News linked to both this project and an event.
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)
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.
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)
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)
Odaily News: Bitcoin News posted on X platform that after the CFTC approved Kalshi's Bitcoin perpetual contracts as futures products, uncertainty remains over how traders should report gains to the IRS. If the product is recognized as a regulated futures contract under Section 1256 of the U.S. tax code, the related gains are typically treated as 60% long-term capital gains and 40% short-term capital gains, regardless of the holding period. CME believes that Kalshi's perpetual contracts are actually swaps, and swaps are explicitly outside the scope of Section 1256. The CFTC's classification supports the view that they are futures products, but it is not binding on the IRS. Until the IRS, U.S. Congress, or courts directly address Bitcoin perpetual contracts, their tax treatment remains undetermined.
Odaily News: The Albuquerque City Council in New Mexico, USA, has passed an ordinance prohibiting the use of cryptocurrency ATMs and counter-assisted virtual currency transactions within city limits. The city government will notify known operators and retailers hosting the devices, and the relevant equipment must be removed within 45 days.Albuquerque City Councilor Stephanie Telles stated that 90% of cryptocurrency ATM transactions in the city are related to scams, and noted that high fees discourage legitimate users from using such devices. Councilor Tammy Fiebelkorn pointed out that these transactions are instant, anonymous, and irreversible, characteristics that could be exploited by scam groups, organized crime, and human traffickers.The City Council stated that residents can still hold, mine, and transfer cryptocurrencies through online trading platforms and personal wallets. Indiana, Tennessee, and Minnesota have already banned such devices statewide; North America's former largest operator, Bitcoin Depot, filed for bankruptcy in May and took approximately 9,700 devices offline. (Decrypt)
According to Bitcoin.com, Mastercard officially launched the Wallet Pay payment solution on September 10, aiming to connect global digital wallets to its international payment network. The solution supports NFC contactless, QR code, online, and cross-border payments, covering over 200 countries and regions and 150 currencies. Global digital wallet users currently exceed 4.3 billion and are projected to surpass 6 billion by 2030. Participating entities include major wallet operators such as Alipay+, Mercado Pago, and MTN. Additionally, Mastercard announced support for the settlement of six compliant stablecoins across eight blockchain networks, and is partnering with over 85 institutions through its Crypto Partner Program to advance blockchain payment infrastructure.
Odaily reports: The Bank of Italy (Banca d'Italia) has issued a notice requiring payment service providers (PSPs) and crypto asset service providers (CASPs) to continuously review financial transactions using procedures related to the Travel Rule, with no minimum amount threshold.Relevant institutions must verify the names of the originator and beneficiary when establishing a customer relationship, when the EU Council makes a decision, and at the time of each transaction, and cross-check them against lists of sanctioned individuals and entities. Automated systems must not set a minimum amount threshold that limits transaction review, and transfer delays may be accepted when necessary to strengthen sanctions screening. (Bitcoin.com News)
Odaily News: White House crypto advisor Patrick Witt stated that progress has been made on the various concerns raised by the Clarity Act. He said, "I feel pretty good about the progress." (Bitcoin Magazine)
Odaily reports: Bitcoin News posted on X that the German Ministry of Finance, led by Klingbeil, has proposed a flat 25% capital gains tax on Bitcoin purchased after December 31, 2026, which rises to 26.375% when the solidarity surcharge is included; starting in 2028, trading platforms will withhold and remit the tax. If Bitcoin is transferred to another platform and the cost basis cannot be provided, the 25% tax rate may apply to the entire sale amount rather than just the profit portion. Bitcoin purchased before the deadline will still retain the tax exemption policy after being held for one year; currently, individuals in Germany are not required to pay taxes on Bitcoin sales after holding for 12 months.
Odaily reports: Cryptocurrency exchange Gemini has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS), enabling it to provide digital payment token and cross-border transfer services.The license supports Gemini in offering spot trading, custody, and over-the-counter (OTC) services to both retail and institutional clients. Gemini has been serving customers in Singapore since 2020.Gemini co-founder and President Cameron Winklevoss stated that obtaining the license reflects the company's commitment to the Singapore market. Co-founder and CEO Tyler Winklevoss said Singapore will serve as the company's regional strategic hub. (Bitcoin.com News)
According to CoinDesk, the U.S. Department of Commerce is allocating up to $100 million each to three quantum computing companies—Rigetti, D-Wave, and Quantinuum—through the CHIPS Act, totaling up to $300 million. The funding will support the expansion of hardware, manufacturing, and error-correction systems, alongside the simultaneous acquisition of minority stakes in all three firms. Meanwhile, Bitcoin and Ethereum developers are accelerating post-quantum cryptography upgrade initiatives. The Ethereum Foundation has set December 2029 as the deadline for foundational-layer quantum-resistant upgrades encompassing the execution, consensus, and data layers. While Bitcoin has no unified timeline, two proposals—BIP-360 (post-quantum output types) and BIP-361 (phasing out ECDSA and Schnorr signatures)—are advancing rapidly, with researchers likewise identifying 2029 as the critical window to complete a trusted migration path.
Odaily News: According to Bitcoin News monitoring, DART stated that it and independent white-hat researchers have recovered over 50 BTC from wallets affected by the COLDCARD entropy vulnerability, completing the transfer before malicious attackers could steal the funds. DART is a digital asset recovery organization that works with white-hat researchers to protect vulnerable funds and coordinate their lawful return to owners. The white-hat researchers did not request a bounty and will return the Bitcoin to its owners.The rescued BTC has been transferred to the Crypto Recovery Trust. This trust is a dedicated statutory trust established under Wyoming state law to hold recovered digital assets and return them after confirming and verifying the legitimate owners. The trust will document the recovery process, separate the BTC from DART and researchers' funds, conduct blockchain analysis, ownership verification, and sanctions screening, and provide a lawful return process for verified owners. If ownership is disputed, or if the relevant funds involve sanctions or criminal proceedings, the BTC will be handled in accordance with applicable legal procedures. DART stated that other vulnerable assets and recovery leads are still under review.
Odaily reports: Block, the payment company founded by Jack Dorsey, has submitted an application to the U.S. Office of the Comptroller of the Currency to establish an uninsured national trust bank named Builders Bank & Trust, N.A. Proposed president and CEO Lee Woolley stated that the bank will leverage Block's experience in digital assets, the history of Square Financial Services, and the team's banking expertise to provide custody and other trust services including Bitcoin and stablecoins, and to establish a federal regulatory framework for some of Block's existing custody operations.This application joins the ranks of fintech and crypto companies seeking federal bank charters. Since 2025, the U.S. Office of the Comptroller of the Currency has received 40 applications for new bank charters, approved 21, and rejected only 2. Previously, Revolut received conditional approval, and Coinbase, Paxos, BitGo, Ripple, and Circle have also joined the related ranks.
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)
Odaily News: Liquid Network announced that the emergency release Elements v23.3.4 is now live, with Functionary nodes having immediately begun upgrades. All Liquid node operators are advised to update accordingly. This release addresses a previously identified Proof validation cache vulnerability by strengthening the cache keys used for Range Proofs.Regarding network recovery, Blockstream stated that a recovery plan is still being formulated, expected to proceed in three phases: **resume block production while continuing to pause Peg operations; replay verified valid transactions; restore Peg operations after the network state is fully recovered and fund returns are confirmed.** Currently, the first two phases are being tested in parallel, and any phase will only advance once confirmed secure.Liquid Network stated that Elements v23.3.4 has undergone multiple rounds of internal and external reviews, with participants including the Bitcoin Red Team, Alpen Labs, and other teams. Meanwhile, Liquid Network reminds users to be wary of fake upgrade websites exploiting this incident for scams. Information should only be obtained through official Liquid Network and Blockstream channels, and users should never send funds to strangers or disclose private keys or seed phrases.
According to Bitcoin.com, Ripple Chief Legal Officer Stuart Alderoty has recently visited the offices of several senators with undecided or opposing stances, requesting that they meet with actual U.S. cryptocurrency holders before the vote. Ripple cites data showing that there are currently 67 million cryptocurrency holders in the United States, with the industry providing 232,000 jobs and generating approximately $55 billion in economic activity. A procedural vote will take place on September 15, requiring at least 60 votes to initiate formal debate on the CLARITY Act. The bill aims to establish a federal regulatory framework for digital assets, transferring oversight authority of the digital commodity spot market to the CFTC, marking the largest expansion of the CFTC's powers in its history. Currently, seven Democratic senators have raised ethical concerns regarding the bill, leaving uncertainty over whether it can clear the 60-vote threshold.
According to official social media channels, Huobi HTX will host a live broadcast today at 20:00 titled “ADP Surprise, Non-Farm Payrolls Counter Expectations, September Rate Hike Hinges Solely on CPI: $80K Level for $BTC, a Bull Fortress or a Trap?” At the event, crypto KOLs including DaDa, Zhenrong Shuo, Crypto Big Brother, and Grace will join the livestream studio to discuss the latest US employment data, CPI trends, and the Federal Reserve’s September policy expectations. Integrating current market liquidity and capital sentiment, they will analyze the bull-bear dynamics around the $80,000 threshold for BTC and assess subsequent market opportunities.
Odaily News, a report from the Cornell Brooks School Tech Policy Institute (BTPI) shows that if the US implements a de minimis exemption for Bitcoin and cryptocurrency payments under $300, federal net revenue is projected to increase by $859 million over 10 years, with a range of $172 million to $2.58 billion. The estimate assumes the number of digital asset payment users remains at 5.4 million.US Senator Cynthia Lummis' proposed bill S. 2207 seeks to exempt capital gains tax on related payments, with an annual cap of $5,000 on tax-free capital gains. Some other legislative initiatives aim to limit the exemption scope to regulated stablecoins, and discussions are still ongoing.BTPI stated that current capital gains tax and small transaction reporting requirements suppress daily Bitcoin payments. If transaction-level tax and reporting burdens are removed, Bitcoin payments and demand could increase; at current adoption levels, the near-term impact on Bitcoin prices and tax revenue may be minimal, while the long-term impact depends on factors such as payment scale. (Bitcoin.com News)