crtypto & forex news

TL;DR Binance has begun migrating non-stock crypto assets from Funding Accounts into Spot Accounts. The migration starts September 29 and is expected to continue in stages through January 2027. Funding Accounts will eventually be renamed Stocks Accounts and used primarily for stock and stock-option settlement. Binance has started reorganizing how user balances are stored as it separates ordinary crypto activity from its growing stock-trading infrastructure. Beginning September 29, non-stock crypto assets held in Funding Accounts are being migrated into Spot Accounts. The process will happen gradually rather than all at once. Funding Accounts Are Becoming Stocks Accounts The biggest change comes at the end of the migration. Binance plans to rename Funding Accounts as Stocks Accounts in January 2027. Those accounts will then be dedicated primarily to settlement for stocks and stock options, together with a limited set of supported settlement assets. Binance lists USD, USDC, ...

TL;DR Verona has launched verUSD, a dollar-denominated stablecoin designed around payments made by AI agents. The project says it has more than $100 million in launch commitments from ecosystem investors and partners. verUSD is launching across Ethereum, Solana and several EVM networks rather than beginning on a single chain. A new dollar stablecoin is targeting a payment market that barely existed a few years ago: software agents spending money on their own. Verona launched verUSD on September 28 with more than $100 million in institutional launch commitments. The stablecoin is designed specifically for machine-to-machine and AI-agent payments. verUSD Starts As A Multichain Asset Verona is launching the token across multiple networks from day one. Those include Ethereum, Solana , Polygon, Avalanche, Optimism, Arbitrum and Celo. Additional networks are planned. The project says its ecosystem commitments include participation from Animoca Ventures, Figment Capital, Sfermion...

TL;DR Blockchain.com is reportedly preparing a U.S. IPO that could raise about $500 million. Bloomberg reports the company is discussing a valuation of roughly $4 billion to $6 billion. The plans remain private and could change; Blockchain.com has not announced a final offering size or pricing date. Blockchain.com is reportedly trying to become the next major crypto company to reach the U.S. public markets. The company is discussing an initial public offering that could raise roughly $500 million, according to Bloomberg, citing people familiar with the plans. A potential valuation in the range of $4 billion to $6 billion is being discussed. The Numbers Are Targets, Not Final Terms Blockchain.com has not publicly priced an IPO. There is no final share count, offer price or trading date. The figures currently circulating represent targets being discussed with prospective investors and advisers. Bloomberg reports that the company could accept a smaller capital raise depending...

TL;DR Bybit and Franklin Templeton have launched an off-exchange collateral program for eligible institutional clients. Tokenized money-market fund shares issued through Franklin Templeton’s Benji platform can be pledged while clients trade on Bybit. The structure lets institutions keep collateral in regulated custody rather than moving the assets directly onto the exchange. Bybit is giving institutional traders a way to use tokenized fund shares as collateral without depositing those assets directly onto the exchange. The crypto platform announced a strategic collaboration with Franklin Templeton on September 28, starting with an off-exchange collateral program built around tokenized money-market fund shares issued through Franklin Templeton’s Benji platform. Collateral Can Stay Outside The Exchange The structure is aimed at eligible institutional clients. Rather than transferring all of their collateral into an exchange account, participants can hold qualifying tokenized fu...

TL;DR Tether says assets held with offshore banking partner EQIBank represent less than 0.034% of its total group assets. U.S. authorities are seeking forfeiture of tens of millions of dollars tied to EQIBank payment processor Capstone. Tether says it had no knowledge of the conduct alleged by prosecutors and has not disclosed the exact amount it holds with the bank. Tether is trying to contain concerns around one of its banking counterparties after U.S. authorities seized assets connected with EQIBank’s payment infrastructure. The USDT issuer says its exposure to EQIBank amounts to less than 0.034% of Tether’s total group assets. Based on Tether’s latest reported asset base of roughly $187.75 billion, that percentage would imply a ceiling below approximately $64 million. The company has not disclosed the actual figure. The Seizure Is About EQIBank’s Payment Processor The legal action involves Capstone Limited, a payment processor used by EQIBank to move customer funds throu...

TL;DR Lido DAO Vote #214 has passed with 58.2 million LDO participating in favor. The vote implements Dual Governance V1 parameters, giving stETH holders a new mechanism to contest certain governance actions. The associated emergency governance delay has been extended to 14 days. Lido’s long-running effort to give stETH holders more influence over protocol governance has moved another step forward. Onchain Vote #214 has passed, implementing parameters associated with Lido’s Dual Governance system on Ethereum mainnet. The vote received support from 58.2 million LDO participating tokens. Dual Governance Creates A Second Check On LDO Holders Traditional DAO governance gives voting power to holders of the governance token. For Lido, that means LDO. The complication is that the people economically exposed to the staking protocol are not necessarily the same people holding large amounts of LDO. stETH holders may have substantial value inside Lido while having little direct ab...

TL;DR Ethena is expanding the basis-trade strategy behind USDe into tokenized U.S. equities. Binance bStocks can be used as tokenized spot assets while equity perpetual futures hedge the market exposure. The strategy broadens USDe’s backing model beyond crypto-native basis trades, but it also introduces equity-market and venue-specific risks. Ethena is pushing the trading strategy behind USDe beyond crypto assets and into tokenized stocks. The protocol plans to use Binance bStocks as spot exposure while taking offsetting positions in equity perpetual futures, extending the delta-neutral structure that has historically supported USDe into traditional equity markets. The Basic Trade Is Familiar Even If The Asset Is New Ethena’s model has always depended on balancing long and short exposure. If the protocol holds an asset while shorting a corresponding derivative, directional price movements can largely offset one another. The return comes instead from the economics around tha...

TL;DR Magic Eden says old EVM marketplace approvals left more than $5.7 million worth of NFTs exposed to an exploit in Limit Break’s Payment Processor V2. A whitehat rescue operation moved 23,155 vulnerable NFTs before they could be stolen. Magic Eden says no live listings were affected, but users who interacted with the old marketplace should revoke lingering approvals. An old smart contract can remain dangerous long after the product built around it has disappeared. Magic Eden is dealing with exactly that problem after legacy approvals from its former EVM marketplace left thousands of NFTs exposed to a vulnerability in Limit Break’s Payment Processor V2. The marketplace says more than $5.7 million worth of NFTs were at risk. The Marketplace Was Closed, But The Approvals Were Still Live Magic Eden stopped using Payment Processor V2 in October 2024 and later shut down its EVM marketplace. That did not automatically revoke permissions users had previously granted to the cont...

Kraken has launched Kraken Borrow US for eligible customers in 48 states. Users can borrow against supported assets to buy additional crypto, with total buying power of up to three times eligible collateral value. The product has no fixed repayment deadline or minimum payment, but interest and liquidation risk still apply. **ID:** B25-01 **Site:** Bitcoinist **Status:** READY **Author:** Bitcoinist Editorial Team **Focus Keyword:** Kraken **Image Keyword:** Lending **Category:** Technology **Tags:** Kraken, Borrowing, Crypto, Lending, US **Primary Source:** https://ift.tt/jpn3JMD Borrowing Only Kicks In After Cash Is Used Kraken’s model is designed so a customer’s available cash is spent first. Borrowed funds cover the portion of a purchase that exceeds the user’s USD balance. The amount available depends on the value and eligibility of assets held as collateral, with total buying power reaching as much as three times the value of eligible holdings. Kraken says user...

TL;DR Kamino has opened a lending market for tGBP, a British-pound stablecoin issued by BCP Technologies. Users can supply tGBP or borrow it against collateral including USDC, cbBTC and JitoSOL. The market is curated by Steakhouse Financial and creates sterling-denominated credit on Solana. Dollar stablecoins dominate DeFi , but Kamino is adding a different currency to the mix. The Solana lending protocol has opened a market for tGBP, allowing users to borrow or supply a stablecoin designed to track the British pound. The market is curated by Steakhouse Financial. Sterling Can Now Be Borrowed Against Crypto Collateral BCP Technologies issues tGBP as a token intended to track the pound on a one-to-one basis. The firm is registered as a cryptoasset business with the U.K.’s Financial Conduct Authority. On Kamino, users can supply tGBP to the lending market or borrow sterling-denominated liquidity against supported collateral including USDC, cbBTC and JitoSOL. That creates a...

TL;DR Forward Industries has agreed to sell 3.125 million shares to one institutional investor at $8 each. The registered direct offering is expected to raise about $25 million before fees. The company says it intends to use the net proceeds to acquire additional SOL for its corporate treasury. Forward Industries is going back to the equity market to grow its Solana treasury. The Nasdaq-listed company has entered into a registered direct offering with a single institutional investor, agreeing to sell 3.125 million common shares at $8 apiece. Gross proceeds are expected to come to approximately $25 million before fees and expenses. The Capital Has A Specific Destination: More SOL Forward says it intends to use the net proceeds to acquire additional SOL. That makes the financing unusually straightforward from a crypto perspective. The company is issuing equity, receiving cash and planning to convert the resulting capital into a larger Solana position. Forward describes itsel...

TL;DR WisdomTree has updated SEC registration materials tied to its digital-asset fund expansion. The filing concerns distribution and registration mechanics for tokenized investment products rather than an immediate launch announcement. SEC registration steps should not be described as final approval or effectiveness. WisdomTree is continuing to build out the regulatory plumbing behind its tokenized investment products, updating registration materials tied to its digital-fund strategy. The filing is procedural, but that is exactly why the filing matters. Tokenized securities still have to move through the same legal machinery that governs conventional funds. Tokenization Does Not Remove The Registration Process A blockchain wrapper can change how ownership is recorded or how fund shares move between approved participants. It does not remove securities-law obligations. WisdomTree’s updated registration materials address the framework around offering and distributing to...

TL;DR CleanSpark says its unencumbered Bitcoin holdings have moved above 10,500 BTC. The reserve reflects accumulated holdings rather than one month’s production. The balance-sheet milestone highlights the miner’s strategy of retaining a meaningful share of mined Bitcoin. CleanSpark’s Bitcoin reserve has moved above 10,500 BTC, giving the miner another balance-sheet milestone as large mining companies increasingly behave like a mix of infrastructure operator and Bitcoin treasury vehicle. The figure refers to the company’s unencumbered holdings rather than a single month of mining output. Mining Revenue Is Only Half The Strategy A miner can sell every Bitcoin it produces, convert revenue into cash and operate like a conventional commodity producer. Or it can keep part of that production on the balance sheet and build direct exposure to the asset it mines. CleanSpark has leaned toward the second model. Retaining Bitcoin gives the company more upside wh...

TL;DR BlackRock’s BUIDL tokenized fund reached roughly $552.4 million in assets in the supplied September 22 dashboard data. The product is distributed through Securitize and remains targeted at qualified institutional investors. BUIDL’s AUM should not be confused with retail-accessible stablecoin supply. BlackRock’s tokenized BUIDL fund has moved above $550 million in assets under management, keeping it among the most closely watched institutional real-world-asset products on public blockchains. The September 22 validation snapshot puts AUM at roughly $552.4 million. BUIDL Shows What Institutional Tokenization Looks Like BUIDL is not a consumer stablecoin. It is an institutional fund structure designed to give qualified investors onchain access to a portfolio centered on cash and US Treasury-style assets. Securitize provides the tokenization and transfer infrastructure around the product. That structure matters because it explains why BUIDL is often discus...

TL;DR Lion Group disclosed a treasury position of approximately 195,000 HYPE tokens. The holding is part of the company’s corporate digital-asset strategy. The figure describes treasury ownership, not Hyperliquid exchange volume or user deposits. Lion Group Holding has disclosed a corporate treasury position of approximately 195,000 HYPE tokens, adding another public company to the growing list of firms holding crypto assets beyond Bitcoin and Ethereum. The position was disclosed in a September 21 Form 6-K. HYPE Moves Onto A Public-Company Balance Sheet Hyperliquid has grown into one of the most closely watched decentralized derivatives platforms, and HYPE has increasingly become part of the market’s broader infrastructure trade. Lion Group’s holding brings that token into a different context. Instead of a trading position held by a crypto-native fund or individual wallet , the approximately 195,000 HYPE tokens sit inside a listed company’s treasury st...

TL;DR DeFi Technologies says subsidiary Valour has launched Smart Crypto Fund SP. The product uses an AI-driven strategy from Neuronomics to rebalance exposure among leading digital assets. It is a specialized investment fund product, not a US spot ETF. Valour is putting an AI-driven allocation engine inside a crypto investment fund. Parent company DeFi Technologies disclosed the launch of Smart Crypto Fund SP in a September 21 Form 6-K, describing a strategy that dynamically adjusts exposure among major digital assets. The Fund Uses AI To Change Crypto Exposure The allocation model is supplied by Neuronomics and uses market signals, including volatility , to change portfolio weightings. That makes the product different from a passive index that simply holds a fixed basket. The premise is that exposure can be reduced or shifted when market conditions deteriorate and expanded when the model identifies a more favorable regime. Whether that produces better returns is a separa...

TL;DR US spot Bitcoin ETFs recorded $998.96 million in net inflows for the September 21 session. BlackRock IBIT led with $381.4 million, followed by ARKB at $289.1 million and FBTC at $238.8 million. The figure is a single-day flow total, not cumulative ETF inflows. US spot Bitcoin ETFs came within a rounding error of a billion-dollar inflow day on September 21. The group recorded $998.96 million in net inflows, the largest single-session total of 2026 in the validated data set. Three Funds Drove Most Of The Demand BlackRock’s IBIT led the session with $381.4 million. ARK 21Shares’ ARKB followed with $289.1 million, while Fidelity’s FBTC added another $238.8 million. Together, those three products accounted for the overwhelming majority of the day’s net buying. For Bitcoin traders, that matters because ETF flows are one of the cleaner windows into regulated US spot demand. The products have become a meaningful source of marginal buying and selling...

TL;DR Aave governance is reviewing a proposal to onboard Ethena’s USDe to the V4 core instance on Avalanche. USDe uses LayerZero OFT architecture with a 24-hour timelock and an Ethereum escrow model across 31 networks. USDe is not yet live on Aave V4 Avalanche under this proposal. Aave is moving closer to adding Ethena’s USDe to its V4 core market on Avalanche. The proposal is being handled through a direct-to-AIP path after risk review, putting the synthetic-dollar asset into Aave’s formal governance pipeline. USDe Would Extend Aave V4’s Stablecoin Mix If approved, USDe would become available as collateral in Aave V4’s Avalanche core instance. The asset’s cross-chain design is a key part of the review. USDe uses LayerZero’s OFT architecture, with a 24-hour timelock and Ethereum -based escrow backing across a 31-network mesh. Those mechanics matter because a stablecoin ‘s bridge and issuance structure can create risks that are s...

TL;DR An Aave ARFC proposes higher collateral efficiency for ETH- and Bitcoin-linked assets. The proposal would raise WETH LTV to 81% and liquidation threshold to 84%. The parameters are still under governance discussion and are not yet live. Aave governance is considering whether borrowers should be able to extract more capital against some of the protocol’s largest collateral assets. A new ARFC proposes higher loan-to-value and liquidation -threshold parameters across assets including WETH, WBTC, cbBTC, wstETH and weETH. WETH Could Move To 81% LTV One of the headline changes would take WETH to an 81% loan-to-value ratio with an 84% liquidation threshold. In practical terms, that would allow users to borrow more against the same amount of collateral before reaching the point where liquidation risk becomes critical. The proposal covers deployments across Ethereum , Base and Arbitrum and is framed as a capital-efficiency adjustment based on current risk analysis. Higher...

TL;DR Arbitrum DAO is voting on grant bans for Good Entry, Limitless and APX Finance. The action follows Watchdog cases that recovered roughly 532,000 ARB. The vote remains open through September 23, so the bans are not yet final. Arbitrum DAO is considering formal grant bans for three projects following high-severity cases identified through its Watchdog program. The proposal names Good Entry, Limitless and APX Finance and asks the DAO to prevent the projects from receiving future grants. Watchdog Cases Lead To A Governance Response The proposal follows investigations that resulted in the recovery of roughly 532,000 ARB. That gives the vote a different character from a routine funding proposal. Rather than deciding how to allocate fresh capital, delegates are being asked to set consequences after prior grant-related problems were identified. The Watchdog program exists to monitor grant recipients and investigate cases where milestones, reporting or use of funds raise conce...

TL;DR Optimism Governance is considering Upgrade Proposal 20. The proposal introduces Super Root Dispute Games as part of the OP Stack fault-proof roadmap. A mainnet target of September 24 has been discussed, but the upgrade is not yet live. Optimism Governance is considering another major change to the OP Stack’s fault-proof architecture. Upgrade Proposal 20 introduces Super Root Dispute Games, a component intended to support the next stage of cross-chain verification and interoperability across the wider Superchain. Why Super Roots Matter As the OP Stack expands across multiple chains, proving the state of one rollup is no longer the only problem. Interoperability creates a need to reason about state across several chains at once. Super Roots are designed to provide a shared representation that can be challenged through fault-proof mechanisms. Proposal 20 brings dispute-game infrastructure around that idea into the governance process. The planned mainnet target is S...

TL;DR World Chain activated the Karst upgrade at 12:00 UTC on September 21. Node operators need op-geth v1.101701.0 or newer and op-node v1.16.9 or newer. End users do not need to take any action. World Chain has completed its Karst network upgrade, putting new OP Stack software requirements into effect for node operators. The activation was scheduled for 12:00 UTC on September 21 at Unix timestamp 1789992000. Older Nodes Can Fall Out Of Consensus The practical impact is concentrated on infrastructure operators. World Chain nodes need to run op-geth v1.101701.0 or newer alongside op-node v1.16.9 or newer. Operators that remain on incompatible older versions risk diverging from the upgraded network. That makes Karst a meaningful operational event even though ordinary wallet users will barely notice it. No token migration, wallet update or end-user transaction is required. OP Stack Upgrades Are Becoming Routine Infrastructure Work World Chain is built on the OP Stack, whic...

TL;DR Hyperliquid has switched on manual spot borrowing. Users can borrow stablecoins against HYPE and Bitcoin collateral. The feature runs through HyperCore and remains collateralized. Hyperliquid is adding another piece to its increasingly complete on-chain trading stack. The network has launched manual borrowing, allowing users to borrow spot USDC and USDT against collateral positions including HYPE and Bitcoin. The feature runs through HyperCore, Hyperliquid’s native trading and account infrastructure. That makes this more than a cosmetic interface update. Borrowing is now part of the underlying trading system. From Perps To A Broader Financial Platform Hyperliquid became popular because of perpetual futures. But a trading venue becomes much more useful once users can do more with the collateral sitting inside it. Borrowing lets traders unlock liquidity without closing existing positions. A user holding Bitcoin, for example, can potentially k...

TL;DR Neutrl has opened an emergency redemption route for NUSD holders. The on-chain contract is paying around $0.51 in USDC per NUSD. The situation follows losses inside a junior Strata collateral tranche. NUSD holders finally have a clearer idea of what they can recover. Neutrl has opened an emergency on-chain redemption vault following losses in the collateral structure backing the protocol, allowing users to redeem NUSD for USDC at a rate currently sitting around $0.51 per token. That figure comes from the redemption contract itself rather than a newly declared $0.51 peg. And that distinction matters. A Stablecoin Redemption At Half Value Stablecoins are built around the idea that one token should remain worth roughly one dollar. Once that confidence breaks, the question quickly becomes what the underlying assets are actually worth. Neutrl’s answer, for now, is about 51 cents. The problem stems from a loss inside the junior tranche of a Strata c...

TL;DR Aave Labs has proposed a V4 market built around institutionally custodied collateral. Bitcoin would remain with Anchorage while an on-chain receipt represents the collateral. Chainlink infrastructure would keep custody data synchronized with Aave. Aave Labs is exploring a lending structure that would let institutions borrow on-chain without first moving their Bitcoin out of regulated custody . The proposal, titled “Custodied Collateral Lending: Aave V4 Isolated Hub & Spoke,” would create a new Aave V4 setup designed specifically for assets held with institutional custodians. In the initial model, Bitcoin would remain at Anchorage Digital Bank. The borrower would then receive an on-chain representation of that balance which could be posted into Aave. The Bitcoin Does Not Move Into Aave That is the part that makes the design interesting. Aave is not proposing a standard wrapped-Bitcoin market where BTC is bridged into a token and deposited into a ...

TL;DR XRP Ledger server software xrpld v3.4.0 is now available. The release introduces LendingProtocolV1_1. New lending features still require amendment approval before becoming active on-chain . The XRP Ledger has a new server release, and lending is one of the main things developers are preparing for. Version 3.4.0 of xrpld , the reference server implementation for XRP Ledger, was released on September 17. The update introduces two new amendments along with bug fixes and build improvements. The headline addition is LendingProtocolV1_1 . Closed-Ended Vaults Come Into View LendingProtocolV1_1 extends the ledger’s existing lending architecture with support for closed-ended vaults and cash-basis accounting. Closed-ended vaults operate across defined phases covering subscription, investment and redemption. Those phases determine when assets can enter the vault, when loans can be originated and when users can redeem their assets. The accounting chang...

TL;DR SIMD-0525 lays out a staged reduction in Solana’s target slot time from 400ms toward 200ms. The 250ms stage is the penultimate step in that roadmap. The network is shortening slots while reducing per-slot limits to avoid simply increasing resource demands. Solana’s push toward faster block production is getting into the serious part of the rollout. SIMD-0525 lays out a staged path that reduces Solana’s target slot time from 400 milliseconds through 350ms, 300ms and 250ms before eventually aiming for 200ms. The 250ms stage is particularly interesting because it leaves just one more step before the roadmap reaches that final target. This is not simply a case of making the clock run faster. Shorter Slots Change A Lot Under The Hood A slot is effectively Solana’s basic block-production time unit. Reducing that duration can cut confirmation latency and shorten the amount of wall-clock time one leader controls block production. SIMD-0525 argues that this...

Router Protocol has announced a deprecation plan that will shut down the cross-chain messaging network and permanently burn 303 million ROUTE tokens. The team said users will have a grace period to move assets back to origin chains before relayer nodes are disconnected. That makes this a user-action story as much as a tokenomics story. Anyone still relying on Router needs to pay attention to the timeline. The most important thing is not to invent a cause. The shutdown has not been framed as a hack or exploit. The team cited unsustainable relayer maintenance costs, so the story is about protocol economics and wind-down planning rather than a security breach. Loading Tweet… View original post on X TL;DR Router Protocol is shutting down operations. The team plans to burn 303 million ROUTE tokens. Users have a grace period to bridge assets before relayer shutdown. https://ift.tt/slrwOPV Why Router Is Winding Down Cross-chain infrastructure is expensive to run. ...

Ripple has entered a partnership with Florida Athletics that will bring optional XRP and RLUSD payment choices into parts of the athletics program’s ticketing and merchandise experience. It is a nice mainstream-facing win for Ripple, partly because sports partnerships are easy for normal people to understand. This is not some abstract infrastructure integration buried in a developer doc. It is payments, fans, tickets, concessions, and college athletics. That said, the wording needs to stay careful. XRP is not becoming a mandatory payment method for university purchases. This is not a blanket campus-wide crypto rollout. The partnership is tied to Florida Athletics, and the payment options are being introduced alongside existing fiat routes. For more details, visit the official Ripple platform. TL;DR Ripple partnered with Florida Athletics. The deal introduces optional XRP and RLUSD payment choices for selected athletics-related purchases. It should not be framed as mandatory...

Solana app Fomo has overtaken Pump.fun in 24-hour protocol revenue, generating $1.4 million in fees during the latest tracking window. That is a pretty sharp move, because Pump.fun has been one of the defining apps in Solana’s retail trading cycle. For another app to flip it, even for a single day, tells us something about how quickly attention can move inside the Solana ecosystem. But there is an obvious caveat. One strong 24-hour window does not mean Fomo has permanently taken Pump.fun’s place. Crypto app revenue can swing fast, especially when traders pile into a new mechanic, launch format, or incentive loop. Still, this is exactly the kind of on-chain shift Solana traders watch closely. For more details, visit the official Defillama platform. TL;DR Solana app Fomo generated $1.4 million in 24-hour protocol revenue. That put it ahead of Pump.fun during the tracked window. The flip is notable, but it does not prove permanent market dominance. Why The Fom...