Philippines Central Bank Freezes Payment Licenses
Bangko Sentral ng Pilipinas considers a temporary freeze on new Operator of Payment Systems licenses to enhance compliance standards; existing operators remain unaffected. #Update #Legal
Regulation
Bitcoin: DOJ Cracks $4M Cartel Scheme
Carlos Érick Vázquez González pleads guilty to laundering $4M via crypto for Mexican cartels, facing up to 20 years in prison. DOJ’s crackdown on crypto cartels intensifies. #Breaking #Legal
Bitcoin Bill Veto Stands in Poland
Poland’s parliament fails to override President Nawrocki’s veto on the Crypto-Asset Market Act amid Zondacrypto scandal, forcing local firms to register abroad. #Breaking #Legal
XRP Futures Yield Gap Hits 14%
@BitwiseInvestments reveals a 14.57% annualized yield in an institutional XRP carry trade, utilizing 10.78M XRP against short positions in Coinbase futures, highlighting demand for $XRP. #Update #Crypto $XRP
Hungary Abolishes Casino Regulator Amid Controversy
Hungary plans to abolish SZTFH after extending Sopron casino concession to 2061 without a tender, citing political entanglement concerns. Justice Minister Márta Görög to report by Sept. 30. #Update #Legal
ECB Advances Digital Euro Preparation Phase
The European Central Bank’s report on the digital euro preparation phase highlights offline functionality, privacy mechanisms, and holding limits but lacks final issuance approval. #Update #Crypto
XRP Rally Pressures 115 Million Token Short
Leveraged funds doubled their CME XRP net short to 2,314 contracts, totaling 115.7 million XRP, while dealers and asset managers increased net longs amid rising open interest. #Update #Crypto $XRP
SEC Sets Tokenized Collateral Standards
The CFTC issued guidance for derivatives clearing organizations on handling tokenized collateral, focusing on risk controls for tokenized U.S. Treasuries as margin. #Update #Legal
SEC Issues New Digital Asset Rules
The SEC’s Division of Corporation Finance released updated staff guidance on digital asset custody reporting for public companies, focusing on risk disclosure and balance sheet treatment. #Update #Crypto
Bitcoin Surges as G20 Backs Regulation
G20 finance ministers support clearer digital asset regulations, study stablecoin risks, and urge stronger anti-money laundering enforcement. #Update #Crypto
XRP Surges with $474 Million ETF Boost
XRP could rise above $2.14 by late November, driven by $474M in ETF inflows over six months, despite a leveraged short position of 115.7M XRP #Update #Crypto $XRP
SEC Filings Propel GTA VI Solana Surge
Two SEC comment PDFs propose a GTA VI currency, Sharkbux, potentially on Solana, but lack official authorization or proof of implementation by @TakeTwo and @RockstarGames. #Update #Crypto $SOL
SEC Charges 38 Entities for Fraudulent Filings
The SEC charges 38 entities for allegedly using false filings to appear as registered investment advisers, impacting crypto markets by highlighting fake legitimacy risks. #Breaking #Legal
Bitcoin Wallets Targeted in Belgium Crackdown
Belgian federal police targeted crypto wallets linked to offshore piracy platforms in a cross-border enforcement action, emphasizing it’s not a general crackdown on self-custody. #Breaking #Legal