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...
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Why Is Sui (SUI) Price Pumping Today?
Why is Sui price rising today? SUI gains momentum as DeepBook launches, ecosystem activity grows, and $1.33 resistance nears. Sui (SUI) climbed more than 12% over the past day, reaching around $1.16 and nearing a $4.7 billion market cap. The rally follows weeks of quiet, range-bound trading. It marks one...
Bitcoin Weekly Chart Flashes A Warning Near $78K
Bitcoin’s weekly candles now sit above a stack of moving averages, and the upper edge of that band near $78K is where this breakout gets tested. Not advice. Bitcoin was changing hands near $83,978 at 09:00 UTC on Saturday, September 26, and the weekly chart doesn’t look like it did...
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...
Ethena Taps Binance for Equity Perpetuals as ENA Price Jumps 57% in a Week
Ethena teams with Binance to bring its basis trade to equity perpetuals: here’s what it means for USDe and ENA’s price. Ethena is partnering with Binance to extend its basis trade strategy into equity perpetuals, according to an announcement from the protocol. The move marks one of the biggest updates...
Bitget Hit by $351.6M Wallet Breach, Temporarily Suspends Withdrawals
Bitget confirms $387.5M in affected assets as its recovery bounty targets the freezing and return of stolen funds. Crypto exchange Bitget has suffered a major security breach involving hundreds of millions of dollars in digital assets. Unauthorized transfers began on September 24, prompting an emergency response and a temporary suspension...
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...