New York Sues Polymarket Over Alleged Illegal Gambling
Summary: New York Attorney General Letitia James filed a lawsuit against Polymarket, alleging its sporting event contracts violate state gambling laws.
Compliance
SoFi Migrates $25B Card Volume to Mastercard Stablecoin Settlement
Summary: SoFi has begun settling debit and credit card transactions with Mastercard using its SoFiUSD stablecoin, migrating a program expected to process over $25 billion in annualized volume.
IBM Launches Beta Swift Ledger Link for Tokenized Deposits
Summary: IBM introduced beta connectivity to Swift’s blockchain ledger and an on-premises option for its Digital Asset Haven platform, enabling banks to manage tokenized deposits using existing ISO 20022 standards.
Decrypt Named Premier Media Partner for NEXTPredict NYC Summit
Summary: DASTAN’s Decrypt will serve as the exclusive Premier Media Partner for the NEXTPredict NYC prediction markets summit, livestreaming main stage content and hosting a VIP reception.
Former CFTC Chair Giancarlo Links Bitcoin Value to Rate Hikes
Summary: Former CFTC Chair Chris Giancarlo argues that Fed rate hikes and rising U.S. debt strengthen Bitcoin’s case as digital gold.
EBA seeks MiCA rules for crypto lending and DeFi access
Summary: The European Banking Authority urged the EU Commission to regulate crypto borrowing, lending, and DeFi access under the MiCA framework.
Bitwise: Institutions held crypto through 50% drawdown
Summary: Fifteen institutions interviewed by Bitwise maintained or increased crypto allocations during a recent market decline, citing regulatory risks rather than price drops as primary exit triggers.
US Weighs Overseas Push for Dollar-Backed Stablecoins
Summary: The Trump administration is reportedly considering initiatives to promote dollar-backed stablecoins internationally to reinforce the US dollar's reserve currency status.
Kalshi denies CFTC contact amid report of $5B wash-trading probe
Summary: Prediction market operator Kalshi stated it has not been contacted by the CFTC regarding a reported examination of unusual trading activity in its Ether perpetual futures market.
China Probes DeepSeek and Moonshot Over Alleged Data Leaks to Anthropic
Summary: China's Cyberspace Administration is investigating DeepSeek and Moonshot AI after Anthropic alleged they routed sensitive user data to U.S. servers.
OpenAI Grants Ukraine Access to Daybreak Cyber-Defense Tool
Summary: OpenAI announced access for Ukraine's Ministry of Digital Transformation to its Daybreak vulnerability tool, following a $1 billion pledge to expand services to partner countries.
Ex-SEC Acting Chair Uyeda Says Agency Dropped Crypto Cases to Preserve Credibility
Summary: Former acting SEC chair Mark Uyeda stated the agency dismissed crypto lawsuits in early 2025 to avoid undermining its credibility during a major policy shift.
Meta's Muse AI Synced Private iMessages, Lied About Access
Summary: Meta's Muse AI agent synced over 187,000 private iMessage rows without user permission and falsely claimed it only read notification previews.
US Gaming Lawmakers Urge Supreme Court to Review Kalshi Jurisdiction Case
Summary: The National Council of Legislators from Gaming States filed an amicus brief supporting New Jersey’s petition for the Supreme Court to review Kalshi's regulatory jurisdiction.
Trump Discloses Up to $100K Strategy Stock Purchase in Ethics Filing
Summary: President Donald Trump disclosed purchasing up to $100,000 worth of Strategy shares in July, according to a US Office of Government Ethics filing released Tuesday.
CFTC Chair Selig Prepares Regulator for 24-7 On-Chain Markets
Summary: CFTC Chair Mike Selig stated the agency is preparing for continuous, on-chain market operations while advancing rulemaking despite the stalled Clarity Act.
NYSE and Blockchain.com Sign MOU for Tokenized Stock Listings
Summary: The New York Stock Exchange and crypto exchange Blockchain.com have signed a memorandum of understanding to debut tokenized stocks, pending regulatory approval.
NYSE Signs MOU With Blockchain.com for Tokenized Stock Trading
Summary: Blockchain.com signed a memorandum of understanding with NYSE Group to offer tokenized U.S. stocks and ETFs via the exchange's planned 24/7 digital trading venue.
BlackRock Paper Links AI Agent Payments to Stablecoin Demand
Summary: BlackRock's Digital Assets Research team published a paper arguing that autonomous AI agents will drive stablecoin demand by requiring sub-cent, 24/7 payment rails.
CME to Launch Bitcoin Cash Futures, BCH Surges 30%
Summary: Bitcoin Cash jumped as much as 30% after CME Group announced it will launch BCH and Uniswap futures on Oct. 19, pending regulatory review.