News linked to both this project and an event.
CoinEx founder Yang Haipo posted on X regarding the shutdown and orderly wind-down of CoinEx, stating that CoinEx's asset reserve ratio currently exceeds 100%, and all user assets are fully backed by sufficient reserves and can be withdrawn normally.Regarding the reasons for the shutdown, Yang Haipo stated that CoinEx had been operating for nine years but ultimately failed to become an industry-leading exchange, while the security and compliance risks of operating a crypto exchange have become increasingly difficult to control. "Revenue can decline, but responsibility will not diminish. Taking on unlimited risk for limited revenue is no longer a rational choice."Yang Haipo also revealed that he had seriously considered selling CoinEx but ultimately decided against it. He stated that users entrusted their assets to CoinEx based on trust in the platform and, in many cases, in him personally, and therefore believed that handing over the platform and that trust to a new owner was not the right way to end this journey. In addition, CoinEx will ensure that users can withdraw their full balances and will buy back CET at unlimited quantities at its initial listing price of 0.005 USDT/CET.
Odaily reports: A Fox Business crypto reporter posted on X that U.S. Senate Republicans have released an updated text of the CLARITY Act following negotiations during the August recess. The ethics section appears unchanged, and the BRCA and stablecoin yield sections also remain the same. The updates include: requiring non-decentralized DeFi protocols to register with the U.S. Commodity Futures Trading Commission; limiting DeFi provisions to spot or cash digital commodity transactions, seemingly aimed at addressing tribes' concerns about blockchain-based prediction markets; and clarifying the authority of credit unions to conduct cryptocurrency business.
Odaily News: Stablecoin issuer Circle has agreed to acquire Singapore-based payment infrastructure company Tazapay in an all-stock transaction valued at $400 million. The deal is expected to close in 2027 and remains subject to regulatory approvals, including approval from the Monetary Authority of Singapore.Tazapay has over 60 banking and fintech partners, providing local payout infrastructure across more than 100 markets, with annualized payment volume exceeding $25 billion, of which approximately 60% of transactions involve stablecoins.Tazapay has served as a design partner for the Circle Payments Network since 2025. Circle CEO Jeremy Allaire stated that combining USDC, Tazapay's banking network, and institutional client base can drive global adoption; Circle's Senior Vice President of Payment Business Irfan Ganchi noted that the acquisition will enhance its global payment send and receive capabilities. (Bitcoin.com News)
: Canary Capital has announced the launch of the Canary Staked TRX ETF, trading under the ticker TRXS. The product is designed to provide investors with exposure to TRX while earning staking rewards, offering a registered structure-based investment avenue for investors focused on payment and settlement infrastructure.Canary also cautioned that TRXS is not a direct investment in TRX, and that this exchange-traded product is not registered under the Investment Company Act of 1940. As such, it does not benefit from the same regulatory and investor protections afforded to registered ETFs and mutual funds under that act. The product carries higher risk and greater volatility, and investors may lose their entire principal.
Circle Internet Group announced that it has signed a definitive agreement to acquire Tazapay, a Singapore-based B2B cross-border payment infrastructure company. The transaction is expected to close in 2027, subject to customary closing conditions and regulatory approvals, including approval from the Monetary Authority of Singapore.
Odaily News - The Ave × BNB Chain × Four.meme bStocks trading competition has now introduced a rules update, adding Four.Meme 4Stock mode to the event's eligible scope.4Stock is an innovative Meme trading mode created by Four.meme based on stock narratives, combining traditional market hotspots with the on-chain Meme ecosystem to deliver a brand-new trading experience for users.Starting September 8, trading volume generated from participating in and trading Four.Meme 4Stock-related assets will be counted toward the event's valid trading volume. Users who meet the rules can compete on the leaderboard for a share of the total 150,000 USDT trading competition prize pool, which includes a 50,000 USDT Four.meme exclusive prize pool.In addition, individual participants in the competition can win up to 20,000 USDT in rewards.
Odaily News: The Bangko Sentral ng Pilipinas (BSP), the Philippines' central bank, is proposing a 12-month suspension on accepting and processing new registration applications from Payment System Operators (OPS) to conduct a comprehensive review of relevant classifications and licensing frameworks.Applications submitted prior to the suspension will continue to be evaluated but will not be approved or denied until the suspension period ends. Unless otherwise authorized by regulators, entities must not engage in business activities that require OPS registration.Merchant acquirers regulated by the BSP that serve regulated Virtual Asset Service Providers (VASPs) must collaborate through direct merchant arrangements and implement risk-based controls such as enhanced due diligence, ongoing monitoring, and transaction and settlement limits. Relevant VASPs must be licensed, registered, or authorized by the BSP, the Philippine Securities and Exchange Commission, or other agencies.If approved, the draft will take effect 15 days after publication. The BSP is currently soliciting feedback. (Cointelegraph)
Odaily News According to Odaily, Prediction market platform Kalshi has not yet filed its response with the U.S. Supreme Court, with a 30-day deadline for its response to New Jersey's September 2 filing. New Jersey is asking the court to determine whether states can regulate sports betting offered on exchanges registered with the Commodity Futures Trading Commission (CFTC), as the Third Circuit Court of Appeals and the Ninth Circuit Court of Appeals are split on the issue.Kalshi CEO Tarek Mansour stated that the CFTC will issue new rules within the coming weeks or months to further clarify Rule 40.11. Kalshi's litigation lead Jovy Dedaj and spokesperson Dani Lever also noted that the Ninth Circuit's ruling was primarily based on regulatory provisions currently being rewritten.In June, the CFTC proposed replacing its blanket prohibition on betting contracts with case-by-case public interest reviews, under which sporting events would be classified as gambling, though most game outcomes and special wager contracts could still be permitted. After Kalshi submits its response, New Jersey will have 10 days to reply, and the Supreme Court typically schedules a conference to consider the case about a month thereafter. (Bitcoin.com News)
Odaily News: The G20 Finance Ministers and Central Bank Governors convened from August 31 to September 1 in Asheville, United States, and voiced support for establishing clearer regulatory pathways for digital asset growth, placing digital assets on the agenda for the U.S. presidency term of 2026.The G20 stated that digital financial innovation can support broad-based economic growth, with the private sector playing a key role in driving related innovation. The meeting also highlighted global stablecoins, cross-border payments, and extended operating hours for large-value payment systems as key topics, while endorsing the adoption of the ISO 20022 data standard.The G20 called on the Financial Action Task Force (FATF) to prioritize jurisdictions with significant virtual asset activity, strengthening the enforcement of anti-money laundering (AML) standards. As of July, among the 149 jurisdictions assessed by the FATF, only 1 fully complied with the relevant standards, 34% were largely compliant, 43% were partially compliant, and 22% were non-compliant. (Bitcoin.com News)
Odaily News: The U.S. Federal Bureau of Investigation (FBI) has seized approximately $560,000 in cryptocurrency and taken control of the domain and servers of a fundraising website linked to Hamas. The U.S. Department of Justice stated that these funds were allegedly intended for use by Hamas's military wing, Al Qassam Brigades.Investigators tracked and confiscated the relevant crypto assets based on three seizure warrants issued on March 25, June 25, and October 10, 2025. Court documents show that the assets involved include Bitcoin, Ethereum, Wrapped Ethereum, Tether (USDT), and TRON (TRX), distributed across 18 addresses controlled by Tether and 3 Binance accounts.According to court documents, encrypted chat groups had directed supporters to visit AlQassam.ps and solicited donations via rotating wallet addresses. After the FBI took over the relevant domain and servers, it obtained information on thousands of individuals who had contacted Hamas to inquire about making donations. (Decrypt)
Odaily News Crypto enterprises, asset managers, market makers, and consumer advocacy groups have submitted comments to the U.S. Securities and Exchange Commission (SEC) in response to its request for input on the regulatory framework for "novel ETFs," covering exchange-traded products such as crypto assets, private assets, event contracts, and leveraged strategies.Crypto industry organization Crypto Council for Innovation (CCI) recommended extending certain regulatory accommodations applicable to ETFs to non-ETF exchange-traded products. Venture capital firm Andreessen Horowitz (A16z) stated that the SEC should assess products based on their underlying assets and risk profiles, rather than treating all novel ETFs as a single category.Grayscale opposed adding new portfolio restrictions for mature digital asset products, while Chainalysis suggested leveraging public blockchains to enable real-time monitoring and verifiable disclosures. Kalshi expressed support for including event contracts in registered funds, whereas consumer advocacy group Public Citizen opposed offering event contract ETFs to retail investors. The SEC will evaluate whether to adopt a unified regulatory framework or craft separate rules based on product structure and risk. (Decrypt)
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 – 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 - 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)
Odaily News: The U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) are advancing cryptocurrency regulatory rulemaking, having solicited public comments on the definitions of swaps, security-based swaps, and emerging products, as well as on the boundaries of regulatory jurisdiction.Former CFTC Chairman Chris Giancarlo, former CFTC commissioners Brian Quintenz and Sharon Brown-Hruska, and former SEC commissioner Steven Wallman, among others, stated in a joint letter supported by Kalshi that similar risks should be subject to similar regulation, avoiding overlapping rules that increase compliance costs.Kalshi estimates that offshore perpetual contract trading volume will exceed $9 trillion in 2025, up from approximately $2.8 trillion two years ago. Chris Giancarlo said that if U.S. regulation is calibrated to actual risk rather than maximum burden, related liquidity could flow back to the United States.Last week, the SEC submitted proposed revisions to custody rules for investment advisers and investment companies to the White House Office of Information and Regulatory Affairs (OIRA) for review, aiming to clarify requirements for regulated investment institutions providing digital asset custody services. The SEC's "Reg Crypto" proposal has been published in the Federal Register, with public comments open until October 20. (Decrypt)
Odaily News The U.S. Commodity Futures Trading Commission (CFTC) stated that former White House teleprompter operator Gabriel Perez has agreed to pay $172,000 to settle charges related to misusing advance information from presidential speeches to trade "presidential mention market" contracts. Such contracts settle based on whether specific words or phrases appear in presidential speeches.Perez profited over $107,500 between December 2025 and February 2026. The settlement includes disgorgement of $107,500 in profits, payment of a $65,000 civil monetary penalty, acceptance of a 3-year trading ban, and cessation of violations of the Commodity Exchange Act.The CFTC stated that Perez's penalty was significantly reduced under its new cooperation policy due to his cooperation with the investigation, and acknowledged the assistance provided by trading platform Kalshi. The CFTC noted that event contracts fall within its regulatory scope and that insider trading rules apply to相關 swap contracts. (Decrypt)
Odaily News – After South Korea raised capital thresholds and added trading restrictions, the leveraged trading capital previously concentrated in Samsung Electronics and SK Hynix has contracted notably. However, some market participants worry that the restricted leveraged capital may shift toward index-based or overseas leveraged ETFs, and the effectiveness of the regulatory measures still requires further observation.Looking at specific targets, eight products linked to SK Hynix saw net selling of approximately 1.2415 trillion KRW, while eight products tied to Samsung Electronics recorded net selling of around 531.6 billion KRW.The cooling in trading activity is equally pronounced. The aforementioned 16 products posted an average daily trading volume of roughly 11.6787 trillion KRW from their listing in May through July 30. Since August, this has dropped to about 1.0059 trillion KRW, a decline of more than 90%, now equivalent to only about 8% of the level seen before the regulatory measures were implemented.The regulatory tightening began on July 31. South Korea's financial regulators raised the base margin threshold for single-stock leveraged ETFs from 10 million KRW to 30 million KRW; starting August 19, investors are also required to complete simulated trading before transacting in related products. Regulators plan to further increase the minimum trading unit, targeting an adjustment to 20 shares by November. Before the regulations were introduced, single-stock leveraged ETFs had enjoyed strong popularity among South Korean retail investors. Between May 27 and July 30, individual investors cumulatively net purchased approximately 15.2876 trillion KRW across the aforementioned 16 products, with SK Hynix-related products attracting about 9.9365 trillion KRW and Samsung Electronics-related products drawing around 5.3511 trillion KRW. (Newsis)
Odaily News: Deribit will remove its public "Proof of Reserves" page on September 1, and users will no longer be able to verify the platform's customer assets and liabilities on a daily basis through that page.It is reported that this adjustment comes after Deribit completed its integration with Coinbase, with approximately 90% of customer assets now under Coinbase's custody arrangements. This change means Deribit is shifting from daily public transparency verification to an asset verification model primarily based on third-party custody and regulatory audits. Deribit stated that regulatory audits will continue, but no new public proof-of-reserves dashboard has been announced as a replacement. (Coin Bureau)
A federal court ruled against prediction platform Kalshi, determining that states have the authority to regulate related derivatives based on anti-gambling regulations, providing a legal basis for state governments to restrict such businesses.