📊 Crypto shorts squeezed as liquidation imbalance hits 2,633%
Bitcoin, Ether, and XRP shorts are being aggressively unwound, with liquidation data showing a 2,633% imbalance between short and long liquidations — a signal of a sustained short squeeze across major crypto assets.
The move comes despite sticky US inflation and 10-year Treasury yields at 5.2%, conditions that have historically pressured risk assets. BTC, ETH, and XRP have shrugged off the macro headwinds, forcing leveraged short positions into liquidation.
Elevated Treasury yields typically draw capital away from risk assets, making the resilience of crypto notable. The scale of the liquidation imbalance suggests significant crowded short positioning had built up ahead of the move.
💰 Armada Shareholders Vote on XRP Treasury Merger Sept. 30
Armada Acquisition Corp. II shareholders are set to vote on September 30 on a proposed merger with Evernorth, a company focused on holding and managing XRP.
If approved, the combined entity would trade on Nasdaq under the ticker XRPN and hold more than 470 million XRP. The deal would create one of the few publicly listed vehicles structured around an XRP treasury, giving investors direct equity exposure to XRP holdings through a Nasdaq-listed company.
The DFI token fell 75.92% within a single hour, dropping to $0.000637, according to Coinfomania data.
No cause for the move was identified in available reporting. Sharp single-hour declines of this magnitude are typically associated with low-liquidity tokens, large sell orders, or smart contract exploits, though none of these has been confirmed in this case.
💰 XRP Ledger Sets RWA Transfer Record at $7B in One Day
The XRP Ledger recorded a new all-time high in tokenized real-world asset activity, with over $7 billion in RWA volume moved across the network in a single day.
The figure represents a 47,000% increase compared to the transfer volume recorded one month prior, marking a dramatic acceleration in on-chain RWA activity on XRPL.
💵 Tether Freezes $550M in Iran-Linked USDT Amid Senate Scrutiny
Tether disclosed it has frozen approximately $550 million in USDT linked to Iran-connected wallets in 2026, as U.S. Senate Democratic investigators alleged the stablecoin has become a central component of Iran's shadow banking network.
Investigators identified USDT across 846 Iran-linked wallets. Tether, in response, pointed to blockchain transparency as a sanctions enforcement advantage — arguing that on-chain traceability allows authorities to identify wallets and coordinate freezes directly with the issuer.
The disclosures highlight growing regulatory pressure on stablecoin issuers to act as compliance intermediaries, as lawmakers scrutinize USDT's role in circumventing traditional financial controls.
🏦 Goldman Sachs Links $100B Treasury Fund to Crypto Firms
Goldman Sachs is integrating its roughly $100 billion Treasury fund into the institutional crypto ecosystem, offering it as a financial tool to crypto firms without creating a tokenized version of the fund.
The move connects one of Wall Street's largest Treasury vehicles directly to crypto-native institutions, expanding the bank's role in the sector's financial infrastructure. The arrangement allows institutional crypto clients to access the fund through existing plumbing rather than via a blockchain-based wrapper.
The development reflects growing convergence between traditional finance and institutional crypto, as major banks deepen operational ties with the sector beyond custody and trading services.
🔐 Bitget had 30 minutes before $290M hack funds moved
Blockchain security firm Hypernative has analyzed the timeline of the Bitget exploit, placing the first major transfer wave approximately 30 minutes after Bitget's reported detection — with a second wave following around 45 minutes after detection.
The exchange had a narrow window to contain the breach before an estimated $290 million began moving, according to the analysis. The findings highlight how quickly attackers can mobilize stolen funds and the critical importance of rapid response protocols in exchange security incidents.