
CoinEx to cease operations after nine years amid market contraction
Crypto exchange CoinEx announced it will wind down operations by December, citing prolonged market downturns and rising compliance costs.
The latest in digital assets, markets and regulation.

Crypto exchange CoinEx announced it will wind down operations by December, citing prolonged market downturns and rising compliance costs.

Balancer Labs CEO Marcus Hardt proposed an orderly wind-down of the decentralized exchange, citing insufficient revenue following a $128 million exploit and failed post-restructuring growth.

Senate Democrats are preparing a counterproposal to the Republicans' revised CLARITY Act, citing dissatisfaction with crypto ethics language ahead of a key procedural vote.

OpenAI CEO Sam Altman warned that rapid AI progress risks losing human control or concentrating power, urging companies to adopt slower development and safety cases.

Kraken introduced onchain yield vaults for tokenized stocks like SPYx, QQQx, and NVDAx, enabling clients to earn returns by lending assets through decentralized finance protocols.

Non-custodial processor Swiss Bitcoin Pay temporarily shut down servers after a breach exposed customer emails, bitcoin addresses, IBANs, and transaction histories.

Bank of America CEO Brian Moynihan projected a decline of more than 10% in third-quarter investment banking fees, causing shares to slide 5%.

Microsoft AI published a draft Code of Conduct on September 14, establishing absolute constraints for its models and opening a six-week public comment period.

Senator Cynthia Lummis credits President Trump with accepting strict ethics reforms, including state attorney general enforcement powers, to secure passage of the Clarity Act.

Bernstein analysts state that crypto markets have not priced in a positive surprise regarding the Clarity Act, citing recent Republican concessions on ethics and banking issues.

Major chipmakers fell sharply after industry leaders endorsed slowing AI development, while Bitcoin climbed to $78,280 amid regulatory optimism.

Strive acquired 469 Bitcoin for approximately $36.6 million, bringing its total holdings to 25,000 BTC as the company’s market capitalization surpassed Metaplanet.