News linked to both this project and an event.
Odaily News: NEAR Intents has stated that it has identified the attacker responsible for the loss of user funds and has demanded the return of $3.8 million within 48 hours through a "responsible disclosure" mechanism, after which the window will be closed.NEAR Intents suspended services on Thursday after discovering a vulnerability in the interaction between the Omni deposit and withdrawal infrastructure and its smart contracts. A preliminary investigation showed that the attack resulted in the theft of $3.8 million in user funds, and the platform has committed to fully compensating affected users.On-chain investigator ZachXBT disclosed that the related funds were transferred to the KuCoin exchange and subsequently bridged to Bitcoin. (Cointelegraph)
According to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) has proposed amendments to new crypto asset custody rules, which would allow registered investment advisors and regulated funds to self-custody crypto assets under specific conditions, and permit qualified state-chartered trust companies to act as crypto asset custodians. Under the proposal, if no compliant custodian is available for a specific crypto asset, the investment advisor may self-custody associated client assets, subject to at least quarterly reassessment of custodian availability and compliance with requirements including private key security, cybersecurity, and client asset segregation. Any asset transfer would require approval from at least two authorized individuals. Should a compliant custodian become available thereafter, the relevant assets must be transferred as soon as reasonably practicable. The proposal remains in the rulemaking stage and will feature a 60-day public comment period following its publication in the Federal Register.
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)
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)
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)
Odaily News — Gracy Chen, CEO of cryptocurrency exchange Bitget, said the company is not optimistic about recovering the $388 million in crypto assets lost in last week's security incident. Citing the Bybit hack in 2025 as a reference, she noted that approximately one year after that incident, only about 3.5% of the stolen funds had been frozen, and that this does not equate to a completed recovery.Bitget has set up a bounty program offering 5% rewards for frozen funds and recovered funds respectively. The NEAR Intents team said it has intercepted over $50 million in assets related to the attack and frozen approximately $500,000. Tether and Circle have blacklisted the relevant wallets, freezing $318,000 worth of USDT and USDC.Gracy Chen stated that preliminary investigations indicate the attack may match VPN addresses used by North Korea-linked groups, but Bitget has not yet fully ruled out the possibility of an insider job. Bitget has resumed withdrawals in phases, starting with Bitcoin transactions on Monday and continuing with ETH transactions on Tuesday. (Cointelegraph)
According to Cointelegraph, Greece has been added to the EU's MiCA registry for the first time, with BCash, Xenios Blockchain Group, Capital Wallet Greece, and Piraeus Bank receiving authorization. The total number of registrations under ESMA now reaches 359. Among them, the first three are supervised by the HCMC, while Piraeus Bank is regulated by the Bank of Greece, demonstrating Greece's dual-track regulatory framework for MiCA. Previously, Binance applied for MiCA authorization in Greece. If approved, it could have leveraged the passporting system to offer services across Europe, but it voluntarily withdrew the application on June 24. On September 18, the Wall Street Journal reported that ECB President Lagarde had intervened, asking the Greek prime minister to prevent the application's approval. The HCMC explicitly denied this to Cointelegraph, stating that no officials had communicated with ECB staff regarding Binance's application, and that the report's claims were entirely untrue. Both Binance and the ECB declined to comment.
Odaily News: The European Securities and Markets Authority (ESMA) has updated the MiCA register, with BCash, Xenios Blockchain Group, Capital Wallet Greece, and Piraeus Bank becoming the first batch of Greek crypto asset service providers to be included. The register added 6 institutions from Germany, France, and Slovenia, bringing the total number of registered institutions to 359.The Hellenic Capital Market Commission (HCMC) is responsible for supervising the first three institutions, while the Bank of Greece oversees Piraeus Bank. The HCMC denied that its officials had communicated with European Central Bank (ECB) officials regarding Binance's Greek MiCA application, and also denied making any statements about Lagarde intervening in the application; Binance withdrew its application on June 24. (Cointelegraph)
Odaily News: The European Securities and Markets Authority (ESMA) has published its 2027 work program, which will coordinate national supervision of crypto asset service providers (CASPs), with a focus on operational resilience, outsourcing risks, liquidity, reverse solicitation, and asset classification.ESMA Chair Verena Ross stated that MiCA's focus has shifted from rule-making to supervision and convergence. ESMA plans to harmonize the periodic reporting that CASPs submit to national regulators and promote common risk indicators and supervisory dashboards.ESMA will advance MIDAS, a centralized crypto market monitoring system, to monitor potential market abuse under the MiCA framework. The first phase of the system is expected to be fully operational by 2027.ESMA plans, after obtaining Board approval, to add analytical functions to MIDAS and expand the types of usable data in the fourth quarter, while incorporating supervisory experience into the European Commission's MiCA review, which is expected to be completed by June 2027. (Cointelegraph)
According to Cointelegraph, the Federal Reserve recently opened for public comment on two regulatory proposals under the Genius Act regarding the issuance of payment stablecoins. The new rules aim to establish an issuance framework for regulated stablecoins through full reserve asset requirements and an approval process.
Odaily reports: In the first US tax season under the 1099-DA reporting rules for crypto assets, some investors are facing issues such as missing transaction data and difficulty verifying cost basis. An August survey of 1,000 US crypto investors by Awaken Tax showed that 21% of respondents who have already filed or plan to request an extension said they are still waiting for exchanges or crypto platforms to provide the required information; another roughly 20% said their 1099-DA form information was incomplete, or they were unsure whether it accurately reflected their transactions.The US Internal Revenue Service (IRS) stipulates that for 2025 transactions, brokers are generally required to report proceeds from digital asset sales, but in most cases are not required to report cost basis, leaving taxpayers to calculate gains and losses themselves; starting in 2026, brokers will be required to report cost basis for qualifying digital assets. The IRS also emphasized that even if taxpayers do not receive a 1099-DA, they must still report digital asset-related income and gains or losses. (Cointelegraph)
Odaily reports: The European Banking Authority (EBA) has stated that the EU should bring crypto asset lending under the Markets in Crypto-Assets (MiCA) framework, and that the regulatory scope should also cover situations where crypto asset service providers assist clients in accessing decentralized finance (DeFi) lending protocols.The EBA recommends that the European Commission (EC) conduct a cost-benefit analysis of the relevant legislative changes, and consider adding compliance requirements and supervisory activities for intermediated crypto lending services, while also setting additional requirements for crypto firms that provide access to DeFi lending protocols.Potential measures include user suitability tests, leverage limits, and additional disclosure requirements; the EBA also proposes restricting lending involving asset-referenced tokens or e-money tokens that require MiCA authorization, and establishing a certification system for DeFi lending protocols.The EBA noted that crypto lending is already taking place in at least 16 EU member states, and that access to DeFi through crypto firms and AI tools is increasingly blurring the line between centralized and decentralized finance. The recommendations are part of the MiCA review opinion, which also covers stablecoin rules, crypto asset classification, and reporting requirements. (Cointelegraph)
Odaily News: Former SEC Acting Chairman Mark Uyeda stated that the agency dropped crypto cases in early 2025 to preserve its credibility in court ahead of a major policy shift. (Cointelegraph)
Odaily reports: The National Council of Legislators from Gaming States (NCLGS) has filed an amicus brief with the U.S. Supreme Court in support of the New Jersey Attorney General and gambling regulators' petition to hear their case against prediction market platform Kalshi. The petition seeks to clarify whether state governments or federal agencies have jurisdiction over prediction market companies.NCLGS stated that if the ruling favors Kalshi, states would be unable to regulate sports betting within prediction markets, potentially leading to regulatory confusion. The council believes that gambling-related matters should be handled by state regulators, and noted that casinos and other regulated entities may adjust their operations and products accordingly.New Jersey authorities filed a petition for a writ of certiorari on September 2, stemming from their appeal of a Third Circuit Court of Appeals ruling. Kalshi has not yet formally responded and must submit its position brief by November 9; the company has previously stated that it cannot be regulated separately by 50 different regulators. (Cointelegraph)
Odaily News: The European Securities and Markets Authority (ESMA) will include AI and tokenization in the EU's strategic supervisory priorities starting in 2027, coordinating relevant oversight among member state regulators.Regulators will map out AI and tokenization applications oriented toward investors, document how financial institutions are using or planning to use them in products and processes, and conduct preliminary examinations of some affected institutions.ESMA will focus on risks such as biased or misleading AI outputs, products that are difficult for investors to understand, and reliance on a small number of third-party vendors. This matter will be advanced in parallel with the cyber and operational resilience supervisory priorities launched in 2025. (Cointelegraph)
According to Cointelegraph, the European Securities and Markets Authority (ESMA) announced that it will formally launch the EU Strategic Supervisory Priorities (USSP) focused on artificial intelligence (AI) and tokenization in 2027. National regulators will comprehensively review the current landscape of tokenization, document how firms utilize AI and tokenization in investor-facing products and processes, and conduct preliminary targeted examinations of the most significantly impacted entities. ESMA noted that the priority aims to help supervisors build expertise and establish a harmonized supervisory approach, focusing on risks such as AI biases or misleading outputs, products that are overly complex for investors to comprehend, and excessive reliance on a narrow set of third-party service providers. This priority will proceed in parallel with the 2025 cyber and operational resilience USSP.
Odaily News: The European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA), and the European Securities and Markets Authority (ESMA) stated in a joint risk update that advances in quantum computing could weaken the cryptographic systems that secure blockchain transactions, communications, and database security.In March, Google Quantum AI researchers estimated that the number of physical qubits required to break the cryptographic techniques used by many cryptocurrencies may be about 20 times fewer than previously estimated. A computer capable of carrying out such an attack does not yet exist.In February, Bitcoin developer Jameson Lopp and others proposed phasing out current signature schemes and restricting how unmigrated funds can be used five years after the proposal's activation. The proposal has not yet been adopted. The Ethereum Foundation plans to make Ethereum's execution, consensus, and data layers quantum-resistant by December 2029. (Cointelegraph)
Odaily News: U.S. Republican Senator John Curtis of Utah has sent a letter to Senate Judiciary Committee Chairman Chuck Grassley and Ranking Member Dick Durbin, calling for an investigation into whether Donald Trump Jr. and Hunter Biden used their presidential family connections to obtain private economic benefits, and requesting that both be subpoenaed.Curtis noted that Donald Trump Jr. previously accepted wedding gifts from Russian oligarch Umar Kremlev, actively promoted a family-backed crypto business, and served as an advisor to a prediction market platform; the company in question is regulated by the Commodity Futures Trading Commission. Donald Trump stated that his son has returned the relevant payments to Umar Kremlev.Curtis also requested an investigation into Hunter Biden's large-scale business dealings with foreign entities, as well as whether both individuals used their relationship with the president to create business value. He mentioned that Joe Biden pardoned Hunter Biden in December 2024, and the latter had previously denied involving his father in business transactions.The call for this investigation comes one week after Senate Republicans failed to secure enough Democratic support to advance the Digital Asset Market Clarity Act. Some Democratic lawmakers opposed the bill, citing reasons including Donald Trump's use of crypto businesses to gain benefits related to the presidency; Donald Trump disclosed that he earned $1.4 billion from digital asset-related businesses in 2025. (Cointelegraph)
Odaily reports: The U.S. Senate failed to advance the Digital Asset Market Clarity Act on September 15 with a vote of 49 in favor and 50 against, and with limited remaining legislative sessions before Congress's 2027 term, the bill's chances of passage have diminished.Fairshake, a political action committee backed by Coinbase and Ripple Labs, plans to spend $30 million in the Ohio Senate race to oppose Sherrod Brown. Fairshake spent over $130 million on advertising during the 2024 election cycle and approximately $41 million opposing Brown.Stand With Crypto, an advocacy group launched by Coinbase in 2023, said it will mobilize supporters to participate in the 2026 midterm elections based on lawmakers' voting records on the bill. As of Monday, Fairshake and its affiliated political action committees had not disclosed any new spending following the vote. (Cointelegraph)
According to Cointelegraph, the Wall Street Journal reported that European Central Bank President Lagarde had requested the Greek Prime Minister not to approve Binance's MiCA license application, and the Vice Chair of the Hellenic Capital Market Commission (HCMC) also conveyed this information to Binance. In response, Binance declined to comment, stating only that it does not comment on speculative reports, and reiterated its commitment to seeking authorization for long-term compliant operations under the EU's MiCA framework. Binance had previously withdrawn its Greek application ahead of the MiCA deadline on July 1 and plans to pursue authorization in other EU member states. Neither the European Central Bank nor Greek regulators have commented on the matter.