News linked to both this project and an event.
According to Reuters, Revolut has become Europe's most valuable startup, with a current private market valuation of $115 billion, surpassing UK-based Barclays and France's Société Générale. In 2025, it recorded a pre-tax profit of £1.7 billion (around $2.2 billion), reflecting rapid year-on-year growth. The company currently serves 80 million customers and is actively expanding into markets such as Mexico and Australia while continuously securing new licenses. However, Revolut continues to face several challenges: revenue per customer remains well below that of traditional banks, and its lending portfolio is comparatively small (with a loan-to-deposit ratio of just 6%, far below HSBC's 55%); it faces stiff competition in the United States; moreover, it was previously penalized by Lithuanian authorities for anti-money laundering violations and recently suffered a customer data breach. Analysts emphasize that boosting primary account usage and scaling its lending business will be the central focus for Revolut's next phase.
Odaily reports: Greenfield Capital, an early investor in Safe, has published an open letter stating that it has filed a regulatory complaint with the Swiss Federal Foundation Supervisory Authority (ESA) regarding the Safe Ecosystem Foundation. Greenfield Capital stated that it has never sold any SAFE tokens since investing in Safe in 2022, but the total assets held in Safe accounts have declined from approximately $6.6 billion at the beginning of 2024 to about $3 billion. Over the same period, total DeFi TVL grew by roughly 40% and stablecoin supply increased by 135%, while stablecoins within Safe grew by only 11%. The firm believes that Safe's share of the self-custody market is declining.Greenfield Capital stated that about a year ago, it was unable to form a reliable judgment based solely on information provided by the Safe team, so it conducted an independent review together with former employees, major users, ecosystem developers, and other investors, and concluded that the issues identified all ultimately related to governance. The firm had previously requested refreshing the foundation's board of directors with experienced and independent members, restructuring management and bringing in operators with experience scaling infrastructure businesses, and having the board lead a review of strategy, product, organizational structure, and tokenomics while setting quantifiable key performance indicators. Greenfield Capital said that since late 2025, it has made these requests to the foundation both directly and through legal counsel, but the foundation only established a strategy committee without decision-making authority and appointed people from existing circles to fill board vacancies, which ultimately led to the filing of the regulatory complaint with ESA. The firm emphasized that this action is not a lawsuit against individuals and that it does not intend to take over Safe; its concerns are limited solely to foundation governance and board composition. It remains positive about the work of the Safe Labs operating team and will continue to cooperate as an ecosystem participant and Safenet validator.
Odaily reports: The International Monetary Fund (IMF) has completed the second and third reviews of El Salvador's 40-month Extended Fund Facility, approving an immediate disbursement of approximately $138 million under the $1.4 billion financing program. Despite some performance criteria not being met, the IMF granted waivers based on corrective measures and recommitments.The IMF stated that El Salvador will continue to reduce state involvement in Bitcoin-related activities, strengthen crypto asset regulation, governance, and transparency of public sector crypto asset holdings, and will not accumulate additional Bitcoin beyond already recorded donations. The majority stake and operational control of the government's Chivo Bitcoin wallet have been transferred to a private operator. (Cointelegraph)
Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission, said that regulatory agencies already possess substantial existing statutory authority. While participating in the work of the President's Working Group on Digital Asset Markets, he has studied statutory authorizations and legislative-level authorities, and will continue to issue regulatory rules in the crypto sector based on existing regulatory authority to prepare for the development of new areas in finance.
NEAR co-founder Illia Polosukhin posted that the recent increase in developer activity and further reduction in development barriers within the ecosystem center on what applications to build and how to establish distribution channels. In response, he proposed a series of potential building directions, including AI virtual pets combining NEAR AI’s on-chain verifiable inference with non-fungible tokens (NFTs); a universal checkout component supporting cross-chain intent payments; a decentralized encyclopedia integrating prediction markets with AI-generated content; a privacy-oriented OTC market based on NEAR Intents, alongside liquidation-resistant lending and perpetual contract management; a cross-chain event registration escrow tool backed by staking deposits; a privacy-preserving code review agent; a corporate cap table management tool; Delta-neutral strategy management; private copy trading utilizing view keys; an end-to-end encrypted medical auxiliary diagnostic system; a privacy-focused voice transcription desktop application; and AI benchmarking based on private test sets, among others.
Odaily News: When a token project fails to deliver tokens as agreed, investors need to review the signed agreements, attachments, amendments, and cover letters to confirm the legal entity bearing the obligation, the number of tokens or calculation method, delivery trigger events, vesting arrangements, and transfer restrictions.The projected launch date published by the project does not equate to a binding delivery deadline. When tokens have already been distributed to other participants, it is necessary to assess whether the delivery obligation has been triggered based on the agreement's definition of the token generation event, whether the investor has completed the prerequisites, and the project team's actual conduct.When a project requests an extension of the lock-up period, a reduction in allocation, a token swap, or a change in the responsible entity, investors should verify whether the contract authorization and amendment documents contain waiver of rights clauses. Investors may retain payment records, transaction hashes, wallet addresses, communication records, and project announcements, and review the notification, remediation, negotiation, arbitration, or litigation procedures. (Bitcoin.com News)
Odaily News: On October 1, SBI Digital Trust signed a basic agreement with South Korean payment service provider NICE Information & Telecommunication and South Korean blockchain infrastructure company DSRV to jointly validate a commercialization plan for using stablecoins to enable transfers and payments between Japan and South Korea. The validation uses the scenario of Japanese tourists traveling to South Korea and making QR code payments at merchants affiliated with NICE Information & Telecommunication, focusing on validating fund flow methods, transfer and payment instruction mechanisms, and the connectivity between each party's systems. It is expected to be completed by the end of December 2026.SBI Digital Trust will advance the payment solution design by combining Japan's regulatory and financial sector experience, NICE Information & Telecommunication will be responsible for providing the merchant network and payment operations experience, and DSRV will be responsible for blockchain technology-related research. The three parties will evaluate the direction of subsequent commercialization based on the validation results and, in light of changes in each country's regulatory framework, continue to explore stablecoin-related application scenarios. (coinpost)
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.
According to a post by the Blockchain Association (@BlockchainAssn), the Blockchain Association has officially launched the Vaults Workstream, bringing together dozens of leading member organizations including a16z Crypto, Aave, Uniswap, Grayscale, dYdX Foundation, Ethena, Morpho, and Multicoin to participate in Washington-based policy discussions on on-chain finance. As an emerging component of on-chain finance infrastructure, Vaults can provide users with diverse asset exposure, support composable and personalized investment strategies, and offer high flexibility in manual control, governance, and risk management. Members of this workstream will engage directly with the SEC to assist legislators in understanding Vault mechanics and the applicability of existing regulatory frameworks, with the goal of aligning regulatory rules with technological development to ensure the United States maintains its leading position in on-chain financial innovation.
Bitcoin News posted on X that the Netherlands' Box 3 tax bill currently under parliamentary review proposes taxing investments based on actual annual returns, including the appreciation of unsold assets; when calculating actual returns, the Dutch Tax and Customs Administration explicitly includes crypto assets held in personal wallets, exchanges, or with third parties.The Dutch government is studying a shift toward a capital gains tax system, which would tax asset appreciation when gains are realized, but has stated that the existing 2028 proposal remains the basis during the review of related adjustments. The bill has passed the House of Representatives and still awaits Senate review, and the final system may still be adjusted before 2028.
Odaily News — Stablecoin issuer Tether has announced that, in cooperation with the U.S. Department of the Treasury's enforcement actions targeting Iranian sanctions evasion networks, it has assisted in freezing approximately $550 million in USDT assets linked to Iran's central bank and sanctioned networks during 2026. This includes over $344 million frozen in April based on information from the U.S. Office of Foreign Assets Control (OFAC) and law enforcement agencies, as well as over $130 million frozen in July.To date, Tether has established partnerships with more than 340 law enforcement agencies across 67 countries and regions worldwide, supporting over 2,800 investigations and freezing a cumulative total of more than $4.9 billion in illicit assets (of which over $2.4 billion is related to U.S. law enforcement actions). The company has also directly aligned its wallet freezing mechanism with the U.S. Specially Designated Nationals (SDN) List.
Odaily News: Tether has announced a partnership with Shiga to launch self-custodial financial products in Africa and the Gulf Cooperation Council (GCC) region based on its open-source Wallet Development Kit (WDK), enabling users and institutions to hold and transfer USD₮, Bitcoin, and Tether Gold (XAU₮).Among them, ENTA targets individuals, high-net-worth users, and enterprises, while Pulse targets institutions such as banks and fintech companies, used for building digital asset payment, treasury management, and settlement services. Shiga is currently in the final stage of approval for a digital asset intermediary license in Nigeria.
According to CoinDesk, Hong Kong-based stablecoin payment company RedotPay announced on Monday that it has completed its financial audit and anti-money laundering and counter-terrorist financing compliance review, both conducted by Big Four accounting firms, as a necessary preparatory step for applying to launch an initial public offering (IPO) in the United States.
Odaily Report: Michael Saylor published a long article titled "Prescriptions for Prosperity in the Digital Economy," stating that artificial intelligence will greatly enhance the productive capacity of individuals and enterprises, thus requiring greater freedom to create, finance, own, and trade assets. He proposed establishing a "Digital Bill of Rights" for digital assets, the core of which is to grant individuals and enterprises the rights to Create, Issue, Custody, Transfer, and Use digital assets, and to provide foundational protections in financial privacy, asset ownership, and market access.Saylor believes that digital intelligence will drive the birth of a large number of new enterprises, and that the cost, complexity, and time required for financing should be reduced, while capital formation efficiency should be improved through means such as digital tokens. He proposed aiming to enable 10 million new businesses to access financing, while establishing clear issuance rules and risk-matched information disclosure requirements.Regarding the digital dollar, Saylor advocates allowing banks, fintech companies, and technology platforms to compete more fully in digital dollar products, and permitting issuers to compete on yield. He believes that the United States can further expand the global reach of the dollar by allowing enterprises to develop more competitive digital dollar products.As for Bitcoin, Saylor defines it as "Digital Capital," advocating that banks be allowed to custody Bitcoin under clear rules and provide credit using it as collateral, while establishing a viable path for insurance companies to include digital capital in their balance sheets and product design. He specifically mentioned that the Basel Accord applies a 1250% risk weight to certain crypto asset exposures, and believes that regulators should reassess relevant capital requirements based on the actual risks of digital assets and specific business activities.
Odaily News: The Hyperliquid Policy Center and wallet developer Phantom have submitted a comment letter to the U.S. Commodity Futures Trading Commission (CFTC), arguing that developing on-chain infrastructure protocols and code is not equivalent to providing regulated financial services, and that protocol developers should not be regarded as financial intermediaries.The comment letter states that self-custodial, code-based on-chain markets require a modern regulatory framework, and recommends providing regulatory clarity, promoting the reshoring of innovation to the United States under CFTC oversight, and preserving users' ability to self-custody their assets.
According to The Block, New York-based stablecoin payment and tokenized asset company HIFI has announced the completion of a $37 million Series A financing round led by Left Lane Capital. Proceeds from the funding will be used to expand its tokenized capital market infrastructure and product lines. HIFI provides API infrastructure that integrates fund flows, compliance, and settlement capabilities, currently processing over $7 billion annually across 87 countries. Prior to this round, HIFI participated in a tokenized securities production trade co-hosted by DTCC, BlackRock, Goldman Sachs, and Nasdaq in July. Later this month, it partnered with Visa to extend its stablecoin settlement platform to remittance and card payment scenarios, initially supporting stablecoin settlements for more than 4 billion Visa cards globally.
Eleven Democratic senators on the U.S. Senate Banking Committee are urging Committee Chairman Tim Scott to hold a hearing on prediction markets. Previously, the committee planned to hold a prediction market roundtable next week attended only by Republican senators, focusing on securities-based prediction markets, with a Kalshi representative expected to attend. Currently, primary regulatory jurisdiction over prediction markets falls under the Senate Agriculture Committee and the Commodity Futures Trading Commission.
Odaily News: Visa has released its "Money Travels 2026" report, based on a survey of 2,192 U.S. adults, showing that if stablecoins were equipped with bank-grade fraud protection and deposit insurance, consumer willingness to use them would rise from 36% to 56%; if offered through existing financial institutions, willingness would also increase to 45%. The survey also found that 56% of respondents had never heard of stablecoins, and 64% of respondents had greater trust in payment providers than in the technology itself. Currently, the total global supply of USD-pegged stablecoins has exceeded $295 billion, with USDT at approximately $183.4 billion and USDC at approximately $76 billion; Visa's annualized stablecoin settlement volume has surpassed $20 billion, representing more than a 15-fold increase from a year ago. (The Block)
According to FinTech Global, Chicago-based AI startup Go.AI has completed an $85 million Series A funding round led by Updata Partners, with existing investors GFT Ventures and LAUNCH participating, bringing the company's total funding to $90 million. The company provides on-premise, auditable AI infrastructure for regulated entities such as banks. The new capital will be used to expand the engineering team and increase marketing efforts, driving the company's expansion from its core regulated industries to a broader range of compliance-oriented institutions.
Odaily News: WeChat will continue to crack down on illegal and criminal activities such as pyramid schemes and fraud organized by certain accounts. Such activities typically use the pretext of national asset unfreezing, national policies, national projects, blockchain virtual currencies, or stablecoins, luring users with high returns to join group chats and recruit others, then stealing WeChat account passwords through suspicious links, inducing downloads of fraudulent apps, or requiring participation in check-ins, meetings, courses, and other activities to carry out scams.WeChat will take tiered measures against relevant accounts based on the severity of violations, including banning group functions, restricting certain features, and suspending accounts.