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Ripple's RLUSD Drives $2.5B in XRP Ledger Trading, Evernorth Reveals

New on-chain data shows RLUSD is strengthening XRP Ledger activity, surpassing $2.5 billion in trading volume while increasing XRP transactions, liquidity, and network usage instead of replacing XRP demand.

#Ripple #XRP $XRP #Bitnxt

More: https://bitnxt.io/news/ripple-rlusd-drives-xrp-ledger-trading-volume-2026

Crackdown in Shanghai: Five Sentenced to Prison Over $29 Million Crypto-Forex Scheme

SHANGHAI — A Shanghai court has handed down prison sentences to five individuals involved in a sophisticated, underground foreign exchange ring that leveraged stablecoins to bypass China's strict capital controls. The operation, which managed to illegally transfer over 210 million yuan ($29 million), highlights the escalating cat-and-mouse game between Chinese regulators and underground networks utilizing digital assets to move money across borders.
The ruling serves as a stark reminder of Beijing's unwavering stance against cryptocurrency-facilitated financial crimes, coming on the heels of the newly tightened regulatory notices aimed at curbing virtual currency risks.

More: https://bitnxt.io/news/crackdown-in-shanghai-five-sentenced-to-prison-over-29-million-crypto-forex-scheme

#Shanghai #Bitnxt

BitMEX Shakes Up Its C-Suite, Names New CEO Amid Sale Talk

BitMEX has cleared out a significant chunk of its senior leadership team, continuing a broader push to reshape the business at a moment when reports of a possible sale keep resurfacing. According to a report from CoinDesk, the exchange has removed three top executives from their posts: chief executive Stephan Lutz, chief financial officer Ina Steiner, and chief growth officer Raphael Polansky.

Stepping into the CEO role is Peter Wilkinson, a BitMEX veteran who previously served as the company's global general counsel and chief operating officer. His move to the top job was confirmed through recent updates to his LinkedIn profile, rather than a formal company announcement, suggesting the transition is still unfolding quietly behind the scenes.

A Company That Has Cycled Through Leadership Before

This isn't the first time BitMEX has rebuilt its leadership from the top down. The exchange was founded back in 2014 by Arthur Hayes, Ben Delo, and Samuel Reed, all of whom stepped away from day-to-day management in 2020 after U.S. authorities filed criminal charges accusing the company of failing to maintain adequate anti-money-laundering controls. BitMEX later pleaded guilty to those charges.

Alexander Hoeptner took over as CEO in early 2021 following the founders' departure, before handing the role to Stephan Lutz in 2022, a transition that happened in the middle of the previous broad downturn across crypto markets. Now, just a few years later, the exchange is going through another executive reset — this time with Wilkinson, an insider rather than an outside hire, taking the reins.
The timing of this latest shake-up is notable.

BitMEX has reportedly been looking for a buyer, and trimming senior leadership is the kind of move that can help lower operating costs while making the ....

More: https://bitnxt.io/news/bitmex-new-ceo-peter-wilkinson-sale-speculation

#BitMEX #Bitnxt

U.S. Lifts Emergency Export Controls, Allowing Anthropic to Restore Claude Fable 5

In a rapid reversal that has sent ripples through the tech sector, the U.S. government has officially lifted the emergency export controls imposed on Anthropic’s flagship artificial intelligence models. Effective immediately, global access is being restored to Claude Fable 5 and its restricted sibling, Claude Mythos 5, concluding a tense, two-week blackout that left developers and enterprise clients in limbo.

The decision represents a major sigh of relief for Anthropic and a significant de-escalation in the friction between the AI startup and federal regulators.

More: https://bitnxt.io/news/us-lifts-export-controls-anthropic-claude-fable-5-restored

#Anthropic #Bitnxt

The Trump Trade: How Iran Diplomacy Became Crypto's Newest Price Lever

Trump's renewed Iran diplomacy has become a key crypto market catalyst, with easing geopolitical tensions lifting Bitcoin, lowering oil prices, and reshaping investor expectations around inflation, interest rates, and risk assets.

More: https://bitnxt.io/news/trump-iran-talks-bitcoin-crypto-market-oil-price-impact

#TRUMP #iran #Bitnxt

Citi Slashes Bitcoin and Ether Forecasts as ETF Inflows Dry Up Completely

Citi sharply cut its Bitcoin and Ether price forecasts after reducing expected spot ETF inflows to zero, citing regulatory uncertainty, weaker institutional demand, and capital rotating toward AI investments.

More: https://bitnxt.io/news/citi-cuts-bitcoin-ether-price-forecast-etf-outlook-2026

#citibank #Bitcoin $BTC #Bitnxt

Bitcoin ETF Drought Breaks: $221M Pours In as Investors Bet the Worst Is Over

U.S. spot Bitcoin ETFs recorded $221.7 million in net inflows, ending a 10-day outflow streak as Bitcoin rebounded above $61,000, signaling renewed institutional confidence despite continued BlackRock withdrawals.

#bitcoin $BTC #Bitnxt #etf

More: https://bitnxt.io/news/bitcoin-etf-drought-breaks-221m-pours-in-as-investors-bet-the-worst-is-over

SharpLink Picks Up $46.7M in Ether Through Weekend OTC Trades

The Ethereum treasury firm has now bought $62.4 million worth of ETH in three days, even as the token sits near its 2026 lows and ETF outflows stretch into a seventh straight week.

More: https://bitnxt.io/news/sharplink-buys-62m-ether-weekend-otc-trades

#SharpLink #OTC #Bitnxt

PENGU Price Pulls Back 10% Following 38% Weekly Rally

Summary :
PENGU fell nearly 10% in 24 hours to $0.0098 after touching an intraday high of $0.01111.
Seven-day performance remains positive near 38.2%, with total market capitalization at $619 million.
CoinGlass figures reveal futures open interest dropped 11.66% to approximately $154.03 million.
Technical indicators display an RSI of 67.15 alongside a positive Aroon Oscillator reading of +57.14.
Mint Incorporation Form 6-K filing confirms an AI companion licensing deal with Pudgy Penguins.

https://bitnxt.io/crypto-news/pengu-price-pullback-after-weekly-rally

#Bitnxt

Why ZEC and NEAR Win Crypto Alternative Asset Bid in 2026

Summary :
David Hoffman identifies Zcash and NEAR Protocol as primary winners of 2026 alternative capital allocation.
Zcash market capitalization climbed to $26 billion as capital moved into fixed-supply privacy assets.
NEAR Protocol gained over 60% in seven days to trade at $4.28 alongside Hyperliquid market expansion.
Grayscale converted its Zcash Trust into the spot ZCSH ETF on NYSE Arca with $304 million initial AUM.
21Shares reports the privacy coin sector expanded nearly fivefold over the past year to reach $30 billion.

https://bitnxt.io/crypto-news/zec-near-crypto-alternative-asset-bid

#Bitnxt

ARK Venture Fund Tokenization Brings OpenAI Exposure Onchain

Summary :
ARK Invest launched tokenized share classes for the ARK Venture Fund (ARKVX) on Ethereum using Securitize infrastructure.
ARKVX holds positions in high-profile private tech firms including OpenAI, Anthropic, Stripe, and Databricks.
The U.S. SEC issued an amended order on September 21, 2026, permitting tokenized share issuance for ATS trading alongside exchange-listed classes.
Investors acquire fund-level interests rather than direct equity ownership in underlying portfolio companies like OpenAI.
Securitize handles onchain issuance under its ticker SECZ following ARK's October 2025 strategic equity investment and $10 million note.

https://bitnxt.io/crypto-news/ark-venture-fund-tokenization-openai

#Bitnxt

New York Sues Polymarket Over Alleged Unlicensed Gambling

Summary :
New York Attorney General Letitia James filed a Manhattan state court lawsuit against Polymarket on September 24.
The petition alleges unlicensed sports wagering, targeting event contracts like a July Dodgers versus Mets game.
State prosecutors cite age restrictions, arguing Polymarket permitted users aged 18 to 20 on a 21-plus sports betting market.
Enforcement remedies demand an immediate operational halt, customer restitution, civil fines, and asset forfeiture.
The lawsuit escalates a federal-state jurisdictional battle over CFTC oversight versus state gaming enforcement.

https://bitnxt.io/crypto-news/new-york-sues-polymarket-illegal-gambling

#Bitnxt

Bitcoin Rally Leverage Rises as ETF Inflows Hit 85K Peak

Summary :
US spot Bitcoin ETFs recorded $999 million in net inflows on September 21 and $714.7 million on September 22.
Futures open interest increased approximately 7% over the past month with annualized funding rates holding near 8%.
Bitfinex market data places the primary concentration of recent spot buying between $85,000 and $86,500.
Corporate treasury adviser Wojciech Kaszycki identifies $90,000 as a heavy resistance zone where trapped holders may break even.
Five-day ETF net inflows reached $2.65 billion through September 23 despite market pullbacks from $87,392 highs.

https://bitnxt.io/crypto-news/bitcoin-rally-leverage-etf-inflows

#Bitnxt

Paxos PAXGy Token Launch Brings Yield to PAX Gold Holders

Summary :
Paxos Labs launched PAXGy, a tokenized gold derivative that earns interest through institutional bullion leasing.
Lease income accrues by increasing the PAXGy-to-PAXG conversion rate rather than rebasing token wallet balances.
OKX serves as the exclusive centralized exchange launch partner across OKX Gold Earn and the X Layer network.
Chainlink Cross-Chain Interoperability Protocol provides exclusive messaging for cross-chain token transfers.
Direct physical bullion redemptions via Paxos require 430 PAXG minimums and institutional identity verification.

https://bitnxt.io/crypto-news/paxos-paxgy-token-pax-gold-launch

#Bitnxt

Fed Proposes GENIUS Act Stablecoin Reserve Rules for Banks

Summary :
Fed-supervised issuers must maintain 100% reserve backing using short-term U.S. Treasury bills and eligible liquid assets.
Insured state member banks must apply through Federal Reserve Banks to issue stablecoins via dedicated corporate subsidiaries.
Federal Reserve receives 30 days to review application completeness and 120 days to issue a final regulatory decision.
Public comment period spans 60 days following publication of the twin proposals in the Federal Register.
Regulatory proposals follow an August pledge by a 21-bank consortium aiming for a 2027 U.S. dollar stablecoin rollout.

https://bitnxt.io/crypto-news/fed-proposes-genius-act-stablecoin-reserve-rules

#Bitnxt

xStocks Adds Tokenized Shares Hardware Wallet Ledger Support

Summary :
Cumulative transaction volume across the xStocks tokenized equity product line has surpassed $42 billion.
Kraken users can approve transactions and move funds using Ledger devices via the Device Management Kit.
Payward Services will handle direct crypto buying, selling, and fiat swaps inside the Ledger Wallet application.
xStocks remain restricted from U.S. investors and do not grant corporate voting or dividend rights.
Integration includes Clear Signing technology to display exact on-chain transaction details prior to user authorization.

https://bitnxt.io/crypto-news/xstocks-ledger-hardware-wallet-tokenized-shares

#Bitnxt

Cardano Fireblocks Token Support Sparks ADA Breakout Test

Summary :
Fireblocks plans full institutional custody and transfer support for Cardano Native Tokens by March 2027.
The integration standardizes CIP-26 registry and CIP-68 metadata tokens, eliminating legacy manual processes.
ADA price climbed to $0.247 after hitting an intraday peak of $0.251 on September 24.
Key technical resistance sits at $0.262, while initial downside support holds firm around $0.235 to $0.236.
CoinGlass liquidation heatmaps show a heavy long-leverage liquidation band clustered at $0.252.

https://bitnxt.io/crypto-news/cardano-fireblocks-token-support-ada-breakout

#Bitnxt

Strive Raises $86M via SATA for Bitcoin Treasury Buying

Summary :
SATA preferred stock sales generated an estimated $85.88 million across three trading sessions from Sep. 21 to Sep. 23.
Share proceeds correspond to potential buying power for 1,001.67 BTC based on prevailing spot market prices.
Strive previously reported holding 26,355 BTC after purchasing 1,355 BTC for $107.7 million in mid-September.
MicroStrategy acquired 950 BTC for $75.7 million while deploying $174 million to buy back STRC preferred stock.
Strive holds 505,000 STRC preferred shares while offering a 13% annualized September dividend on SATA.

https://bitnxt.io/crypto-news/strive-raises-86m-sata-bitcoin-treasury-buying

#Bitnxt