Daily Archives: September 1, 2026

Cross-chain oracle compromise triggers liquidations and frozen vaults across multiple DeFi networks

Switchboard, an oracle provider that supplies price data to DeFi applications, said contributors halted its deployments on Aptos, Sui, IOTA and Movement after reports of a potential Switchboard Move oracle compromise in its Move-language implementations. At least three applications reported losses, freezes or precautionary access restrictions as Switchboard advised users to migrate temporarily to alternatives.…

Important Pi Network News and PI Price Update: September 1

The controversial cryptocurrency project has stood aside from the spotlight lately as the community awaits a major protocol update scheduled for mid-September. Meanwhile, social media buzz claimed that Elon Musk publicly endorsed PI, yet the token’s price failed to capitalize on the speculation and hardly participated in the broader crypto rebound seen over the past…

Firelight raises $8 million, expands beyond XRP as it aims to make DeFi less scary for fintechs

The protocol aims to give fintechs and investors a faster way to recover losses from DeFi hacks, while letting XRP, bitcoin and XLM holders earn yield by backing that protection.

Bitcoin enters ‘Rektember’ as rate-hike risk combines with seasonality to threaten rally

September has historically been a poor month for risk assets in general, and bitcoin, in particular.

UK is hunting the $86 billion Russia-linked crypto pipeline as it moves to double sanctions fines

Britain is widening its Russia sanctions crackdown from named entities to the payment routes that keep sanctioned networks moving money. On Aug. 31, the National Crime Agency issued its first nationwide industry alert on the A7 network, directing banks, payment providers and crypto firms to examine counterparties, intermediary wallets and cross-border infrastructure linked to Russia-related…

Analyst Declares Bull Market After ETH Breaks Key Monthly Resistance

Ethereum’s latest monthly candle closed above a key resistance level around $2,470 on August 31, prompting analyst Matthew Hyland to declare on X that the downtrend that started in August 2025 is over. He framed the close as the first confirmation that a new bull market has started, comparing the current chart structure to the…

Ethena pushes stablecoins into everyday banking with high-yield savings, cards and payments

Ethena Pay offers a 6% dollar savings rate and 5% card cashback, using Avalanche for settlement.

XRP Targets $2 as Bitwise ETF Records 500 Million

XRP is holding near the same consolidation zone it’s occupied since retreating from August’s $1.70 peak. The token has shed 8.2% over the past week but remains up nearly 26% on a 30-day basis, a reminder that short-term pullbacks don’t always erase medium-term structure. Bitwise’s spot XRP ETF, on the other hand, has crossed $507…

UK’s crime agency freezes Premier League $13.5 million account in crypto crime probe

Authorities targeted funds from a $140 million sponsorship deal with crypto firm Sorare, though law enforcement confirmed no wrongdoing by the Premier League.

Russia just switched on a crypto market that doesn’t fully exist yet

Russia’s new crypto law took effect Sept. 1, but investors cannot yet access the full market it promises. Federal Law No. 282-FZ gives cryptocurrency a formal place within Russia’s supervised financial system, allowing regulated investment and cross-border use through brokers, exchanges, management companies, digital depositories and organized trading venues. However, the catch is that many…