Latest Crypto News & Market Updates

Bitcoin ETFs Bleed $147 Million in Two-Day Outflow Streak

U.S. spot Bitcoin exchange-traded funds have extended their losing streak to two consecutive sessions.　　They have now shed more than $147 million, which can be potentially interpreted as a sign of waning institutional demand.　　According to data shared by Onchain Lens, the ETFs recorded $100.7 million in net outflows on Sept. 9. This followed $46.6 million in withdrawals on Sept. 8. This brought the combined outflows over the two sessions to $147.3 million.　　This comes after Bitcoin ETFs attracted substantial fresh capital earlier in the month.　　Still, September flows remain firmly positive, with Onchain Lens putting month-to-date inflows at roughly $622.7 million.　　Strong September start loses momentum　　September had a very strong start. On Sept. 3 alone, U.S. spot Bitcoin products attracted roughly $731 million, according to industry flow trackers.　　The inflows came as Bitcoin rallied back above $80,000 amid renewed optimism surrounding monetary policy and cryptocurrency regulation.　　However, institutional demand weakened sharply after the long U.S. holiday weekend.　　SoSoValue data showed that the ETFs posted $46.65 million in net redemptions on Sept. 8.　　Grayscales GBTC makes up a substantial portion of selling with roughly $65.5 million in outflows. Fidelitys FBTC and Invescos BTCO also recorded withdrawals.　　Those losses were partially offset by inflows into several competing products. BlackRocks IBIT attracted

09-10Industry

Tether is pushing USDT into a cracking $3 trillion Wall Street debt machine as defaults hit five-year highs at major funds

Tether is pushing USDT into the private-credit market as defaults and withdrawals strain the $3 trillion industry.　　Related Asset Tether USDT · Stablecoin　　On Sept. 9, the stablecoin issuer and London-based Fasanara Capital launched StableFund with $400 million in combined sponsor capital and plans to raise up to $3 billion more from institutional investors.　　Fasanara will manage the portfolio, while Tether will help originate USDT-linked financing opportunities and provide settlement and treasury infrastructure.　　The expansion takes Tether beyond a crypto lending market it already dominates and closer to financing businesses and consumers in the real economy. Galaxy Research estimates that Tether controlled around 60% of the $23 billion centralized crypto-lending market at the end of June, giving it roughly $13.5 billion of outstanding secured loans.　　StableFund therefore represents an attempt to extend Tethers existing credit operation into a much larger asset class, at a time when regulators and investors are scrutinizing private credit more closely　　Private credits boom is running into a tougher test　　StableFund arrives after years of rapid growth turned private lending into one of Wall Streets most sought-after businesses, but the credit cycle is becoming less forgiving.　　An August Wall Street Journal analysis found worsening loan health and investor returns across publicly traded funds overseen

09-10Industry

Trezor, BitBox warn users about fake hardware wallet security alerts

Hardware wallet makers Trezor and BitBox warned users about phishing emails disguised as urgent security notices after suspected compromises involving third-party email services.　　On Wednesday, Trezor said its email provider had been breached and warned that a message titled “Critical Security Alert: STM32 Entropy Vulnerability” was fraudulent. The company urged recipients not to click any links.　　On the same day, Bitbox warned users about a phishing email pretending to come from the company. The company said its preliminary review indicated that its newsletter provider was likely compromised, adding that multiple Bitcoin companies appeared to have been targeted through a shared provider.　　The warnings come after several recent security disclosures across the hardware-wallet sector. On Aug. 13, a breach at Trezor shipping provider ShipMonk exposed data belonging to nearly 14,000 customers. On Sept. 4, Trezor disclosed that another 67,000 US customers were affected.　　In July, BitBox said its devices were unaffected by a vulnerability involving Coldcards random-number generation. In August, it released an update fixing two severe firmware vulnerabilities, with no known exploitation or stolen funds reported.　　Cointelegraph reached out to Trezor and BitBox for more information but did not receive responses before publication.

09-10Industry

VerifiedX launches $15M Bitcoin funding round

VerifiedX Foundation launched a $15 million financing round on Sept. 9 with Cantor Fitzgerald as its investment banking partner, aiming to expand institutional infrastructure for Bitcoin-backed products.　　VerifiedX said in an announcement that it had already secured initial institutional capital. However, the foundation did not disclose how much it has raised, the investors involved, the financing structure or the valuation used for the transactions.　　Cantor Fitzgerald is serving as the project‘s investment banking partner. The announcement did not describe Cantor’s precise mandate or indicate whether the firm had underwritten, placed or committed capital to the round. Cantor had not published a separate announcement confirming additional terms when this article was prepared.　　The $15 million figure represents the financing target rather than a completed raise. VerifiedX has not released a closing date, minimum subscription amount or schedule for announcing further participants. Its claim that institutional investors have already joined therefore cannot be quantified from the information available.　　The foundation said proceeds would support institutional Bitcoin distribution, custody connections, centralized exchange listings and lending services. No regulatory filing or independently audited financing document confirming the amount received was publicly identified as of Sept. 10.　　Funding targets BitGo custody and Base integration　　VerifiedX plans to use part of the

09-10Industry

Robinhood CEO rejects AMC veto over stock tokens

Robinhood CEO Vlad Tenev defended the companys AMC stock tokens on Sept. 9, arguing that public companies should not automatically control third-party securities referencing their listed shares.　　SummaryRobinhood CEO Vlad Tenev said AMC consent is unnecessary for tokens referencing publicly traded shares.Robinhood describes each stock token as a debt security backed one-for-one by underlying collateral shares.Token holders receive dividend adjustments but lack voting rights attached to the referenced AMC shares.AMC CEO Adam Aron threatened legal and regulatory action unless Robinhood stops offering AMC tokens.Robinhood has not announced how it will vote the underlying shares held as collateral yet.　　Tenev made the remarks during a CNBC “Squawk Box” interview, his first televised response since the dispute with AMC Entertainment CEO Adam Aron escalated.　　“Issuers should have control and do have control over the rights and obligations of the stock that they issue, but that doesnt mean they control everything about it,” Tenev said. He argued that companies cannot prevent independent firms from issuing separate securities that reference publicly traded shares.　　“Issuer consent depends on what exactly you‘re doing,” Tenev added. He said Robinhood’s products “should not automatically require issuer consent,” although that position has not received a public ruling from the SEC or a court.　　Aron

09-10Industry

DOJ targets Xinbi Guarantee network, restrains over $52M in crypto

US authorities have restrained more than $52 million in cryptocurrency tied to Xinbi Guarantee and its vendor network while seizing wallets and Telegram channels used by the Chinese-language marketplace.　　The US Department of Justice said on Sept. 9 that its Scam Center Strike Force seized two crypto wallets containing approximately $12 million and sought restraints against another 47 wallets believed to be connected to money laundering through Xinbi and vendors serving scam operators.　　The two seized wallets were used by Xinbi to collect payments for vendors operating through its marketplace. Combined with the other restraints, the operation placed more than $52 million in crypto beyond the reach of Xinbi and its vendor network, according to the DOJ.　　Tether assisted investigators with the operation, the department said. The stablecoin issuer had separately frozen $39.3 million in USDT across 10 Tron addresses linked to Xinbi earlier this week, crypto.news previously reported.　　US seizes Xinbi wallets and Telegram channels　　Court action against Xinbi extended beyond its cryptocurrency infrastructure.　　On Sept. 7, the US District Court for the District of Columbia authorized the seizure of Telegram channels hosting the marketplace. A subsequently unsealed warrant described Xinbi as a Chinese-language marketplace where vendors advertised services to operators of scam centers.　　According to

09-10Industry

Treasury’s $6 billion bond intervention creates a stealth test for Bitcoins next move

The US Treasury has set a $6 billion ceiling for a Sept. 10 buyback of older long-dated bonds, giving dealers more room to offload inventory. For Bitcoin, the question is whether that relief can extend beyond bond trading into broader financing conditions.　　Related Asset Bitcoin #1 BTC · $78,329.53 24-hour change: down 1.03% 24H Down 1.03% 7D Up 1.48% 30D Up 22.57%　　The tentative schedule published Sept. 9 targets nominal Treasury securities with 10 to 20 years remaining. The ceiling is triple the previous $2 billion limit and exceeds the minimum expansion Treasury announced Aug. 19, when it promised at least $4 billion in operations.　　The operation is scheduled for 1:40 p.m. to 2 p.m. Eastern, with settlement on Sept. 11. Eligible maturities span Sept. 11, 2036, through Sept. 10, 2046. The final securities list is due at 11 a.m. Eastern on operation day.　　Infographic outlines Treasurys scheduled $6 billion buyback of 10- to 20-year bonds and notes any Bitcoin spillover remains unproven.　　Treasurys buyback rules describe liquidity support as a predictable outlet for selling off-the-run securities, meaning older issues. This differs from cash-management buybacks, which smooth government cash balances and bill issuance.　　A May 2025 IMF working paper by Jing Zhou found modest improvements in

09-10Industry

Japans 3% bond yield challenges U.S. Treasuries

BlackRock warned on Sept. 8 that rising Japanese government bond yields could weaken demand for U.S. Treasuries by giving Japanese investors more attractive returns at home.　　SummaryJapans 10-year government bond yield briefly exceeded 3%, its highest level since 1996, BlackRock reported.Yen-hedged 10-year Treasuries yield about 2% for Japanese investors, versus roughly 3% on domestic bonds.Japan holds roughly $1.1 trillion in U.S. Treasuries, making potential capital repatriation globally relevant today.BlackRock estimates a hypothetical 5% portfolio shift would redirect approximately $55 billion toward Japanese assets.Markets fully price a Bank of Japan rate increase this month, according to BlackRocks commentary.　　Japans 10-year government bond yield briefly exceeded 3% for the first time since 1996, while its 30-year yield reached a record 4.18%.　　The shift matters because Japan holds roughly $1.1 trillion of U.S. Treasury securities. Decades of low and negative domestic interest rates encouraged Japanese banks, insurers and pension funds to invest abroad. Higher Japanese yields are beginning to alter that calculation.　　Japan is becoming a key focus in global bond markets.　　Surging yields on Japanese government bonds could attract some local investors and weigh on U.S. Treasury demand as competition for capital intensifies. 　　Explore why Japan matters for U.S. bond investors in our latest… pic.twitter.com/3wpal4oJvp　　— BlackRock (@BlackRock)

09-10Industry

Consensys and MetaMask to Separate Into Two Independent Companies by End of 2026

“Financial institutions and market infrastructure are moving to always-on operations with tokenization at the core,” said David Cunningham, President of Consensys.　　Consensys has announced it will separate into two independent companies, MetaMask for consumer self-custodial finance and Consensys for Ethereum (ETH) protocols and institutional infrastructure, with the split expected to close by the end of 2026.　　The reorganization ends a single-company structure that has held for over a decade. MetaMask takes the self-custodial wallet, which the company says has passed 100 million downloads across roughly 190 countries and facilitated trillions of dollars in cumulative transaction volume.　　MetaMask Turns to Consumer Finance　　The new Consensys keeps the Protocols Group, including the Linea Layer-2 network, the Besu execution client, and Teku, along with its tokenization and stablecoin work for banks and asset managers.　　Joe Lubin, who co-founded Consensys, will step in full-time as Chairman and Chief Executive Officer of MetaMask while serving as Executive Chairman of Consensys. Mike Kriak will run Consensys as Chief Executive Officer, with David Cunningham as President.　　“MetaMask grew out of that work into the world‘s most widely used self-custodial wallet, and today it’s becoming something larger: a platform where people don‘t just hold their assets, but manage their money in its many diverse

09-10Industry

US sanctions Xinbi scam marketplace, restrains $52M in crypto

United States authorities restrained more than $52 million in crypto linked to Xinbi Guarantee and its vendor network as part of a coordinated operation against the scam marketplace.　　On Wednesday, the US Justice Department said its Scam Center Strike Force seized two wallets used by Xinbi to collect vendor payments containing about $12 million. Law enforcement also sought restraints against 47 additional wallets believed to be connected to money laundering across Xinbis network.　　The DOJ said the US District Court for the District of Columbia authorized the seizure of Telegram channels hosting the marketplace on Sept. 7. According to the unsealed warrant, vendors used the channels to advertise money laundering, custom scam-investment websites and recruitment services for scam compounds in Southeast Asia.　　The operation targets the financial and communications infrastructure supporting industrial-scale scam centers, expanding enforcement beyond individual operators to the marketplaces and service providers that allow the networks to function. The DOJ credited stablecoin issuer Tether with assisting in the investigation.　　Treasury sanctions Xinbi and technology providers　　In a coordinated action on Wednesday, the US Treasury Department said its Office of Foreign Assets Control (OFAC) designated Xinbi as a significant transnational criminal organization. OFAC also sanctioned Singapore-based SafeW Technology and Cambodia-based Anwen Technology for

09-10Industry

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