Bitget will restore withdrawals in phases from September 28, with BTC first and full services scheduled by October 2. Crypto exchange Bitget prepares to restore withdrawals on September 28 following a security incident that prompted a temporary suspension. Bitcoin withdrawals will return first, with ETH and USDT following over the...
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Grayscale Seeks Approval for ZCSH High Income ETF
Grayscale seeks SEC approval for a ZCSH High Income ETF offering bi-weekly payouts through options linked to its Zcash product. Grayscale has filed with the SEC for a new ZCSH High Income ETF. The proposed fund would focus on income from options tied to Grayscale’s current ZCSH product. It would...
CFTC Sues Cash FX Group Over Alleged $950M Crypto-Linked Forex Scheme
CFTC alleges Cash FX solicited more than $950M through a purported forex trading pool. Participants were allegedly promised returns of up to 15% weekly from trading strategies. The regulator says participants lost at least $406M through the alleged scheme. The Commodity Futures Trading Commission (CFTC) has sued Cash FX Group...
Brazil Sets $10K Reporting Rule for Self-Custody Crypto Trades
Brazil will require covered institutions to report $10K+ self-custody transfers to Coaf. Resolution 588 creates a reporting threshold, not a crypto transaction limit or ban. The rule differs from Brazil’s separate 24-hour retention measure starting in 2027. Brazil will require covered institutions to report qualifying crypto transfers involving self-custody wallets...
Fed Proposes Two-Day Redemption Limit and Capital Buffers for the Stablecoin Issuers It Supervises
The Federal Reserve Board opened two GENIUS Act proposals for comment, covering stablecoin reserves, capital charges, redemption limits, and bank applications. Two business days. That is the longest a holder would wait for dollars from a stablecoin issuer the Federal Reserve supervises, if the new proposal survives public comment. The...
KelpDAO Files Lawsuit Against LayerZero Over $292M Bridge Exploit
KelpDAO filed a lawsuit against LayerZero over a $292M bridge exploit, alleging security failures and risks linked to its 1-of-1 verifier setup. KelpDAO has filed a lawsuit against LayerZero and co-founder Bryan Pellegrino. The case follows a $292 million bridge exploit. KelpDAO claims LayerZero did not reveal significant technology risks...
SEC’s Hester Peirce Calls for Zero-Knowledge Proofs in KYC
Can zero-knowledge proofs replace KYC data collection? SEC’s Hester Peirce says yes; here’s her case for privacy-first compliance. SEC Commissioner Hester Peirce has pushed for zero-knowledge proofs as a way to bring KYC and anti-money laundering practices into the modern era. Her point is that regulators can confirm compliance without...
Institutions Refused to Sell Crypto During 50% Crash, Bitwise Report Finds
None of 15 institutions cut crypto exposure during the roughly 50% market drawdown. Bitcoin remained the only crypto asset held by every institution in the survey. Most institutional crypto allocations ranged between 1% and 2% of investable assets. Bitwise’s first Institutional Crypto Adoption Report found that none of 15 interviewed...
Bitcoin (BTC) Price Holds $83.8K: Why $87K Could Be the Next Key Level
Bitcoin defends $83.8K as analysts eye $87K; is a fresh leg toward $126K still on the table? Here’s what to watch. Bitcoin is trading near $84,192 after defending the $83.8K long-POI identified by analyst Lennaert Snyder. CoinGecko data shows BTC down 0.96% over 24 hours, while gaining 9.74% over the...
BlackRock and Ondo Launch Tokenized ETF Portfolios
BlackRock and Ondo Finance launch tokenized ETF portfolios for non-U.S. investors, bringing onchain model portfolios to global crypto markets. BlackRock and Ondo Finance have launched a new product called Ondo Intelligent Portfolios today. It is the first time BlackRock’s customized ETF portfolio strategies have been brought onchain. According to WSJ,...