XRP Volume Surges to $7.4B Amid CME Squeeze
$XRP reached an intraday high of $1.60 on Sept. 22, with $7.4 billion in volume; CME leveraged funds cut net shorts by 46.3 million XRP, while Coinbase’s fell only 2.452 million #Update #Crypto $XRP
Regulation
SEC Warns of Cheating Risks in Prediction Markets
U.S. Commodity Futures Trading Commission warns that “mention markets” on prediction platforms like @Kalshi and @Polymarket may be vulnerable to manipulation, limiting event contract approvals. #Update #Legal
SEC Charts Custody Path for Crypto Assets
@SEC_Enforcement is set to propose new crypto custody rules after OMB clearance, aiming to clarify asset handling for broker-dealers and investment advisers. #Update #Crypto $BTC $ETH
Central Banks Ban Stablecoin Yields in Crypto
The European Central Bank and national central banks propose extending the ban on stablecoin yield offerings to include crypto lending and staking, emphasizing electronic money’s role in payments. #Update #Crypto $USDC
Kraken CEO Slams US Crypto Policy
Kraken CEO criticizes U.S. crypto regulation, praises EU’s MiCA for stability; secures MiCA license in Ireland, expanding operations across 30 states. #Update #Crypto
FCA Raids London Sites in Crypto Crackdown
The Financial Conduct Authority, HMRC, and Metropolitan Police inspected three London premises for illegal crypto trading, issuing cease-and-desist notices to unregistered P2P businesses. #Breaking #Legal
OCC Approves Bastion National Trust Charter
Bastion gains conditional OCC approval for a national trust bank charter focused on custody and digital asset services, pending pre-opening requirements. #Update #Regulation
Binance Awaits Central Bank Approval Brazil
Brazil’s new crypto regulations force major exchange exits; only five VASPs applied for licenses, with analysts predicting 10 out of 300 to qualify. #Update #Legal
SEC Approves Five-Year Token Trading Exemption
The SEC grants a five-year exemption for trading tokenized U.S. stocks on qualifying on-chain venues, with conditions on investor rights and smart contracts. #Update #Legal
EU Launches 24-Hour Cyber Reporting Rule
The EU Cyber Resilience Act now mandates a 24-hour vulnerability reporting window for digital products, impacting crypto wallet security protocols. #Update #Legal
Bitcoin Bans BitBank Over Iran Ties
The U.S. Treasury sanctions Iranian exchange BitBank for alleged sanctions evasion, linking it to financier Babak Zanjani and the IRGC. #Breaking #Legal
FCA Approves Crypto Gateway Launch Sept 30
The FCA opens its application window for the UK’s new crypto regime on September 30, 2026, with the regime starting October 25, 2027. #Update #Crypto
Clarity Act Replaced by New Legislation
The Clarity Act aimed to clarify crypto regulation and grant the Commodity Futures Trading Commission supervisory powers over crypto commodities, but it failed to pass, leaving regulatory ambiguity in the U.S. #Update #Crypto $BTC $ETH
Bitcoin Oversight Strengthened by Vietnam Austria Pact
Vietnam plans to license its first crypto-asset service providers in 2026, aligning financial regulations with Austria’s FMA. #Update #Crypto