Crypto World
The Hidden Value of Back-to-School Shopping
It’s easy to dismiss our collective consumer ritual as another marketing season. Yes, it was invented by department stores selling school uniforms in the 1800s, and then turbocharged with seasonal catalogs and sales by retailers like Montgomery Ward and Sears in the century that followed. And it is a sort of pre-Halloween ritual in which we all foist new costumes on our children.
But all those new backpacks, sneakers, pencil cases, and lunch boxes do something else. They help turn our children back into students.
For two glorious summer months, we released our children from the routines and identities of school. They’ve spent a culturally sanctioned rumspringa at pools, beaches, and camps, in the woods, or on a Nintendo. Then, almost overnight, we thrust them back into desks, routines, homework, and a social world that is often new and uncertain.
A handful of new pencils can help.
Crypto World
Capital B aims to add 376 BTC to bitcoin treasury following $8.8 million Adam Back investment
The Euronext Growth Paris-listed firm issued 13,181,030 shares with four warrants each at 58 euro cents per share, according to a filing on Wednesday.
This week, the New York Department of Financial Services (NYDFS) informed Elon Musk’s X Money that it cannot continue to pay bank account-like interest on non-bank account deposits of New York residents.
To avoid capital flight from the country’s wealthiest metropolis, X Money offered New York residents a $300 “direct deposit bonus” as “interim compensation,” which it repeatedly insisted “does not constitute APY or interest.”
X Money doesn’t offer bank accounts in New York. Instead, it says it’s a product for New York customers to “earn yield,” “get cashback,” “send wires,” “mail checks,” and “pay your bills,” with “free ATM withdrawals” while “protected with FDIC coverage.”
It holds New Yorkers’ money in a product called a “stored value account” that allows customers to “obtain interest” through September 30 on their money then “earn a $300 bonus” after October 1.
These payouts aren’t any type of bank account interest.
Read more: Crypto influencer Tiffany Fong rejected Elon Musk’s baby-making offer, report
“X Payments does not take deposits”
The NYDFS approved X Payments as a money transmitter — not a bank in New York — effective July 23. X Money lists its non-bank license number MT-105532 with a July 24 issuance date.
That transmitter license doesn’t turn Musk’s payments arm into a bank. The NYDFS defines money transmitters as businesses that move money for the public.
X Payments’ own license page admits, “X Payments LLC is not a bank.”
Its stored value account terms disclaim, “X Payments is not a bank, is not FDIC-insured, and does not take deposits,” even though the homepage for X Money mentions deposits 16 times.
Despite the legal throat-clearing, X Money promises to credit the $300 “direct deposit bonus” within 14 days of New York residents’ “$3,000 of qualifying deposits,” even though “X Payments does not take deposits,” because a stored value account is not a bank account.
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Two Thai businessmen have sued Tether over a $42.4 million freeze of Tether (USDT). They say the issuer locked their wallets almost four months before a seizure warrant existed.
The complaint landed in the Southern District of New York on August 31. It asks whether an issuer can immobilize tokens bought on the open market without legal process.
A Freeze That Arrived Before the Warrant
Nutthawat Rukthammachalern and Natthawat Kasamvilas say Tether blacklisted 10 Ethereum addresses on October 30, 2025. Those wallets held 42,417,785.62 USDT.
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They emailed the company two days later. Tether replied by pointing them to a Homeland Security Investigations (HSI) special agent. However, it gave no legal basis, the filing states.
A magistrate judge in the Eastern District of North Carolina then issued seizure warrant 5:26-MJ-1267-JG on February 19, 2026. It directed Tether to burn the frozen tokens and reissue them to a government wallet.
Five days later, prosecutors there announced a $61 million USDT seizure traced to romance investment fraud. Corporate and intellectual property counsel Ariel Givner surfaced the filing. She noted the plaintiffs never dispute that the government calls those coins scam proceeds.
Reserve Yield Becomes the Sharp Edge
The two men plead five claims, among them conversion, trespass to chattels, and unjust enrichment. They bought the tokens secondhand, never opened a Tether account, and never accepted its terms of service.
“An informal request from a law enforcement agent is not legal process of any kind under federal law,” the plaintiff’s complaint filed in the Southern District of New York.
The enrichment count targets interest. Tether holds roughly $130 billion in Treasury securities through Cantor Fitzgerald, the filing says. It keeps collecting the coupon while frozen holders cannot redeem.
Meanwhile, the relief sought covers restored transferability, a ban on any burn, disgorgement of that yield, and punitive damages.
Freeze timing has drawn scrutiny before. Funds have escaped before blacklists complete, while the company moved within hours on OFAC sanctions requests. Circle, by contrast, refused to reissue frozen USDC absent clear legal authority.
Tether has not answered, and no judge has ruled. Yet USDT’s $183 billion market value puts far more than ten wallets in scope.
Two filings will shape what follows. Tether’s response comes first, then a North Carolina ruling on the plaintiffs’ July 31 return application.
The post Tether Sued Over $42 Million USDT Freeze appeared first on BeInCrypto.
OpenPayd has announced expanded its regulatory presence in the United States after completing the integration of MSB USA Inc. into its group.
The latest move brings 43 state money transmitter licences (MTLs) under its umbrella.
US Expansion
In an official press release shared by CryptoPotato, the London-based financial infrastructure provider said the move strengthens its position in the US market and creates a broader regulatory base for its operations across North America. MSB is a US-based, state-licensed money services business, and the integration was finalised after receiving the required regulatory approvals.
In a statement, OpenPayd Founder, Dr. Ozan Ozerk, said,
“Every era of finance has been defined by its infrastructure: correspondent banking wired together the twentieth-century economy; programmable money will power the twenty-first. The U.S. is at the forefront of this evolution, and with regulated foundations now spanning the U.S., U.K. and Europe – across both fiat and digital assets – OpenPayd has something few providers can claim: regulated infrastructure spanning both fiat and digital assets, on both sides of the Atlantic.”
The network of 43 state licences will increase its geographic reach for global clients that already operate in the US or are planning to enter the market, OpenPayd added. The expansion comes after the platform’s recent authorisation under the European Union’s Markets in Crypto-Assets (MiCA) framework by the Malta Financial Services Authority.
Stats disclosed by OpenPayd continued to show organic growth across its business. As of July 31, 2026, its annual recurring revenue (ARR) climbed above $96 million, while annualised transaction volume surpassed $300 billion. The company said it remains profitable and has not taken external capital. It currently serves more than 1,200 clients globally, including crypto and financial companies such as Kraken, eToro, OKX and B2C2.
Nasdaq Plans
OpenPayd is also preparing to enter the US public markets through a previously announced business combination with Titan Acquisition Corp. In June 2026, the two companies announced a definitive agreement under which the company is expected to become a publicly listed company on Nasdaq under the ticker “OP.”
The transaction values OpenPayd at an equity value of up to $1.145 billion on a pro forma basis. The combination is expected to close in the fourth quarter of this year, subject to customary closing conditions, including approval from Titan’s shareholders.
The post OpenPayd Makes Major US Push After Securing 43 State Money Transmitter Licences appeared first on CryptoPotato.
European natural gas prices climbed to their highest level in over 3 years, as renewed US strikes on Iran deepened concerns over prolonged disruption to energy flows from the Persian Gulf.
Europe’s benchmark, Dutch front-month futures, surged to 73.85 euros per megawatt-hour in early European trading. It has gained roughly 25% over the past month. At press time, it stood at 72.2 euros.
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Storage Shortfall Leaves Europe Exposed
The front-month contract has not traded this high since the end of 2022, according to the Wall Street Journal. The rally reflects a supply problem that predates this week’s escalation.
EU gas stocks were 63% full in the final week of August. That sits well below the 80% average for late August in recent years.
Storage operators normally refill throughout the summer, when both demand and prices are lower. Gas analyst Greg Molnar said continued injection at the current pace could leave EU gas storage at just 72 bcm.
That would put inventories 20%, or 19 bcm, below the five-year average. It would also mark the lowest storage level since 2013.
“Low storage levels are naturally increasing the risk of heightened winter price volatility,” he said.
Energy Costs Reach Consumer Prices
The shock has already landed in the eurozone inflation data. Inflation rose 3.3% in the year to August, up from 2.9% in July. Energy inflation drove the move, accelerating to 14.3%. Core inflation eased to 2.4%.
Escalation around the Strait of Hormuz has also clouded prospects for a recovery in regional liquefied natural gas (LNG) exports. Roughly 20% of global LNG shipments cross the waterway.
Analysts at ING said Europe currently outbids Asia for cargoes once shipping costs are counted. However, they expect competition between the two regions to intensify if Qatari volumes remain absent through year-end.
Goldman Sachs analysts said the benchmark may need to move above 100 euros per megawatt-hour should Middle East exports normalize only gradually through 2027. Meanwhile, Morningstar analyst Tancrede Fulop told CNBC that a cold winter could drive prices into the 90-120 euro range.
The squeeze is spilling into risk assets. Asian equities slid after strikes on Iran, while Bitcoin (BTC) reacted to the same escalation.
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The post European Gas Hits 3-Year High With Winter Storage at 13-Year Low appeared first on BeInCrypto.
Palo Alto Networks (PANW)’s fiscal fourth-quarter earnings and fiscal 2027 guidance came in above expectations amid high expectations. Palo Alto stock initially rose then retreated as Wall Street analysts mulled organic growth versus acquisition-fueled growth. Palo Alto reported earnings after the market close on Tuesday. Fiscal Q4 profit rose 7% to $1.02 per share on an adjusted basis. Further, revenue…
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PANAMA CITY, September 2, 2026 – BingX, the world’s leading multi-asset trading platform, today announced that it ranks No. 1 for TradFi perpetual futures liquidity across a broad selection of highly traded global assets, based on BingX’s comparative analysis of order-book depth across major trading platforms.
The analysis found BingX offering the deepest order-book liquidity across a range of key TradFi assets, providing traders with greater market depth and execution capacity as market conditions evolve. The results underscore BingX’s strategy of bringing broader market access, deeper liquidity, and timely execution together on a single multi-asset trading platform.
BingX combines this liquidity with one of the industry’s broadest selections of TradFi perpetual futures, with more than 500 TradFi perpetual futures assets across indices, stocks, forex, and commodities. Together, the breadth of the offering and depth of liquidity give users access to a wide range of global markets through a unified perpetual futures trading experience.
Through the BingX TradFi suite, users can access:
- The World’s Most Traded Commodities: BingX offers deep liquidity across globally traded commodities, including gold, silver, WTI crude oil, and Brent crude. Across the 10, 50, and 100 basis-point bands, BingX recorded an average of 1.6 times the order-book depth of the second-most-liquid exchange across these assets.
- The World’s Most Trending Market Narratives: As AI and semiconductor-related themes continue to shape global markets, BingX provides access to stocks including Alphabet (GOOGL), Broadcom (AVGO), SK Hynix (SKHYNIX), and Intel (INTC), with BingX averaging 1.7 times the order-book depth of the second-ranked exchange across the same bands.
- The World’s Most Watched Companies: BingX offers perpetual futures on some of the world’s most closely followed companies, including Apple (AAPL), SpaceX (SPCX), and Tesla (TSLA), with average order-book depth 2.2 times that of the second-ranked exchange across the 10, 50, and 100 basis-point bands.
“Liquidity determines whether market access works when traders need it most,” said Kevin Lee, Chief Strategy Officer at BingX. “As market opportunities increasingly move across asset classes, traders need more than a long list of assets. They need the liquidity and execution infrastructure to act when markets move. By combining deep order books with one of the industry’s largest selections of TradFi perpetual futures, BingX is building a more connected way to access global markets, from commodities and technology to currencies and indices.”
Looking ahead, BingX will continue expanding its TradFi offering, strengthening liquidity across key markets, and introducing additional assets aligned with evolving global investment themes. The platform remains focused on giving users broader access, deeper liquidity, and more efficient execution for navigating opportunities across both digital and traditional financial markets.
About BingX
Founded in 2018, BingX is the world’s leading multi-asset trading platform, serving more than 40 million users worldwide. From crypto to traditional markets, BingX connects users with a broad range of assets, markets, and opportunities through one unified trading platform.
With perpetual futures, TradFi offerings, spot trading and copy trading, alongside AI-powered products and solutions, BingX delivers a reliable and responsive trading experience designed to help traders navigate evolving markets and act on opportunities with greater confidence and efficiency.
BingX has been the Principal Partner of Chelsea FC since 2024 and became the first Official Crypto Exchange Partner of Scuderia Ferrari HP in 2026.
For media inquiries, please contact: media@bingx.com
For more information, please visit: https://bingx.com/
The post BingX Ranks No. 1 for Tradfi Perpetual Futures Liquidity appeared first on BeInCrypto.
Crypto World
A Fed rate increase would be a mistake, some observers say as bitcoin, gold, stocks fall
Your day-ahead look for Sept. 2, 2026
Base has launched a Creator Grant Program offering independent creators up to $4,000 to produce content about the Ethereum layer 2 network, its ecosystem and builders.
Summary
- Base is offering independent creators grants of up to $4,000 to produce content about its ecosystem and builders.
- Writers, streamers, recurring show hosts, video creators and educators producing content in their own languages can apply.
- Selected creators can receive access to Base builders and potential coverage through the network’s regional accounts.
- Emerging creators can qualify for separate Creator of the Week bounties worth up to $500.
- The program follows Base’s move away from its earlier Creator Rewards and content coin strategy.
Base said in a Sept. 2 post on X that applications are open to writers, streamers, live show hosts, independent video creators and educators producing Base-related content.
Base Creator Grant Program offers up to $4,000
Writers producing deep dives, memes, analysis and social media threads are eligible for the program. Base is accepting applications from creators running recurring shows, while educators can apply for grants to produce Base content in their own languages.
Selected creators can receive grants of up to $4,000. Base did not specify whether every successful applicant would receive the maximum amount or disclose how individual grant sizes will be determined.
The program comes with support outside the main grant, with Base offering creators access to a pipeline of builders they can feature in their work. Content produced by participants may receive coverage through the network’s regional accounts.
Emerging creators can qualify for separate “Creator of the Week” bounties worth up to $500. Base specifically encouraged independent creators, people running their own shows and those creating exclusively around the network to apply.
Details including the total funding allocated to the program, the number of creators Base plans to select and how long the initiative will run were not disclosed in the announcement.
Base returns to creator funding after social strategy reset
The grants arrive less than two months after Base acknowledged that its previous creator-led social strategy had failed to produce the results the network expected.
Base creator Jesse Pollak said in July that the project spent much of 2024 and 2025 betting on developers and social applications as a route to crypto adoption. Demand for social products eventually “disintegrated completely,” according to Pollak, leaving Base behind competitors in areas including perpetual futures and prediction markets.
As crypto.news previously reported, Pollak subsequently stepped back from leading the Base App and handed responsibility for the product back to Coinbase. He remained focused on development of the Base blockchain.
The restructuring included the end of Base’s Creator Rewards program and the removal of its Farcaster-powered social feed. Introduced in July 2025, Creator Rewards allowed creators to earn from engagement while Base experimented with social features, mini apps and content coins.
Coinbase CEO Brian Armstrong later acknowledged the content coin strategy had failed, saying in July that the company had changed direction earlier in 2026.
“They didn’t work and we pivoted early this year. We messed up, time to turn the page,” Armstrong said.
Trading, payments and AI agents now sit among Base’s main areas of focus, in that order, according to Armstrong. He said most resources were being directed toward trading infrastructure.
The new Creator Grant Program uses a different funding structure from the token-based creator model Base pursued through its social products. The Sept. 2 announcement describes direct grants for producing content, along with access to builders, regional distribution and separate weekly bounties. Base did not announce tradable creator tokens or engagement-based token rewards as part of the initiative.
Creator coins previously drove activity on Base
Base spent much of 2025 experimenting with ways for creators to earn directly from onchain content.
Coinbase unveiled the Base App in July 2025 as a product combining social features, payments, trading and decentralized applications. Farcaster powered the app’s social functions, while its Zora integration allowed posts to become tradable assets and creators to earn from activity around their content.
The model automatically minted ERC-20 tokens linked to social posts through Zora contracts, giving creators part of the token supply and a share of fees generated when the assets traded.
By August 2025, Zora creator coin activity helped Base surpass Solana in daily token launches. More than 1.6 million tokens were created within weeks, while nearly 3 million traders generated around $470 million in volume.
Much of the activity came from traders seeking short-term opportunities instead of sustained participation, according to reports at the time.
Base later reassessed its focus as financial applications gained more attention across the crypto market. Pollak said in July that concentrating on social products had left the network behind in perpetual futures and prediction markets.
Base had products operating in both categories through Avantis and Limitless, but Pollak acknowledged they trailed larger competitors. Dune Analytics data cited in July showed Base-native Limitless accounted for roughly 0.5% of monthly prediction market notional volume.
Trading has taken a larger role in the Base App
Coinbase has expanded the Base App’s financial products since the strategy change.
On Aug. 19, Coinbase added Hyperliquid perpetual markets to the Base App, giving eligible users access to more than 290 contracts. Hyperliquid handles execution while traders can open and manage positions through their existing wallets, with leverage reaching 50 times on supported markets.
The available contracts cover Bitcoin, Ethereum and markets tied to stocks and commodities. Coinbase said the product is unavailable to users in the United States, United Kingdom, Canada and other jurisdictions where access to leveraged crypto derivatives is restricted.
Coinbase followed later in August by bringing tokenized U.S. stocks natively onto Base. The initial lineup covers Apple, Nvidia, Meta and Alphabet, with each token representing a beneficial interest in a corresponding share held through segregated regulated custody.
The products are available to eligible non-U.S. investors and can trade around the clock. Coinbase Onchain SPV Ltd., a company incorporated in the Abu Dhabi Global Market, formally issues the securities, while Alpaca Securities handles the underlying equities through its brokerage and custody infrastructure.
Ripple is down by close to 3% in a pullback that’s landing right as institutional money is doing the opposite of panicking. Spot XRP ETFs have quietly become one of the more interesting flow stories in crypto this quarter, and the numbers behind that claim are worth unpacking before assuming this dip means anything structural.
Seven U.S. spot XRP ETFs now hold 994.74 million XRP, backed by cumulative net inflows approaching $1.51 billion as of mid-August. Weekly data showed the complex posting its best week since May, pulling in $39.78 million in net inflows, including an $18.38 million single-session print.
US Spot ETF Flows Sep 1 — 𝗕𝗮𝗻𝗸XRP (@BankXRP) September 2, 2026
XRP: +$14.38M 
ETH: +$10.95M SOL: +$10.19M BTC: -$236.46M
BTC funds saw net outflows while XRP, ETH and SOL ETFs all posted inflows a clear rotation signal despite the broader market being down 4% today. https://t.co/uK0Bs00Of0 pic.twitter.com/lUV9v4LHma
Not just that, one institutional holder reportedly carries $86.5 million spread across five separate XRP funds, according to Q2 filings. ETF inflow tracking suggests this isn’t a one-off; it’s a pattern of accumulation.
The question now is if price action can keep pace with the institutional narrative. Right now, it isn’t, and that disconnect is the real story.
Discover: The Best Crypto to Diversify Your Portfolio
Can XRP Price Hit $1.60 This Week?
XRP’s 7-day performance sits at -7%, a sharper drawdown than the daily number. Ripple 24-hour volume near $2.56 billion shows liquidity hasn’t dried up, just direction has flipped bearish short-term. Price is currently testing the $1.33 support zone, with a deeper floor near $1.295 and a more critical band at $1.23-$1.25 if selling pressure extends.
- Bull case: support at $1.33 holds, short-term moving averages reclaim the $1.36-$1.38 zone, and XRP grinds toward the $1.60 resistance level that’s capped rallies for weeks.
- Base case: consolidation continues inside the $1.29-$1.38 range while ETF inflows slowly absorb sell pressure.
- Bear case: a break below $1.295 opens a retest of $1.23-$1.25, invalidating the near-term uptrend structure.
Longer-range price targets still point higher, but this week is a test of support, not a breakout setup.
Trade XRP on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop
LiquidChain Targets Early Mover Upside as Ripple Tests Key Levels
A 7% weekly drawdown on a token backed by $1.51 billion in ETF inflows is a strange kind of pain. The institutions are buying, and retail is bleeding.
That gap tends to push traders toward earlier-stage plays where entry price still matters. At an $85 billion market cap, XRP’s upside from here is real but incremental; multiplying capital at that scale requires patience most retail traders don’t have.
The ceremony starts with a single word.
pic.twitter.com/vudkt5bEzI
— LiquidChain (@getliquidchain) August 31, 2026
LiquidChain ($LIQUID) is a Layer 3 infrastructure project. It is positioning for exactly that earlier-stage window. Its pitch: fuse Bitcoin, Ethereum, and Solana liquidity into one execution environment, letting developers deploy once and reach all three ecosystems instead of fragmenting across bridges.
The presale has raised $960K at a current price of $0.014951, built on a Unified Liquidity Layer, single-step execution, and verifiable settlement.
Those tracking cross-chain infrastructure plays can research LiquidChain directly.
Discover: The Best Token Presales
The post Ripple Sees XRP ETFs Pull In $170M as Institutions Build Their Positions appeared first on Cryptonews.
Capital B aims to add 376 BTC to bitcoin treasury following $8.8 million Adam Back investment
‘Prison Break’ Meets ‘Mindhunter’ in the 6-Part Apple TV Miniseries Taking Over Streaming
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