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Crypto & Web3CoinDesk ·

Former Hack VC Partner Hsin-Ju Chuang Found Dead in California Desert

Hsin-Ju Chuang, a 37-year-old growth executive and former partner at Hack VC, has been found dead in a remote California desert. Her body was discovered inside a vehicle in an undisclosed desert location. Chuang had recently been involved in a public dispute with Hack VC prior to her death. The crypto community is seeking answers and clarity surrounding the circumstances of her passing. No further details about the cause of death have been publicly confirmed at this time.

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Crypto & Web3CoinDesk ·

Trump Crypto Adviser Hits Back at Democrats Over President's Digital Asset Ties

Patrick Witt, President Donald Trump's cryptocurrency adviser, has publicly defended the president's involvement in the crypto industry. Witt accused Democrats of deliberately weaponizing Trump's crypto connections for political gain. His remarks came in the wake of the defeat of the Clarity Act, a piece of legislation relevant to digital asset regulation. The adviser argued that the opposition's focus on Trump's crypto ties was an unfair political tactic rather than a substantive policy concern.

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Crypto & Web3CoinDesk ·

FBI Hosts Annual Crypto Crime Intelligence Exchange for Law Enforcement

The FBI runs a recurring gathering called the Virtual Asset Technical Exchange focused on crimes involving digital assets. The event brings together investigators, law enforcement officials, and crypto-security specialists under one roof. Participants share intelligence across a wide range of cryptocurrency-related criminal activity. The forum serves as a collaborative platform to strengthen investigative capabilities in the fast-evolving digital asset space.

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Crypto & Web3CoinDesk ·

Tron Processes Up to $190 Billion in Weekly Stablecoin Transfers, Analyst Explains

Tron, originally launched as a content-distribution platform, has evolved into a major settlement layer for USDT stablecoin transactions. The blockchain network now processes approximately $150 billion to $190 billion worth of stablecoin transfers every week. Josh Olszewicz of Canary Capital has analyzed how Tron's network economics underpin this activity. He also examined how potential stablecoin regulation could affect the investment case for the network.

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Crypto & Web3CoinDesk ·

Bitcoin and Ether See $18B in Options Expire Friday, Volatility Expected

Nearly $18 billion worth of Bitcoin and Ether options contracts are set to expire on Friday. The large settlement is described as 'call-heavy,' meaning more bets were placed on rising prices. This significant expiry could alter how dealers hedge their positions in the market. The event has the potential to influence short-term price volatility for both cryptocurrencies.

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Crypto & Web3CoinDesk ·

MoonPay Acquires SEC-Registered North Capital in $60M All-Stock Deal

Crypto payments firm MoonPay has announced plans to acquire North Capital, a company registered with the U.S. Securities and Exchange Commission, in an all-stock deal valued at $60 million. The acquisition marks a significant move by MoonPay into the regulated securities space. CEO Ivan Soto-Wright stated the deal is aimed at advancing the mainstream adoption of tokenized real-world assets. By bringing North Capital's regulatory credentials under its umbrella, MoonPay seeks to strengthen its position in the growing market for blockchain-based asset tokenization.

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Crypto & Web3CoinDesk ·

Bitcoin Dips Below $86K as Bitcoin Cash and Zcash Rally

Bitcoin failed to break past the $87,300 resistance level, retreating below $86,000 after encountering selling pressure similar to Monday's session. Meanwhile, Bitcoin Cash surged approximately 28% following the announcement of its listing on CME futures. Zcash also posted notable gains, rising around 9% during the same period. The movement suggests traders rotated capital from Bitcoin into altcoins amid the latest market session.

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Crypto & Web3CoinDesk ·

Bitcoin Holds Near $86,000 as Market Rally Loses Breadth

Bitcoin consolidated around $86,000 as momentum in the broader crypto market began to narrow. Data from the CoinDesk 100 index showed 38 out of 100 constituent assets trading lower on the day. Bitcoin Cash stood out as a notable exception, surging approximately 32% over a 24-hour period. The rally in Bitcoin Cash was driven by news of a CME futures listing for the asset. Meanwhile, oil markets also saw pressure, with Brent crude slipping below $100.

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Crypto & Web3CoinDesk ·

BitMEX Ceases Trading After 11 Years, Withdrawals Still Available

BitMEX, the cryptocurrency exchange co-founded by Arthur Hayes, has officially shut down operations after 11 years in business. The platform has halted all trading activity and suspended new deposits as part of its wind-down process. BitMEX is credited as a pioneer of perpetual futures contracts in the crypto industry. Users who still hold funds on the platform retain the ability to log in and withdraw their assets during the ongoing closure.

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Crypto & Web3CoinDesk ·

FTX and Alameda Wallets Transfer $75M in Ether to Wintermute

Wallets linked to collapsed exchange FTX and its sister firm Alameda Research have transferred approximately $75 million worth of ether to crypto market maker Wintermute. The movement was identified and reported by onchain analysts PeckShield and EmberCN. The funds were traced to a wallet associated with Wintermute, though the exact purpose of the transfer remains unclear. Neither a sale nor any other specific reason for the transaction has been officially confirmed by the parties involved.

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Crypto & Web3CoinDesk ·

BlackRock sees AI agents using stablecoins to autonomously buy compute and data

BlackRock, the world's largest asset manager, predicts that AI agents will soon independently purchase computing power and data using stablecoins. The firm identifies payments as the most immediate opportunity in this space, viewing it as more mature than other potential use cases. Markets for computing capacity, while promising, are still considered to be at an early stage of development. The prediction underscores growing institutional interest in the intersection of artificial intelligence and digital assets.

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Crypto & Web3CoinDesk ·

Coinbase Launches Fixed-Rate Bitcoin-Backed USDC Borrowing for Users

Coinbase has introduced a new lending feature that lets users borrow USDC, a US dollar-pegged stablecoin, using their bitcoin holdings as collateral. The loans come with a fixed interest rate and a set repayment date, offering users greater financial predictability. This move expands Coinbase's suite of financial products by bridging crypto asset holdings with stablecoin liquidity. The feature gives bitcoin holders access to funds without requiring them to sell their crypto assets.

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Crypto & Web3CoinDesk ·

XRP Ledger Retries Upgrade to Separate Bank Payment and Compliance Functions

The XRP Ledger is making another attempt at a network upgrade aimed at improving how financial institutions manage operations. The update would allow businesses to delegate limited powers — such as processing payments or onboarding customers — to a separate account. Crucially, this can be done without granting that account full control over the primary account. The upgrade is expected to activate on October 5 if the retry succeeds.

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Crypto & Web3CoinDesk ·

Solana Tests Alpenglow Upgrade to Slash Transaction Finality to 150ms

Solana has begun testing a major protocol upgrade called Alpenglow that aims to dramatically reduce transaction finality times. The upgrade would cut finality from the current 12.8 seconds down to just 150 milliseconds. This near-instant settlement would allow exchanges, bridges, and merchants to treat payments as irreversible almost immediately after they are made. The development marks a significant step toward making Solana more competitive for real-time payment use cases.

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Crypto & Web3CoinDesk ·

Bitcoin Posts 10% September Gain, Eyes Rare Three-Month Winning Streak

Bitcoin has recorded a 10% gain in September, putting it on course for a three-month consecutive winning streak. Such a sustained run of monthly gains has not been seen since 2012, making it a historically rare occurrence. The milestone highlights a period of sustained positive momentum for the world's largest cryptocurrency. If the gains hold through the end of September, it would mark a significant bullish signal for Bitcoin markets.

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Crypto & Web3CoinDesk ·

Zcash Surges 10% to Lead Crypto Gains as Bitcoin Holds Around $87,000

Zcash outperformed major cryptocurrencies with a 10% gain while Bitcoin held steady near $87,000. Broader market sentiment was supported during the Asian trading session as falling oil prices helped ease inflation concerns. On the legislative front, a U.S. bill aimed at making the government's Bitcoin stockpile permanent advanced further through Congress than any similar proposal has before. The combination of easing macro pressures and positive regulatory momentum contributed to the day's crypto market activity.

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Crypto & Web3CoinDesk ·

CFTC Warns of Manipulation Risks in Prediction Markets Tied to Individuals

The U.S. Commodity Futures Trading Commission (CFTC) has issued a new advisory highlighting risks associated with so-called 'mention markets' on prediction platforms. These markets are based on the behavior or actions of specific individuals, making them particularly vulnerable to manipulation and cheating. The regulator flagged that such markets present unique dangers not commonly found in traditional financial instruments. The advisory signals growing regulatory scrutiny of prediction market platforms as they expand in scope and popularity.

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Crypto & Web3CoinDesk ·

Lummis Blames Democrats for Blocking Crypto Clarity Act in Senate

Senator Cynthia Lummis publicly blamed Democrats for the failure of the Crypto Clarity Act following last week's Senate vote. In her first comments since the bill's defeat, Lummis accused Democrats of letting opposition to Donald Trump override their support for crypto legislation. The bill, which aimed to provide regulatory clarity for the cryptocurrency industry, failed to advance in the Senate. Lummis urged the crypto industry to hold Democrats accountable for the outcome.

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Crypto & Web3CoinDesk ·

White House Says Crypto Market Structure Rules Rest With Regulators, Not Congress

White House and U.S. Treasury officials have indicated that regulatory agencies, rather than Congress, will be responsible for advancing crypto market structure policy. Officials acknowledged some optimism that the Clarity Act could resurface during Congress's post-election lame-duck session, but downplayed those expectations. The stance suggests the administration is not counting on legislative action in the near term to bring clarity to digital asset markets. Instead, the burden of establishing a clearer framework for cryptocurrencies is being placed on existing financial regulators.

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