Author: Kryptonews

Tron’s recent fee reduction has significantly cut into the revenue earned by its block producers, according to a new report from CryptoQuant.The total daily network fees for Tron’s block producers, known as Super Representatives, dropped to $5 million on Sept. 7, the lowest level in over a year. That’s a 64% revenue decline in 10 days, down from $13.9 million the day before lower fees were implemented.Onchain data shows that average gas fees on Tron have decreased by 60% after the network implemented a proposal slashing the energy unit price from 210 sun to 100 sun. Gas fees are transaction…

The auction of two 17th century oil still-life paintings of flowers was recently halted after a foundation claimed they were looted by Nazis during World War II. The 5-inch by 8-inch paintings were set to be sold by Apple Tree Auction Center in Newark, Ohio as part of a sale of unclaimed items from safety deposit boxes, reported The Columbus Dispatch, which first reported the news. But research by the Monuments Men and Women Foundation and the Jewish Digital Cultural Recovery Project (JDCRP) pointed to the two paintings as originally part of the art collection of Adolphe and Lucie Haas…

Key points:Bitcoin’s recovery remains on track, backed by solid demand from the spot Bitcoin ETF buyers.BNB, HYPE, and SOL are leading the altcoin charge higher, signaling solid buying by the bulls. Bitcoin (BTC) rose to $116,495 on Friday, and the relief rally is backed by solid buying in the spot BTC exchange-traded funds (ETFs), which witnessed $1.7 billion in net inflows this week, according to data from SoSoValue.Crypto trader and analyst Matthew Hyland spotted the most extreme level of tightness on the Bollinger Bands on the monthly time frame. Separately, popular analyst Crypto Ceasar said in a post on X that…

In brief Major altcoins like Dogecoin and Solana surged on Friday, with BNB hitting a new all-time high price. Their gains came off the back of Bitcoin and Ethereum price jumps, with both at their highest points this month. Investors are feeling good about the Fed cutting interest rates next week—which could benefit crypto markets. Crypto markets jumped Friday afternoon New York time, with BNB hitting a new all-time high and other major altcoins posting sizable gains as Bitcoin and Ethereum reached their highest respective marks so far in September.BNB—the sixth-biggest digital coin by market cap—touched a new high above…

Artificial intelligence company OpenAI has signed a non-binding memorandum of understanding with its largest investor, Microsoft, to restructure its business.In a Thursday notice, OpenAI said the move, first proposed in May, would allow its for-profit arm to transition to a public benefit corporation, while the nonprofit would maintain control of the company. Under the deal, the nonprofit arm will have a stake worth more than $100 billion in the public benefit corporation.“OpenAI was founded as a nonprofit, is today a nonprofit that oversees and controls the for-profit, and going forward will remain a nonprofit that oversees and controls the for-profit,”…

Polymarket, the online betting exchange where users wager on real-world outcomes, has weighed a deal that would value the company at $9 billion, according to The Information.The number marks a sharp climb from its $1 billion valuation just three months ago, when it raised funds in a round led by Peter Thiel’s Founders Fund.The rise comes as regulators loosen restrictions. In 2021, the Commodity Futures Trading Commission barred Polymarket from offering prediction contracts in the U.S. But earlier this year the agency gave the platform the green light to operate domestically, opening the door for new growth.Polymarket allows users to…

Allied Gaming is making its move as institutional crypto adoption accelerates. The company invested in Bitcoin and Ethereum, citing a shifting regulatory environment as a key factor enabling its new digital asset strategy. Summary Nasdaq-listed Allied Gaming added BTC and ETH to its treasury for the first time. Shares jumped over 100% following the crypto investment announcement. The move aligns with accelerating institutional adoption of digital assets According to a press release dated September 12, Nasdaq-listed Allied Gaming & Entertainment has made an initial allocation of its corporate treasury into Bitcoin (BTC) and Ethereum (ETH). The experiential entertainment firm, known…

Decentralized derivatives exchange Hyperliquid has consistently outperformed traditional finance giants in terms of volume and net income.DefiLlama data estimates Hyperliquid’s annualized net income at $1.24 billion as of Sept. 12, exceeding Nasdaq’s $1.12 billion net income for the entirety of 2024 by 11%.The comparison positions the DeFi platform ahead of one of the world’s largest stock exchanges in net income, despite operating with just 11 team members.Additionally, data from ASXN shows Nasdaq employed 9,162 people in 2024, producing a net income per employee ratio of $123,335.52.Hyperliquid’s 11-person team generates approximately $113 million per employee, establishing the highest net income-to-employee ratio…

In the age of Web3 mixed with AI, the idea of an “AI agent”, a virtual being that can act and talk on its own, is turning into a hot trend. Holoworld AI is one of the first platforms trying to merge AI with blockchain. Its goal is to bring virtual characters (AI agents) to life, giving them personalities and the ability to interact in many ways, and letting people truly own them through decentralized tech.What is Holoworld AI?Holoworld AI, built by Hologram Labs, is both a marketplace and a social platform. It runs on the Web3 + AI idea.…

Tether, the company behind the world’s most widely used stablecoin, has announced plans to launch USA₮, a U.S.-regulated, dollar-backed token to strengthen the role of the U.S. dollar in digital markets.Alongside the unveiling, Tether named Bo Hines, the former Executive Director of the White House Crypto Council, as the incoming CEO of Tether USA₮. Tether Unveils USA₮, its Planned U.S.-Regulated Dollar-Backed Stablecoin, and Will Appoint Bo Hines as CEO of Tether USA₮Follow @USAT_io https://t.co/w0JxBvttwv— Tether (@Tether_to) September 12, 2025 The move shows what Tether calls the “next chapter” in its strategy, combining compliance, transparency, and American leadership. USA₮ will be…