Timmy Shen

Timmy Shen

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ICYMI: Here’s a quick crypto news wrap from the U.S. session at @TheBlockCo 🏦 OpenEden issued the first tokenized access to BNY’s Global Short-Dated High-Yield Bond strategy. ⛏️ Bitcoin miner Cango secured financing as a potential NYSE delisting looms amid its low stock price. 👔 Zodia Markets CEO Usman Ahmad departed, with co-founder Nick Philpott stepping in as interim CEO. 💳 Stablecoin card infrastructure startup Kulipa raised $6.2M in a seed round. 🇭🇰 Hong Kong missed its March target for issuing its first stablecoin licenses. 🏛️ A crypto super PAC named a Tether executive as chairman as the stablecoin debate in Washington intensified. 📜 The Treasury issued a GENIUS Act rule proposal, seeking public comment on state oversight for smaller issuers. 📊 Paradigm has reportedly been mulling a move into prediction markets with a trading terminal and market-making desk. 🚨 Solana-based trading platform Drift was exploited for at least $200M in a major attack. 📉 Bithumb has pushed back its IPO timeline to 2028. 📈 Monad topped $350M in TVL, though low fees and falling FDV signaled caution. 🏦 EDX, backed by Charles Schwab and Citadel, has sought a national trust bank charter. 🗽 eToro rolled out crypto trading in New York three years after securing its BitLicense.

Australia has passed a bill requiring crypto platforms to obtain financial services licenses. The legislation, titled "Corporations Amendment (Digital Assets Framework) Bill 2025," passed the Senate on Wednesday, clearing both houses of the parliament. full story ⏬

JUST IN - @Binance is set to launch a prediction market feature within its wallet app through third-party partnerships. "We are beta testing in-app access to on-chain prediction markets through a third-party integration," a Binance spokesperson told The Block. "This broadens the range of things users can do in Binance Wallet. We will be making our announcements on our official channels when we are ready," said the spokesperson. full story ⏬

ICYMI: Here’s a news wrap during our US session at @TheBlockCo 🇺🇸 GOP senators unveiled the “Mined in America Act” to expand crypto mining and reinforce a strategic bitcoin reserve. 🏗️ Bitdeer inked a deal to build Norway’s largest AI data center for Nvidia’s next-gen chips. 📊 Strive and Tuttle filed for an ETF targeting Strategy’s preferred STRC stock alongside Strive’s SATA. 📉 Trump-linked American Bitcoin hit the 7,000 BTC milestone, even as its shares slid into penny stock territory. 🗳️ Anchorage Digital and Chainlink backed a new crypto PAC as election season heats up. 🔒 Aster perps DEX switched to a staking-only token emission model, cutting monthly unlocks by 97%. 🏈 The CFTC signaled it may defer to sports leagues as the NFL pushed for tighter prediction market guardrails. 🧬 Cardano's Charles Hoskinson introduced Midnight, a privacy-focused partner chain. ⚖️ A Maryland man was charged in the $54M Uranium Finance hacks and faces up to 30 years in prison. 🚨 Sen. Richard Blumenthal raised concerns after a former U.S. SEC enforcement lead’s brief tenure and the decision to drop charges against Justin Sun.

ICYMI: Here’s a news wrap from our U.S. session at @TheBlockCo 🏗️ Cipher Digital added a third AI lease and lined up a $200M credit facility as CIFR shares jumped 10%. 📊 Bitwise said Circle could be worth $75B by 2030, defending the stock following its recent selloff. 💰 Stablecoin startup Payy raised $6M in seed funding, focusing on private transactions. 🏦 Visa took on a Canton Super Validator role, marking a deeper push into blockchain governance. 🤝 Startale Group closed a $63M Series A backed by SBI Group and Sony Innovation Fund. 🚀 Morgan Stanley’s spot Bitcoin ETF launch has been seen as imminent, according to analysts. ⚠️ Binance outlined new red flags for market makers and token launches in updated trading rules. 🪙 Franklin Templeton tapped Ondo Finance to tokenize five equities and gold ETFs. 🇬🇧 UK’s Starmer backed a pause on crypto political donations over illicit finance concerns. 🏛️ Lawmakers have weighed a tokenization push as the SEC prepares an innovation exemption plan. 💳 Mastercard is set to act as a crypto-fiat “network connector” following the BVNK acquisition, said Mizuho analysts.

ICYMI: Here’s a quick news wrap from the weekend at @TheBlockCo 🧾 The CFTC has outlined how crypto firms can use digital assets as collateral for derivatives in a new FAQ. 🇧🇷 Brazil’s new finance minister has shelved a planned crypto tax consultation as the government shifts its focus toward the country's October presidential election. ⚠️ Resolv’s USR stablecoin depegged after an attacker created roughly 80 million unbacked tokens, extracting roughly $25 million, according to multiple blockchain security firms. 🇮🇳 CoinDCX’s co-founders have been arrested by Indian police over alleged fraud, though they denied wrongdoing and blamed an impersonation scheme, local media reported. 📈 NYSE exchanges have completed the industry-wide removal of position limits on crypto ETF options. ⛏️ Bitcoin's mining difficulty fell 7.76% in its latest biweekly adjustment on Saturday.

Fidelity has urged the SEC to develop clearer rules to integrate crypto into existing market structures — especially alternative trading systems (ATS). It said broker-dealers still need more clarity to offer, custody and trade crypto assets, and to support crypto-security trading pairs. full story 👇

Gemini has been hit with a class-action lawsuit in New York, accusing the firm of misleading investors about its strategy before and after its 2025 IPO. Gemini’s stock closed at $32 on its first trading day in September but has since fallen over 80% to around $6 as of Thursday. full story ⏬

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