News linked to both this project and an event.
: On September 9, Bulgaria's National Assembly passed amendments to the Tax and Social Security Procedure Code with 149 votes in favor, 0 against, and 10 abstentions, which will allow the Bulgarian National Revenue Agency to obtain detailed information on crypto asset users. The bill was approved by the 240-seat parliament.The amendments implement two European Union (EU) directives, requiring crypto asset-related businesses to register and report to the Bulgarian National Revenue Agency users' names, addresses, dates and places of birth, tax residences, and tax identification numbers, as well as to submit transaction data for various types of crypto assets, including gross amounts received, number of transactions, number of fiat buy and sell transactions, and crypto asset exchange activity.Privacy advocates criticized the scope of data collection as overly broad, arguing that mandatory disclosure of personal information could pose security risks. Crypto traders and small businesses said the registration and reporting requirements will increase compliance costs; supporters of the bill argue it aligns with EU standards and helps curb tax evasion. The relevant directives require EU member states to complete adoption by December 31, 2025. (Bitcoin.com News)
Odaily News: The Australian Transaction Reports and Analysis Centre (AUSTRAC) has stated that over the past year, it has cancelled, suspended, or refused to renew 45 registrations for cryptocurrency and remittance businesses, targeting service providers that are inactive, insolvent, or not operationally capable.AUSTRAC CEO Brendan Thomas stated that businesses whose registrations have been cancelled are not permitted to continue operating, and that some individuals involved have been referred to Australian and overseas law enforcement or regulatory cooperation agencies. Additional issues cited include failure to report material changes, incorrect registration information, and significant money laundering or terrorist financing risks.AUSTRAC noted that the virtual asset service provider registration of GetCoins, a brand under BA Digital Ventures, was cancelled in June following customer complaints. The agency stated that GetCoins is suspected of being exploited by organized cryptocurrency investment scam activities, and that this action, taken in collaboration with the National Anti-Scam Centre, helped disrupt related activity.AUSTRAC did not disclose the full list of 45 businesses, nor did it provide a breakdown of crypto versus remittance service providers. The public VASP register shows that recent actions have also involved Cryptolink, Self Custody, Jam Xchange, and Coinsec Australia; AUSTRAC has also launched an investigation into Western Union and suspended Cryptolink's cryptocurrency ATM network. (Cointelegraph)
: 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
Odaily Odaily News The prediction market exchange Kalshi has suspended North Carolina Republican House candidate Laurie Buckhout from trading for three years due to her trading of contracts related to her own congressional election. The settlement took effect on Friday, and she is also required to pay a fine of $2,589.96.During her campaign against Democratic Rep. Don Davis for North Carolina's 1st Congressional District, Buckhout purchased related contracts worth less than $1,000. Under Kalshi's rules, candidates are considered persons with direct decision-making influence over outcomes and are prohibited from trading related contracts.Kalshi has previously suspended Minnesota Senator Matt Klein, former Texas congressional candidate Ezekiel Enriquez, and Virginia Senate candidate Mark Moran for five years each over candidates betting on their own elections. Former Rep. George Santos was permanently banned for trading contracts related to his own attendance at the State of the Union address and was fined $71,356.Buckhout won the Republican primary in March of this year and will face Don Davis again in the election; she previously lost by less than two percentage points in 2024. Kalshi is regulated by the U.S. Commodity Futures Trading Commission (CFTC) and has processed tens of billions of dollars in trading volume over the past year. (Decrypt)
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: Cryptocurrency exchange Binance recorded $15.7 billion in inflows in August, setting a monthly record and capturing more than 75% of all centralized exchange inflows. During the same period, Bitcoin's price surged over 20% to break through $80,000, driving growth in exchange trading volumes.Binance Research noted that the $15.7 billion figure is approximately 8.4 times that of the exchange with the second-largest positive inflows, with Bybit and OKX ranking among the three exchanges with the highest liquidity concentration. Inflows at smaller platforms were more dispersed.Additionally, Binance faces allegations in the European Union of accepting local users without obtaining a license under the Markets in Crypto-Assets Regulation (MiCA). (Bitcoin.com News)
Odaily News The prediction market platform Kalshi has permanently banned former U.S. Representative George Santos and fined him $71,400. Kalshi determined that he manipulated markets related to whether he would attend the State of the Union address, profiting $17,800 from the scheme.In a disciplinary notice issued on August 28, Kalshi's compliance department stated that Santos made multiple large trades in the relevant markets between February 2 and 25. Since he could influence the market outcome, platform rules prohibited him from trading in that market; he subsequently made false or misleading statements regarding his attendance plans in an attempt to influence the prices of the "Yes" and "No" contracts.Kalshi determined that the statements were intended to manipulate prices and did cause price movements, resulting in violations of rules against market manipulation, trading on event outcomes, and fraudulent manipulation. He was also penalized for failing to cooperate with the investigation. This penalty marks the first time Kalshi has issued a lifetime ban against a former member of Congress. (Decrypt)
According to The Block, prediction market platform Kalshi announced a permanent ban on former U.S. Representative George Santos, marking the first time the platform has imposed a permanent ban on an individual user. Kalshi's compliance department determined that Santos engaged in prohibited trading in markets related to the State of the Union Address (SOTU)—by publicly announcing whether he would attend two weeks prior to the event, he caused significant price volatility in the associated contracts, constituting suspected market manipulation. Santos was fined over $71,000. Previously, the U.S. Commodity Futures Trading Commission (CFTC) had already filed charges against him regarding the same incident. Santos settled with the CFTC by paying $35,000, without admitting or denying the allegations.
Odaily News: CME Group Chairman and CEO Terry Duffy said this morning at a CFTC Innovation Advisory Committee meeting that trade.xyz and Hyperliquid are having a tangible impact on the U.S. market. trade.xyz, a leading market builder on the Hyperliquid chain, focuses on perpetual contracts for equities, commodities, and pre-IPO assets, and its trading volume already accounts for a significant share of Hyperliquid's activity. Terry Duffy has previously voiced concerns on multiple occasions regarding leverage and regulatory issues associated with such offshore platforms. Additionally, Terry Duffy clashed with CFTC Chairman Michael Selig and Kalshi Chief Operating Officer Luana Lopes Lara over prediction market regulation. Duffy noted that certain prediction market contracts carry manipulation risks, particularly those listed via self-certification. He pointed out that contracts tied to the content of the President's State of the Union address and the timing of Venezuelan President Nicolás Maduro's departure from office may be susceptible to manipulation, adding that this is detrimental to the entire industry.
According to The Block, at a meeting of the Commodity Futures Trading Commission's (CFTC) Innovation Advisory Committee, CME CEO Terrence Duffy publicly addressed the risks of manipulation in prediction market contracts, stating that "there are indeed people manipulating these contracts, which is extremely harmful to the industry," and expressing concern over the potential manipulation risks associated with numerous self-certified contracts, as well as those related to Trump's State of the Union address and Maduro's removal from office. CFTC Chairman Michael Selig promptly interrupted and rebutted this, noting that all the aforementioned contracts operate overseas and are not issues for the U.S. market. Subsequently, Kalshi COO Luana Lopes Lara challenged CME by asking whether it had also faced manipulation issues, leading to a heated exchange between both parties. Currently, the dispute over regulatory jurisdiction for prediction markets continues to escalate, with the CFTC asserting "exclusive jurisdiction" and having already filed lawsuits against several states, while pledging to advance revisions to consumer protection rules; meanwhile, some members of Congress have introduced legislation aimed at banning the listing and trading of prediction contracts tied to sports or gambling.
Odaily News: Dinaro, an electronic money institution regulated by the Central Bank of Slovenia, has been included in the European Union's Markets in Crypto-Assets (MiCA) register of electronic money token (EMT) issuers, making it the first Slovenian issuer to be listed on the register. The latest update to the European Securities and Markets Authority (ESMA) register also added two crypto-asset service providers (CASPs): Czech lending institution Partners Banka and Germany's Volksbank Beilstein-Ilsfeld-Abstatt, bringing the total number of registered entities to 325. According to Dinaro's official website, it offers payment services such as card issuing and acquiring, and holds Mastercard principal membership. Czech company Altlift is no longer listed on the CASP register. The company first entered the register in early July this year, authorized to execute and transmit client orders and provide crypto-asset advice. With Dinaro's inclusion, the EMT register now contains 43 entries; the asset-referenced token (ART) register remains empty, and the list of non-compliant entities stands at 167. (Cointelegraph)
Odaily News As prediction markets gradually expand into the realms of politics and government decision-making, insider trading risks are becoming a regulatory focus. U.S. prediction market platform Kalshi has stated that it has identified multiple suspected cases of insider trading and has submitted the relevant leads to federal regulators.Kalshi spokesperson Laura Frank stated that the company prohibits market manipulation and insider trading and has established a trading surveillance system similar to those used in securities markets. Earlier this year, Kalshi's monitoring system flagged suspicious trading activity by former Congressman George Santos in markets related to the U.S. President's State of the Union address. The company subsequently submitted its investigative findings to the U.S. Commodity Futures Trading Commission (CFTC).Additionally, federal agencies are investigating whether former White House teleprompter operator Gabriel Perez used advance knowledge of Trump's speech content to trade on Kalshi-related markets.Meanwhile, the Trump family is accelerating its push into the prediction market space. Trump Media & Technology Group is developing a prediction market platform called TruthPredict, which will allow users to trade prediction contracts tied to major events. The company is also launching Truth API, providing Wall Street with high-speed data access to Truth Social content.Donald Trump Jr., the eldest son of the former president, currently serves as a strategic advisor to Kalshi, while his venture capital firm, 1789 Capital, has invested in rival Polymarket and joined its advisory board. This means the Trump family is simultaneously linked to the two leading prediction market platforms, while Trump Media Group is also building its own prediction market business.Although there is currently no public evidence showing that Donald Trump Jr. or the Trump family has traded using inside government information, the potential conflicts of interest arising from the intertwining of presidential public information, market trading, and family business interests are drawing growing external scrutiny.As of now, Donald Trump Jr.'s team and Trump Media & Technology Group have not immediately responded to requests for comment. (Fortune)
Odaily News: Patrick Hansen, Senior Director of EU Strategy and Policy at Circle, stated that since the full implementation of the EU's Markets in Crypto-Assets Regulation (MiCA), licenses have been granted to 35 electronic money tokens from 21 issuers, with local issuers making good progress in implementation. Patrick Hansen pointed out that MiCA's strict requirements have made it impossible for most major stablecoin issuers, including Tether, to meet operational requirements. Currently, only USDG, USDC, and EURC comply with the framework's requirements, leaving other stablecoins outside MiCA's regulatory scope and leaving EU users either unprotected or unable to access them. He believes that the upcoming MiCA review should address this issue and provide foreign issuers with a more pragmatic operational path. The European Commission's Directorate-General for Financial Stability, Financial Services and Capital Markets Union launched a public consultation on May 20 to assess whether the current framework remains fit for purpose, with the consultation set to run until September 30.
Odaily News: Former U.S. Representative George Santos has reached a settlement with the U.S. Commodity Futures Trading Commission (CFTC). According to the July 31 order, Santos must disgorge $17,569.98, pay a $17,500 civil monetary penalty, and is prohibited from trading on any CFTC-regulated entity for three years. The CFTC found that Santos made misleading public statements and material omissions while trading event contracts on the prediction market platform Kalshi related to whether he would attend President Donald Trump's State of the Union address. Santos neither admitted nor denied the findings or conclusions in the order. Trading records show that Santos opened an account on February 11 and traded only that contract, first purchasing Yes contracts and profiting $3,448.43, then continuing to publicly state he would attend after flights and trains were canceled, while purchasing No contracts. That position ultimately earned $14,390.57. Kalshi stated that it had detected the related activity, frozen the account, and provided evidence to the CFTC.
Odaily News: Former US Congressman George Santos has reached a settlement with the US Commodity Futures Trading Commission (CFTC). The CFTC stated that Santos engaged in manipulative trading behavior while trading a prediction contract on Kalshi regarding whether he would attend the State of the Union address in February 2026, profiting over $17,500 from the trades.According to the CFTC's Friday announcement, Santos is required to pay $35,000 as part of the settlement, but neither admitted nor denied the regulator's findings.The CFTC stated that in the two weeks leading up to the State of the Union address, Santos repeatedly made public comments about whether he would attend the event, causing significant fluctuations in the price of the event contract. For example, while holding a "Yes" position indicating he would attend, he posted on X asking what he should wear to the State of the Union. Within hours, the price of the Yes position rose, after which Santos closed his position for a profit.The CFTC also alleged that Santos subsequently continued to post updates about his travel to Washington, D.C., including flights and train rides, and profited by trading back and forth based on market reactions to his public statements. The CFTC stated that Santos's conduct was intentional, or at least reckless. He traded in an event contract whose underlying outcome he could influence, and affected the contract price through misleading public statements or omissions of information, thereby profiting from his trading positions.Santos's attorney, Joseph W. Murray, stated in Friday's announcement that the State of the Union contract was Santos's first foray into prediction market betting.
the Hungarian Parliament has voted to abolish the crypto verifier requirement, eliminating the need for third-party approval for certain crypto transactions. This requirement originated from Hungary's 2024 Crypto Asset Act, which was originally set to mandate that from July 1, 2025, licensed verifiers must check asset sources, wallet ownership, and client information before issuing compliance statements. Hungarian Finance Minister Kármán András stated that the previous rules disrupted Hungary's crypto market, with some service providers ceasing local operations, leading the government to cancel the verification requirement. Broader licensing and compliance requirements continue to apply. On July 20, the Hungarian National Bank (MNB) granted authorization to Tiwala Solutions, the operator of the crypto platform CoinCash, under the European Union's Markets in Crypto-Assets Regulation (MiCA). The authorization covers custody, exchange between cryptocurrencies and fiat currencies, exchange between cryptocurrencies, transfers, investment advice, and portfolio management. CoinCash plans to gradually resume its services.
: The European Union (EU) has expanded its sanctions against Russia, targeting the A7 cross-border payment network and its newly established African connections, as well as the A7A5 stablecoin used to circumvent sanctions. The latest sanctions package extends transaction bans to 14 crypto-related platforms in countries including Georgia, the UAE, and Panama, and introduces a tool that can be used to comprehensively ban crypto asset services used by Russia. In addition to digital asset measures, the EU has imposed asset freezes and transaction bans on 94 banks and major financial institutions, and expanded transaction bans to another 33 Russian credit and financial institutions.
The Council of the European Union formally adopted the 21st sanctions package against Russia on July 23, focusing on strengthening restrictions on the Russian financial system, energy revenue, military industry, and crypto-asset services. In the financial sector, the EU imposed asset freezes on 94 banks and major financial institutions and expanded transaction bans on 33 Russian credit and financial institutions; meanwhile, 14 service platforms related to crypto-assets were included in the scope of restrictions, and for the first time, it was proposed that comprehensive bans could be implemented on crypto-asset services in third countries that assist Russia in evading sanctions.
OdailyOdaily reports that the European Union has further tightened restrictions on crypto assets concerning Belarus, prohibiting Belarusian citizens and residents from owning, controlling, or managing crypto service providers regulated under the Markets in Crypto-Assets (MiCA) regulation.According to Council Decision (CFSP) 2026/1847, adopted by the Council of the European Union on July 24, this measure is an extension of the EU's sanctions framework targeting Belarus's involvement in the Russia-Ukraine conflict. The new rules will take effect on July 24, with the expanded restrictions on the crypto industry slated for implementation from August 25.As defined by MiCA, the affected services include operating crypto trading platforms, exchanging crypto assets, executing and transmitting customer orders, crypto asset issuance services, asset transfer services, investment advisory, and portfolio management. These restrictions come as the MiCA transitional period ended on July 1. The EU had previously required unauthorized crypto firms to cease relevant operations or face regulatory enforcement.The EU stated that this expansion is part of its efforts to combat the use of crypto platforms to evade sanctions against Russia. Earlier, in its 21st round of sanctions against Russia, the EU had extended trading bans to 14 foreign crypto service platforms and established a mechanism to potentially prohibit transactions with any foreign crypto service providers deemed to be assisting Russia in sanctions evasion.Market participants point out that with the full implementation of the MiCA regulatory framework, the EU is further tightening its oversight of the crypto industry through licensing systems and sanction mechanisms. (Cointelegraph)