News linked to both this project and an event.
According to official reports, the NSTR oracle price was manipulated yesterday, causing a single account to use NSTR as collateral to borrow approximately $3.5 million in ETH, STRK, USDC, USDT, WBTC, and DAI v1 from the Nostra money market on Starknet. The market has currently suspended deposits, borrows, withdrawals, and liquidations. Nostra is currently assessing the impact on each asset and tracking the funds, with final losses and recoverable amounts yet to be determined.
Odaily News: Lam Chun-yin, a former relationship manager at China Construction Bank (Asia) Corporation Limited, pleaded guilty to conspiring with an employee of a fintech company and his associates to accept bribes totaling over $470,000 in the cryptocurrency "Tether" (USDT), illegally certifying multiple false documents without bank authorization to serve as guarantees for several insurance-related investment transactions. The case was uncovered through an internal investigation by CCB (Asia), which subsequently filed a corruption complaint with the ICAC and provided full assistance. Judge Lian Jinhong adjourned the case to September 18 for sentencing, during which the defendant will be remanded in custody by the Correctional Services Department. (Sina Finance)
Odaily reports: In November 2023, Orlen Trading Switzerland, a subsidiary of Polish state-owned energy company Orlen, signed a contract to purchase 6 million barrels of Venezuelan crude oil and paid $230 million in unsecured advance payment to Dubai-based trading company Hannon International for conversion into USDT.Hannon International subsequently converted the funds through multiple intermediaries, with $135 million converted into only 85 million USDT, creating a $50 million shortfall. Between January and March 2024, private keys controlling over 132 million USDT were handed over via USB storage devices to brokers affiliated with Venezuela's state oil company.After the transaction, the relevant brokers became unreachable, and the Venezuelan state oil company failed to release the crude oil cargo. Ultimately, only one vessel loaded approximately 500,000 barrels of fuel oil, valued at $28.8 million; Orlen canceled the contract in March 2024, with estimated total losses of $378 million to $424 million.Polish prosecutors have launched a criminal investigation into the management of Orlen Trading Switzerland, with 3 former senior executives indicted and facing up to 25 years in prison. Orlen has initiated international arbitration in Dubai, seeking to recover the $230 million prepayment. (Bitcoin.com News)
According to CoinDesk, recently released asset forfeiture documents from the U.S. Department of Justice reveal that the Hamas military group Al-Qassam Brigades advised donors in an internal letter to avoid using Binance for fund transfers, instead recommending platforms such as Bybit, OKX, Kast, and Redotpay, and suggesting USDT transfers via the Tron network's TRC-20 chain. In response, Binance Chief Compliance Officer Noah Perlman stated, "When a terrorist organization tells people to avoid Binance, it shows our controls are working." OKX replied that the wallet addresses in question are not associated with its platform and have already been flagged by its internal risk control system as suspected non-compliant addresses, meaning any transfer attempts to those addresses will be intercepted.
According to BeInCrypto, JPMorgan Co-President Doug Petno stated at the Barclays Global Financial Services Conference that institutional interest in blockchain and stablecoins remains in its early stages, constrained by interoperability gaps, regulations, and KYC rules, with no genuine institutional demand beyond crypto trading currently. In swift response, Tether CEO Paolo Ardoino remarked that "there is no need to import ice to the Arctic," mocking JPMorgan’s assessment as out of touch with reality—Tether's USDT market cap has already neared $183 billion, while the total market capitalization of all stablecoins sits at approximately $311 billion. Notably, JPMorgan itself operates the blockchain payments division Kinexys, and its research team forecasts the stablecoin market to reach between $500 billion and $750 billion, falling well short of the $2 trillion upper limit projected by some firms.
Odaily News: Carolyn Wilkins, a member of the Bank of England (BoE) Financial Policy Committee, said that the growth of dollar stablecoins could reinforce the dollar's global dominance and increase demand for US Treasuries. Speaking at Queen's University Belfast, she noted that dollar stablecoins can facilitate cross-border settlement and expand access to dollar-denominated assets outside the United States.Tether, the issuer of USDT, and fintech company Circle, the issuer of USDC, held nearly $150 billion in US Treasuries by the end of 2025 and bought about $33 billion that year. Wilkins pointed out that large-scale stablecoin redemptions could force issuers to sell Treasuries, thereby amplifying volatility in stressed markets.Total stablecoin circulation has now exceeded $300 billion, with 98% of that value pegged to the US dollar. Wilkins said this gives the dollar a significant first-mover advantage, and the development of the stablecoin market now has implications beyond the cryptocurrency sector.The development of pound sterling stablecoins has been relatively slow. The UK Financial Conduct Authority has tested potential issuers through a dedicated regulatory sandbox and finalized UK stablecoin issuance rules in June; the Bank of England has also tested the feasibility of using stablecoins in coordination with a simulated digital pound for cross-border trade payments. (Cointelegraph)
Odaily News: Bitget Wallet has announced its integration with RWA protocol Reality, opening trading access to over 1,700 rToken tokenized US stocks. Through this integration, users can trade tokenized US stocks 24/7 on Arbitrum and Morph without needing to open an overseas brokerage account, submit KYC, complete a W-8BEN form, or arrange a wire transfer. Dividends generated by the corresponding underlying assets will be credited to Bitget Wallet in USDT at a 1:1 ratio.Reality is a compliant tokenized asset issuance platform, licensed under El Salvador's digital asset issuance law framework. Its issued rTokens are backed 1:1 by real US stocks, currently supporting over 1,700 tokenized US stocks including rTSM, rNVDA, rAAPL, and rQQQ, covering approximately 95% of US market trading volume. rTokens can connect directly to liquidity across all US markets including Nasdaq and the NYSE, with underlying assets compliantly custodied by FINRA-licensed broker-dealer Alpaca Securities, maintaining a reserve ratio exceeding 100%, with third-party CPA firms issuing daily real-time Proof of Reserve (PoR). This integration will further advance Bitget Wallet's Everyday Finance strategy, aiming to enable users to seamlessly conduct everyday transactions of traditional financial assets through an on-chain wallet.
According to a report by the UK's Financial Times (FT), Poland's state-owned refining group Orlen purchased US-sanctioned Venezuelan crude oil worth approximately $345 million through its Swiss trading subsidiary OTS, using intermediaries to settle the payment with the USDT stablecoin. However, during the multi-tier brokerage transfer process, the funds were massively "evaporated." Citing non-payment, Venezuelan state oil company PDVSA refused to load the cargo, leaving several large oil tankers waiting for months in Venezuelan waters before they almost all returned empty. The Polish government estimated that the total loss, including various ancillary costs, amounted to at least 1.6 billion zloty. After the incident was exposed in April 2024, it quickly escalated into a major scandal, prompting Polish authorities to launch an investigation and file lawsuits against the relevant executives. Former OTS CEO Samer Awad was arrested in the UAE in January 2025, but following a denial of the extradition request by a UAE court, he was subsequently released.
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.
According to CoinDesk, India's Financial Intelligence Unit (FIU-IND) issued non-compliance notices to 15 small and medium-sized offshore cryptocurrency platforms—including Weex, Blofin, Rezorex, Bitunix, DigiFinex, Toobit, XT.com, Latoken, WOO X, Pionex, ChangeNow, SimpleSwap, Fixedfloat, WhiteBIT, and Guardarian—pursuant to Section 13 of the Anti-Money Laundering Act, alleging that these platforms violated regulations by serving Indian users without registering with FIU-IND. Since March 2023, India has brought cryptocurrency platforms under an anti-money laundering regulatory framework equivalent to that of traditional banks, mandating that all platforms serving Indian users, regardless of whether they maintain domestic offices, complete registration and fulfill obligations including customer identity verification and suspicious transaction reporting. In light of this enforcement, reports indicate that some Indian users are circumventing regulations by transferring USDT to overseas platforms to purchase gift cards. FIU-IND also cautioned the public that cryptocurrency products and NFTs remain unregulated and carry high risks, and that affected users may not be able to obtain regulatory recourse for any resulting losses.
Odaily News: Paolo Ardoino posted on platform X that the Tether P2P team is developing a peer-to-peer search engine that can scale to thousands of nodes, achieving high availability and censorship resistance through self-organizing, fault-tolerant data structures. In the current test environment, the team has successfully distributed the full Wikipedia archive across 100 nodes and enabled search functionality.
Liquid Network's official security incident report: On September 6, a vulnerability related to the range proof verification method in Liquid node caching within the open-source software Elements was exploited, resulting in the creation of approximately 4,000 LBTC tokens not backed by bitcoin reserves. The exploiter subsequently exchanged them for approximately 4,000 BTC via SideSwap and the Liquid standard Peg-out mechanism. Prior to the incident, Liquid's reserves stood at approximately 4,205 BTC. After the relevant Peg-out and other withdrawals completed before the network halt, reserves fell to 197 BTC.According to the official statement, the incident did not involve the compromise of Functionary nodes or private keys, and other issued assets on Liquid such as USDT were also unaffected by the vulnerability. The exploiter claimed to be a white hat security researcher and returned 3,400 BTC to the Liquid Federation Peg wallet on September 7. Approximately 598.5 BTC (about 15% of the funds involved) remain unrecovered, and Blockstream is in communication to recover the remaining assets.At present, the top priority is to recover the remaining funds and restore Liquid Network to normal operation as quickly and safely as possible. A fix for the vulnerability has been developed and is currently undergoing multiple rounds of internal and external review. Blockstream is preparing to urgently release Elements v23.3.4, which is expected to be rolled out as soon as preparations are complete, with a target launch within approximately 48 hours. Following the software update, Liquid Network Functionary operators will make further adjustments to restore full network functionality and resume a corrected network state, including rejecting previously invalid Peg-outs.
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 U.S. Federal Bureau of Investigation (FBI), combining blockchain analysis, human intelligence, and court orders, tracked and seized over $560,000 in cryptocurrency originally intended for Hamas. The investigation involved shared wallets, cross-chain bridges, exchanges, and stablecoin accounts.Three seizure actions took place in March, June, and October 2025. Investigators discovered that multiple donation addresses linked to Hamas' military wing, the Al Qassam Brigades, used the same gas wallet to pay transaction fees. Through Reactor, they visualized funds flowing from donation wallets to operational wallets and related infrastructure.In the June 2025 case, funds moved through new addresses, accounts, over-the-counter brokers, and suspected money mule accounts. By October, the network had shifted to using one-time donation wallets and cross-chain bridges. Court orders required Tether to burn USDT at designated addresses and reissue equivalent assets to law enforcement wallets, while Binance was instructed to transfer balances from three accounts. (Bitcoin.com News)
According to Odaily, two Thai businessmen, Nutthawat Rukthammachalern and Natthawat Kasamvilas, have filed a lawsuit against stablecoin issuer Tether in the U.S. District Court for the Southern District of New York, alleging that Tether blacklisted 42.4178 million USDT. The lawsuit was filed on August 31 and refiled the following day. On-chain records show that 10 Ethereum addresses were batch-frozen on October 30, 2025, within a span of two and a half minutes, while the seizure order cited in the lawsuit is dated February 19, 2026—a gap of more than three months. The plaintiffs claim they purchased USDT on the secondary market and had no contractual relationship with Tether. The complaint alleges that Tether acted at the informal request of the U.S. government, conveyed through Homeland Security Investigations (HSI) agents, before the seizure order was issued. On November 2, 2025, Tether informed Natthawat Kasamvilas that it had "no further information," without disclosing that it had already frozen the funds on its own initiative. The lawsuit asserts five causes of action, including conversion, trover, and unjust enrichment. The defendants are four Tether entities: Tether Holdings, Tether International, Tether Operations, and Tether Investments. The case is presided over by Judge Lewis J. Liman. Tether has previously stated that its cooperation with law enforcement has resulted in the cumulative freezing of over $4.4 billion in assets, with more than $2.1 billion of that total linked to U.S. authorities.
: Ethereum Layer 2 network Mantle has launched USDG, a stablecoin issued by Paxos, and joined the Global Dollar Network as a partner. USDG has become one of the first stablecoins natively minted on Mantle, with Mantle eligible to receive a portion of the rewards generated by USDG activity.USDG has a market capitalization of approximately $3.18 billion, ranking as the seventh-largest stablecoin by DefiLlama data. The stablecoin is issued by Paxos and complies with regulatory frameworks in Singapore and the European Union, with Paxos publishing monthly reserve reports.The Mantle ecosystem also offers Agora's AUSD, Ethena's USDe, and Tether's USDT0. Mantle stated that USDG will be used for DeFi applications within the ecosystem and institutional capital allocation.As of Wednesday, Mantle's distributed real-world asset value stood at $234.2 million, up 19% over the past 30 days. (Cointelegraph)
According to official announcements, Mantle has announced that USDG, a US dollar stablecoin issued by Paxos, has officially launched, becoming one of the first native stablecoins on the Mantle network. This integration establishes Mantle as a partner of the Global Dollar Network (GDN). Mantle will directly participate in GDN's reward-sharing mechanism, standing alongside over 150 partners, including Robinhood and Kraken, to drive user growth. As one of the few stablecoins subject to dual regulation under both the Monetary Authority of Singapore (MAS) and the European Union's MiCA framework, USDG currently has a circulating value exceeding $3.5 billion. One of Mantle's missions is to introduce more institutional-grade assets, including tokenized equities, yield-bearing stablecoins, and tokenized funds, thereby providing borderless investment access for everyone. The integration of USDG will further advance Mantle's development into an open financial network bridging institutional players and users. According to reports, the addition of USDG further enriches Mantle's existing portfolio of institutional-grade assets, which includes Agora's AUSD, Ethena's USDe, Ondo's USDY, and Tether's USDT0, among others. Over the past year, Mantle's stablecoin TVL has surpassed $982 million, with RWA T
According to Odaily, the latest data from Bitget shows that the platform's stock token rToken has surpassed $200 million in Assets Under Management (AUM). In terms of trading activity, cumulative rToken trades reached 1.2 million in August, with the number of active traders growing 20% month-over-month and weekend trading volume share rising 8% compared to the previous month.As reported, rTokens—identified by the letter "r" followed by the stock ticker (e.g., rNVDA for Nvidia)—are issued by Reality, a licensed RWA protocol under Bitget. Through a partnership with compliant brokerage Alpaca, rTokens connect directly to global liquidity pools such as Nasdaq and the New York Stock Exchange. Key features include: 1:1 reserve backing of underlying assets held by licensed custodians, stock dividends distributed 1:1 in token form, synchronized corporate actions such as stock splits and reverse splits, and the ability to use holdings as joint margin for Unified Account and USDT-margined contracts—allowing users to hold global equity assets while still managing capital flexibly.
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)
Gate has officially launched its US stock options trading service, initially covering 9 popular US stock targets, including Nvidia, Tesla, Apple, Meta, AMD, Micron, Amazon, and others, spanning hot sectors such as AI technology, semiconductors, electric vehicles, and cloud computing. Users can participate in US stock options trading by updating the Gate App to v8.35.0 or above.In terms of product experience, Gate's US stock options require no separate US stock account or margin account to be opened by users, and settle in USDT without involving physical stock delivery, making the trading and settlement process more direct. Meanwhile, the product initially supports intraday trading of US stocks and charges 0 platform fees and 0 options commissions, further lowering the barrier to participating in US stock options trading. Relevant third-party regulatory and clearing fees will be charged separately in accordance with applicable rules.This launch further completes Gate's global stock product ecosystem. Currently, Gate covers four core markets—US stocks, Hong Kong stocks, Korean stocks, and Japanese stocks—supporting over 12,800 stocks and ETFs, and offering services such as fractional share trading, stock dividends, and cross-broker transfers. With the addition of US stock options, users can not only participate directly in the stock and ETF markets but also gain more market participation choices around the future movements of popular US stock targets through strategies such as calls and puts.