Bitcoin set to snap three-week win streak on surging oil, tick up in Fed hike bets

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Bitcoin dips to $77.1k as PPI data boosts Fed rate hike bets, oil prices jump

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Kraken Adds Editable Grid Bot with Backtesting to Desktop App

Kraken has added Smart Grid, an automated range-trading tool, to its desktop application for eligible Pro users. The exchange is entering a crowded grid-bot category by focusing on backtesting, saved configurations and parameters that can be changed after launch.

Smart Grid is available to eligible Kraken Pro users through Kraken Desktop. It runs natively in the desktop application rather than through the exchange’s web interface.

Backtesting Before Capital Goes Live

The bot places a series of buy and sell orders across a price range the trader selects. It is designed to capture price movements within that range without requiring the user to place each order manually.

Before activating the strategy, users can select an eligible trading pair, allocate an investment amount and set the upper and lower price boundaries. They can also choose the number of order levels and the spacing between them. It is also possible to save configurations for reuse or adjust them as market conditions change.

Grid strategies are generally intended for sideways or choppy markets. A sustained move in either direction can take the asset outside the configured range, leaving the strategy unable to continue buying and selling across its intended levels.

To assess that risk, Smart Grid lets traders test chosen parameters against historical price data before committing capital. Backtesting shows how the configuration would have performed previously, but does not predict future results.

Parameters Can Change While the Bot Runs

Kraken lets you edit the grid after activation. Traders can open the configuration panel, change their settings, and apply the revised parameters without stopping the bot or rebuilding the strategy.

The product includes live performance tracking, an overall grid stop-loss, and an option to enable or disable margin. Margin availability and stop-loss behaviour may vary by the user’s account type and region.

Kraken said the bot runs on the same low-latency, low-memory architecture as its native desktop application.

The company is positioning this as an alternative to grid tools running inside browser tabs. The launch follows other 2026 moves aimed at more active and systematic traders.

In April, the exchange promoted its API infrastructure for algorithmic strategies across spot and futures. It subsequently launched Kraken Funded in July, allowing eligible users who pass a trading evaluation to access capital provided by the platform.

According to Kraken's announcement, Smart Grid is not a passive-income product. Users remain responsible for selecting the price range, monitoring the strategy and adjusting its risk settings as market conditions change.

This article was written by Tanya Chepkova at www.financemagnates.com.

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Bitcoin falls nearly 1% as Fed rate hike bets remain elevated, oil prices rise

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Binance Plans Kazakhstan Settlement Hub for CIS and Eastern European Clients

Kazakhstan is trying to turn its new first-category payment organisation licence into a regulated channel for crypto-linked regional settlement.

Under a memorandum with the National Bank, Binance plans to create a local group company, apply for that licence and route part of its regional payments and money-transfer activity through Kazakhstan if approved.

Binance Plans Local Payment Entity

The structure would give Binance a licensed payments base in Kazakhstan for settlements connected with digital-asset transactions by clients in Central Asia, the CIS and Eastern Europe.

It would also give the National Bank a large global test case for rules that extend Kazakhstan’s digital-asset policy beyond trading venues.

Part of Binance’s regional payment infrastructure and operations would then be based in Kazakhstan. A payment or transfer requiring settlement for a Binance customer in one of the covered markets could be routed through the local entity.

The National Bank would still control entry into that system. It would decide whether to grant the licence and apply requirements covering payment infrastructure, financial stability, system reliability, KYC and AML controls.

New Licence Extends Policy Beyond Crypto Trading

The licence is in line with Kazakhstan’s broader move to bring crypto trading, payments and tokenisation into supervised infrastructure.

Since May 2026, the National Bank has overseen digital-asset service providers operating in Kazakhstan outside the Astana International Financial Centre, while the AIFC continues to regulate firms within its own jurisdiction.

That wider framework covers digital financial assets, including money-backed stablecoins, tokenised real-world assets and digital forms of traditional financial instruments.

Three Memoranda, No Launch Approval

Between September 4 and 7, Binance announced three related memoranda with the National Bank, the Ministry of Artificial Intelligence and Digital Development, and the Astana International Financial Centre.

The National Bank memorandum covers payment infrastructure and the proposed local payment organisation; the ministry agreement includes studying a possible Kazakhstan stablecoin and payment infrastructure using digital assets; and the AIFC agreement concerns investment-related applications.

The National Bank and Binance have prepared a roadmap covering infrastructure, licensing and possible payment products.

No licence has been announced, and the parties have not disclosed the final list of countries, products, settlement volumes, technical structure or launch date.

Kazakhstan has a potential anchor client for its regional payments push, but not yet an operating settlement network.

This article was written by Tanya Chepkova at www.financemagnates.com.

* This article was originally published here

Get Ready: Bitcoin About To Explode Higher?

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Bitcoin consolidates near $82K resistance: Live levels

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