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Knaken creditors face losses after €2.2M crypto sale

Dutch prosecutors sold the remaining cryptocurrency seized from failed trading platform Knaken for €2.2 million, giving its bankruptcy estate its first known pool of funds for creditor claims.　　Court appointed trustee Carl Hamm told regional broadcaster Rijnmond that the proceeds were currently the estates only available money. He warned that thousands of customers should limit their expectations of recovering their full balances.　　The sale followed Knaken‘s bankruptcy on July 16. Prosecutors are conducting a criminal investigation into possible offenses connected with the platform’s finances, while Hamm is separately reviewing its assets, liabilities and management.　　Knaken customers face a large recovery gap　　Hamm contacted about 6,300 people who had held positions on Knaken in the recent past. His estimate places the total amount invested through cryptocurrency positions, certificates and customer loans between €10 million and €12 million.　　The €2.2 million generated from the asset sale would cover only part of that estimate before bankruptcy costs and the treatment of different creditor classes. Hamm has not published a projected recovery percentage or a distribution date.　　Dutch Public Prosecution Service Sold the remaining #Cryptocurrency held by the bankrupt crypto platform Knaken for €2.2 million. The proceeds will go toward paying creditors pic.twitter.com/fw5njnABtE　　As crypto.news previously reported, a Rotterdam court declared

08-17انڈسٹری

Regulated vs Registered Crypto Exchange: Key Differences

A registered crypto exchange has entered information in a government or regulatory system. A regulated exchange operates under rules and supervision that apply to a named legal entity and specific activities. The terms overlap in everyday marketing, but they are not interchangeable. A basic company record or anti-money-laundering registration does not prove that an authority has approved the exchanges investments, custody or financial condition.　　The useful question is never simply “Is this exchange registered？” It is: Which company appears in which official database, for what service, in which country, with what current status？Four records that are often confusedRecordWhat it usually establishesWhat it usually does not establishCompany incorporationA legal company was formedFinancial-services permission or active supervisionTax or business registrationThe business entered an administrative systemAuthority to hold customer money or cryptoAML or VASP registrationThe entity has anti-money-laundering obligations within a stated scopePrudential safety, investment approval or deposit insuranceFinancial-services licenceThe entity may conduct named activities under defined conditionsPermission for every affiliate, website, country or product　　The strength of a record depends on the local law. Some virtual-asset registrations require fit-and-proper checks, governance and safeguarding controls. Others focus mainly on AML reporting. The database entry and governing legislation reveal more than the badge displayed on the

08-17گہرا غوطہ

Crypto Exchange Withdrawal Problems: 8 Actions to Take

A crypto withdrawal can fail at three different stages: before the exchange broadcasts it, while the transaction waits on the blockchain, or after the blockchain confirms it but the receiving service has not credited it. The fastest solution comes from identifying the stage first. Repeatedly submitting new withdrawals—or paying an unknown person to release funds—can make the situation worse.　　Start by preserving the withdrawal ID, asset, network, amount, address, memo or tag, time and any transaction hash. Do not publish unredacted account screenshots. Then follow the actions below in order.1、Identify the exact withdrawal status　　Open the exchanges withdrawal history from a verified bookmark or official app. Common statuses include pending approval, processing, completed, rejected, cancelled and awaiting confirmation. The wording varies, but the presence of a transaction ID or hash is the key dividing line.　　If there is no transaction hash, the exchange probably has not broadcast the transfer. The delay may involve a security hold, identity review, wallet maintenance, liquidity management or an internal processing queue. A block explorer cannot find a transfer that has not been sent.　　If a transaction hash exists, copy it directly rather than typing it. A legitimate hash is a long string tied to the selected network. Search

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Regulated Crypto Exchanges in the US: How to Compare Them

A regulated crypto exchange in the US is not defined by one universal federal licence. A platform may register with the Financial Crimes Enforcement Network, hold money-transmitter licences in individual states, obtain a New York BitLicense, or operate a derivatives market regulated by the Commodity Futures Trading Commission. Each status covers different activities, and none by itself guarantees that customer crypto is insured or risk-free.　　For US residents, the best comparison starts with the exact legal entity and state—not the logo. Coinbase, Kraken, Gemini and other well-known brands do not offer identical products in every state. A platform that can transmit money may still lack authority to offer a particular security, futures contract or interest-bearing product.What “regulated” means for a US crypto exchange　　US crypto oversight is divided by activity. The same company can answer to several agencies while a particular token or service remains outside familiar investor-protection systems.StatusMain purposeWhat it does not proveFinCEN MSB registrationBank Secrecy Act obligations, AML controls and reportingSolvency, investment approval or customer reimbursementState money-transmitter licencePermission to conduct covered transmission activity in that stateApproval of every token or trading productNew York BitLicenseNYDFS supervision of licensed virtual currency business activityThat the platform serves every state or that crypto is

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September Fed interest-rate increase is 'very unlikely,' Goldman Sachs says

SummaryGoldman Sachs said a September Federal Reserve interest-rate increase is “very unlikely.”The banks chief economist, Jan Hatzius, said inflation is likely to keep improving, and current market expectations for the federal funds target rate remain too hawkish.Bitcoin is trading around $63,600, up about 1% today.　　“Very unlikely.”　　Thats how Goldman Sachs described the chances of a September Federal Reserve interest-rate increase, which provides a potential major tailwind for bitcoin , which has traded in a narrow range since early July.　　The cryptocurrency is currently priced around $63,500, a 1% gain since midnight UTC. The price has remained firmly locked within the $62,000–$66,000 range that has been in play for over a month.　　Goldman lowered the odds in response to a string of soft economic data, specifically retail sales, a key barometer of consumption, and employment figures alongside slowing inflation, Chief Economist Jan Hatzius told clients, according to Bloomberg.　　“Under our baseline economic forecasts, the inflation news is more likely to improve further than to deteriorate anew as the year progresses,” Hatzius wrote in a note Sunday. “We still think market pricing for the funds rate is too hawkish.”

08-17انڈسٹری

Binance vs Coinbase: Fees, Safety and Access Compared

Binance is usually the stronger choice for active traders who want low fees, deep global liquidity and a large selection of markets. Coinbase is generally easier for US customers who value simple dollar funding, public-company disclosures and a platform operating under US state licences. Neither exchange is safer in every situation: the applicable company, country, product and custody arrangement matter more than the brand name alone.　　On August 14, 2026, CoinMarketCap ranked Binance first and Coinbase Exchange second among spot exchanges. Binance showed roughly $5.36 billion in 24-hour spot volume, compared with about $757 million for Coinbase at that snapshot. These figures change throughout the day, but they show why Binance often offers tighter execution across a broader range of assets.Binance vs Coinbase at a glanceCategoryBinanceCoinbaseFounded20172012Main strengthGlobal liquidity, broad markets and low spot feesUS access, simple fiat funding and public financial reportingStandard advanced spot feeCommonly 0.10% maker and taker before discountsUp to 0.40% maker and 0.60% taker at the lowest volume tierMarkets on the August 14 CMC snapshot2,144513Coins on the same snapshot825405Native tokenBNBNoneUS accessGlobal Binance platform is not for US residents; Binance.US is separateCoinbase serves eligible US customers, subject to state and product limitsPublic companyNoCoinbase Global, Inc. is Nasdaq-listed　　The exchange-wide numbers

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Stripe agrees to buy AI routing startup OpenRouter for over $7 billion

Stripe has reportedly finalized an agreement to acquire AI model-routing platform OpenRouter for more than $7 billion, months after the startup was valued at $1.3 billion in its latest funding round.　　Bloomberg reported on Sunday that Stripe had reached a deal to buy OpenRouter, citing people familiar with the matter, while TechCrunch later reported the transaction and noted that Stripe had not formally announced the acquisition.　　A Stripe spokesperson declined to confirm the deal, telling TechCrunch that the company “does not comment on rumors or speculation.” The reported agreement therefore remains unconfirmed by Stripe or OpenRouter despite multiple reports that negotiations have concluded.　　OpenRouter gives developers a single interface for accessing hundreds of artificial intelligence models from providers including OpenAI, Anthropic, Google and DeepSeek. Developers can move workloads between models without rebuilding their integrations, while its system also manages billing, routing and fallback providers when services become unavailable.　　The model has turned OpenRouter into a fast-growing layer between AI developers and the companies supplying the underlying models. OpenRouter currently lists more than 500 models and over 80 providers under its paid plans, according to its website.　　CEO Alex Atallah has previously described the service as the “Stripe for AI,” comparing its single integration for multiple

08-17انڈسٹری

Ripple mints 10 million RLUSD as supply hits 1.71B

Ripple minted 10 million Ripple USD tokens on the XRP Ledger on Aug. 17, completing another large issuance transaction as the stablecoins circulating supply reached approximately 1.711 billion.　　SummaryRipple minted 10 million RLUSD on XRPL on Aug. 17, according to public ledger records.CoinGecko placed circulating supply near 1.711 billion, with market capitalization around $1.71 billion Monday morning.The transaction cost 0.000405 XRP and used two authorized signers for approval before settlement completion.Ripple Mint lets approved institutions issue, redeem, bridge and monitor RLUSD through interfaces and APIs.One mint does not independently prove new institutional demand, market deployment, or purchases of XRP.　　Public data cited by XRPScan showed that Ripples issuer account transferred the tokens to a designated RLUSD destination account. The transaction cost 0.000405 XRP, used two authorized signers and recorded a maximum delivery amount of 10 million RLUSD.　　Ripple did not identify the receiving customer or disclose the tokens intended use. The transaction confirms issuance, but it does not independently support claims that “institutional demand grows.”　　You might also like:　　Ripple mints $10M RLUSD as XRP whales add 380M　　RLUSD mint does not confirm customer demand　　A stablecoin mint creates tokens on a blockchain. It does not prove that the tokens immediately entered exchanges, payment channels or institutional

08-17انڈسٹری

Bitcoin nears $64,000 in Asia morning hours as HYPE jumps 8% on the week

SummaryBitcoin hovered around $63,600 in Asian trading, little changed on the day and lower on the week, as cryptocurrencies stayed stuck in a tight range despite a softer dollar and reduced expectations for Federal Reserve rate hikes.Hyperliquids HYPE token was the standout performer, gaining more than 3 percent on the day and nearly 9 percent over the week, while other major tokens such as ether, solana and XRP saw modest moves and mostly weekly declines.Analysts say fading optimism, weaker exchange-traded fund inflows and uncertainty ahead of this weeks Fed minutes and a White House crypto meeting are keeping crypto markets subdued despite a more supportive macro backdrop.　　Bitcoin neared the $64,000 mark in Asian morning hours Monday, up half a percent on the day but down almost 3% over the week, as a softer dollar and fading rate-hike bets failed to lift crypto out of its recent range.　　Hyperliquids HYPE was the standout, up over 3% to $59 and almost 9% on the week, the only major with a meaningful weekly gain. Ether rose over 1% to just under $1,900 but is down 1% over seven days.　　Dogecoin added almost 1% to 7 cents, tron under half a percent to just over 33

08-17انڈسٹری

Duquesne buys into HYPE treasury firm with $23M position

Duquesne Family Office has disclosed a $23 million position in Hyperliquid Strategies Inc., giving Stanley Druckenmillers investment office indirect exposure to HYPE through the Nasdaq-listed digital asset treasury company.　　SummaryDuquesne Family Office disclosed a new $23 million stake in Hyperliquid Strategies.The Nasdaq listed company holds millions of HYPE tokens as part of its digital asset treasury strategy.Duquesnes former partner Kevin Warsh became Federal Reserve chairman in May 2026.Warsh disclosed more than $100 million in assets before his confirmation.　　The SEC filing for the second quarter of 2026 showed Duquesne held shares of Hyperliquid Strategies, which trades under the ticker PURR, as of June 30, with the position appearing in the family offices portfolio for the first time.　　The disclosure adds Duquesne to the institutional investors gaining exposure to Hyperliquid through publicly traded shares instead of purchasing the protocols HYPE token directly. Hyperliquid Strategies operates as a digital asset treasury company built around accumulating and managing HYPE.　　Fintel data based on the filing also lists PURR as a new Duquesne position, accounting for roughly 0.44% of the investment managers reported portfolio.　　Duquesne adds Hyperliquid Strategies to its portfolio　　Hyperliquid Strategies has built one of the largest corporate HYPE holdings since establishing its digital asset treasury business.　　As crypto.news

08-17انڈسٹری

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