Bitcoin hits eight-month high above $85K as ETF inflows surge
Summary: Bitcoin surged past $85,000 to an eight-month high, driven by significant US spot ETF inflows and regulatory policy moves despite broader market volatility.
Compliance
North Korean WaterPlum group steals $10.7M via fake crypto recruiter malware
Summary: A joint advisory reveals that the North Korean hacking group WaterPlum infected 30,000 devices and stole $10.7 million by impersonating recruiters for legitimate AI and cryptocurrency firms.
Visa Closes Meme Coin Credit Card Rewards Loophole
Summary: Visa is closing a loophole allowing meme coin purchases to earn credit card rewards by misclassifying them as digital media, following a challenge from Chase.
Coinbase Policy Chief Shirzad Details Clarity Act Failure and SEC Pivot
Summary: Coinbase Chief Policy Officer Faryar Shirzad attributes the failed cloture vote on the Clarity Act to a $200 million bank campaign and timing issues, signaling a regulatory shift toward agency action.
Strategy CEO Le Targets 'JPMorgan of Bitcoin' Role
Summary: Strategy CEO Phong Le stated the company aims to become the "JPMorgan of Bitcoin" by providing liquidity and market-making for a digital asset economy.
Anthropic appoints Accenture as first embedded AI evaluator
Summary: Anthropic selected Accenture as its initial embedded evaluator to implement CEO Dario Amodei’s proposal for slowing AI development through independent oversight.
Grayscale Splits Zcash ETF Shares to Lower Price
Summary: Grayscale will execute a 3-for-1 forward share split for its Zcash ETF, aiming to lower the per-share price and improve accessibility for retail investors.
Bastion Secures Conditional OCC Approval for US Trust Bank Charter
Summary: Stablecoin infrastructure provider Bastion received preliminary conditional approval from the Office of the Comptroller of the Currency for a national trust bank charter.
SBI Group joins dtcpay's $25M Series A to expand stablecoin payments
Summary: Japanese financial conglomerate SBI Group has joined Singapore-based payment company dtcpay as a strategic investor, completing the firm's $25 million Series A funding round.
Coinbase Seeks CFTC Approval for Single-Stock Perps on Apple, Tesla
Summary: Coinbase Derivatives filed with the CFTC to list perpetual futures tracking individual equities like Apple and Nvidia, aiming for a launch later this year.
Coinbase Files With CFTC for US Single-Stock Perpetual Futures
Summary: Coinbase Derivatives filed with the Commodity Futures Trading Commission to list single-stock perpetual futures, aiming to provide US traders 24/5 exposure to equities without owning shares.
CFTC Submits Crypto Market Regulation Plan for White House Review
Summary: The CFTC filed a prerule-stage regulatory action on Sept. 17, signaling agency-led oversight following the Senate's failure to advance the CLARITY Act.
Bitcoin Surges Past $81,000 Despite Clarity Act Block and Fed Rate Hike
Summary: Bitcoin rose nearly 6% to exceed $81,000 on Friday, defying the recent procedural block of the Clarity Act and a Federal Reserve interest rate hike.
CFTC Submits Crypto Rulemaking to White House After Senate Bill Fails
Summary: The CFTC submitted a pre-rule on crypto asset transactions and markets to the White House's OIRA for review, signaling intent to regulate derivatives without waiting for Congress.
Fed Issues Consent Prohibition Orders Against Three Former Bank Employees
Summary: The Federal Reserve Board executed consent prohibition orders against former employees of Northstar Bank, American Express Travel Related Services Company, Inc., and Regions Bank.
EU MiCA bank crypto providers double to 80, reaching 23% share
Summary: Traditional banks now account for nearly one-quarter of EU MiCA crypto providers after doubling their presence to about 80 firms since late June.
SEC Approves Innovation Exemption for Tokenized Stocks
Summary: The SEC approved an innovation exemption allowing qualifying venues to trade tokenized US stocks on public blockchains without registering as national exchanges.
Microsoft Memo Cited in NYT Suit Warned of AI 'Theft'
Summary: Unsealed court documents from the New York Times lawsuit reveal a 2023 Microsoft memo warning that AI training on news content constituted unprecedented theft.
Dtcpay Secures $25M Series A with SBI Group Backing
Summary: Singapore-based stablecoin payments firm Dtcpay completed a $25 million Series A round, backed by Japanese conglomerate SBI Group to expand its merchant network and digital asset corridor.
Binance Reaffirms EU Commitment After MiCA License Speculation
Summary: Binance declined to comment on reports of European Central Bank intervention in its failed Greek crypto license bid, reaffirming its commitment to operating under the EU’s Markets in Crypto-Assets Regulation.