Conduit Sues Tether Over $2.76 Million in Frozen USDT Tied to Brazilian Probe
Payments firm Conduit is suing Tether in New York federal court, alleging the stablecoin issuer froze $2.76 million of its USDT for over a year with no explanation.
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Winklevoss Asset Services Files for Spot Zcash ETF Under Ticker WINK
Winklevoss Asset Services has filed with the SEC for a spot Zcash ETF called WINK, with Gemini as custodian and a 0.25% fee, challenging Grayscale's existing ZCSH fund.
FinCEN Withdraws 2020 Unhosted Wallet Rule and 2023 Crypto Mixer Designation
FinCEN has withdrawn its 2020 proposal to track crypto sent to self-custodial wallets and its 2023 bid to label mixers a money laundering risk.
ZachXBT Says He Fronted $349,700 to Infiltrate Chinese Syndicate Laundering Bybit Hack Funds
On-chain investigator ZachXBT says he posed as a client of a Chinese laundering ring, fronting $349,700 and losing 5% per order, to trace North Korea's Bybit hack proceeds.
CFTC Proposes New Rules for Leveraged Crypto Trading, Seeks Public Comment
The CFTC issued an advance notice of proposed rulemaking on leveraged retail crypto trading, introducing draft Regulation CTX and Regulation CAM and a new exchange category.
OKX and NYSE Parent ICE File Joint Venture for 24/7 Tokenized US Stock Trading
OKX and NYSE parent ICE have filed a joint venture, OKXICE, with the SEC to launch round-the-clock tokenized trading in more than 60 US stocks under the agency's new innovation…
Community Bankers Group Sues OCC Over Crypto Trust Charters
A U.S. community banking trade group has sued the OCC, challenging its authority to grant crypto trust charters, including a conditional approval for Protego.
50,000-Signature Campaign and Circle Push EU to Loosen MiCA Stablecoin Rules in Review
A 50,000-signature campaign, Circle, and Hyperliquid's policy arm are all pressing Brussels to loosen MiCA stablecoin and derivatives rules as the EU reviews the framework.
US Treasury Designates Russia's A7 Network a Transnational Criminal Organization, Proposes Sub-Agent Payment Ban
FinCEN designated Russia's A7 Network a transnational criminal organization and proposed barring its sub-agents from processing U.S. dollar payments.
SEC Proposes Rules Allowing Investment Advisers to Self-Custody Crypto Assets
The SEC has proposed new rules letting registered investment advisers and regulated funds self-custody crypto assets or use state trust companies, with a 60-day comment window once published.
NEAR Intents Halts Services After $3.8 Million Exploit, Pledges Full Compensation
NEAR Intents suspended deposits and withdrawals across 11 networks after a $3.8 million exploit, promising to fully compensate affected users while it repairs its infrastructure.
Bitcoin Steadies Below $84,000 as Cooler PCE Data Eases October Rate-Hike Bets
Bitcoin traded below $84,000 as a softer-than-expected PCE inflation reading cooled bets on an October Fed rate hike, even as Treasury yields kept climbing.
Tether Says It Helped Freeze Nearly $550 Million in Iran-Linked USDT as Senate Report Cites Shadow Banking Role
Tether disclosed freezing nearly $550 million in Iran-linked USDT this year as a Senate minority report said the stablecoin dominates Iran's shadow banking network.
Coinbase Receives CFTC Approval for In-House Derivatives Clearinghouse
Coinbase has won CFTC approval to run its own derivatives clearinghouse, letting it list, broker and clear fully collateralized contracts without outside partners.
10-Year Treasury Yield Hits Highest Level Since 2007, Tops 5.2% as Stocks Slide
The 10-year Treasury yield climbed above 5.2%, its highest since 2007, pressuring stocks, while analysts debate what level would seriously hurt equities or bitcoin.
California Gov. Gavin Newsom Signs Law Banning Public Officials From Issuing Memecoins
California Gov. Gavin Newsom has signed a law barring public officials from issuing memecoins and restricting crypto firms from offering such tokens to state residents.
Appeals Court Rules States Can Regulate Kalshi's Sports Prediction Markets
A federal appeals court sided with Ohio and Tennessee, ruling states can regulate Kalshi's sports-event contracts, the second such loss for the platform in weeks.
Fed Proposes Capital Charges and Bank Approval Rules for Stablecoin Issuers
The Federal Reserve has proposed capital requirements and bank approval procedures for stablecoin issuers, opening the plan for public comment under the GENIUS Act.
Tether Says EQIBank Exposure Is 'Limited' After US Seizes Assets Tied to the Bank
Tether says its exposure to EQIBank is minimal after US authorities seized assets linked to the bank amid a payments-fraud case, according to CoinDesk and The Defiant.
KelpDAO Sues LayerZero and CEO Over $292M rsETH Bridge Exploit
KelpDAO has sued LayerZero and its CEO Bryan Pellegrino, alleging the bridge platform endorsed the setup exploited in an April 18 rsETH hack that drained $292 million.
IBM Links Digital Asset Haven to Swift Ledger as UK Banks Complete First Tokenized Deposit Transfers and CFTC Clears Tokenized Investments
IBM opened a beta link between its Digital Asset Haven platform and Swift's shared ledger for tokenized deposits, as UK banks completed similar transfers and the CFTC cleared tokenized asset…
Kalshi Denies CFTC Investigation Over $5B in Ether Perpetual Trades
Kalshi says the CFTC has not contacted it about roughly $5 billion in similarly sized Ether perpetual trades, calling wash-trading allegations false.
Bitcoin Options Worth Up to $16 Billion Settle in Call-Heavy Quarterly Expiry
Roughly $16 billion in Bitcoin options expired in a quarterly settlement that Deribit data show tilted toward call contracts, according to CoinDesk and Decrypt.
Galaxy Adds $100 Million in Sky's sUSDS to Treasury, Approves It as Loan Collateral
Galaxy Digital added $100 million in Sky's sUSDS to its treasury and approved the token as collateral for institutional loans, according to The Block and The Defiant.
MoonPay to Acquire SEC-Registered North Capital in All-Stock Deal Worth Over $60 Million
MoonPay is acquiring SEC-registered broker-dealer North Capital in an all-stock deal worth more than $60 million, expanding into tokenized securities.
CFTC Issues Staff Advisory Warning of Manipulation Risk in 'Mention Market' Prediction Contracts
The CFTC warned that prediction contracts betting on whether someone will say a specific word carry heightened manipulation risk, even as its chairman pushes markets to prepare for tokenization.
Animoca Brands Suspends Currenc Merger Talks, Delaying Nasdaq Listing Plans
Animoca Brands has put its reverse merger talks with Currenc on hold, pushing back its planned Nasdaq debut, according to Cointelegraph and CoinDesk.
Crypto PAC Fairshake Commits $30 Million to Oppose Sherrod Brown's Ohio Senate Bid
Crypto super PAC Fairshake is spending $30 million to oppose former Sen. Sherrod Brown's Ohio Senate campaign, repeating its 2024 playbook against the crypto-skeptical Democrat.
X Sues Two UK Individuals Over Alleged $277K Bitcoin Account Payout Fraud Scheme
X has filed suit against two UK-based individuals, accusing them of manipulating Bitcoin-focused accounts to siphon hundreds of thousands of dollars from its creator payout program.
Coinbase Files With CFTC to Launch US Single-Stock Perpetual Futures
Coinbase has asked the CFTC to approve perpetual futures on individual US stocks, with contracts set to trade 24/5 and use hourly funding if cleared.
CFTC Sends Crypto Asset Rulemaking to White House as Congress Stalls on Clarity Act
The CFTC has filed its crypto asset rulemaking with the White House for review, moving ahead as Congress stalls on the Clarity Act.
US Treasury Sanctions Iran's BitBank Over Alleged Bitcoin Transfers to Revolutionary Guard
The US Treasury sanctioned Iranian exchange BitBank, saying it moved bitcoin payments tied to a maritime extortion scheme to Iran's Revolutionary Guard.
Crypto.com Registers With SEC for Single-Stock Futures, Says Sister Exchange Cleared for Perpetuals
Crypto.com has registered with the SEC to offer single-stock futures and says its sister exchange OG.com has been cleared to offer single-stock perpetual futures in the US, CEO Kris Marszalek…
SEC Grants 'Innovation Exemption' Allowing Trading of Tokenized NMS Stocks
The SEC issued a temporary, conditional exemption letting 'Tokenized Securities Venues' trade tokenized NMS stocks outside standard exchange rules, and opened the measure for public comment.
Celsius Estate Sues BitMEX for $495 Million Over 2020 Crash Liquidations
The Celsius estate has sued BitMEX for $495 million, accusing the exchange of wrongfully liquidating and seizing 6,360 BTC during the March 2020 market crash.
Bernstein Expects 'Aggressive' SEC and CFTC Rulemaking After CLARITY Act Cloture Vote Fails
The CLARITY Act's cloture vote failed in the Senate, and Bernstein now expects the SEC and CFTC to issue aggressive, swift rulemaking to fill the regulatory gap.
Bessent Testifies Before Congress as Zcash Jumps 6% Ahead of Fed Rate Decision
Treasury Secretary Bessent faced Congress on rates and the economy as Zcash climbed 6% while major cryptocurrencies slid ahead of the Fed's rate decision.
DOJ Charges Two Former Robinhood Engineers With Fraud Over Crypto Listing Trades
US prosecutors charged two former Robinhood engineers with fraud for allegedly trading Hyperliquid perpetual futures ahead of the company's crypto listing announcements, each earning more than $50,000.
CoinEx to Shut Down After Nine Years, Citing Crypto Market Slump
Hong Kong-based crypto exchange CoinEx will cease operations after nine years, blaming a prolonged market slump and rising compliance costs, with withdrawals open until Dec. 22.
Strive Buys 469 More Bitcoin, Pushing Treasury to 25,000 BTC
Strive added 469 BTC for $36.6 million, lifting its total holdings to an even 25,000 BTC, funded entirely through its SATA preferred stock.
US DOJ Seeks $61 Million in Crypto Proceeds Tied to Iranian Oil Sales Laundered via Binance
The US Department of Justice is seeking to seize $61 million in crypto it says came from illicit Iranian oil sales laundered through Binance.
Trump Accepts Stricter Ethics Rules as Republicans Send 'Final' CLARITY Act Offer to Democrats
Senate Republicans released a 635-page 'final' CLARITY Act draft with tougher Trump-backed ethics rules two days before a cloture vote, though Democratic support remains uncertain.
India's SEBI Debuts Tokenized Corporate Bond Pilot With $107M Issued, Settled in Digital Rupee
India's SEBI launched a tokenized corporate bond pilot settled via digital rupee, with three issuers raising over $100 million as regulators eye the country's $620 billion bond market.
Blockstream Refuses Ransom Demand From Hackers Holding Nearly 600 BTC From Liquid Exploit
Blockstream says it won't pay a ransom to hackers holding almost 600 BTC from the Liquid exploit, opting instead to pursue recovery through law enforcement and forensic firms.
Sam Bankman-Fried Petitions Supreme Court to Overturn Fraud Conviction and $11 Billion Forfeiture
Sam Bankman-Fried has asked the U.S. Supreme Court to overturn his fraud conviction and $11 billion forfeiture, arguing he was wrongly blocked from presenting evidence on FTX's assets.
Treasury Yields Keep Rising Despite Bessent's Bond Buyback Push, MarketWatch Flags Stock 'Danger Zone'
Treasury yields kept climbing even as Scott Bessent pushed more bond buybacks, while MarketWatch warned rising yields and inflation pressures are nearing a danger zone for stocks.
U.S. Bank Pilots Proprietary Stablecoin USBDC in Cross-Border Transfer on Stellar
U.S. Bank piloted its own dollar-backed stablecoin, USBDC, on the Stellar network to move funds between its North American and European entities.
Crypto and Banking Groups Lobby Senators Ahead of Clarity Act Procedural Vote as Coinbase CEO Says Regulation Will Advance Regardless
Crypto advocates and community bankers are pressing senators in their home states before a September 15 procedural vote, while Coinbase's Armstrong says crypto regulation moves forward either way.
22-Year-Old Malone Lam Pleads Guilty in $245 Million Crypto Racketeering Case
Malone Lam, a 22-year-old Singaporean, pleaded guilty to leading a social-engineering and home-invasion scheme that stole $245 million in cryptocurrency, according to The Block, Cointelegraph and CoinDesk.
Hunter Biden's LAPTOP Memecoin Draws Trader Backlash Ahead of September Launch on Base
Hunter Biden's LAPTOP memecoin is facing trader backlash before its September launch on Base, which will reward TRUMP token losers and tie tokens to real-world events.
Polish Prosecutors Charge Fifth Suspect in Zondacrypto Fraud Probe Tied to $100M in Losses
Polish prosecutors have charged a fifth suspect, Roman Ż., in the Zondacrypto exchange probe, which involves an estimated $100 million in losses across 1.3 million clients.
SoFi and Kraken Parent Payward Link Banking and Crypto Infrastructure in New Deal
SoFi and Kraken's parent Payward are linking their banking and crypto systems, with Kraken listing SoFi's stablecoin and tapping SoFi's dollar settlement network.
CFTC Asks Judge to Dismiss CME's Lawsuit Over Crypto Perpetual Futures as Kalshi Eyes Oil Contract
The CFTC has asked a judge to dismiss CME Group's lawsuit over crypto perpetual futures, arguing CME can already list such contracts itself.
New Jersey Petitions Supreme Court on Prediction Markets as Michigan Court Orders Kalshi to Keep Blocking Sports Contracts
New Jersey has asked the US Supreme Court to settle who regulates sports-event prediction markets, while a Michigan court ordered Kalshi to keep blocking such contracts or face daily fines.
Japan's Remixpoint Sells ETH, SOL, XRP and DOGE to Go All-In on Bitcoin
Japan-listed Remixpoint has sold its entire ETH, SOL, XRP and DOGE stash, leaving roughly 1,506 BTC as its sole crypto holding.
Lawsuit alleges Tether froze $42.4 million USDT months before U.S. warrant
Two Thai businessmen claim Tether blocked their stablecoins without legal process.
SEC Proposes First Major Update to Transfer Agent Rules Since the 1980s, Citing Tokenization
The SEC has proposed updating decades-old transfer agent rules to account for blockchain recordkeeping, tokenized securities, and automated market infrastructure.
Robinhood Chain DEX Volume Hits $1.6 Billion as Hyperliquid Strategies Expands Equity Facility to $2.5 Billion
Robinhood Chain's DEX volume surged to $1.6 billion while its Pons launchpad outearned pump.fun, and Hyperliquid Strategies expanded its equity facility to $2.5 billion.
UK National Crime Agency freezes $13.5 million Premier League payment in Sorare gambling probe
UK authorities seized $13.5M from the Premier League's Sorare sponsorship deal as part of a gambling investigation.
Strategy, Strive and Bitmine Resume Crypto Treasury Buying With $370M, $143M and $131M Purchases
Strategy, Strive and Bitmine all disclosed fresh Bitcoin and Ether purchases, ending pauses and pushing their combined treasury holdings higher across two networks.