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PI price falls below $0.09 as bearish momentum returns

Pi Network price has fallen back below $0.09 on September 24 after its latest recovery failed near $0.093, leaving PI below its main daily moving averages as short term momentum weakened.　　According to the PI/USDT charts, Pi Network was trading near $0.0878 at the time of writing, after opening the daily session around $0.0881 and falling as low as $0.08765. The pullback followed an attempt to recover above $0.09 earlier this week, but buyers were unable to keep the token above that level.　　PI had already shown signs of losing momentum a day earlier. As crypto.news previously reported, the token reached $0.0926 on Sept. 23 before dropping back toward $0.088. The 50 day and 100 day moving averages were acting as overhead barriers during the move.　　Recent Pi Network developments have been more positive on the network side. More than 417,000 users were cleared to continue KYC, while Protocol V27 progressed through testing. The price response has remained limited despite those updates.　　Why is Pi Network price going down today？　　PIs latest decline comes after buyers failed to turn the recent move above $0.09 into a sustained breakout.　　The daily chart shows PI trading below its 20, 50, 100 and 200 day exponential moving averages. The

09-24انڈسٹری

After the SEC’s “Innovation Exemption,” Who Can Benefit from the Tokenized-Stock Bull Market? 20 Projects to Watch!

Today, were going to talk about one of the hottest topics in the crypto market right now:　　After the SEC introduced the Innovation Exemption,they could tokenize U.S. stocks become the next major narrative in the crypto market？　　When we talked about RWA in the past, the first things that came to mind for many people were U.S. Treasuries, money market funds, and short-term bonds.　　But now the market is asking a different question: Can the U.S. stocks go on-chain？　　Can Apple, NVIDIA, Tesla, and S tokenization does not eliminate regulation.2. Why Does It Matter？　　So here is the question: If this is only a limited regulatory exemption, why is the market paying so much attention？　　Because this is not simply about another crypto product. It touches the infrastructure of financial markets themselves.　　What does traditional stock trading generally look like？　　An investor places an order through a broker. The order goes to an exchange for matching, followed by clearing, custody, and settlement, ultimately completing the recording and delivery of ownership.　　This system has operated for decades and has highly developed rules and processes.　　Blockchain is attempting to provide an alternative model:　　Wallets hold assets, blockchain networks record transfers, smart contracts manage transactions, and blockchains handle parts of settlement and ownership records.　　If

09-24گہرا غوطہ

Circle expands CCTP to EURC and cirBTC on Arc

Circle has expanded its Cross-Chain Transfer Protocol beyond USDC on Arc, bringing native EURC and cirBTC transfers into the network while preparing Gateway and Bridge Kit for additional multi-asset workflows.　　SummaryCircle expanded CCTP beyond USDC, enabling native transfers for EURC and cirBTC across Arc routes.EURC currently moves through CCTP across Arc, Avalanche, Base, Ethereum, and World Chain routes today.cirBTC CCTP support currently connects Arc and Ethereum, while Gateway integration remains planned for later.Gateway currently unifies USDC balances on Arc and Ethereum, with additional asset support coming later.Arc launched September 16 with USDC gas, institutional validators, and interoperability across twenty-plus blockchain networks.　　Arcs Sept. 23 update said Interop on Arc is now live with CCTP, Gateway and Forwarding Service integrated into the Layer 1, giving developers separate tools for native Circle-issued assets, third-party tokens, new multichain assets and unified balances.　　The latest deployment does not mean every Circle product already supports all three assets in the same way. CCTP is live for USDC, EURC and cirBTC on specific routes, while Gateway remains limited to USDC at launch. Circle says EURC and cirBTC support for Gateway is planned over time.　　CCTP is expanding beyond USDC.　　Developers can now move more supported assets across chains, including USDC, EURC,

09-24انڈسٹری

Galaxy adds $100M Sky token and institutional adoption is tested

Galaxy Digital has added $100 million of sUSDS, Sky Protocols yield-bearing savings token, to its corporate treasury and approved it as collateral for institutional clients, the companies said Sept. 23.　　Galaxy and Sky described the treasury position as complete, but their announcement gave no figure for client lending secured by sUSDS or the first completed loan. The decision makes the token eligible across Galaxys institutional trading business, with actual client uptake still undisclosed.　　Galaxy reported holding $100 million in sUSDS and separately made the token eligible as collateral for institutional client loans.　　The attraction is a token that continues to accrue a savings return when pledged. Under the announced arrangement, clients who post sUSDS against a loan keep accruing the Sky Savings Rate on the full position while the loan runs.　　Related Company Galaxy Digital Digital asset management firm　　Sky says governance sets that rate and funds it from aggregate protocol surplus, and that holders keep the same number of sUSDS tokens as the amount of USDS redeemable for each token increases as it accrues. The savings rate can change, so future accrual is not fixed.　　For a borrower, that design could offer access to credit while retaining a savings position. The financial result would depend

09-24انڈسٹری

FedNow readies cross-border support for U.S. banks

FedNow has moved closer to supporting cross-border payments as Federal Reserve Financial Services prepares early institutions to test enhanced messages for the U.S. leg of international transactions.　　Federal Reserve Financial Services announced the next phase on Sept. 23, saying participating financial institutions will be able to combine FedNow domestic settlement with established correspondent-banking arrangements that move the international portion of a payment.　　The planned capability does not turn FedNow into an end-to-end global settlement network. FedNow would settle the U.S. portion between participating domestic institutions, while banks or other approved intermediaries would continue handling the overseas leg through the cross-border arrangements selected by each participant.　　FedNow going cross-border is not what it sounds like.　　The Feds own proposal: a correspondent bank handles the international leg, FedNow settles the US domestic leg in seconds. The foreign mile still runs on whichever rail the correspondent picks.　　So the slow, expensive part of… https://t.co/JPFYngLJUv　　— Wave of Innovation (@wave_of_innov) September 23, 2026　　FedNow cross-border payments will keep a domestic settlement leg　　The Federal Reserve has been preparing the legal structure for this model since April, when the Board proposed amendments to Regulation J allowing FedNow participants to use intermediaries other than Federal Reserve Banks in a funds transfer. Current rules have

09-24انڈسٹری

WikiBit Exchange Exit Risk Ranking #34 — Toobit: ZachXBT Calls It “Untraceable,” User Says $5,000 in Profits Was Deducted in Full

Introduction: An Exchange with “Countless Awards” but “No One to Be Found”　　Over the first 33 editions, we have investigated a series of exchanges ranging from HashKey to Pionex. For the 34th edition, we turn to one of the most heavily packaged anonymous players in the market — Toobit.　　On paper, Toobit has quite an impressive résumé: “Founded in 2022,” “built by former core teams from Huobi, Bybit, and Xiaomi,” “more than 4 million users worldwide,” “ISO 27001 certified,” “Poland KNF VASP license,” “U.S. FinCEN MSB registration,” “independent Hacken PoR audit with reserves exceeding 100%,” “official regional partner of LALIGA in the Middle East and North Africa,” a “$50 million Toobit Shield Fund,” and “$100 million in PoR reserves.”　　Sounds like a rising star in the industry, right？　　But on the other side of the story, blockchain investigator ZachXBT publicly called out Toobit, saying that “Toobit has never publicly disclosed any details about its co-founders, legal entity, or licenses.” ZachXBT also criticized the platform for listing the known investment-fraud project BDAG.　　TradersUnion gave Toobit a security score of just 5.5/10, stating that it is “not regulated by Tier-1 regulators.” CoinPaprika explicitly labels Toobit as “not MiCA compliant.” Users have complained about cases such as “$5,000

09-24گہرا غوطہ

Coinbase CEO Brian Armstrong Calls for Transparency in Bank

Coinbase CEO Brian Armstrong recently stated that banks should not lend out customer deposits without obtaining the depositors explicit consent. His comments, made in an interview, critique traditional banking practices as remnants of the fractional reserve system and signal a call for increased transparency in financial dealings. This perspective raises important questions about customer rights and the future of banking practices in a rapidly evolving financial landscape. source　　What Happened　　The broader crypto market is currently experiencing mixed signals, reflecting varying momentum across major assets. Within this context, Armstrongs comments resonate deeply with ongoing discussions about the stability and transparency of banking operations. He pointed out that regulated stablecoins, potentially backed by eligible assets under the proposed GENIUS Act, could offer lower risks compared to traditional bank deposits. Such insights may shift investor sentiment towards more innovative financial instruments.　　What the Data Shows　　Currently, no specific market data is available regarding Coinbase‘s price or trading volume. However, Armstrong’s assertions about deposit practices are likely to engage traders and investors who are increasingly scrutinizing the regulatory landscape. As concerns about banking transparency grow, the implications for the crypto market and stablecoin adoption could be significant.　　Coinbase operates as a leading cryptocurrency exchange, providing services that facilitate

09-24

Cardano proposal slashes fees by 55%, but it comes with a cost for small pools

A new Cardano governance action proposes cutting the minimum from 170 ADA to 75 ADA, this time without the Plutus memory-limit change that brought stake pool operators into the previous ballot.　　Related Asset Cardano #14 ADA · $0.24 24-hour change: down 6.07% Loading price history… 24H Down 6.07% 7D Up 22.13% 30D Up 5.25%　　The proposal drops one voting requirement that stopped the earlier action. Approval is pending, and each pool would still set its own declared fee.　　Delegators in a small pool can lose a large share of a thin epoch reward to its fixed charge before their share is calculated. Meanwhile, operators rely on that charge for income, and those with little delegated stake already face uneven block production.　　A lower floor would give them more room to compete on price, while leaving each operator to decide whether to use it.　　A different ballot leaves the reward question open　　The earlier action paired the same pool-cost reduction with higher Plutus memory limits. It expired on Sept. 1 after DRep yes votes reached 68.6%, above the 67% threshold, and five of seven Constitutional Committee members voted yes.　　Stake pool operator support reached only 34.5% of counted stake, short of the required 51%. The memory-limit component made

09-24انڈسٹری

21Shares Launches First European Zcash ETP Alongside ether.fi Product

European asset manager 21Shares listed physically backed exchange-traded products tracking Zcash (ZEC) and ether.fi ($ETHFI) on Euronext Paris and Amsterdam on September 22, extending regulated European access to the privacy coin weeks after its U.S. debut. The 21Shares Zcash ETP, which trades under the ticker ZCASH, is the first European exchange-traded product tied to the privacy-focused cryptocurrency, while the ether.fi ETP, ticker $ETHFI, tracks the governance and utility token of the liquid restaking protocol.　　What the two products hold　　Both products are physically backed, meaning the issuer holds the underlying cryptoassets with institutional custodians rather than replicating returns through derivatives. The Zcash product carries ISIN CH1608218801 and the ether.fi product ISIN CH1608218819, according to 21Shares product pages. Each charges a 2.5 percent annual product fee and trades in euros in Paris and U.S. dollars in Amsterdam. The key information documents name custodians that include Coinbase Custody, Zodia Custody, Anchorage Digital and BitGo, with BitGo listed as the custodian in the current product documentation.　　The Zcash ETP follows the U.S. ETF　　The listing extends Zcashs reach into European regulated markets weeks after Grayscale brought a Zcash ETF to NYSE Arca, giving the privacy coin listed investment vehicles on both sides of the Atlantic. Zcash offers

09-24

Bitcoin slips below $85,000 as 5% Treasury yield returns to haunt risk assets

Bitcoin fell below $85,000 on Sept. 23 after stronger-than-expected US business activity sent Treasury yields higher and flushed leveraged longs.　　Related Asset Bitcoin #1 BTC · $84,481.29 24-hour change: down 1.98% Loading price history… 24H Down 1.98% 7D Up 11.13% 30D Up 7.12%　　The reversal broke the momentum behind a rebound that had accelerated as Bitcoin pushed through a large concentration of short positions earlier this week.　　Selling intensified after S&P Global released its September flash purchasing managers indexes. Within an hour, $135.8 million of crypto positions were liquidated, according to CoinGlass, with longs accounting for $125.9 million. Bitcoin accounted for $47.4 million of the wipeout, and Ether another $23.9 million.　　Over the past 24 hours, losses total $510 million across 122,256 traders, with long traders losing $363.83 million.　　The reaction reflected how quickly the rate backdrop turned against a market positioned for further upside. The latest economic data showed US growth accelerating as businesses reported renewed cost pressures, strengthening the case for interest rates to remain elevated.　　Hot US growth sends Treasury yields above 5%　　S&P Globals composite PMI climbed to 58.4 in September, its highest level in more than five years, while the services index rose to 58.7 and manufacturing reached 57. All three readings

09-24انڈسٹری

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