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Research firm Kaiko has warned that the concentration of liquidity on the Binance exchange poses a significant risk to the cryptocurrency market, DL News reported. Kaiko explained that while Binance plays a key role in the crypto ecosystem, it is not officially regulated. The firm also noted that the exchange was convicted in the U.S. for neglecting anti-money laundering obligations and does not hold a Markets in Crypto-Assets (MiCA) license in Europe. According to Kaiko, these factors create substantial structural, operational, and legal risks for the crypto industry.

John Ameriks, Head of Quantitative Equity at global asset manager Vanguard, has described Bitcoin as being closer to a speculative digital toy than a long-term investment asset. He argued that the cryptocurrency lacks fundamental characteristics such as cash flow from dividends or interest and the potential for compounding returns. Meanwhile, Vanguard began allowing trading of crypto ETFs and some crypto mutual funds on its platform this month.

Katherine Dowling, head of the Bitcoin Standard Treasury Company (BSTR), predicts that Bitcoin will surpass $150,000 by 2026, driven by regulatory changes, quantitative easing, and inflows of institutional capital. According to DL News, she said these three structural catalysts will overcome short-term selling pressure.

A Bitcoin OG, identified as 1011short, has increased long positions in ETH and SOL despite facing over $21 million in unrealized losses, Onchainlens reported. The investor's current portfolio includes 175,561.8 ETH valued at $539 million, 250,000 SOL worth $33.13 million, and 1,000 BTC worth $89.94 million.

Major exchanges have seen $119 million worth of futures liquidated in the past hour. In the past 24 hours, $417 million worth of futures have been liquidated.

VivoPower subsidiary Vivo Federation has entered into a joint venture (JV) agreement with Lean Ventures, a firm with Korean roots, to acquire $300 million in Ripple Labs shares, CryptoBriefing reported.

The U.S. Office of the Comptroller of the Currency (OCC) has conditionally approved an application for a Ripple National Trust Bank, BWE News reported. The regulator also granted conditional charters for trust banks to BitGo, Fidelity Digital Assets, Paxos, and Circle. Unlike commercial banks, trust banks must focus exclusively on trust services and related activities, and are restricted from general deposit-taking or lending.

Binance and Pakistan have signed a Memorandum of Understanding (MOU) to explore the tokenization of $2 billion in state-owned assets, Reuters reported. The plan involves tokenizing the country's government bonds and commodity reserves.

Hackers have stolen more than $240,000 from over 270 users by compromising the frontend of the zero-knowledge proof network Zerobase, Lookonchain reported. One user lost 123,597 USDT in the attack. Binance Wallet had previously warned users about the frontend hack.

According to CoinNess market monitoring, BTC has fallen below $90,000. BTC is trading at $89,926.01 on the Binance USDT market.

An Aave Orbit delegate has questioned whether swap fees from Aave's new CoW Swap-based interface are being sent directly to the Aave DAO or to a separate address. The delegate alleges that this has resulted in the secret diversion of approximately 10% of the Aave DAO's potential revenue.

Major exchanges have seen $113 million worth of futures liquidated in the past hour. In the past 24 hours, $324 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has fallen below $91,000. BTC is trading at $90,913.43 on the Binance USDT market.

Backed Finance and Chainlink have launched xBridge, a new bridge designed to transfer tokenized stocks between the Solana and Ethereum blockchains, Coindesk reported. The bridge utilizes Chainlink's Cross-Chain Interoperability Protocol (CCIP) and is capable of tracking stock splits, dividends, and other corporate actions. Currently in a pilot phase, there are plans to expand support to other blockchains, including Mantle and Tron.

Abu Dhabi National Oil Company (ADNOC) Distribution will now support payments using the stablecoin AE Coin at 980 of its gas stations, convenience stores, and car washes across the UAE, Saudi Arabia, and Egypt, Coindesk reported. AE Coin is the first dirham-pegged stablecoin to be approved by the Central Bank of the UAE.

Poland's parliament has reintroduced a cryptocurrency bill that President Karol Nawrocki previously vetoed, CoinDesk reported. The legislation aims to establish a unified supervisory framework for crypto-assets, aligning the country with the European Union's Markets in Crypto-Assets (MiCA) regulation. Politically, the bill is also intended to address national security concerns related to Russia and former Soviet states. President Nawrocki had vetoed the earlier version of the bill, expressing concerns that its strict regulations could threaten the freedom and stability of Polish citizens.

Pyth Network has launched a buyback program this month, dubbed PYTH Reserve, which will allocate 33% of its DAO treasury to purchase PYTH tokens from the open market monthly. According to The Block, the buybacks will be funded by network revenue. The first purchase is expected to be between $100,000 and $200,000. The DAO treasury currently holds approximately $500,000.

Hong Kong-based China Asset Management plans to deploy Asia's first and largest tokenized money market fund on the Solana blockchain, according to a statement from Solana. The fund, which has already launched, includes the Hong Kong dollar, the U.S. dollar, and the yuan.

Ripple Payments has partnered with Swiss-based crypto bank Amina to build a fiat-to-stablecoin payment infrastructure for the bank, Cointelegraph reported. The move follows Amina's announcement in July that it would provide custody and trading services for Ripple's stablecoin, RLUSD.

The three major U.S. stock indices have opened mixed. The S&P 500 is down 0.17% and the Nasdaq Composite has declined 0.46%, while the Dow Jones Industrial Average has gained 0.2%.

The Royal Bank of Canada has purchased 77,700 shares of American Bitcoin (ABTC), BitcoinTreasuries reported. American Bitcoin is a Bitcoin mining and treasury company co-founded by Eric Trump and Donald Trump Jr.

German payment gateway DECTA anticipates that euro-denominated stablecoins will gain prominence in payments and tokenized finance as the Markets in Crypto-Assets (MiCA) regulation is fully implemented across the EU. The firm added that the success or failure of these stablecoins will likely be determined by 2026, Cointelegraph reported.

Cleveland Federal Reserve President Beth Hammack said she favors a slightly more restrictive monetary policy.

U.S. online brokerage Interactive Brokers has added support for stablecoin deposits, Bloomberg reported.

Austan Goolsbee, President of the Federal Reserve Bank of Chicago, said he anticipates more interest rate cuts in 2026 than the median projection shown in the Federal Reserve's dot plot. The dot plot released after the most recent FOMC meeting currently indicates a single 25-basis-point cut for that year.