Since the start of September, the cryptocurrency market has once again been influenced by macroeconomic news from the Federal Reserve.

On Sep. 3, Federal Reserve Governor Christopher Waller stated that he favors maintaining current interest rates rather than immediately raising them further. This stance alleviated market concerns regarding a potential September rate hike and boosted Bitcoin and other major crypto assets, with XRP briefly rebounding to around $1.45.

Waller’s comments drew market attention because interest rate expectations have long been a key factor influencing digital assets. A pause in rate hikes could ease upward pressure on the US dollar and Treasury yields, further heightening investor interest in digital assets, including cryptocurrencies.

Why is XRP back in the spotlight?

Amid shifting expectations regarding Fed policy, XRP has returned to investors’ radar. Recent market data shows XRP rebounding to approximately $1.45 in early September, posting a gain of about 5% over the past week and a cumulative rise of roughly 37% over the last month. Meanwhile, continued inflows into XRP spot ETFs have further intensified focus on institutional participation.

From a technical perspective, the $1.35–$1.38 range remains a critical support zone. If XRP can hold above this level and break through recent resistance, it could challenge higher price points.

Many traders and analysts are now watching to see if XRP can retest the $1.70 level and move closer to $2.00. For investors concerned that XRP might not break the $2.00 mark in the short term, a practical question arises: rather than simply waiting for price appreciation, are there more flexible ways to utilize their digital assets and explore opportunities for additional long-term returns?

Against this backdrop, an increasing number of XRP holders are shifting their investment strategies toward the EX DeFi cloud mining platform, seeking a more stable path for asset growth that is insulated from cryptocurrency market volatility.

Why might Fed policy impact XRP?

The cryptocurrency market is highly sensitive to changes in interest rates. When the market anticipates further interest rate hikes, capital typically gravitates toward traditional assets offering higher yields and relatively lower risk; conversely, when expectations for rate hikes subside, some capital may seek opportunities in risk assets such as stocks and digital assets.

In a speech on Sep. 3, Waller noted signs that recent inflation data has begun to cool. If this trend persists, he favors maintaining current interest rate levels. This statement alleviated some traders’ concerns regarding further rate hikes and drove simultaneous gains in both stock and cryptocurrency markets that day.

For XRP, Federal Reserve policy is just one factor influencing its price. ETF inflows, regulatory developments, and market expectations regarding XRP’s long-term utility are also key drivers of its price appreciation.

XRP holders are seeking additional ways to grow their asset value

As XRP price volatility increases, some holders are exploring ways to engage with digital assets beyond simple holding and trading.

The EX DeFi cloud mining platform focuses on digital asset mining via cloud-based computing power. It allows users to participate without purchasing or maintaining specialized mining hardware and enables account management via mobile phones—a streamlined approach that is attracting growing interest from investors.

Key features of the platform include:

New user experience: Receive $17 worth of trial computing power upon registration.

No specialized hardware required: Users manage cloud computing power via mobile phones, eliminating the need to deploy specialized equipment like ASICs.

Security and compliance: The platform adheres to international security standards—including McAfee®, Cloudflare®, and 2FA verification—and utilizes cold wallet isolation to enhance fund security.

Affiliate rewards program: Users can earn affiliate rewards of up to 5% by inviting friends.

Green energy philosophy: Mining operations utilize green energy infrastructure to minimize the environmental impact of energy consumption.

Support for multiple digital assets: The platform supports a wide range of mainstream digital assets, including XRP, BTC, ETH, USDT, USDC, BNB, DOGE, LTC, and SOL.

About EX DeFi

Founded in 2021, EX DeFi is a platform specializing in cloud mining and digital asset-related services. It currently provides fully automated cloud mining solutions to over 2 million users across more than 180 countries and regions worldwide. 

The platform’s core philosophy is to lower the hardware and technical barriers associated with traditional mining, allowing users to participate in cloud mining services online without the need to purchase their own mining rigs.

How do you get started with EX DeFi?

1. Register an account

Create an account using your email address on the official EX DeFi platform. Upon registration, you will receive a $17 trial credit.

2. Select and activate a contract

Choose a cloud mining contract that suits your needs and start automated mining with a single click.

3. View earnings

Once the cloud mining contract is activated, the system automatically allocates computing power to the mining pool and settles earnings within 24 hours. You can choose to withdraw your mining profits or reinvest them.

Mining contract plans:

Investment: $100 | Duration: 2 days | Daily return: $4 | Total profit: $100 + $8

Investment: $500 | Duration: 6 days | Daily return: $6.5 | Total profit: $500 + $39

Investment: $1,000 | Duration: 10 days | Daily return: $13.5 | Total profit: $1,000 + $135

Investment: $5,000 | Duration: 20 days | Daily return: $73.5 | Total profit: $5,000 + $1,470

Investment: $10,000 | Duration: 30 days | Daily return: $161 | Total profit: $10,000 + $4,830

Click here to visit the EX DeFi platform and view more details about the mining contracts.

What to watch for in the future?

As we enter September, the market environment for XRP is shifting. XRP ETF capital flows and developments regarding US regulatory policies in mid-September could serve as significant catalysts influencing XRP’s price. With improvements across the macroeconomic landscape, capital inflows, and regulatory expectations, XRP is poised for further upside potential.

For XRP holders, beyond monitoring price fluctuations, there are also opportunities to explore additional ways to generate returns on digital assets. EX DeFi Cloud Mining offers users an alternative way to participate in digital asset returns, helping them further grow their assets.

What are you waiting for? Visit https://exdefi.com/ today and put your digital assets to work generating passive income.

Poland’s lawmakers have again fallen short of the supermajority required to overturn President Karol Nawrocki’s veto of a bill intended to tighten crypto oversight. On Friday, the Sejm voted 241-198 to override the veto, but with three abstentions the measure missed the 266 votes needed by 25—marking yet another failed push to set a national framework for applying the EU’s Markets in Crypto-Assets Regulation (MiCA).

The renewed vote comes as Poland grapples with fallout from the Zondacrypto scandal. The case has widened amid bankruptcy proceedings against Zondacrypto’s Estonian operator and references by Prime Minister Donald Tusk to testimony alleging improper attempts to influence political figures.

Key takeaways

• The Sejm’s override attempt failed 25 votes short of the 266 needed for passage, leaving Nawrocki’s veto in place.
• The bill would have assigned crypto market supervision to Poland’s Financial Supervision Authority (KNF) as MiCA applies across the EU.
• KNF has said Poland still lacks a designated authority responsible for supervising cryptoassets, despite MiCA already taking effect in the EU.
• Meanwhile, prosecutors are investigating alleged fraud and money laundering tied to Zondacrypto, with losses previously estimated at no less than 350 million PLN.
• Zondacrypto’s operator, BB Trade Estonia, was declared bankrupt by an Estonian court, according to the public notice released in August.

A veto override misses the threshold again

Friday’s parliamentary vote was the latest attempt to advance Poland’s crypto regulatory plan after Nawrocki vetoed related legislation three times, arguing the rules would overregulate the industry. The president has said he supports regulating crypto but believes the bill’s approach goes too far, including concerns about compliance costs and the authorities’ ability to block websites.

In the Sejm’s vote, lawmakers backed the override 241-198, with three abstentions. The constitutional requirement of a three-fifths majority was therefore not met, preventing the bill from moving forward despite parliamentary support.

For market participants, the repeated vetoes underline a central uncertainty: while MiCA is the EU-wide backbone, domestic legislation is still needed to determine who will supervise crypto activity and enforce the rules in practice. Without that clarity, firms may face continued regulatory ambiguity around licensing, oversight procedures, and enforcement coordination.

Poland still has no designated crypto supervisor under MiCA

At the heart of the dispute is how MiCA should be implemented in Poland. The vetoed legislation aimed to establish Poland’s national framework for applying MiCA, including placing oversight of the crypto market under the Polish Financial Supervision Authority (KNF).

KNF said Friday that Poland still lacks a designated authority responsible for supervising the cryptoasset market, despite MiCA already applying across the European Union. The statement is significant because MiCA’s effectiveness for businesses depends not only on EU-level rules but also on national enforcement structures and supervisory responsibilities.

Nawrocki’s position contrasts with the urgency emphasized by regulators and government stakeholders. While the president does not oppose crypto oversight outright, his vetoes repeatedly cite concerns that the proposed Polish framework would impose excessive burdens or grant powers he views as too broad.

Investors and crypto firms watching Poland should pay attention to how this supervisory gap is handled in the absence of an operational national regime. The longer Poland remains without a designated supervisor, the more likely it becomes that compliance and enforcement decisions could be delayed or fragmented compared with other EU member states that have already implemented their supervisory arrangements.

Zondacrypto investigation expands as operator heads to bankruptcy

Friday’s parliamentary vote took place against the backdrop of a deepening criminal investigation linked to the failed crypto exchange Zondacrypto. Prime Minister Donald Tusk disclosed excerpts from what he described as testimony from a key witness, alleging payments and attempts to influence politicians connected to Poland’s previous government.

Tusk said the witness alleged a 2 million Polish zloty ($550,000) payment arrangement involving a foundation linked to former Justice Minister Zbigniew Ziobro. In separate testimony cited by Tusk, the witness alleged an unnamed person promised to secure a presidential pardon if the witness were convicted.

Polish prosecutors are investigating suspected fraud and money laundering connected to Zondacrypto. Earlier in the process, prosecutors merged the Zondacrypto case with a probe into the 2022 disappearance of Sylwester Suszek, founder of BitBay, which was later renamed Zondacrypto.

Prosecutors in April estimated that losses linked to Zondacrypto were no less than 350 million PLN ($95 million). Such figures are likely to keep pressure on policymakers to strengthen oversight and enforcement mechanisms—particularly around exchanges and custody-related risks.

In parallel with the criminal investigations, the exchange’s operator, BB Trade Estonia, has been pushed toward formal insolvency. An Estonian court declared the company bankrupt in August, with the first creditors’ meeting scheduled for Sept. 17, according to a public notice.

For users and creditors, bankruptcy can shift priorities from tracing wrongdoing toward asset recovery and claims verification. For regulators and legislators, the Zondacrypto episode adds urgency to establishing clear oversight structures—especially if supervisory authorities are expected to monitor compliance risks that failed entities allegedly exploited.

Why the regulatory fight matters beyond one country

Poland’s standoff is not just a domestic political contest. It highlights a broader tension in the EU’s post-MiCA transition: even when the rulebook is defined at the European level, member states still control the speed and structure of enforcement through domestic legislation and supervisory mandates.

With KNF previously stating that a designated authority for supervising cryptoassets is still missing, the impact is practical. Firms aiming to comply with MiCA may find it difficult to map responsibilities when the supervisor’s role is uncertain, while regulators may face challenges coordinating enforcement without a clear institutional lead.

The Zondacrypto case also raises the political salience of crypto oversight. As criminal investigations expand and insolvency proceedings develop, policymakers may come under increased pressure to align regulatory authority, investigative capacity, and compliance requirements—particularly for platforms operating at the center of investor funds and custody arrangements.

What readers should watch next is whether lawmakers attempt another override vote or if the government and regulators pursue an alternative path to assign supervisory responsibility. The key uncertainty remains who will ultimately supervise cryptoassets in Poland as MiCA obligations move from EU law into day-to-day enforcement.

Router Protocol has announced that it will end more than four years of cross-chain development, close all operations by Sept. 30, 2026, and permanently burn 303,333,198 ROUTE tokens held in its treasury.

Router Protocol shutdown follows two years of financial pressure

According to Router Protocol’s announcement on X, weak revenue and limited access to capital left the team without a sustainable path for keeping the cross-chain project operational.

Liquidity across Web3 has remained scarce for about two years, the team said, while a large share of investor attention and capital has moved toward artificial intelligence. Within the interoperability market, growing competition has pushed bridging fees lower as user activity has become concentrated on a limited number of major networks.

Although Router continued operating infrastructure across multiple blockchains, the project said revenue from its bridging services could no longer cover development and operating costs. The team spent the past year exploring commercialization agreements, technology licensing, and possible acquisitions, but none of the talks produced enough funding to support long-term operations.

Calling the closure a difficult decision, Router said it considered the shutdown “the most honest and responsible choice for the community.” The team will wind down services gradually instead of closing the protocol without notice, giving users and trading platforms until the end of September to prepare.

Every remaining service is scheduled to close by Sept. 30. Router has not announced a buyer, replacement operator, or community-led group that will take control of the existing protocol after the deadline.

The ROUTE burn will remove 303 million treasury tokens

As part of the closure, Router will send 303,333,198 ROUTE tokens from its treasury to an address where they can no longer enter circulation. The planned burn represents more than 30% of the token’s maximum supply of 1 billion, based on supply figures published by CoinMarketCap.

The team said it had directed protocol fees toward ROUTE buybacks and burns during its operating history instead of building a large revenue reserve. With bridging income unable to fund the remaining infrastructure, the pending treasury allocation will now be destroyed permanently.

Router also plans to work with centralized exchanges on removing ROUTE trading pairs and related listings. Each exchange will set its own timeline for suspending deposits, closing trading and ending withdrawals, meaning holders cannot rely on Sept. 30 as a universal withdrawal deadline.

Users holding ROUTE on a centralized platform have been told to follow notices from that exchange and withdraw before its stated cutoff. The team warned that any ROUTE liquidity pool created after official exchange delistings will have no connection to Router Protocol or its developers.

No new products, incentive programs, or other projects tied to ROUTE will be introduced during or after the closure. Router said it would publish more information about the token burn and individual exchange arrangements through its official channels.

For U.S. holders, the practical effect depends on where their tokens are stored and whether their exchange currently supports ROUTE. Router has not announced a separate process for American users, leaving token owners responsible for following the withdrawal rules and access restrictions set by their chosen platform.

Router Protocol leaves behind its cross-chain infrastructure

Router began building cross-chain infrastructure more than four years ago, eventually developing Router Nitro, a cross-chain bridge; a messaging framework; and Router Chain, a Layer 1 network built with technology from the Cosmos ecosystem.

In July 2024, crypto.news covered the mainnet launch of Router Chain, which was designed to connect applications and assets across Ethereum, Bitcoin, Cosmos-based networks, and other blockchains. ROUTE served as the network’s gas and staking token.

At the time, the project also offered the Cross-Chain Intent Framework, which allowed developers to add cross-chain functions to decentralized applications. Router Nitro supported swaps across more than 30 EVM and non-EVM networks, while Router said its complete product suite could help users interact with applications without manually managing each underlying chain.

Running a standalone network later became too costly. Router’s community voted in September 2025 to sunset Router Chain, after which the project focused on its Open Graph Architecture, an infrastructure layer designed to connect bridges, decentralized exchanges and transaction solvers.

Security problems also affected the project’s final years. Router’s closure statement referred to a solver-related exploit in February 2025, after which approximately 80% of the affected funds were recovered through negotiations. A separate chain-level incident followed in July 2025, and the team said the funds taken in that event were not recovered.

Cross-chain systems have faced persistent security pressure because they must validate asset movements or messages between networks with different rules. An August report on bridge risks found that more than $4 billion had been stolen from bridges since 2021, with compromised validator keys and faulty message verification among the recurring weaknesses.

More recently, Maya Protocol halted its network in August after an attacker used six connected software flaws to steal an estimated $1.7 million in Bitcoin and other assets. Maya’s CACAO token fell 88.7% during the incident, while the protocol worked on repairs needed to restore swaps.

Router has not attributed the current shutdown to a new exploit. Its announcement instead identified declining revenue, operating costs, scarce Web3 capital, and unsuccessful financing or acquisition efforts as the reasons it could no longer maintain the business.

ROUTE price falls to an all-time low

ROUTE sold off sharply following the shutdown notice. CoinGecko data showed the token trading near $0.00006 at the time of writing, down approximately 50% over 24 hours and more than 58% during the preceding seven days.

During the session, ROUTE fell as low as $0.00003970, setting a new all-time low. The token was trading about 99.9% below its July 2024 peak of $0.08078, while its market capitalization had fallen to roughly $40,000 based on a circulating supply of around 680 million tokens.

Trading activity remained thin despite a daily volume increase. CoinGecko listed KuCoin and Gate among the active centralized markets, but order-book depth around the quoted price was limited, increasing the risk of large price changes from relatively small orders.

Separate market data from CoinMarketCap placed ROUTE near $0.00005, down more than 40% over the same 24-hour period. Differences between the two quoted prices may result from low liquidity, exchange spreads, and changes in the token’s value while the platforms update their feeds.

After operations end, Router plans to release selected technical components as open-source software. The team said the process would preserve part of the engineering work completed over the project’s four-year history and allow developers to continue using those components independently.

Starknet lending protocol Vesu has reported that a faulty Pragma price feed triggered the abnormal liquidation of 47 positions holding $3 million in collateral on Sept. 4.

Vesu traces $3M liquidation to Pragma price feed

Vesu said in a Sept. 5 incident disclosure that the liquidations occurred between 04:08 and 04:10 UTC on Sept. 4 after an upstream price source operated by Pragma supplied incorrect data.

During the two-minute incident, the faulty prices reached several Vesu liquidity pools and made 47 borrowing positions appear eligible for liquidation. Automated liquidators then removed approximately $3 million in collateral before the feed returned to the correct value.

According to the protocol, the price source corrected itself within two minutes and has operated normally since then. Vesu did not identify the affected assets or provide a pool-by-pool breakdown in its initial statement.

The company also did not disclose how far the incorrect prices differed from market rates, the amount of debt attached to the liquidated positions, or how much collateral liquidators retained. A technical report covering the incident is expected to provide more information about the affected markets and the sequence of on-chain transactions.

Pragma has since worked with the relevant organizations to deploy a fix addressing the source of the error, Vesu said. Liquidity pool curators suspended affected pools as a precaution, with Vesu expecting them to remove the restrictions after reviewing the fix.

Because Vesu uses isolated and curated lending pools, decisions on reopening individual markets rest with their curators. The initial update did not identify which curators had paused their pools or provide an exact timetable for restoring normal activity.

Vesu says its contracts contained no vulnerability

Separating the incident from a smart contract exploit, Vesu said its contracts were “operating as designed” and did not contain a vulnerability. The protocol added that it had no contract patch to deploy because the liquidation engine responded to the prices it received.

In an overcollateralized lending market, a borrower deposits assets worth more than the value of a loan. The protocol uses an external price feed to measure the collateral ratio, and a liquidation may begin when that ratio falls below the pool’s required level.

Vesu attributed the Sept. 4 liquidations to bad inputs rather than faulty execution. Under its account, the contracts received incorrect collateral prices and processed the affected positions according to the rules already written into the protocol.

A July 2026 liquidation risk explainer from crypto.news described price data as the central input used to calculate a DeFi loan’s health factor. The report noted that stale or manipulated data can liquidate a healthy position or prevent an unsafe one from being closed.

Oracle dependence also extends beyond lending markets. An August 2026 report on blockchain oracles explained that smart contracts cannot independently read off-chain market prices, leaving them reliant on outside systems that collect, combine and publish data on-chain.

According to that report, an oracle normally handles data sourcing, aggregation, and on-chain delivery. A failure at any of the three stages can pass an inaccurate value to an otherwise functional smart contract, which may then complete a trade or liquidation based on the faulty input.

Recovery talks involve Starknet organizations

Following the incident, Vesu said it began coordinating with Pragma, StarkWare, the Starknet Foundation, and the curators of the affected pools to recover funds collected through the liquidations.

The protocol has not yet explained how the recovery process will operate, how much of the $3 million remains recoverable, or whether liquidators have agreed to return any assets. Its statement also stopped short of announcing a guaranteed reimbursement amount or payment date.

For users with deposits in Vesu’s Earn product, the protocol advised keeping their positions open. Closing an Earn position before the recovery process is complete may remove the user’s eligibility for a refund, according to Vesu.

Borrowers whose positions were liquidated during the two-minute window were asked to open a support ticket through Vesu’s Discord server. The protocol did not specify what records users must submit, though wallet addresses and transaction details can identify affected positions on-chain.

Vesu’s response differs from an automatic reversal because blockchain transactions generally remain final after confirmation. Any restoration would therefore require recovered assets, voluntary returns from liquidators, protocol-controlled funds, or another compensation arrangement agreed upon by the parties. Vesu has not said which route it plans to use.

A comparable oracle-related event occurred on Aave in March 2026, when a stale parameter caused an estimated $26 million to $27 million in unintended wstETH liquidations. An August 2026 review of the incident reported that Aave later examined oracle update rates and fallback systems while using several oracle sources for major collateral types.

Vesu has not announced comparable changes to its oracle structure. Pragma’s root-cause fix was the only technical measure confirmed in the initial disclosure.

US users depend on Vesu’s recovery process

For users in the United States, the incident involves a permissionless DeFi product rather than an insured bank account. The SEC’s Investor.gov website states that the FDIC insures deposits at eligible banks but does not protect securities or similar investments against a decline in value.

Vesu did not point to any government-backed protection for affected users. Instead, it directed them to its own support process and said the organizations involved were working to recover the collateral taken during the abnormal liquidations.

The protocol has not disclosed whether it restricts recovery by nationality or residence. Its instructions apply to users whose positions were liquidated during the identified window and to Earn depositors seeking to preserve possible refund eligibility.

At the network level, Vesu forms part of Starknet’s DeFi infrastructure. Starknet identified the lender as one of the protocols supporting its STRK20 privacy rollout in June 2026, alongside decentralized exchanges avnu and Ekubo and staking provider Endur.

Vesu said it will publish a complete technical report after its investigation, while affected borrowers can submit Discord support tickets, and Earn users have been told not to close their positions.