Researchers Publish 'Zcash-Style' Design for Private Bitcoin Transfers

In briefResearchers at [[alloc] init] have published a specification for Shielded Bitcoin, a protocol for private transfers on the Bitcoin base layer.The design borrows Zcashs encrypted notes and zero-knowledge proofs, and requires no changes to Bitcoins consensus rules.Mechanisms for moving BTC into and out of the shielded system are not covered and are due in a separate paper.  Researchers at Bitcoin cryptography developer [[alloc] init] have published a design for “ZCash-style” private transfers that would hide the sender, recipient and amount of a payment while running on the existing Bitcoin network.  The 56-page paper, dated September 24, 2026, is written by Clara Shikhelman, Mikhail Komarov and Aleksei Moskvin.  The team has “put a lot of work into thinking carefully about the security of Shielded Bitcoin and about what information the protocol reveals,” Shikhelman tweeted. Komarov called it “ZCash-style privacy on the Bitcoin L1 via PIPEs v2.”  ZCash-style privacy on the Bitcoin L1 via PIPEs v2.  Scott Odell, chief operating officer of [[alloc] init], tweeted that the firm had been “cooking on this for quite a while,” and described it as a contribution to making Bitcoin “private, without changing Bitcoin.”  Value in Shielded Bitcoin is held as encrypted “notes,” and each transfer carries a zero-knowledge proof that

09-25انڈسٹری

Solana DEX volume spike hides circular trades, and automated bots are blamed

Bitquery flagged $117.7 billion in Solana DEX trades in a 30-day sample, where repeated round trips supplied much of the recorded turnover. The blockchain data companys Sept. 24 reconstruction challenges using gross volume as a stand-in for demand from independent traders.  Related Asset Solana #7 SOL · $119.37 24-hour change: up 2.78% Loading price history… 24H Up 2.78% 7D Up 7.69% 30D Up 24.21%  It leaves a question of how much an outside user could actually trade at a useful price in the same pools.  From Aug. 24 through Sept. 22, Bitquery examined $201.4 billion in trades it could value in dollars across Solana pools it indexes. Its rules classified 58.4% of that sample as circular or botlike, and about $111.6 billion of the flagged amount (95%) involved buying and selling the same token through the same pool inside one transaction, according to its Solana analysis.  One Sept. 14 example shows how the number can grow. A wallet bought a token named Claude from a PumpSwap pool, while a second wallet sold nearly as many units back to that pool inside the same transaction.  Bitquery found that both signed it, and the two pool trades recorded about $2,000 of volume. The token name does not

09-25انڈسٹری

Crypto outlook clouded by 5.2% Treasury yield and stalled US bill

The US 10-year Treasury yield has reached 5.2% during trading, raising questions about whether crypto can hold its recent gains while another Federal Reserve rate hike remains possible and a major US digital asset bill is stalled.  SummaryThe 10-year Treasury yield reached 5.2% during trading on Sept. 24 as oil prices rose and Fed officials kept another rate hike in view.Bitcoin traded near $84,000 after retreating from $87,000, while recent ETF inflows showed that demand had continued despite higher yields.The Senate has yet to advance the CLARITY Act, leaving crypto firms waiting for legislation as the SEC and CFTC pursue separate rules.  The US Treasury recorded a 10-year yield of 5.18% on Sept. 24, up from 5.11% a day earlier. The 30-year yield closed at 5.47%, its highest level since 2004. The 10-year yield reached 5.20% during the session before ending below that level.  Bitcoin traded around $84,000 after retreating from the $87,000 area earlier in the week. The pullback has been limited so far, but higher bond yields have arrived at a time when investors are watching whether recent buying through US spot Bitcoin funds will continue.  Why are Treasury yields rising?  Oil prices climbed on Sept. 24 after a Houthi missile attack on

09-25انڈسٹری

Payy bridge exploit freezes crypto cards, and no balances remain safe

Payy has frozen its stablecoin payment network, including card transactions, after saying its Ethereum bridge contract was exploited and drained on Sept. 24.  Its announcement covers deposits, withdrawals, transfers, and card purchases, leaving the ordinary ways to move or spend funds through Payy unavailable while the company investigates.  Payys statement puts the bridge incident at 4:21 a.m. UTC. It said all Payy Network transactions were paused during the investigation and promised further updates. Because the pause includes the card, the interruption extends beyond stablecoin transfers and into purchases made through the app.  Related Asset Ethereum ETH · $2,675.67 24-hour change: down 0.25%  A transaction on Ethereum occurred at block 26044909 at 4:21:23 a.m. UTC in which 1,832,149.4681 USDC left a Payy rollup contract. The companys statement did not specify a USDC amount or identify a transaction hash, so the reported transfer measures one contract outflow while the total scope remains open.  Related Asset USDC USDC · Stablecoin  A fuller loss figure depends on Payys accounting of the bridge beyond the movement visible in that single reported transaction.  Payys customer exposure remains unclear  Payys description of the bridge being drained of its full balance refers to that contract.  The Sept. 24 statement supplied no breakdown of the drained balance or

09-25انڈسٹری

Bitcoin leaves Binance at fastest daily pace in three years

Bitcoin has seen its largest single day net outflow from Binance since 2023, with more than 13,800 BTC leaving the exchange as the cryptocurrency holds above $84,000 following its latest rally.  CryptoQuant analyst Darkfrost said on Sept. 25 that withdrawals have dominated recent activity on Binance, which holds around 30% of the Bitcoin available across exchanges accessible to different types of investors.  Binance sees record Outflows since 2023 amid Bitcoin FOMO ????  Bitcoin has entered a bullish dynamic thats different from previous rebounds. Since its high in July, BTC has delivered a performance of roughly 45%. This rally notably broke through an important structural point,… pic.twitter.com/jIqyIvdKXt  — Darkfost (@Darkfost_Coc) September 25, 2026  The seven day average netflow has fallen to roughly negative 2,000 BTC, while Binance recorded more than 13,800 BTC in net withdrawals during the latest daily reading. The analyst described it as the exchanges largest net outflow day in three years.  Binances Bitcoin reserves fell from around 705,000 BTC to 685,000 BTC over four days, removing roughly 20,000 BTC from the exchange during that period.  CryptoQuants chart showed the latest outflow reaching levels last seen in 2023. Bitcoin was trading near $84,300 when the data was recorded, having climbed roughly 45% from its July levels.  Bitcoin

09-25انڈسٹری

Tether says EQIBank exposure below 0.034% after U.S. seizure

Tether has confirmed that it holds assets at offshore banking partner EQIBank, while saying the exposure represents less than 0.034% of group assets as the bank contests a major U.S. seizure.  The Information reported that Dominica-licensed EQIBank had provided banking services to Tether, including processing wire transfers connected with purchases and redemptions of USDT. Tether confirmed the relationship in a written response and said it did not know about the conduct U.S. prosecutors have alleged against payment provider Capstone Ltd.  Exclusive: Tether has some funds stuck at one of its offshore banking partners, which is facing liquidation risks after U.S. seizure of assets.  Tether said its assets held at the bank, EQIBank, are limited and represent less than 0.034% of its assets.   Story with…  — Yueqi Yang (@Yueqi_Yang) September 24, 2026  “Tether had no knowledge of the conduct by Capstone alleged by the Department of Justice,” a Tether spokesperson told The Information. The company said assets held at EQIBank were limited to “less than 0.034% of the assets of the group.” Tether did not disclose the exact dollar amount.  Tether says its EQIBank exposure remains limited  Applying Tether‘s 0.034% ceiling to its latest published quarterly asset total provides only an upper-bound reference, not a disclosed deposit balance.

09-25انڈسٹری

KelpDAO sues LayerZero over $292M rsETH exploit

KelpDAO has sued LayerZero and co-founder Bryan Pellegrino in British Columbia over the April 18 exploit that drained 116,500 rsETH worth approximately $292 million.  KelpDAO said on September 24 that Evercrest Technologies Inc., the legal entity behind Kelp, filed the action to address what it describes as failures connected to LayerZero‘s infrastructure. Kelp’s current terms identify Evercrest Technologies Inc. as the company providing the Kelp application.  Today we filed a lawsuit against LayerZero and its co-founder, Bryan Pellegrino, to right the wrongs associated with the exploit of rsETHs LayerZero bridge earlier this year. For more details, please refer to the statement below.https://t.co/gPQTPeM0Zh  — Kelp (@KelpDAO) September 25, 2026  The complaint, according to KelpDAOs public account, alleges that LayerZero failed to disclose weaknesses and risks in its technology and failed to stop attackers from penetrating security infrastructure used by its verifier. No court has ruled on those allegations.  Pellegrino disputes the case. He called the claims “meritless” and said he would defend himself and LayerZero in Vancouver. Current reporting confirms the civil claim names both LayerZero and Pellegrino personally.  KelpDAO says LayerZero approved its bridge setup  KelpDAO‘s case centers partly on the configuration of the rsETH bridge. The protocol says LayerZero had reviewed and approved its deployment and

09-25انڈسٹری

Indian Rupee cushioned by RBIs likely intervention, outlook remain fragile

The Indian Rupee (INR) gains a temporary ground against the US Dollar (USD) on Friday after remaining under pressure in the past few days. The USD/INR pair struggles to extend gains above 95.96 on the likely Reserve Bank of Indias (RBI) intervention.  According to a Reuters report, Indias central bank likely sold US Dollars before the ‌local spot market opened on Friday, four traders told, helping the Indian rupee hold ⁠stronger than the key psychological 96-per-dollar level.  However, the mild strength in the Indian Rupee appears to be short-lived as United States (US) Treasury Yields continue to rally due to elevated energy prices and Federal Reserves (Fed) higher-for-longer interest rate narrative.  In the opening trade, the MCX Crude Oil contract expiring on October 19 trades 2.3% lower to near Rs. 8,950, but has gained sharply in the last two trading days. Meanwhile, 10-year US Treasury Yields are close to its 19-year high of 5.23% posted on Thursday.  The appeal of riskier assets, such as equities and currencies, like the Indian Rupee, gets diminished, in a high US bond yields environment.  US yields surge as markets reprice Feds rate path  Analysts at MUFG highlight that the “dominant market theme remains the relentless rise in US yields and

09-25انڈسٹری

‘Only hedge funds, retail sold’ — Will BTC sustain rally as Bitcoin ETF flows turn positive?

U.S Spot Bitcoin ETFs have been on a winning streak for the past five days, effectively hauling in $2.65B in net inflows.  The strong demand has flipped the ETF positive on a year-to-date (YTD) basis and lifted BTCs price to an eight-month high of $87K. However, the bullish momentum is still facing renewed bond market pressure and a potential Fed rate hike in October.  Can Bitcoin ETF demand survive macro pressure?  This weeks massive Spot BTC ETF demand turned YTD flows positive with $349M, according to Galaxy Research data.  On Monday alone, the ETF complex attracted $1B in daily inflows. On Tuesday, they hauled in another $714M, with these figures dropping slightly on Wednesday to $346M.  Discover more  Crypto trading course  Blockchain development tools  Digital payment systems  Source: Galaxy Research  Overall, the ETF complex pulled in $2.65B. Out of the $2.65B demand seen over the past five days, BlackRock drove half of the ETF flows.  In fact, even Bloomberg analyst James Seyffart noted that the recent traction could soon help the cumulative flows (aggregate demand since inception) turn positive too.  Since last October, the cumulative flows had dipped by $12B (77.8K BTC). However, the rebound has now erased it by half. The cumulative flows, or total BTC held by the ETF complex,

09-25انڈسٹری

AxLabs releases Simple Agent Wallet for autonomous AI payments across EVM, Solana, Hedera

AxLabs has released its Simple Agent Wallet, a command-line wallet designed for AI agents to autonomously pay for resources across multiple blockchains using the x402 payment protocol, with Neo X as a supported settlement chain. The open-source tool, now at v0.3.1, enables agents to inspect and execute payments without human intervention.  Traditional crypto wallets assume a human is present, with browser extensions that open popups and mobile apps that require a tap to confirm. For AI agents operating programmatically, these interaction models create friction that effectively blocks autonomous commerce. SAW addresses this by providing a wallet built entirely around CLI workflows and scriptable payment flows.  Agent-native design  SAW‘s core workflow follows an inspect-then-pay pattern: saw inspect decodes an HTTP 402 payment requirement so an agent can evaluate the cost and terms, then saw pay --confirm signs and executes the transaction. Private keys are stored locally in a permissions-locked wallet file, and secrets are accepted only through stdin or environment variables, never as CLI flags, which could leak into process lists or shell history. AxLabs said in it’s tweet:  “Agents shouldn‘t have to wait for a human to click ’confirm to get work done.”  The wallet also includes preflight balance checks, optional encryption, and native support

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