Author: John Smith

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,…

Bitcoin has processed 893,391 transactions in one day, its fourth-highest daily total on record and a reading above the 99th percentile of its historical range. Summary Bitcoin processed 893,391 transactions, up 23.4% from the previous day. Daily activity more than doubled from the corresponding level one year earlier. Galaxy Research ranked the session as Bitcoin’s fourth-busiest day in history. Low-value transfers have accounted for much of Bitcoin’s transaction growth during 2026. Bitcoin transaction count enters its historical top four Galaxy Research reported the milestone in a Sept. 7 post on X, placing the latest total among the most active days…

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…

Arthur Hayes has released the FLOP Network technical paper detailing a proof-of-useful-inference blockchain for AI agents, with a genesis supply of approximately 2.48 billion FLOP tokens allocated through airdrops. Summary Arthur Hayes has released the FLOP white paper detailing a blockchain where AI agents pay miners in FLOP for inference and computing resources. FLOP will launch with approximately 2.48 billion tokens allocated through airdrops, with no venture capital premine or token auction. Miners will receive 75% of block rewards, while validators and agents each receive 10% and regular stakers receive 5%. Block rewards will start at 96 FLOP and halve…

What is cloud mining? Since the emergence of Bitcoin in 2009, cryptocurrency mining has become a well-known method of earning profits. However, the steep costs involved in acquiring the necessary equipment, understanding the technical aspects, and consuming high amounts of energy often deter potential investors. Cloud mining is stepping in as a solution to these barriers, offering a new and accessible way for individuals to participate in Bitcoin mining without the need for expensive hardware or deep technical expertise. Cloud mining has become the preferred method for individuals and investors to earn Bitcoin. Among the top platforms in 2026, poweralgo…

Rocket has suspended deposits, withdrawals and trading after an attacker manipulated a dormant perpetual market and withdrew approximately $287,000 in positive PnL from the platform’s Bridge. Summary An attacker manipulated a dormant Rocket perpetual market using inflated orders and self trades, creating artificial profits before withdrawing approximately $287,000. Rocket has paused deposits, withdrawals and trading while security firms and law enforcement investigate the Sept. 5 incident. The platform is working with exchanges, bridges and stablecoin issuers to trace and freeze the stolen funds. Rocket is preparing a recovery plan that will prioritize refunds for smaller affected accounts. Rocket said in…

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…

LeBron James teased an upcoming partnership with Polymarket on Sept. 5, placing the NBA star alongside a growing group of athletes and professional leagues working with prediction-market companies. Summary LeBron James confirmed an upcoming Polymarket partnership through a 14-second social media teaser Saturday publicly. CNBC reported the initial campaign will focus on American football, not rugby, citing one source. Neither James nor Polymarket has disclosed payment terms, ownership interests or campaign responsibilities yet publicly. NBA rules permit non-basketball endorsements while restricting player ownership stakes in NBA-related wagering companies directly. Polymarket has expanded sports partnerships across MLB, MLS, NHL, ATP Tour…

Federal Reserve researchers proposed a framework on Sept. 4 for deciding how stablecoins and other blockchain-based financial products could fit within U.S. money supply statistics. Summary Federal Reserve researchers said payment stablecoins could eventually qualify for inclusion within M1 or M2. Everyday payment use would support M1 classification, while short-term value storage would point toward M2. Tokenized bank deposits already appear within existing monetary aggregates because they remain legally conventional deposits. Retail tokenized money market funds are already included within M2 alongside traditional retail funds today. Stablecoin measurement still faces reporting, reserve double-counting and global circulation problems before any statistical…