Crypto Industry News & Market Trends

Peter Brandt Says XRP Charts Alone Give Him Reason to Make a Bet

Veteran trader Peter Brandt sees a potential XRP bet in its long-term price pattern, even as he questions unquestioning loyalty to the token. His Sept. 26 image places that view alongside a more recent retreat.　　Key TakeawaysThe Sept. 26 chart spans more than a decade of XRP trading.Brandts earlier $5.40 projection implied a gain of about 251% from $1.54.He praised an XRP pattern in 2024 while stating that he held no position.　　Brandt Sees an XRP Bet Without Joining Its Devoted Following　　XRPs price history remains compelling to Peter Brandt even as he challenges the devotion of some token supporters. In a Sept. 26 post on X, the veteran trader described his chart-based interest in owning XRP: “It is not necessary to be a certified cult member to be an interested owner of a crypto $XRP.” He added:　　“The charts alone have always been enough reason for us to make a bet.”　　“The charts alone have always been enough reason for us to make a bet.”　　“There is a difference between being open-minded and having a hole in the dead,” he noted. The founder of trading firm Factor Trading has used classical price charts, which track recurring formations in historical prices, throughout his trading career. Brandt

09-28Industry

Zcash (ZEC) Price Prediction: Zcash Co-Founder Predicts ZEC at $5,000 by 2026

The move has pushed the Zcash price more than 100% higher over the past 30 days, bringing renewed attention to its potential price targets for the remainder of 2026.　　Zcash co-founder Eli Ben-Sasson has offered an especially ambitious outlook, predicting that ZEC could reach $5,000 by the end of 2026. His projection comes as whale accumulation, demand for privacy-focused assets, and institutional products have become increasingly important themes around Zcash.　　Zcash (ZEC) price chart. Source: Brave New Coin　　The $5,000 target would represent a substantial increase from current levels and would require ZEC to nearly triple its price within the final months of the year. While the forecast has attracted attention, technical analysts are also monitoring resistance around $1,650-$1,720 and potential support near $1,500-$1,550.　　Zcash Co-Founder Sets $5,000 ZEC Target　　Ben-Sassons forecast places ZEC at $5,000 by the end of 2026. The outlook is based on factors including increased whale activity, growing interest in privacy coins, and what he describes as organic volatility surrounding Zcash.　　Discover more　　Crypto wallet review　　investing　　NEWS　　At around $1,550-$1,650, reaching $5,000 would require a move of roughly 200% from current levels. The target therefore represents a high-growth scenario rather than an extension of the immediate price trend alone.　　The broader market backdrop has also changed

09-28Industry

Grayscale Files Zcash Income ETF, ZCSH Nears $1B in Assets

In a Sept. 25 filing with the SEC, Grayscale proposed the ZCSH High Income ETF, an actively managed fund designed to generate income through options tied to Zcash exchange-traded products. The fund would target biweekly distributions while maintaining indirect exposure to ZEC.　　The timing is notable. Grayscales existing Zcash ETF, ZCSH, has grown to roughly $996 million in assets, while ZEC itself has surged sharply during September.　　The New ETF Would Not Hold ZEC Directly　　This is not another spot Zcash ETF.　　The SEC filing says the new fund would not hold ZEC, maintain a crypto wallet or control private keys. Instead, it would use options tied to Zcash ETPs, including the existing ZCSH fund.　　The strategy resembles a covered-call product. The fund would collect option premiums and use them to support distributions every two weeks.　　That income comes with a trade-off: selling calls can limit upside if Zcash rallies sharply above the options strike prices.　　ZCSH Is Already Approaching $1 Billion　　The filing arrives as demand for regulated Zcash exposure accelerates.　　ZCSH crossed $500 million in assets just weeks after launch, and by Sept. 25 its asset base was approaching $1 billion.　　Importantly, that does not mean investors added nearly $1 billion of fresh cash. Part of the total

09-28Industry

Kelp DAO Sues LayerZero Over $292M Exploit

Evercrest Technologies, the developer behind liquid restaking protocol Kelp DAO, has sued LayerZero Labs and its co-founder and CEO Bryan Pellegrino in the Supreme Court of British Columbia, escalating a months-long blame dispute over the April exploit of the rsETH bridge into formal litigation. The notice of civil claim is dated September 24 and was published by Kelp late on Thursday. Kelp argues the roughly $292 million attack “was a direct result of LayerZero‘s failures,” while LayerZero has maintained in its own post-incident statement that the loss came from Kelp’s single-verifier setup.　　What the claim alleges　　The filing pleads negligent misrepresentation, negligence and defamation, and seeks damages including aggravated and punitive damages, though it names no figure. Evercrest says LayerZero “reviewed and endorsed” the bridge deployment and configuration in writing before the attack, and that it warned another integrator about risks in its default setup but never gave Kelp the same warning. Kelp said it filed the case to “correct the record” and to hold LayerZero and Pellegrino accountable “for the harm they have caused us and the broader DeFi ecosystem.”　　LayerZeros response　　Pellegrino pushed back within hours. “The claim continues to be meritless, will meet them in Vancouver and defend myself accordingly,” he

09-28Industry

Michael Saylor calls for ‘bill of digital rights,’ eyes $100 trillion crypto industry

Michael Saylor never misses an opportunity to applaud Bitcoin [BTC].　　In a recent X post dated the 26th of September, Saylor came up with an essay titled “Prescriptions for Prosperity in the Digital Economy” concerning individuals‘ and companies’ broader legal freedom around digital assets.　　How can AI help crypto？　　Saylors core argument stems from the fact that AI will dramatically increase economic productivity. For that, he wants the financial system to evolve alongside it. He therefore proposes what he calls a “bill of digital rights” rather than a framework with a main goal of restrictions.　　In his essay, Saylor gives weight to five rights that he believes should apply to both individuals and corporations. This includes creating, issuing, custodying, transferring, and using digital assets.　　Moreover, an asset becomes economically valuable based on what its owner is actually allowed to do with it. Saylor argues that restrictions on an assets usefulness can also restrict its economic potential.　　The age of Digital Assets and Digital Intelligence needs a bill of digital rights, not a bill of restrictions.　　Saylor proposes a ‘de minimis’ exemption　　He refers to Bitcoin as “digital capital” and wants banks to be able to custody BTC and provide loans against it under workable regulations. He also wants

09-28Industry

Solana Price Analysis: SOL Holds $120 Support as Bulls Target $150

Key Insights:Solana price held $120 as traders watched $128–$132 resistance.Futures open interest remained elevated during SOLs latest recovery.Alpenglow testnet activity added another catalyst for network attention.　　Solana price held above $120 on Sept. 26 after SOL extended a late-week recovery across major spot markets. When writing, SOL was trading near $122.　　Meanwhile, traders watched $128–$132 as the next resistance zone. The rebound kept attention on whether buyers could preserve the breakout structure into the weekly close.　　The move mattered because SOL reclaimed a level that had capped earlier September rebounds. Futures positioning also remained elevated, while decentralized finance liquidity strengthened alongside the recovery.　　Network upgrades added another catalyst, but price confirmation remained necessary before broader targets became relevant.　　Solana Price Holds Above $120 After Weekly Rebound　　CoinMarketCap data showed Solana price trading around $122 at the time of writing. The token gained about 3.8% over 24 hours and roughly 20% over 30 days. The move followed a Sept. 25 close near $122, up from about $117 one day earlier.　　Discover more　　Enterprise blockchain solutions　　Daily crypto news　　Bitcoin mining hardware　　Solana price chart | Source: CoinMarketCap　　Price action, therefore, returned SOL above the psychological $120 level after several failed tests earlier this month. Market analyst FOUR wrote on X that SOL had

09-28Industry

Bitget freezes XRP withdrawals as 27M stolen tokens move

Bitget‘s XRP withdrawal route was still disabled on Sept. 26, even as the exchange set Oct. 2 at 08:00 UTC for the last phase of its post-breach withdrawal reopening. Its published timetable names BTC, ETH and USDT for earlier phases, then “other tokens,” fiat and peer-to-peer services for Oct. 2. XRP is not listed separately, so the schedule places it in that final group by exclusion. Bitget’s public XRP coin status showed external XRP withdrawals disabled and deposits enabled at 12:11 UTC on Sept. 26.　　Related Asset XRP #5 XRP · $1.52 24-hour change: down 1.86% Loading price history… 24H Down 1.86% 7D Up 7.74% 30D Up 8.87%　　The timing matters to XRP holders because the stolen tokens are also moving. Bitquery measured 27.63 million XRP moving onward from two tracked attacker accounts by 02:54 UTC on Sept. 26, while 75.35 million remained in six tracked accounts. That is a dated account-balance snapshot, not a measure of XRP sold into the market. It leaves two different developments to watch: when customers can withdraw their XRP, and where the stolen XRP goes next.　　Bitgets first scheduled withdrawal phase starts with BTC on the Bitcoin network on Sept. 28 at 08:00 UTC. ETH follows on

09-28Industry

Zano Wipes 1 Month of History to Fix Massive Crypto Inflation Bug

Key TakeawaysZano reverted to block 3,833,000 to halt unauthorized token issuance, erasing a month of blockchain history.Freedom Dollar paused token activity and will absorb millions in losses caused by counterfeit fUSD issuance.The unprecedented one-month rollback erases all legitimate transactions, socializing losses among all users.　　Zano Rolls Back One Month of Chain History to Fix Inflation Bug　　Zano is taking action to address unauthorized activity that affected the issuance of both ZANO, the native token, and fUSD, a dollar-pegged stablecoin issued on the chain.　　In a statement issued on Sunday, the Zano team said it identified an inflation bug involving Gateway Addresses that allowed unauthorized issuance of Zano and fUSD, but did not identify any compromise of wallet spend keys or ordinary transaction privacy, reporting that the Zano core consensus protocol remained unaffected.　　While the team previously stated that the vulnerability fix would involve a one-day chain rollback that would erase all transactions during that period, the approved plan encompasses rolling back one month of transaction history after its latest hard fork, an unprecedented measure in the crypto world.　　“To ensure full network integrity, the Zano blockchain has been restarted from block height 3,833,000, immediately prior to Hard Fork 6. This affects approximately one month of

09-28Industry

KelpDAO sues LayerZero, CEO over $292M rsETH bridge exploit

KelpDAO has filed a lawsuit against cross-chain protocol LayerZero following the roughly $292 million exploit of its rsETH bridge earlier this year, alleging that failures in LayerZeros security infrastructure contributed to the attack.　　KelpDAO said Friday that LayerZero failed to disclose risks in its technology or prevent attackers from compromising its infrastructure. It also alleged that LayerZero had reviewed and endorsed its deployment and configuration in writing before the exploit.　　The lawsuit also names LayerZero co-founder and CEO Bryan Pellegrino.　　“Our number one priority has always been and will remain the security of our users assets,” Kelp wrote. “But we also need to correct the record, and hold LayerZero and Mr. Pellegrino accountable for the harm they have caused us and the broader DeFi ecosystem.”　　Pellegrino called the claim “meritless” and said he would defend the case in Vancouver.　　The lawsuit escalates a months-long dispute over whether the loss was caused by the compromise of LayerZero‘s infrastructure, KelpDAO’s bridge configuration, or both.　　Cointelegraph contacted LayerZero for further comment, but did not receive a response before publication.　　Kelp and LayerZero have disputed responsibility since April　　The April 18 attack resulted in the theft of 116,500 rsETH, worth about $292 million at the time, from Kelps LayerZero-powered bridge.　　In its final

09-28Industry

CFTC sues Cash FX, alleges $950M crypto-linked forex scheme

The Commodity Futures Trading Commission said it is suing Cash FX Group and three individuals in a $950 million foreign-exchange investment case involving cryptocurrency.　　The defendants are Cash FX and its CEO Huascar Jose Lopez Castillo of Brazil, The Conversion Pros and its CEO Ronald Pope of Oregon, and Justin Halladay of Florida.　　The CFTC said its complaint was filed Friday in the US District Court for the Middle District of Florida. It alleges the defendants operated a multilevel marketing Ponzi scheme, soliciting and accepting over $950 million for the purported purpose of trading retail foreign currency contracts in a commodity pool.　　The agency alleged the defendants falsely claimed pool funds were handled by expert traders, proprietary algorithms and artificial intelligence, and promised up to 15% weekly returns.　　The CFTC alleged that Cash FX engaged in minimal forex trading and misappropriated most of the participant funds, using new contributions from participants to pay fictitious trading profits while directing millions of dollars to each defendant.　　Related: Bernstein expects ‘aggressive’ rulemaking from SEC, CFTC, following CLARITY Act failure　　Cash FX also provided false accounting statements to participants, who lost at least $406 million, the CFTC alleged.　　“The Division of Enforcement has continued to refocus on its core mission of

09-28Industry

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