Latest news

22:41 Court

DOJ Seizes Xinbi Telegram Marketplace and Restrains $52 Million in Crypto

DOJ seizes Xinbi Telegram scam marketplace, restrains $52M in crypto The Justice Department’s Scam Center Strike Force and Treasury took down Xinbi Guarantee, a Chinese-language Telegram marketplace that prosecutors say sold services to scam-center operators, including fraud website building, money laundering and victim recruitment. A federal court authorized the channel seizure on Sept. 7, and OFAC also designated Xinbi and two alleged backers the same day, while the operation pushed the Strike Force’s total restrained crypto to about $938 million.

22:11 Regulation

Republican Senators Press Senate to Advance Clarity Act in Sept. 15 Procedural Vote

Republicans push Senate to advance Clarity Act on Sept. 15 Republican senators are urging the Senate to back a Sept. 15 procedural vote to move the Clarity Act forward, arguing the US needs a crypto regulatory framework before innovation shifts overseas. Sen. Dave McCormick said the chamber has discussed the bill long enough, while Sen. Bernie Moreno said blocking the motion would leave the industry in uncertainty despite the measure’s bipartisan support, committee approval, and House passage.

17:25 Security

Solana Mobile Suspends Brevo Marketing Account After Unauthorized Access

Solana Mobile disables marketing email account after Brevo breach Solana Mobile said it found unauthorized access to its Brevo marketing email account and suspended it as Brevo investigates a wider breach tied to a SAML SSO vulnerability. Brevo said 138 customer accounts were affected overall: six were used to send phishing emails, 43 had contacts exported, and 93 showed no meaningful activity. Solana Mobile said it is still verifying the scope and knows of no emails sent from its account.

16:26 Security

Symbiosis Pauses BTC Bridge After Exploit Minted Billions in Unbacked syBTC

Symbiosis halts BTC bridge after syBTC mint exploit Symbiosis paused BTC routes after an attacker exploited its BTC Bridge at about 04:28 UTC on Sep. 11, minting roughly 2^62 raw syBTC — about 46.1 billion at face value — and cashing out around $336,000 in WBTC, Blockaid said. Symbiosis said other routes remain operational, it has recovered about 15 BTC to a team-controlled multisig, and is offering the attacker a 20% white-hat bounty until Sep. 13, 2026.

15:55 Security

Mexico Seizes 300 GPUs at Puebla Site in Probe of Suspected Illegal Crypto Mining

Mexican authorities seize 300 GPUs at suspected illegal Puebla crypto farm Mexican authorities seized about 300 GPUs from a suspected illicit crypto mining site in Puebla as they investigate possible electricity theft and money laundering. Officials said the remote property also contained 80 medium-voltage terminals, eight satellite antennas and a transformer, and described it as the fourth similar mining operation found near a hydroelectric dam in northern Puebla since early 2025.

14:55 Security

Chainflip says TRON USDT memo exploit caused $736,442 in unauthorized payouts

Chainflip pauses network after $736,442 TRON USDT exploit Chainflip halted operations after an attacker exploited how it processed TRON transaction memos, triggering six unauthorized USDT payouts totaling 736,442.17 USDT from the same deposits. The protocol said the issue was limited to TRON USDT, not TRON, the USDT contract or Tether reserves, and one pending 115,654.41 USDT swap remains in its vault unpaid. Chainflip says it has fixed the bug and plans user compensation, but the network will stay paused until Monday at the earliest.

09:41 Regulation

Brazil Crypto Licensing Rules Could Cut Hundreds of Firms Down to About 10

Brazil crypto licensing rules could leave only 10 firms standing Brazil’s new central bank rules could shrink its crypto sector sharply: of roughly 200 to 300 VASPs operating in the country, only 20 to 25 are seen as able to apply for authorization and just 10 may ultimately win a license. Capital requirements can reach 37.2 million reais ($7.2 million), while added audit, AML/CTF and reporting costs are expected to force consolidation. Firms must apply by Oct. 30 or wind down within 30 days and notify customers.

08:40 Stablecoins

Thailand SEC Seeks 5 Million Baht Daily Cap on Stablecoin Transfers to Private Wallets

Thailand SEC proposes $151,000 daily cap on stablecoin transfers to private wallets Thailand’s SEC has opened a consultation on capping stablecoin deposits and withdrawals involving private wallets or foreign digital asset operators at 5 million baht ($151,000) per customer, per operator, per day. The draft would also require transfers to move only between wallets or accounts verified as belonging to the same customer, with exemptions for transfers between compliant Thai-regulated operators and some businesses, institutions and market makers. Comments are open until Sept. 25.

06:41 Court

US restrains $938 million in scam-linked crypto after action against Xinbi Guarantee

US freezes $938M in scam-linked crypto after Xinbi Telegram crackdown US authorities restrained about $52 million in one day while targeting Xinbi Guarantee, a Telegram-based marketplace Treasury says processed more than $24 billion and was reportedly used by North Korean hackers. The Sept. 9 action pushed the Justice Department Scam Center Strike Force’s total restrained crypto to roughly $938 million; a court also authorized seizure of Xinbi’s Telegram channels and authorities took two wallets holding about $12 million.

04:41 Regulation

South Korea to Publish Crypto Tax Guidelines Before Planned Jan. 1 Launch

South Korea to issue crypto tax guidelines before year-end Lee Hyoung-il, South Korea’s nominee for deputy prime minister and finance minister, said detailed guidelines for virtual asset taxation will be released before year-end ahead of the planned Jan. 1 rollout. He said the current framework treating crypto income as “other income” should stay, arguing it allows a basic deduction and single tax rate while lowering compliance costs and improving fairness with other taxed asset classes.

04:41 Regulation

Lummis Presses Democrats to Back Revised CLARITY Act Ahead of Sept. 15 Senate Vote

Lummis pressures Democrats ahead of Sept. 15 CLARITY Act vote Sen. Cynthia Lummis said Democrats secured more than 100 changes to the revised 630-page CLARITY Act and now “must pass it” ahead of a Sept. 15 Senate cloture vote. The bill still needs about seven Democratic votes to reach the 60-vote threshold, with holdouts focused on unresolved ethics and conflict-of-interest rules for public officials and their spouses.

17:43 ETF & Funds

Bitwise to Close BWOW Dogecoin ETF as DOGE Hovers Near Key $0.08 Support

Bitwise to liquidate Dogecoin ETF BWOW in October Bitwise said it will close and liquidate its Dogecoin ETF, BWOW, less than a year after launch, with the fund’s last trading day on NYSE Arca set for Oct. 14 and remaining cash expected to be paid to shareholders around Oct. 22. The firm said the move is meant to simplify its product lineup, while BWOW had total assets of $690,490 and negative cumulative flows of $1.23 million.

17:41 Court

DOJ’s $225.3M USDT Forfeiture Case Shows Why Seizure Does Not Equal Repayment

DOJ seeks forfeiture of $225.3M in USDT tied to alleged fraud The U.S. Justice Department filed a civil forfeiture complaint on June 18, 2025 against 225,364,961 USDT that prosecutors say is tied to crypto investment fraud and money laundering affecting more than 430 suspected victims. The case shows that freezing or seizing stolen crypto does not equal repayment: ownership claims, tracing disputes and DOJ remission rules still have to determine who, if anyone, gets paid and how much.

17:10 Mining

Police Find 300-GPU Crypto Mining Site Hidden in Puebla’s Sierra Norte

Police uncover 300-GPU crypto mine in Puebla mountains Mexican police found a hidden cryptocurrency mining site with 300 GPU rigs in the Sierra Norte region of Puebla after residents reported constant mechanical noise and unusual power demand. Officials said the farm was illegally connected to the Nuevo Necaxa hydroelectric grid and equipped with a custom transformer and eight Starlink-class satellite antennas; authorities believe organized crime financed it. It is the fourth clandestine mining operation discovered in the area since 2025.

16:11 Stablecoins

Ripple Eyes $13 Trillion Treasury Market as RLUSD Growth Accelerates

Ripple targets corporate treasurers to grow RLUSD Ripple says payments and capital markets are driving adoption of its RLUSD stablecoin, which has grown to a $2.4 billion circulating supply, up more than 50% in the past month. SVP of stablecoins Jack McDonald said Ripple is targeting the roughly 1,200 treasurer and CFO customers of its GTreasury business, which handle about $13 trillion in annual transactions, and plans to bring RLUSD to Europe through a MiCA-compliant dual-issuance structure.

10:42 Regulation

FCA opens five-month application window for UK crypto authorisations ahead of 2027 regime

FCA sets five-month window for UK crypto authorisations The UK Financial Conduct Authority will accept crypto authorisation applications from Sept. 30, 2026, to Feb. 28, 2027 ahead of a new regime due on Oct. 25, 2027. Firms with existing anti-money-laundering registrations or other FCA permissions will still need separate approval for regulated crypto activities, including trading, custody, stablecoins and some staking. Companies that apply on time may be able to keep specified services running while the FCA reviews them.

08:26 Security

Revolut says fake government email led to disclosure of customer and Bitcoin records

Revolut discloses customer records after fake government email request Revolut said it handed over customer data to an unauthorized sender who used an official government agency’s email domain and passed authentication checks, leading the firm to treat the request as genuine. The disclosed records included names, dates of birth, addresses, ID documents, verification selfies, account statements, full transaction histories and Bitcoin wallet reference numbers, according to a customer notice shared by ZachXBT. ZachXBT said the incident appeared limited and may have targeted high-net-worth users.

07:55 Companies

Payward and Latitude drive $151 million crypto funding week

Nasdaq Ventures leads weekly crypto funding with $100M Payward deal Crypto companies disclosed $151 million across five financings for Sep. 5–11, 2026, with Nasdaq Ventures agreeing to invest $100 million in Payward, Kraken’s parent, and Latitude raising a $35 million Series A led by Oak HC/FT. Those two deals made up about 89% of the week’s total, while Antarctic Exchange announced $7 million, RealGo $6 million, and TINA $3 million.

05:55 Security

Symbiosis pauses BTC bridge after exploit creates unbacked syBTC on BNB Chain and Ethereum

Symbiosis halts BTC bridge after exploit mints unbacked syBTC Symbiosis shut down BTC routing on Sept. 11 after an attacker exploited its BridgeV2 contract to mint more than 2^62 syBTC on BNB Chain and Ethereum. The attacker converted only part of that balance into about 4.39 WBTC, or roughly $336,000, while other Symbiosis routes stayed live. The protocol said Bitcoin itself was not compromised.

05:41 Regulation

Canada’s OSFI Says Tokenized Deposits Fall Under Existing Banking Rules

Canada’s OSFI says tokenized deposits are not legally distinct from traditional deposits Canada’s banking regulator has ruled that tokenized deposits should be treated under existing rules, taking a tech-neutral stance that removes a key regulatory hurdle for banks and other financial institutions building onchain payment and operating rails. OSFI said firms remain responsible for compliance, including third-party activities, and should consult supervisors and legal counsel before launching novel products.

00:12 Tokenization

India Starts Tokenized Corporate Bond Pilot With 10.25 Billion Rupees in Initial Deals

India launches tokenized corporate bond pilot with 10.25B rupees in first deals India’s financial authorities have started the Demat 2.0 pilot for tokenized corporate bonds, with REC Ltd., L&T Ltd. and IIFL completing offerings worth a combined 10.25 billion rupees. The DLT-based system is linked to the Reserve Bank of India’s wholesale CBDC for atomic settlement, aiming to speed issuance and settlement, cut operational errors, and later expand from institutional use to secondary trading and retail access.

19:41 DeFi

Compound Foundation launches USDC institutional market with LTVs up to 87%

Compound Foundation launches USDC lending market with up to 87% LTV Compound Foundation has opened an Institutional Market for USDC loans against ETH, wstETH, WBTC and cbBTC, with loan-to-value ratios of up to 87%. Borrowing is open to anyone, while access to 200,000 USDC in supplier rewards requires approval and a 100,000 USDC minimum deposit. The launch is the first product from the $52 million program approved by COMP holders in May and is live under a Foundation multisig that Compound governance cannot revoke.

17:13 Ethereum

Ethereum’s Glamsterdam Upgrade Timeline Faces Pressure From Devnet Bugs

Ethereum’s Glamsterdam upgrade faces test delays Ethereum developers are shifting focus to Glam-Devnet-11 after bugs and instability in earlier tests cast doubt on Glamsterdam’s planned Sepolia launch on Oct. 6 at 13:53 UTC. Devnet-9, launched Sept. 1 with 1,000 validators, is still not finalizing, and developers also found a serious Devnet-8 bug plus an EIP-8037-related issue, leaving a December mainnet launch possible but uncertain.

16:55 ETF & Funds

Canadian XRP ETF Options Gain US Sales Pathway Under S-20 Registration

Canadian XRP ETF options get US sales pathway Filings dated the 9th show the Canadian Derivatives Clearing Corporation registered options tied to the Evolve XRP ETF and Purpose XRP ETF under the US S-20 framework, opening a path to sell the products to US investors. The options have traded on the Montreal Exchange since Jan. 26, 2026, adding a regulated XRP derivatives route for hedging and other strategies.

16:25 Security

Osmosis says 40.65 BTC Nomic exploit went undetected for 74 days

Osmosis uncovers 40.65 BTC Nomic exploit after 74-day delay Osmosis said a Nomic exploit let an attacker double-spend nBTC and mint 40.650602 BTC on Osmosis with no BTC backing, but the issue went unnoticed for 74 days after the June 25 attack. The attacker cashed out about $1 million via 671 ETH sent to Tornado Cash, while 22.65 allBTC was frozen through an emergency upgrade. Osmosis now says allBTC was left 36% unbacked and has proposed using seized funds, halted USDC.noble redeployment, and Community Pool assets to cover the shortfall.

11:56 Regulation

Apple Removes Pump Fun iPhone App in US and India After Stock-Pair Launch

Apple pulls Pump Fun iPhone app from US and India App Stores Apple removed Pump Fun’s iPhone app from the US and India App Stores on Thursday, one day after the memecoin platform launched Custom Pairs that let users create memecoins quoted against tokenized stocks. Pump Fun had promoted 93 such pairs, including tokens linked to Boeing, Costco, and Trump Media; Apple has not commented, while the company says the app is “temporarily unavailable” and existing users’ funds are safe.

09:56 Prediction Markets

New York’s Case Against Kalshi Deepens as CFTC Argues Federal Law Overrides State Rules

New York-Kalshi fight escalates as CFTC backs federal preemption New York has sued prediction market Kalshi for illegal gambling, while the CFTC stepped in with an aggressive court letter arguing federal law overrides state gambling rules and warning against fines that could cripple the company. The clash sharpened after 44 state attorneys general urged the CFTC to stay out of gambling regulation, underscoring that no final binding ruling has yet settled where federal market oversight ends and state gambling law begins.

09:11 Security

Tether says DOJ acknowledged its role in freezing over $52 million tied to Xinbi Guarantee

DOJ freezes $52 million in crypto tied to Xinbi Guarantee Tether said it helped the U.S. Department of Justice freeze more than $52 million in digital assets in a crackdown on Xinbi Guarantee, a Chinese-language online marketplace that authorities say used Telegram to run fraud rings, money-laundering services and investment scams. The DOJ seized about $12 million from two wallets and moved to freeze 47 more tied to alleged laundering activity.

08:11 Stablecoins

Circle to end USDC and CCTP V1 support on Noble by Jan. 12, 2027

Circle to end USDC and CCTP V1 support on Noble by Jan. 12, 2027 Circle will stop new USDC minting on Noble through Circle Mint on Oct. 13, 2026, then pause Noble’s USDC contract and all CCTP V1 routes on Jan. 12, 2027. Burn limits for CCTP V1 transfers from Noble start declining on Oct. 31, and Noble will not be upgraded to CCTP V2, forcing holders and integrators to move funds and remove routes before the shutdown.

07:11 Regulation

Russia makes tax IDs mandatory for crypto depository accounts

Russia makes tax ID mandatory for crypto depository accounts Rosfinmonitoring said clients must provide their INN taxpayer number to open accounts with Russian digital depositories, making it a compulsory identifier for crypto accounts under the country’s new regulated market. The agency said the rule is aimed at anti-money laundering oversight and transaction transparency, while transfers above 60,000 rubles must include more detailed payer and recipient data.

06:55 Market

Raydium Buybacks Accelerate After StonkFun Shifts Launches to LaunchLab

Raydium buybacks jump after StonkFun moves launches to LaunchLab RAY surged 27% in 24 hours and 105% over seven days after Solana launchpad StonkFun routed all new token launches to Raydium’s LaunchLab on Sept. 5, pushing more trading through Raydium pools. The protocol uses 12% of trading fees to buy RAY daily, and spent $640,788 on Sept. 8 in its biggest one-day buyback since February 2025; StonkFun generated $5.88 million in revenue over the past week.

06:41 Tokenization

India settles ₹1,025 crore of tokenized corporate bonds in digital rupee pilot

India issues ₹1,025 crore in tokenized corporate bonds in Demat 2.0 pilot SEBI said India’s Demat 2.0 pilot has completed three tokenized corporate bond deals worth ₹1,025 crore, with settlement in the RBI’s wholesale digital rupee. REC raised ₹500 crore in the first native distributed-ledger corporate bond issuance, Larsen & Toubro issued ₹500 crore, and IIFL sold ₹25 crore, for a total of 23 investors. Later phases will add secondary trading on existing RFQ platforms and retail access.

06:40 Security

Brevo SSO flaw exposed 138 accounts and enabled phishing through Trezor mailing systems

Brevo flaw let attacker access 138 accounts, hit Trezor mailing list Brevo said an authorization flaw in its login system let an attacker access 138 customer accounts by abusing single sign-on permissions, then send phishing emails through six accounts including those used by Trezor, BitBox and CoinTracking. Trezor said the fake email reached about 347,000 subscribers and drove roughly 2,500 clicks to a malicious link before the domain was taken down, and is treating the full newsletter list as potentially exposed.

06:11 Stablecoins

Denmark Central Bank Sees Indirect Risks in Growing U.S. Dollar Stablecoin Market

Denmark central bank flags indirect risks from dollar stablecoin growth Danmarks Nationalbank said stablecoin use in Denmark is still very low and poses no immediate threat to domestic financial stability, but the rapid global growth of U.S. dollar-pegged tokens such as USDT and USDC could expose the country to financial market volatility and liquidity spillovers through global markets and the U.S. system. It added that no krone stablecoin is in circulation and said central bank money should remain the core settlement asset, with work underway alongside the ECB on tokenized payment rails.

06:11 DeFi

Uniswap rolls out StablePair Hook for Ethereum stablecoin pools

Uniswap launches StablePair Hook for Ethereum stablecoin pools Uniswap Labs has launched StablePair Hook on Ethereum with two pools, USDC/USDT and USDC/USDG, after stablecoin swaps on Uniswap hit $43.4 billion in Q2. The hook uses dynamic fees and Dutch auctions to capture value when stable pairs drift from parity, aiming to shift returns from arbitrage bots to liquidity providers instead of relying on static fees.

04:10 Tokenization

Nasdaq Invests $100 Million in Kraken Parent Payward for Tokenized Stock Project

Nasdaq backs Kraken parent Payward with $100M for tokenized stock push Nasdaq’s venture arm invested $100 million in Payward, Kraken’s parent, at a $21 billion valuation as the companies expand plans to launch Nasdaq Equity Tokens in H1 2027. Payward will handle settlement and KYC/AML for the blockchain-based versions of Nasdaq-listed stocks, which are intended to carry the same voting rights as ordinary shares and trade 24/7.

02:58 ETF & Funds

Bitwise to close Dogecoin ETF BWOW after weak inflows and steep decline

Bitwise to liquidate Dogecoin ETF BWOW in October Bitwise will close, delist and liquidate its Dogecoin ETF, BWOW, less than a year after launch, with trading set to stop on Oct. 14, according to an SEC filing. The fund had about $721,815 in assets by Sept. 8 and its cumulative NAV return since inception was -45.37%; Bitwise said the shutdown is part of efforts to “optimize its product range to meet evolving investor needs.” Remaining shares will be redeemed for cash based on NAV as of Oct. 21, with distributions expected around Oct. 22.

02:55 Court

Sam Bankman-Fried Seeks US Supreme Court Review of FTX Fraud Conviction

Sam Bankman-Fried asks US Supreme Court to review FTX fraud conviction FTX co-founder Sam Bankman-Fried filed a petition on Thursday asking the US Supreme Court to review his 2023 fraud conviction, 25-year sentence and $11 billion forfeiture, his lawyer Jeffrey Fisher confirmed. The move comes after the Second Circuit rejected his appeal on June 12; the justices can decline to hear the case, and creditor repayments continue separately from the criminal proceedings.

01:11 Regulation

South Korea Petition to Delay 2027 Crypto Tax Passes 40,000 Signatures

South Korea petition to delay crypto tax draws 40,000 signatures A public petition in South Korea’s National Assembly to postpone virtual-asset taxation by two years has reached 40,363 signatures as of Sept. 11, about 10,000 short of the 50,000 needed to advance. The petition argues the 2027 tax should be delayed to 2029 so authorities can build tax infrastructure and avoid harming a market already seeing investor exits, lower exchange revenue and fund outflows to overseas platforms. If it hits the threshold by Sept. 20, it will go to a relevant Assembly committee for review.

23:25 Regulation

Banca d’Italia Orders Full Sanctions Screening on All PSP and Crypto Transfers

Banca d’Italia tells PSPs and CASPs to screen all transfers for sanctions Banca d’Italia has told payment service providers and crypto asset service providers to keep screening all financial transactions under travel rule-related procedures, with no minimum amount exempt from checks. The guidance calls for onboarding and ongoing monitoring of originators and beneficiaries against designated lists, as Italy pushes tighter controls to stop sanctions evasion, particularly by Russian actors, even if transfers face delays.

21:41 Macro

El Salvador Nears IMF Program Restart After Bitcoin Standoff Softens

El Salvador moves toward IMF bailout restart after Bitcoin dispute eases The IMF reached a staff-level agreement on the second and third reviews of El Salvador’s $1.4 billion program, clearing the way for a $140 million disbursement if the executive board approves. A key hurdle eased after the IMF said new Bitcoin purchases since the first review were funded by private donations, not public money, and noted progress on transferring control of the state-backed Chivo wallet to a private operator.

21:40 Regulation

SEC Seeks to Let Blockchain Ledgers Stand as Official Securities Ownership Records

SEC moves to recognize blockchain ledgers as official securities ownership records The U.S. SEC is moving to revise its rules so blockchain ledgers can serve as the legally effective record of securities ownership, replacing the current dual-record structure used in many tokenized securities. The change could reduce disputes when on-chain records and shareholder registers diverge, but existing rules on identity checks, holding limits and transfer restrictions would stay, and transfer agents would still handle functions such as inheritance and legal notices.

21:29 Regulation

ESMA Says Polymarket and Kalshi Lack Authorization to Offer Event Contracts in the EU

ESMA says Polymarket and Kalshi lack EU authorization The European Securities and Markets Authority said Polymarket and Kalshi do not have the authorization generally required to market and sell event contracts across the EU, and questioned whether the platforms can effectively block users who hide their location with VPNs. ESMA said such contracts may fall under the EU’s binary options ban, MiCA, or national gambling laws, while insider-trading rules apply only if a contract is classed as a financial instrument.

21:28 Regulation

Senate Republicans Revise Clarity Act Before September 15 Procedural Vote

Senate GOP revises Clarity Act to target controlled crypto protocols Senate Republicans released a revised 630-page Clarity Act that would require crypto trading protocols deemed controlled by people or groups — rather than truly decentralized — to register with the CFTC, while narrowing DeFi provisions to spot and cash transactions. Sen. Cynthia Lummis unveiled the draft ahead of a September 15 procedural vote; its ethics rules are largely unchanged from July, and no Democrats reportedly back the bill.

21:26 Security

Liquid restarts block production after exploit-driven 3,996 BTC withdrawal

Liquid resumes block production after $320M withdrawal, keeps transactions frozen Liquid Network has restarted block production after functionary and bridge nodes received an emergency software update, but regular transactions and BTC peg-ins and peg-outs remain suspended while operators monitor the network. The halt followed a roughly 3,996 BTC withdrawal caused by an Elements proof-verification flaw; 3,400 BTC has since been returned, leaving about 598 BTC outside the federation wallet.

20:56 ETF & Funds

Bitwise to Close Dogecoin ETF BWOW After Weak Demand and Asset Outflows

Bitwise to liquidate Dogecoin ETF BWOW after weak demand Bitwise is shutting down its spot Dogecoin ETF, BWOW, less than 10 months after launch, saying it is optimizing its product range as the fund failed to attract assets. BWOW held $721,820 last week, about 6% of the $12.3 million across all three US spot Dogecoin funds, with lifetime net flows of -$1.23 million. Trading ends on October 14, and remaining holders will be paid in cash on October 22 based on the fund’s value the day before.

19:21 Regulation

SEC proposal would let blockchain ledgers serve as official securities ownership records

SEC proposes allowing blockchain ledgers as official ownership records The SEC has proposed letting electronic databases, including blockchain ledgers, serve as the official record of securities ownership, a shift that could replace the parallel offchain shareholder registers used for many tokenized securities today. If adopted, it could cut reconciliation costs and legal uncertainty, but transfer agents would still need to enforce ownership rules and handle core admin tasks; public comments are due in early November.

18:42 Security

Osmosis Plans Backstop After Nomic Bug Left Alloyed BTC 36% Underbacked

Osmosis moves to plug 36% backing gap in Alloyed BTC after Nomic bug A Nomic software flaw on June 25 minted 39.84 unbacked nBTC, leaving Osmosis’s Alloyed BTC 36% undercollateralized for 74 days before it was caught. Osmosis froze Nomic and Alloyed BTC deposits and withdrawals, locked 22.65 BTC tied to the incident, and now plans a governance proposal to seize those assets and use BTC accrued in the community pool to restore full backing.

18:11 Regulation

UK Lords Vote to Require Treasury Digital Asset Strategy in FSM Bill

UK Lords back amendment forcing Treasury to draft digital asset strategy The House of Lords voted 194–138 to add an amendment to the Financial Services and Markets Bill that would require the Treasury to prepare, publish and consult on a digital asset strategy within 12 months of the bill becoming law. The plan would cover cryptoassets, stablecoins, tokenized securities and digital financial infrastructure, despite the Labour government’s opposition. The bill now returns to the House of Commons, which can accept, amend or reject the Lords’ changes.

14:41 Stablecoins

Latitude Secures $35M Series A to Expand Stablecoin Payout Links to Local Rails

Latitude raises $35M Series A for stablecoin-to-local payout network Latitude said Wednesday it raised a $35 million Series A led by Oak HC/FT, with NEA, Coinbase Ventures, Lightspeed Faction and OpenFX participating, to build licences and local payout connections that link stablecoin settlement to domestic payment rails. The company said it holds the permissions itself rather than renting them, and now has 39 money transmission licences, one state registration and five no-action letters.