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Former UK Prime Minister Liz Truss says bond rout could force emergency spending cuts

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Former UK Prime Minister Liz Truss says bond rout could force emergency spending cuts


The former prime minister said U.K. is among the worst examples of rising debt and warns the situation may have gone too far.

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OpenPayd Makes Major US Push After Securing 43 State Money Transmitter Licences

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OpenPayd has announced expanded its regulatory presence in the United States after completing the integration of MSB USA Inc. into its group.

The latest move brings 43 state money transmitter licences (MTLs) under its umbrella.

US Expansion

In an official press release shared by CryptoPotato, the London-based financial infrastructure provider said the move strengthens its position in the US market and creates a broader regulatory base for its operations across North America. MSB is a US-based, state-licensed money services business, and the integration was finalised after receiving the required regulatory approvals.

In a statement, OpenPayd Founder, Dr. Ozan Ozerk, said,

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“Every era of finance has been defined by its infrastructure: correspondent banking wired together the twentieth-century economy; programmable money will power the twenty-first. The U.S. is at the forefront of this evolution, and with regulated foundations now spanning the U.S., U.K. and Europe – across both fiat and digital assets – OpenPayd has something few providers can claim: regulated infrastructure spanning both fiat and digital assets, on both sides of the Atlantic.”

The network of 43 state licences will increase its geographic reach for global clients that already operate in the US or are planning to enter the market, OpenPayd added. The expansion comes after the platform’s recent authorisation under the European Union’s Markets in Crypto-Assets (MiCA) framework by the Malta Financial Services Authority.

Stats disclosed by OpenPayd continued to show organic growth across its business. As of July 31, 2026, its annual recurring revenue (ARR) climbed above $96 million, while annualised transaction volume surpassed $300 billion. The company said it remains profitable and has not taken external capital. It currently serves more than 1,200 clients globally, including crypto and financial companies such as Kraken, eToro, OKX and B2C2.

Nasdaq Plans

OpenPayd is also preparing to enter the US public markets through a previously announced business combination with Titan Acquisition Corp. In June 2026, the two companies announced a definitive agreement under which the company is expected to become a publicly listed company on Nasdaq under the ticker “OP.”

The transaction values OpenPayd at an equity value of up to $1.145 billion on a pro forma basis. The combination is expected to close in the fourth quarter of this year, subject to customary closing conditions, including approval from Titan’s shareholders.

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European Gas Hits 3-Year High With Winter Storage at 13-Year Low

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Dutch Front Month Futures Chart

European natural gas prices climbed to their highest level in over 3 years, as renewed US strikes on Iran deepened concerns over prolonged disruption to energy flows from the Persian Gulf.

Europe’s benchmark, Dutch front-month futures, surged to 73.85 euros per megawatt-hour in early European trading. It has gained roughly 25% over the past month. At press time, it stood at 72.2 euros.

Dutch Front Month Futures Chart
Dutch Front Month Futures Chart. Source: TradingView

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Storage Shortfall Leaves Europe Exposed

The front-month contract has not traded this high since the end of 2022, according to the Wall Street Journal. The rally reflects a supply problem that predates this week’s escalation.

EU gas stocks were 63% full in the final week of August. That sits well below the 80% average for late August in recent years.

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Storage operators normally refill throughout the summer, when both demand and prices are lower. Gas analyst Greg Molnar said continued injection at the current pace could leave EU gas storage at just 72 bcm. 

That would put inventories 20%, or 19 bcm, below the five-year average. It would also mark the lowest storage level since 2013.

“Low storage levels are naturally increasing the risk of heightened winter price volatility,” he said.

Energy Costs Reach Consumer Prices

The shock has already landed in the eurozone inflation data. Inflation rose 3.3% in the year to August, up from 2.9% in July. Energy inflation drove the move, accelerating to 14.3%. Core inflation eased to 2.4%.

Escalation around the Strait of Hormuz has also clouded prospects for a recovery in regional liquefied natural gas (LNG) exports. Roughly 20% of global LNG shipments cross the waterway.

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Analysts at ING said Europe currently outbids Asia for cargoes once shipping costs are counted. However, they expect competition between the two regions to intensify if Qatari volumes remain absent through year-end.

Goldman Sachs analysts said the benchmark may need to move above 100 euros per megawatt-hour should Middle East exports normalize only gradually through 2027. Meanwhile, Morningstar analyst Tancrede Fulop told CNBC that a cold winter could drive prices into the 90-120 euro range.

The squeeze is spilling into risk assets. Asian equities slid after strikes on Iran, while Bitcoin (BTC) reacted to the same escalation.

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Palo Alto Stock Wavers On Fiscal Q4 Earnings Beat, 2027 Outlook

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Palo Alto Stock Wavers On Fiscal Q4 Earnings Beat, 2027 Outlook

Palo Alto Networks (PANW)’s fiscal fourth-quarter earnings and fiscal 2027 guidance came in above expectations amid high expectations. Palo Alto stock initially rose then retreated as Wall Street analysts mulled organic growth versus acquisition-fueled growth. Palo Alto reported earnings after the market close on Tuesday. Fiscal Q4 profit rose 7% to $1.02 per share on an adjusted basis. Further, revenue…

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BingX Ranks No. 1 for Tradfi Perpetual Futures Liquidity

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BingX Ranks No. 1 for Tradfi Perpetual Futures Liquidity

PANAMA CITY, September 2, 2026 – BingX, the world’s leading multi-asset trading platform, today announced that it ranks No. 1 for TradFi perpetual futures liquidity across a broad selection of highly traded global assets, based on BingX’s comparative analysis of order-book depth across major trading platforms.

The analysis found BingX offering the deepest order-book liquidity across a range of key TradFi assets, providing traders with greater market depth and execution capacity as market conditions evolve. The results underscore BingX’s strategy of bringing broader market access, deeper liquidity, and timely execution together on a single multi-asset trading platform.

BingX combines this liquidity with one of the industry’s broadest selections of TradFi perpetual futures, with more than 500 TradFi perpetual futures assets across indices, stocks, forex, and commodities. Together, the breadth of the offering and depth of liquidity give users access to a wide range of global markets through a unified perpetual futures trading experience.

Through the BingX TradFi suite, users can access:

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  • The World’s Most Traded Commodities: BingX offers deep liquidity across globally traded commodities, including gold, silver, WTI crude oil, and Brent crude. Across the 10, 50, and 100 basis-point bands, BingX recorded an average of 1.6 times the order-book depth of the second-most-liquid exchange across these assets.
  • The World’s Most Trending Market Narratives: As AI and semiconductor-related themes continue to shape global markets, BingX provides access to stocks including Alphabet (GOOGL), Broadcom (AVGO), SK Hynix (SKHYNIX), and Intel (INTC), with BingX averaging 1.7 times the order-book depth of the second-ranked exchange across the same bands.
  • The World’s Most Watched Companies: BingX offers perpetual futures on some of the world’s most closely followed companies, including Apple (AAPL), SpaceX (SPCX), and Tesla (TSLA), with average order-book depth 2.2 times that of the second-ranked exchange across the 10, 50, and 100 basis-point bands.

“Liquidity determines whether market access works when traders need it most,” said Kevin Lee, Chief Strategy Officer at BingX. “As market opportunities increasingly move across asset classes, traders need more than a long list of assets. They need the liquidity and execution infrastructure to act when markets move. By combining deep order books with one of the industry’s largest selections of TradFi perpetual futures, BingX is building a more connected way to access global markets, from commodities and technology to currencies and indices.”

Looking ahead, BingX will continue expanding its TradFi offering, strengthening liquidity across key markets, and introducing additional assets aligned with evolving global investment themes. The platform remains focused on giving users broader access, deeper liquidity, and more efficient execution for navigating opportunities across both digital and traditional financial markets.

About BingX

Founded in 2018, BingX is the world’s leading multi-asset trading platform, serving more than 40 million users worldwide. From crypto to traditional markets, BingX connects users with a broad range of assets, markets, and opportunities through one unified trading platform.

With perpetual futures, TradFi offerings, spot trading and copy trading, alongside AI-powered products and solutions, BingX delivers a reliable and responsive trading experience designed to help traders navigate evolving markets and act on opportunities with greater confidence and efficiency.

BingX has been the Principal Partner of Chelsea FC since 2024 and became the first Official Crypto Exchange Partner of Scuderia Ferrari HP in 2026.

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For media inquiries, please contact: media@bingx.com  

For more information, please visit: https://bingx.com/

The post BingX Ranks No. 1 for Tradfi Perpetual Futures Liquidity appeared first on BeInCrypto.

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A Fed rate increase would be a mistake, some observers say as bitcoin, gold, stocks fall

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3 reasons Wednesday's FOMC interest-rate decision is pivotal for bitcoin (BTC) prices: Crypto Daily


Your day-ahead look for Sept. 2, 2026

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Base launches Creator Grant Program with up to $4,000 for creators

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Base Azul goes live as Coinbase L2 targets one-day withdrawals

Base has launched a Creator Grant Program offering independent creators up to $4,000 to produce content about the Ethereum layer 2 network, its ecosystem and builders.

Summary

  • Base is offering independent creators grants of up to $4,000 to produce content about its ecosystem and builders.
  • Writers, streamers, recurring show hosts, video creators and educators producing content in their own languages can apply.
  • Selected creators can receive access to Base builders and potential coverage through the network’s regional accounts.
  • Emerging creators can qualify for separate Creator of the Week bounties worth up to $500.
  • The program follows Base’s move away from its earlier Creator Rewards and content coin strategy.

Base said in a Sept. 2 post on X that applications are open to writers, streamers, live show hosts, independent video creators and educators producing Base-related content.

Base Creator Grant Program offers up to $4,000

Writers producing deep dives, memes, analysis and social media threads are eligible for the program. Base is accepting applications from creators running recurring shows, while educators can apply for grants to produce Base content in their own languages.

Selected creators can receive grants of up to $4,000. Base did not specify whether every successful applicant would receive the maximum amount or disclose how individual grant sizes will be determined.

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The program comes with support outside the main grant, with Base offering creators access to a pipeline of builders they can feature in their work. Content produced by participants may receive coverage through the network’s regional accounts.

Emerging creators can qualify for separate “Creator of the Week” bounties worth up to $500. Base specifically encouraged independent creators, people running their own shows and those creating exclusively around the network to apply.

Details including the total funding allocated to the program, the number of creators Base plans to select and how long the initiative will run were not disclosed in the announcement.

Base returns to creator funding after social strategy reset

The grants arrive less than two months after Base acknowledged that its previous creator-led social strategy had failed to produce the results the network expected.

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Base creator Jesse Pollak said in July that the project spent much of 2024 and 2025 betting on developers and social applications as a route to crypto adoption. Demand for social products eventually “disintegrated completely,” according to Pollak, leaving Base behind competitors in areas including perpetual futures and prediction markets.

As crypto.news previously reported, Pollak subsequently stepped back from leading the Base App and handed responsibility for the product back to Coinbase. He remained focused on development of the Base blockchain.

The restructuring included the end of Base’s Creator Rewards program and the removal of its Farcaster-powered social feed. Introduced in July 2025, Creator Rewards allowed creators to earn from engagement while Base experimented with social features, mini apps and content coins.

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Coinbase CEO Brian Armstrong later acknowledged the content coin strategy had failed, saying in July that the company had changed direction earlier in 2026.

“They didn’t work and we pivoted early this year. We messed up, time to turn the page,” Armstrong said.

Trading, payments and AI agents now sit among Base’s main areas of focus, in that order, according to Armstrong. He said most resources were being directed toward trading infrastructure.

The new Creator Grant Program uses a different funding structure from the token-based creator model Base pursued through its social products. The Sept. 2 announcement describes direct grants for producing content, along with access to builders, regional distribution and separate weekly bounties. Base did not announce tradable creator tokens or engagement-based token rewards as part of the initiative.

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Creator coins previously drove activity on Base

Base spent much of 2025 experimenting with ways for creators to earn directly from onchain content.

Coinbase unveiled the Base App in July 2025 as a product combining social features, payments, trading and decentralized applications. Farcaster powered the app’s social functions, while its Zora integration allowed posts to become tradable assets and creators to earn from activity around their content.

The model automatically minted ERC-20 tokens linked to social posts through Zora contracts, giving creators part of the token supply and a share of fees generated when the assets traded.

By August 2025, Zora creator coin activity helped Base surpass Solana in daily token launches. More than 1.6 million tokens were created within weeks, while nearly 3 million traders generated around $470 million in volume.

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Much of the activity came from traders seeking short-term opportunities instead of sustained participation, according to reports at the time.

Base later reassessed its focus as financial applications gained more attention across the crypto market. Pollak said in July that concentrating on social products had left the network behind in perpetual futures and prediction markets.

Base had products operating in both categories through Avantis and Limitless, but Pollak acknowledged they trailed larger competitors. Dune Analytics data cited in July showed Base-native Limitless accounted for roughly 0.5% of monthly prediction market notional volume.

Trading has taken a larger role in the Base App

Coinbase has expanded the Base App’s financial products since the strategy change.

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On Aug. 19, Coinbase added Hyperliquid perpetual markets to the Base App, giving eligible users access to more than 290 contracts. Hyperliquid handles execution while traders can open and manage positions through their existing wallets, with leverage reaching 50 times on supported markets.

The available contracts cover Bitcoin, Ethereum and markets tied to stocks and commodities. Coinbase said the product is unavailable to users in the United States, United Kingdom, Canada and other jurisdictions where access to leveraged crypto derivatives is restricted.

Coinbase followed later in August by bringing tokenized U.S. stocks natively onto Base. The initial lineup covers Apple, Nvidia, Meta and Alphabet, with each token representing a beneficial interest in a corresponding share held through segregated regulated custody.

The products are available to eligible non-U.S. investors and can trade around the clock. Coinbase Onchain SPV Ltd., a company incorporated in the Abu Dhabi Global Market, formally issues the securities, while Alpaca Securities handles the underlying equities through its brokerage and custody infrastructure.

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Ripple Sees XRP ETFs Pull In $170M as Institutions Build Their Positions

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🔹

Ripple is down by close to 3% in a pullback that’s landing right as institutional money is doing the opposite of panicking. Spot XRP ETFs have quietly become one of the more interesting flow stories in crypto this quarter, and the numbers behind that claim are worth unpacking before assuming this dip means anything structural.

Seven U.S. spot XRP ETFs now hold 994.74 million XRP, backed by cumulative net inflows approaching $1.51 billion as of mid-August. Weekly data showed the complex posting its best week since May, pulling in $39.78 million in net inflows, including an $18.38 million single-session print.

Not just that, one institutional holder reportedly carries $86.5 million spread across five separate XRP funds, according to Q2 filings. ETF inflow tracking suggests this isn’t a one-off; it’s a pattern of accumulation.

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The question now is if price action can keep pace with the institutional narrative. Right now, it isn’t, and that disconnect is the real story.

Discover: The Best Crypto to Diversify Your Portfolio

Can XRP Price Hit $1.60 This Week?

XRP’s 7-day performance sits at -7%, a sharper drawdown than the daily number. Ripple 24-hour volume near $2.56 billion shows liquidity hasn’t dried up, just direction has flipped bearish short-term. Price is currently testing the $1.33 support zone, with a deeper floor near $1.295 and a more critical band at $1.23-$1.25 if selling pressure extends.

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Xrp (XRP)
24h7d30d1yAll time
  • Bull case: support at $1.33 holds, short-term moving averages reclaim the $1.36-$1.38 zone, and XRP grinds toward the $1.60 resistance level that’s capped rallies for weeks.
  • Base case: consolidation continues inside the $1.29-$1.38 range while ETF inflows slowly absorb sell pressure.
  • Bear case: a break below $1.295 opens a retest of $1.23-$1.25, invalidating the near-term uptrend structure.

Longer-range price targets still point higher, but this week is a test of support, not a breakout setup.

Trade XRP on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop

LiquidChain Targets Early Mover Upside as Ripple Tests Key Levels

A 7% weekly drawdown on a token backed by $1.51 billion in ETF inflows is a strange kind of pain. The institutions are buying, and retail is bleeding.

That gap tends to push traders toward earlier-stage plays where entry price still matters. At an $85 billion market cap, XRP’s upside from here is real but incremental; multiplying capital at that scale requires patience most retail traders don’t have.

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LiquidChain ($LIQUID) is a Layer 3 infrastructure project. It is positioning for exactly that earlier-stage window. Its pitch: fuse Bitcoin, Ethereum, and Solana liquidity into one execution environment, letting developers deploy once and reach all three ecosystems instead of fragmenting across bridges.

The presale has raised $960K at a current price of $0.014951, built on a Unified Liquidity Layer, single-step execution, and verifiable settlement.

Those tracking cross-chain infrastructure plays can research LiquidChain directly.

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Discover: The Best Token Presales

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Selling at the Wrong Time: Here’s How an Unlucky Crypto Trader Missed a $3 Million Profit

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The cryptocurrency market is a weird one and frequently offers investors the opportunity to make enormous gains in just days, sometimes even hours. Of course, securing such profits requires more than skill; one also needs a bit of luck, perfect timing, and the courage to sell when the moment is right.

Here’s the story of a certain trader who missed their chance to become a millionaire.

Selling Too Early

The analytics platform Lookonchain revealed the case of a crypto trader who bought 7.99 million PONS tokens a month ago for roughly $443,000. Shortly after, the price of the coin headed south, and the investor cashed out their entire position, taking a $308,000 loss.

What happened next must have been hard for the mysterious trader to watch. PONS experienced a major pump, with its price skyrocketing by approximately 1,100% over a two-week period. Lookonchain estimated that those 7.99 million coins would now be worth nearly $3.46 million, meaning the investor would have made a $3 million profit (at least on paper).

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PONS is a relatively new token that currently boasts a market capitalization of around $275 million. It is closely connected to Robinhood Chain; if you are interested in learning more, take a look at our detailed article here.

Previous Unlucky Traders

Selling too early can be just as painful as buying at the top, only to watch a major price decline drag your portfolio down with it.

This is what happened to one unlucky trader in the summer of 2024. Back then, they spent more than $900,000 to buy 7.2 million Restore the Republic (RTR) tokens. The anonymous person hopped on the bandwagon when the valuation of the Trump-related meme coin exploded upon launch.

Instead of a further rally, the token’s price crashed hard, and the trader eventually sold the stash for only $18,000.

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The post Selling at the Wrong Time: Here’s How an Unlucky Crypto Trader Missed a $3 Million Profit appeared first on CryptoPotato.

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80-Year-Old Sen. Ed Markey Holds Off Younger Challenger in Democratic Primary

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80-Year-Old Sen. Ed Markey Holds Off Younger Challenger in Democratic Primary

A “generational showdown”

Tuesday’s primary was considered by many to be a “generational showdown” between Markey, 80, and Moulton, 47.

During the campaign, Moulton contended that it was time for change in the state’s political representation.

“Massachusetts has a choice: settle for the status quo, or demand better,” he said in a social media post Tuesday morning.

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The young moderate rose in the polls earlier this year, narrowing the gap between himself and the two-term incumbent. But in the month or so leading up to Tuesday’s primary, polls showed that Markey had regained ground, and was holding a comfortable double-digit lead.

This isn’t the first time Markey, who served in the House for nearly 37 years before winning a seat in the Senate in 2013, has held off a younger primary challenger. In his last reelection bid, the then-74-year-old Senator defeated then-Rep. Joseph Kennedy III, who is 34 years his junior, to advance to the November ballot.

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Charlie Kirk’s Murder Case Heads to Trial As Judge Rules Defendant Could Face Death Penalty

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Charlie Kirk’s Murder Case Heads to Trial As Judge Rules Defendant Could Face Death Penalty
Tyler Robinson, accused of fatally shooting Charlie Kirk, appears during a hearing in Fourth District Court in Provo, Utah on Dec. 11, 2025. —Rick Egan—Pool/Getty Images

Almost a year after the killing of right-wing activist Charlie Kirk at a Utah college campus, the case against the suspect accused of fatally shooting him is headed for trial.

On Tuesday, Tyler Robinson, 23, pleaded not guilty to aggravated murder and six other charges related to the shooting of Kirk at Utah Valley University on Sept. 10, 2025.

But Utah District Judge Tony Graf ruled that Robinson should stand trial, siding with prosecutors who argued there was “a mountain of evidence” against the defendant.

Graf also ruled that prosecutors can continue seeking the death penalty against Robinson, which the defense team has tried to remove as an option. Graf said the court found probable cause for an aggravating circumstance involving the alleged risk to other people at the crowded campus event, making Robinson eligible for capital punishment.

The hearing on Tuesday followed prosecutors’ presentation of evidence during a five-day hearing in July. No trial date has been set, but a pretrial conference is scheduled for Oct. 23.

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Kirk’s death worsened fears of political violence spreading across the U.S., and prompted condemnation from allies, including President Donald Trump.

In a statement, Kirk’s widow Erika called the ruling “an important step in our family’s pursuit of justice”.

“Every step in this process carries the weight of all that Charlie’s murder has taken from his family, especially his children who will grow up without their father,” the statement added.

Erika Kirk and the defendant were both in court on Tuesday for the hearing in the city of Provo.

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Why capital punishment is an option

According to Utah law, aggravated murder can become a capital felony if prosecutors file notice that they intend to seek the death penalty, which prosecutors have earlier done in Robinson’s case.

Graf bound over Robinson on one count of aggravated murder, one count of felony discharge of a firearm causing serious injury, two counts of obstruction of justice, two counts of witness tampering, and one count of committing a violent offense in front of a child.

The judge could have sent the case to trial on a lesser charge of murder, which has a sentence of at least 15 years and a maximum of life imprisonment. But Graf said in his ruling that it was reasonable to infer that shooting Kirk from a distance, while surrounded by a crowd of thousands of people, exposed at least one other individual at great risk, meriting the aggravated murder charge.

Kirk, 31, was sitting under a tent when he was shot in the neck while speaking at an event at the university in Orem. 

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Ryan McBride, a prosecutor with the Utah County Attorney’s Office, said in closing arguments to the court that the four rounds found in the alleged murder weapon—a bolt-action rifle—explain that Robinson knew there was an increased risk to others since it showed the suspect was prepared to fire more bullets if he had missed.

Robinson was lying on a rooftop around 400 ft away when he fired at Kirk, and the prosecutors argued that a shot merely a degree off could have a considerable difference in distance and endangered others’ lives.

“There is a mountain of evidence that proves he is the shooter,” McBride told the court.

But Staci Visser, representing Robinson, argued the state failed to prove the shooter “knowingly” risked people’s lives and said the prosecutors were trying to force the aggravated murder charge. 

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“There is one shot. There is one bullet. There is one victim,” Visser said. “There was no evidence that would suggest that anyone else was threatened.”

Other factors could affect sentencing

Besides the risk to others, prosecutors also alleged that Robinson targeted Kirk for his political expression and that he fired in the presence of children. If prosecutors prove this at trial, it could affect his sentencing.

Kirk and the organization he co-founded, Turning Point USA, were central to the growing young conservative movement that helped elect Trump. 

Kirk was also critical of same-sex marriage and transgender rights. Earlier this year, prosecutors alleged that the political commentator’s stances on these issues drove Robinson to target him. “It’s not difficult to understand the motive here,” McBride said.

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