News linked to this event type.
Revolut confirmed it fell victim to external fraudsters who used spoofed government agency domains to bypass verification, resulting in the exposure of customer sensitive data including passports and transaction records. The company stated that its systems and funds remain secure, and it has notified affected users and regulators.
Odaily News: The Central Bank of Brazil's new regulations require virtual asset service providers to meet capital, audit, anti-money laundering, and continuous reporting compliance requirements, with capital requirements reaching up to 37.2 million reais, approximately $7.2 million. Of the current approximately 300 related institutions, only 20 to 25 may qualify to apply for authorization, and only 10 are expected to receive licenses.Some small platforms have already ended or restructured their retail operations, including Bitnuvem, NovaDAX, Digitra, and Coinext, but these platforms did not attribute the relevant decisions to the new rules. Institutions that fail to meet the requirements will also face ongoing compliance costs, and some operations may find it difficult to sustain.Relevant institutions must apply for authorization by October 30, and those that do not apply will cease operations within 30 days and notify customers. Isabel Longhi, Head of Public and Regulatory Policy for Latin America at Ripple, stated that market consolidation is expected to occur as Brazil's crypto market matures, but the new rules will limit innovation in the short term. (Bitcoin.com News)
Odaily News: In an operation targeting the Telegram crypto escrow trading platform Xinbi Guarantee, the U.S. Department of Justice's Scam Center Strike Force restricted the handling of approximately $52 million in fraud-related cryptocurrency in a single day, bringing the cumulative total to approximately $938 million. Previously, the cumulative amount frozen, seized, or recovered had already exceeded $580 million.The U.S. Department of the Treasury stated that since its founding around 2022, Xinbi Guarantee has processed over $24 billion in transactions, involving digital assets and fiat currency, primarily serving Southeast Asian transactions. North Korean hackers and sanctioned entities are alleged to have used the platform, including entities under Jin Bei Group and Prince Group.A U.S. federal court approved the seizure on September 7 of the Telegram channel operated by Xinbi Guarantee. Law enforcement authorities also seized two payment wallets totaling approximately $12 million and applied to freeze another 47 cryptocurrency wallets suspected of being used for money laundering or associated with fraud-related service providers.The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) added Xinbi Guarantee and its two supporting companies, Safew Technology and Anwen Technology, to its sanctions list on September 9. The U.S. Department of Justice also dispatched investigators to Madagascar to assist local law enforcement in cracking down on 13 scam compounds operated by Chinese nationals and to process over 3,200 electronic devices. (Bitcoin.com News)
ESMA stated that the market for tokenized equities has grown from $350 million to $2.2 billion over the past 18 months; however, multiple tokenized versions of the same share could result in liquidity fragmentation. Meanwhile, certain products backed 1:1 by underlying shares still depend on off-chain ownership registries and traditional settlement channels, and have not yet fully realized on-chain atomic settlement.
Odaily News: Zach Pandl, Head of Research at digital asset management firm Grayscale, said in an analysis on September 10 that even if Congress fails to pass the CLARITY Act this year, U.S. crypto regulation can still advance in areas such as stablecoins, token issuance, tokenized securities, and perpetual futures.U.S. President Donald Trump signed the GENIUS Act on July 18, 2025, establishing a regulatory framework for the issuance of payment stablecoins. The law requires issuers to hold full reserves and publicly disclose the composition of reserves on a monthly basis, and prohibits misleading claims that tokens are federally insured, backed by the U.S. government, or legal tender.The U.S. Securities and Exchange Commission (SEC) has proposed Regulation Crypto Assets, which would allow qualifying projects to raise no more than $5 million over four years, or no more than $75 million in any 12-month period. The related exemptions and investment contract safe harbor remain in the proposal stage, with the public comment period closing on October 20.The near-term procedural milestone for the CLARITY Act is a cloture vote on the motion to proceed scheduled for September 15. This procedural vote requires 60 votes to pass and is not a final vote. Grayscale said the bill would still help clarify the division of regulatory authority between the SEC and the Commodity Futures Trading Commission (CFTC), but its failure to pass would not halt regulatory measures already underway. (Bitcoin.com News)
The CTO of BlueWallet audited iOS apps on the App Store labeled as non-custodial crypto wallets. Among the 494 apps analyzed, 45 were found to potentially pose critical or high-risk security vulnerabilities. Of these, 23 were flagged as potential critical risks, while 22 were classified as high risk.
Solana Mobile stated that its third-party marketing email service provider Brevo experienced a security incident, resulting in unauthorized access to its Brevo account. To date, no emails have been sent through the account, and the company is currently investigating the scope of information that may have been accessed.
Two crypto billionaires each donated £36 million to Reform UK within 24 hours, setting a historic record for the largest single donation to a UK political party. Despite the party recently facing multiple official investigations into substantial donations, the parties involved have explicitly denied any wrongdoing.
Bitcoin News posted on X that Patrick Witt, Executive Director of the U.S. President's Council of Advisors on Digital Assets, appears to be sending a positive signal ahead of the Senate's upcoming vote on the CLARITY Act, saying that "today is not a good day for CLARITY Act skeptics." However, Polymarket shows only a 20% chance the bill passes in 2026.
The central banks of the US, Japan, and the UK will announce their monetary policy decisions this week, with markets focusing on whether the Federal Reserve will initiate its first interest rate hike in three years. Iran and Gulf states are negotiating shipping management arrangements for the Strait of Hormuz to address soaring crude oil prices.
According to Reuters, Mexican police discovered a clandestine cryptocurrency mining operation in the mountainous regions of Puebla state, seizing 300 GPUs, 80 medium-voltage power terminals, and eight satellite dishes. Four similar operations have been uncovered in the area since early last year. Authorities are investigating whether the site illicitly siphoned electricity from a nearby hydroelectric plant. Security analysts noted that the technical expertise and funding required for the facility point to the involvement of well-capitalized criminal syndicates. A Chainalysis Latin America expert stated that regional drug trafficking organizations are increasingly utilizing cryptocurrency transfers and mining operations for money laundering. Data shows that globally, crypto addresses associated with criminal activity received approximately $154 billion in 2025, more than double the $59 billion recorded in the previous year.
The U.S. House Ways and Means Committee is scheduled to hold a markup on September 16 of a series of digital asset tax bills, moving crypto tax legislation toward a full House vote. The markup focuses on two core issues: when miners and stakers should be taxed on newly created tokens, and whether wash sale rules applicable to stocks should extend to digital assets.The two key bills are the "Mining and Staking Tax Clarity Act" H.R. 9175 and the "Applying Existing Tax Anti-Abuse Rules to Digital Assets Act" H.R. 9172. The former provides that miners and stakers need not pay tax immediately upon receiving new tokens, and can instead pay tax as ordinary income when the tokens are actually sold; the latter extends wash sale and constructive sale rules to actively traded digital assets, closing a tax loophole that crypto traders have exploited for years.
According to Forbes, Patrick Witt, Executive Director of the White House Digital Asset Advisory Committee, stated that the legislative window for the U.S. Crypto Market Structure Bill, the Clarity Act, is narrowing. If the procedural vote this week fails, there will be significant uncertainty regarding when the bill can advance again. The bill is currently scheduled for a procedural vote on September 15.
Revolut sparked security concerns after unlawfully disclosing users' Bitcoin transaction data due to falling for a forged government investigation letter.
Odaily News: The Office of the Superintendent of Financial Institutions (OSFI) is Canada's banking regulator. The agency stated on Thursday that tokenized deposits are not legally distinct from traditional deposits, noting that the underlying technology used by a financial product or service does not determine its legal nature.OSFI stated that financial institutions may conduct tokenized deposit business under existing financial regulatory laws without the need for additional regulations. Financial institutions and third parties conducting related activities on their behalf must ensure that their operations comply with applicable laws and regulations.OSFI requires financial institutions to communicate with their responsible OSFI supervisors in advance before launching new products or services, and recommends seeking legal advice prior to launch. The agency oversees nearly 350 financial institutions and 1,200 pension plans. (Bitcoin.com News)
Zumo founder and CEO Nick Jones stated that the UK Financial Conduct Authority (FCA) will open the crypto asset authorization application window on September 30, with the new regulatory framework expected to officially take effect in October 2027. As the regulatory path becomes clearer, traditional financial institutions such as Hargreaves Lansdown, the UK's largest retail investment platform, are beginning to enter the crypto market, and the UK crypto industry will gradually shift toward compliant operations.
Odaily News: The U.S. Commodity Futures Trading Commission (CFTC) has previously secretly approved 3 insider trading investigations into Polymarket trading, involving Biden pardon, Iran war, and Google-related event contracts. CFTC Chairman Michael Selig approved an investigation in May into contracts related to the Biden pardon, after a trader had profited over $300,000 from the related market; in the same month, the CFTC also approved an investigation into Iran war contracts, after a group of suspicious accounts was exposed for profiting $2.4 million with a win rate of approximately 98%. In July, the CFTC further launched an investigation into Google-related Polymarket contracts, focusing on individuals who may have used non-public information about Google's 2025 search rankings to trade. The U.S. Attorney's Office for the Southern District of New York is also conducting a parallel investigation, and Polymarket stated that it has referred the relevant matters to law enforcement and is cooperating with the investigation.
Odaily reports: A group of 19 interconnected Polymarket accounts concentrated bets over the past several months on the earnings of publicly traded companies audited by KPMG, covering 18 KPMG clients including Wells Fargo, Home Depot, DoorDash, and General Mills. The account cluster placed a total of 42 trades, of which 41 were profitable, for a win rate of 98% and cumulative profits of about $22,000. The related funds had flowed among the 19 accounts, suggesting they may have been controlled by the same person or team. U.S. law enforcement is investigating a KPMG employee suspected of using Polymarket for insider trading; the employee is being investigated for betting on whether listed companies' quarterly results would exceed market expectations. At present, it cannot yet be confirmed that the account cluster is connected to the employee, and the related analysis itself also cannot prove the existence of insider trading. KPMG said it has a zero-tolerance stance toward trading using non-public client information and has strengthened relevant monitoring.
Ran Neuner pointed out that regulation is the biggest challenge facing Hyperliquid currently, and advised the project to adopt an aggressive strategy to list directly on top-tier exchanges to build political leverage against regulatory risks.
the U.S. core CPI rose 0.3% month-over-month in August, exceeding expectations of 0.2%, further reinforcing expectations for a Fed rate hike next week. Analysts believe the market had already priced in ample time for a rate hike, and if the Fed raises rates as expected, the market reaction may be relatively limited. Instead, an unexpected decision to hold rates steady could trigger a larger rally in risk assets. Matt Mena, Senior Crypto Research Strategist at 21Shares, said historical data shows that in the 30 days following a core CPI reading above expectations, Bitcoin rose an average of 2.13%.Affected by the data, Bitcoin is currently trading at approximately $78,600, up 1.5% over the past 24 hours. Mark Connors, Chief Investment Officer at Risk Dimensions, said that rising U.S. Treasury yields across the board and the simultaneous strengthening of Bitcoin and gold indicate that the market is concerned not only about the Fed's rate path, but also about inflation, government debt, and the credibility of monetary policy. (Cointelegraph)