News linked to this event type.
Odaily reports: Former New York Governor and OKX board member Andrew Cuomo stated that if Democrats win Congress in the midterm elections, the current regulatory progress in the crypto industry could be overturned. He said that stopgap rules formulated by regulators are far more fragile than legislation, and emphasized that "regulation is not legislation."Previously, the Senate voted 49-50 on September 15 to reject the CLARITY Act, which would establish federal rules for the crypto market, falling short of the 60-vote threshold; the SEC granted a five-year exemption for tokenized stock trading on September 17. Andrew Cuomo expects the new Congress to scrutinize such agency rules strictly and hopes that the lame-duck Congress or legislation will be passed before January 1 next year.
Odaily reports: Gemini co-founder Tyler Winklevoss said the current market hype around privacy coin Zcash is reminiscent of the 2019 crypto market, when Bitcoin had just emerged from the 2018 bear market and market attention shifted toward institutional infrastructure and custody.Zcash launched in 2016 and uses zero-knowledge proofs to enable private transactions. It has long faced regulatory scrutiny, and some exchanges have delisted it. According to CoinGecko data, the price of ZEC rose from about $511 in January 2026 to $1,335.51 on September 16. Since receiving approval from New York State in 2018, Gemini has become the first licensed exchange to offer Zcash trading and custody services.
According to CBS Atlanta, Mercedes Henry, a 35-year-old woman from Stone Mountain, Georgia, who formerly worked as a bank teller at Ameris Bank, is charged with, between September and November 2021, without authorization, linking six customers' bank accounts to the cryptocurrency trading platform Coinbase and, in collusion with others, transferring approximately $931,000 into a Coinbase account controlled by her. A federal grand jury has brought multiple charges against her, including bank fraud, access device fraud, and bribery. Henry was arrested on September 25 and appeared in court, and the case continues to be actively investigated by the FBI.
Odaily News: Ripple and Brazil's licensed central securities depository CSD BR have brought Brazilian investment fund records onto the XRP Ledger in a regulated, real-world environment, with the first phase targeting BTG Pactual fund shares. CSD BR uses XRPL as an additional recording and auditing layer, while its own systems retain legal authority over ownership, registration, custody, and settlement, with over 22 trillion Brazilian reais in registered assets under its management. Fund shares are mapped according to the XRPL multi-purpose token standard, allowing authorized institutions to reconcile on-chain and official records in near real time; the two parties did not disclose the specific funds, scale, or trading volume.
According to an official announcement from the UK's Financial Conduct Authority (FCA), the FCA will officially open cryptocurrency company authorization applications starting today, marking a new stage in the regulation of crypto assets in the UK. This regulatory framework covers four core standards: consumer protection, customer asset safeguarding, market integrity, and financial soundness. Crypto companies intending to continue operating in the UK must submit their applications by February 28, 2027, and the new regulatory regime will officially take effect on October 25, 2027. Dominic Cashman, Director of Authorization at the FCA, stated that the UK's new crypto regulatory framework will provide stronger consumer protection and offer businesses a clear operational framework. The FCA is also providing pre-application support meetings and a series of webinars to assist companies in preparing their applications.
Odaily reports: U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins stated that although the CLARITY Act was not passed by Congress, the SEC will still clarify onchain fundraising rules within its statutory authority.The U.S. Senate failed to advance the CLARITY Act on September 15 with a 49-50 vote, falling short of the required 60-vote threshold. Atkins has not yet disclosed what form the relevant guidance will take—whether exemptions, a registration pathway, or staff guidance.The SEC previously paved the way for tokenized stocks on September 17, and on September 25 published nine FAQs explaining the impact of token issuers' commitments on securities determinations. Commissioner Hester Peirce will depart on October 2, leaving the SEC with only two sitting commissioners, Atkins and Mark Uyeda. (Bitcoin.com News)
According to The Block, the Australian Securities and Investments Commission (ASIC) is preparing to regulate digital assets and tokenized custodial platforms under a framework scheduled to take effect in April 2027. The regulator stated that it will issue consultation papers, guidance documents, and draft rules during this period, while monitoring market integrity and risk management.
R25 today announced the official public beta launch of R25 Studio, the core product of its 2.0 architecture.R25 Studio is dedicated to realizing the vision that "anyone can become an asset manager," fully opening up institutional-grade fund setup, operations, and distribution capabilities. By abstracting cumbersome legal documents, back-end systems, and compliance processes into configurable smart contracts, R25 Studio has successfully compressed the fund setup timeline from months to just 10 minutes.The platform is built around four pillars — Build, Manage, Earn, and Distribute — covering Vault creation, subscription and redemption, investment management, fee earning, and distribution. Asset managers no longer need to build complex fund structures from scratch; they can autonomously configure investment parameters, management fees, and performance fee rates onchain, generate dedicated Vault Tokens/Shares, and list their Vaults on channels such as Dapp and Topnod. The platform also provides performance data including NAV, APY, cumulative returns, and maximum drawdown, helping asset managers monitor strategy performance in real time.Previously during the 1.0 phase, Axil launched a private credit Vault on R25 and successfully surpassed $130 million in TVL, validating the reliability of this infrastructure.The application channel for the first batch of managers is now open. (Please click the original link)
According to Chaoxiang research, UBS’s September 28, 2026 report indicates the initiation of coverage on digital asset strategies, projecting the stablecoin market capitalization to reach approximately $1.2 trillion by 2031, alongside real-world payment volumes of roughly $3 trillion. Stablecoin issuers hold approximately $175 billion in short-term US Treasury-related exposures. The Bank for International Settlements estimates that a $3.5 billion inflow into stablecoins reduces the yield on 3-month US Treasuries by approximately 0.7 basis points, decreasing it by about 4 basis points over a 10-day period. Tokenization can unlock approximately $2.46 trillion in annualized repo trading volume. By 2030, AI agents may facilitate approximately $2 trillion in global C2B e-commerce, with stablecoins accounting for about $56 billion of that volume. UBS believes that as digital assets achieve mainstream adoption, their overall impact on the financial sector will range from neutral to mildly positive. Sectors such as payments and fintech, exchanges, and asset management are assessed as mildly positive, while banking remains neutral. Allocation strategies center on three core themes: stablecoins, tokenization, and agent commerce. Increasing compliance costs particularly favor large-scale operators.
Odaily reports: European stablecoin issuer AllUnity has launched the U.S. dollar stablecoin USDAU, its fourth fiat-backed stablecoin. USDAU maintains a 1:1 peg to the U.S. dollar through segregated reserves and is now live on Ethereum, Solana, Base, Tempo, Arc, and Polygon.AllUnity is regulated under the EU's Markets in Crypto-Assets Regulation (MiCA) and has previously issued the euro stablecoin EURAU, the Swiss franc stablecoin CHFAU, and the Swedish krona stablecoin SEKAU. (Cointelegraph)
HSBC has officially announced that the name of its proposed Hong Kong dollar stablecoin is "HSBC RedCoin". The bank plans to formally launch this HKD-denominated stablecoin in Hong Kong later this year, subject to relevant regulatory approvals. Upon initial launch, the stablecoin will only be available through PayMe and the HSBC HK Mobile App.
Odaily News: Cosine disclosed the interim investigation reports by SlowMist and Google Cloud's Mandiant on the Bitget hot wallet breach. Both reports indicate that the attackers first compromised systems related to third-party security products, then moved laterally into Bitget's wallet business environment.SlowMist's investigation revealed that one of the third-party security product nodes had a zero-day vulnerability, with related malicious activity traced back to as early as August 31. On September 25, the attackers also used an internal employee identity to access the management platform of another third-party security product and used highly customized withdrawal tools to interact with the wallet system's withdrawal logic. Mandiant stated that after gaining persistent access through third-party security devices, the attackers moved laterally to production wallet task servers and deployed malicious programs.Mandiant also stated that no evidence of Bitget private key leakage has been found so far, and cold wallets were not affected. Both security teams are continuing to investigate the specific intrusion paths the attackers took between the relevant systems.
Odaily reports: Solana ecosystem tokenization platform Metaplex has announced the launch of MPL-3643, a new standard for permissioned real-world assets and tokenized securities on Solana, enabling issuers to issue assets directly on Solana without the need for a wrapped asset model.The standard embeds transfer restrictions, lock-up periods, and compliance lifecycle management into assets, and is built on Token-2022, sRFC 37, and Solana Attestation Service. MPL-3643 has now entered a limited-access Alpha phase.
Enterprise-grade digital asset infrastructure provider Cregis recently made its debut in the South Korean market, engaging with local exchanges, payment institutions, and Web3 enterprises. Centered on scenarios such as enterprise digital asset wallets, incoming and outgoing payments, and treasury management, the initiative aimed to assess the practical demand for digital asset infrastructure in South Korea and explore potential partnership opportunities. As digital asset applications progressively extend from trading into payments, financial services, and corporate operations, enterprises are increasingly demanding robust infrastructure for wallet management, fund movement, security, and compliant operations. Cregis noted that this inaugural presence in South Korea marks a crucial step toward deepening local market integration and gaining a clearer understanding of enterprise requirements. Established in 2017, Cregis delivers digital asset wallet, payment processing, and treasury management infrastructure to financial institutions, payment service providers, forex brokers, fintech firms, and Web3 enterprises. Headquartered in Hong Kong, the company has built out local operational teams in Dubai, New York, Singapore, Kuala Lumpur, and São Paulo, and has served a total of over 4,000 enterprise clients spanning more than 50 countries and regions.
Odaily reports: Bitget stated on X platform that an investigation by Google Cloud's Mandiant into Bitget's September 24 security incident found that attackers gained unauthorized access to certain third-party security devices, then laterally moved into Bitget's exchange wallet environment and obtained access to both warm and hot wallets. The investigation findings are consistent with the attack path previously disclosed by Bitget.
Odaily News — SlowMist security team has disclosed preliminary investigation findings on the September 25 theft of assets from Bitget's hot wallet. The investigation found that the attack involved certain third-party security products and wallet application hosts, with a zero-day vulnerability present in one of the third-party products. The attacker also gained unauthorized access to a third-party product management platform by impersonating an internal employee.SlowMist stated that the team has obtained the custom withdrawal tool used by the attacker to interact with the wallet system's withdrawal logic. On-chain attack activity began at 2:31 on September 25, lasted approximately 2 hours and 52 minutes, and involved multiple blockchains. The attacker subsequently attempted to tamper with withdrawal records and trigger additional BTC withdrawals. The team is still investigating how the attacker moved laterally between the affected systems.
Bybit has announced the completion of a SOC 2 Type II audit independently conducted by Deloitte. This marks a key step forward in Bybit's ongoing investment in security and compliance, proactively benchmarking against the security governance standards of top global financial institutions.According to available information, SOC 2 Type II is established by the American Institute of Certified Public Accountants (AICPA) and is one of the most rigorous internationally recognized standards for security and operational assurance. Bybit stated that this audit independently verified the effective operation of its security framework across governance, technology, processes, and personnel, reflecting management's long-term commitment to making user protection a core priority at all levels.In terms of compliance development, Bybit is accelerating the construction of a multi-dimensional security moat. This SOC 2 Type II report will deeply complement its existing ISO/IEC 27001 certification and PCI DSS compliance validation, building a more comprehensive compliance system spanning information security, data protection, and operational reliability.Bybit stated that in the face of evolving industry and regulatory demands, the platform will continue to increase its investment in security capabilities, further solidifying the trust foundation of over 80 million global users and institutional partners through enhanced transparency and the introduction of independent reviews.
According to Bloomberg, U.S. President Trump has directed federal government agencies to refer to "artificial intelligence (AI)" as "super intelligence" (SI) in official communications. Several tech industry leaders, including Elon Musk, a leading figure in both SpaceX and the AI sector, have already adopted this new terminology when discussing the technology, opting to use "SI" instead of "AI" to refer to artificial intelligence.
Odaily reports: David Sacks stated that heads of major U.S. chip, data center, and frontier model companies have held a meeting on the development of "superintelligence," and frontier AI lab leaders have signed the White House Superintelligence Agreement. The agreement is voluntary in nature and aims to strengthen AI safety governance through industry self-regulation.Sacks stated that signatories will assume responsibility for safe product development and implement new internal controls and independent external audit mechanisms. He believes that compared to waiting for international-level regulatory agreements, this model can establish AI safety constraints more quickly while maintaining U.S. development in related technology fields. The above assessment of policy effectiveness represents Sacks' personal views.
According to Bloomberg, the U.S. Securities and Exchange Commission (SEC) filed two lawsuits against the platforms Cryptoaiml Ltd. and TSAI Pro Ltd. The complaints allege that the entities promoted fraudulent AI-driven stock trading schemes via social media group chats and falsely claimed regulatory oversight, luring hundreds of retail investors to contribute funds. The involved entities subsequently misappropriated the associated cryptocurrency and fiat currencies and transferred them to overseas accounts, resulting in investor losses exceeding $15 million.