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CoinEx to Shut Down After 9 Years, Blames Crypto Contraction

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Crypto Breaking News

CoinEx, a cryptocurrency exchange launched in December 2017 by the ViaBTC mining pool, says it is winding down its trading operations amid a prolonged downturn that has pressured volumes and liquidity. In an announcement shared on Tuesday, the platform cited sinking market activity as well as increasing regulatory and compliance burdens that it says have become difficult to manage over time.

CoinEx’s shutdown will be phased: new sign-ups will be stopped first, trading will gradually be curtailed across its derivatives and then spot markets, and withdrawals will conclude at the end of a scheduled withdrawal window. The exchange also plans to buy back its CET token at its initial listing price of 0.005 USDT per token.

Key takeaways

  • CoinEx will halt new user registrations, rewards, and referral commissions as part of an operational wind-down.
  • Futures trading will shift to “Reduce-Only,” and the exchange will stop taking new orders or subscriptions across multiple non-spot and related services.
  • From Sept. 29, CoinEx says it will discontinue spot trading and process non-USDT assets.
  • By Dec. 22, the withdrawal window ends and the platform ceases operations; remaining USDT will be moved to an independent custodian with a monthly custody fee.
  • CoinEx Wallet and CoinEx Vault will remain operational, as they run independently of the exchange.

A phased exit from exchange services

CoinEx framed its decision as a recognition that the exchange has struggled to reach the scale of leading trading venues, while compliance and security risks have grown increasingly hard to contain. In a statement attributed to CoinEx CEO Haipo Yang, the executive said the company has accepted what it describes as a “hard truth,” pointing to both operational realities and the broader risk profile of running a crypto exchange.

Under the plan described in the announcement, CoinEx will first stop new user registrations along with referral commissions and other rewards. It will also move futures contracts into a “Reduce-Only” mode, a common structure used by exchanges during wind-downs to limit further leverage building while allowing existing positions to be closed.

CoinEx further said it will stop accepting new orders or subscriptions across fiat, margin trading, lending, earn, staking, and strategic trading services. This effectively freezes the majority of activities beyond pure withdrawals, aiming to transition users toward an orderly exit rather than continued product expansion.

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Dates that traders and depositors should track

The company’s shutdown timeline is detailed in several steps. Starting Sept. 22, CoinEx says it will discontinue all non-spot services and onchain deposits, with the exception of CET deposits. That exception suggests CET will remain the only token flow supported during the early portion of the wind-down, potentially reflecting the exchange’s plan to address CET holders through a buyback.

From Sept. 29, CoinEx says it will end all spot trading services and process non-USDT assets. For users with assets on the platform, this matters because it signals the shift from a market-facing platform to a custody-and-redemption phase, where activity is increasingly about settlement and withdrawal rather than trading.

Finally, CoinEx states that the withdrawal period will end on Dec. 22, when the platform will cease operations. Any USDT that users have not withdrawn will be transferred to an independent custodian, which will charge a monthly custody fee. This is an important detail for users who may be deciding whether to withdraw immediately or wait; it implies costs may persist after the trading platform itself has stopped operating.

CET buyback and token holders

CoinEx says it will buy back CET at its initial listing price of 0.005 USDT per token. The announcement adds that this level is slightly higher than the CET price on Monday before the shutdown announcement. While the buyback mechanism is meant to address token holders during the exit process, users will still need to pay attention to how and when redemption will occur, particularly if any parts of the exchange’s functions are paused ahead of the final withdrawal deadline.

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Notably, the company’s plan to allow only CET deposits after Sept. 22 reinforces that CET is at the center of the wind-down’s remaining token-related activity, at least through the early stages.

Why CoinEx’s shutdown fits a broader industry pattern

CoinEx’s exit joins a string of exchange failures and shutdowns reported earlier this year, including BitMart, BitMEX, and AscendEX. In the CoinEx announcement, the reasons are presented as a combination of market conditions and structural pressure: trading volumes and liquidity have deteriorated during the crypto downturn, and compliance and security costs have reportedly increased at the same time.

That combination is particularly relevant for users and market participants because it suggests a shift in what keeps exchanges viable. Even platforms with established brands can struggle if order books thin out for long periods, lowering revenue while compliance workloads and risk management demands continue.

CoinEx’s approach—phasing down products, moving futures to reduce-only, stopping new orders, then eventually ending spot trading and withdrawals—mirrors common wind-down playbooks intended to reduce operational risk while managing user exits. Still, the practical effect for traders is that liquidity and platform functionality will likely contract in stages, which can make position management and withdrawal planning time-sensitive.

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What remains available

CoinEx says its CoinEx Wallet and CoinEx Vault will remain fully operational because they are run independently from the exchange. For users, this distinction is significant: it suggests that even as exchange trading shuts down, some related services may continue to function, reducing the need for users to rebuild or transfer assets immediately—though the company’s later schedule still indicates that exchange withdrawals will ultimately be the main path out before Dec. 22.

As CoinEx’s timeline progresses, the key question for users will be whether CET deposits, asset processing, and withdrawal handling proceed as announced—especially around the Sept. 29 spot discontinuation and the Dec. 22 end of withdrawals. Those dates will likely determine how quickly users need to act to avoid any last-minute custody transitions or fees tied to USDT remaining on the platform.

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World Liberty Financial Unveils Token-Lock Rewards to Boost Governance Turnout

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World Liberty Financial has put a new governance proposal up for a vote on its forum, offering rewards for holders of its native WLFI token who lock them and actually vote instead of just sitting on them.

The plan sets a target launch date of October 1, and it changes how the Trump-linked project wants its token used, tying payouts to active participation.

The Proposal, In Plain Terms

The WLFI Governance Engagement Incentive Program calls for a minimum 180-day lock through a non-custodial, on-chain protocol. But locking alone isn’t enough. Holders will have to vote on at least one governance proposal every 90 days to stay eligible for rewards, and World Liberty has committed to putting up at least one vote per quarter, so there’s always something to vote on.

Rewards would come from a dynamic pool funded by ecosystem sources, including fees from World Liberty Markets and Dolomite. That pool tops up every two weeks as the project grows, and if fewer tokens lock early, the early participants could capture a larger share.

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A 5% cap on voting-power concentration through the staking protocol keeps any single position from dominating votes, and every WLFI holder will keep their governance rights whether or not they lock anything.

The proposal has so far drawn dozens of replies on the forum, most of them being brief endorsements. It was largely the same on X, with trader Elja calling the plan “one of the more interesting developments for $WLFI holders,” framing it as a way to reward commitment rather than passive holding.

New Incentive Follows Earlier Staking Plans

This isn’t WLFI’s first attempt at tying governance to staking. The project floated a tiered Node and Super Node staking system back in March, one built around bigger lockups unlocking OTC access and partnership perks. But this new one is narrower and centers on voting instead of tiers.

It has also come at a time when World Liberty is still dealing with Justin Sun’s lawsuit over frozen tokens and governance rights, a case that stayed in open court after a ruling against the company last month.

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The news has barely stirred the WLFI token itself, with data from CoinGecko at the time of writing showing it trading just below $0.060, down about 1.4% in 24 hours, although it was 2% higher than where it had been a week ago. It is also sitting more than 70% below its price from one year ago, and it even touched a new all-time low near $0.048 just four days ago, a steep drop from the $0.33 high it hit last September.

The post World Liberty Financial Unveils Token-Lock Rewards to Boost Governance Turnout appeared first on CryptoPotato.

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Solana Raises Maximum Transaction Size to 4,096 Bytes

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Solana Raises Maximum Transaction Size to 4,096 Bytes

Solana raised its maximum transaction size from 1,232 bytes to 4,096 bytes to allow developers to fit more complex operations into a single transaction, including zero-knowledge proofs and new onchain signature schemes.

The upgrade was activated on mainnet on Tuesday at the start of epoch 1,035 around 1:00 am UTC, according to blockchain data shared by the Solana Foundation.

The upgrade also introduced the v1 transaction format, which maintains full backward compatibility with legacy transactions. Existing transaction formats continue working for applications and wallet providers, but protocols that want to benefit from the size increase need to update to v1 transactions.

A spokesperson for the Solana Foundation told Cointelegraph that the upgrade mainly aims to help developers “do more” with applications such as zero-knowledge proofs, transactions requiring multiple signatures and new onchain signature schemes, by unlocking workloads that previously couldn’t fit inside a single transaction.

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In August, Solana reduced its slot time from 400 milliseconds to 350ms. In June, the Solana Foundation shared plans to reduce slot times from 400ms to 200ms, arguing that it would improve latency and accelerate confirmations on the blockchain network.

Solana validators approved on Aug. 28 a proposal to double the network’s annual disinflation rate, reducing future issuance of Solana (SOL), the network’s native token.

Related: Solana sees record 263K tokens issued in a single day

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

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Revolut faces UK probe after 680 customers exposed

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Revolut faces UK probe after 680 customers exposed

Revolut has notified 680 customers after cybercriminals used a legitimate government email account to obtain sensitive identity, banking and Bitcoin-related records.

Summary

  • Financial Times reports Revolut notified 680 customers after fraudulent requests exposed identity and financial records.
  • Attackers used a legitimate government agency email domain, while Revolut says its systems remained uncompromised.
  • Exposed records included passports, addresses, verification selfies, account statements, IBANs and customer Bitcoin transaction histories.
  • Britain’s Information Commissioner’s Office has opened an investigation after Revolut reported the incident to regulators.
  • Former Mt. Gox chief Mark Karpelès said Revolut warned him his information was exposed Friday.

The Financial Times reported that the fintech contacted 680 people identified during its initial investigation, while Revolut itself has publicly described the affected group only as a “very limited” number of customers. The company has not released an official numerical count.

Revolut confirmed that an unauthorized third party submitted fraudulent information requests from an email account using a legitimate government agency domain. The company treated the requests as genuine before discovering the impersonation scheme.

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Revolut data breach came through a legitimate government domain

Unlike an intrusion into Revolut’s own network, the incident involved information being released after deceptive requests reached the company through an apparently authentic government channel. Revolut described the episode as a “sophisticated external impersonation scam.”

A customer notice reviewed by TechCrunch said the communication carried valid domain-authentication credentials, which led Revolut to believe it had received a genuine government request. The company has not named the agency involved or explained publicly how the third party gained control of the government email account.

Revolut said it blocked the address once the fraud was detected and contacted the government agency concerned, law enforcement, data-protection authorities and financial regulators. A spokesperson maintained that “Revolut systems and customer funds are unaffected.”

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The company’s public page for official information requests directs competent authorities and legal representatives to a dedicated court-orders address. It asks authorities to submit one email for each case, although Revolut has not publicly described which verification steps were applied to the fraudulent requests involved in the breach.

As crypto.news reported when the incident first emerged, on-chain investigator ZachXBT circulated a copy of a customer notification and said the incident appeared limited in size and potentially focused on high-net-worth users. Revolut has not confirmed that assessment.

Exposed data included identity files and Bitcoin activity

Customer notices reviewed by multiple outlets listed a large range of personal information that may have been disclosed. The records included full names, dates of birth, occupations, home addresses, email addresses and telephone numbers.

Copies of passports or driver’s licenses and the selfies submitted during identity verification were among the listed records. Revolut’s notice distinguished those verification images from biometric facial telemetry, which it said was not part of the information involved.

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Financial information went beyond basic account details. Customer statements could contain IBANs, account-opening dates, account status, withdrawal records and complete transaction histories. For crypto customers, the material included Bitcoin transactions and wallet reference numbers shown in account records.

The notice did not state that private keys, account passwords or full payment-card credentials were supplied to the unauthorized requester. It listed categories of records that may have been disclosed, meaning the available evidence does not establish that every affected person had every listed category exposed.

The Financial Times later reported that former Mt. Gox CEO Mark Karpelès was among the affected customers. Karpelès said Revolut emailed him at 5:25 a.m. on Sept. 12 warning that his information may have been compromised.

Karpelès questioned why the fintech released the records even though the request came from a verified government address. His criticism represents his assessment of Revolut’s handling of the request and not a regulatory finding against the company.

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Crypto.news has detailed Karpelès’ history as the former operator of Mt. Gox, the Bitcoin exchange that collapsed in 2014 following the loss of customer cryptocurrency.

Extortion claims emerge as customer files surface

People claiming responsibility for the incident have threatened to release customer information unless Revolut pays an extortion demand, according to the Financial Times and Recorded Future News. Revolut declined to comment to Recorded Future News on whether it had received or was responding to an extortion demand.

Recorded Future News reported that material circulated through a Telegram account claiming involvement in the incident. One customer whose information appeared in the material did not dispute its authenticity, while cryptocurrency entrepreneur Marc Zeller separately said information belonging to him had been exposed.

Parts of the attackers’ story remain unverified. The Telegram account suggested that the government email came from an Italian domain, but Recorded Future News said it could not confirm all details in the account’s posts. Italian authorities contacted by the publication had not responded, and the Telegram account was later suspended.

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Revolut has not publicly identified the government agency whose email system was used. No official statement located as of Sept. 15 establishes how the account was compromised, whether credentials were stolen, or whether the same government email access was used against other financial institutions.

The FBI has previously warned companies about criminals obtaining access to law-enforcement and government email accounts and using them to submit fraudulent emergency data requests. Recorded Future News noted that similar tactics were used against technology companies during earlier attacks involving compromised law-enforcement accounts.

UK privacy regulator is investigating the disclosure

Britain’s Information Commissioner’s Office has opened an investigation after Revolut reported the incident, the Financial Times reported Monday. An investigation does not by itself establish that Revolut breached UK data-protection law.

Under ICO guidance, organizations generally must notify the regulator within 72 hours of becoming aware of a reportable personal-data breach. Where an incident creates a high risk to individuals’ rights and freedoms, affected people must be informed without undue delay.

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Revolut said it directly contacted the customers it believed were affected. Its public statement says it notified the relevant government agency, enforcement bodies, data-protection authorities and financial regulators after identifying the fraudulent requests.

The case arrives months after Revolut received approval to operate a full UK bank. As crypto.news reported in March, Prudential Regulation Authority approval allowed Revolut Bank UK to begin operating with banking status and deposit protection for eligible customer deposits. Crypto trading remains outside that deposit-protection structure.

Revolut serves more than 80 million customers worldwide, according to the company figure cited by TechCrunch and Recorded Future News. The 680 people identified by the Financial Times represent the current reported count from the investigation and should not be treated as a final figure unless Revolut or regulators publish an updated total.

The ICO’s published guidance says investigators may examine the type of data exposed, the number of people involved, potential harm and the technical or organizational safeguards used before deciding whether regulatory action is warranted.

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What Is Actually New About the AI Revolution?

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What Is Actually New About the AI Revolution?

Understanding what’s the same and what’s different about this moment for AI and work, and how we can build on what we already know, is crucial. If you’re new to AI, I will offer you a map of essential concepts so you can navigate confidently. If you’ve been here for a while, I will reframe the challenge, moving the conversation toward leadership and collaboration rather than technical mastery alone.

After all, how we choose to work with AI, and who we’ll become in the process, is something we still get to decide.

What’s different about today’s AI?

A number of factors have propelled today’s AI from data science laboratories into the center of everyday business conversations. The technology has not only gotten more powerful, but harder to ignore.

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Generalists, not specialists: 

For decades, AI was used behind the scenes, embedded in models that (for example) predicted customer churn or flagged fraud. Those systems were specialists, usually trained for one narrow task and confined to it. Today’s AI models are generalists. These “foundation models” are vast neural networks trained on oceans of data and capable of being adapted across contexts. The same model that helps a developer write code can also be harnessed to help a marketer write copy or an HR leader write a job description. 

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CLARITY Act Support Drops to 16% as Key Democrats Reject Final GOP Offer

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Crypto Breaking News

Momentum for the CLARITY Act in the US Senate has cooled sharply after a brief optimism spike on Polymarket. Odds that the bill would become law this year climbed the day before, then fell again on Monday as Democrats raised concerns that the latest Republican proposal still does not satisfy their conditions—particularly around ethics enforcement.

Republicans have reportedly offered revised language that expands ethics provisions, and Polymarket had earlier reflected that shift with odds rising to around 35%. By Monday, however, traders saw the prospects weaken, with the odds dropping as low as 16%. The outcome matters not just for legislative timing: the CLARITY Act would influence how the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) divide oversight responsibilities across the crypto market.

Key takeaways

  • Polymarket odds for the CLARITY Act passing this year fell sharply again on Monday, after having spiked earlier.
  • Democrats involved in negotiations reportedly said the revised Republican ethics language is still insufficient.
  • Republicans need 60 votes to advance the bill; a failed vote could delay legislation that affects SEC–CFTC jurisdiction.
  • Separate opposition is coming from tribal gaming interests and multiple banking trade groups, citing both prediction-market concerns and stablecoin loopholes.

Why Polymarket’s odds reversed

Polymarket traders initially responded positively to a newly revised Republican proposal, viewing added ethics provisions as a step toward agreement. The event page tied to the claim that the act would be signed into law in 2026 showed odds reaching about 35% following the disclosure of the updated text, as covered earlier by Cointelegraph in reporting on “US Republicans send final CLARITY Act offer to Democrats” (https://cointelegraph.com/news/us-republicans-send-final-clarity-act-offer-to-democrats).

But as reservations about that revised language surfaced among Democrats, confidence cooled. The Polymarket odds slid again during Monday trading, indicating that market participants began pricing in a lower probability that the bill could clear the procedural hurdle required to move toward a floor vote.

Senator Mark Warner—who is described in negotiations coverage as being involved in the talks—reportedly indicated that the revised ethics provision did not go far enough. Separately, reporting referenced in the original coverage points to Democrats preparing a counterproposal on Monday, suggesting that talks had not yet reached the kind of consensus needed to lock down support.

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Ethics provisions remain the sticking point

Much of Monday’s shift appears tied to how Democrats interpret the revised ethics terms. Punchbowl News’ Brendan Pedersen reported that Senator Raphael Warnock said Democrats should not advance legislation that fails to address corruption risks happening “in real time,” a formulation that underscores a broad enforcement concern rather than a narrow drafting dispute.

Pedersen also reported remarks from Senator Ruben Gallego that the latest ethics offer left “much to be desired,” and that he intended to work on a counterproposal. In addition, the reporting cited that staff for Senator Elizabeth Warren circulated talking points arguing that the proposed state attorney general enforcement mechanism could be overridden by a determination from White House ethics officials.

According to Politico’s Jasper Goodman, Democrats sent their counterproposal to Republican negotiators, citing three people with knowledge of the matter. At the same time, the negotiations do not have unanimous Democratic buy-in: Politico reported that Senator Kirsten Gillibrand privately urged colleagues to support the procedural motion, implying that while opposition is growing, there may still be enough support among certain members to prevent the measure from collapsing outright—unless the wider math fails.

On the other side, Republican Senator Cynthia Lummis said President Donald Trump had accepted two significant ethics provisions and claimed there was “nothing left to give.” This sets up a familiar tension in legislative bargaining: Democrats may view the remaining gaps as core to enforcement credibility, while Republicans may view further changes as unnecessary or politically costly.

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Opposition broadens beyond party lines

The uncertainty around procedural success is compounded by objections from groups outside Congress. The original coverage highlighted opposition from a coalition of 18 state attorneys general, adding another layer of political risk around the bill’s ethics and enforcement framework.

Tribal gaming interests are also weighing in. The Indian Gaming Association urged member tribes to press senators to vote against the bill, arguing that its proposed decentralized finance changes do not address Indian Country’s concerns regarding prediction markets. The association’s key request was explicit language clarifying that federal commodities law does not preempt tribal or state gaming laws, including protections under the Indian Gaming Regulatory Act. The call was issued through an alert urging senators to vote “no” on the CLARITY Act (https://indiangaming.org/urgent-tribal-action-alert-call-your-senators-today-vote-no-on-the-clarity-act/).

Banking trade groups also criticized the revised text. Eight banking groups said the latest version did not close what they described as loopholes enabling stablecoin rewards that function like deposit interest. They further argued that the proposed regulatory “circuit breaker” would activate only after substantial deposit flight from community banks had already occurred—an objection that frames the mechanism as too slow to prevent harm rather than too strict to be workable.

Meanwhile, crypto industry advocacy groups pressed senators to move the bill forward. In a statement released Monday, Blockchain Association CEO Summer Mersinger argued that the industry had made significant concessions to build bipartisan support and urged a yes vote. Her reasoning, as reflected in the source coverage, emphasized clearer rules, consumer protections, and deterrence of illicit activity, along with concerns that uncertainty could push jobs and innovation abroad.

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What happens next for Senate voting

The next test is whether Republicans can secure the 60 votes needed to advance the bill. If that support falls short on Tuesday, the legislation could stall, extending the timeline for any SEC–CFTC jurisdiction framework that the CLARITY Act would establish. That makes Monday’s negotiations signals particularly important: when Democrats describe the ethics package as still inadequate, it can rapidly undermine the coalition needed to reach the procedural threshold.

For now, readers should watch two developments closely: whether Democrats’ counterproposal gains traction with Republicans, and whether external opposition—from state attorney general groups, tribal organizations, and banking trade groups—translates into additional voting pressure. If the ethics dispute continues to widen rather than narrow, Polymarket’s swing suggests traders will likely keep treating passage as less likely, even if supporters argue that a final push is still possible.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Chip Stocks Sink on AI Slowdown Calls, But Analysts Doubt a Crash Is Near

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Like its US counterparts, SK Hynix also felt the sting of the AI Safety fears.

Chip stocks extended a rout on Monday, triggered by an AI slowdown call from Anthropic CEO Dario Amodei that sent the Philadelphia Semiconductor Index down as much as 5.9%.

Nvidia fell 3.4%, Broadcom slid nearly 5%, and Micron and AMD each dropped more than 4%, dragging the Nasdaq 100 down as much as 1.3% and reviving debate over whether AI-linked valuations face a sharper correction.

AI Slowdown Selloff Reaches Asia

South Korea’s SK Hynix slid roughly 7.6% in sympathy with its US peers, tied to the same AI infrastructure buildout, Seoul Economic Daily reported.

Like its US counterparts, SK Hynix also felt the sting of the AI Safety fears.
Like its US counterparts, SK Hynix also felt the sting of the AI Safety fears. Image Source: Trading View

Amodei’s essay argued the most advanced AI systems risk slipping beyond human control without deliberate restraint. OpenAI’s Sam Altman and xAI’s Elon Musk both endorsed the call.

Is a Crash Actually Coming

Not every analyst reads this as the start of something bigger. Bank of America semiconductor analyst Vivek Arya called the reaction background noise.

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“We view these events as noise relative to a secular market where AI-capex could surge 3x to $3tn+ by decade-end.”

Arya noted the chip index still trades near 19 times forward earnings, roughly matching the S&P 500, despite earnings growth running about seven times faster than the broader market. The index has still gained 67% so far in 2026, making Monday’s slide look modest by comparison.

Other investors see more fragility. BeInCrypto has previously flagged circular financing concerns around Nvidia’s expanding role as both chip supplier and financier to its own AI customers, a structure some compare to the vendor financing that preceded the dot-com bust.

The gap between the two camps comes down to one question. Does AI monetization keep pace with the spending it has already justified?

Strong earnings from Nvidia and its customers could make this pullback temporary. A slower order book, or a verified case of models acting beyond expected limits, would test that thesis quickly.

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The post Chip Stocks Sink on AI Slowdown Calls, But Analysts Doubt a Crash Is Near appeared first on BeInCrypto.

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NVIDIA Analysis: Attempted Rising Wedge Breakout Amid Pressure on the AI Sector

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NVIDIA Analysis: Attempted Rising Wedge Breakout Amid Pressure on the AI Sector

Nvidia’s short-term fundamental backdrop has deteriorated. On 14 September, the company’s shares fell 3.4% amid a sell-off in AI-related stocks driven by concerns over a potential slowdown in the pace of artificial intelligence development. However, Nvidia’s business outlook remains strong, with the company forecasting revenue growth of around 70% in fiscal 2028. An additional risk factor is a US Department of Justice investigation into Nvidia’s $17 billion agreement with Groq over potential attempts to circumvent antitrust oversight.

NVIDIA Technical Analysis

On the NVDA four-hour chart, a corrective phase developed following a pronounced uptrend. After the correction ended, the price resumed its advance and formed a pattern resembling a rising wedge. The price subsequently broke below not only the wedge but also the current profile boundary around $220.00 and is now attempting to establish itself below this level. If the price manages to hold below the profile, the next potential target could be the green support level at $207.00.

If the price returns to the market profile, attention could shift to the Point of Control (POC) at $225.50, followed by the upper part of the profile at $230.50. Above the profile, at the top of the pattern, lies the red resistance level at $234.00. The RSI + MAs indicator shows readings of 35, 50 and 50. The RSI has moved out of the neutral zone, while both moving averages remain within it, meaning it is still too early to confirm the breakout.

Key Takeaways

The price has broken below the rising wedge, but the RSI + MAs indicator has yet to confirm further downside. At the same time, the short-term fundamental backdrop remains mixed: pressure on the AI sector has increased, although Nvidia’s business outlook remains strong.

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XRP and XLM Explode 8% as the CLARITY Act Nears Crucial Vote

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XRP and XLM Prices Performance.

XRP and XLM prices exploded more than 8% on September 14, as traders positioned ahead of a pivotal Senate procedural vote on the Digital Asset Market Clarity Act (CLARITY Act).

XRP climbed to $1.47, up 8.42%, while XLM surged even harder to $0.1949, gaining 8.44%.

What’s Driving the Rally in XRP and XLM

The CLARITY Act aims to draw clearer jurisdictional lines between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), formally classifying certain digital assets as commodities rather than securities.

Both tokens stand to benefit meaningfully if the bill eventually becomes law. In March 2026, the SEC and CFTC had already identified XRP and XLM, along with HBAR, as examples of digital commodities in joint guidance.

XRP and XLM Prices Performance.
XRP and XLM Price Performance. Source: CoinGecko

Codifying that classification into statute would reduce the residual legal uncertainty that has specifically constrained institutional participation in payment and settlement networks.

XRP has long been associated with cross-border payments and institutional settlement rails. XLM, through the Stellar network, has drawn attention for low-cost transfers and recent connections to traditional financial infrastructure, including a U.S. Bank cross-border stablecoin pilot completed on the network just days before the vote.

Senate Republicans released what they called the final draft late on September 13, incorporating 126 substantive changes requested by Democrats.

Sponsors Cynthia Lummis, John Boozman, and Tim Scott said the 635-page text strengthens ethics provisions, expands enforcement roles for state attorneys general, and grants the Treasury new authority to address potential deposit flight from community banks tied to the use of payment stablecoins.

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What Senate Vote Could Decide

A cloture vote on the motion to proceed is scheduled for Tuesday, September 15, at 2:15 p.m. ET. The measure needs 60 votes to advance. With Republicans holding 53 seats, at least seven Democratic or independent senators would need to cross over for the GOP to remain unified.

Three unresolved disputes still complicate that math: ethics rules targeting President Trump’s reported $1.4 billion in crypto income, developer liability provisions under Section 604 affecting decentralized finance, and a stablecoin yield question threatening roughly $1.35 billion in annual Coinbase USDC rewards revenue.

Prediction markets suggest the odds of passage remain genuinely low. Polymarket pricing has fallen from 82% in February to 30% as the time of writing, while Galaxy Research pegs the probability at just 10%.

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That skepticism has not stopped the crypto market from treating each legislative milestone as a positive catalyst, regardless. Earlier advances, including the Senate Banking Committee’s 15-9 vote in May and intermittent signals of White House engagement on ethics language, produced similar short-term rallies in both tokens.

Failure to invoke cloture on Tuesday would not kill the bill outright, but it would likely push comprehensive market-structure legislation past the midterms into 2027. For now, both tokens have responded positively to the latest developments, even as the underlying probability of passage remains stacked against them.

The post XRP and XLM Explode 8% as the CLARITY Act Nears Crucial Vote appeared first on BeInCrypto.

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Binance altcoin inflows hit 31,800 before Fed decision

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Binance altcoin inflows hit 31,800 before Fed decision

Binance altcoin inflows have climbed to a seven-day average of roughly 31,800 deposit transactions as crypto markets prepare for the CLARITY Act vote and Wednesday’s Federal Reserve decision.

Summary

  • Binance altcoin deposit transactions averaged 31,800 over seven days, nearly quadrupling from July’s 8,300 level.
  • Coinbase altcoin inflows rose to 4,700 transactions while Bybit reached 2,700, according to Darkfost’s data.
  • Fed futures now price roughly 93% odds of a September rate hike before Wednesday’s decision.
  • Senate cloture on the CLARITY Act remains scheduled for 2:15 p.m. ET on September 15.
  • Bitcoin has rebounded from roughly $60,000 in late August to around $78,000 before policy events.

CryptoQuant analyst Darkfost reported the increase in a Sept. 15 market update, saying Binance’s seven-day average had risen from approximately 8,300 transactions in July. The latest figure is about 3.8 times the July level.

The same data showed increased activity at other centralized exchanges, although Binance recorded the largest count. Coinbase rose from roughly 2,200 altcoin inflow transactions to 4,700, while Bybit reached around 2,700, according to Darkfost.

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Binance altcoin inflows approach four times July levels

The data tracks the number of deposits sent to exchange wallets, not their dollar value. CryptoQuant’s exchange transactions guide defines inflow transaction count as the total number of deposits made to an exchange. CryptoQuant says an increasing count can show rising participation and exchange activity.

A high transaction count does not establish that the deposited tokens were subsequently sold. CryptoQuant states that spot-market inflows have historically been associated with increased potential selling activity because assets entering exchange wallets become available for trading. Transaction counts alone do not identify trade direction, deposit size or whether an individual depositor intends to sell.

Against that background, Darkfost said the increase “could be tied to selling pressure” but noted that pressure was not unusually high at the time of his analysis. The assessment remains an interpretation of the flow data, not confirmation that the deposited altcoins have been sold.

Binance has recorded comparable bursts of altcoin deposit activity earlier in 2026. In April, the exchange logged roughly 34,000 altcoin inflow transactions during a single-day surge, according to CryptoQuant-based reporting. Activity then was concentrated heavily at Binance and did not appear at the same scale across Coinbase and Bybit.

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The latest data differs because transaction counts have increased at several exchanges, based on Darkfost’s Sept. 15 figures.

Darkfost had found in June that 84% of Binance-listed spot altcoins were trading below their 200-day moving averages. His earlier research described a market in which altcoin performance remained closely tied to Bitcoin.

Altcoin market value has risen alongside exchange deposits

The latest increase in deposits follows a recovery across digital assets from late-August lows. Darkfost said TOTAL3, the index commonly used to track the crypto market capitalization excluding Bitcoin and Ethereum, had gained more than $136 billion over the period examined in his analysis.

TradingView’s TOTAL3 index tracks the combined market capitalization of cryptocurrencies outside Bitcoin and Ethereum. Darkfost linked the increase in altcoin value with the possibility of traders taking profits, though the transaction data does not establish that profit-taking has occurred.

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Bitcoin has meanwhile recovered sharply from its August lows. Reuters reported that BTC spent months close to two-year lows around $60,000 before rebounding above $70,000 in late August as Treasury yields briefly eased and market sentiment improved.

Bitcoin subsequently traded around $78,000 heading into Sept. 15. The move from approximately $60,000 to $78,000 represents roughly a 30% recovery, although it developed from the late-August low through September rather than occurring in only a few days.

Exchange deposits have previously risen during periods of volatility. More than 550,000 BTC had moved through deposit addresses linked to Binance and OKX while Bitcoin tested $60,000. CryptoQuant cautioned then that exchange transfers can indicate possible selling pressure without proving a sale occurred.

CLARITY Act vote gives traders the first policy test

The first major scheduled event is the U.S. Senate’s CLARITY Act procedural vote. The official Senate schedule says the cloture motion on H.R. 3633 will ripen at approximately 2:15 p.m. ET on Sept. 15.

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Cloture requires 60 votes and determines whether the Senate can proceed to consideration of the crypto market-structure legislation. It is not the final vote on passage.

Republicans released revised text before the vote after months of negotiations. Reuters reported that the latest proposal incorporates 126 changes requested by Democrats and contains revised rules covering government officials’ crypto interests. Whether those revisions secure enough votes remained uncertain Tuesday morning.

As crypto.news reported ahead of the vote, the motion needs 60 senators to advance while Republicans hold 53 seats. Democratic or independent support is therefore required even if every Republican backs cloture.

In addition, ethics rules, DeFi provisions and stablecoin rewards were among the issues still under negotiation before the Sept. 15 vote.

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Fed rate hike odds rise to 93% before Wednesday

The second scheduled test arrives one day later. The Federal Reserve’s official calendar confirms that the Federal Open Market Committee is meeting Sept. 15–16, with the September meeting accompanied by updated economic projections.

Market pricing has moved since Darkfost cited roughly 92% odds of a rate increase. Reuters reported early Tuesday that CME FedWatch probabilities had risen to approximately 93% after higher oil prices and recent economic data strengthened expectations for a hike. The probability represents futures-market pricing and is not a Federal Reserve commitment.

At the same time, the U.S. 10-year Treasury yield climbed to 5.0266% during Asian trading Tuesday, its highest level since 2007, while Brent crude remained near $107 a barrel. Reuters linked the moves to renewed inflation concerns before the Fed decision.

As crypto.news previously examined, expectations for a September hike have risen rapidly during the month. CME pricing stood near 66% when that report was published on Sept. 3, compared with roughly 93% by Sept. 15.

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Reuters reported that some market participants view a rate increase as a potential restraint on speculative assets, with independent financial researcher Joseph Edwards saying it “would likely put a damper on the recent rally.” Others cited by Reuters have focused on whether Fed Chair Kevin Warsh signals a single increase or leaves the door open to a longer tightening cycle.

The Fed’s Sept. 15–16 meeting is scheduled to conclude Wednesday, when policymakers will release their rate decision and updated Summary of Economic Projections

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AMC CEO Called Stock Tokens Fake Equity. Now Robinhood Is Responding

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Cramer Says Dump Tech Before Intel, Tesla, Alphabet Earnings: Will Inverse-Cramer Strike?

Robinhood has promised to give its stock token holders the one thing that could wreck its own legal defense; votes, and the real shares sitting behind them.

The offer landed on Monday, and comes only 10 days after the boss of cinema chain AMC called the same tokens a quasi-fake market and told Robinhood to stop selling them.

What Robinhood Users Are Actually Buying

A Robinhood stock token is not a share, it is an IOU. The tokens come from Robinhood Assets (Jersey) Limited, a company registered on a small island in the English Channel. It is not regulated, rather, each token tracks a share price and pays the cash value of dividends.

“This quasi-fake market you are creating on the island of Jersey sows distrust amongst the public about financial markets in general. There already is distrust in financial institutions, you are potentially making it far worse,” AMC CEO Adam Aron stated recently.

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What it does not do is make you an owner. You cannot vote and your name never reaches the company’s share register and you cannot hand the token back and walk away with the real stock. Robinhood now says two of those things will change.

“…they [in-kind redemption and voting rights] are coming. Step one is to scale adoption of Stock Tokens. We’re actively working on redemptions for shares 1:1 with voting for eligible Stock Token holders on the roadmap. We know how to do this well,” wrote Johann Kerbrat, Senior Vice President and General Manager of Crypto and International at Robinhood.

He gave no date, no list of countries, and no rules on who qualifies. Robinhood CEO Vlad Tenev also confirmed the plans.

Robinhood is not saying Aron is wrong. It is promising to fix the thing he complained about.

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Why AMC CEO Is Furious

Adam Aron runs AMC. On September 4 he called the tokens contemptible and said his company had nothing to do with them. AMC shares climbed 15% that morning to $2.92.

His complaint is short, seeing as AMC spends millions a year obeying American securities law. Robinhood sells something carrying AMC’s name from an island roughly 3,000 miles away.

The size of the prize is smaller than the noise. The whole AMC token market was worth about $2.8 million. AMC itself was worth $2.6 billion.

BeInCrypto wrote at the time that Aron’s next move would decide whether the clash over tokenized listings stayed a shouting match or became a real test of tokenized stock rules. Robinhood moved first, and it did not back down.

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That is where the trap opens. The whole point of Tenev’s earlier defense is that these tokens are a separate product, so AMC gets no say.

Give holders votes and real shares, and the token starts to look like the stock. Aron’s argument gets stronger the moment Robinhood keeps its promise.

The post AMC CEO Called Stock Tokens Fake Equity. Now Robinhood Is Responding appeared first on BeInCrypto.

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