Author: James Wilson

Local-currency stablecoin launches have increased demand for 24/7 foreign exchange liquidity as more than 70% of conversions into dollar stablecoins begin in another currency. Summary TransFi CEO Raj Kamal expects local-currency stablecoins to move more foreign exchange activity onchain. Round-the-clock settlement could produce thinner liquidity and higher conversion costs outside normal trading hours. Fragmentation across currencies, issuers, and blockchains may leave businesses relying on dollar stablecoins as intermediary assets. Banks will need redemption, FX, and network connections to turn token issuance into regular commercial use. Raj Kamal, founder and CEO of payments company TransFi, told crypto.news that issuing euro, sterling,…

Harmony has proposed closing its seven-year-old Layer 1 blockchain, issuing ONE on Ethereum and directing future token emissions to a new AI video project. Summary ONE balances would be recorded at Harmony’s final block and recreated as ERC-20 tokens on Ethereum. Users must leave smart contracts by Sept. 10 because applications and liquidity pools cannot migrate automatically. Harmony has reserved $1.372 million to compensate eligible validators and delegators over four quarters. The proposal follows an August exploit that created trillions of unauthorized ONE tokens and prompted a rollback plan. Harmony said in a Sept. 6 post that the mainnet’s exposure…

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company. With the continuous integration of artificial intelligence and digital asset technology, XRPPower has officially launched its intelligent automated trading system, providing global users with a more intelligent and automated digital asset service experience. Summary XRPPower launched an automated AI trading system for XRP and BTC holders worldwide. The platform supports XRP, BTC, ETH, and USDT under its current service rules. Yield contracts…

Ethereum developers have committed EIP-8141, known as Frame Transactions, to the network’s 2027 Hegotá upgrade, putting native account abstraction on the path to becoming part of Ethereum’s standard transaction system. Summary Ethereum developers have scheduled EIP-8141 Frame Transactions for inclusion in the Hegotá upgrade planned for 2027. Frames separates transaction authorization, gas payment and execution, allowing an app or another account to cover a user’s ETH transaction fee. The proposal could let users transact with stablecoins without holding ETH while validators continue receiving network fees in ether. Frames can bundle related actions such as token approvals and trades so permissions…

Solana price fell 1.4% on Sept. 7 after another rejection near $107, while weakening capital flows and nearby liquidation clusters increased the risk of further volatility. Summary Solana price fell from $106.46 to $104.97 after sellers defended the $107 resistance zone. SOL remains above its 20-, 50-, 100-, and 200-period averages on the 4-hour chart. Chaikin Money Flow dropped to -0.15, pointing to increased selling pressure. Liquidation liquidity is concentrated near $108, with another notable cluster around $103. Solana price retreats after $107 rejection According to data from crypto.news, Solana (SOL) price traded lower on Sept. 7 as buyers failed…

Citi and DBS completed a tokenized U.S. dollar payment between Singapore and New York on Sept. 5, processing the weekend transaction within minutes through Swift’s blockchain-based ledger. Summary Citi and DBS completed a live tokenized dollar payment between Singapore and New York Saturday. The weekend transaction used Swift’s Digital Ledger and reached completion within several minutes on Saturday. Swift’s ledger coordinates tokenized bank deposits while final settlement still uses established financial infrastructure systems. Seventeen banks across six continents joined Swift’s initial live transaction pilot announced in July 2026. Citi separately plans to join a U.S. tokenized deposit network targeting 2027,…

Bitcoin traded near $79,500 on Sept. 7 as investors prepared for U.S. inflation reports and a Treasury auction during the final full week before the Federal Reserve’s Sept. 15–16 policy meeting. Summary Bitcoin traded near $79,500 Monday after stronger August employment data increased September rate-hike expectations sharply. August PPI arrives Thursday, followed by CPI Friday, both at 8:30 a.m. Eastern Time officially. Traders assigned approximately 58% odds to a September hike after Friday’s strong payrolls report initially. Federal Reserve officials begin their meeting September 15, releasing the policy decision September 16, 2026. Treasury will auction reopened ten-year notes Wednesday as…

On Sept. 7, unidentified actors controlling nearly 4,000 BTC taken from Liquid Network offered to return “most” of the funds after Blockstream fixes the vulnerability behind the estimated $320 million incident. Summary Nearly 4,000 BTC left Liquid’s federation wallet, representing approximately 95% of its reported Bitcoin reserves. The unidentified actors offered to return most funds after Blockstream patches the undisclosed network vulnerability. Bitcoin OP_RETURN messages and PGP signatures created a publicly verifiable communication channel between both parties. Liquid disabled bridge nodes and asked exchanges to suspend L-BTC deposits and withdrawals during investigation. No confirmed repayment, public patch or network reopening…

South Korea’s National Tax Service ruled on Aug. 28 that residents must continue reporting qualifying cryptocurrency accounts held with bankrupt overseas exchanges, even when trading and withdrawals are unavailable. Summary Korean residents must report qualifying overseas crypto accounts even when bankrupt exchanges block withdrawals entirely. Reporting applies when combined foreign account balances exceed 500 million won at any month-end annually. Affected taxpayers must submit declarations during June of the following calendar year to Korean authorities. Digital assets have been included in South Korea’s foreign account reporting regime since 2023 filings. Reported overseas digital asset holdings fell 5.4% to 10.5 trillion…

Ethereum co-founder Vitalik Buterin rejected a Sept. 7 prediction that artificial intelligence could undermine confidence in Bitcoin’s security and cause its price to fall by more than 50% within two years. Summary Buterin rejected Liron Shapira’s prediction that AI-related security fears could halve Bitcoin within two years. Shapira assigned 50% confidence to Bitcoin crashing over 50% as AI undermines perceived network robustness. Buterin considers actual breaks of Bitcoin’s hashing or proof-of-work mechanisms extremely unlikely over that period. He said client and mining-pool upgrades could address network-layer attacks without requiring social consensus decisions. Bitcoin security groups have separately sought advanced AI…