Latest news

16:55 Security

Zano Restarts Blockchain Before Hard Fork 6, Erasing a Month of History After Inflation Bug

Zano restarts chain after inflation bug, erasing one month of history Zano said it has already restarted the blockchain from block height 3,833,000, just before Hard Fork 6, to contain an inflation bug tied to Gateway Addresses that enabled unauthorized issuance of ZANO and fUSD. The move wipes about a month of confirmed transactions; Zano said ordinary transaction privacy and wallet spend keys were not compromised, and Freedom Dollar said it absorbed several million dollars in losses from counterfeit fUSD.

13:10 Regulation

SEC staff says token buybacks may not trigger securities treatment once a network is functional

SEC staff says token buybacks on functional networks don’t make tokens securities The SEC’s Division of Corporation Finance said in new FAQs that once a crypto network is functional, announcing a token buyback program does not by itself amount to the “essential managerial efforts” prong of the Howey test. The guidance also says post-launch promises to maintain or grow a functional network likely would not satisfy Howey, while buyback pitches on non-functional networks could still cross the line if marketed as generating yield or returns.

12:25 Security

Japan arrests two suspects in 81 million yen fake police crypto fraud case

Japan arrests two over fake police crypto scam Japanese police arrested two suspects, aged 31 and 38, over a scheme that allegedly tricked a woman in her 40s into sending about 81 million yen ($515,000) in cryptocurrency after a caller posing as an Osaka Prefectural Police officer told her she had to “prove her innocence” in a supposed money-laundering case. Investigators say related cases tied to the suspects total about 240 million yen and believe the operation was run from Cambodia.

10:56 Companies

Riot Repays Coinbase Credit Borrowing and Terminates $200 Million Bitcoin-Backed Facility

Riot repays Coinbase Credit loan and exits $200M bitcoin-backed facility Riot Platforms said it repaid its outstanding borrowing from Coinbase Credit on Sept. 21 and terminated its fully drawn $200 million credit facility, ending Coinbase’s right to make further loans. The move released the lender’s claims on pledged collateral, which as of June 30 included 5,821 BTC worth about $340.7 million, with no early termination fee or penalty.

07:26 Stablecoins

Binance Invests $100M in Circle as New Five-Year Deal Expands USDC Distribution

Binance buys $100M of Circle stock, renews USDC deal for five years Binance bought $100 million of Circle Class A stock and signed a new five-year commercial agreement to expand USDC distribution, especially in emerging markets, Circle said Sept. 22. The private placement closed Sept. 17 at $80.84 per share, while the renewed deal replaces earlier agreements and gives Circle a bigger Binance channel as it tries to grow USDC against market leader Tether.

06:55 Stablecoins

Circle Foundation Funds UN Stablecoin Aid Payment Trials at UNDP and WFP

Circle Foundation funds UNDP and WFP stablecoin aid payment pilots Circle Foundation has announced grants for digital-payment projects at the UN Development Programme and World Food Programme to test whether regulated payment stablecoins can make aid delivery faster, cheaper and more transparent. WFP plans to evaluate two to three payment corridors over the next three years, while UNDP will set up a Digital Asset Innovation Pool to scale earlier pilots within regulatory and local financial systems.

03:41 Ethereum

Lido Vote #214 Passes, Bringing Dual Governance V1 to Ethereum Mainnet

Lido Vote #214 activates Dual Governance on Ethereum mainnet Lido DAO’s onchain Vote #214 passed with 58.2 million LDO in favor, implementing Dual Governance V1 parameters on Ethereum mainnet. The change gives stETH holders a mechanism to contest or delay certain governance actions before execution, adding a check on LDO-based voting, and also extends the emergency governance delay window to 14 days.

02:40 Security

Magic Eden warns legacy approvals left $5.7 million in NFTs exposed after contract exploit

Magic Eden warns legacy approvals exposed $5.7M in NFTs to exploit Magic Eden said old approvals from its now-closed EVM marketplace left more than $5.7 million worth of NFTs exposed to a vulnerability in Limit Break’s Payment Processor V2 after the contract was exploited this week. A whitehat operation rescued 23,155 NFTs, while Magic Eden said no active listings on its current products were affected and urged past EVM users to revoke Payment Processor V2 approvals on Ethereum, Polygon and Base.

22:40 Tokenization

Mantle Reports Tokenized Asset Count Rose From 71 to 1,473 in 2026

Mantle says tokenized assets on its network jumped to 1,473 Mantle says the number of tokenized assets on its network has risen to 1,473 from 71 at the start of 2026, while Distributed Asset Value reached about $476.1 million, up roughly 110% over the past 30 days. The network said the growth spans tokenized stocks, ETFs, regulated stablecoins and yield-bearing assets, with xStocks, Securitize, Ethena and Paxos among the issuers and infrastructure providers.

21:55 Infrastructure

Solana Rolls Out Alpenglow to Devnet After Testnet Activation

Solana activates Alpenglow on devnet after public testnet rollout Solana’s Alpenglow consensus upgrade went live on public testnet on Sept. 24 and devnet on Sept. 25, replacing TowerBFT with Votor and targeting transaction finality of 100 to 150 milliseconds. Anza said the shift moves validator voting offchain into BLS certificates, but the speed target is still unproven on mainnet, and Firedancer and Frankendancer have not yet implemented Votor.

21:41 Court

US Charges Vietnamese National in Alleged $53.3M Crypto Pig-Butchering Laundering Case

US charges Vietnamese national in alleged $53.3M crypto pig-butchering laundering case US prosecutors charged Trung Nguyen Van, 37, with two money-laundering counts, alleging wallets he controlled received about $53.3 million tied to pig-butchering fraud and sent roughly $53.2 million onward. The case began after one US victim allegedly sent about $16 million in summer 2024 to a fake crypto platform called Triangle and was later unable to withdraw funds.

19:41 Court

KelpDAO Backer Sues LayerZero Over April rsETH Bridge Exploit

KelpDAO files lawsuit against LayerZero over $292M rsETH exploit Evercrest Technologies, the company behind KelpDAO, has filed a civil claim in the Supreme Court of British Columbia against LayerZero Labs Ltd., LayerZero Labs Canada Inc. and co-founder Bryan Pellegrino over the April exploit that drained 116,500 rsETH, worth about $292 million at the time. Evercrest alleges LayerZero reviewed and endorsed a 1-of-1 DVN bridge setup later blamed for the attack; the claims have not been proven in court, and LayerZero has not been found liable.

16:40 Companies

CleanSpark Closes $2.276 Billion Secured Notes Deal to Fund Expansion and Refinance Debt

CleanSpark closes $2.276 billion senior secured notes sale CleanSpark said late Sept. 25 that it has completed the closing of $2.276 billion in senior secured notes, turning a proposed raise into cash on hand. The Bitcoin miner said the proceeds will help expand its data-center infrastructure and refinance existing credit facilities, marking one of the year’s largest financings for a publicly traded mining company.

16:11 Regulation

US Regulators Step In on Crypto After Senate Blocks Clarity Act

US regulators move to write crypto rules after Clarity Act stalls After the Senate failed to advance the Clarity Act in a 49-50 vote, the SEC, CFTC and Federal Reserve moved within days to shape crypto policy through existing powers. SEC Chair Paul Atkins unveiled an innovation exemption for some on-chain trading of tokenized US stocks, the CFTC issued crypto-related relief and sent a broader rulemaking to the White House, while the Fed proposed stablecoin reserve and capital rules.

15:11 Mining

Kazakhstan opens flared gas power to crypto mining, with possible AI path ahead

Kazakhstan approves flared gas power for crypto mining President Kassym-Jomart Tokayev signed a July decree allowing oil producers to use otherwise flared gas for off-grid electricity generation for digital mining, if the resources are not needed for state purposes. The order also proposes a tax exemption for regulated crypto income and infrastructure for stablecoin-based cross-border settlements, as Astana pitches itself as a hub for global capital and expertise.

11:41 Stablecoins

Ripple and Securitize Launch RLUSD Off-Ramp for BlackRock-Linked BUIDL and VBILL

Ripple, Securitize launch RLUSD off-ramp for BUIDL and VBILL Ripple and Securitize said they have launched a smart contract that lets holders of BlackRock’s BUIDL and VanEck’s VBILL instantly exchange shares for Ripple’s stablecoin RLUSD 24/7, marking RLUSD’s first integration with Securitize’s platform. The companies said the setup is aimed at expanding on-chain liquidity and utility for tokenized treasury funds, with Securitize also planning an XRP Ledger integration.

08:11 ETF & Funds

Grayscale Seeks SEC Approval for Biweekly Zcash Income ETF Built on Options

Grayscale files biweekly income Zcash ETF with SEC Grayscale filed with the SEC on Sept. 25 for the ZCSH High Income ETF, a Zcash-linked fund that would pay shareholders every two weeks by selling options tied to its existing spot Zcash ETF rather than holding ZEC directly. The filing says the strategy caps upside, keeps downside exposure, offers no set yield, and could return investors’ own capital; it could take effect in about 75 days, in early December.

07:40 Court

CFTC Accuses Cash FX Group of Running $950 Million Crypto-Linked Forex Ponzi

CFTC sues Cash FX Group over alleged $950M crypto-linked forex Ponzi The CFTC has filed suit against Cash FX Group, CEO Huascar Jose Lopez Castillo, The Conversion Pros and CEO Ronald Pope, and Justin Halladay, alleging they raised more than $950 million in a multilevel marketing scheme tied to retail forex trading and crypto. The agency says Cash FX did little actual forex trading, misappropriated most funds, used new deposits to pay fake profits, and left participants with at least $406 million in losses.

05:40 ETF & Funds

U.S. Spot Bitcoin ETFs Add $134.47 Million for Seventh Straight Day of Inflows

US spot Bitcoin ETFs extend inflow streak to seven sessions U.S. spot Bitcoin ETFs brought in a net $134.47 million on Sept. 25, marking a seventh straight trading day of inflows since Sept. 17, SoSoValue data showed. BlackRock’s IBIT led with $96.99 million and Fidelity’s FBTC added $49.32 million, while Bitwise’s BITB saw $11.85 million in outflows. The products have attracted about $2.98 billion over the seven-session streak.

04:56 Court

Scottish Prison Inmate Admitted Role in Planned $2.6 Million Crypto Home Invasions

Scottish inmate admitted directing gang to target $2.6M in crypto Prosecutors in Edinburgh said Robert Barr, who was jailed at HMP Edinburgh, used an illicit phone to direct home invasion attempts against a local crypto entrepreneur between January and April 2024, targeting holdings he believed were worth more than $2.6 million. Barr pleaded guilty to involvement in serious organized crime, and accomplice Sean Favier also admitted attempting robbery at the Midlothian home.

04:26 Court

U.S. Charges Vietnamese Man in Crypto Laundering Case Tied to $16M Pig-Butchering Scam

U.S. charges Vietnamese man in $53.3M pig-butchering crypto laundering case U.S. federal prosecutors in Missouri charged Trung Nguyen Van, 37, with two money-laundering counts tied to a pig-butchering crypto scam, after his initial court appearance in Los Angeles. Investigators say one victim sent about $16 million to the fake “Triangle” platform in June-August 2024, with more than $569,000 traced to Van’s wallet, and that his wallets received an estimated $53.3 million linked to wire-fraud schemes from 2018 to 2024.

04:10 Regulation

Federal Reserve Opens Comment on Two GENIUS Act Stablecoin Rules

Fed proposes two GENIUS Act rules for stablecoin issuers and banks The Federal Reserve has opened public comment on two proposed rules under the GENIUS Act: one would require Fed-supervised payment stablecoin issuers to fully back tokens with approved reserves such as short-term US Treasuries and other high-quality liquid assets, while imposing capital and risk-management standards; the other would set application rules for supervised banks seeking to issue stablecoins. Comments are due 60 days after publication in the Federal Register.

01:40 Regulation

Coinbase asks IRS to let Trump Accounts hold crypto and digital-asset funds

Coinbase asks IRS to let Trump Accounts invest in crypto Coinbase said it has asked the IRS to expand Trump Accounts so the children’s asset-building accounts can hold digital assets and crypto-focused funds, instead of being limited to low-cost US stock index funds under draft rules released last month. The exchange said the investment menu should be broadened to match what traditional IRAs can hold.

01:11 Regulation

SEC Guidance Says Liquid Staking Tokens and Buybacks Generally Fall Outside Securities Laws

SEC says liquid staking tokens and token buybacks generally aren’t securities The SEC said major crypto activities on functioning networks, including liquid staking tokens, token buybacks, and post-launch network maintenance, generally do not fall under U.S. securities laws. In new interpretive guidance, the agency said buybacks alone do not create an investment contract under the Howey test, but they could if paired with promotion of future price gains or returns.

23:40 Regulation

Circle’s Patrick Hansen Criticizes German Draft 50% Crypto Tax Assessment

Circle’s Patrick Hansen warns German crypto tax proposal could overtax retail users Circle’s Patrick Hansen criticized a draft German Finance Ministry crypto tax reform that would apply a 50% substitute assessment when taxpayers cannot provide credible purchase records for their crypto holdings. In that case, tax would be calculated on 50% of sale proceeds, a rule Hansen said could hit less crypto-savvy retail investors hardest, while tax lawyer David Hötzel noted the measure is not final but could create significant liquidity risks.

23:10 Regulation

SEC Commissioner Hester Peirce to Leave Agency as Term Ends on Oct. 2

SEC Commissioner Hester Peirce to step down on Oct. 2 Hester Peirce, who has led the SEC’s crypto task force since the start of President Donald Trump’s administration, said in a Sept. 25 resignation letter that she will leave the agency when her term ends on Oct. 2. Peirce helped define the SEC’s stance on staking, mining and memecoins and advanced the “Innovation Exemption,” a five-year framework for testing tokenized securities, while her exit leaves the commission with only Chair Paul Atkins and Mark Uyeda and could slow policy decisions.

21:41 Court

US prosecutors seek seizure of $84.2M tied to Capstone and EQIBank

DOJ moves to seize $84.2M linked to Capstone and EQIBank US federal prosecutors filed a civil forfeiture complaint to seize $84.2 million tied to Montana payments firm Capstone Ltd. and Dominica-based EQIBank, alleging Capstone ran an unlicensed money-transmitting business in at least six states while presenting itself to banks as an IT services company. The funds include $79.11 million at Wells Fargo Securities, $2.06 million at JPMorgan, $1.86 million in another Wells Fargo account and about $1.1 million in USDT wallets; Capstone and EQIBank deny wrongdoing and have filed innocent-owner defenses.

21:11 Security

Zano Prepares 24-Hour Rollback After Inflation Bug Linked to Gateway Addresses

Zano plans 24-hour blockchain rollback after inflation bug Privacy-focused blockchain Zano said an inflation bug tied to Gateway Addresses will force a rollback of roughly 24 hours of chain history, potentially wiping legitimate transactions along with unauthorized asset creation. The team told users on X and Telegram to stop activity involving ZANO and Confidential Assets and said it plans to reimburse losses, but it has not yet published the exploit details, rollback height, or the amount created.

18:41 DeFi

Kamino Adds tGBP Lending Market on Solana for Sterling-Denominated Borrowing

Kamino opens tGBP lending market on Solana Kamino has launched a lending market for tGBP, a British pound stablecoin issued by BCP Technologies, letting users supply the token or borrow sterling-denominated liquidity against collateral including USDC, cbBTC and JitoSOL. The market, curated by Steakhouse Financial, brings GBP-denominated credit to Solana and offers an alternative to borrowing in dollar stablecoins.

17:11 Regulation

Binance to End UAH Services and Delist USDT/UAH Pair on September 28

Binance to end UAH services and delist USDT/UAH on Sept. 28 Binance said it will stop UAH deposits and withdrawals via Fiat Trade UAH and remove the USDT/UAH spot pair after Sept. 28, a move affecting its Ukrainian users. The exchange said open orders on the pair will be canceled when trading ends, and any remaining UAH balances will be automatically converted to USDT by Sept. 30.

16:42 Tokenization

Jumper schedules JUMP token sale on Legion for Sept. 29

Jumper sets JUMP token sale for Sept. 29 on Legion Jumper will open its JUMP token sale on Legion on Sept. 29 at 13:00 UTC and close it on Oct. 2 at the same time, calling it its first independent fundraising effort. Eligible users can submit pledges and request allocations, but pledges do not guarantee tokens; final allocations will depend on eligibility, sale terms, demand and Legion’s process. The sale excludes users in the US and UK, among other jurisdictions.

16:40 Altcoins

Streamflow Burns 699.99 Million STREAM, Reducing Total Supply to 300 Million

Streamflow burns 699.99M STREAM, cutting total supply to 300M The Streamflow Foundation burned 699.99 million STREAM tokens on Sept. 23, reducing total supply from about 1 billion to 300 million in a single onchain transaction. The foundation said the burn removed roughly 70% of supply it controlled, while Streamflow’s vesting, staking, airdrop and other product operations remain unchanged.

15:11 Regulation

Crypto.com Seeks CFTC Approval for US Equity Perpetuals as CRO Gains

Crypto.com files with CFTC to launch US equity perpetuals Cronos token CRO rose about 6% on Friday after CEO Kris Marszalek said Crypto.com filed with the CFTC to list equity perpetuals in the US, following the SEC’s Form 1-N acknowledgement last week. Nadex, the group’s US derivatives exchange, is seeking to offer no-expiry stock futures tied to names including Apple, Amazon, Nvidia, Tesla and SpaceX, with CFTC approval required on a case-by-case basis.

12:12 DeFi

Ethena Extends USDe Backing Strategy to Tokenized U.S. Equities

Ethena adds tokenized U.S. stocks to USDe backing strategy Ethena said it has added tokenized U.S. equities and equity perpetual futures to the basis trade used for part of USDe’s backing, expanding the delta-neutral strategy beyond crypto. It will use Binance’s bStocks as spot collateral and short Binance equity perpetuals as the hedge; Binance’s equity perps had more than $2.9 billion in open interest, while Ethena said the equity basis averaged 3.56% annualized over the past six months.

11:46 Security

Three DeFi exploits hit Payy, Duelbits and Meter for over $11 million in one day

Three crypto exploits drain more than $11M in one day Payy Network, Duelbits and Meter were hit Thursday for a combined loss of more than $11 million. Payy said its Ethereum bridge was exploited for $1.8 million and paused all transactions, Duelbits’ co-founder confirmed an approximately $7 million hack and said the platform will stay offline during the investigation, while Meter said a block validation flaw let an attacker mint and dump $2.3 million in unbacked tokens.

11:41 ETF & Funds

NYSE Arca Approves Bitwise NEAR ETF Listing as Token Tests $5 Level

NYSE Arca approves Bitwise NEAR ETF listing under ticker NRR NYSE Arca has approved Bitwise’s NEAR ETF shares for listing under ticker NRR, giving NEAR a fresh catalyst as the token trades around $4.96 after a 43% weekly gain and roughly 176% year-to-date rise. Bitwise plans to stake 100% of the trust’s NEAR holdings under normal conditions; 33% of staking rewards would go to staking-related expenses, with about 67% left for the trust, alongside a 0.75% annual fee. The filing did not give a launch date.

11:11 Regulation

CFTC Clarifies How Crypto Margin Haircuts Work for Futures Intermediaries

CFTC updates crypto collateral guidance for futures intermediaries The CFTC on Sept. 24 updated its crypto activity FAQs to clarify that existing rules already let some qualifying futures intermediaries accept certain non-security digital assets as customer margin under Staff Letter 26-05, while tokenized versions of permitted investments and blockchain records remain subject to current safeguards. For most non-stablecoin crypto, firms must apply at least a 20% haircut, so a $100,000 position is recognized at $80,000 and can trigger a margin shortfall if prices fall.

10:41 DeFi

Aave proposal targets PT-AUSD-17DEC2026 listing on Monad ahead of October maturity

Aave proposal seeks PT-AUSD-17DEC2026 listing on Monad TokenLogic has submitted a direct-to-AIP proposal to list PT-AUSD-17DEC2026 on Aave V3 Monad before PT-AUSD-8OCT2026 matures on 8 October, letting users roll positions and keep using them as collateral. The new Pendle PT would launch with the same setup as the October market, including a 20M supply cap, borrowing disabled, and collateral use limited to a dedicated stablecoin eMode for USDT0, USDC, GHO and USDe.

09:42 ETF & Funds

Grayscale’s Zcash ETF Reaches $1 Billion in Assets, With Much of the Gain From Existing Holdings

Grayscale’s Zcash ETF tops $1 billion in assets after one month Grayscale said its ZCSH Zcash ETF has passed $1 billion in net assets one month after listing, but the total was driven largely by ZEC’s price surge and assets already inside the renamed Grayscale Zcash Trust. By Sept. 24, the fund had $306.12 million in net inflows, including a roughly $100 million in-kind DCG transfer of 85,705 ZEC on Sept. 8, implying about $200 million of fresh outside cash. A 3-for-1 share split takes effect before the market opens on Sept. 30.

09:40 Infrastructure

Cardano Governance Approves New Treasury Allocations for Infrastructure and Ecosystem Work

Cardano approves new treasury allocations under onchain governance Cardano’s onchain governance system approved a new round of treasury allocations for infrastructure and ecosystem development in a September 22 update, putting its Voltaire-era model into live use for resource decisions. The funding is set to be released in stages tied to project milestones, meaning approval is not an immediate full payout and gives governance participants added oversight over delivery.

09:14 Regulation

HTX and Binance Face New Sanctions Pressure Over Russia- and Iran-Linked Allegations

Offshore exchanges face fresh sanctions scrutiny HTX has been sanctioned by the EU and UK over alleged Russia-related sanctions activity, while US court filings named Binance in a case alleging two Hong Kong-based companies used accounts at the UAE-based exchange to launder proceeds from black-market Iranian oil sales. The US has not sanctioned Binance or taken direct action against it in that case, and Binance has denied wrongdoing, but both cases raise compliance and banking access risks for offshore exchanges.

09:11 Security

Cosmos Hub restart moves 1.23 million ATOM from Neutron exploiter wallet

Cosmos Hub validators seize 1.23M ATOM from Neutron exploiter wallet Cosmos Hub validators moved 1,227,121 ATOM, worth about $2.1 million, from the Neutron exploiter’s wallet when the network restarted Wednesday, executing the transfer at the state level without the owner’s signature after freezing the chain for nearly 25 hours. A 168,990 ATOM refund from a THORChain order escaped after the restart and was later bridged to Osmosis; the seized tokens now sit at cosmos1z8pq5c, an address with no known signer.

09:11 DeFi

Aave advances Base V4 launch to binding Snapshot vote with Equities Hub first market

Aave moves Base V4 activation to Snapshot vote Aave Labs said Aave V4 on Base is ready for activation, with execution now subject to a binding Snapshot vote rather than an AIP or Aave Governance V3 vote. The first live market would be the Equities Hub: seven Coinbase-issued tokenized equities — AAPLc, AMZNc, GOOGLc, METAc, MSFTc, NVDAc and TSLAc — can be used as collateral in the MAG7 Spoke, while USDC is the only borrowable asset.

07:42 Stablecoins

Circle Adds 250 Million USDC to Solana in New Authorized Mint

Circle mints 250M USDC on Solana Circle’s authorized Solana minting infrastructure created 250,000,000 USDC in a new onchain transaction, increasing USDC supply on the network by a quarter of a billion tokens. The mint adds fresh dollar liquidity to one of USDC’s most active blockchain markets, but it does not by itself show that a single buyer purchased $250 million or indicate where the tokens will be deployed.

07:10 DeFi

Solana Takes Lead in Tokenized Commodities DEX Volume as New Listings Drive Activity

Solana jumps to top spot in tokenized commodities DEX trading Solana captured 36% of tokenized commodities spot DEX volume on Sept. 23, up from about 1% three weeks earlier, overtaking Robinhood Chain at 26%, Blockworks data shows. The shift followed new launches on the network, including Dominion Market’s SILV token, GMTrade commodity perps and Kamino’s move to accept PAXG as collateral. Ethereum still holds about 95% of tokenized commodity assets, highlighting the gap between trading activity and asset value.

06:42 Court

Hut 8 Leads Poolin Texas Site Auction With $140 Million Bid

Hut 8 wins $140M bid for Poolin’s Texas data-center sites Hut 8 has emerged as the winning bidder for Poolin’s Pyote and Tarbush sites in Texas with a $140 million offer, nearly triple the combined $52 million stalking-horse bids that opened the bankruptcy auction. The sale is not final: it still needs approval from the U.S. Bankruptcy Court for the District of New Jersey at a hearing scheduled for September 29.

06:40 Regulation

Hive Takes Swedish Bitcoin Mining VAT Dispute to European Commission

Hive Escalates Swedish Bitcoin Mining VAT Dispute to European Commission Hive Digital Technologies has taken its Swedish VAT fight to the European Commission after Swedish courts refused to refer the case to the EU’s top court. The dispute centers on whether Hive’s Swedish units were mining bitcoin for themselves, which falls outside VAT, or providing contracted computing power services to customers, a classification that affects VAT refunds and has been applied retroactively to miners since 2022.

06:11 Court

KelpDAO files British Columbia lawsuit against LayerZero over $292 million rsETH exploit

KelpDAO sues LayerZero and CEO Bryan Pellegrino over $292M rsETH hack KelpDAO has filed suit in British Columbia against LayerZero and co-founder Bryan Pellegrino over the April 18 exploit that drained 116,500 rsETH, worth about $292 million, from its bridge. Kelp alleges LayerZero failed to disclose risks and secure infrastructure later compromised by attackers, while LayerZero says Kelp’s 1-of-1 verifier setup created the single point of failure that enabled the forged cross-chain message.

04:11 Regulation

Securitize Shares Jump After SEC Opens Temporary Path for Tokenized Stock Trading

SEC tokenization exemption lifts Securitize shares Securitize (SECZ) rose more than 15% Friday to $16.53 after the SEC on Sept. 17 issued a five-year Innovation Exemption allowing tokenized securities venues to operate without registering as exchanges. The order also exempts some liquidity providers from dealer registration when supplying tokenized stock to AMM pools, extending SECZ’s rebound to 77% over five trading days and 158% over the past month.

02:10 Regulation

Tether Says EQIBank Exposure Is Under 0.034% as Offshore Bank Faces Liquidation Risk

Tether says EQIBank exposure is under 0.034% of assets Tether said funds held at offshore banking partner EQIBank are trapped but amount to less than 0.034% of its total assets, after the Dominica-licensed bank warned it could face liquidation. EQIBank is trying to recover about $89 million seized by US authorities from accounts tied to payment processor Capstone Ltd., a hit the bank says wiped out roughly 80% of its monetary holdings.