ActiveInvestorMag.com: Crypto & Financial Engineering

Senator Blumenthal investigates Tether’s payments to a firm linked to Bo Hines

Fri, 23 Oct 2026 14:17:00 GMT

The Senate’s top Democratic investigator is seeking records on payments to the former White House crypto adviser’s firm, adding to scrutiny of the stablecoin issuer.

Senator Richard Blumenthal, the Senate’s top Democratic investigator, is looking into payments by Tether to a firm linked to Bo Hines. Hines is a former White House crypto adviser. Blumenthal is seeking records on the payments. The payments were made to Hines’s firm, according to the senator’s inquiry.

Blumenthal’s letter cites press reports that the payments began while Hines was helping shape stablecoin legislation for the White House. Blumenthal described that legislation as “instrumental to its business,” referring to Tether. He sent letters requesting details of the payments.

Reports allege that Hines pushed to extend stablecoin compliance deadlines. Those are allegations set out in press reports and in Blumenthal’s letter; the senator is requesting records to examine them.

Why it matters to investors, and what to watch: on the site.

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A Circle shareholder sues Trump and World Liberty Financial over UAE-linked crypto deals

Thu, 22 Oct 2026 21:17:00 GMT

The lawsuit alleges the president violated the Constitution’s Foreign Emoluments Clause by profiting from more than $2 billion in deals tied to the United Arab Emirates.

J. Benjamin Greenberg, a shareholder in crypto company Circle Internet Group, sued President Donald Trump and World Liberty Financial on Thursday. The suit alleges that two deals linked to the United Arab Emirates violated the Constitution. It accuses Trump of breaching the Foreign Emoluments Clause.

The lawsuit accuses Trump and World Liberty Financial of “corruptly profiting” from more than $2 billion in digital currency-related deals. It focuses on two business deals linked to the crypto firm. The case was filed in Washington, in federal court. It alleges that both the president and the company unlawfully profited from crypto transactions involving the UAE.

World Liberty Financial is the cryptocurrency venture Trump co-founded with his sons. It was launched in 2024 with members of the Trump and Witkoff families and operates the USD1 stablecoin.

Why it matters to investors, and what to watch: on the site.

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Trump says fraud investigations made a very big dent in overseas crypto scams as his family’s crypto gains draw scrutiny

Thu, 22 Oct 2026 14:18:00 GMT

At a White House cybercrime roundtable the administration showcased seizures of fraudulent crypto sites, while critics pointed to the Trump family’s crypto earnings and the 2025 pardon of Binance’s founder.

President Trump said fraud investigations have made a “very big dent” in overseas scams. He spoke at a roundtable on cybercrime in the East Room of the White House on Wednesday, alongside Stephen Miller.

The president’s team highlighted work to crack down on overseas crypto scams. The event was set up to tout seizures of fraudulent crypto sites. Ahead of it, the administration planned to throw a spotlight on overseas crypto abuses.

The roundtable focused on cybercrime losses in 2025. During the event Trump avoided the word “cryptocurrency”, using “cybercurrency” instead. One account put the scams’ losses at $7.2 billion, set against $2.3 billion in gains for the Trump family. Miller also spoke about the president’s record on scams.

Why it matters to investors, and what to watch: on the site.

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JPMorgan puts its JPM Coin deposit token on Ethereum for institutional clients

Tue, 20 Oct 2026 14:18:00 GMT

The bank’s move brings tokenised dollar deposits onto a public blockchain just as Washington’s stablecoin rulebook nears its effective date.

JPMorgan is bringing its deposit token, JPM Coin, to the Ethereum network for institutional clients, the bank said in a statement on Monday, Bloomberg reported. Yahoo Finance summarised the move as Jamie Dimon’s bank putting dollar deposits on Ethereum.

Several outlets set the launch against Dimon’s own record. Yahoo Finance noted his public crypto skepticism and reported that JPMorgan had quietly built JPM Coin all the same. Cryptonews framed it as Dimon criticising bitcoin while JPMorgan opens up to Ethereum. TheStreet reported that Dimon framed the threat from stablecoins in his April letter to shareholders, and recalled remarks he made at a 2023 Senate hearing about what he would do if he were the government.

Why it matters to investors, and what to watch: on the site.

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Banks can slow stablecoin growth simply by paying depositors more, BIS research finds

Mon, 19 Oct 2026 21:20:00 GMT

New work published by the Bank for International Settlements says deposit rates and stablecoin issuance compete for the same money, with USDC the most exposed.

Higher bank deposit rates predict slower stablecoin growth, according to a new working paper published by the Bank for International Settlements. Stablecoins and bank deposits are competing for the same pool of funds, the research finds. When US banks paid savers more, stablecoins grew more slowly, and the effect was strongest for USDC. Higher interest rates on bank deposits can significantly slow the growth of stablecoins, Yahoo Finance reported of the study, which it framed as making USDC more vulnerable than USDT.

Forex Crunch reported that the paper identifies the gap between what banks pay depositors and what stablecoins offer as the operative variable. Pluang’s summary also put rising bank deposit rates at the centre of the slowdown, and singled out USDC. The BIS published Working Paper 1385, on competing rails for cross-border payments across banks, fintechs and stablecoins, on 19 October. It also published a speech the same day on financial resilience in an age of repeated shocks.

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Deutsche Bank prepares a digital asset custody launch as banks move into crypto plumbing

Sat, 17 Oct 2026 14:21:00 GMT

Reuters reports the bank is weeks from its first digital asset service, one of several incumbents building custody and settlement rails rather than trading desks.

Deutsche Bank is weeks away from launching its first digital asset service, marking a push into crypto, Reuters reported, with growth in Asia as a target. News.bitcoin.com reported the launch as institutional Bitcoin and Ether custody.

The same week brought a run of bank-side plumbing deals. Cross River Bank and Ripple agreed to integrate the RLUSD stablecoin on the XRP Ledger directly into the bank’s core operating system, allowing treasury movements around the clock. Singapore Gulf Bank added in-account swaps for Tether and USD Coin, letting customers exchange US dollars for either stablecoin in its mobile banking app and hold them alongside other fiat. Visa Direct now settles stablecoin payments in 180 countries following the launch of Inyo Global, a payments infrastructure provider focused on stablecoin settlement and treasury management.

Why it matters to investors, and what to watch: on the site.

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Private credit funds raise record sums while deals slow and bank financing tightens

Thu, 15 Oct 2026 21:25:00 GMT

Direct lenders are taking in more money than ever even as the opportunities to deploy it narrow, and their own lenders are pulling back.

Private credit direct lenders are raising record sums even as deal activity slows, Reuters reported, describing a deployment squeeze. At the same time, banks are pulling back from financing Australian private credit funds, Bloomberg reported, citing people familiar with the matter.

The money is still arriving from both ends of the market. Private credit is drawing strong flows from retail and institutional investors, according to an account of Morningstar’s guidance for investors, which also flagged the risk currently present in Australian private credit. Private markets are opening to individual investors, and the industry now needs a scalable approach to serve them, one commentary argued.

Why it matters to investors, and what to watch: on the site.

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Tether paid millions to a firm part-owned by the aide who wrote the stablecoin law

Thu, 15 Oct 2026 14:29:00 GMT

Money from the world’s largest stablecoin issuer flowed to a consulting firm in which a White House crypto adviser kept a stake while he worked on the stablecoin legislation that now governs it.

Money from Tether flowed to the consulting firm Nxum while Bo Hines worked in the White House on landmark stablecoin legislation, the Wall Street Journal reported. Hines kept a one-third stake in Nxum while Tether, the world’s largest stablecoin issuer, steered money to it, Raw Story reported, citing the Journal.

Tether paid approximately $6.3 million to the firm, which is partly owned by the former White House adviser, according to a report summarised by Crypto News. Yellow reported that the firm took the payments as Hines shaped the administration’s crypto agenda, citing the Journal, and said a senior Senate Democrat is already investigating Tether’s ties.

The Journal headlined its account on the fact that the aide crafted a crypto law for the administration while his company took money from a crypto giant. Raw Story summarised the same finding as a presidential aide’s firm quietly collecting millions from the company his law now governs.

Why it matters to investors, and what to watch: on the site.

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Bitcoin holds above $83,000 as the announced energy truce pushes oil lower

Mon, 12 Oct 2026 14:48:00 GMT

Bitcoin traded above $83,000 on Monday, with reports attributing the move to falling oil prices after the announcement of a halt to Russian and Ukrainian energy strikes rather than to anything in the crypto market itself.

Bitcoin held above $83,000 on Monday after President Donald Trump pushed Russia and Ukraine to agree to halt strikes on each other’s energy infrastructure, in a description the excerpt cuts off. Barron’s reported bitcoin rising after Trump announced the energy ceasefire between Ukraine and Russia.

Other accounts put the level higher. One reported bitcoin recovering to near $84k as falling oil prices offered support on hopes of a Russia-Ukraine ceasefire, and another had it shrugging off exchange-traded fund outflows to trade above $84,000 as oil fell, noting the arrangement under which Russia is to supply 300,000 metric tons of diesel to international and domestic markets.

The spread between those readings matters less than what they have in common: every one of them dates the move to the ceasefire announcement and the oil price that followed it.

Why it matters to investors, and what to watch: on the site.

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Treasury says it has located a billion dollars of Iran-linked crypto as the DOJ reopens Binance

Sat, 10 Oct 2026 21:31:00 GMT

Scott Bessent says the US could seize about a billion dollars of Iran-linked cryptocurrency this week, while the Justice Department reviews whether Binance kept to its settlement.

Treasury Secretary Scott Bessent said authorities have located about a billion dollars of Iran-linked cryptocurrency that they could seize this week. One account reports him saying the seizure is likely and puts the sum at about a billion dollars, with a yen figure of about 160 billion yen attached. Another describes the US as targeting a billion dollars of assets this month. One report notes that the latest statement raises questions about previously announced seizure figures, in a sentence the excerpt cuts off.

Separately, the Justice Department is reviewing whether Binance breached the settlement it reached in 2023, with one account tying the review to Iran sanctions concerns. Changpeng Zhao, the exchange’s then chief executive, stepped down and pleaded guilty to violating US anti-money-laundering laws, specifically to failing to maintain an effective anti-money-laundering programme. One report says he was fined 50 million dollars and stepped down as chief executive, and that the outcome of the current review is far from settled, in a sentence the excerpt cuts off.

Why it matters to investors, and what to watch: on the site.

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Ledger traces an 86 million dollar wallet drain to a single reseller

Fri, 09 Oct 2026 21:29:00 GMT

The hardware wallet maker asked a Malaysian and Philippine reseller to pause sales after users reported drained accounts.

Ledger is investigating reported crypto thefts of about 86 million dollars linked to wallet sales by the reseller CryptoBilis. BigGo Finance reported the company probing an 86 million dollar crypto drain tied to a Southeast Asian reseller, and BitPinas reported that Ledger asked CryptoBilis, which is based in Malaysia and the Philippines, to pause sales amid user reports of drained wallets.

U.Today reported Ledger investigating the theft reports, and FXDailyReport reported the hardware wallet maker hit with an 86 million dollar theft. The figure is as reported by users and has not been confirmed by any audit.

Reports of unauthorised outflows came from users rather than from the company, and Ledger’s response so far has been to investigate and to ask the reseller to stop selling. Neither Ledger nor the reseller has published a finding.

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Senate Democrat demands Cantor Fitzgerald’s records on its Tether stake

Fri, 09 Oct 2026 14:37:00 GMT

Richard Blumenthal has asked Cantor Fitzgerald for documents on its holding in Tether and its role holding the stablecoin’s reserves, after a subcommittee report on Iran’s shadow banking.

Senator Richard Blumenthal has demanded answers from Cantor Fitzgerald about its relationship with Tether, following a Permanent Subcommittee on Investigations report that found the cryptocurrency firm props up Iran’s shadow banking system.

Blumenthal sent the letter on Thursday to Cantor’s chief executive Brandon Lutnick, the son of Commerce Secretary Howard Lutnick. He asked for records on the firm’s stake in Tether and on its custody role for the stablecoin’s reserves. He also sought all correspondence from Howard Lutnick regarding Tether, including communications after he stepped away from Cantor.

Why it matters to investors, and what to watch: on the site.

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UK sanctions three crypto exchanges in a 38-target Russia package

Thu, 08 Oct 2026 21:30:00 GMT

Britain designated crypto exchanges and payment platforms alongside oil companies and tankers, extending sanctions enforcement into digital payment rails.

The United Kingdom announced 38 Russia-related designations, including three crypto exchanges and two payment platforms it suspects Russia uses to dodge financial restrictions. The named crypto and payment targets were Cryptomus, Heleket and TokenSpot. Two of the platforms are linked to the A7 network.

The wider package targeted oil companies, 12 tankers, cryptocurrency exchanges and defence industry suppliers. Reporting described it as the UK ramping up sanctions against the Russian shadow fleet, the crypto industry and big oil, and as hitting shadow oil tankers, crypto exchanges and financial networks aiding Moscow’s war effort. The British government said it suspects the designated platforms may be helping Russia move money around existing restrictions.

Why it matters to investors, and what to watch: on the site.

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Kazakhstan’s central bank takes Tether as a partner on a tenge stablecoin

Wed, 07 Oct 2026 21:29:00 GMT

The National Bank of Kazakhstan will study a currency-linked stablecoin and tokenised real-world assets with the issuer of USDT.

The National Bank of Kazakhstan said it will study a local currency-linked stablecoin and tokenised real-world assets with Tether. Tether, the issuer of the USDT stablecoin, will help the central bank examine a tenge-pegged token and put real-world assets on a blockchain. The arrangement takes the form of a memorandum of understanding signed with the National Bank of Kazakhstan and the Alatau City authority.

Three parties are involved rather than two. The central bank is working with Tether and the Alatau City Authority to explore a tenge-backed stablecoin and tokenised real-world assets. Under the memorandum the three will explore stablecoin development, asset tokenisation and applications related to decentralised finance. Alatau is targeting up to $60 million in tokenised projects.

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Japan sanctions crypto exchange Garantex in a wider Russia package

Sun, 04 Oct 2026 21:25:00 GMT

Tokyo added 33 entities and nine individuals to its asset-freeze list and restricted services to 35 vessels.

Japan added the Moscow-based cryptocurrency exchange Garantex to a Russia sanctions asset-freeze list covering 33 entities and nine people, while restricting services to 35 vessels. The package was imposed on October 2, adding 33 entities including the Russian cryptocurrency exchange.

Traders Union reported the measures as targeting Garantex and 35 shadow-fleet oil tankers, with the stated aim of pressuring Moscow’s oil sales and its evasion of existing restrictions. TradingView said the Japanese government expanded its sanctions citing the continuing war in Ukraine. Crypto Briefing described Garantex as tied to $96 billion in crypto transactions.

The listing covers entities and individuals as well as the exchange itself, with nine people named alongside the 33 entities. The vessel element restricts the provision of services to 35 ships rather than freezing them outright. KuCoin reported the package as new sanctions on Russia imposed by Japan on that date, and TradingView as an expansion of the existing Japanese programme.

Why it matters to investors, and what to watch: on the site.

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Stablecoin issuers step into the Treasury demand China gave up

Sun, 04 Oct 2026 14:23:00 GMT

A San Francisco Fed paper finds issuers have replaced 40% of the US Treasury demand lost as foreign official holdings fell.

Stablecoin issuers have replaced 40% of the US Treasury demand lost by China, according to reporting on new central bank work. The San Francisco Fed estimates that issuers are becoming an increasingly important source of Treasury demand. The paper, released on 28 September, is titled Stablecoin Issuers’ Growing Appetite for Treasury Securities. Issuers’ Treasury holdings are put at nearly $200 billion. The shift is beginning to alter the investor base underpinning the world’s largest government bond market, with Tether and Circle identified as the issuers taking up the slack as foreign official holdings lose ground.

The size of the sector is disputed within the same day’s coverage. Two reports put the stablecoin market above $310 billion, while another put it at $300.9 billion. A fourth said market capitalisation has fallen by $14 billion since May and that the recovery remains weak. Within the quarter, Tron added $5 billion of stablecoin supply while Ethereum’s supply declined by $4.9 billion.

Why it matters to investors, and what to watch: on the site.

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Stablecoin issuers added about $200 billion in Treasury holdings, San Francisco Fed says

Sat, 03 Oct 2026 14:25:00 GMT

Research cited across crypto outlets sets issuers’ bill buying against a decline in China’s holdings of US government debt.

Research from the Federal Reserve Bank of San Francisco found that stablecoin issuers Tether and Circle added about $200 billion in Treasury and repo holdings. KuCoin reported the finding as issuers such as Tether and USDC adding approximately $200 billion in US Treasury assets over five years, offsetting more than 40% of a decline elsewhere. CryptoRank and CryptoSlate both framed it as stablecoin issuers replacing 40% of China’s lost US Treasury demand.

The two sides of that comparison are not the same size. CryptoRank put issuers’ Treasury holdings as nearing $200 billion while China’s fell toward $600 billion. CryptoSlate contrasted China’s roughly $600 billion in Treasury holdings with issuers’ nearly $200 billion.

Why it matters to investors, and what to watch: on the site.

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Treasury Opens a State Path for Stablecoin Oversight Under the GENIUS Act

Fri, 02 Oct 2026 14:31:00 GMT

An interim rule lets states file certifications before their own rules are finished, as a San Francisco Fed study put issuers’ Treasury holdings near 200 billion dollars.

The US Treasury published interim procedural rules for the state stablecoin certification process under the GENIUS Act, setting out the application forms and review procedures. The rule, dated 30 September, establishes the forms and review procedures for the Stablecoin Certification Review Committee, which conducts the reviews.

Its practical effect is to stop the clock running out on states. The rule lets states preserve a path toward approval of their stablecoin regimes while their own rules remain unfinished, by filing an initial certification. Conditional or incomplete state certifications may meet the initial filing timing while legislative or regulatory work continues. States may submit initial certifications for review even while their rules are still unfinished. It was issued as an interim rule covering the certification process.

Why it matters to investors, and what to watch: on the site.

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Treasury lets states file stablecoin certifications before their rules are final

Thu, 01 Oct 2026 21:29:00 GMT

The first rule written under the GENIUS Act sets out forms and review procedures and allows conditional state filings while legislatures finish their work.

The US Treasury has published interim procedural rules for the state stablecoin certification process, setting out the application forms and procedures. The rule, dated 30 September, lets states preserve a path toward stablecoin-regime approval while their own rules remain unfinished, by filing an initial certification. Treasury will let states file for stablecoin approval before finishing those rules. The same rule allows states to submit initial certifications for stablecoin-regime review even while the underlying state rules are still unfinished.

The interim final rule establishes forms and review procedures for the Stablecoin Certification Review Committee, the body that reviews state regimes. Conditional or incomplete state certifications can meet the initial filing timing while legislative or regulatory work continues. Law360 reported that Treasury has set out its plans for state stablecoin regime reviews.

Why it matters to investors, and what to watch: on the site.

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Visa, Mastercard, Stripe and Coinbase consortium launches Open USD stablecoin

Thu, 01 Oct 2026 14:28:00 GMT

A new issuer backed by the card networks and the largest payment processors brought a dollar-pegged token to market on Wednesday, entering a stablecoin sector dominated by Tether and Circle.

A consortium backed by Stripe and Visa issued a US dollar-pegged stablecoin on Wednesday, in what Bloomberg described as one of the most significant entries into the market to date. The issuer, Open Standard, launched Open USD on Ethereum, Solana, Base and Tempo, with the token issued by Stripe’s Bridge unit and Coinbase access starting later. Open Standard is backed by Visa, Mastercard, Stripe, Coinbase and Shopify.

Stripe said OUSD on Tempo is now its default stablecoin configuration, and that businesses can use the token across its payments, treasury, payouts and card products. Businesses can hold OUSD directly with Stripe Treasury, spend that balance with stablecoin cards and send OUSD to crypto wallets. PYMNTS framed the launch as an attempt to eliminate currency conversion fees.

Why it matters to investors, and what to watch: on the site.

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Senate report says Iran used Tether’s stablecoin to evade sanctions

Wed, 30 Sep 2026 14:24:00 GMT

Investigators called USDT a significant financial lifeline for Tehran and referred the matter to the Treasury and the Justice Department.

A US Senate report says Tether’s stablecoin has become a significant financial lifeline for Iran and a tool for funding proxy organisations, including Hezbollah. Senator Richard Blumenthal said the Permanent Subcommittee on Investigations report exposes how Tether and its flagship token have become central to Iran’s shadow banking system, allowing the Iranian government to operate around the banking system. The report says Iran uses Tether as an international payment system to get around sanctions on its banks, and as a means to fund terrorist proxies.

The probe put a figure on the concentration. It found that 87% of Iranian terror-finance wallets primarily used USDT. Portions of that network maintained direct links to the Central Bank of Iran and to accounts tied to the Islamic Revolutionary Guard Corps, and the report accuses Iran of using Tether to procure Shahed drone parts.

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Senate report says Iran leaned on Tether’s stablecoin to move money around sanctions

Tue, 29 Sep 2026 21:22:00 GMT

Investigators for Senate Democrats describe USDT as a financial lifeline for Tehran, and have asked Treasury and the Justice Department to act.

A report by the Senate Permanent Subcommittee on Investigations says Tether and its flagship token have become central to Iran’s shadow banking system, allowing the Iranian government to operate outside the conventional banking network. The report describes the stablecoin as a “significant financial lifeline” for Iran and a tool for funding proxy organisations, including Hezbollah.

The investigators found that 84% of Iran-linked crypto wallets they examined used Tether. The report says Iran uses the token as an international payment system to get around sanctions on its banks, as well as to fund proxies.

Senator Richard Blumenthal has urged the Treasury Department and the Justice Department to respond. He also noted Cantor Fitzgerald’s roughly 5% stake in Tether and the firm’s connection with the family of Commerce Secretary Howard Lutnick.

Why it matters to investors, and what to watch: on the site.

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Senate report calls Tether’s USDT a primary illicit payment system for Iran

Tue, 29 Sep 2026 15:42:00 GMT

A subcommittee investigation found the stablecoin at the centre of Iran’s shadow banking network, and a senator has asked Treasury and the Justice Department to investigate.

A report prepared by the staff of Senator Richard Blumenthal on the Permanent Subcommittee on Investigations described the USDT stablecoin as a primary illicit international payment system for Iran. The document runs to 28 pages. Reuters and the Wall Street Journal reported its central finding, that Iran’s regime has made extensive use of Tether’s stablecoin.

The report says Iran and its regional proxies rely on USDT more than any other cryptocurrency, and that 84 percent of Iran-linked crypto wallets used Tether. Senate Democrats labelled the stablecoin a lifeline for the Iranian government. The Journal reported that a purchase of stolen crypto formed part of an effort by Iran to prop up the rial and to continue selling oil to allies such as China.

Tether said it helped authorities freeze nearly $550 million of Iran-linked USDT during 2026. Blumenthal has urged the Treasury and Justice departments to examine possible sanctions breaches.

Reuters headlined the finding directly, reporting that USDT aids Iranian funding according to the Senate report. The Journal’s account described rampant use of the stablecoin by the Iranian regime.

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Senate report says Iran used Tether’s USDT to move money around sanctions

Mon, 28 Sep 2026 21:25:00 GMT

Senate Democrats say most Iran-linked sanctioned wallets ran on the largest stablecoin, and Tether says it has helped freeze hundreds of millions of dollars.

A Senate investigation found that wallets sanctioned over ties to Iran overwhelmingly dealt in Tether’s USDT stablecoin, according to Senate Democrats. Reuters reported that the token has become a significant financial lifeline for Iran and a tool for funding proxy organisations, including Hezbollah. A Senate subcommittee report said 84% of Iran-linked sanctioned crypto wallets used USDT. IBTimes UK reported the same 84% figure and said records for Hamas, Hezbollah and Houthi networks were treated separately.

Senator Richard Blumenthal, the subcommittee’s ranking Democrat, called on the Treasury and Justice departments to investigate Tether. Unchained reported that Iran and its regional proxies rely on USDT more than any other cryptocurrency, and that the senators say Cantor Fitzgerald owns 5% of Tether. The Wall Street Journal, which reported the investigation’s central finding, noted that the Treasury Department has separately been working on sanctioned wallets.

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Fed proposes two stablecoin rules under the GENIUS Act

Sun, 27 Sep 2026 14:41:00 GMT

The Board would require full reserve backing and capital charges from payment stablecoin issuers, and make supervised banks seek approval before issuing through subsidiaries.

The Federal Reserve Board proposed two rules on 24 September to implement the GENIUS Act for payment stablecoin issuers, and is seeking public comment. The proposals would impose full reserve backing, capital charges and risk-management standards on payment stablecoin issuers and supervised banks. The Board has requested public comment on both.

The first proposal would require Board-supervised payment stablecoin issuers to hold reserve assets against their tokens. The second would require Fed-supervised banks to seek approval to issue payment stablecoins through subsidiaries, and also sets out redemption rules. With Congress stalled, the Board opened a 90-day comment period on the reserve requirement.

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Bitget halts withdrawals after a hack the exchange blames on North Korea

Sat, 26 Sep 2026 14:27:00 GMT

Reported losses range from $350 million to $387.5 million, and only about $318,000 has been frozen.

The crypto exchange Bitget paused customer withdrawals after a hack, with Reuters reporting $350 million stolen. Bitget suspects North Korea is responsible, in an account that sizes the theft at $352 million. Other reports put the figure at more than $351 million and at $351.6 million, while two accounts describe $387.5 million as the amount involved.

Recovery so far is marginal. Circle and Tether froze about $318,000 in USDC and USDT linked to the hack, blocking a wallet tied to the theft. Binance co-founder Changpeng Zhao offered public support to Bitget, posting on X that Binance and the BNB Chain ecosystem would help. Reuters set the episode against the failure of the exchange FTX in 2022.

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US prosecutors seize bank accounts of a payments firm handling Tether flows

Fri, 25 Sep 2026 21:22:00 GMT

The seizure at a Caribbean lender has left funds belonging to the world’s largest stablecoin issuer stuck, and the reported size of the action differs between accounts.

US federal prosecutors have seized bank accounts belonging to Capstone, a payments business working on behalf of stablecoin issuer Tether and an affiliated company. Capstone was allegedly processing Tether-related wire transfers on behalf of the Caribbean bank EQIBank.

The reported size of the action is not consistent. One account put the Justice Department’s seizure at $90 million from EQIBank accounts. Others described it as an $89 million asset seizure. Tether said the funds were taken from a lender seized by US authorities on Thursday.

Tether has moved to contain the read-across. The issuer said it has very little exposure to the lender, and put its own exposure at under $64 million, a fraction of its reserves. It said any impact on overall reserves would be limited, while acknowledging that the amount ultimately recoverable could depend on the outcome of proceedings. Tether is the world’s largest stablecoin issuer, and its USDT token is designed always to be worth one US dollar, a promise it keeps by holding reserves.

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SoftBank sells the largest high-yield bond on record to fund its OpenAI stake

Fri, 25 Sep 2026 14:26:00 GMT

The group raised 11.1 billion dollars in dollar and euro bonds to pay for the final tranche of an investment it has now committed 64.6 billion dollars to.

SoftBank Group raised 11.1 billion dollars in dollar-denominated and euro-denominated bonds to fund the final stage of its OpenAI investment, in the largest high-yield sale of its kind. Reporting described it as the biggest junk bond sale yet and as the world’s biggest high-yield corporate bond sale. Another account framed it as a record Asia-Pacific high-yield bond sale. In yen terms the issue was 1.76 trillion yen.

The proceeds go to a commitment already made. SoftBank has committed 64.6 billion dollars to the maker of ChatGPT. Borrowing costs on the deal topped anything founder Masayoshi Son has previously paid on dollar debt. The figures are the more striking because SoftBank does not carry an investment-grade rating.

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The Fed proposes its stablecoin rulebook under the GENIUS Act

Thu, 24 Sep 2026 21:20:00 GMT

The Federal Reserve Board issued two proposals covering payment stablecoin issuers it would supervise, setting out reserve composition and capital requirements and opening them for public comment.

The Federal Reserve Board requested public comment on two proposals establishing a regulatory framework for Board-supervised payment stablecoin issuers under the GENIUS Act. Reuters reported the step plainly: the United States Federal Reserve has proposed new stablecoin rules.

Forkast dated the release, reporting that on September 24, 2026 the Federal Reserve released two Notices of Proposed Rulemaking for Board-supervised payment stablecoin issuers, and noted that the Treasury had acted in August. Forth reported that the notices are part of the Board’s broader effort to regulate stablecoins under the new legislation and that the Fed is seeking public input.

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Treasury weighs a public-private push to spread dollar stablecoins abroad

Thu, 24 Sep 2026 14:23:00 GMT

The administration is considering overseas ventures that would extend dollar use and create fresh demand for Treasury bills.

The United States is weighing an initiative to promote dollar-backed stablecoins abroad, Bloomberg reported. The approach would create a government partnership with private companies to support stablecoin ventures overseas, with the Treasury Department involved. InvestingLive described the structure as joint ventures to push dollar stablecoins overseas.

The stated aim is twofold. CoinDesk reported that the plan is meant to boost the dollar’s dominance and source demand for US Treasury notes. Crypto.news reported officials weighing overseas dollar-stablecoin projects that could extend dollar use and create additional demand for Treasury bills. The Defiant reported that the work is proceeding as Treasury continues implementing the GENIUS Act.

Several outlets carried the same account. CoinMarketCap and Crypto.news both described the US weighing an overseas push for dollar-backed stablecoins, while The Defiant and InvestingLive reported it as a Bloomberg story.

Why it matters to investors, and what to watch: on the site.

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ECB Asks Brussels to Scrap the MiCA Reserve Rule That Kept Tether Out of the EU

Wed, 23 Sep 2026 14:21:00 GMT

Europe’s central banks want the bank-deposit floors for stablecoin reserves removed, endorsing a risk argument Tether first made two years ago.

The European Central Bank and the national central banks of the European System of Central Banks have asked for changes to the bloc’s crypto rulebook. They propose removing MiCA’s 30 per cent and 60 per cent bank deposit reserve requirement and allowing highly liquid assets such as Treasury holdings instead. The ECB and ESCB also want stricter MiCA enforcement, new liquidity rules for stablecoin reserves and centralised supervision of crypto firms operating in the bloc, and have pushed for a broader ban on stablecoin rewards.

The reserve proposal lands on the same point Tether has objected to. Chief executive Paolo Ardoino said the company will not apply for an EU MiCA licence because of the requirement that major stablecoin issuers hold at least 60 per cent of their reserves in bank deposits. European central banks are now seeking removal of the rule nearly two years after Tether raised concerns about it, echoing a reserve-risk warning the company made in 2024.

Why it matters to investors, and what to watch: on the site.

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ECB and EU Central Banks Push to Scrap MiCA’s Stablecoin Deposit Rule

Tue, 22 Sep 2026 21:21:00 GMT

Europe’s central banks want the requirement that large issuers hold most reserves in commercial bank deposits deleted from the bloc’s crypto rulebook.

The European Central Bank and the European Union’s national central banks oppose the stablecoin bank deposit rule. They have suggested dropping the stablecoin deposits requirement. Europe’s central banks want Brussels to delete a MiCA rule on stablecoin reserves that forces large issuers to keep 60 percent of that money in commercial bank deposits. The ECB and EU central banks want MiCA’s 30 percent and 60 percent deposit floors removed.

The European System of Central Banks, composed of the ECB and the central banks of 27 countries, argues that these requirements could leave banks exposed.

Why it matters to investors, and what to watch: on the site.

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Bitcoin tops $85,000 for the first time since January

Tue, 22 Sep 2026 14:20:00 GMT

Crypto rallied into a hawkish Federal Reserve and a failed US market-structure bill, with ETF flows turning positive and short positions liquidated.

Bitcoin topped $85,000, its highest level since January, briefly trading at $85,229. Bloomberg reported the cryptocurrency reaching an eight-month high, climbing as much as 6.5 percent to $86,331 in New York. CryptoPotato reported the same milestone. AdvisorHub reported bitcoin jumping to over $84,800 after ETF flows turned positive.

The American Bazaar reported that $648 million in short bets were liquidated as bitcoin hit $85,000. Smaller digital assets gained more: AdvisorHub noted Dogecoin jumping as much as 14 percent, and CoinDesk reported DOGE rising more than 15 percent to just above 10 cents on Tuesday, with bitcoin steady above $85,000.

Why it matters to investors, and what to watch: on the site.

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The ECB Opens a Central Bank Settlement Rail for Tokenised Assets

Tue, 22 Sep 2026 03:18:00 GMT

Pontes went live on Monday, letting eurozone banks settle tokenised securities in central bank money rather than in private tokens.

The European Central Bank went live with Pontes, its solution to settle digital assets using central bank money in wholesale markets. The platform gives institutions a new route for settling tokenised financial assets in central bank money, and lets eurozone banks settle trades involving tokenised assets. The Eurosystem launched it on Monday.

The design point is that settlement happens in reserves held at the central bank itself. Coverage describes the launch as a payment bridge between Europe’s established banking system and emerging blockchain-based financial markets, and as the central bank connecting tokenised assets to central bank money. One account calls it a digital assets leap for the European Union, and a new system designed to let banks settle tokenised assets using central bank money.

Why it matters to investors, and what to watch: on the site.

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Bitcoin tops $85,000 as a four-day oil slide lifts risk assets

Mon, 21 Sep 2026 14:28:00 GMT

The move extends a rally that ran through the Federal Reserve’s rate rise, with quoted prices varying widely across the session.

Bitcoin rose above $85,000 on Monday as the rally of the past few days continued. One report tied the move to a four-day oil slide lifting risk assets, with bitcoin topping $84,000. Another described an eight-month high above $84K with altcoins posting large gains, and noted that the rebound came despite escalating tension in the Middle East and on the Russia and Ukraine front.

Quoted levels varied through the session. CoinDesk had bitcoin above $81,000 while NEAR jumped 23 per cent on Zcash swap traffic. A technical note described bitcoin testing $82000 for a third time. Before last week’s Fed decision, bitcoin had held around $77000 while traders priced in 90 per cent odds of a September rate hike.

Why it matters to investors, and what to watch: on the site.

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Crypto’s market-structure bill dies in the Senate as the industry turns on itself

Sun, 20 Sep 2026 21:12:00 GMT

The CLARITY Act failed by a single vote, leaving digital-asset rules to the SEC and the CFTC under authority they already hold.

The CLARITY Act failed in the US Senate by 49 votes to 50, shifting crypto policy from Congress to two federal agencies acting under existing authority. The immediate cause named in one account was a dispute over stablecoin rewards, which hardened partisan divides ahead of the midterm elections.

The bill had been the industry’s principal legislative vehicle, and it died with the midterm elections approaching. The Wall Street Journal reported that Coinbase chief executive Brian Armstrong exercised de-facto veto power over key provisions of the bill, repeatedly opposing them. Seeking Alpha described the regulation push collapsing as industry infighting sapped support, with Armstrong among the most influential figures in the debate and a frequent visitor to Washington. Armstrong disputed that account, saying his company backed the revised bill once its concerns were addressed. Anthony Scaramucci defended him, arguing that no one had worked harder on the effort.

Why it matters to investors, and what to watch: on the site.

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With the CLARITY Act blocked, the CFTC sends crypto rules to the White House

Sat, 19 Sep 2026 14:12:00 GMT

Market structure for digital assets is now being written by an agency after the Senate stalled the bill.

The Commodity Futures Trading Commission has filed crypto asset rulemaking with the White House, pressing ahead without Congress. Bloomberg Law reported that the commission is delivering on its promise to move swiftly on crypto rules after the bill failed. The proposals are framed around crypto asset transactions and crypto asset markets, and would cover crypto asset trading on a leveraged or margined basis under purpose-fit rules and CFTC oversight.

The trigger was a Senate defeat. The CLARITY Act fell on a cloture vote of 49 to 50. Coinbase chief executive Brian Armstrong said the Wall Street Journal is preparing a story blaming him for that defeat, and he has denied responsibility, citing political divisions, ethics concerns and unresolved issues.

Why it matters to investors, and what to watch: on the site.

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Lagarde personally pressed Greece to block Binance’s EU licence, the Journal reports

Fri, 18 Sep 2026 21:16:00 GMT

The ECB president intervened against an application that would have given the exchange passporting rights across the bloc, according to the Wall Street Journal.

The Wall Street Journal reported that European Central Bank President Christine Lagarde helped block Binance’s attempt to establish a foothold in Europe. Citing sources, the Journal said a senior Greek regulator told Binance that the ECB chief had weighed in against the application. Other outlets summarising the report said Lagarde pressured Greece to block the licence on the basis of the exchange’s past compliance record.

The licence at stake was not a local one. FinanceFeeds described the application as a bid for a bloc-wide authorisation covering 27 states, and reported that the message conveyed was that Binance was not welcome in Europe. Binance had established a local entity, Binance Greece, to anchor its application.

Why it matters to investors, and what to watch: on the site.

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US sanctions the bitcoin exchange behind Iran’s Strait of Hormuz toll booth

Fri, 18 Sep 2026 21:16:00 GMT

The Treasury says an Iranian exchange moved payments for the authority that charges tankers to cross the strait, and that foreign firms dealing with it now face secondary sanctions.

The US Treasury sanctioned the Iranian digital asset exchange Bitbank, its software developer Pishtaz Simorgh Electronic Trade Company and three other parties. The Treasury said the action was taken over bitcoin transfers to the Islamic Revolutionary Guard Corps. It also designated the Iranian financier Babak Zanjani and his software firm; most of the assets frozen at the time of an earlier action were Tether stablecoins.

The link to the war is the toll booth. The Treasury said the Hormuz Safe Marine Services Authority, itself already under sanction by the Office of Foreign Assets Control, has used BitBank since June to transfer payments it collects. CoinDesk reported that Iran has spent this year charging tankers between $1 million and $2 million to cross the Strait of Hormuz, and that the Treasury traced those receipts through the exchange. Treasury Secretary Scott Bessent said efforts to finance the Iranian regime through cryptocurrency were not beyond the reach of the sanctions office.

Why it matters to investors, and what to watch: on the site.

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SEC opens a tokenised-stock exemption after the crypto bill stalls

Fri, 18 Sep 2026 14:23:00 GMT

With the Digital Asset Market Clarity Act blocked in the Senate, the SEC and CFTC say they will write crypto rules under existing authority, and JPMorgan warns those rules may not hold.

The Digital Asset Market Clarity Act failed to advance in the US Senate. Two days later, Coinbase chief executive Brian Armstrong said he was moving past the bill’s failure, telling an interviewer “there’s another path”.

The US securities regulator then rolled out a five-year exemption for tokenized stock trading, freeing the activity from many of the rules that apply to the Nasdaq and the NYSE. DeFi Rate described the measure as an innovation exemption issued as the CLARITY Act failed. Bloomberg reported that the plan is part of the SEC’s efforts to open up crypto trading in the US, and framed it as crypto finding a way around the will of Congress. CFTC Chairman Michael Selig said his agency is ready to ship crypto rules under existing authority. Armstrong responded “Go time” after the two agencies pledged to write crypto rules independently following the failed vote.

Why it matters to investors, and what to watch: on the site.

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CLARITY Act dies in the Senate and the agencies say they will write the rules anyway

Thu, 17 Sep 2026 21:13:00 GMT

Crypto market-structure legislation failed by one vote, and the SEC and CFTC immediately said they would act without Congress.

The Digital Asset Market Clarity Act failed to advance in the US Senate. Senate Republicans could not pass a key procedural vote, and the margin was 49 to 50. Coverage described it as another setback for the administration’s programme and as the bill stalling on ethics and stablecoin roadblocks.

The regulators did not wait. The SEC and CFTC pledged to write crypto rules independently following the failed vote, and both signalled swift rulemaking. Coinbase chief executive Brian Armstrong posted “The CFTC and SEC are stepping up. Go time” on Sept. 16 and has called on the agencies to act. Within a day the securities regulator rolled out a five-year exemption for tokenized stock trading, lifting it from many of the rules that apply elsewhere.

Why it matters to investors, and what to watch: on the site.

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CLARITY Act dies in the Senate, pushing crypto rulemaking back to the agencies

Thu, 17 Sep 2026 14:14:00 GMT

A 49 to 50 procedural vote sank the industry’s main legislative bet, and the SEC and CFTC now hold the pen.

The US Senate voted 49 to 50 against advancing the CLARITY Act, the bill intended to set market-structure rules for digital assets. Reuters described the defeat as a demonstration of the limits of the industry’s political machine. Semafor quoted a lobbyist saying the money the industry spent on lobbying firms for such a staggering defeat would have been better spent curing cancer.

Prices moved with the vote. Bitcoin had its worst day since June. Ethereum fell to 2,400 dollars and is testing its last major support. Coinbase shares sank 10 per cent.

Why it matters to investors, and what to watch: on the site.

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Sanctioned oil money and the stablecoin rails it runs on

Wed, 16 Sep 2026 21:12:00 GMT

Prosecutors are seeking forfeiture of $61 million in crypto tied to Iranian oil sales, in a case that puts a stablecoin issuer and an exchange at the centre of sanctions enforcement.

The United States is seeking forfeiture of $61 million in cryptocurrency linked to Iranian oil sales. According to the complaint, the government of Iran used a network of cryptocurrency actors in China and elsewhere to launder proceeds. The complaint describes value moving through cryptocurrency including via US-based issuers, with clients among companies in China’s petroleum sector.

The case draws in two of the largest names in the sector. It converges a $1.5 billion Iran oil network with Tether and Binance, and the Department of Justice says oil proceeds were laundered on Binance. Binance paid a $4.3 billion fine to resolve an earlier probe, and co-founder Changpeng Zhao pleaded guilty to violating banking laws and served four months.

Why it matters to investors, and what to watch: on the site.

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Senate blocks the CLARITY Act and crypto assets fall

Wed, 16 Sep 2026 14:13:00 GMT

The industry’s top legislative priority failed to advance, sending bitcoin and listed crypto intermediaries lower.

The US Senate failed to advance the CLARITY Act, collapsing the crypto industry’s main legislative push. Bitcoin and crypto-related stocks remained lower after the vote. One account put bitcoin below $76,000; another reported it tumbling below $75,000.

Several senators who had backed the GENIUS Act stablecoin legislation broke against CLARITY, according to research cited after the vote. Democrats voted the bill down citing ethics concerns and the president’s crypto wealth, including World Liberty Financial, which is run by his sons.

Why it matters to investors, and what to watch: on the site.

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CLARITY Act Stalls in the Senate, Sending Coinbase and Circle Lower

Tue, 15 Sep 2026 21:14:00 GMT

The crypto industry’s top legislative priority failed its procedural vote, and the shares that had priced in regulatory clarity fell with it.

The Senate blocked the cryptocurrency regulation bill as Democrats pushed back over President Trump’s crypto investments. The procedural vote to advance the measure to the Senate floor did not carry. Semafor described the outcome as the crypto industry’s top legislative priority imploding, quoting one lobbyist who said the money spent on lobbying firms for such a staggering defeat would have been better spent curing cancer.

Markets moved before and after the vote. Coinbase slid 6% as the odds of passage crashed to 15% just before the Senate acted, then cratered more than 10% following the vote. The setback sent both Coinbase and Circle shares lower, and bitcoin and crypto equities slipped as hopes for progress faded.

Why it matters to investors, and what to watch: on the site.

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Senate Votes on CLARITY Act as Banks Fight Stablecoin Reward Rules

Tue, 15 Sep 2026 14:13:00 GMT

A cloture vote needing 60 votes will decide whether the biggest US crypto bill advances, with community banks and the Treasury fighting over stablecoin yield.

The US Senate is set to vote on Tuesday on whether to advance once-in-a-generation cryptocurrency legislation, moving forward a bill that would create a new regulatory framework for the asset class. The CLARITY Act faces a crucial Sept. 15 cloture vote requiring 60 votes, with disputes over crypto ethics and stablecoin rewards still unresolved.

The fight that has escalated late is over stablecoin rewards and how they compete with bank deposits, with Treasury Secretary Scott Bessent defending the approach in a post. The final text keeps transaction-based stablecoin rewards but gives the Treasury an emergency-style mechanism to tighten the rules. It directs the Treasury secretary to restrict rewards if stablecoin activity causes deposit flight from community banks on a substantial scale.

That compromise has not settled the politics. Multiple Republican lawmakers, including Senator John Cornyn of Texas, have indicated they could take the banks’ side by voting no, while Democrats push back over the president’s own crypto investments.

Why it matters to investors, and what to watch: on the site.

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Crypto market structure bill faces a make-or-break Senate vote

Mon, 14 Sep 2026 21:11:00 GMT

The CLARITY Act reaches a cloture vote on Tuesday after Republicans added ethics language Trump accepted and a compromise on stablecoin yield that banks are still fighting.

Senate Republicans released new text of the CLARITY Act ahead of a critical vote, and the bill faces a make-or-break Senate vote on Tuesday as the crypto industry pushes for passage. The procedural test is a cloture vote requiring 60 votes. The final draft runs to 635 pages.

Two changes got it there. Trump agreed to new ethics rules to move the bill across the line, according to Republicans, and one account said the odds rose after he approved the new ethics provisions. Separately, the bill now includes a compromise on stablecoin yield aimed at appeasing banking interests, directing the Treasury secretary to restrict rewards if stablecoin activity causes deposit flight from community banks on a substantial scale. Treasury Secretary Scott Bessent posted support for the final draft and defended the approach.

Why it matters to investors, and what to watch: on the site.

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Trump concedes on crypto ethics rules as the Senate heads for a CLARITY Act vote

Mon, 14 Sep 2026 14:23:00 GMT

The revised draft hands Treasury a stablecoin circuit breaker and gives state attorneys general new enforcement powers.

President Trump has agreed to a significant portion of a stringent ethics proposal that forms part of a broader cryptocurrency bill headed for the Senate, Republican senators said. Senate Republicans released what The Block called a final Clarity Act draft as Trump accepted most of the ethics provisions. That proposal could, in theory, force Trump to divest from ventures such as World Liberty Financial, the cryptocurrency venture his sons launched.

The draft also touches the USD1 stablecoin and the TRUMP memecoin. Democrats want the ethics language stronger and aimed at the Trump family’s World Liberty Financial holdings, with a bipartisan counterproposal having circulated in late July.

Why it matters to investors, and what to watch: on the site.

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Ripple pitches its RLUSD stablecoin at the corporate treasury market

Sun, 13 Sep 2026 21:12:00 GMT

The token’s supply has passed $2.4 billion as Ripple aims it at company cash management rather than trading.

Ripple is positioning its RLUSD stablecoin at the corporate treasury market, with supply reported to have topped $2.4 billion and the token holding near a $2.4 billion market value. The company’s stablecoin chief, Jack McDonald, identified the Ripple Treasury business, built from the $1 billion acquisition of GTreasury, as the route into that market, and is reported as expecting the treasury-management business to connect to the stablecoin. Coverage of his remarks, sourced to CoinDesk, frames the addressable market as a $13 trillion corporate treasury opportunity.

The reported size of Ripple’s existing flow does not agree across outlets. One account says Ripple Treasury clients process approximately $1.3 trillion in transactions annually; another puts the same figure at approximately $13 trillion. That is a tenfold difference in the base on which the pitch rests, and neither account reconciles it. Mechanically, the token is in motion: Ripple minted $14.4 million of RLUSD on the XRP Ledger after $25 million in burns elsewhere, moving tens of millions of dollars between the XRP Ledger and Ethereum. On regulation, RLUSD holds a New York state trust charter with segregated reserves plus a conditionally approved federal charter from the Office of the Comptroller of the Currency, pending final conditions, and Ripple has published a breakdown of how stablecoin licences differ in their reserve and oversight requirements as institutions evaluate the token for payments, settlement and treasury operations.

Why it matters to investors, and what to watch: on the site.

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Senate heads for a test vote on the CLARITY Act crypto bill

Sun, 13 Sep 2026 14:13:00 GMT

A procedural vote on Tuesday will show whether the market-structure bill dividing SEC and CFTC authority can clear the Senate.

The Senate is preparing a key test vote on landmark cryptocurrency legislation, Fox News chief congressional correspondent Chad Pergram reported. President Trump met advisers to discuss ethics provisions in the Crypto Market Structure Act, known as the CLARITY Act, ahead of the Senate’s procedural vote next Tuesday, which will determine whether the bill advances. Separate reporting pointed to legislation scheduled for the sixteenth of September that also touches crypto tax treatment.

The bill’s core function is jurisdictional. Congress would provide a durable division of authority between the Securities and Exchange Commission and the Commodity Futures Trading Commission. Grayscale argued that United States crypto rules can advance without the CLARITY Act, noting that stablecoin legislation has already passed while SEC fundraising rules remain at the proposal stage. Coinbase chief executive Brian Armstrong has said the bill is ready for a vote.

Why it matters to investors, and what to watch: on the site.

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