Crypto Briefs

New York Life Investment Management launched a tokenized U.S. high-yield corporate bond fund in partnership with Centrifuge, marking an institutional entry into blockchain-based fixed-income products. The NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio enables investors to access tokenized bond exposure on-chain.

Phantom, a crypto wallet, hired former builders from Hyperliquid to expand its perpetual futures offerings. The move signals Phantom's commitment to scaling its derivatives trading capabilities by bringing on experienced talent from one of Hyperliquid's prominent market-making initiatives.

The White House has agreed to include new ethics language in the CLARITY Act, a legislative proposal governing U.S. cryptocurrency regulation. The addition is expected to broaden bipartisan support and potentially accelerate the pace of regulatory progress in the sector.

Perpetuals exchange Lighter announced a token economics update: it will burn LIT tokens repurchased with exchange revenue and use its ecosystem reserve to sustain staking yields. The moves aim to support token value and reward stakers amid competitive pressure in the derivatives market.

Crypto trader Machi Big Brother has accumulated losses exceeding $80 million on Hyperliquid, according to onchain analysis by The Defiant. The trader's recent Ethereum liquidation occurred without a fresh deposit to cover the loss, marking the first such instance in a months-long losing streak tracked onchain, as he liquidated Bored Apes NFTs to raise margin.

Phantom, a Solana-based wallet, has hired the three-person team behind Ventuals, a pre-IPO perpetuals trading platform, following the shutdown of Hyperliquid Perps venue. The move signals Phantom's expansion into derivatives trading capabilities on Solana.

A lending proposal for the XRP Ledger has been put forward to enable institutional credit operations on the network. The proposal represents an attempt to broaden XRPL's use cases beyond payments and appeals to institutional market participants seeking on-chain credit infrastructure.

South Korean exchange Upbit recorded $8 billion in weekly trading volume, with XRP as the top-traded asset. The report highlights regional trading preferences on the platform, though the article provides limited detail on whether the volume represents a notable change or the factors driving XRP's dominance.

Solana and Dogecoin futures markets are showing divergent patterns as traders liquidate long positions, according to Bitcoinist analysis of on-chain data. The article examines differing market structure and sentiment signals in the two assets' derivatives markets, with implications for near-term price action and trader positioning.

Token unlocks totaling $73 million are scheduled this week across three projects: Sui (SUI), Ethena (ENA), and Eigen (EIGEN). Token releases can increase circulating supply and potentially put downward pressure on prices if holders sell, though market impact depends on holder sentiment and broader trading conditions.

Critics have raised concerns that Bitcoin Improvement Proposal 110 could invalidate addresses generated by existing software, potentially endangering user funds held in self-custody. The proposal reportedly creates a compatibility issue where addresses created under current standards may become invalid post-upgrade, prompting debate within the Bitcoin development community.

XRP maintained support above $1 following a liquidation event that collapsed open interest from prior-year peaks. Active addresses and ETF inflows have increased, though the asset requires a move above $1.10 to establish cleaner technical momentum, according to CoinDesk analysis.

Taiwan has passed sweeping legislation to regulate its cryptocurrency sector, which now moves to the President for final approval. The law introduces licensing requirements, reserve mandates for crypto service providers, and enhanced penalties for violations. The regulatory framework represents a significant step toward institutionalizing crypto oversight in the region.

A federal disclosure filing revealed that Donald Trump holds more than $50 million in Bitcoin stored in cold storage, according to CryptoPotato. The filing's highest reporting category bracket suggests his actual holdings may exceed the stated threshold, though the exact amount remains undisclosed due to reporting limits.

Evernorth reports that Ripple's RLUSD stablecoin facilitated $2.5 billion in trading volume on the XRP Ledger, with RLUSD/XRP pairs accounting for approximately $900 million of that volume. The report claims XRP Ledger's stablecoin supply exceeded Ethereum's in June 2026, underscoring growing adoption of Ripple's infrastructure.

The CEO of Goliath Ventures pleaded guilty in a fraud case involving at least $400 million in investor funds, according to the U.S. Attorney's Office. Prosecutors alleged the defendant used proceeds to purchase luxury real estate, vehicles, watches, and jewelry, characterizing the scheme as a Ponzi operation.

Bitcoin fell 20% during June, with technical analysis of monthly charts suggesting the decline carries implications beyond the single-month loss. CoinDesk examines chart patterns to contextualize the pullback within longer-term price structure.

U.S. spot bitcoin exchange-traded funds experienced their worst month on record in June, with net outflows of $4.5 billion, surpassing the previous monthly low by 29%. The redemptions included nine consecutive days of withdrawals through month-end, signaling investor pullback from spot BTC exposure.

OpenUSD, a new stablecoin project backed by over 140 companies including Visa, BlackRock, and Coinbase, is preparing for launch with promised features including zero-fee minting, collaborative governance, and reserve yield sharing. The broad institutional support signals industry momentum toward alternative stablecoin infrastructure.

The U.S. Department of Justice moved against Xinbi, a transnational criminal organization designated by Treasury, seizing its scam marketplace and restraining $52 million in cryptocurrency holdings. The action represents a coordinated law-enforcement strike targeting the platform's illicit operations.

House Ways and Means Committee Republicans are considering removing cryptocurrency tax provisions from pending legislation, according to Crypto Briefing. The potential change could alter how digital asset gains and transactions are taxed, affecting investor compliance and regulatory strategy going forward.

A Bloomberg strategist has issued a warning that Bitcoin could fall to $10,000, citing three sell signals and noting that Bitcoin is increasingly moving in tandem with high-risk equity markets rather than acting as an independent safe-haven asset. The analyst suggests Bitcoin's correlation with risky stock-market behavior undermines its "digital gold" narrative.

A bridge hack resulted in the minting of trillions in counterfeit Bitcoin, with recovery efforts yielding 15 BTC despite a 20% bounty window closing September 13. The native bridge remains paused while final accounting proceeds, leaving liquidity providers without compensation for their losses.

Senator McCormick urged the Senate to vote on the CLARITY Act on Tuesday, according to Crypto Briefing. The act could reshape digital asset regulation and provide regulatory clarity for crypto markets nationwide. The timing and outcome of the vote could significantly influence regulatory policy direction.

A Bitcoin wallet inactive for over a decade transferred 1,260 BTC, representing a 12,000% gain since acquisition. The movement signals renewed activity among long-term holders and may indicate potential selling pressure or portfolio rebalancing by early Bitcoin investors.

Bitcoin-backed preferred shares have expanded into a roughly $13 billion market as a financing tool for treasury firms, according to a report cited by Bitcoin Magazine. Strategy and emerging players like Strive are leading the trend by offering high-yield instruments, signaling a shift in how bitcoin-holding companies access capital.

Standard Chartered and LMAX Group completed their first live digital asset prime brokerage trades, with the bank using its own balance sheet to intermediate institutional Bitcoin trades. The execution marks a step forward in bank-backed infrastructure for crypto market participants.

A preprint study affiliated with ack3 found that audited DeFi protocols suffered $885 million in losses from attacks occurring outside the scope of their security audits, representing 72.1% of incidents after excluding two H1 2026 outliers. The research highlights a gap between audit coverage and actual protocol vulnerabilities, with August incidents providing recent operational examples.

Bitwise research found that 67% of wealth managers do not allocate to cryptocurrency, potentially undermining their competitive position as client demand and market interest in digital assets increase. The finding suggests a growing gap between institutional investor appetite for crypto exposure and wealth manager adoption of digital-asset strategies.

Senate Majority Leader Chuck Schumer called a Democratic caucus for Sunday to discuss strategy on a pending crypto bill before a critical Senate vote. The outcome could affect financial regulation and market competition in the crypto sector, with potential implications for innovation.