Crypto World
The legal drama of imprisoned Sam Bankman-Fried is waiting on its last act
The fallen leader of the former top exchange FTX is looking for answers from the U.S. Supreme Court.
Donald Trump spent months saying Jerome Powell was the problem. Now Powell is gone, but rates have not budged. On Friday, traders put an 86.9% chance on the Federal Reserve raising rates next week.
That bet runs against everything Trump promised. He wanted cheap money, and even picked Kevin Warsh to deliver it. Warsh has not cut once.
“As an investor, you have to ask yourself: President Trump effectively made rate CUTS a pre-condition for his next Fed Chair. Will Fed Chair Warsh actually raise interest rates in his first rate move since being appointed Fed Chair by President Trump?” analysts at the Kobeissi Letter posed.
Are markets overestimating the chances of a rate hike? No FOMC chair has cast a dissenting vote since 1939!
Warsh Was Trump’s Favored Hire to Cut Rates
Warsh took the oath on May 22, after Trump spent the spring calling Powell slow and late. But Powell did cut, as his committee lowered rates three times in late 2025, finishing on December 10.
Warsh has lowered them zero times, with his two meetings in June and July ending with no change. If the CME FedWatch Tool is enough to go buy, he may not cut again in the next meeting.
That is Heather Long, chief economist at Navy Federal Credit Union. Trump hammered Powell for being too late to cut. Long thinks Warsh fears the reverse.
A hike could actually help lower-income Americans, she argues, by cooling prices.
In July, three officials voted to raise rates instead, and based on what interest rate bettors see, the odds are in their favor.
Trump still wants a rate near 1%. Wharton’s Jeremy Siegel says Trump pressure and midterms are all that hold the Fed back.
Friday’s Numbers Look Concerning for Warsh
Core prices, which ignore food and fuel, rose 0.3% in August. Economists expected 0.2%. Gasoline jumped 3.9% in a single month.
Fed Governor Christopher Waller had warned a hot reading would put a hike on his table. UBS now expects two increases this year.
The White House sees none of that. Kevin Hassett, who runs the National Economic Council, points to core inflation at 1.6% over a three-month window, a shorter window than the Fed uses.
Still, not everyone arguing against a hike works for Trump. Among them is Daniel Lacalle, chief economist at Tressis, who argues that a rate hike would go against the Fed’s dual mandate.
This argument comes as the labor market improves, albeit not enough. Notably, 162,000 jobs were created in August, unemployment was steady at 4.1%, and participation was rising.
“Do not confuse an energy-price shock with demand overheating. Hiking into a recovering job market would be a massive policy mistake,” Lacalle warned.
His point cuts both ways. If energy drove August inflation, no chair was ever going to hand Trump his 1%.
Warsh could still cut later. But he votes on Wednesday. The question is no longer whether Trump got the chair he wanted (Kevin Warsh). It is whether the chair (Jerome Powell) was ever what stood in his way.
Bitcoin (BTC) and gold both slipped on the CPI reaction, but recovered almost immediately.
The post Fed Rate Hike Odds Near 90%. Where Did It Go Wrong For Trump’s Economy? appeared first on BeInCrypto.
ARK 21Shares accounted for $164 million of Thursday’s Bitcoin ETF withdrawals, while Ether and Solana funds also recorded net outflows.
Spark, an on-chain capital allocation platform that originated as a subDAO of Sky (fka MakerDAO, is opening its USDT savings vault to OKX customers, letting users of the centralized exchange earn onchain yield on their stablecoin balances from inside the OKX app, according to a statement shared… Read the full story at The Defiant
Bitcoin (BTC) returned to $79,000 on Friday after key US inflation data broadly conformed to expectations.
Key points:
- US core CPI inflation data gained 0.3% month-on-month, surpassing expectations of 0.2%.
- Implied probabilities of an interest-rate hike by the Federal Reserve at the Sep. 16 meeting rose to 85%.
- US bond yields will cause Bitcoin pain amid Fed policy tightening, QCP analysis warns.
Bitcoin jumps 3% as “nervous” market digests CPI numbers
Data from TradingView showed renewed BTC price volatility ensuing after the August release of the Consumer Price Index (CPI), which came in at 3.4% year-on-year.
BTC/USD one-hour chart. Source: Cointelegraph/TradingView
After initially dropping to $76,000, BTC/USD quickly reversed upward, gaining more than 3% on the day.
The move echoed US equities, which also turned green after a weak start to the session. This was catalyzed by CPI conforming to expectations only a day after the Producer Price Index (PPI) overshot. The S&P 500 was up 1% at the time of writing, while the tech-heavy Nasdaq Composite Index gained 1.1%.
S&P 500 one-hour chart. Source: Cointelegraph/TradingView
US bond yields also saw snap volatility. On the back of the CPI print, the 30-year yield whipsawed, first reaching its highest levels since June 2004 before falling to 5.309%.
“This is a nervous market,” trading resource The Kobeissi Letter summarized in a response on X.
US 30-year bond yield one-hour chart. Source: Cointelegraph/TradingView
As WTI crude oil continued to circle $100 per barrel, the impact of the expanding US-Iran war and associated oil-supply squeeze was noticeable in the CPI numbers.
“The index for gasoline rose 3.9 percent in August, accounting for over one third of the monthly all items increase. The index for energy increased 2.1 percent over the month,” an official news release from the Bureau of Labor Statistics (BLS) confirmed.
The release also reported that core CPI increased by 0.3% in August, 0.1% more than anticipated.
US CPI 12-month % change. Source: BLS
In response, traders doubled down on bets that the Federal Reserve would raise interest rates by 0.25% at its Sept. 16 meeting. The latest data from CME Group’s FedWatch Tool showed odds of such an outcome rising to 85% on Friday, increasing from 60% a week ago.
Fed target-rate probability comparison for September FOMC meeting (screenshot). Source: CME Group
Fed officials are known to be split on the correct path for policy, with governor Christopher Waller last week indicating that he would be inclined to hold rates in their current 3.50-3.75% range should inflation data show at least “some signs of disinflation.”
“What’s the cost of waiting one meeting? Hiking 25 basis points, one meeting right now, is not going to bring the CPI down to 2%,” he told Reuters.
Analysis: Yield surge to become Bitcoin headwind
Discussing the implications of high bond yields going forward, trading company QCP Capital warned that Bitcoin bulls had little to look forward to. This is despite BTC/USD surging 25% in August after the US Treasury announced that it would step up debt buyback interventions.
Related: Bitcoin buyers wary of July sub-$58K floor amid onchain data ‘anomaly’
“The rise in US yields this year has been driven increasingly by tighter policy expectations and a risk premium common to both stocks and bonds, rather than by growth,” it wrote in its latest analysis.
“This is the worst mix for Bitcoin: a competing 5% risk-free rate without the nominal-growth impulse that usually accompanies yield moves. It directly undercuts the narrative that carried Bitcoin from $63,000 to $82,000 in the second half of August, which leaned on the idea of a Treasury liquidity put providing structural support.”
QCP argued that Bitcoin would ultimately benefit from these developments, but only once buyback operations have had time to inject sufficient liquidity into markets.
Crypto World
This Oil Stock Sails Near Entry, Profits Soar 452% As Strait Of Hormuz Crisis Flares Up
Energy prices soared this week as hostilities between the U.S. and Iran over control of the Strait of Hormuz heated up. Oil stock Torm (TRMD) is now eyeing an entry as its profit rockets. The Danish company operates a fleet of product tankers that transport refined oil and petroleum products. These include gasoline, jet fuel and diesel. It operates through…
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An attacker minted over 40 BTC worth of Nomic’s nBTC out of thin air on June 25. It took Osmosis, whose allBTC later turned out to be 36% unbacked, a whole 74 days to notice.
Neither of the Cosmos-based projects seemingly discovered nor disclosed the loss during that period. The exploit only came to light following a halt of the Nomic protocol, which prompted an investigation into its holdings by Osmosis.
Nomic itself appears not to be actively maintained; the project’s X account last posted in 2024 and its GitHub saw its last commit two years ago.
Read more: Across, Allbridge, TeleSwap lost $5.7M to bridge hacks in past week
The exploiter combined two separate bugs to generate a transaction which “minted 40.650602 BTC of nBTC on Osmosis with no BTC behind it.”
Luckily for Osmosis, the attacker left a considerable chunk of the proceeds untouched as allBTC, which was frozen earlier this week through an “emergency upgrade.”
They did manage to cash out approximately $1 million (at the time) worth of the loot, though, by sending 671 ETH to Tornado Cash via Ethereum.
A post to the project’s governance forum details how Osmosis proposes filling the 40 BTC shortfall in allBTC backing. On top of seizing the 22.65 allBTC frozen in the attacker’s account, it suggests cancelling a “pending liquidity re-deployment” of USDC.noble and pulling additional allBTC from a Community Pool.
Read more: Cosmos Labs under fire over disclosure of bug affecting four blockchains
Disclosure lag in the Cosmos ecosystem
Both Osmosis (a decentralised exchange) and Nomic (a bridge) are part of the wider Cosmos ecosystem, which was recently hit by a string of incidents stemming from an unrelated bug in a widely used Cosmos EVM module.
While the timeline was considerably shorter than following the nBTC exploit, developers Cosmos Labs drew criticism for the manner in which it disclosed the bug.
One of the victim projects, KiiChain, branded its loss “avoidable,” adding that publishing a critical security fix before advising affected teams effectively “hands the vulnerability to anyone reading the commit.”
Got a tip? Send us an email securely via Protos Leaks. For more informed news and investigations, follow us on X, Bluesky, and Google News, or subscribe to our YouTube channel.
Anchorage Digital has partnered with stablecoin protocol Frgmnt to give institutional clients access to its fUSD and sfUSD tokens through Anchorage’s custody platform.
The integration will allow institutions to hold, mint, redeem, stake and unstake fUSD without setting up a separate custody arrangement, according to a Friday announcement.
Frgmnt is a stablecoin protocol built on Base that issues fUSD against USDC, with the backing deployed across onchain lending markets. Users can stake fUSD for sfUSD to earn rewards generated by the protocol’s underlying strategies.
The protocol has about $100,000 in total value locked, according to DeFiLlama data, while operating under a capped, invite-only beta. Frgmnt plans to open public access and raise its deposit cap on Sept. 15.
Frgmnt said sfUSD was generating 13.32% APR as of Sept. 4, though yields vary with conditions in the underlying lending markets.
Source: frgmnt
Anchorage Digital Bank is a US federally chartered crypto bank regulated by the Office of the Comptroller of the Currency and operates as part of the broader Anchorage Digital platform, which was valued at $4.2 billion in February following a $100 million investment from Tether.
Related: Anchorage Digital brings off-exchange settlement to Binance
Anchorage expands institutional onchain access
The Frgmnt partnership adds to Anchorage Digital’s growing role as a regulated gateway for institutions seeking access to stablecoins, staking and other onchain financial products.
Tether tapped Anchorage Digital Bank in January to issue USAt, its US-focused stablecoin designed to operate under the GENIUS Act. The deal put Anchorage on the issuance side of the stablecoin market, rather than solely providing custody for tokens issued elsewhere.
The company has also sought to extend stablecoin infrastructure into payments and treasury operations. In May, Mexico’s Grupo Salinas partnered with Anchorage to support blockchain-based dollar transfers, cross-border settlement and treasury activity through its Coinpro digital asset subsidiary.
Beyond stablecoins, Anchorage has expanded its institutional staking services, allowing clients to earn protocol rewards while keeping assets within its custody environment. An April integration with Marinade Finance added Solana staking strategies, followed in July by native staking for TRX, the Tron network’s native token.
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Earlier this year, Pi Network’s native token surged to nearly $0.30 after Kraken allowed trading services with it. Since then, the asset has been in a steep downtrend and now trades around $0.09.
The big question is whether the price can rise above the $0.30 mark again before the end of 2026, or whether that was the maximum for this year. Here’s what three of the most widely used AI-powered chatbots think on the matter.
Mixed Predictions
According to ChatGPT, PI can exceed $0.30 and spike to as high as $0.60 sometime this year, but such a major increase will depend on vital catalysts rather than speculation alone. OpenAI’s platform suggested potential positive factors include listings on leading crypto exchanges or a broader altcoin rally.
PI began trading at the start of 2025 and is available for trading on platforms like Bitget, Kraken, OKX, and others. However, the industry’s heavyweights Binance and Coinbase have not yet embraced the token. Recall that the former asked its community whether they want to see PI on the exchange, and the vast majority answered “yes.”
In conclusion, the chatbot suggested that PI’s highest price in 2026 will most likely be around $0.35-$0.45, with $0.42 set as a specific estimate.
“A short-lived move toward $0.50 is plausible, but without a major listing or explosion in genuine usage, I don’t see it approaching $1,” it added.
Google’s Gemini took a similar stance, saying a pump above $0.30 and a new local peak of $0.36 are possible “under favorable market conditions.” According to it, the main drivers include mainnet ecosystem expansion, real-world utility adoption, and broader bullish momentum across the entire crypto sector.
Perplexity was much more pessimistic, claiming that a new rise above $0.30 before the end of the year is highly unlikely. At the same time, it assumed that a solid resurgence may still occur given the upcoming protocol 27, which is about to be implemented on September 15. However, the team has not always met its deadlines, so delays remain a possibility.
Sentiment Flips Bullish?
X user Crypto With Gopal recently opined that PI is printing a double-bottom formation, with buyers defending the 0.08-$0.09 support zone and the price slowly building higher lows.
He believes a breakout above the $0.10-$0.12 range could ignite the next rally, saying bulls have shown signs of reclaiming control.
The post Pi Network (PI) Keeps Struggling Under $0.10: 3 AIs Predict Its Maximum Price for 2026 appeared first on CryptoPotato.
Only one in five women know that they’re more likely to develop Alzheimer’s disease than men, according to a recent survey. Maria Shriver wants that number to climb—and for women to start thinking about their brains decades before symptoms show up.
“When people talk about living longer, you’re seeing a lot about people in the gym,” Shriver said Thursday at the TIME100 Health Leadership Forum in New York. “But what about their brains?”
Shriver founded the Women’s Alzheimer’s Movement and co-founded the Comprehensive Women’s Health and Research Center at Cleveland Clinic. She sat down with TIME deputy editor Kelly Conniff to talk about what women need to understand about brain health, and why the conversation can’t wait until later in life.
She became passionate about brain health when her father was diagnosed with Alzheimer’s in 2003. At the time, Shriver said, there wasn’t much information available to help families understand the disease or prepare for how their lives would change. She approached figuring that out as both a journalist and a daughter, while watching family members grapple with the diagnosis in different ways.
Her kids adjusted easily, she recalled, simply accepting the grandfather in front of them as he was. She had a harder time. The man she saw didn’t match the father in her memory. Her mother, meanwhile, was losing something else entirely—a spouse, a confidant, a partner.
One growing area of research focuses on how the brain changes during menopause, and whether interventions during that period could reduce Alzheimer’s risk, Shriver said. It’s unclear whether hormone therapy, for example, could help.
Yet “there’s more to women’s health than menopause,” Shriver added. Brain health, including mental health, is important to talk about throughout every stage of a woman’s life. She pointed to the recent trial of Lindsay Clancy as evidence that women are talking more openly about maternal mental health. She recently had a conversation with six or seven other mothers who discussed the case and began sharing their own emotional and postpartum experiences.
Clancy, a Massachusetts mother, was tried on charges of killing her three young children in 2023. Her attorneys argued that she was not criminally responsible because she was experiencing postpartum psychosis, a rare psychiatric emergency distinct from postpartum depression. Prosecutors maintained that she understood her actions were wrong. The trial ended in a mistrial after the jury failed to reach a unanimous verdict.
“The fact that we’re talking about postpartum depression, the fact that we’re talking about maternal health,” Shriver said, represents a “huge advancement in my lifetime.”
The open discussion is part of the shift Shriver wants to see across brain health generally—starting with the basics. You shouldn’t have to overhaul your life to take care of yourself. Exercise, sleep, a decent diet, real social connection, and staying mentally engaged all move the needle on brain health. Shriver herself meditates twice daily to manage stress.
Still, she acknowledges these kinds of activities won’t all fit into everyone’s day. They might sound particularly unrealistic to women juggling busy careers or young kids, or taking care of their aging parents. When her four children were young, she said, she would have snapped at any well-intended suggestions to meditate: “You’re out of your mind. Go away. I didn’t even go to the bathroom.”
While it would be ideal if advances arrived even more quickly, Shriver sees the growing attention to women’s health and ongoing research as evidence that change is unfolding in real time. “I’m fully convinced they’ll find a cure for Alzheimer’s,” she said.
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