Tag: CRYPTOS FoxBusiness

Britain’s Financial Conduct Authority (FCA) has held talks with trading platforms about potentially easing its ban on financial prediction markets for retail investors, according to a report by The Times.

Prediction markets let users take yes-or-no positions on the outcome of future events across various categories, including economics, sports, and weather. The FCA treats contracts linked to financial and certain weather events as binary options, whose sale to retail investors has been prohibited since 2019.

The regulator has weighed lifting the restriction as U.K. consumers increasingly access overseas platforms including market leaders Kalshi and Polymarket.

The FCA’s public position continues to support that restriction. Its latest perimeter report said the ban remained appropriate because of the speculative nature of the contracts and the risk of consumer harm, while leaving open the possibility of further work on access or clarification of the regulatory boundary.

Industry participants have been lobbying for a change, presenting officials with evidence that millions of Brits are using overseas prediction platforms, The Times reports. Some consumers bypass geographic restrictions using virtual private networks (VPNs), leaving them outside UK consumer protections.

Bitcoin has experienced sharp fluctuations in the past week. Having started September at around $78,000, $BTC surged above $82,000 during the week, reaching its highest level since May. However, it couldn’t maintain this level and fell back below $80,000.

As of today, with Bitcoin falling below $80,000, data shows that US spot Bitcoin ETFs have recorded net inflows for the third consecutive week. Spot Ethereum ETFs also extended their inflow streak to three weeks, signaling a recovery in institutional demand.

Positive Series in Spot Bitcoin and Ethereum ETFs!

According to SoSoValue data, US spot Bitcoin ETFs saw a net inflow of $986.9 million last week. This marks the third consecutive week of positive inflows into Bitcoin ETFs. The previous week, net inflows were $924.5 million.

BlackRock’s IBIT fund stood out in weekly inflows, with total net inflows reaching approximately $3.8 billion over the past three weeks. This period marks the strongest three-week inflow streak for Bitcoin ETFs in 2026.

Spot Ethereum ETFs also saw a net inflow of $218.4 million last week. This marks the third consecutive week of positive inflows into Ethereum ETFs.

ETFs continued their strong performance in August. Spot Bitcoin ETFs saw net inflows of $3.52 billion during the month, while spot Ethereum ETFs saw net inflows of $1.85 billion. This monthly inflow into Bitcoin ETFs was the strongest monthly performance since September 2025.

Bitcoin Prediction: $82,000-$85,000!

Speaking to The Block, Zeus Research analyst Dominic John stated that the bullish pattern in Bitcoin will remain valid if the $80,000 level is maintained.

At this point, the analyst predicted that $BTC’s uptrend would remain strong as long as it held above the $80,000 level, and that prices would gradually rise towards $82,000-$85,000. The analyst noted that the next significant upward move could depend on macroeconomic developments.

John noted that continued ETF inflows indicate that institutions are increasing their $BTC investments and that real spot demand is recovering.

The Biggest Risk for Bitcoin is Inflation!

Presto Research analyst Min Jung said the crypto market is starting to close the gap with other risky assets and that ETF inflows indicate a recovery in institutional demand.

However, Jung considers higher-than-expected US inflation data a significant risk that could dampen the upward trend in Bitcoin.

*This is not investment advice.

A cat memecoin on Solana has paid its holders nearly $3 million worth of zcash as a rally in both tokens turned an unusual reward mechanism into a substantial payout.

Anonymous Cat, or ZCAT, charges a 3% tax whenever the token is transferred. Most of that money is converted into zcash ($ZEC) and distributed to wallets holding at least $20 worth of ZCAT, according to the project’s dashboard.

Because $ZEC prices have recently surged, rewards paid to CAT holders have gone through the roof. About 2,320 $ZEC, worth roughly $2.8 million as of Monday morning in Asia, has been distributed across more than 470,000 payouts, the data show.

Note that the $ZEC rewards come from other people buying, selling, and transferring ZCAT, not from a business or investment that produces income. So if trading dries up, the payouts will be vastly reduced.

$ZEC has gained more than 2,300% over the past year and passed $1,200 late Sunday amid renewed demand for privacy-focused cryptocurrencies. Zcash allows users to hide details, including the sender, receiver, and amount of a transaction — making it the most direct way to bet on the privacy sector returning as a key narrative among crypto traders.

Router Protocol, a cross-chain infrastructure project backed by Coinbase, announced it will completely cease operations by September 30. The project team stated that attempts to commercialize their products, secure a sustainable position in the highly competitive blockchain bridging sector, or find a buyer had been unsuccessful.

Router Protocol announced its decision to shut down after more than four years of development via a statement on X. The team stated that they had spent the last year conducting commercialization, licensing, and acquisition talks, but were unable to create a model that would allow them to continue operations.

The company stated that key issues include the shift of capital from the crypto market towards the AI sector and the decrease in asset transfer fees between blockchains. It also noted a decline in demand for router services as activity becomes more concentrated on fewer networks and standardized infrastructures.

As part of its closing strategy, Router plans to permanently burn 303,333,198 ROUTE tokens held in its treasury. This amount represents approximately 30% of the total supply of about 1 billion tokens. The project will also work with centralized exchanges to end support for ROUTE.

Router announced that no new ROUTE programs will be launched and that it will remain independent of any market or liquidity pools created after the delisting process. However, the team will open-source some components so that developers can use the work done over the past four years.

Router had raised $4.1 million in funding in 2021 from investors such as Coinbase Ventures and Polygon. The project, which launched its own Layer 1 network, Router Chain, in July 2024, decided to shut down this network in September 2025 due to infrastructure costs, security risks, and validator inflation.

The team also revealed that two security incidents occurred in 2025, and in one of them, 80% of the lost value was recovered.

*This is not investment advice.

Ethereum founder Vitalik Buterin has countered assessments that long-term advancements in artificial intelligence and security technologies could compromise Bitcoin’s security system, leading to a price drop of more than 50% in $BTC. Buterin stated that the Bitcoin network’s fundamental security mechanisms are significantly resilient to such threats.

According to Buterin, potential attacks on Bitcoin’s network layer can be addressed by updating client software and mining pools. Therefore, the network’s current structure is not expected to become completely vulnerable to technological advancements.

Ethereum founder Buterin also stated that the likelihood of Bitcoin’s hash function or Proof-of-Work (PoW) mechanism being seriously compromised is extremely low. He noted that these systems form the basis of Bitcoin’s security model and argued that these mechanisms will continue to play a crucial role in protecting the network in the future.

Buterin specifically stated that he did not agree with the view that artificial intelligence could significantly weaken Bitcoin’s security, leading to a more than 50% drop in the $BTC price over the next two years.

The recent rapid advancements in artificial intelligence have sparked debate about their potential impact on the security of cryptocurrency networks, with some assessments suggesting that advanced AI systems could pose risks to cryptographic security mechanisms.

However, Buterin’s statements suggest that it is unlikely these risks will reach a level that threatens Bitcoin’s fundamental security structure in the short term. According to him, while software and infrastructure updates can be made to counter potential attacks, the complete failure of Bitcoin’s hash function and PoW system is considered highly improbable.

*This is not investment advice.

WEEK IN REVIEW

FOMO Cracks Top 5 US Finance Charts, Passes Kalshi and Cash App

Fomo, the social crypto trading app built for Robinhood Chain and other networks, has climbed into the top five U.S. finance apps on Apple’s App Store…

Editor’s comment:

While it may be the epitome of extractiveness and a PVP-style arena, it looks like Fomo has found product market fit in the memecoin/social trading space. This is something that several other well funded companies failed to achieve in the past. Whether the money from the fomo arena flows out to raise other boats remains to be seen.

Grayscale Sees Crypto Opportunity as Stock Concentration Soars

Grayscale says record U.S. household equity exposure and demanding stock valuations strengthen the case for crypto diversification.

Editor’s comment:

While a “rotation” from equities into crypto has been predicted many times and failed to come true, it’s worth noting that there has been a significant decoupling of Bitcoin from the Nasdaq. It could perhaps be the beginning of a longer trend.

CLARITY Act Odds Stay Buried as Senate Showdown Closes In

As August comes to a close, the CLARITY Act is barreling toward a critical Sept. 15 Senate test with prediction marketplace odds flashing serious doubt…

Editor’s comment:We’re at the stage of the cycle where bad news has little effect on BTC, and good news sends price flying. With the failure of CLARITY likely mostly priced in and accepted by most, it may not even move the needle on Bitcoin, but a surprise passing on September 15th could be a significant catalyst.

153 Million Driver’s License Leak Sparks Explosive KYC Backlash

This week, the crypto community is discussing how cybersecurity experts from Krebs on Security’s researcher and journalist Brian Krebs, have discovered…

Editor’s comment:As if the privacy narrative couldn’t get any stronger, half the country’s drivers licenses are now for sale on the dark web. As this news emerges, ZEC is in price discovery, currently up 87% in the last 30 days.

US Operation Economic Outcast Targets Global Financial Lifelines

Operation Economic Outcast is preparing to expand its banking offensive, with Treasury Secretary Scott Bessent saying the U.S. plans to sanction another bank.

Editor’s comment:Sanctions, seizing, freezing… Take your pick. All of it is increasing and all of it strengthens the selling point for Bitcoin and crypto assets. While we don’t want to live in a world where these things happen more frequently, crypto bulls stand to benefit.

Strategy Reaches the Top Four

Strategy Inc. (Nasdaq: MSTR) joined some of America’s largest technology companies near the top of the equity capital market after issuing $20.9 billion this year, according to a chart CEO Phong Le posted Sept. 3 on X. The ranking reinforces the company’s goal of using bitcoin, digital credit, and equity to expand its balance sheet. The graphic cited ECM Analytics, Dealogic, Capital IQ, and company filings among its sources.

Le’s chart placed SpaceX first at $86.3 billion, Alphabet, Google’s parent company, second at $25.7 billion, and Intel third at $23 billion. SpaceX separately reported that its June initial public offering generated about $85.7 billion in net proceeds after underwriting commissions and offering costs, accounting for nearly all of its charted total.

How Strategy Raised and Used the Capital

Strategy’s position reflects repeated sales of MSTR common shares and several preferred stocks rather than one large offering. Its latest Form 8-K filed with the Securities and Exchange Commission showed $602.8 million in net MSTR proceeds from Aug. 24 through Aug. 30, demonstrating how its at-the-market program raises capital in smaller installments.

The company put $369.7 million of the Aug. 24-30 proceeds into bitcoin, $151.8 million into repurchases of Stretch preferred stock, $50.7 million into Stretch dividends, and $30.0 million into its dollar liquidity account. It ended that period with $5.10 billion in its dollar reserve and $1.61 billion in additional cash.

Those weekly proceeds illustrate the company’s broader practice of issuing securities when management considers market conditions favorable. Strategy’s Digital Credit Capital Framework allows management to shift between issuance and repurchases while maintaining a dollar reserve for preferred dividends and debt interest and preserving bitcoin as its primary treasury asset.

The $20.9 billion figure combines primary common equity and preferred issuance, according to the chart Le posted. Strategy now offers MSTR and five preferred securities tied to one corporate capital structure, although none gives shareholders direct ownership of its bitcoin. Their dividend terms, seniority, conversion rights, and exposure to the company’s finances differ.

Bitcoin Strategy Creates Opportunity and Risk

Equity issuance has supplied cash for bitcoin purchases, dividends, liquidity, and preferred-stock repurchases, giving Strategy several ways to manage its balance sheet. The model also exposes shareholders to dilution and financing costs as the company faces an MSCI index eligibility test that could affect its place in widely tracked global benchmarks. MSCI’s consultation closes Sept. 30, with a decision expected by Oct. 16.

Strategy’s scale distinguishes it from companies that allocate only a small portion of their reserves to cryptocurrency. A bitcoin corporate treasury can finance purchases with stock, debt, preferred shares, or operating cash, with each route creating different obligations. Strategy held 845,050 $BTC as of Aug. 30 after buying 4,603 $BTC with proceeds from common-stock sales during the preceding week.

Algorand has announced a significant achievement, surpassing 1 million post-quantum transactions on its mainnet. This milestone underscores Algorand’s position as a leader in blockchain security, particularly in addressing growing concerns around quantum computing threats. The news, highlighted in a tweet by Algorand, positions the network uniquely in the competitive landscape of Layer 1 blockchains, paving the way for future innovations.

The Key Development

The broader crypto market displays mixed signals as Algorand’s announcement coincides with ongoing trader interest in security-focused projects. While specific price movements remain unreported, the achievement of over 1 million post-quantum transactions signals a growing confidence in Algorand’s technology. This could potentially lead to increased whale activity and larger wallet movements as investors look for secure options in the evolving digital landscape. The tweet from Algorand, which gained notable engagement, further solidifies their commitment to quantum resistance, a crucial factor for future-proofing blockchain technologies.

Algorand is a blockchain network known for its focus on scalability and security, particularly through its innovative consensus mechanism. The recent surge in post-quantum transactions highlights the network’s ability to handle sophisticated cryptographic needs as the industry prepares for potential shifts due to quantum computing advancements. As a leader in blockchain technology, Algorand’s efforts reflect its commitment to maintaining robust security in an increasingly complex digital environment.

What Traders Are Watching Next

Traders are keenly observing how this milestone may influence Algorand’s market dynamics. With the crypto space increasingly focused on security, movements from large wallets could become more pronounced as confidence in post-quantum capabilities grows. The implications of this achievement might also prompt other networks to enhance their security measures, further shaping competitive positioning in the market.