Latest Crypto News & Market Updates

Gate Releases August 2026 Transparency Report: Multi-Asset Comprehensive Financial Services Accelerate Evolution, 127% Reserve Ratio Solidifies Security Foundation

Gate, one of the leading global digital asset trading platforms, has released its August 2026 Transparency Report. The report shows that Gates multi-asset business maintained strong momentum in August, with lines of business including TradFi, derivatives, wealth management, on-chain trading, and institutional services demonstrating solid growth.　　Service capabilities across trading, investment, and asset management scenarios were further enhanced. Against the backdrop of accelerating integration between digital assets and traditional financial markets, Gate continues to strengthen its financial service framework covering multiple asset classes, diverse trading scenarios, and varied user needs.　　On the trading front, Gate maintained high activity levels across core trading indicators in August. According to DefiLlama data, Gates 24-hour total spot and derivatives trading volume reached approximately $9.5 billion, ranking among the global Top 3, while open interest hit $12.48 billion, also placing in the global Top 3.　　Sponsored　　Sponsored　　The platform recorded net capital inflows of $308.1 million over the past 30 days, ranking second among major trading platforms. In specific market segments, CryptoQuant data shows that Gates equity perpetual futures trading volume grew 308% month-over-month, marking three consecutive months of triple-digit growth.　　CryptoRank data indicates that Gates RWA perpetual futures open interest reached $378.8 million, accounting for 49.6% of the global centralized

09-11Industry

Wirex is Now Live on Tempo for Enterprise Stablecoin Card Programs

Wirex enables its partners to use Tempo as a settlement layer for enterprise stablecoin card programs.　　Wirex, the global stablecoin infrastructure provider and a principal member of Visa and Mastercard, has added Tempo to its platform. The live integration enables Wirex partners to select Tempo as a preferred settlement layer for enterprise stablecoin card programs.　　Sponsored　　Sponsored　　Stablecoin card infrastructure built for scale　　Wirex gives fintechs and digital platforms a single integration for regulated card issuance, wallets, compliance, and stablecoin settlement.　　Wirex issues cards under its own licences as a principal member of Visa and Mastercard. Its infrastructure reached $1 billion in annualized onchain volume just 131 days after launch, and doubled that volume 110 days later, making it one of the fastest-scaling stablecoin card platforms in the industry.　　Why Wirex chose Tempo　　Wirex selected Tempo because it offers more than a settlement network, bringing extensive payments expertise thanks to its incubation by Stripe. Together, Wirex and Tempo can give enterprises a supported path from product design to a live stablecoin card program using Tempos Stablecoin Advisory.　　Wirex provides the regulated card stack. Tempos Stablecoin Advisory and forward-deployed engineers work directly with customers to:Design the card and settlement flowSelect and integrate the right infrastructure partnersMove from architecture to prototype

09-11Industry

Binance Joins Rivals in Launching Weekly Onchain Products

Binance and other leading companies like Nubank, Coinbase, and Revolut are significantly ramping up their onchain product launches, as highlighted by crypto commentator @tokenterminal. This surge reflects a competitive landscape that could drive faster development and better products in the crypto ecosystem. The implication for traders is clear: increased competition may enhance consumer adoption and innovation across the sector. Source　　The Latest　　The crypto market is witnessing a noteworthy acceleration in onchain developments from major players. Binance, alongside Nubank and Coinbase, is reportedly launching new products almost weekly. This trend points to a significant shift in market sentiment, where competition is heating up, potentially leading to improved offerings for users. As companies enhance their product lines, traders will closely monitor how these developments influence market dynamics and user engagement.　　By the Numbers　　The broader crypto market is currently exhibiting mixed signals, with varying momentum across major assets. As of now, Binances latest efforts to innovate could play a crucial role in reshaping market expectations. The absence of significant volume data suggests that traders are awaiting clearer signals before committing to positions. This cautious approach could be indicative of the current sentiment, with many looking for confirmation of sustained growth in user adoption and product

09-11Exchange

Eric Crown Quit Altcoins Entirely, Says 99.9% Are Worth Nothing

Technical analyst Eric Crown holds no altcoins at all and says the overwhelming majority of them are worth nothing, a share he puts at more than 99.9%.　　Crown made the argument on the BeInCrypto podcast. He also dismissed the chart most traders use to time altcoin rallies.　　Sponsored　　Sponsored　　Why One Analyst Quit Altcoins Entirely　　Crown set out his position in an interview with BeInCrypto, where altcoin exposure came up directly.　　“No, I dont hold any altcoins.”　　Bitcoin (BTC) and traditional markets make up his book instead. BTC trades near $77,207 after a 1.24% daily decline.　　Crown put the failure rate at 99.999%, repeating to infinity, based on what he has watched over multiple cycles. A handful of exceptions exist, in his view, but they stay rare.　　“Most people would be better off just buying boring stuff that compounds year-over-year and not trying to overthink it.”　　Sponsored　　Sponsored　　The Dominance Chart He Ignores　　That position rests partly on a metric Crown considers broken. Traders watch dominance to judge whether capital is rotating out of Bitcoin, and he argues it failed that job for three straight years.　　“I see so many people obsessed with the Bitcoin dominance chart and I just… I dont understand it.”　　Eric Crowns monthly Bitcoin dominance chart, annotated to show dominance rising

09-11Industry

Albuquerque Bans Bitcoin ATMs, Giving Operators 45 Days to Remove Them

In briefAlbuquerque city council passed an ordinance on Wednesday banning crypto kiosks and cashier-facilitated virtual currency transactions.Operators and the businesses hosting the machines face a 45-day removal deadline.Indiana, Tennessee and Minnesota have already banned the machines statewide, and the largest U.S. operator went bankrupt in May.　　Albuquerque has banned cryptocurrency ATMs within city limits, with an ordinance passed by the city council on Wednesday that also covers cashier-facilitated virtual currency transactions.　　The city will now notify known operators and the retailers hosting their machines, who have 45 days to take them out.　　District 1 Councilor Stephanie Telles, who co-sponsored the measure with District 7 Councilor Tammy Fiebelkorn, said 90% of crypto ATM transactions in Albuquerque are tied to fraud. “No one who legitimately exchanges or transmits virtual currency uses these kiosks, because the high fees make them a ripoff,” Telles said in a press release. She argued that they are primarily used by “Scammers, organized crime, and human traffickers” because the transactions are instant, anonymous, and irreversible.　　“We cannot wait for federal regulators to solve this crisis while our residents are actively being targeted and harmed in our own neighborhoods,” Fiebelkorn added.　　Residents remain free to own, mine and transfer crypto through online exchanges and

09-11Industry

WikiBit Weekly Crypto Market Outlook: Oil Breaks $100, CPI Looms — BTC’s Fight to Defend the Downside

This Week‘s Plot: BTC’s Three-Week Winning Streak Ends　　From September 7 to 11, BTC fell about 4% for the week and is now trading around $77,197, briefly dropping below $77,000. ETH has been relatively resilient, currently around $2,468, down roughly 2% for the week. There are three main culprits:PPI came in hotter than expected: U.S. August PPI rose 5.4% year over year, while energy prices jumped 4.2% month over month and diesel prices surged 24.1%. After the data was released, BTC plunged from above $79,000, while the 10-year U.S. Treasury yield approached 4.95%.The Middle East added fuel to the fire: The U.S.-Iran conflict escalated, pushing oil above $100, with Brent crude briefly approaching $109. Gold surged toward $5,000, but instead of flowing into BTC, safe-haven capital was scared away by renewed inflation expectations.Leveraged longs were liquidated: The entire crypto market saw approximately $452 million in liquidations over the past 24 hours, with long positions accounting for 76.76%.Bulls vs. Bears: On-Chain Data Warm, Macro Signals Cold　　The on-chain temperature is cooling. Glassnode data shows the 7-day seller risk ratio for BTC has fallen to around 7 basis points per day, less than half the August high of 16 bps. The share of profit-taking

09-11Deep Dive

WikiBit Exchange Exit Risk Ranking #23 — Zoomex: F1 Sponsorship, Martínez Endorsement, 150x Leverage — Why Did France’s AMF Put It on the Blacklist?

Introduction: The “Sports Marketing Addict” — Zoomex‘s Two Faces　　In the previous 22 editions, we dug into a series of exchanges ranging from HashKey to MGBX. For Episode 23, we’re taking a look at a “sports marketing addict” — Zoomex.　　On paper, Zoomex has quite an impressive résumé: “Founded in 2021,” “more than 3 million users across 35+ countries,” “official partnership with the Haas F1 Team,” “Argentine goalkeeper Emiliano Martínez as a brand ambassador,” “Canada MSB + U.S. MSB + U.S. NFA + Australian AUSTRAC registrations,” “Hacken security audit certification,” “1:1 reserve policy with 95% of assets stored offline in cold wallets,” “590+ perpetual contracts,” and the “HackenProof bug bounty program.”　　Sounds like a two-engine model of sports marketing + compliance and security, right？　　But theres another side to the story.　　Frances AMF added Zoomex to its blacklist in June 2024, officially warning that it was “offering crypto services without authorization.”　　In April 2026, the Philippines SEC also included Zoomex on its warning list of unlicensed operators.　　Its Trustpilot rating is only 2.2/5, with users calling it a “Ponzi” and warning others: “DO NOT PUT YOUR MONEY THERE.”　　WikiBit concluded that “the platform currently has no valid crypto regulation,” while users have reported issues such as “accounts being

09-11Deep Dive

Russia to require tax IDs for opening crypto depository accounts

Russia has made taxpayer identification numbers a mandatory part of opening digital depository accounts used to record cryptocurrencies and digital rights as authorities tighten identity checks across the countrys newly regulated crypto market.　　Russia‘s Federal Financial Monitoring Service, known as Rosfinmonitoring, said clients will have to provide their individual taxpayer number, or INN, when opening an account with a Russian digital depository, according to comments from adviser to the agency’s director Vlada Gracheva on Sept. 9.　　The requirement makes the tax number a compulsory identifier for crypto accounts, even though Russian banks do not generally require an INN when a customer opens an ordinary bank account.　　“For the anti-money laundering system, the clients INN becomes a new mandatory, specifically mandatory, identifier,” Gracheva said. “This is to ensure the transparency of transactions carried out with cryptocurrency.”　　An INN assigned to an individual contains 12 digits and remains with the taxpayer even if their address, surname or other passport information changes. The number is commonly used for tax and employment purposes in Russia.　　Tax IDs become mandatory for Russian crypto accounts　　Gracheva said the requirement forms part of the anti-money laundering controls being applied to cryptocurrency activity, placing the tax identifier directly into the customer identification process for

09-11Industry

US CPI to Be Released at 8:30 PM Tonight: Could “Black Friday” Return? U.S. Stocks, BTC and Global Markets May Face a Broad Sell-Off

At 8:30 PM Beijing Time tonight, the U.S. August CPI data will be released.　　Overall, the probability of the data being negative for financial markets is currently above 90%. The market is facing a potentially dangerous combination of Friday + bearish economic data + a high probability of further rate hikes, creating a triple-risk window that could trigger another “Black Friday.”　　Yesterdays PPI report was, objectively speaking, not that bad. The overall data was bearish for markets, but only mildly so. Yet global markets still sold off across the board: U.S. stocks, crypto, A-shares, and the German, British, and French stock markets all declined.　　Bitcoin plunged from $78,000 to $76,400, coming within striking distance of the previously mentioned $76,200 critical support level. This shows that market fear is already building. At this point, even the slightest piece of negative news can trigger another sell-off.　　More importantly, after the release of the U.S. August PPI data, the CME-implied probability of a Fed rate hike jumped to 72.4%, surging by roughly 10 percentage points.　　Historical data since 2015 shows that whenever the market-priced probability of a rate hike or cut has exceeded 69%, the Federal Reserve has ultimately delivered the corresponding rate move at its meetings.　　And that

09-11Deep Dive

Hunter Biden denies profiting from memecoin after his LAPTOP crashes

Hunter Biden has denied profiting from his LAPTOP memecoin after its launch-day price crash, adding that neither he nor his team had sold tokens.　　Several X users accused the LAPTOP project of a “rug pull” after the memecoin lost more than 95% of its value in the first hour of trading on Wednesday. At the time of writing, the new token traded at $0.8562, according to CoinGecko data.　　“The teams allocation is locked. Nobody on our side sold, and nobody could have,” Biden said in an X post Wednesday. “I, personally, have not made a single dollar.”　　Biden blamed the price action on insufficient liquidity and “snipers,” which are trading bots that quickly swoop up tokens when trading opens.　　The Base memecoin takes its name from a MacBook Hunter Biden reportedly left at a repair shop in 2019. Trump allies used the New York Posts reporting on files purportedly from the device against him and his father, former US President Joe Biden, during the 2020 election.　　Before launching his own memecoin, Biden slammed the Trump familys crypto ventures. In an Aug. 21 post, Biden said World Liberty Financial used political influence and leverage to benefit its founders.　　Biden did not respond to Cointelegraphs request for comment.　　LAPTOP

09-10Industry