BitcoinWorld Bybit Kazakhstan and AFSA Pioneer Stablecoin Payments for AIFC Regulatory Fees ASTANA, Kazakhstan, Sept. 5, 2025 /PRNewswire/ — Bybit Kazakhstan (Bybit Limited), a subsidiary of Bybit – the world’s second-largest cryptocurrency exchange by trading volume, today announced a strategic collaboration with the Astana Financial Services Authority (AFSA) to enable participants of the Astana International Financial Centre (AIFC) to pay regulatory fees using U.S. dollar–pegged stablecoins. This initiative follows AFSA’s announcement of a pioneering framework that allows licensed digital asset service providers to act as agents for settling regulatory fees via stablecoins. Bybit Limited proudly became the first signatory of the multilateral memorandum of understanding (MMoU), underscoring the exchange’s trusted status as a compliant, innovative partner in Kazakhstan’s rapidly evolving digital finance ecosystem. The agreement, announced during the Astana Finance Days conference, expands the AIFC’s payment ecosystem. Under the agreement, Bybit Kazakhstan will provide AFSA with a customized Bybit QR Pay solution and a dedicated stablecoin wallet for invoicing, offering both efficiency and transparency in the process. Mazurka Zeng, Chief Operating Officer at Bybit said, “Bybit Kazakhstan is honored to stand alongside AFSA in shaping a regulatory-first model for stablecoin adoption. As the first MMoU signatory, we see this as a strategic milestone that reflects both AFSA’s forward-looking vision and the trust placed in Bybit to deliver compliant, secure, and frictionless payment solutions. Together, we are building an infrastructure that empowers entrepreneurs, consumers, and businesses to capture borderless opportunities in the stablecoin-powered financial future.” AFSA Chief Executive Officer Evgeniya Bogdanova commented, “Stablecoins are reshaping global finance, and by accepting regulatory fees in USD-pegged stablecoins we make the AIFC faster, more open, and firmly connected to the future — offering participants a modern, reliable way to grow within a trusted regulatory framework.” This partnership reinforces Kazakhstan’s role as a frontrunner in regulated digital finance and showcases Bybit’s commitment to supporting compliant innovation that bridges traditional finance and the digital asset economy. #Bybit / #TheCryptoArk / #BybitKazakhstan About Bybit Kazakhstan (Bybit Limited) Bybit Kazakhstan is an AIFC Participant licensed by AFSA to operate a Digital Asset Trading Facility and provide Money Services in relation to Digital Assets. Bybit Kazakhstan develops compliant infrastructure to support institutions and enterprises engaging with digital assets in Kazakhstan. www.bybit.kz Media contact: media@bybit.com About AFSA The Astana Financial Services Authority (AFSA) is the independent regulator of financial services and related activities in the AIFC. AFSA’s mandate is to foster a fair, transparent and efficient financial centre aligned with international standards. www.afsa.kz This post Bybit Kazakhstan and AFSA Pioneer Stablecoin Payments for AIFC Regulatory Fees first appeared on BitcoinWorld and is written by chainwire

Stay Ahead with Our Timely Insights of Today’s Next Crypto to Explode Check out our Live Next Crypto to Explode Updates for September 5, 2025! Crypto is so unthinkably huge at the moment, a nearly $4 trillion industry that’s aiming for world domination. Recent headlines talk of Circle and Mastercard planning to add USDC to global payment systems, Ethereum and Bitcoin treasuries in the billions of dollars, and Google building its own blockchain. Bitcoin has an all-time growth of over 180,000,000%, Dogecoin over 39,000%, and some of the newest presale coins often pump 10x, 100x, or even 1,000x on rare occasions. Explosive potential is probably the single best description for what we’re seeing today in crypto. Quick Picks for Coins with Explosive Potential Bitcoin Hyper ($HYPER) - Real-Time Layer-2 Solution for Scaling Bitcoin Launch: May, 2025 Join Presale Maxi Doge ($MAXI) - High-Impact Meme Coin Built On Strength, Staking & Conviction Launch: July, 2025 Join Presale PepeNode ($PEPENODE) - A New, Gamified Way to Mine to Earn Meme Coin Rewards Launch: February, 2025 Join Presale Wall Street Pepe ($WEPE) - Empowering Retail Traders with Viral Meme Energy & Exclusive Insights Launch: February, 2025 Join Presale TOKEN6900 ($T6900) - Meme-Powered Movement Against Corporate Control Launch: June, 2025 Join Presale If you’re looking for the most recent insights on the next crypto to explode , stay tuned. We update this page frequently throughout the day, as we get the latest and greatest insider insights for chart sniffers and traders looking for the next coin to explode. Disclaimer: Crypto is a high-risk investment, and you may lose your capital. Our content is informational only, and it does not constitute financial advice. We may earn affiliate commissions at no extra cost to you. Why $BEST Is the Next Crypto to Explode in the ECB’s Digital Euro Era September 5, 2025 • 10:12 UTC The European Central Bank is accelerating its plans for a digital euro , arguing it’s key to ensuring availability during major disruptions such as banking crises, cyber attacks, and power outages. This aligns perfectly with what Best Wallet is building: secure, user-friendly tools for navigating the decentralized economy, anywhere, anytime. Its non-custodial, multi-chain wallet offers seamless swaps and staking, token management, and dApp integration, all designed to make Web3 accessible to everyone. And with its native token, $BEST , now in presale, early adopters have a rare gap to get in on what many are calling the next crypto to explode . After all, with the non-custodial wallet market predicted to hit $3.5B by 2031 , our experts suggest $BEST could triple in price and reach $0.0723 by this year’s end . As Europe prepares for a new era of payments, Best Wallet is building the tools users need now. Find out how to buy $BEST for just $0.025595 on presale now. Maxi Doge Rides the $DOGE ETF Wave as the Next Crypto to Explode September 5, 2025 • 10:12 UTC With the first $DOGE ETF about to drop in the US, Wall Street’s finally loading up on meme muscle.At the same time, Thumzup Media is shifting its business model toward Dogecoin mining – a bold strategy reflecting growing confidence in $DOGE as more than just a speculative token. Now, all eyes are on Maxi Doge ($MAXI) , the pre-workout of the crypto world. This beast isn’t here to play. It’s built for high-risk, high-reward degens who don’t skip leg day. What is Maxi Doge? With 1,000x leverage appeal and meme-fueled momentum, Maxi Doge is a creatine-fueled, DOGE-inspired presale that’s already raised nearly $1.9M. If you’re looking for the next crypto to explode , this is your shot to get in before the rest of the market even laces up. Find out how to join the $MAXI presale now for just $0.0002555 a token . Authored by Bogdan Patru, Bitcoinist — https://bitcoinist.com/next-crypto-to-explode-live-news-september-5-2025/

The South Korea Financial Services Commission (FSC) has implemented comprehensive guidelines capping crypto lending interest at 20% annually while completely banning leverage services that exceed collateral value. According to a local report , the new self-regulatory framework takes effect immediately following concerns over investor harm from overheated exchange competition . The Financial Services Commission announced the “ Virtual Asset Lending Guidelines ” today, September 5, developed with the Financial Supervisory Service and Digital Asset Exchange Association. A Response to the Market Overheating Concerns The guidelines establish three core pillars: service scope restrictions, enhanced user protection, and market stability measures. The regulatory intervention follows dramatic growth in crypto lending services since July. Upbit introduced programs that allow users to borrow up to 80% of their deposit values, using Tether, Bitcoin, and XRP as collateral. Rival Bithumb offered loans worth up to four times customer holdings before authorities intervened. Financial authorities previously ordered the temporary suspension of all crypto lending services on August 18 due to concerns about regulatory gray areas. South Korea has moved to rein in risky lending practices in the digital asset sector, ordering exchanges to suspend crypto lending services. #SouthKorea #Lending https://t.co/u5z5OUVozo — Cryptonews.com (@cryptonews) August 19, 2025 Subsequent inspections revealed that approximately 27,600 investors borrowed 1.5 trillion won ($1.1 billion) in one month alone, with 13% facing forced liquidation due to market volatility. Seoul Slams the Brakes on Risky Lending The new guidelines impose sweeping restrictions on virtual asset lending operations. Particularly, leveraged lending exceeding collateral value is completely prohibited, while Korean won cash lending services are entirely banned. Exchanges must utilize only their own assets for lending operations. Third-party consignment or collaborative lending arrangements are also strictly prohibited under the framework. This eliminates indirect lending models that previously operated through external partnerships or delegated structures. Lending eligibility is restricted to the top 20 cryptocurrencies by market capitalization or assets listed on three or more Korean won exchanges. Assets subject to trading restrictions or suspected abnormal trading activity face exclusion from lending programs. Notably, among the implemented user protection measures are mandatory online training and aptitude tests for first-time borrowers through DAXA-sponsored programs. Lending limits range from 30 million to 70 million won based on individual trading experience and transaction history. The 20% annual commission rate cap applies across all lending products, while exchanges must publicly disclose loan status by product and forced liquidation instances. Similarly, internal control mechanisms must be implemented to prevent excessive price fluctuations from concentrated positions in specific assets. Market impact considerations guide asset selection for lending programs under the stability framework. Regulators Play Global Catch-Up Game The August 18 suspension order preceded comprehensive on-site inspections conducted from August 26 to September 2. The Financial Supervisory Service assessed user protection measures while forming task forces with DAXA and relevant organizations to develop global best practices. The crackdown occurs alongside broader regulatory developments. South Korea officially joined the OECD’s Crypto-Asset Reporting Framework , requiring exchanges to share transaction data with tax authorities starting in 2027. South Korea will share crypto transactions by non-residents on local exchanges such as Upbit and Bithumb, with countries worldwide. #SouthKorea #CryptoTransaction #SouthKoreaCrypto https://t.co/ZD56JHeM9H — Cryptonews.com (@cryptonews) September 2, 2025 Domestic exchanges, including Upbit and Bithumb, must report personal information and transaction data for residents of partner countries beginning next year. The Ministry of Economy and Finance plans to issue administrative notices this month detailing CARF implementation regulations. The framework aims to prevent offshore tax evasion while increasing transparency through automated information exchange systems. As a result of improving regulations, Binance CEO Richard Teng has scheduled a visit next week , aiming to discuss regulatory cooperation as authorities prepare for spot crypto ETF approvals and develop Korean won-pegged stablecoin frameworks. This comes as the exchange received its second Certificate of Appreciation from the Korean National Police Agency for its efforts in cybercrime prevention. While adoption is growing across verticals, FSC chairman nominee Lee Eok-won faces criticism for investing in MicroStrategy shares while maintaining that crypto has “no intrinsic value.” The FSC chairman nominee confirmation hearing revealed investments in US stocks, including MicroStrategy, drawing criticism from lawmakers promoting domestic market growth. The criticism intensified due to his belief that Bitcoin lacked intrinsic value, despite the global trend of corporate adoption. Looking forward, President Lee Jae-myung’s administration is expected to continue developing crypto regulations, including the ongoing Korean won-pegged stablecoin frameworks , despite current restrictions on lending services. The post South Korea Caps Crypto Lending at 20% Interest, Bans Over-Collateralized Loans appeared first on Cryptonews .

Wintermute , a trading firm involved in cryptocurrency markets, has requested that US regulators officially declare that certain blockchain tokens should not be subject to securities laws .

Abu Dhabi Global Market (ADGM) has granted GFO‑X Group in‑principle approval to establish a digital asset exchange and clearing house, the two parties announced. The approval positions GFO‑X to offer regulated venues for trading, clearing and settlement of tokenized securities and digital assets under ADGM’s financial services framework. GFO‑X said the platform will support institutional

Gemini announced the launch of ETH staking and Solana staking services across the European Union with no minimum deposit requirement, broadening institutional and retail access. The exchange states Solana staking

Singapore, Singapore, September 5th, 2025, Chainwire LBank , a leading global cryptocurrency exchange, is excited to announce a strategic partnership with CertiK Skynet to enhance platform security. This initiative invites security researchers to identify vulnerabilities, reinforcing LBank’s commitment to robust risk management. CertiK Skynet, a real-time automated security evaluation system, provides independent assessments for Web3 projects, exchanges, and wallets. As the leading centralized exchange (CEX) to integrate Skynet, LBank strengthens its transparency and real-time monitoring capabilities. This initiative reflects LBank’s unwavering commitment to user protection and platform integrity. The exchange previously partnered with Elliptic to strengthen AML compliance, and with CertiK for security protection, this collaboration with CertiK Skynet marks a proactive step in addressing vulnerabilities before they impact users. With a decade-long record of zero security incidents, LBank continues to prioritize security. The exchange is advancing its multi-layered defense strategy, integrating AI-driven monitoring, strategic partnerships, and community efforts to protect user assets and maintain trust. About CertiK CertiK is the largest Web3 security services provider, utilizing industry-leading formal verification technology to protect and monitor blockchain protocols and smart contracts. Founded in December 2017 by professors from Yale University and Columbia University, CertiK applies cutting-edge innovations from academia to enterprise, enabling mission-critical applications to scale with safety and correctness. About LBank Founded in 2015, LBank is a leading global cryptocurrency exchange, serving over 15 million registered users across more than 210 countries and regions. With daily trading volume exceeding $4 billion and a 9-year track record of safe operations with zero security incidents, LBank is committed to delivering a comprehensive and user-friendly trading experience. Through innovative trading solutions, LBank has helped users achieve average returns of over 130% on newly listed assets. As a pioneer in the Memecoin sector, LBank has listed over 300 mainstream Memecoins and 50+ high-potential Meme gems. With the highest proportion of 100x Meme assets globally, LBank stands out with fastest altcoin listings, Top 1 in Meme liquidity and trading guarantee — making it the go-to platform for Memecoin investors worldwide. Users can follow LBank for Updates Website: https://www.lbank.com/ Twitter: https://twitter.com/LBank_Exchange Telegram: https://t.me/LBank_en Instagram: https://www.instagram.com/lbank_exchange LinkedIn: https://www.linkedin.com/company/lbank For media requests, users can contact: Email: press@lbank.com ContactPR & CommunicationsLBankpress@lbank.com Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

The tokenized real-world assets market has surged to $26.5 billion following 70% growth in 2025, yet new research warns that rapid expansion could trigger an “ on-chain subprime crisis ” through what analysts call the “ RWA Liquidity Paradox. “ Tristero Research released a comprehensive study warning that tokenization creates dangerous mismatches between slow-moving physical assets and the hyper-fast blockchain market. The research argues that wrapping illiquid assets, such as buildings, loans, and commodities, in liquid digital shells amplifies systemic risk rather than reducing it. Market Growth and Trillion-Dollar Projections Defies Structural Concerns The warning comes as the sector experiences massive growth. RWA tokenization has expanded 245 times since 2020, growing from $85 million to the current $26.5 billion market valuation. Source: Tristero Research Private credit and U.S. Treasuries dominate nearly 90% of tokenized value, while Ethereum maintains 55% market share. Industry projections remain bullish despite the warnings. Animoca Brands’ research suggests the sector could tap into a $400 trillion traditional finance market , while Skynet’s 2025 RWA Security Report forecasts growth to $16 trillion by 2030 . Tokenized U.S. Treasuries alone are projected to reach $4.2 billion this year. The regulatory climate has improved significantly with the passage of the GENIUS Act , the first major crypto legislation approved by Congress. The bill provides regulatory clarity for stablecoins and tokenization companies, allowing institutions and technology firms to operate under established frameworks. Major players have positioned themselves strategically. BlackRock issues tokenized Treasuries , Figure Technologies has billions in private credit on-chain, and real estate deals from New Jersey to Dubai trade on decentralized exchanges. Tokenization of RWAs could unlock a $400 trillion traditional finance market, according to new research from @animocaresearch . #Tokenization #RWA https://t.co/Flp1yvBP3Y — Cryptonews.com (@cryptonews) August 25, 2025 The Liquidity Paradox Warning: 2008 Financial Crisis Might Repeat Itself Tristero Research’s analysis centers on fundamental structural flaws in current tokenization approaches. The firm argues that tokenization doesn’t change asset characteristics. Office buildings, private loans, and gold bars remain slow and illiquid, despite digital wrappers that facilitate instant trading. The research compared this to the 2008 financial crisis , when subprime mortgages were transformed into complex securities through Mortgage-Backed Securities and Collateralized Debt Obligations, creating apparent liquidity from illiquid foundations. Source: Tristero Research The mismatch between slow mortgage defaults and fast-moving derivatives amplified local problems into global shocks. RWA tokenization risks repeating this pattern at blockchain speed. The research cited a commercial property token in New Jersey where the building’s legal transfer requires weeks of title checks and county filings. However, its digital representation trades 24/7 on decentralized exchanges. The research outlines potential crisis scenarios. In one example, a private credit protocol with $5 billion in tokenized SME loans faces real-world defaults while oracles update monthly. Market prices fall before official valuations adjust, triggering automated liquidations that create feedback loops, crashing the entire system within minutes. A second scenario involves tokenized commercial properties where custodian hacks or natural disasters compromise legal claims. On-chain tokens collapse immediately while underlying assets remain intact, creating bad debt across DeFi protocols that used the tokens as collateral. Additionally, the analysis warns of “RWA-squared” derivatives, which are second-layer products that bundle tokenized assets into indices and structured products. These instruments promise diversification but share correlation through DeFi infrastructure, meaning oracle failures or protocol governance problems could crash all RWA derivatives simultaneously. Regulatory Progress and Market Expansion The GENIUS Act’s passage created immediate opportunities for compliant technology companies. Speaking with Cryptonews, Dave Hendricks, Vertalo’s CEO, said the legislation benefits builders more than banks, as institutions seeking speed to market will likely acquire rather than develop blockchain capabilities internally. Similarly, Walter Hessert from Paxos shared with Cryptonews that the Act validates years of compliant infrastructure development alongside enterprises like Stripe, Mastercard, and PayPal. The regulated digital dollar infrastructure now enables large-scale RWA tokenization with stablecoins serving as essential on-chain settlement mechanisms. As a result, partnership opportunities emerged between traditional financial institutions and blockchain technology companies. Banks bring client relationships and regulatory expertise while tech firms provide infrastructure and compliance frameworks. For instance, IBM is developing tokenization frameworks for enterprise assets and bank money to address technical and governance challenges. However, challenges persist beyond regulatory clarity. While speaking with Cryptonews, Ryan Zega from Aptos Labs identified integration gaps between on-chain networks and off-chain financial systems as primary obstacles. Because of this, he suggested that “ there’s a continuing need to educate policymakers, financial institutions, and the public on the practical benefits of this technology beyond headlines and speculation. That understanding will be key to long-term adoption. ” The post Tristero Research Warns RWA Tokenization Could Trigger ‘On-Chain Subprime Crisis’ appeared first on Cryptonews .

Boerse Stuttgart Group, the sixth-largest exchange operator in Europe, has launched a blockchain-powered settlement platform aimed at handling cross-border transactions of tokenized assets. Key Takeaways: Boerse Stuttgart has launched Seturion, a blockchain-based settlement platform for tokenized assets. The platform supports both public and private chains, with settlements in central bank money or on-chain cash. Europe’s tokenization race is accelerating under the DLT Pilot Regime. The platform, named Seturion, is designed to service banks, brokers, trading venues, and tokenization platforms, with support for both public and private blockchains. According to the group’s announcement on Thursday , settlements through Seturion can occur in central bank money or on-chain cash, offering flexibility for institutions navigating the shift toward tokenized finance. Boerse Stuttgart’s Blockchain Platform Goes Live in Switzerland The platform is already live at BX Digital, Boerse Stuttgart’s regulated distributed ledger technology (DLT) trading venue in Switzerland, and further rollout across the group’s exchanges is underway, pending regulatory approval. Seturion has already undergone testing in collaboration with local banks and the European Central Bank, forming part of broader blockchain infrastructure trials. The launch comes as Europe accelerates its embrace of tokenization under the EU’s DLT Pilot Regime, which enables regulated players to trial blockchain infrastructure in capital markets. Financial institutions across the continent are exploring on-chain issuance of bonds, equities, and structured products. Boerse Stuttgart’s move follows a string of similar initiatives in Europe. In Switzerland, Taurus, backed by Deutsche Bank, recently debuted a Solana-based custody and issuance platform. Robinhood rolled out a tokenization-focused Arbitrum layer-2 for European users in June, while Backed Finance expanded its tokenized equities offering to Ethereum earlier this week. Börse Stuttgart, the 6th largest exchange group in Europe, has launched Seturion, a new blockchain platform to organize and manage settlements of tokenized assets throughout Europe, targeting banks and brokers with support for public & private blockchains. $BTC $ETH $LINK $ONDO pic.twitter.com/5sgeUtXeSe — ALLINCRYPTO (@RealAllinCrypto) September 5, 2025 The momentum isn’t confined to Europe. In the US, BlackRock’s BUIDL money market fund, tokenized in partnership with Securitize, has now expanded to Solana. Meanwhile, SkyBridge Capital plans to tokenize $300 million in assets on Avalanche, marking a significant boost to that network’s real-world asset footprint. Notably, Robinhood has come under regulatory fire in the EU after launching tokenized stock products linked to private companies like OpenAI and SpaceX. The Bank of Lithuania confirmed it is investigating the legality and investor disclosures related to these blockchain-based “Stock Tokens,” which launched on June 30. OpenAI publicly disavowed any connection, stating it never approved the tokens and warning investors to be cautious. Tokenized Real-World Assets May Unlock $400T TradFi Market In a recent research, Web3 digital property firm Animoca Brands said that tokenization of RWAs could unlock a $400 trillion traditional finance market. Animoca researchers Andrew Ho and Ming Ruan said the global market for private credit, treasury debt, commodities, stocks, alternative funds, and bonds represents a vast runway for growth. “The estimated $400 trillion addressable TradFi market underscores the potential growth runway for RWA tokenization,” they wrote. Meanwhile, according to the 2025 Skynet RWA Security Report, the market for tokenized RWAs could grow to $16 trillion by 2030 . Tokenized U.S. Treasuries alone are projected to reach $4.2 billion this year, with short-term government bonds driving most of the activity. Institutional interest is accelerating, with major banks, asset managers, and blockchain-native firms exploring tokenization for yield and liquidity management. Skynet highlighted emerging use cases across private credit, trade finance, and money market funds, noting that regulatory frameworks in Hong Kong, Singapore, and the US could further support adoption. The post German Exchange Boerse Stuttgart Launches Blockchain Settlement Platform for Tokenized Assets appeared first on Cryptonews .

When the overlapping contradictions of value allocation, technical constraints, user experience, regulatory compliance, and competition converge, building your own blockchain becomes the inevitable choice.

The SEC’s Office of Inspector General (OIG) released a report revealing that nearly a year’s worth of Gensler’s texts were permanently lost due to “avoidable errors” by the regulator’s IT department. This period includes major events like the FTX collapse, the Grayscale Bitcoin ETF lawsuit, and other major crypto enforcement actions. Important Crypto and White House Matters In a Wednesday report, the OIG revealed that in August 2023, the SEC’s IT department mistakenly wiped Chair Gary Gensler’s government phone after wrongly marking it as inactive, resulting in the loss of stored text messages and operating system logs. The investigation also found that the department had not kept important log data, leaving both the agency and its contractors unable to explain why Gensler’s phone stopped connecting to the SEC’s system and triggered the wipe. The absence of backups, weak procedures, and failure to follow record-keeping rules for senior officials made the problem worse and limited the regulator’s response. The OIG determined that some of the recovered texts touched on sensitive SEC matters, including actions against crypto platforms and their founders, settlement talks with major financial institutions, and high-level exchanges with the White House. Nate Geraci, president of NovaDius Wealth Management, called the situation “serious,” pointing out that the erased messages dated back to a key period in crypto, covering events from the FTX collapse to the Grayscale spot Bitcoin ETF lawsuit. Investigators examined about 1,500 texts obtained from colleagues and other sources. They found that most met the definition of federal records, with around 38% of the conversations “mission related” and directly involving senior staff and commissioners, and core SEC business. These included a May 2023 discussion with the Enforcement Division Director about filing an action against certain crypto trading platforms, a June exchange with a Commissioner over a proposed settlement with a global financial firm, and a July conversation about an upcoming White House meeting. SEC Slammed for Lost Gensler Texts Around the same time that the former chair’s messages were permanently erased due to an internal device wipe, the agency was aggressively enforcing record-keeping violations across Wall Street. Major investment banks and financial institutions, including JPMorgan, Goldman Sachs, and Citigroup, were charged with failing to preserve communications on unauthorized messaging apps like WhatsApp and Signal, in violation of the 1934 Securities Exchange Act. Coinbase Chief Legal Officer Paul Grewal pointed out the irony, noting that after years of lecturing from the financial watchdog’s leadership about data preservation and compliance, the agency had failed to preserve critical communications during a pivotal period in crypto regulation. He also suggested that this wasn’t an “oops” moment but rather a deliberate destruction of evidence relevant to pending litigation. The Inspector General has warned that the missing records may affect the SEC’s ability to respond to certain Freedom of Information Act requests. Meanwhile, following the events, the financial watchdog has disabled texting on most agency devices, alerted the National Archives about the lost information, launched Capstone records training for senior officials, and upgraded backup systems. The post SEC Blunder Wipes Former Chair Gensler’s Texts from Key Crypto Period appeared first on CryptoPotato .

Bitcoin (BTC) steadied near $111,600 on Friday morning, showing relative resilience even as macro jitters pulled global risk assets lower. Ether (ETH) slipped 0.7% to $4,330 while Solana’s SOL (SOL) added 1.3% to trade above $204. XRP (XRP) hovered near $2.81, flat on the day but up 3.5% over the week. The week’s backdrop has been dominated by U.S. labor data and shifting expectations around the Federal Reserve. Friday’s jobs report is widely expected to show unemployment climbing, firming bets on a September rate cut. But traders are no longer expecting an extended easing cycle. “While high unemployment numbers indicated the Fed is likely to cut rates in mid-September, traders now believe that reductions throughout the rest of the year will be limited in scope,” said Jeff Mei, COO at BTSE. “The Fed is wary of introducing too much new money into the economy for fear of inflation. This is why gold has rallied while cryptocurrencies and stocks fell.” Gold touched a fresh high above $3,500 an ounce earlier this week, indicative of a broad appetite for hard stores of value. That parallel has only heightened comparisons between the metal and bitcoin. “Bitcoin has matured beyond being just a speculative asset and is widely recognized as a store of value and a hedge against currency debasement, fiscal instability, and geopolitical risk,” said Vikrant Sharma, CEO of Cake Wallet, in a Telegram message. “Volatility has reduced but not disappeared, which is understandable for an asset just over a decade old. The narrative has shifted: it’s now a strategic allocation rather than just a speculative asset," he added. Sharma added that periods of low volatility often precede major price moves. “A $100,000 plus floor makes Bitcoin feel less like a high-beta trade and more like a global reserve asset in the making,” he said. Despite headwinds, Bitcoin’s dominance has remained firm. It still commands approximately 60% of the total crypto market capitalization, helping to stabilize sentiment even as altcoins have swung sharply. “Despite recent market volatility, Bitcoin has demonstrated remarkable resilience, dropping only 3% while maintaining its 60% dominance,” said Nassar Achkar, Chief Strategy Officer at CoinW, in an email. “The Fed’s potential rate cuts later this year, combined with ongoing institutional adoption via ETFs and digital asset tokens, continue to provide strong fundamental support. That said, traders should remain cautious of shifting policies which may drive near-term fluctuations,” Achkar added. The mixed outlooks come amid market fragility heading into September, historically crypto’s weakest month.

Bank of England (BoE) Deputy Governor for Financial Stability has shared her vision for a “multi-money” system that includes stablecoins and other traditional assets in the UK ahead of the upcoming consultation on its crypto policy proposals. BoE Eyes ‘Multi-Money’ System With Stablecoins On Wednesday, Bank of England Deputy Governor Sarah Breeden affirmed that the central bank must keep up with the global developments as innovative technology paves new ways of making pavements. In a conference in London, Breeden detailed her vision for a system where multiple forms of money, including traditional and tokenized commercial bank deposits, stablecoins, and central bank money, are freely interchangeable, “with technology driving faster, cheaper, and more innovative payments for the benefit of business, households, and users of financial markets; and – critically – with the whole system underpinned by trust in money itself.” To achieve this, the deputy governor outlined that the BoE must provide the necessary underlying infrastructure, deliver proper regulatory frameworks, and establish an overall strategy to facilitate innovation and economic growth while protecting financial stability. She emphasized the need for a robust regulatory framework that enables innovation to thrive, as appropriate risk management will support broader adoption and the sector’s development. However, Breeden noted that designing those regulatory regimes in a fast-moving world isn’t an easy task, forcing officials to be open to “learning as we go.” According to Bloomberg, the deputy governor also stated that UK officials have “an eye” on US regulation following the enactment of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in July. “US dollar stable coins will have an influence all around the world,” she affirmed, adding that it is “absolutely essential that we produce a regime that supports the issuance of sterling stablecoins.” She noted that “stablecoins, for a long time the preserve of crypto markets, are beginning to go ‘mainstream’. Given they are an existing form of ‘digitally native’ money, their safe adoption could unlock faster, cheaper settlement for cross-border transactions as well as supporting trading of tokenised securities.” Crypto Regime Consultation In Q4 During her speech, Breeden highlighted that the UK “set out the necessary legislation for a regulatory regime for stablecoins in 2023,” while the BoE and the Financial Conduct Authority (FCA) have been engaging with the industry to develop more detailed rules of that regime. Notably, the FCA has been working to establish a more comprehensive regulatory framework for digital assets starting next year, releasing a Discussion Paper on the features of the upcoming crypto regime as part of its crypto roadmap. The HM Treasury has also published a draft of proposed provisions to establish a complete regime for cryptocurrencies, which are expected to set clear transparency, consumer protection, and operational resilience standards. Nonetheless, the UK’s former Chancellor of the Exchequer, George Osborne, has criticized the government’s approach, affirming that they must “catch up” or risk being “left behind” during the second crypto wave. As reported by Bitcoinist, Osborne slammed Chancellor Rachel Reeves and Bank of England governor Andrew Bailey’s crypto strategy, noting that, some of the proposed rules, including requiring sterling stablecoins to be backed only by central bank reserves, guarantee that the UK doesn’t lead the sector, as major financial players will continue to innovate “regardless of the Bank of England’s stance.” Nonetheless, BoE’s deputy governor affirmed that the central bank has been listening to feedback on its proposals for a regulatory regime for systemic stablecoins, like allowing the digital assets to hold a portion of their backing assets in a subset of high-quality liquid assets (HQLA), such as short-dated government securities. This change aims to address feedback that the initial approach “would not support the predominant business model amongst stablecoin issuers, which relies on income from backing assets.” Breeden added that the BoE will set out some of the reviewed proposals for consultation later this year before finishing its regime.

REX’s method will allow it to bypass the much slower traditional SEC approval route. Meanwhile, Trump family-linked Thumzup Media Corporation is pivoting into Dogecoin mining, and acquired 3,500 rigs with expectations of generating up to $103 million in annual revenue if DOGE reaches $1. Both moves prove that Dogecoin’s cultural appeal and presence in mainstream finance is growing. Dogecoin ETF Edges Closer The first Dogecoin exchange-traded fund (ETF) in the United States could launch as early as next week. According to Bloomberg ETF analyst Eric Balchunas, REX Shares is set to introduce the Dogecoin ETF through the Investment Company Act of 1940, which is commonly referred to as the 40 Act. Balchunas explained in a post on X that REX filed an effective prospectus with the US Securities and Exchange Commission (SEC), and suggested that approval may be just around the corner. The move is an alternative path to market, one previously taken by REX with its Solana staking ETF. ETF Store president Nate Geraci described the 40 Act route as a “regulatory end-around,” as it is different from the more traditional process that requires issuers to file Form S-1 and Form 19b-4. REX’s prospectus mentioned some of the risks involved, and pointed out that Dogecoin is a relatively new digital asset subject to extreme volatility, rapid price swings, and market uncertainty. The coin experienced wild fluctuations over the past few months, climbing more than 116% over the past year but still trading 54% lower than its December 2024 peak of $0.4672. DOGE’s price action over the past year (Source: CoinMarletCap ) At press time, Dogecoin was priced around $0.2140, according to CoinMarketCap data . Despite these ups and downs, Dogecoin is still wildly popular, largely fueled by its unique cultural relevance and consistent presence in mainstream media. The filing comes at a time when other asset managers are still waiting for clarity from the SEC on their own Dogecoin ETF applications. In April, 21Shares lodged a proposal , joining rivals Bitwise and Grayscale in the race to bring a DOGE product to market. While those firms are also waiting for regulatory approval via the conventional pathway, REX opted for the 40 Act framework that could accelerate its launch. REX also filed for another product under the same framework that will track the price of the Official Trump (TRUMP) token. Dogecoin’s strong cultural footprint adds some weight to these developments. Elon Musk has long been associated with the token, even dubbing himself the “ Dogefather .” Reports recently suggested that Musk’s lawyer, Alex Spiro, is chairing a new company seeking to raise $200 million to invest in Dogecoin. Thumzup Pivots to Dogecoin Thumzup Media Corporation, a company linked to the Trump family, is preparing a major pivot into cryptocurrency mining with plans to acquire 3,500 Dogecoin rigs. In a shareholder letter that was released on Thursday, Thumzup revealed it executed agreements, pending shareholder approval, to acquire DogeHash Technologies, which operates Dogecoin mining operations. The initial purchase will involve 2,500 Bitmain Antminers, with an additional 1,000 rigs already ordered. After the deal, the combined company will be renamed Dogehash Technologies Holdings and will trade publicly under the ticker XDOG. (Source: Thumzup ) The company projects major revenue potential from the expansion. At current Dogecoin prices of around $0.214, Thumzup estimates annual revenue of $22.7 million, but if the coin reaches the $1 mark, yearly revenue could climb as high as $103 million. The firm raised $50 million through a share offering in August to support its transition away from its previous adtech business. Referring to data from BIT Mining, Thumzup also pointed out that Dogecoin mining is nearly three times more profitable than Bitcoin mining. With a market cap of over $32 billion and a daily trading volume above $1.3 billion, Dogecoin is still one of the most widely held cryptocurrencies. The company wants to position itself as one of the few publicly traded, utility-scale Dogecoin miners at a time when the $10.5 billion crypto mining market is projected to more than double by 2035. KuCoin also recently announced plans to capture 10% of the global Dogecoin mining capacity. Additionally, Thumzup’s board authorized the holding of a diversified digital asset portfolio including Bitcoin, Litecoin, Solana, XRP, Ethereum, and USDC, adding to its 19.1 BTC already reported on BitcoinTreasuries.NET . Thumzup Bitcoin holdings (Source: BitcoinTreasuries.NET ) The Trump family’s ties to the company add another layer of visibility. Donald Trump Jr. purchased 350,000 shares of Thumzup in July, while Dominari Securities, an investment bank with family connections, supported the firm’s fundraising efforts.

South Korea has introduced stringent regulations on crypto lending, with the Financial Services Commission (FSC) capping interest rates on crypto loans at 20%. According to local news outlet Chosun Daily, the regulator has also banned leveraged lending products, citing concerns over market volatility and systemic risks. This regulatory overhaul, set to reshape the digital asset landscape, reflects South Korea’s commitment to balancing innovation with financial oversight. FSC caps crypto interest rate to protect investors The FSC’s decision to limit crypto lending interest rates to 20% aims to shield retail investors from predatory practices and excessive financial burdens. Previously, some platforms offered high-interest loans that amplified risks in the volatile crypto market. The cap is intended to ensure fair lending practices while maintaining market stability. According to FSC officials, this measure addresses the growing concern over unsustainable yields that could lead to significant investor losses during market downturns. Local exchanges, such as Upbit and Bithumb , must now adjust their lending models to comply with the new threshold, ensuring that loan terms remain transparent and affordable. Ban on leveraged crypto loans Perhaps the most significant aspect of the new regulations is the outright ban on leveraged crypto lending. Leveraged loans, which allowed users to borrow up to four times their collateral, were flagged as high-risk due to the potential for rapid liquidations in a fluctuating market. The FSC highlighted that platforms like Bithumb saw $1.2 billion in loans issued in a single month, with 13% of users facing forced liquidations. This volatility prompted the ban, which prohibits exchanges from issuing new leveraged loans while allowing existing ones to continue under stricter oversight. South Korea’s move aims to prevent speculative bubbles and protect retail investors from catastrophic losses. To ensure comprehensive regulation, the FSC and Financial Supervisory Service (FSS) have established a joint task force with the Digital Asset eXchange Alliance (DAXA). This task force is tasked with developing a detailed regulatory framework, focusing on leverage limits, user eligibility, and enhanced risk disclosures. The framework will draw on global standards and South Korea’s securities laws to create a robust system that fosters trust and accountability in the crypto lending sector. What does this mean for the market? The regulations have sparked mixed reactions. Some industry analysts warn that the restrictions may push investors toward unregulated offshore platforms, potentially undermining local exchanges. However, supporters argue that the measures will enhance market legitimacy, attracting institutional investors and fostering long-term stability. The Bank of Korea’s recent formation of a Virtual Asset Team signals further regulatory developments, including scrutiny of stablecoins, as South Korea aims to set a global benchmark for crypto oversight. The post South Korea caps crypto lending rates at 20%, bans leveraged crypto loans appeared first on Invezz

SWIFT vs Ripple: Competing Visions for the Future of Cross-Border Settlement The debate over the future of cross-border payments is intensifying, with SWIFT’s Chief Information Officer Tom Zschach recently stating that banks are unlikely to adopt XRP-based rails. Instead, he suggested that financial institutions will prioritize internal settlement systems or stablecoin solutions. The comments underscore the cautious stance many incumbents maintain toward public blockchain assets, despite growing interest in digital currencies. Ripple, however, has pushed back with a suite of offerings designed to meet banks halfway. Its On-Demand Liquidity (ODL) product uses XRP as a bridge asset to source liquidity in real time, enabling instant cross-border value transfers without pre-funded nostro accounts. Ripple argues ODL lowers cost and frees capital, making it attractive to smaller remitters and payment providers that lack extensive balance sheets. To counter regulatory and integration objections, Ripple emphasises its licensing efforts and enterprise partnerships. The company points to licences obtained in various jurisdictions and tailored solutions for banks that require custody, compliance tooling and legal clarity. On the other hand, Ripple’s RLUSD, a fiat-backed stablecoin for continuous settlement, blends blockchain efficiency with the trust and safeguards of traditional finance. Therefore, the debate hinges on trade-offs. Banks valuing control and regulatory certainty may favor internal rails or tightly regulated stablecoins, while those pursuing efficiency and capital optimization could turn to ODL and other bridge-layer solutions. In markets with thin liquidity or costly remittances, access to intraday liquidity via a bridge asset can transform economics. XRP vs Litecoin Rivalry Intensifies as Ripple CTO Calls PoW a “Flaw” The rivalry between XRP and Litecoin communities has escalated sharply after Ripple’s Chief Technology Officer, David Schwartz, entered the fray with pointed criticism of Litecoin’s consensus model. In a recent exchange on X, formerly Twitter, Schwartz took aim at Litecoin’s reliance on Proof-of-Work (PoW), arguing that its high energy consumption represents a fundamental weakness, not a strength. Schwartz’s remarks came in response to claims from LTC advocate Jonny Litecoin who touted the resilience and decentralization of PoW as superior to alternatives like XRP’s consensus protocol. However, Ripple’s CTO dismissed the narrative, emphasizing that energy-intensive models are increasingly unsustainable in today’s regulatory and environmental climate. By labeling PoW’s inefficiency, Schwartz reignited a long-standing debate over blockchain efficiency and sustainability. Litecoin, often dubbed the “silver to Bitcoin’s gold,” has maintained its identity as a secure, mineable cryptocurrency since its launch in 2011. Proponents argue that its battle-tested PoW mechanism ensures robust security and decentralization, features that proof-of-stake or consensus-based systems may struggle to replicate. Yet, critics highlight the mounting costs of mining, both financial and environmental, at a time when global regulators are tightening scrutiny on energy-hungry digital assets. XRP, by contrast, uses a consensus algorithm designed to validate transactions without mining. Supporters argue this enables faster settlement times, lower transaction costs, and a fraction of the energy usage compared to PoW networks. Ripple has positioned XRP as an environmentally conscious alternative suited for cross-border payments and institutional adoption. Conclusion As the XRP vs. Litecoin rivalry deepens, Schwartz’s critique highlights the growing divide between traditional PoW supporters and advocates of energy-efficient consensus models. On the other hand, the future of cross-border settlement will hinge on whether banks stick to the safety of internal rails and stablecoins or embrace Ripple’s faster and blended approach of ODL, licensing, and RLUSD.

On September 4, 2025, ECB Executive Board Member Piero Cipollone addressed the European Parliament, advocating for a digital euro to strengthen Europe’s payment system resilience and strategic autonomy. Speaking in Brussels, Cipollone highlighted the digital euro’s role in reducing reliance on non-European payment providers, which dominate 66% of euro area card transactions, citing high fees

Gemini, the crypto exchange backed by Tyler and Cameron Winklevoss, has launched ether (ETH) and solana (SOL) staking, along with perpetual futures contracts, for customers in the European Union, the company said in a press release Friday. The rollout follows the company’s recent approval under the EU’s Markets in Crypto-Assets Regulation (MiCA). Gemini Staking allows users to earn rewards on ether and solana with no minimum amount required. Rewards are variable for ETH and up to 6% for SOL, the company said. The new derivatives product, Gemini Perpetuals, offers contracts denominated in USDC, up to 100x leverage, and no expiry date. It will operate under Gemini’s MiFID II license. The expansion comes after Gemini transitioned to a new Malta-based entity to comply with MiCA. The firm said the move reflects its focus on Europe as a growth market for crypto trading and regulated investment products. “We’re on a mission to democratise access to alternative, risk-managed financial instruments, and we’re one of the few European crypto exchanges to offer this diverse suite of products with an intuitive, secure platform,” said Mark Jennings, Gemini's CEO of Europe, in the release. “Europe continues to be a strategic focus for Gemini,” he added. The crypto exchange recently expanded its staking services in the U.K., allowing all customers to earn rewards on ether and solana directly through its platform. Read more: Crypto Exchange Gemini Introduces Ether and Solana Staking for All U.K. Customers

The SEC lost approximately a year of text messages from former Chair Gary Gensler after an automated mobile-device policy and a factory reset by the agency’s Office of Information Technology

Crypto commentator Pumpius shared a detailed outlook suggesting that the approval of all spot XRP exchange-traded funds (ETFs) by October 2025 could trigger a major XRP rally to $50 by December. According to Pumpius, this is not based on speculation but on current filings, regulatory developments, and market structure. He explained that there are already six to seven active S-1 filings or amendments before the U.S. Securities and Exchange Commission (SEC). These include submissions from Bitwise, 21Shares, WisdomTree, CoinShares, Canary Capital, and Franklin Templeton, which filed a dedicated Franklin XRP ETF S-1. Pumpius noted that several amended S-1s were submitted following the dismissal of the Ripple case with the SEC, indicating that issuers are positioning for potential approval. Pumpius highlighted that the SEC has aligned decisions for issuers such as WisdomTree to late October 2025. This creates what he called a synchronized decision window, meaning that multiple ETFs could receive approval simultaneously. If this occurs, launches could take place in the fourth quarter of 2025. Regulatory and Institutional Support The regulatory environment is also shifting. Pumpius pointed out that the SEC has begun publishing guidance on crypto ETFs, while exchanges are working on standard listing practices for crypto exchange-traded products. This is designed to normalize approvals beyond Bitcoin and Ethereum, creating a more favorable backdrop for XRP ahead of the October decision window. Institutional infrastructure is another element that Pumpius considers significant. He cited the launch of XRP futures by CME in May 2025 and the listing of CFTC-regulated XRP futures by Coinbase Derivatives in April 2025. Both developments mirror the pathway that Bitcoin and Ethereum followed before their ETFs were launched, suggesting a standard market playbook is unfolding for XRP as well. Market Structure and Supply Mechanics Pumpius stressed that ETF demand could result in a large-scale repricing of XRP due to the limited effective supply available for trading. Approximately 35 to 36 billion XRP remain locked in escrow under pre-programmed releases, while most of the circulating supply is held by large entities and exchanges. This means that the actual free float is relatively thin when compared to the scale of potential institutional inflows. According to Pumpius, independent market desks estimate that first-month inflows into spot XRP ETFs could exceed $5 billion . He argued that such demand, combined with limited supply, would create sharp upward pressure on price. Price Projections and Potential Outcome In his scenario analysis, Pumpius illustrated how ETF inflows could build. He suggested $5 to $8 billion in net inflows by late November 2025 across multiple issuers, with an additional $5 to $10 billion possible from futures arbitrage, registered investment advisor (RIA) rebalancing, and corporate treasury participation. Against a circulating supply of over 59 billion XRP, he explained that this level of demand could trigger extreme price elasticity, which has previously resulted in significant price increases in other assets with larger free floats. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Pumpius concluded that $50 for XRP by December 2025 is plausible if spot ETFs are approved in October. He emphasized that this is not dependent on BlackRock’s participation, as more than six other issuers are already active. He also described the broader narrative as one of institutionalization, where XRP is increasingly seen as a settlement asset in a post-litigation environment, with ETFs serving as the distribution layer. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Expert Predicts XRP Price If SEC Approves All Spot XRP ETFs by October appeared first on Times Tabloid .