Crypto

Crypto coverage across every StreamSage desk, filed under Crypto: Bitcoin, Ethereum, Altcoins, Stablecoins, DeFi, Exchanges, Networks, Tokenization, Custody, Mining. Sources on every story.

• New York sues Polymarket for running an illegal gambling operation

  The state filed against QCX LLC, demanding triple fines and a license, citing contracts on sports and users under 21.

• $15.6 billion in Bitcoin options expire Friday

  Roughly 182,000 BTC in open contracts settle on Deribit, with the largest strike holding positions on both the call and put side.

• BitMEX ended trading and now charges fees on remaining balances

  The exchange that launched 100x leverage stopped trading at 04:00 UTC Wednesday and is urging users to withdraw funds to avoid costs.

• Circle launches 24/7 stablecoin FX trading service StableFX

  Circle's new service allows vetted businesses to trade stablecoin pairs on its Arc blockchain around the clock.

• Galaxy adds $100M Sky token to treasury

  Galaxy Digital held $100 million of sUSDS in its treasury, with no client loan volume disclosed.

• MoonPay to Acquire North Capital for Private Securities Trading

  The companies announced the pending deal on Sept. 23 without disclosing a purchase price or firm closing date.

• Variational Sets Q4 VAR Launches With 32% Airdrop

  Points distributions continue at 150,000 weekly until the token release, while team and investor tokens face a 12-month lock.

• CoinDesk Data Shows Weak Link Between Bitcoin and Bond Yields

  Bitcoin correlation with U.S. 10-year yields is near zero over 90-day, 180-day, and one-year windows.

• Coinbase launches fixed-rate Bitcoin loans via Morpho

  Users can now borrow USDC against Bitcoin with a locked interest rate and repayment date, alongside an existing $1.4 billion loan book.

• IBM Links Digital Asset Haven to Swift Blockchain Ledger

  IBM's Digital Asset Haven can now connect to Swift's shared ledger, allowing tokenized deposit transactions via standard ISO 20022 messages.

• Trump administration weighs global push for dollar stablecoins

  The plan involves joint ventures with private firms to promote USD-backed tokens and increase Treasury demand.

• Brooklyn man gets up to 12 years over $16 million Coinbase social engineering scheme

  The Brooklyn District Attorney’s Office announced on Wednesday that Ronald Spektor received a prison sentence of four to 12 years.

• Neutron DAO vote triggers $9.3M loss across two DeFi apps

  Proposal #9 authorized 11 admin changes the same day Astroport and Drop lost an estimated $9.3 million, exposing chain-governance risk.

• 52.37 BTC traced to Coldcard recovery trust, not a second rescue

  On-chain data confirms the September transfer matches the August rescue, giving owners a public path to verify claims.

• Hut 8 clears Poolin’s Texas debt at nearly triple the floor price

  Hut 8 bid $140 million for Poolin’s Pyote and Tarbush sites, outbidding a $52 million stalking-horse anchor as AI capacity demand strains the Texas grid.

• Cardano fee cut leaves small pools exposed to thin margins

  Cardano’s proposed fee reduction to 75 ADA faces an 11.7% approval rate, with small pools facing high fixed costs relative to their rewards.

• HTX September Proof of Reserves Shows Zero USDS on Claimed Address

  The September disclosure listed 360,949.90 USDS on a specific address that held nothing at the stated block height, ending a 34-month run of disclosed reports.

• Bitcoin Falls Through the $86,000 ETF Cost Basis as the Whole Market Turns Lower

  Bitcoin closed below $86,000, the level Bitfinex analysts identified as the average entry price for the entire U.S.

• CoinEx Shuts Down After Nine Years, Sets December Cash-Out Deadline

  The Hong Kong-founded crypto exchange is closing following a prolonged market downturn and increasing regulatory costs.

• Hashed Anchors $300M Digital Asset Credit Fund

  Thoro Capital will lend in stablecoins using covenant-based underwriting, aiming to address a financing gap in the institutional crypto sector.