Author: admin

The producer price index report released on Thursday, the 10th of September, showed that the cost of goods and services rose 0.4% for the month, in line with expectations. On an annual basis, the PPI was at 5.4%, 0.1% higher than expected and still well above the Fed’s target of 2% inflation target. It was reported that stock market futures were negative as a result, and this bearish sentiment transferred to the crypto markets too. Bitcoin [BTC] witnessed a 2.2% decline for the day, falling to a low of $76,464 before bouncing to $77,249 at the time of writing. This…

India’s Financial Intelligence Unit, the agency enforcing anti-money laundering reporting rules for crypto services, has issued non-compliance notices to 15 providers and separately sought the takedown of their apps and URLs from public access in India.The Sept. 9 announcement says the services were operating without meeting relevant requirements under the Prevention of Money Laundering Act. The practical risk is loss of public app and website access, but the release does not say that every service is already blocked or that customer accounts, balances or withdrawals have been frozen.FIU-IND named both the consumer-facing brands and their associated entities. The first six…

Returning for its third year, Zoomex’s flagship global trading competition expands across crypto perpetuals, stock contracts, AI-powered trading, team competition, and interactive rewards Global, 10 September 2026 — Zoomex, a global cryptocurrency trading platform focused on derivatives, has announced the launch of the Zoomex World Trading Championship 2026 (ZWTC 2026). Returning for its third year, the flagship competition features a total prize pool of up to 5,000,000 USDT, the largest announced in ZWTC history. ZWTC 2026 introduces an expanded multi-asset competition format built around three participation areas: the Team Competition, the Solo Battle, and the Rewards Zone. Across these areas,…

The US Securities and Exchange Commission has approved a Nasdaq Texas rule that gives qualifying commodity-linked trusts more flexibility over what they can hold while allowing actively managed strategies.Under the Sept. 3 approval order, a qualifying Commodity-Based Trust Share must keep at least 85% of its net asset value in cash, cash equivalents, or commodities, commodity-based assets, and securities that meet the rule’s eligibility tests. The remaining 15% can include specified digital commodities or securities that do not meet those tests.In practice, that means a trust can put up to 15% into otherwise ineligible assets without losing access to the…

A Satoshi-era Bitcoin wallet has moved 600 BTC after more than 16 years of dormancy, drawing fresh attention to one of the market’s favorite on-chain signals: old coins waking up. The wallet dates back to 2010, when Bitcoin mining rewards were still 50 BTC per block and the network was tiny compared with today. The 600 BTC transferred on September 6 was worth about $47.7 million at the time of the move. On-chain data shows the coins were consolidated into two Native SegWit addresses, with no confirmed movement to centralized exchange deposit wallets. That last point matters. A dormant-wallet move…

Bitget Wallet has launched Assetback, a card rewards program that lets users earn up to 3% cash-back in selected digital assets, including Bitcoin, tokenized gold, and tokenized U.S. stocks. The product sits in a busy corner of crypto: payments, rewards, tokenized assets, and self-custodial wallets all meeting at the checkout layer. It is a clean consumer idea. Spend through a card, earn rewards in assets that feel more investment-like than ordinary points. But the details matter, especially around caps, eligibility, and what tokenized equities actually represent. This should not be read as uncapped 3% rewards on every transaction for every…

Tether is pursuing Xinbi Guarantee across its USDT payment network, freezing operational wallets as the sanctioned marketplace tries to keep transacting.Blockchain analytics firm Bitrace said on Sept. 9 that more than $45 million in USDT had been frozen across at least 22 operational addresses linked to Xinbi, including wallets used to receive, route, and withdraw funds.Xinbi’s Tether USDT Impacted Addresses (Source: Bitrace)The action targets a network already under government scrutiny. The UK sanctioned Xinbi Guarantee in March, identifying it as a major Chinese-language crypto marketplace and money-laundering hub serving Southeast Asian scam compounds.Tether targeted Xinbi’s USDT infrastructureThe $45 million freeze…

Bitcoin treasury company Strive added almost $12 million to its annualized preferred-dividend burden in one week as its SATA preferred share count grew, according to calculations using its Sept. 8 disclosure.At the current rate, the larger share base implies about $130 million in yearly payouts, while higher cash left static cash-only coverage almost unchanged.SATA is variable-rate perpetual preferred equity, and each additional share increases the estimated recurring payout at the current 13% dividend rate.The company reported buying 1,375 BTC during the Aug. 31-Sept. 4 period at an average price of approximately $79,281 per coin, including fees and expenses. That brought…

Bangko Sentral ng Pilipinas is weighing a temporary moratorium on new Operator of Payment Systems licenses as part of a wider push to strengthen compliance standards around payment operators and virtual asset service providers. The policy update targets licensing and oversight. It should not be treated as a ban on crypto trading in the Philippines, and it does not mean existing licensed operators have automatically lost approval. That distinction matters. Regulators often tighten the entry gate before they move to broader enforcement. In this case, the central bank appears to be looking at new registrations, audit standards, cybersecurity reviews, and…

Silvergate’s former chief executive, Alan Lane, says the crypto-focused bank survived withdrawals of roughly 70% of its demand deposits before political pressure drove it to choose liquidation.His account raises a question for the crypto companies obtaining federal bank charters: how much protection does becoming a bank actually provide?In his Sept. 8 account, Lane blamed the former President Joe Biden administration for making continued operations untenable.More than three years after the bank announced its voluntary wind-down, crypto companies are obtaining federal trust-bank charters that put their custody businesses directly under the Office of the Comptroller of the Currency.Federal trust charters give…