Cryptoccino — Friday 11 September 2026

Zcash outperforms as altcoins crater. ZEC emerged as the week’s standout gainer while the broader altcoin complex sold off, benefiting from a confluence of privacy-coin narratives and thin liquidity in competing assets. The divergence underscores how selectively capital is rotating rather than retreating uniformly. bloomberg_crypto

Bitwise closes its Dogecoin ETF after less than a year. BWOW launched in November 2025 with roughly $3 million in opening-day volume and never recovered momentum. The closure is a quiet acknowledgement that novelty ETFs need sustained retail appetite, which the current environment is not supplying. theblock cryptobriefing

SGX opens BTC and ETH perps to US institutions. Singapore Exchange has made its Bitcoin and Ether perpetual futures contracts accessible to American institutional clients, a notable expansion for a regulated Asian venue seeking cross-border flow. For US desks, it adds a credentialed non-US venue to the perps stack. coindesk

$3 billion in BTC and ETH options expired as ETH holders shift toward puts. The expiry itself cleared without major disruption, but the composition of open interest heading into it showed Ethereum traders defensively buying downside protection. That positioning shift matters for how vol markets reprice into the CPI print. cryptobriefing

Nasdaq puts $100M into Kraken parent Payward at a $21B valuation. The investment deepens an existing tokenised equity infrastructure partnership between the two firms. The implied valuation is a sharp step up from the $13.3B figure attached to Deutsche Börse’s stake just five months ago, reflecting how quickly exchange consolidation logic is being priced. theblock bloomberg_crypto decrypt coindesk

Coinbase rebrands Base App back to Coinbase Wallet after a year-long social experiment. The rebranded wallet now covers more than ten networks including Robinhood Chain and Monad, and adds perps, prediction markets, and tokenised stocks. The retreat from the Base App identity is an honest signal that product-market fit required broader asset coverage, not a narrower L2-native identity. theblock decrypt

Former Bank of England deputy governor Jon Cunliffe joins Fnality. Cunliffe and former Bundesbank executive Jochen Metzger both joined the bank-backed blockchain payments firm, adding significant regulatory credibility to a network already backed by global tier-one institutions. The hires signal Fnality is moving from infrastructure build to the political and supervisory engagement phase. bloomberg_crypto

Polymarket hires former Amazon CFO Warren Jenson as its first finance chief. The appointment of a seasoned public-company finance executive suggests Polymarket is preparing for a capital event, whether a fundraise or eventual IPO, rather than remaining a pure-play crypto product. Separately, the EU’s top markets regulator has raised questions about whether Polymarket and Kalshi hold the authorisations required to operate in Europe. coindesk coindesk

Quantum attack cost estimates for Bitcoin and Ethereum cut in half. Researchers using AI agents completed the ECDSA.Fail challenge, slashing the resource benchmark for a key operation in a theoretical quantum attack by roughly 86%, cutting the overall previously reported estimate by more than half. The two studies use different accounting methods, so direct comparison is imprecise, but the directional trend is clear and accelerating. decrypt theblock coindesk

SEC charges New Jersey operator with a $16M crypto Ponzi. Ernest Ossei Boateng and his two entities, Intercontinental Wealth Network and I Wealth Network, allegedly raised roughly $16 million from more than 200 investors. Standard affinity-fraud structure; notable mainly for the SEC continuing to work the retail fraud pipeline amid broader regulatory recalibration. sec_press

Hunter Biden LAPTOP memecoin collapses 98-99% on launch day. The project blamed sniper bots and thin liquidity for the near-total wipeout, with traders reporting six-figure losses. The team has pledged pool incentives and supply burns, which is the standard post-rug playbook whether or not the launch was deliberately structured that way. coindesk theblock

Senate Republicans release a revised Clarity Act ahead of a September 15 procedural vote. The updated text tightens DeFi provisions, adds registration requirements for controlled trading protocols, and adjusts credit union language, though the path to 60 votes remains genuinely uncertain. Treasury Secretary Bessent publicly urged passage, warning that failure would send a damaging signal about American digital-asset leadership. theblock decrypt coindesk cointelegraph_regulation

UK House of Lords passes amendment mandating a formal digital asset strategy. The amendment, approved 194 to 138, would require the Treasury to produce a strategy covering cryptoassets, stablecoins, tokenised securities, and digital financial infrastructure, going further than the current Labour government’s position. It now returns to the Commons, where the government will decide whether to accept, modify, or reject the change. cointelegraph_regulation

EU finance groups push to scrap or dramatically raise the tokenised securities cap. Nasdaq, Boerse Stuttgart, and a coalition of European finance and tokenisation organisations asked Brussels to eliminate the existing DLT pilot regime cap entirely, or set a fallback floor of 1.5 trillion euros. The current limit is seen as constraining genuine institutional adoption before the infrastructure has been properly stress-tested at scale. coindesk cointelegraph_regulation

SBF petitions the Supreme Court to overturn his fraud conviction and $11B forfeiture order. The petition argues Bankman-Fried was improperly prevented from presenting evidence that FTX held sufficient assets to cover customer losses, a claim the trial court rejected. Cert petitions in high-profile financial fraud cases succeed rarely; this one keeps the FTX litigation timeline open for another news cycle. theblock

What else is grinding?

• Vitalik Buterin is pushing EIP-8288 for the I-star upgrade, which would make RISC-V Ethereum’s canonical instruction set and cut quantum-safe privacy costs significantly. decrypt
• Uniswap Labs launched StablePair Hook, a v4 tool applying dynamic fees to stablecoin pairs such as USDC/USDT, aiming to capture more value for LPs in a segment traditionally dominated by Curve. theblock
• MoneyGram has launched its first stablecoin-backed Visa card in Colombia, built with Rain, targeting the remittance-to-spending pipeline. theblock coindesk
• Citadel Securities has written to the SEC urging it to assert jurisdiction over equity-linked event contracts, directly challenging the CFTC’s self-certification of those products. theblock
• An Indian agricultural warehouse operator is bringing $2 billion in grain-backed loans onchain, one of the larger real-world asset collateral experiments outside the financial sector. coindesk
• Monument Bank has delayed its retail tokenised deposit rollout in the UK, citing unresolved custody partner onboarding and ongoing regulatory questions. coindesk

Last sip. The Clarity Act cloture vote is six days out and nobody is confident they have the numbers.