Crypto World
Celsius sues BitMEX over trades Alex Mashinsky said never happened
On September 12, Celsius Network debtors sued crypto exchange BitMEX, which is set to close on September 23. Celsius’ debtors suddenly want over $100 million before BitMEX shuts its doors.
Specifically, the debtors allege wrongful liquidation and seizure by BitMEX of Celsius’ BTC around the March 12, 2020 COVID market crash.
One day after that liquidation, Celsius CEO Alex Mashinsky promised that Celsius wasn’t trading at all.
“Fortunately, Celsius is not a trader,” Mashinsky declared on March 13.
Commenting on the COVID crash that had occurred one day prior, he added, “We don’t trade. We don’t buy and sell coins. We don’t decide, oh, BTC’s going up or down.”
He also gushed about Celsius’ supposedly wonderful performance. “We started charging higher and higher rates, earning more money for the community,” Mashinsky claimed, in reference to Celsius’ non-trading, lending division.
“So, we did exceptionally well last night. Again, credit goes to the team for putting together an amazing performance.”
Read more: The many misrepresentations of Alex Mashinsky
Celsius’ BTC derivative trading on BitMEX
Mashinsky is currently in prison but wild tales about Celsius continue.
According to Celsius debtors this month, contrary to Mashinsky’s non-trading claim, Celsius definitely had a leveraged long position in XBTM20 that BitMEX liquidated on March 12, 2020 as part of a “fraudulent scheme to defraud its own customers.”
XBTM20 was a leveraged derivative linked to the price of BTC that Celsius traded on BitMEX.
Although the debtors didn’t specify the financial leverage that Celsius was using, BitMEX famously offered up to 100x price exposure on its BTC derivatives around that time.
The debtors allege BitMEX’s “fraudulent misconduct” and “wrongful liquidation” of Celsius’ XBTM20 position allowed BitMEX to seize Celsius’ BTC that collateralized its trading position.
In essence, debtors claim BitMEX rigged its own liquidation engine.
The loss, Celsius debtors claim, was BitMEX’s fault, not the leveraged trading activity that Mashinsky told his YouTube audience Celsius didn’t conduct in the first place.
On March 12, 2020, BitMEX processed over $700 million worth of liquidations. Over 90% were forced closures of long derivatives.
BitMEX has already announced as of July 23, 2026 that it will close, encouraging users to withdraw their funds prior to the end of business. It has already stopped accepting trades to open new positions as of August 26, and plans to end exchange services entirely on September 23 at 04:00 UTC.
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.
Crypto World
Europe’s Premier FX, Crypto & Fintech Event
Limassol, Cyprus – Mark your calendars for WIKIEXPO CYPRUS 2026, taking place on November 6, 2026 at the prestigious Parklane, a Luxury Collection Resort & Spa. As one of Europe’s most influential gatherings for the foreign exchange and fintech services industry, the event is set to welcome over 5,000 professionals, 50+ distinguished speakers, and 50+ exhibitors from more than 30 countries.
This year’s expo places a strategic focus on the core pillars that drive today’s financial markets, with dedicated tracks on:
- Foreign Exchange & Liquidity Solutions – Institutional FX, prime brokerage, liquidity aggregation, and risk management
- Regulatory & Compliance Frameworks – Navigating MiCA, CySEC regulations, AML/KYC, and cross‑border licensing
- Next‑Generation Payments – Cross‑border remittance, digital wallets, instant settlement, and merchant services
- Platform Building & Brokerage Technology – Trading platforms (MT4/5, cTrader, proprietary), white‑label solutions, CRM, and infrastructure providers
- Fintech Service Providers – B2B technology vendors, data analytics, AI‑driven trading tools, and compliance automation
- Crypto & DeFi – On‑chain liquidity, tokenized assets, smart contract‑based settlement, and the convergence of crypto with traditional FX
- AI in Finance – AI‑powered trading algorithms, predictive analytics, fraud detection, and regulatory technology (RegTech)
Set in the heart of Cyprus – a global hub for forex brokers, payment processors, and regulatory technology firms – this expo offers an unrivalled platform for service providers, brokers, IBs, liquidity providers, payment gateways, and platform vendors to connect, showcase innovations, and forge cross-border partnerships. Backed by CySEC’s stringent oversight and EU-wide passporting privileges, this jurisdiction empowers firms to scale operations across the European Economic Area, all while staying ahead of the crypto and AI waves reshaping the industry.
Attendees will gain actionable insights through keynote addresses, panel debates, fireside chats, and dedicated networking sessions, all designed to address the real‑world challenges and opportunities facing the FX, fintech, and digital asset ecosystem.
“Cyprus has long been recognized as a gateway between Europe, Asia, and Africa, with a robust regulatory environment and a thriving community of financial technology providers,” said Loki So, COO of WikiEXPO. “Our Cyprus edition is uniquely tailored to the FX, liquidity, payments, and platform‑building sectors – but we also recognize that crypto and AI are no longer optional. We aim to bring together the entire value chain of service providers – from traditional brokers to cutting‑edge DeFi protocols and AI‑driven analytics firms – under one roof to drive responsible innovation and sustainable growth in this dynamic region.”
How to Participate:
The Only Official Free Registration Link:
https://www.wikiexpo.com/Cyprus/2026/en/?c=7iil3INU
Sponsorship & Exhibiting Opportunities:
Secure a prime booth or exclusive sponsorship package – ideal for liquidity providers, trading platform vendors, payment solution companies, regulatory tech firms, Web3 infrastructure projects, and AI fintech startups.
Contact Name: Loki So
Email Address: loki@wikiexpo.com
Telegram: https://t.me/Loki_wikiexpo_coo
LinkedIn ID: https://www.linkedin.com/in/loki-so-33826318a/
About WikiEXPO
WikiEXPO is a global hub for financial innovation, uniting visionaries and leaders in fintech, forex, and crypto industries. With a worldwide community of over two million followers, our iconic summits are held in global capitals including Dubai, Hong Kong, Cyprus, Bangkok, Singapore, Sydney, South Africa, and beyond. From cutting‑edge startups to industry giants, we connect the brightest minds. After six years of rapid development, WikiEXPO has become one of the world’s largest and most influential event platforms in the forex, fintech, and digital asset space.
Past Speakers at WikiEXPO (selected):
- Dominic Williams – Founder & Chief Scientist, DFINITY Foundation
- Evan Auyang Chi‑chun – Group President, Animoca Brands
- Justin Sun – Founder, TRON; Member, HTX Global Advisory Board
- Reeve Collins – Co‑Founder, Tether
- Cynthia Wu – Founding Partner and CCO, BIT
- Livio Weng – CEO & Executive Director, Bitfire
- Kevin Lee – CCO, Gate
- Mario Nawfal – CEO, IBC Group
- Yiannos Ashiotis – Board Chairman – Revolut Digital Assets Europe
- John Riggins – Partner, BTC Inc
- Loretta Joseph – Policy Consultant, The Commonwealth; Chairman, ADFSAC
- Vít Jedlička, President, Free Republic of Liberland
- Bugra Celik – Director, Digital Assets | Global Private Banking & Wealth, HSBC
- Hassan Ahmed – Country Director, Coinbase Singapore
We look forward to welcoming you to Limassol this November – where the FX, fintech, and crypto communities converge to shape the future of finance!
Crypto World
S&P Global acquires OpenZeppelin to bridge credit ratings with onchain code security
S&P Global (SPGI) said Thursday it has agreed to buy OpenZeppelin, a smart-contract security firm whose open-source code library is used across much of the stablecoin and tokenized-fund market. S&P said contracts built with the library have moved more than $37 trillion over time. Terms of the deal were not disclosed.
The deal gives S&P Global access to a part of onchain finance that conventional ratings do not cover: the code that issues, moves and manages stablecoins, tokenized funds and DeFi products. A project can have sound reserves or a strong credit profile but still fail because of a flaw in its smart contracts. S&P is betting banks and asset managers will need common ways to assess that technology risk before they use onchain products at scale.
The $37 trillion figure is a measure of value transferred through contracts using OpenZeppelin’s library over time, not assets the company manages or holds.
“The transaction complements S&P Global’s risk assessment and ecosystem development capabilities in digital asset markets, enhancing its ability to create the next generation of onchain security assessments, benchmarks, and deliver essential intelligence as capital markets transition onchain,” the firm said.
Crypto World
BNB price holds $710 support as momentum weakens
BNB price traded near $721 on Sep. 17 after buyers defended the $709–$710 area, but weakening daily momentum and dense liquidity above $739 leave the token without a clear breakout signal.
Summary
- BNB price recovered from a daily low near $709 but remained below resistance at $729.
- The 4-hour RSI returned to 50.84, showing balanced momentum after the rebound.
- Daily MACD recorded a bearish crossover, while the histogram fell to -5.04.
- Liquidation clusters near $710 and $740 could shape BNB’s next major move.
BNB price consolidates above $710
BNB (BNB) price was trading at approximately $721 at the time of writing, down 0.63% during the daily session. The token opened near $725.92, reached $729.22, and fell as low as $720.89 on the daily candle.
The wider chart shows that BNB remains in a consolidation phase following its early-September rally. The token climbed from below $700 to nearly $780 before sellers pushed it back toward the $710 region.
Price has since formed a tighter range between roughly $710 and $730. Repeated defenses of the lower boundary show that buyers remain active around $700–$710, but the lack of a sustained move above $730 suggests demand has not yet regained full control.
BNB’s broader structure still includes higher lows from the July bottom near $550. However, the decline from the September high has interrupted the previous bullish momentum and left the token searching for a new short-term direction.
The pullback came against a weaker risk backdrop following the failed procedural vote on the US CLARITY Act and the Federal Reserve’s 25-basis-point rate increase. Higher US interest rates can reduce demand for risk assets by lifting returns on cash and government debt.
4-hour indicators point to a neutral setup
The 4-hour Bollinger Bands show BNB trading just above the middle band at $719.39. The upper band stands at $729.15, while the lower band sits at $709.63.

Price near the middle band reflects consolidation rather than a strong directional trend. The narrowing distance between the bands also points to falling volatility after the sharp swings seen earlier in September.
A 4-hour close above $729.15 would push BNB beyond the upper Bollinger Band and could signal renewed upside momentum. Buyers would then need to clear the $737–$740 area to establish a stronger breakout.
The lower band reinforces $709–$710 as immediate support. A decisive close beneath it would show that the current range has broken down and could expose the psychological $700 level.
BNB’s 4-hour relative strength index stood at 50.84, above its moving average of 46.26. The reading places momentum near the center of its range, with neither buyers nor sellers holding a major advantage.
The RSI’s recovery above 50 offers a modest positive signal, but it has not reached the 60–70 area normally associated with stronger bullish momentum. Price therefore needs confirmation from a resistance breakout before the indicator can support a wider recovery scenario.
Daily MACD warns of fading bullish momentum
BNB’s daily chart presents a weaker momentum picture. The moving average convergence divergence line stood at 15.14, below the signal line at 20.18, while the histogram had fallen to -5.04.

The bearish crossover shows that momentum from the late-August rally is fading. The MACD remains above the zero line, meaning the broader recovery has not fully reversed, but the negative histogram signals increasing short-term selling pressure.
Aroon readings also show limited directional strength. The indicator’s two lines had fallen to 14.29% and 0%, suggesting that neither a fresh high nor a fresh low has recently established a dominant trend.
Low Aroon readings often appear during consolidation. In BNB’s case, they support the range-bound structure visible since the price retreated from nearly $780.
For a bullish reversal, the MACD line would need to flatten and move back above the signal line. A stronger Aroon Up reading would provide further confirmation if BNB begins setting fresh short-term highs.
Liquidation heatmap places $740 in focus
The 24-hour liquidation heatmap shows concentrated leverage on both sides of BNB’s current price. The nearest lower liquidity cluster appears around $709–$712, close to the 4-hour lower Bollinger Band.

Larger pockets are also visible near $703–$705 and $695–$698. If BNB loses $709, leveraged long positions around those levels could increase downside volatility and pull the price toward $700.
Above the market, liquidity is concentrated around $727–$730, followed by a brighter and denser cluster near $739–$741. The latter area matches the resistance zone identified by the price charts.
A move through $730 could therefore draw BNB toward $740 as short positions are closed. However, the large concentration at that level may also create resistance if spot demand does not support the derivatives-driven move.
Additional liquidity appears near $747–$755, giving bulls a secondary target if BNB establishes support above $740.
BNB faces breakout test between $710 and $740
BNB’s short-term outlook depends on which side of the current range gives way first. Holding $709–$710 would preserve the consolidation and allow another attempt at $729.
A 4-hour close above $729, followed by a sustained move through $740, would strengthen the bullish case. The next targets would sit near $750 and the September peak around $775–$780.
The bearish case would gain weight if BNB closes below $709. Such a move would break the lower Bollinger Band and could trigger liquidations toward $703, $700, and $695. A loss of $695 would weaken the broader recovery structure and place the late-August breakout area near $680 back in view.
For US investors, the Federal Reserve’s rate path and any further action on crypto market-structure legislation remain potential sources of volatility. Technically, however, $710 support and $740 resistance provide the clearest boundaries for BNB’s next directional move.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Crypto World
Sam Bankman-Fried’s $500 Million Investment Still Haunts Anthropic
Sam Bankman-Fried (SBF) led a $580 million funding round into Anthropic in April 2022. Critics say the donor network he championed still amplifies the artificial intelligence (AI) safety message his money paid for.
The FTX founder holds no stake today. Prosecutors forced a sale of his shares to repay creditors. The effective altruism network he backed, which funds causes it judges most urgent, stayed in place.
Where Bankman-Fried’s Anthropic Money Went
Bankman-Fried put roughly $500 million into Anthropic in 2021 for about an 8% stake. Anthropic builds the Claude chatbot.
Months after the April 2022 round, FTX collapsed. He was convicted of defrauding investors of $3 billion and is serving 25 years.
BeInCrypto reported in June that the estate sold that Anthropic stake for about $1.3 billion in 2024. It would be worth more than $30 billion at Anthropic’s latest $380 billion valuation.
Where the Network’s Money Goes Today
Dustin Moskovitz, a Facebook co-founder, invested in Anthropic in 2021. He sits on the board of Coefficient Giving, the grantmaker formerly called Open Philanthropy.
Coefficient is a major backer of the Tarbell Center for AI Journalism, which pays more than 80 reporters at outlets including Time, Bloomberg, and The Guardian. It says they are independent.
Longview Philanthropy, another effective altruism group, funds Model Evaluation and Threat Research (METR), which grades frontier models on risk. Its head, Paul Christiano, once roomed with Anthropic chief executive Dario Amodei.
Anthropic separately pays about 1,000 people trained on Claude to embed inside more than 400 nonprofits. It calls the program Claude Corps.
Critics Who Say Amodei Borrowed the Playbook
Brian Chau, a machine learning engineer, founded the AI news site Effort. He told the New York Post that Amodei now seeks safety rules that would also shield an established company.
“So it’s no surprise that he’s now copying literally the exact same tactics used by Sam Bankman-Fried in order to achieve regulatory monopoly.”
Chau said those programs were once named effective altruism as their purpose. The wording changed to AI safety after Bankman-Fried’s arrest in December 2022.
Amodei published a policy essay in June seeking mandatory third-party testing of frontier models. He did not address the capture argument.
The Fight Amodei’s Push Landed In
Amodei’s remarks come as Washington moves the other way. Trump signed an order in December 2025 to preempt state AI laws and has called safety fears a hoax.
Some members of Congress say the burden of AI safety now rests on developers themselves.
Anthropic nearly tripled its federal lobbying spending to $3.53 million in the first half of 2026.
The post Sam Bankman-Fried’s $500 Million Investment Still Haunts Anthropic appeared first on BeInCrypto.
Crypto World
SEC rolls out ‘innovation exemption’ for tokenized securities trading venues
The regulator explicitly excluded synthetic security tokens that are derivatives and don’t provide ownership of the shares. The SEC only allows tokens that represent real ownership of the underlying stock, which Atkins said “must provide holders with the same rights and privileges as the traditional securities, including rights to receive dividends and exercise voting rights.”
That may exclude derivatives and debt instruments offered in many of the offshore products, such as from Robinhood.
The time-limited innovation exemption doesn’t require the SEC to formally designate the venues. Instead, any platform that believes it can meet the SEC’s definition and comply with the conditions only needs to provide notice before opening the doors of a tokenization operation, according to the agency.
5 years, to start
Atkins acknowledged the temporary nature of the policy, which he said lets firms operate “in a permissioned environment today while the commission considers the need for additional action to facilitate onchain trading.” He said the measure “must be followed by durable rulemaking to ensure that onchain markets remain a viable pathway as our capital markets continue to evolve.”
Tokenization has become one of Wall Street’s biggest blockchain experiments, giving major weight to the SEC’s opening move. The basic idea is to take familiar assets such as stocks, bonds or investment funds and represent ownership of them on a blockchain, potentially allowing them to move more easily between investors and financial platforms.
Crypto World
Ripple News: MPP AI kit as XRP Payment Demand Rises
Ripple brings news with updated XRPL AI Starter Kit to version 1.1, adding support for the Machine Payments Protocol, or MPP, a standard co-authored by Stripe and Tempo for software agents that pay for services without a checkout flow. The release also adds Open Wallet Standard support, giving developers a common interface for managing wallets across multiple blockchains.
Now, developers can build AI agents that pay for data, computing, and other online services using XRP or RLUSD, Ripple’s dollar-pegged stablecoin. That matters structurally more than commercially at this stage. The software remains in beta, and Ripple’s announcement names no commercial customers using the new MPP integration and discloses no payment volume for it.
This is Ripple building out payment infrastructure ahead of demonstrated demand.
MPP works on a simple loop: a service responds to an agent’s request with a price, the agent authorizes payment, and the service delivers the requested resource. No human approves a checkout screen; the transaction is just another step in the agent’s workflow.
Ripple isn’t betting the house on one standard. It already added support for x402, a separate web-payment protocol, back in June, and MPP now joins it rather than replacing it. That’s a hedge, not a commitment to a winner, and it reflects an environment where the agentic-payments space hasn’t settled on a dominant rail.
The same logic underpins why AI systems are increasingly being used to assess XRP’s prospects in the first place: utility narratives now compete directly with speculative ones for the token’s valuation case.
Earn $50 and Enter $300K Prize Draw on EdgeX
How the Payment Mechanics Actually Work?
A business already building on Stripe and Tempo’s open protocol can now offer XRP or RLUSD payments through Ripple’s integration without re-architecting around a new blockchain. One-time payments support both XRP and issued tokens, such as RLUSD, out of the gate.
Ongoing payment sessions are more limited: they currently require XRP specifically. The intended use case is an agent depositing XRP once, running hundreds of paid queries, and authorizing incremental spending after each response, with the provider collecting the accumulated total without putting every individual query on-chain.
Extending that session model to stablecoins depends on a proposed ledger upgrade that hasn’t shipped yet, so RLUSD-denominated payment channels aren’t live.
The Open Wallet Standard piece addresses a different problem: key management across chains. It lets agents request transactions without directly accessing private keys, with safeguards such as spending limits and approved destinations built into the interface.
Trade XRP on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop
Ripple News: Positioning and What’s Still Missing
Supporting both x402 and MPP gives developers a route onto the XRP Ledger regardless of which payment standard they picked first. That’s the real strategic value here, beyond the news: Ripple is inserting XRP and RLUSD into applications whose developers chose their payment protocol before choosing a blockchain, rather than trying to convince them to adopt XRPL-specific tooling from scratch.
So, what’s missing? The kit remains beta software. No named commercial customer is using the MPP integration, and Ripple has published no payment-volume figures to indicate actual usage.
The near-term catalyst to watch isn’t this release itself but whether the proposed ledger upgrade enabling stablecoin payment sessions actually ships, and whether any developer building on MPP or x402 discloses real transaction flow through XRPL. Until then, this is Ripple securing optionality in a standards race that hasn’t been decided, not confirmation that agents are paying in XRP at any meaningful scale.
Discover: The Best Token Presales
The post Ripple News: MPP AI kit as XRP Payment Demand Rises appeared first on Cryptonews.
Crypto World
Stock Market Today: Dow Rises In Day 2 Fed Reaction; Generac, Nebius, Bloom Energy, SpaceX Are Early Movers
Futures for the Dow Jones industrial average and other major indexes rose strongly early Thursday, rebounding with the help of a better-than-expected reports on jobs and manufacturing after declining in the prior session on hawkish comments from the Federal Reserve. Crude oil prices and Treasury yields retreated on the stock market today. Generac (GNRC) and Nebius (NBIS) were big winners…
Copyright ©2026 Investor’s Business Daily, LLC. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8
Crypto World
Former Hut 8 CEO Jaime Leverton to lead Zcash miner Fortitude ahead of Nasdaq debut
Leverton most recently led institutional digital-asset manager ReserveOne. She previously served as CEO of bitcoin miner Hut 8, overseeing its merger with US Bitcoin Corp. and its transition from a Canadian-listed miner into a U.S.-domiciled company with bitcoin mining and high-performance computing operations.
Her appointment comes as Fortitude expands its exposure to Zcash, whose ZEC token has risen more than 2,000% over the past year. Its market capitalization is roughly $21 billion.
Fortitude mined 72,696 ZEC during the six months through June, about 28% of the network’s total production during that period. The company reported second-quarter revenue of $20.9 million.
The miner operates more than 60 megawatts of power capacity across seven sites in South Dakota, Nebraska, Texas and New York.
“Fortitude is taking a differentiated approach to mining,” Leverton said in the release, pointing to the company’s combination of owned power, mining sites and in-house operations.
The company describes itself as a “venture mining” platform that allocates capital across proof-of-work networks while maintaining a primary focus on Zcash. The company is wholly owned by Barry Silbert’s Digital Currency Group.
Childs said she will concentrate on mining operations, fleet and infrastructure strategy, and industry relationships in her new role as COO.
Crypto World
NEAR crosses $70 million in confidential TVL, unlocking first incentive drop
NEAR has surpassed $70 million in confidential total value locked, automatically triggering the first snapshot under its [email protected] incentive program and setting aside 333,333 milestone tokens for eligible users.
Summary
- NEAR’s confidential TVL has crossed $70 million, triggering the first snapshot under the [email protected] incentive program.
- The snapshot allocates 333,333 milestone tokens to eligible users who maintain more than $100 in confidential balances and have an active swap history.
- Rewards remain locked until NEAR’s three day VWAP reaches at least $3.33, while individual wallets are capped at 2% of the distribution.
- Confidential Intents currently supports private execution across more than 30 connected blockchains.
According to a Sept. 17 announcement from NEAR shared with crypto.news, the milestone was reached through Confidential Intents, its private execution system for cross chain transactions, with the snapshot determining eligibility for the first reward distribution.
Users who qualify for the first drop must maintain more than $100 in confidential balances and have an active swap history. The milestone tokens will remain locked until NEAR’s three day volume weighted average price reaches at least $3.33, when they can convert into NEAR.
The incentive program places a 2% cap on the amount that can be allocated to any single wallet. NEAR said the restriction is intended to limit concentration and spread the distribution across more participants.
NEAR confidential TVL triggers first token snapshot
Confidential Intents routes transactions through a private NEAR shard, which NEAR says removes transactions from public mempool exposure and protects users from front running, strategy leakage and other forms of maximal extractable value.
The system is designed to provide confidential execution without relying on the computational requirements associated with zero knowledge systems, according to NEAR. Its confidential liquidity can be used for high volume swaps across connected blockchains without publicly linking the activity to the party behind the transaction.
Live data cited by NEAR showed confidential TVL crossing the $70 million threshold required for the first phase of the [email protected] program. Independent NEAR Intents tracking data showed the figure at approximately $70.8 million on Sept. 17.
Alex Shevchenko, general manager of NEAR Intents, said the growth showed demand for confidential execution was extending beyond a specialized segment of the market.
“Confidentiality is quickly becoming a core requirement for the industry, and NEAR is becoming the rail to make it the new default,” Shevchenko said.
He said combining cross chain liquidity with protection against front running, strategy leakage and other forms of MEV gives institutions and decentralized finance users a way to transact at scale while retaining privacy.
The $70 million threshold closes the first phase of the [email protected] campaign. NEAR said Confidential Intents currently supports execution across more than 30 connected blockchains.
NEAR Intents expands cross chain infrastructure
NEAR has been building Intents as an abstraction layer for transactions that move across different blockchain networks. Instead of requiring a user or application to manually determine how a transaction should move between chains, users specify the intended outcome and solvers compete to execute it.
As crypto.news previously reported, NEAR has positioned Intents as part of its infrastructure for autonomous AI agents that may need to transact across several blockchains without separately managing assets and transaction routes on each network.
By June, cumulative fees generated by NEAR Intents had surpassed $35.4 million, while average daily fees during that month were above $125,000. The protocol has connected the system with its plan to provide a common settlement layer for cross chain activity and software agents.
Confidential Intents extends that system by placing privacy around execution. NEAR has developed the feature alongside other privacy tools for areas including onchain treasury management, payroll, multisig operations and balance management.
The network’s cross chain infrastructure has continued to gain integrations. An Aptos integration with NEAR Intents gave users access to one click transfers involving assets such as Bitcoin, Ethereum and XRP across more than 20 blockchains. Developers were given access through the 1 Click Swap API, which allows applications to integrate Intents without requiring users to manually operate bridges.
NEAR has tied the infrastructure to its work around AI agents, where software may need to execute payments or trades without manually navigating individual blockchain networks.
Confidential execution fits into NEAR’s AI strategy
Privacy has become part of NEAR’s push to build infrastructure for autonomous agents. The network argues that software handling payments, trading strategies and other financial activity may need to keep transaction details or user information from becoming publicly visible.
In July, NEAR introduced a staking based AI payment system that lets users lock NEAR to receive monthly compute credits for its AI platform. The tokens are not spent and can be recovered when users unstake them.
At launch, the mechanism covered 43 AI models available through NEAR AI, including models from OpenAI, Anthropic and Google. NEAR said users could access confidential AI inference and hosted autonomous agents without providing a credit card or maintaining a conventional cloud billing account.
The protocol has separately introduced automatic anonymization for personally identifiable information contained in prompts sent to closed AI models. NEAR said the system removes sensitive information before prompts reach external inference infrastructure.
A network upgrade released in June introduced dynamic resharding, allowing blockchain capacity to adjust as transaction demand changes. The same release introduced post quantum secure signatures, giving u
Crypto World
Where Do Latin America's Dollars Actually Live?
Washington’s stablecoin debate is about characteristics: who can issue one, what has to back it, and how it gets audited. The Federal Reserve, the US central bank, and the OCC, the regulator that supervises the country’s national banks, cannot simply accept that a token is worth one dollar; they have to control who is allowed to make that promise.
Because a dollar-pegged token is, in a real sense, a representation of the country’s own currency.
Latin America is regulating something structurally different: access to a currency none of its governments control. For a saver in Buenos Aires, Bogota, or Mexico City, whether the token behind their savings is USDC, USDT, or whatever wins that fight barely matters, as long as it holds its peg and the custodian is solvent.
That asymmetry explains a mistake regional regulators keep edging toward: importing Washington’s fight over issuer specs, when the real problem here is different, and harder.
The real question is not which stablecoin wins. It is where the dollars backing it should live.
Offshore Dollars Become a Domestic Policy Problem
A dollar in a reserve account in New York does the same job, on a user’s screen, as a dollar in a reserve account in Buenos Aires or Sao Paulo. But for a regulator in a region where hard currency has been the state’s scarcest resource for decades, those two dollars are not equivalent. One is available to the local financial system under stress. The other is not.
Argentina remains the world’s most dollarized crypto market by share of volume, but the pattern is regional: in Brazil, institutional stablecoin volume jumped from 5% of local crypto flows in 2024 to 84% in 2025, and Mexico’s Senate is now debating a bill to regulate peso-pegged stablecoins.
A rising share of household and corporate dollars sitting in instruments reserved entirely offshore will, sooner or later, look like a policy problem worth solving, not a market outcome to shrug at.
Should Latin America Force Some of Those Dollars Back Home?
This has a preview. In July, Kenya’s Treasury proposed requiring stablecoin issuers to hold at least 30 percent of customer funds in banks domiciled in the country. No Latin American regulator has proposed anything like it yet, but the logic behind Kenya’s rule, chronic dollar scarcity meeting a financial system trying to claw back some claim on flows it can no longer prevent, is arguably more acute in Argentina or Venezuela than in Kenya. I would be surprised if nobody in the region’s finance ministries is already sketching something similar.
I do not think this is an easy call. None of the region’s frameworks so far, not Argentina’s PSAV regime, not Brazil’s rules in force since February, not the bill in Mexico’s Senate, have tried to solve this yet, and one of their underappreciated virtues is that they have not.
My read: mandating local reserves would fragment liquidity that today lives almost entirely in USDT and USDC, strip domestically-backed instruments of the convertibility that makes them useful for remittances, and likely push demand toward unregulated rails instead of compliant ones. That defeats the point of the rule.
The alternative worth building toward is coexistence: locally-reserved and offshore-reserved dollar instruments operating under supervision, moving freely between each other, letting users decide where their dollars live.
Whether the region gets there, or defaults to Kenya’s blunter instrument once dollarization is impossible to ignore, will decide how much of Latin America’s dollar savings stays inside a supervised system, and how much goes looking for the door.
The post Where Do Latin America's Dollars Actually Live? appeared first on BeInCrypto.
-
Fashion6 days agoWeekend Open Thread – Corporette.com
-
Tech4 days agoThe Latest Weird Thing to Play Doom Is the Mapped-Out Brain of a Fruit Fly
-
Business6 days ago10 Most-Streamed Songs On Spotify In 2026 So Far, Led By Ella Langley’s Dominant Run On The Charts This Year
-
Crypto World6 days agoXAG/USD: Silver’s Short-Term Rally Meets Its Moment of Truth
-
Crypto World7 days ago2 Chip Stocks Broke Out This Week. Neither Was Nvidia
-
Tech7 days agoBattery life is the only iPhone 18 Pro and iPhone Duo upgrade I care about. Apple didn’t disappoint
-
Crypto World7 days agoOKX launches 10x OpenAI, Anthropic X-Perps in Europe
-
Crypto World6 days agoDiesel Tops $6 a Gallon for the First Time as 28 States Set Records
-
Crypto World3 days agoKraken Lets xStocks Holders Earn Yield Through DeFi
-
Business7 days agoWestern Digital Slips 2.7% as AI Storage Rally Cools After Record Cash and Guidance
-
Crypto World3 days agoElon Musk Drops a Bombshell: Grok 5 Could Be the AGI Breakthrough
-
News Videos6 days agoFacing Financial Fears
-
Business4 days agoRivals Sam Altman and Elon Musk Rally Behind Dario Amodei’s Call for a Slowdown in AI Development
-
Crypto World7 days ago
Ethereum Price Analysis: Consolidation at $2.5K Tests Momentum as On-Chain Activity Surges
-
Crypto World5 days agoCan AI Build a Startup in 72 Hours? Elon Musk's Team Will Livestream the Test
-
Entertainment6 days agoNews Specials, Movies, Shows, More
-
NewsBeat3 days ago‘Sick conspiracy’: Trump says only guardrails AI needs is ‘a strong and smart (High IQ!) president’ in all-caps rant
-
Crypto World14 hours agoUS Charges Robinhood Engineers Over Crypto Listing Trades
-
Crypto World6 days agoBitcoin ETFs Pull $167M as 2026’s Best Inflow Run Slows
-
Crypto World7 days agoUS CPI forecast at 3.4% as tariff risks build

You must be logged in to post a comment Login