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The 'Largest Pure-Play' XRP Treasury Is About to Go Public
Shareholders approved Evernorth's merger with Armada Acquisition Corp. II, clearing the way for the Ripple-backed firm to begin trading Oct. 8 with a stash of roughly 473 million XRP.
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50,000 Europeans call on EU to ease stablecoin rewards restrictions in MiCA review
A 50,000-letter campaign is pressing Brussels to rethink stablecoin rewards as EU central banks seek broader changes to MiCA’s stablecoin rules.
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OpenAI Fires Three Safety Researchers Over Alleged Leak to Outside Group
OpenAI says the three broke its rules on handling sensitive information. The exits land after months of rogue-agent incidents, a trail of safety-team departures, and a new lawsuit.
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US Sanctions A7 Network, Proposes Ban on Sub-Agent Payments
The U.S. Treasury sanctioned the Russia-linked A7 Network as a significant transnational criminal organization on Oct. 1, saying it helped Iran evade sanctions. Alongside the designation, its Financial Crimes Enforcement Network (FinCEN) proposed barring U.S. financial institutions from handling......
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Illinois will postpone implementation of crypto tax following lawsuit
State officials agreed to delay the 0.2% crypto tax for six months after lawsuits and industry pushback claimed the bill was rushed through the legislature.
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Strategy has burned through 64% of its STRC rescue fund
Strategy, Michael Saylor’s BTC treasury company, has expended 64% of its once-$2 billion fund to repurchase STRC. After 10 weeks of trying to force its price higher, the company has already spent $1.28 billion and, as of Monday’s filing, had less than $724 million left. STRC was supposed to sustain...
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Stablecoin Treasury Growth Partly Offsets China’s Retreat, SF Fed Study Finds
Read the full story at The Defiant
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OpenZeppelin and T-REX Network Introduce new Framework for Regulated Token Eligibility and Recovery
Read the full story at The Defiant
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It's the Start of Uptober. Will Bitcoin Live Up to It?
Bitcoin enters its historically strongest month after a record-pace September, but a Fed hike and 5.3% Treasury yields are testing the bulls.
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Burwick Law loses LIBRA lawsuit against Hayden Davis
Burwick Law’s lawsuit against Hayden Davis over the launch of LIBRA and M3M3 has been dismissed by a US judge with prejudice. Judge Jennifer Rochon’s findings were filed on Tuesday. She denied plaintiffs Omar Hurlock and Anuj Mehta leave to file a second amended complaint she called “futile.”...
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Illinois Delays Controversial Crypto Tax Amid Industry Lawsuit
Illinois officials and crypto groups jointly asked a state court to delay the 0.2% Digital Asset Tax from Jan. 1 to July 1, 2027, while a legal challenge continues.
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New York, Wyoming regulators sign pact to coordinate crypto oversight
The agreement will allow the two state regulators to share supervisory information, streamline licensing reviews and coordinate examinations and enforcement actions involving digital asset firms.
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Evernorth shareholders approve $1 billion XRP treasury deal, clearing path to Nasdaq debut
Armada Acquisition Corp. II shareholders approved the Evernorth merger. The XRP treasury company expects to hold ~473M XRP.
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LATAM stablecoin liquidity may depend on few providers, investor says
Researchers in a Latin American stablecoin ecosystem report warned “fragility in the system is concentrated in its thinnest layer,” with just 16 of 494 companies focused primarily on wholesale liquidity, treasury and credit.
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CHART: Time taken for the average US worker to earn one BTC tops 12 months
It currently takes over one year of full-time work for the average US worker to earn enough money to buy one BTC. But this wasn't always the case. Below is a chart of pre-tax and pre-living expense calculations, assuming an average US private sector employee working full-time using all wages to buy...
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Morning Minute: Crypto Gives Up on Congress and Goes After Senators
Plus, a major MetaMask security event has crypto natives on edge as details trickle out.
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Illinois agrees to six-month delay of crypto tax as industry continues court battle
Both sides agreed the 0.2% tax should be put off until July 1, if the court approves the deal, which will let the state and industry focus on the legal dispute.
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Bitcoin kicks off new quarter in the old $82,000-$85,000 price range
Prices briefly topped $85,000 on Wednesday after weaker-than-expected U.S. inflation cooled bets on Fed rate hikes, But bulls couldn’t hold the move and spot ETFs didn’t help.
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Binance’s EU services face scrutiny over licensing exemption: Report
EU regulators are reportedly examining Binance’s use of a MiCA exemption to serve customers as ESMA seeks stronger enforcement powers.
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Citigroup raises 12-month bitcoin target to $113,000 as ETF inflows resume
Citi also raised its 12-month target for ether from from $2,240 to $3,028.
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Chainalysis beats most Celsius claims, but ‘audit’ lawsuit survives
Chainalysis still faces an aiding-and-abetting claim over Celsius’ disputed $3.3 billion audit after a judge dismissed 15 other claims.
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EU Presses Binance Over ‘Reverse Solicitation’ Exemption for Users: Report
Regulators are probing how the exchange keeps serving EU customers from Abu Dhabi, months after it lost its MiCA registrations.
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Bitcoin think tank questions MSCI’s ‘invisible committee’ over Strategy, Metaplanet rule
A Bitcoin Policy Institute paper says MSCI’s proposed “non-operating company” rule could remove Strategy and Metaplanet from its indexes and may have roots in an earlier crypto treasury review.
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Bitcoin's soft-inflation pop to $85,500 fades as bond yields refuse to fall
A cooler-than-expected PCE report sent bitcoin briefly above $85,000 on Wednesday. Treasury yields held near their highest since 2002 and the gains drained away.
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CFTC seeks to define event contracts as swaps amid prediction market fight
The classification could assist the CFTC’s claim that it has exclusive federal jurisdiction over event contracts offered on regulated prediction markets.
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Mark Moss: The Bitcoin Endgame – BTC to $1 Million by 2030
Bitcoin Magazine Mark Moss: The Bitcoin Endgame – BTC to $1 Million by 2030 The Fed just raised rates, yet Bitcoin keeps climbing. Mark Moss, host of the Market Disruptors podcast, explains why he thinks most people are misreading why long-term rates are rising, how a booming economy could be part...
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Clarity Act’s failure gave crypto ‘faster’ regulatory wins, Bitwise CIO says
Bitwise’s Matt Hougan says Clarity’s defeat left crypto with fewer restrictions and faster SEC action.
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OFAC Sanctions Tren de Aragua ATM Network, Lists Seven Tron Addresses
Read the full story at The Defiant
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CFTC secures over $30 million judgment against defendants in Fundsz fraud case
The CFTC secured a win in court after the agency said two defendants participated in a crypto scheme that they then tried to walk back.
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Coinbase-Backed Crypto Group Reveals Midterm Endorsements After Clarity Act Collapse
The Coinbase-backed group's first Senate endorsements—Republicans Jon Husted and Ashley Hinson and Democrat Chris Pappas—come two weeks after the Clarity Act's collapse, as the industry's fight shifts to the campaign trail.