News linked to this event type.
The Fed Vice Chair and several voting members signaled a preference for watching and waiting, significantly cooling market expectations for continued rate hikes in October. The path of future monetary policy will depend on the performance of subsequent nonfarm payrolls and price data.
the International Monetary Fund has approved an immediate disbursement of $139 million to El Salvador, following the completion of the second and third reviews of its $14 billion Extended Fund Facility. The institution granted a waiver for El Salvador's failure to meet performance criteria related to Bitcoin holdings, stating that the country has taken corrective measures and reaffirmed its commitments; documents provided by El Salvador show that the Bitcoin added after the first review came from private donations rather than public funds. The IMF stated that El Salvador's economic performance has exceeded expectations, and that progress has been made in anti-money laundering efforts, fiscal transparency, and the transfer of majority ownership and control of the state-owned digital wallet Chivo to a private operator.
Dallas Fed President Logan stated that the Federal Reserve's policy stance has drifted off track, recommending rate hikes of at least 50 basis points to combat inflation. Logan noted that several more rate increases are necessary to offset last fall's rate cuts, emphasizing that the moderately restrictive interest rate level remains uncertain.
Federal Reserve official Logan made hawkish remarks, noting that the current policy stance is off track and arguing that the FOMC should raise rates by at least 50 basis points. He emphasized that only by raising interest rates can inflation be pushed back down to the 2% target.
The SEC has proposed a new rule establishing a compliance pathway for crypto asset custody for investment advisers and funds, allowing self-custody under specific conditions and opening a 60-day public comment period.
More than 50,000 European citizens have signed a joint petition urging the EU to relax restrictions on stablecoin revenue distribution during the MiCA review period, advocating for the introduction of compliant profit-sharing mechanisms to enhance market competitiveness.
Fed Governor Bowman will deliver a public speech in ten minutes, with markets closely monitoring her monetary policy stance and macroeconomic outlook.
Odaily News: New refund rules for crypto ATM operators in the U.S. state of Alabama took effect on October 1. Eligible new users can receive a full refund of the transaction amount and fees, while existing users can receive a refund of half the transaction amount plus fees.New user eligibility covers the first crypto ATM transaction and the following 30 days. Within 60 calendar days after a disputed payment, the operator, law enforcement agencies, and the Alabama Securities Commission (ASC) must be notified, and a fraud report must be submitted.The daily and monthly transaction limits for new users are $1,000 and $10,000, respectively, while the daily limit for existing users is $10,500. Operators must also disclose fees, crypto and U.S. dollar amounts, and exchange rate information; U.S.-headquartered operators must provide round-the-clock domestic U.S. toll-free customer service.Federal Bureau of Investigation (FBI) records show that in 2025, Alabama had 177 fraud complaints involving crypto ATMs, with reported losses of nearly $3 million; during the same period, there were 13,460 related complaints nationwide, with losses of nearly $389 million. (Bitcoin.com News)
Federal Reserve Vice Chair Jefferson stated that the Federal Reserve may need more time to evaluate before making the next interest rate decision. This remark underscores the cautious stance of the current monetary policy path.
Federal Reserve Vice Chair Jefferson will deliver public remarks in ten minutes, with markets closely focusing on his latest comments regarding monetary policy and the macro economy.
Odaily reports: Bitcoin News posted on X that the U.S. Congressional Research Service noted in a new report that since 2017, as presidential administrations have changed, federal regulators have repeatedly shifted their positions on whether banks can engage in crypto business.The report states that Congress could clarify through legislation which specific activities are permitted or restricted, in order to reduce the repeated shifts in regulatory positions. The report mentions the CLARITY Act: the version passed by the House would allow banks to use digital assets or blockchain for activities already permitted under existing law; the version reported by the Senate committee would explicitly permit 11 categories of crypto activities, including allowing banks to underwrite and trade digital assets more broadly.
Odaily News: The New York State Department of Financial Services and the Wyoming Division of Banking have signed a memorandum of understanding to coordinate licensing reviews, examinations, and potential enforcement actions for crypto companies operating across state lines.Under the agreement, the two parties will share analytical findings, historical examination data, regulatory reports, and market trend data, coordinate examination schedules, and may conduct joint examinations of companies operating in both states.Companies that have held a license or charter in one state for at least 3 years without enforcement action may receive expedited review when applying for approval in the other state, with the second regulator aiming to make a decision within 6 months. The two parties may also take joint, coordinated, or separate enforcement actions. (Cointelegraph)
The New York State Department of Financial Services (NYDFS) and the Wyoming Department of Banking have signed a memorandum of understanding to coordinate the regulation of cryptocurrency companies through information sharing and accelerated review processes.
Odaily News — According to monitoring by Drift Foundation, DFX claims and redemption are now live. Users with verified losses from the April 1 incident can claim 1 DFX per 1 USDT lost. Each DFX corresponds to a claim on the Recovery Pool, which currently holds approximately 3.11 million USDT. The funding sources include a portion of Velocity's daily protocol net revenue, up to 127.5 million USDT in matching funds from Tether, up to 20 million USDT from strategic partners, and assets recovered subsequently.DFX can be redeemed for USDT at a redemption amount calculated as "Recovery Pool balance ÷ DFX outstanding supply." Redeemed DFX will be burned, and transactions are irreversible. The claims window will close on January 1, 2028, at 00:00 UTC, at which point unclaimed DFX will be burned.Yesterday, Drift Foundation released an update on fund recovery efforts related to the April 1 security incident, in which approximately $295 million in user assets were stolen. The Foundation has engaged Mandiant, zeroShadow, and SEAL 911 to conduct investigations and trace funds, with Mandiant identifying the attacker as North Korean threat group UNC6862.
HPC recommends that the EU adjust MiCA based on the existing financial regulatory framework, and advocates bringing on-chain perpetual contracts under MiFID II regulation.
EIP-8363 co-proposer Jérôme de Tychey announced the withdrawal of the application to include the proposal in the Hegotá hard fork, with related discussions on issuance policy shifting to a standalone topic.
Odaily News: The European Securities and Markets Authority (ESMA) and regulators in France, Germany, and Greece are reviewing Binance's practice of using the reverse solicitation exemption under the Markets in Crypto-Assets Regulation (MiCA) to provide services to certain EU clients without authorization. The exemption applies only when clients approach a non-EU crypto asset service provider entirely on their own initiative.Binance withdrew its MiCA authorization application in Greece in June and stated it would apply for authorization in another EU member state. ESMA recently called for strengthened enforcement powers against non-EU companies that solicit European investors without MiCA authorization, in order to enhance consistency in EU regulatory actions. (Cointelegraph)
According to Tech.eu, venture capital giant DIG Ventures has announced that its third fund has raised $120 million. Backed by Horsley Bridge, Sofina, Granite, and an endowment fund from a top U.S. university among other institutions, the fund will invest in AI-native enterprise software and cloud infrastructure startups at the Pre-seed and seed stages. Its investment focus covers infrastructure areas supporting AI-native enterprise software development, such as data, identity authentication, compliance, and orchestration. The fund plans to lead most investment rounds and has already begun deploying capital.
SlowMist founder Yu Xian stated that MetaMask Staking preemptively exited from the Lido validator set following an investigation into an infrastructure breach. Issues of this nature with staking nodes generally do not affect the ETH principal, but may impact staking rewards.
Lido stated that MetaMask Staking has taken precautionary measures and exited its operated Lido Ethereum validators following an investigation into an infrastructure intrusion incident, with the related ETH expected to gradually return to the protocol over a period of up to approximately 45 days.