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Bitcoin SOPR Hits Longest Profit Run of 2026 as Bear-Market View Shifts

Bitcoin appears to be showing signs of a recovery in on-chain profitability despite the broader market still wrestling with uncertainty around where this cycle’s lows may ultimately form. A widely watched measure—spent output profit ratio (SOPR)—has remained above its breakeven level for an unusually long stretch in 2026, echoing patterns typically seen earlier during bull-market rebounds. At the same time, analyst David Puell cautioned in a recent interview that SOPR’s improvement may not be enough by itself to conclude a bear-market floor is already in place. His view suggests that investors should respect the possibility of additional downside even as on-chain behavior turns more constructive. Key takeaways According to CryptoQuant, Bitcoin’s SOPR has stayed above the breakeven threshold of 1 since Aug. 19 , currently around 1.002 . The current three-week run is the longest bullish SOPR streak of 2026 , a pattern often associated with early bull-market recovery conditions. Ch...
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Crypto Industry Launches New Push Ahead Of Key Clarity Act Vote

The crypto industry has launched a renewed push in support of the Clarity Act ahead of a key procedural vote in the Senate on September 15. However, Republican lawmakers are worried the bill could fail if lawmakers disagree over ethical concerns around President Trump’s crypto interests. The Clarity Act will help establish clear rules and divide oversight between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Crypto Industry Launches Clarity Act Push The United States Senate will decide whether to invoke cloture on a motion to proceed to the Clarity Act on September 15. The motion requires 60 votes to pass. The act will establish clear federal rules for crypto and clearly define oversight of the sector between the SEC and CFTC. However, some Republican lawmakers worry the bill may fall short of the required votes. With support wavering, the crypto industry has launched a campaign to drum up support for the bill. The campaign emphasizes...
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Bernstein: Robinhood Chain fees could reach $160M annually by 2028

Robinhood’s blockchain network could become a major fee generator, with Bernstein analysts forecasting up to $160 million in annual fees by 2028. In a report shared with Cointelegraph on Tuesday, the firm pointed to a shift in trading activity on the chain toward tokenized stocks—an activity mix the analysts believe is becoming self-reinforcing. Within the short window since the network’s launch on July 1, Bernstein said tokenized stock trading has grown to roughly 27% of total volume, while native memecoin pairs have fallen to 36% of network activity from about 100% at launch. The change has helped the chain rise quickly in overall revenue rankings. Key takeaways Bernstein expects Robinhood’s blockchain network to reach as much as $160 million in annual fees by 2028. Tokenized stocks now represent about 27% of the chain’s trading volume, up from memecoin-dominated activity at launch. DefiLlama data shows the chain generated $2.13 million in fees in the past 24 hours and is curre...
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Cybercrime Boss Malone Lam Pleads Guilty in $245M Crypto Theft Case

Singaporean national Malone Lam has pleaded guilty in US federal court to participating in a racketeering conspiracy prosecutors say was used to steal and launder more than $245 million in cryptocurrency. Prosecutors allege the scheme relied on social engineering tactics and home break-ins, and that Lam helped run an international operation that targeted victims through online connections. In a statement released Tuesday, the US Department of Justice said Lam organized the enterprise, identified prospective victims, and coordinated other conspirators. According to court documents referenced by the DOJ, the operation was formed through connections on online gaming platforms and was active from no later than October 2023 through at least May 2025. The plea was entered before US District Judge Colleen Kollar-Kotelly, and the court scheduled a status hearing for Dec. 8. The government did not announce a sentencing date. Key takeaways Lam pleaded guilty to one count of a RICO conspiracy, ...
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Malone Lam Pleads Guilty in $245M Crypto Theft Conspiracy Case

A Singaporean national, Malone Lam, has pleaded guilty in US federal court to participating in a racketeering conspiracy prosecutors say relied on social engineering and physical break-ins to steal and launder more than $245 million in cryptocurrency. The US Department of Justice said Lam helped build and run an international operation, including selecting targets and coordinating co-conspirators. Prosecutors allege the enterprise operated from no later than October 2023 through at least May 2025, according to court documents unsealed by the DOJ. Lam entered the plea before US District Judge Colleen Kollar-Kotelly to one count of participating in a Racketeer Influenced and Corrupt Organizations (RICO) conspiracy, and the judge scheduled a status hearing for Dec. 8 without announcing a sentencing date. Key takeaways Malone Lam’s guilty plea centers on participation in a DOJ-described RICO conspiracy involving over $245 million in crypto theft and laundering. Prosecutors say the oper...
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Circle to Acquire Tazapay to Expand USDC Cross-Border Payments in the US

Circle has agreed to acquire Singapore-based cross-border payments platform Tazapay in a $400 million all-stock deal expected to close in 2027, the companies announced. The acquisition is structured as a Class A common stock purchase, with the final price subject to adjustments tied to Tazapay’s debt, transaction expenses, and cash levels, according to a filing with the US Securities and Exchange Commission. The transaction will also depend on customary closing conditions and approval from the Monetary Authority of Singapore, Circle said in its Tuesday announcement. Circle previously invested in Tazapay through Circle Ventures, including during the startup’s August 2025 Series B round. Key takeaways Circle is buying Tazapay for $400 million in an all-stock transaction expected to close in 2027. The SEC filing says the deal price will be adjusted for Tazapay’s debt, transaction expenses, and cash. Tazapay reports more than $25 billion in annualized payment volume and services over...
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Mexico Probe Links Quadruple Homicide to Alleged Bitcoin Robbery Attempt

Authorities in Mexico have arrested two suspects accused of killing four people in a home invasion they allegedly carried out in search of a Bitcoin “cold wallet” believed to contain millions of dollars, according to La Jornada and an update from the Attorney General’s Office of the State of Mexico (FGJEM). The alleged incident centers on Jonathan Meléndez, a keyboardist for the rock band Camilo Séptimo, along with his pregnant wife, their daughter, and a household employee in Atizapán de Zaragoza. Mexico’s FGJEM said the suspects may face lengthy prison terms if convicted, while investigators reportedly claim one suspect gained access to the residence through a personal connection. Key takeaways Mexican prosecutors accuse two men of targeting a Bitcoin cold wallet during a multi-victim homicide in Atizapán de Zaragoza, La Jornada reported. Both suspects are scheduled for a hearing on Wednesday, where a judge will decide whether the evidence is sufficient to move forward with cri...
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