News linked to this event type.
Odaily News: The Fogo mainnet has restarted and is operating normally. A total of 400 million FOGO tokens were stolen in this incident, of which 237 million have been recovered and permanently removed from the total supply. The team stated that they are cooperating with exchanges and law enforcement to continue recovering the remaining affected assets, and the investigation is still ongoing.
Odaily News: Andy Ross, head of institutional business at Kalshi, said that Kalshi has submitted an application to regulators to launch perpetual contracts based on foreign exchange and interest rates. The application was submitted on Monday and had not appeared in the U.S. Commodity Futures Trading Commission (CFTC) public filing system as of Tuesday afternoon. Previously, the CFTC approved Kalshi to list bitcoin perpetual contracts in May this year, followed by the launch of ETH and XRP perpetual contracts. Since then, Kalshi has continued to expand perpetual contracts beyond cryptocurrencies: it submitted applications for gold, silver, and platinum perpetual contracts in July, and on August 18, it submitted applications for U.S. large-cap stock index and copper perpetual contracts. Ross said Kalshi hopes to bring multiple asset classes such as stocks, commodities, cryptocurrencies, fixed income, and interest rates into a unified trading interface. Currently, the platform's market count has increased from approximately 4,000 to around 10,000, and activity has gradually spread from a few popular markets to a wider range of markets.
Odaily News: ETF Store President Nate Geraci stated that the U.S. SEC has once again signaled it will not wait for the Clarity Act to pass before advancing rulemaking for the crypto industry, effectively pushing Congress to accelerate its actions.Geraci cited related views, noting that as technology evolves and the competitive market environment continues to change, sound governance requires a re-examination of existing rules and regulatory frameworks.
Japanese Finance Minister Katayama Satsuki stated that he has concluded high-level talks with the U.S. Federal Reserve Chair. Both sides exchanged views on macroeconomic policy coordination and financial market stability.
The U.S. House of Representatives has passed a temporary federal government appropriations bill aimed at preventing a government shutdown on October 1. The bill has now been submitted to U.S. President Trump for signature.
The U.S. SEC has proposed updating decades-old transfer agent rules to regulate on-chain recordkeeping and tokenized securities activities. The new rules will introduce cybersecurity, operational resilience, and third-party service provider compliance standards, with an expected public comment period of 60 days.
Prediction market platform Kalshi has implemented new rules prohibiting elected officials and candidates from trading in markets directly related to their own office or campaign, in response to regulatory compliance requirements and to curb insider trading allegations.
Goldman Sachs, Bank of America, JPMorgan Chase, and 18 other institutions have announced the formation of a new company, planning to issue a regulated US dollar stablecoin in the first half of 2027, followed by an expansion to other G7 currencies such as the euro.
Citing Bloomberg ETF analyst Eric Balchunas, The Wolf of All Streets (@scottmelker) notes that approximately 2%-3% of the inflows into BlackRock's iShares Bitcoin Trust ETF (IBIT) have come from users who previously self-custodied Bitcoin, with Balchunas believing this proportion still has room to grow. He also points out that for Bitcoin users seeking censorship resistance, ETFs cannot replace on-chain self-custody; however, for those merely looking to hedge against currency debasement, ETFs represent a highly attractive store of value. Additionally, other analysis indicates that Morgan Stanley's Bitcoin ETF has seen zero outflows since its launch five months ago, which is viewed as a reflection of the current market's strong confidence in Bitcoin as an asset class.
Odaily News: 21 international financial institutions have announced plans to establish a new company in the second half of 2026 to facilitate the issuance of stablecoins, with the specific name to be announced separately. The company will initially focus on US dollar-denominated stablecoins, with future plans to expand to additional G7 currencies, prioritizing the euro stablecoin. Participating institutions include Bank of America, Citi, Morgan Stanley, Goldman Sachs, Deutsche Bank, UBS, Wells Fargo, BBVA, Santander, MUFG Bank, and others. The stablecoin initiative targets wholesale, institutional, and retail markets, with applications in cross-border payments, digital asset settlement, and other scenarios. The group stated that the stablecoin solution will combine bank-grade compliance, governance, and institutional risk management capabilities, and plans to comply with relevant regulatory requirements such as the US GENIUS Act and the EU's MiCA, with the goal of launching stablecoin products in the first half of 2027.
: This funding round was led by Gumi Cryptos Capital, with participation from institutions including Maven 11, Metalayer, Joint Effects, and Tribe Capital. Alkemya Metacore primarily holds approximately 7 million meters of ultra-high-purity nickel wire with a purity of 99.99% and a diameter of 0.025 mm. This asset has been independently verified with an estimated value of approximately $1.64 billion and is currently held in institutional custody in Lugano, Switzerland. The company plans to process the nickel wire into engineered mesh products for applications such as electromagnetic shielding, aerospace and defense, marine and desalination, power and industrial, semiconductors, green hydrogen, and precious metal recovery. It also aims to raise additional funds by issuing tokenized equity in the form of ALKN tokens. ALKN is issued by Alkemya Metacore SCSp in Luxembourg and is planned to be traded on regulated platforms such as Bitfinex Securities. The new issuance price is set at $1 per token, targeting institutional and professional investors, with the offering deadline set for October 15. Under the revenue distribution mechanism, investor capital will receive priority full repayment, along with a preferred return of 6% compounded annually. Profits from commercial operations will be split between token holders and partners on an 80:20 basis.
Odaily News: Stablecoin payment company Kast has launched the KAST Business platform, integrating corporate accounts, payment cards, cross-border transfers, and stablecoin yield-bearing balances. The platform provides services through stablecoin infrastructure.Kast stated that businesses can receive funds through fiat virtual accounts provided by regulated partners, deposit supported stablecoins and crypto assets, issue virtual cards, and make local payments in more than 20 currencies. The platform's services cover over 170 countries and regions, though specific availability varies by jurisdiction. Idle balances earn up to 8% annualized yield, with up to 3% cashback on spending also available.Kast is a fintech company rather than a bank, and regulated services are provided by licensed partner institutions. In March, Kast completed an $80 million fundraise at a $600 million valuation, which will be used for product development, license acquisition, and expanding into North America, Latin America, and the Middle East. The company claims to have over 1 million users and plans to attract 1,000 to 5,000 active businesses by the end of 2026. (Cointelegraph)
According to The Block, Ethena Labs has officially launched the beta version of its self-custody payment app, Ethena Pay, built on Avalanche, which is now available in 48 countries including Brazil, Japan, Singapore, and Kenya. Users can receive funds via IBAN or cryptocurrency, hold balances in USDe, and benefit from fee-free instant global transfers. The app features three membership tiers: Standard (free), Pro (requires locking $2,000 worth of ENA or inviting 10 users), and VIP (requires locking $10,000 worth of ENA or inviting 50 users), offering respective annual yields of 5%, 6%, and 6%, with balance caps of $5,000, $15,000, and $50,000. The Ethena Pay card provides a 4%–5% base cashback (settled in AVAX), while Pro and VIP users enjoy up to 10% exclusive cashback at brands such as Uber, Spotify, and Claude. The backend infrastructure is powered by Iron, a subsidiary of MoonPay. Markets including the United States and the European Union were not part of the initial launch and will be progressively rolled out once regulatory compliance is achieved.
Odaily News – The Gwangju Metropolitan Police Agency in South Korea arrested 4 Uzbek nationals in April under the Prohibition of Funding for Terrorist Acts Act. Among them, the principal suspect has been indicted, detained, and is standing trial, while the other 3 are under investigation without detention; one individual has been placed on an Interpol Red Notice.Police allege that between August 2024 and April 2025, the principal suspect transferred 4,267 USDT in 7 separate transactions to Katibat Tawhid wal Jihad (KTJ), a Syria-based organization. Founded in 2014, KTJ is primarily composed of Central Asian militants and has been designated as a terrorist organization by both the United Nations and the United States.The investigation shows that the principal suspect also received cryptocurrency from KTJ and used it to purchase 11 used cars and 2 excavators, with a total value of 170 million KRW (approximately $121,000), and shipped the vehicles to Syria. The other 3 individuals are suspected of assisting with the procurement and export.Police stated that this case, which involves receiving cryptocurrency from a terrorist organization, purchasing and supplying vehicles, is the first of its kind in South Korea. The investigation also revealed that the principal suspect used 3 personal wallets and deposited vehicle payments into an account under his spouse's name. The case remains under investigation. (Decrypt)
According to Cointelegraph, Bitfinex Securities has announced the launch of five tokenized notes tracking the equity performance of Strategy, Metaplanet, Swedish H100 Group, French Capital B, as well as Strategy's variable-rate perpetual preferred shares, STRC. The notes are issued through the Luxembourg-based ORO II fund, backed by underlying securities held in custody by regulated financial institutions, but do not grant investors direct ownership of the corresponding company shares. The products support trading priced in USD, USDT, and BTC, with a minimum investment of approximately $1, and are exclusively available to qualified non-U.S. investors. Bitfinex Securities stated that this marks the first time such products have been traded on the secondary market within a regulated tokenized securities exchange, with the total value of listed assets on the platform now exceeding $500 million.
Odaily News, according to reports, U.S. Treasury Secretary Bessent recently urged Japan to raise interest rates to curb the continued depreciation of the yen. Analysts believe this highlights that traditional monetary policy is susceptible to government and external influences. In contrast, Bitcoin's monetary policy is preset by code, with new coin issuance following a fixed schedule and halving approximately every four years, offering greater predictability. In the short term, Bitcoin still finds it difficult to shake off shocks from traditional financial markets. If Japan's rate hike drives a rapid appreciation of the yen, low-interest yen financing trades accumulated over the long term could be unwound, potentially triggering sell-offs in stocks, bonds, and crypto assets. In August 2024, the Bank of Japan's rate hike strengthened the yen and put pressure on risk assets, including Bitcoin. On the technical front, BTC's 50-day moving average has been rising steadily and is close to crossing above the 200-day moving average, potentially forming a "golden cross." Analysts note that moving averages are lagging indicators, and the historical predictive performance of the golden cross as a standalone indicator has been unstable.
Odaily News - Bitfinex Securities, the tokenized investment platform under crypto exchange Bitfinex, has listed 5 tokenized notes, providing eligible investors with economic exposure to bitcoin treasury companies such as Strategy, Metaplanet, H100 Group, and Capital B. The platform has also listed Strategy's floating-rate perpetual preferred stock, STRC.The aforementioned notes are issued through the Luxembourg-based ORO (II) fund and managed by SICOS Securities. The underlying securities are held in custody by regulated financial institutions but do not grant investors direct ownership of shares in the corresponding companies. The products allow fractional investments starting from approximately $1 and support trading in USD, USDT, and Bitcoin, and are only available to eligible non-US investors.Bitfinex Securities stated that this marks the first time such products are available for secondary trading on a regulated tokenized securities exchange. Following the completion of a $50 million tokenized fundraising round for metals company Alkemya in August this year, the platform's total listed assets have surpassed $500 million. (Cointelegraph)
According to Decrypt, the UK National Crime Agency (NCA) froze approximately $13.6 million (around £10.02 million) in Barclays' account for the Premier League under the Proceeds of Crime Act. This amount represents the initial sponsorship payment made by crypto fantasy football card game Sorare to the Premier League, stemming from a four-year sponsorship agreement worth roughly $163 million (£120 million) signed by both parties in January 2023. The NCA stated that the freeze was implemented to prevent the transfer of funds while investigating its link to "potential third-party criminal activity," with the Premier League itself facing no allegations of misconduct. Concurrently, Sorare is confronting a separate prosecution from the UK Gambling Commission, which alleges it provided gambling services without a valid operating license. The trial has been postponed until June 2027. Sorare denies that its product falls under gambling regulations, firmly asserting that gameplay is centered on skill rather than chance.
Odaily News The UK's National Crime Agency (NCA) has frozen over $13.6 million in funds held in Barclays bank accounts belonging to The Football Association Premier League Limited, the operating entity of the Premier League. The agency obtained a court order from Westminster Magistrates' Court in January 2025, freezing the funds under the Proceeds of Crime Act.The funds represent the first installment of a four-year sponsorship agreement with Sorare, announced in January 2023, which allowed Sorare to issue digital player cards for the 20 Premier League clubs. Sorare's partnership with the Premier League has concluded as of the 2025-26 season.Sorare also faces prosecution by the UK Gambling Commission, accused of offering gambling facilities without an operating license. The company has entered three not-guilty pleas, with the trial scheduled for June 2027. Sorare maintains that its game rewards skill rather than chance and denies that it constitutes a gambling product under UK law. (Decrypt)
Odaily News: Russia's Digital Assets Law took effect on September 1, 2026, legalizing regulated cryptocurrency trading nationwide. Retail investors purchasing cryptocurrencies through a single licensed intermediary are subject to an annual cap of 300,000 rubles, approximately $3,700.The Bank of Russia is responsible for regulating licensed cryptocurrency intermediaries. Exchanges, brokers, and custodians must register as licensed intermediaries and join the self-regulatory organization of the financial market before they can legally provide services to clients.The Bank of Russia will also determine which digital assets licensed intermediaries may offer. Professional investors are not subject to the 300,000-ruble annual cap, and the ban on using digital assets to pay for goods and services within Russia remains in effect.Starting September 1, enterprises engaged in foreign economic activities may use cryptocurrency to pay for goods, works, or services in international trade. The full licensing and compliance requirements are expected to be implemented by July 1, 2027. (Bitcoin.com News)