The U.S. Securities and Exchange Commission (SEC) said Wednesday it lost nearly a year’s worth of text data from its former Chair, Gary Gensler. The agency’s Office of the Inspector General implicated tech failures for the loss of messages. The report revealed that Gensler’s SEC-issued smartphone was functioning normally and was used regularly until July 6, 2023, when it encountered some tech problems. The OIG also highlighted that Gensler’s smartphone had stopped syncing with the agency’s device management systems. OIG introduces policy that wipes devices not connected for 45 days The report revealed the agency’s Office of Information Technology (OIT) staff failed to notice that the phone was showing an inactive status in the 62 days that followed. The OIG later introduced a policy on August 10 that automatically wipes any device that has not connected for 45 days. The agency’s independent watchdog launched the initiative, arguing that devices might be lost or stolen. The rule also led to Gensler’s phone being wiped. The former SEC Chair arrived at the agency’s headquarters on September 6, 2023, and found his device lacked the SEC’s apps. Gensler inquired for help from the agency’s IT staff, who investigators said were unaware of what had transpired. The office permanently deleted text messages from October 18, 2022, through September 6, 2023, while performing a factory reset in a bid to restore the device. Timeline of significant events leading to the loss of Gensler’s text messages. Source: Office of Inspector General (OIG) The Office of the Inspector General said missed warnings and poor vendor coordination mainly compounded the failure. The agency also blames the AAR, whose purpose was to review why Gensler’s device stopped communicating with the SEC’s mobile device management systems. Weak change-management practices in the agency, which caused the enterprise wipe, were also flagged as a catalyst for the failure. The agency also argued that a lack of backups and procedures that failed to consider record retention requirements for SEC officials heightened the situation and hindered the watchdog’s response. SEC plans steps to back up its officials’ records and data According to the report, the SEC disabled text messaging features in its entire staff’s devices agencywide after the National Archives and Records Administration notified the agency in June 2025 of the lost records. The agency also said it plans to take necessary steps to back up its officials’ records and data, among other actions. The agency revealed that the loss of Gensler’s text messages may impact its response to certain Freedom of Information Act requests. The SEC also recommended specific actions, including updating or developing plans, policies, and procedures related to troubleshooting activities on its officials’ devices and the system used for device management. The agency aims to complete the action by November 2025, with the OIG evaluating that the proposed actions are responsive. The OIG hopes the recommendation is resolved and will be closed upon verification of the action taken. The OIT reviewed about 1,500 messages recovered from Gensler’s records and determined that the majority were federal records. According to the agency’s review, nearly 38% of the recovered text messages were determined as mission-related and concerned matters directly involving the SEC’s staff. If you're reading this, you’re already ahead. Stay there with our newsletter .

COINOTAG News reported on September 5 that the SEC and CFTC issued a joint statement announcing a roundtable for September 29, 2025 to discuss regulatory coordination for cryptocurrency, DeFi, prediction

The cryptocurrency market is back in the doldrums as major cryptocurrencies, except Bitcoin (BTC) , traded in the red. However, BTC has struggled to break above the $112,000 mark in recent sessions as buyers failed to build momentum. The flagship cryptocurrency fell to an intraday low of $109,432 late on Thursday but rebounded from this level to reclaim $111,000. BTC is currently trading around $111,370, marginally up over the past 24 hours. Meanwhile, Ethereum (ETH) continued dropping, falling from $4,428 to a low of $4,270. However, it has rebounded from this level to reclaim $4,300 and move to its current level of $4,331, down nearly 2%. Ripple (XRP) is also trading in the red, down almost, while Solana (SOL) is down 1.30%, trading around $204. Dogecoin (DOGE) is down 0.66% and Cardano (ADA) is marginally down, trading around $0.818. Chainlink (LINK) , Stellar (XLM) , Hedera (HBAR) , Litecoin (LTC) , Toncoin (TON) , and Polkadot (DOT) also registered substantial losses. US Stocks Open Flat US stocks traded flat in early exchanges on Thursday as Wall Street assessed the latest job data, which showed a drop in private payroll growth. The benchmark S&P 500 index was up 0.1%, while the Nasdaq Composite gained 0.2%. The Dow Jones Industrial Average flipped to green after futures dipped, putting renewed pressure on the bulls on Thursday. However, the index flattened out as the markets analyzed the August private payrolls data. The August private payrolls report showed an increase of only 54,000 jobs, compared to predictions of 75,000 jobs. According to analysts, the numbers show a substantial decline from the revised figure of 106,000 in July. Nela Richardson, chief economist at data firm ADP, stated, “The year started with strong job growth, but that momentum has been whipsawed by uncertainty.” Grayscale Launches The ETCO Fund Grayscale Investments has announced the launch of the Grayscale Ethereum Covered Call ETF on the NYSE Arca. The fund will trade under the ETCO ticker and will not actively hold ETH. Instead, the ETF will utilize a strategy of writing or selling call options on Ethereum ETFs, targeting the asset manager’s Grayscale Ethereum Trust ETHE and Grayscale Ethereum Mini Trust ETH. The primary goal of the ETF is to generate an income from the premiums collected from these options, with distributions to shareholders on a bi-weekly basis. The new fund will join Grayscale’s existing income-focused lineup, which includes a Bitcoin covered call ETF. Grayscale is focusing on broadening its footprint in yield-oriented strategies. The firm has positioned the new ETF around ETH, being the world’s second-largest cryptocurrency by market capitalization. Grayscale stated that it is targeting investors who want to complement their existing ETF exposure with an income component. Krista Lynch, Senior Vice President, ETF Capital Markets at Grayscale, stated, “We know that investors are all unique with different needs and investment goals, and we’re excited to introduce this new ETF as part of our commitment to providing innovative, outcome-oriented solutions that meet them where they are.” “Avoidable Errors” Led To Gary Gensler’s Texts Getting Wiped An investigation by the United States Securities and Exchange Commission (SEC) into missing text messages from former Chair Gary Gensler has concluded that “avoidable errors” led to the messages getting lost. The SEC Office of Inspector General (OIG) investigated missing text messages from Gensler’s phone between October 2022 and September 2023. The messages were permanently lost during the height of the agency’s campaign against crypto. In its report, the OIG stated that the SEC’s IT Department initiated a poorly understood and automated policy, which resulted in an enterprise wipe of Gensler’s government-issued mobile device. Poor change management, a lack of proper backups, ignored system alerts, and software flaws worsened the loss. According to the OIG, some of the lost texts contained SEC enforcement action against cryptocurrency companies and their founders. This means that critical communication about how the SEC pursued cases against crypto companies may never be known. SEC Proposes Crypto Safe Harbors, Broker-Dealer Reforms United States Securities and Exchange Commission Chair Paul Atkins has proposed rules that could alter how the regulator handles digital assets. The SEC released around 20 proposed rules on Thursday as part of its spring 2025 agenda. While each proposal impacts the industry differently, market watchers believe the regulator would continue to soften its approach to the digital asset sector by establishing safe harbors and restructuring existing regulations. Atkins stated, “The agenda covers potential rule proposals related to the offer and sale of crypto assets to help clarify the regulatory framework for crypto assets and provide greater certainty to the market.” The proposed rules include specific exemptions and safe harbors related to the offering and sale of crypto assets. They also propose amending the Exchange Act to account for the trading of digital assets on national exchanges and alternative trading systems. The changes could allow cryptocurrency companies to operate with less regulatory oversight, reducing the risk of legal action. Bitcoin (BTC) Price Analysis Bitcoin (BTC) has rebounded during the ongoing session, with the price up nearly 2%. The flagship cryptocurrency recovered well during the week, briefly crossing the $112,000 mark on Wednesday to reach an intraday high of $112,600. However, it could not stay at this level and settled at $111,756, ultimately registering a 0.46% increase. Selling pressure returned on Thursday as BTC fell to an intraday low of $109,321 before settling at $110,720. BTC has rebounded during the ongoing session and is trading around $112,982. BTC’s decline below $110,000 on Thursday suggests that weakness remains. Although the flagship cryptocurrency has crossed $112,000 during the ongoing session, it remains to be seen if it can close above this level. BTC bulls failed to flip $112,000 into support on Wednesday and Thursday despite unemployment figures showing a weak labor market. Popular crypto trader BitBull stated in a post on X, “$BTC got rejected from its major resistance level. Until the $114K level is reclaimed on the daily timeframe, every BTC move will just be a bull trap. Also, the longer it'll take BTC to reclaim $114,000 level, the higher the chances of a big correction before reversal.” Many analysts believe a retest of the $100,000 support is a possibility in the short term. However, market insight company Swissblock was more optimistic, flagging $110,000 as a key support level. The company also stated that resistance was thinning, and a move to $115,000 could be a possibility. Swissblock stated on X, “Bitcoin is breaking out from the critical zone: a straight slide to $100K was never the base case. The wall resisted until now. Above, there is the $113,600–$115,600 gate. After a pullback, price needs fresh momentum to clear it, then contend with heavy resistance into $118K.” However, one analyst has predicted that BTC could crash to $50,000 next year. According to analyst Joao Wedson, the market is closing in on its four-year cycle and could turn bearish, triggering a crash to $50,000. A bear market is a possibility if the four-year cycle theory is still valid. Wedson stated, “Of course, it would be reckless to assume that Bitcoin has only a little over one month left in this cycle based solely on this chart. Still, I can’t help but think — this could be just enough time for BTC to dip toward the $100K range before rocketing past $140K within the same period. Who would dare to doubt that scenario?” BTC registered a sharp drop on Sunday (August 24), falling to an intraday low of $110,635 before settling at $113,478. Bearish sentiment intensified on Monday as the price fell nearly 3% and settled at $110,127. BTC faced volatility on Tuesday as buyers and sellers struggled to establish control. Buyers ultimately gained the upper hand as the price rose 1.51% to $111,788. BTC was back in the red on Wednesday, dropping 0.48% and settling at $111,253. It recovered on Thursday, rising 1.19% to reach an intraday high of $113,480 before settling at $112,574. Bearish sentiment returned on Friday as BTC fell nearly 4%, losing the crucial $110,000 level and settling at $108,378. Source: TradingView Price action was mixed over the weekend as BTC rose 0.41% on Saturday before dropping 0.53% on Sunday to settle at $108,247. The flagship cryptocurrency started the current week in positive territory, rising 0.92% to reclaim $109,000 and settle at $109,240. Bullish sentiment intensified on Tuesday as the price rose nearly 2% to cross $111,000 and settle at $111,247. BTC continued pushing higher on Wednesday, rising 0.46% to $111,756. BTC lost momentum on Thursday, falling to an intraday low of $109,321 before settling at $110,720. The price has recovered during the ongoing session, rising nearly 2% and trading around $112,795. Ethereum (ETH) Price Analysis Ethereum (ETH) has made a healthy recovery during the ongoing session, with the price up over 2%. Price action has been mixed in recent sessions, with the altcoin rising almost 3% on Wednesday. However, it failed to reclaim the $4,500 level and dropped 3.49% on Thursday, settling at $4,928. The current session sees ETH trading around $4,400, with buyers expected to retest the $4,500 level. Despite the recovery, ETH has declined by over 3% in the past week as Ethereum ETFs continue to register outflows. September’s weak seasonality also impacted investor sentiment. Vikram Subburaj, CEO of Giottus, stated, “Ethereum slipped ~3% to hover near $4,300 amid continued ETF outflows and September’s weak seasonality.” Institutional interest in ETH remains high, and whale activity has also registered a sharp uptick as investors rotate their capital from BTC to ETH. ETH exchange reserves have fallen to a three-year low, which analysts believe could lead to a supply shock and reduce sell-side pressure. If the altcoin can reclaim and close above the $4,500 level, it could move towards the $4,800-$5,000 zone. Edul Patel, CEO of Mudrex, stated, “If ETH manages to secure a daily close above $4,500, a move towards the external liquidity zone between $4,800 and $5,000 is likely, pushing ETH even further, while strong support forms above $4,300.” For now, ETH is trading in a narrow range between $4,200 and $4,500, indicating indecisiveness among traders. While price action may be muted, institutions are continuing to accumulate the asset. Ethereum’s ETH staking queue has raced to its highest level since 2023 as institutional traders and crypto treasury firms target rewards for their holdings. The Ethereum staking queue reached its highest level since September 2023 on Tuesday. On-chain data showed 860,369 ETH, valued at $3.7 billion, waiting to be staked. ETH registered a sharp drop on Monday (August 25), dropping over 8% to $4,380. It recovered on Tuesday, rising over 5% to reclaim $4,600 and settle at $4,603. However, selling pressure returned on Wednesday as the price fell by over 2% to $4,509. ETH registered a marginal increase on Thursday before dropping over 3% on Friday and settling at $4,362. Price action remained positive over the weekend as ETH registered marginal increases on Saturday and Sunday, settling at $4,394. Source: TradingView ETH started the current week in the red, dropping nearly 2% and settling at $4,315. The price recovered on Tuesday and registered a marginal increase, moving to $4,327. Bullish sentiment intensified on Wednesday as ETH rose nearly 3% to cross $4,400 and settle at $4,453 after reaching an intraday high of $4,492. The price was back in the red on Thursday, dropping 3.49% to $4,298. The current session sees ETH up over 2%, trading around $4,400. Buyers will look to retain control and push ETH back towards $4,500. Solana (SOL) Price Analysis Solana (SOL) has rebounded during the ongoing session, continuing its impressive performance. The altcoin faced substantial selling pressure on Thursday and fell by over 4%. However, it held its position above $200 to recover during the current session. SOL has outperformed the likes of BTC and ETH. Overall market sentiment remains neutral with the crypto “Fear and Greed Index” at 51. SOL’s recent price action can be attributed to positive developments on its network. Solana’s community has almost unanimously voted in favor of the upcoming Alpenglow update. The update promises to boost network speeds, finalizing blocks in milliseconds. SOL’s push above $210 took the altcoin to an intraday high of $218 on Friday. However, sellers took over and dragged the price below $200 by Monday. SOL’s RSI currently sits at 53, indicating that underlying buying interest is absorbing selling pressure. Analysts interpret this as accumulation during weak market phases, which is pushing prices higher despite several indicators flashing red. Despite recent weakness, analysts remain bullish about SOL’s long-term prospects. According to analysts, the altcoin’s performance has painted a bullish megaphone pattern on the weekly chart, which could push it towards $1,000 or higher. A megaphone or broadening wedge pattern forms when the price creates a series of higher highs and lower lows. A breakout above the pattern's upper boundary could trigger a parabolic price rise. The bullish pattern will be confirmed if SOL breaks above the $300-$350 zone. SOL ended the previous weekend in positive territory, rising 1.73% on Saturday and 0.93% on Sunday to settle at $206. Despite the positive sentiment, SOL registered a sharp drop on Monday, falling over 9% from $200 to $187. SOL recovered on Tuesday, rising nearly 5% and settling at $195. Bullish sentiment persisted on Wednesday as the price surged to an intraday high of $212 before losing momentum and settling at $203, ultimately rising 3.62%. SOL continued pushing higher on Thursday, rising nearly 6% to $214. Despite the positive sentiment, the price was back in the red on Friday, dropping over 4% to $205. Source: TradingView Price action remained bearish over the weekend as SOL fell 1.17% on Saturday and 0.99% on Sunday, settling at $200. Sellers retained control on Monday, dropping nearly 2%, slipping below $200 to settle at $197. Bullish sentiment returned on Tuesday as SOL rallied, rising over 6% to reclaim $200 and settle at $209. Buyers retained control on Wednesday as the price rose 0.61% to settle at $210. Despite the positive sentiment, SOL was back in the red on Thursday, dropping over 4% to $202. The price has recovered during the ongoing session, rising almost 2% and trading around $205. Cardano (ADA) Price Analysis Cardano (ADA) registered a sharp drop on Monday (August 25), dropping nearly 8% and settling at $0.839. Despite the selling pressure, the price recovered on Tuesday, rising 3.34% to $0.867. Selling pressure returned on Wednesday as the price fell 1.96% and settled at $0.850. ADA reached an intraday high of $0.880 on Thursday. However, it could not stay at this level and settled at $0.859, ultimately rising 1.06%. Sellers returned to the market on Friday as ADA lost momentum. As a result, the price fell nearly 4% and settled at $0.859. Source: TradingView Price action remained bearish over the weekend as ADA fell 0.48% on Saturday and 1.34% on Sunday, settling at $0.812. The price faced volatility on Monday as buyers and sellers struggled to establish control. Sellers ultimately gained the upper hand as momentum waned after ADA reached an intraday high of $0.845. As a result, the price fell 1.35% to $0.801. Bullish sentiment returned on Tuesday as ADA rallied, rising over 4% to settle at $0.836. The price registered a marginal increase on Wednesday but was back in the red on Thursday, dropping over 3% to $0.809. The current session sees ADA up 2.47%, trading around $0.829. Optimism (OP) Price Analysis Optimism (OP) started the previous week in the red, dropping over 11% to $0.688. Despite the overwhelming selling pressure, the price recovered 2.51% on Tuesday. OP lost momentum on Wednesday, falling 1.39% but returned to positive territory on Thursday, rising nearly 6% to cross $0.70 and settle at $0.737. Selling pressure returned on Friday as the price fell almost 6% and settled at $0.694. Source: TradingView Price action was mixed over the weekend as OP rose 1.87% on Saturday before dropping over 2% on Sunday to settle at $0.692. OP faced volatility on Monday as buyers and sellers struggled to establish control. Sellers ultimately gained the upper hand as the price fell 2.62% to $0.674. Bullish sentiment returned on Tuesday as OP rose 5.43% and settled at $0.710. The price continued pushing higher on Wednesday, rising 1.10% to $0.718. Despite the positive sentiment, OP lost momentum on Thursday, dropping almost 4% to $0.691. OP is up over 3% during the current session, trading around $0.713. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

BitcoinWorld Crypto Regulation Breakthrough: SEC & CFTC Unite for Crucial Meeting The digital asset world is buzzing with anticipation! A significant event is on the horizon: the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are holding a joint public meeting on September 29. This unprecedented collaboration signals a pivotal moment for **crypto regulation** in the United States, promising a comprehensive discussion that could reshape the industry’s future. Why is this Joint Crypto Regulation Meeting So Important? For too long, the landscape of digital asset oversight in the U.S. has been complex and, at times, confusing. Various agencies have approached cryptocurrencies from different angles, leading to uncertainty for innovators and investors alike. This joint meeting between the SEC and CFTC represents a crucial step towards a more unified and coherent approach to **crypto regulation**. It demonstrates a clear intent from top regulators to collaborate, rather than operate in silos. The aim is to foster innovation while ensuring robust investor protection and market integrity. This initiative could pave the way for clearer guidelines, reducing regulatory ambiguity. The agencies have stated their goal is to have a comprehensive discussion. They plan to adjust regulatory scope and ease rules for innovative technologies. This includes exploring mechanisms like regulatory sandboxes, which allow new financial products to be tested in a controlled environment. Such discussions are vital for the healthy evolution of the crypto ecosystem. What Key Aspects of Crypto Regulation Are On the Table? The upcoming meeting isn’t just a general chat; it has specific, high-impact topics on its agenda. One of the most eagerly awaited discussions revolves around introducing crypto perpetual swaps to the U.S. market. Currently, these popular instruments are mainly traded on overseas exchanges, largely due to domestic regulatory restrictions. Imagine the possibilities if these were available here! Beyond perpetual swaps, the regulators will delve into other critical areas of **crypto regulation**, including: Crypto Prediction Markets: These platforms allow users to bet on future events, raising questions about their classification and oversight. Perpetual Futures: Similar to perpetual swaps, these derivatives offer continuous trading without an expiry date, and their domestic introduction could significantly expand market liquidity. Decentralized Finance (DeFi): The rapidly evolving DeFi sector presents unique challenges for traditional regulatory frameworks, requiring careful consideration to balance innovation with consumer protection. The meeting will be broadcast live to the public, ensuring transparency. This open approach is a positive sign, allowing stakeholders and interested citizens to witness the discussions firsthand and understand the evolving thought process behind **crypto regulation**. Navigating the Future: Challenges and Opportunities in Crypto Regulation Crafting effective **crypto regulation** is a delicate balancing act. On one hand, regulators must protect investors from fraud and manipulation. On the other, they need to avoid stifling the very innovation that makes the crypto space so dynamic and promising. The SEC and CFTC face several challenges, such as defining what constitutes a security versus a commodity in the digital realm, and ensuring international consistency. However, this meeting also presents immense opportunities. A clear and forward-thinking regulatory framework can: Attract more institutional capital into the U.S. crypto market. Foster greater trust and participation from retail investors. Position the U.S. as a leader in responsible blockchain innovation. The collaboration itself is a significant opportunity. By pooling their expertise, the SEC and CFTC can develop a more robust and comprehensive strategy for **crypto regulation** that addresses the nuances of this rapidly evolving technology. What Does This Mean for the Future of Crypto in the U.S.? The September 29 meeting is not just another bureaucratic gathering; it’s a potential turning point. For market participants, it could mean new product offerings, clearer compliance pathways, and ultimately, a more stable and predictable operating environment. For investors, it could lead to safer and more diverse investment opportunities. While the outcomes are yet to be seen, the intent is clear: U.S. regulators are actively working towards a more cohesive approach to **crypto regulation**. This engagement is crucial for the maturation of the digital asset industry, signaling a future where innovation and robust oversight can coexist. A Unified Vision for Crypto Regulation This joint meeting between the SEC and CFTC marks a truly significant milestone. It highlights a concerted effort to bring clarity and structure to the complex world of digital assets. By addressing key areas like perpetual swaps, DeFi, and prediction markets, the agencies are laying the groundwork for a more mature and integrated crypto market in the U.S. The future of **crypto regulation** looks set for a collaborative and transparent path forward, promising exciting developments for everyone involved. Frequently Asked Questions (FAQs) 1. What is the primary purpose of the SEC and CFTC’s joint meeting? The meeting aims to foster collaboration on **crypto regulation**, discuss adjusting regulatory scope, ease rules for innovative technologies, and consider the introduction of new crypto products to the U.S. market. 2. What are crypto perpetual swaps, and why are they a focus? Crypto perpetual swaps are a type of derivative contract that allows traders to speculate on the future price of cryptocurrencies without an expiry date. They are a focus because they are currently mostly traded overseas due to U.S. regulatory restrictions, and their potential introduction could significantly impact the domestic market. 3. How will this meeting affect Decentralized Finance (DeFi)? The meeting will cover DeFi as a topic, indicating that regulators are looking for ways to integrate or oversee this rapidly growing sector. Discussions may explore how existing or new frameworks can apply to DeFi protocols while preserving their innovative nature. 4. Why is a joint approach to crypto regulation important? A joint approach is crucial to avoid fragmented oversight and regulatory arbitrage. Collaboration between the SEC and CFTC can lead to a more consistent, comprehensive, and effective framework that supports innovation while protecting investors. 5. When and where can I watch the meeting? The meeting is scheduled for September 29 and will be broadcast live to the public. Specific details on where to watch will typically be provided on the official websites of the SEC and CFTC closer to the date. 6. What are regulatory sandboxes in the context of crypto? Regulatory sandboxes are frameworks that allow companies to test new products, services, or business models in a live market environment, but under controlled conditions and with temporary regulatory relief. This helps foster innovation while regulators learn how to best oversee new technologies like crypto. If you found this article insightful, please consider sharing it with your network! Your support helps us bring more crucial updates and analysis on the evolving world of digital assets to a wider audience. Spread the word and join the conversation! To learn more about the latest crypto regulation trends, explore our article on key developments shaping the crypto market ‘s future regulatory landscape . This post Crypto Regulation Breakthrough: SEC & CFTC Unite for Crucial Meeting first appeared on BitcoinWorld and is written by Editorial Team

The US digital dollar (CBDC) debate centers on privacy and design choices: a well-designed CBDC can include privacy blockers, but many lawmakers prioritize political signaling over technical safeguards, while stablecoins

BitcoinWorld Bybit EU Group Sets Sights on MiFID II License to Unlock Derivatives Market Across Europe VIENNA, Austria, Sept. 5, 2025 /PRNewswire/ — Bybit , the world’s second-largest cryptocurrency exchange by trading volume, is advancing its European expansion. Bybit EU Group took this next step with the formal application submission for a license under the Austrian implementation act of the Markets in Financial Instruments Directive (MiFID II) through one of its Austrian entities, Bybit X GmbH. As a licensed investment firm, Bybit X would be permitted to offer regulated derivatives products — including futures and options — to clients across the European Economic Area (EEA). This allows an expansion of the current offering of the bybit.eu platform beyond the crypto-spot services currently covered by the MiCAR authorization of Bybit EU GmbH. This marks the next major step for European expansion after successfully securing the MiCAR license in May 2025. Bybit founded Bybit EU Group with its headquarters in Vienna, and officially launched its MiCAR-compliant platform, bybit.eu, in July 2025. Since then, Bybit EU has been gaining strong momentum by rolling out innovative features such as spot margin trading with up to 10x leverage, partnering with Circle to strengthen USDC adoption in Europe, introducing its new Bybit Lite app, Bybit Card program and increasing the number of trading pairs to enhance user engagement. “Regulatory clarity is the key to establishing Europe as one of the most forward-thinking regions globally when it comes to crypto-assets, and we are proud that with Bybit X, our Bybit EU Group has submitted an investment firm license application to the Austrian Financial Market Authority, FMA, as local regulator,” added Mazurka Zheng, Managing Director and CEO of Bybit EU . “This license will allow Bybit EU Group to expand its services in the EU through Bybit X and Bybit EU and will make it possible to offer derivatives such as futures and options on the bybit.eu platform. We see this as a major boost to our presence in the EEA. Our mission is clear: to provide the full range of crypto-focused services to our European users in the safest and most compliant way possible.” Bybit X’s license application reflects its commitment to regulatory-first growth in one of the world’s most advanced financial markets. Once such investment firm license is granted, Bybit EU Group aims to provide European clients with a broader suite of products, reinforcing its position as a leader in crypto innovation. #BybitEU / #TheCryptoHub /#IMakeIt About Bybit X and Bybit EU Bybit X GmbH and Bybit EU GmbH are the newly established European entities, dedicated to serving clients across the European Economic Area (EEA”*” except Malta) via the Bybit.eu platform. The bybit.eu platform is operated by Bybit EU, a licensed Crypto-Asset Service Provider (CASP) under the Markets in Crypto-Assets Regulation (MiCAR). Bybit EU delivers fully regulated crypto-asset services, including crypto custody and exchange services, and more, in full compliance with European regulations for investor protection and market integrity. Bybit X GmbH has applied for a license to provide investment services as an investment firm under the Austrian Securities Supervision Act (Wertpapieraufsichtsgesetz, WAG), the Austrian implementation act of MiFID II. Bybit EU GmbH is a licensed Crypto-Asset-Service Provider under the Markets in Crypto Assets Regulation (MiCAR), authorized to offer the following services to residents of the European Economic Area (except Malta): providing custody and administration of crypto-assets on behalf of clients; exchange of crypto-assets for funds; exchange of crypto-assets for other crypto-assets; placing of crypto-assets; and providing transfer services for crypto-assets on behalf of clients. Bybit EU GmbH is neither the operator of a trading platform for crypto-assets nor provides investment advice. Media Contact: press@bybit.com www.bybit.eu Disclaimer: This press release is provided for informational purposes only and does not constitute investment advice or an offer to buy or sell crypto-assets. The products and services mentioned herein are subject to applicable laws and regulations in the relevant jurisdictions and may not be available in certain regions. As a centralized service provider, Bybit EU may offer certain products that operate on an off-chain basis, where user assets are held by Bybit EU and rewards are calculated and distributed internally without recording transactions on the blockchain. Past performance is not indicative of future results. Users should carefully assess all risks before participating in any crypto-asset-related activity. This post Bybit EU Group Sets Sights on MiFID II License to Unlock Derivatives Market Across Europe first appeared on BitcoinWorld and is written by chainwire

On September 29, 2025 from 1:00 to 5:00 p.m. ET, the SEC and CFTC will host a joint roundtable to examine opportunities for regulatory coordination across the U.S. digital-asset landscape,

BitcoinWorld WEMIX Payment Dispute: Wemade’s Crucial Appeal Against Unjustified Court Ruling The cryptocurrency world is buzzing with the latest development from South Korean gaming giant Wemade. The company has taken a significant step by appealing a lower court ruling concerning a high-stakes WEMIX payment dispute . This legal challenge centers on allegations that Wemade failed to compensate former and current employees with the promised WEMIX cryptocurrency, stirring crucial conversations about employee compensation in the rapidly evolving digital asset space. What’s Fueling the WEMIX Payment Dispute? At the heart of this legal saga lies a lawsuit filed by individuals who previously worked at Wemade’s subsidiary, Wemade Tree. These employees claimed they were promised payments in WEMIX, Wemade’s native cryptocurrency, but those promises allegedly went unfulfilled. The initial ruling in August by the 42nd Civil Affairs Division of South Korea’s Seoul Central District Court partially sided with the plaintiffs, ordering Wemade to pay billions of won in damages, as reported by News1. This decision sent ripples through the industry, highlighting the complexities of integrating volatile digital assets into traditional employment contracts. The initial court ruling affirmed, at least in part, the employees’ claims, suggesting that promises of crypto compensation, even if informal, can carry significant legal weight. Wemade’s Appeal: A Strategic Move in the Legal Battle Wemade’s decision to appeal the court ruling indicates their firm belief in their position and a desire to challenge the initial judgment. This appeal transforms the situation into a protracted legal battle, signaling that the company is not prepared to concede easily on the matter of the WEMIX payment dispute . Key aspects of the appeal likely include: Challenging the interpretation of agreements: Wemade might argue that the terms of compensation were misunderstood or that the promises were not legally binding in the way the lower court interpreted. Disputing the valuation or damages: The company could be contesting the amount of damages ordered, perhaps based on the fluctuating value of WEMIX or the basis for calculating compensation. Setting a precedent: For a company deeply involved in blockchain and crypto, the outcome of this case could set a significant precedent for future employee compensation structures involving digital assets. The appeal process will involve a higher court reviewing the evidence and legal arguments, potentially leading to a different outcome or a more refined interpretation of crypto-based employment agreements. The Broader Implications for Crypto Employment Contracts This WEMIX payment dispute transcends just Wemade and its employees; it carries significant implications for the entire cryptocurrency industry. As more companies explore compensating employees with digital assets, clear, legally sound contracts become paramount. Challenges highlighted by this case include: Volatility of crypto assets: The value of cryptocurrencies can fluctuate wildly, making it difficult to define the exact value of compensation at the time of payment or agreement. Regulatory ambiguity: The legal framework for crypto compensation is still evolving in many jurisdictions, leading to potential disputes. Clarity of agreements: Companies must ensure that any promises of crypto compensation are explicitly detailed in employment contracts, outlining vesting schedules, valuation methods, and dispute resolution mechanisms. For employees, it underscores the importance of understanding the terms of their compensation and seeking legal advice if they believe their agreements are not being honored. For companies, it’s a stark reminder to establish robust, transparent, and legally sound policies for crypto-based incentives. Navigating the Future of WEMIX and Legal Precedents The outcome of Wemade’s appeal will undoubtedly influence how other blockchain and gaming companies structure their employee compensation going forward. A definitive ruling could provide much-needed clarity on the legal enforceability of crypto-based incentives. What might the future hold? Enhanced contract clarity: Companies may adopt more rigorous legal language in employment contracts regarding crypto compensation. Industry best practices: The case could lead to the development of industry-wide best practices for offering and delivering digital asset-based incentives. Regulatory attention: Governments and regulatory bodies might pay closer attention to employee compensation in the crypto sector, potentially leading to new guidelines. Ultimately, this WEMIX payment dispute serves as a critical learning curve for the burgeoning crypto economy, emphasizing the need for legal diligence alongside technological innovation. The industry must adapt to these legal challenges to foster trust and ensure fair practices for all stakeholders. Conclusion: A Defining Moment for Crypto Compensation Wemade’s appeal in the WEMIX payment dispute is more than just a corporate legal battle; it is a defining moment for how employee compensation in the crypto space will be viewed and regulated. As the legal proceedings unfold, the entire industry will be watching closely, hoping for clarity that will shape the future of work in the digital asset era. This case underscores the crucial balance between innovation and legal compliance, reminding us that even in the most cutting-edge sectors, fundamental principles of fair compensation and clear agreements remain paramount. Frequently Asked Questions (FAQs) 1. What is the core issue in the WEMIX payment dispute? The dispute centers on allegations that Wemade, through its subsidiary Wemade Tree, promised to pay certain employees in WEMIX cryptocurrency but failed to deliver on these commitments. Former and current employees filed a lawsuit claiming unpaid compensation. 2. What was the initial court ruling? In August, the 42nd Civil Affairs Division of South Korea’s Seoul Central District Court partially ruled in favor of the plaintiffs, ordering Wemade to pay billions of won in damages to the affected employees. 3. Why is Wemade appealing the decision? Wemade is appealing to challenge the lower court’s interpretation of the compensation agreements, potentially dispute the damages awarded, and set a precedent for how crypto-based employee compensation is legally handled in the future. 4. What are the broader implications of this case for the crypto industry? This case highlights the challenges of crypto-based employment contracts, including asset volatility, regulatory ambiguity, and the critical need for clear, legally binding agreements. It could influence how other companies structure their digital asset incentives. 5. What should companies consider when offering crypto compensation? Companies should ensure explicit terms in employment contracts, detailing vesting schedules, valuation methods, and dispute resolution. Transparency and legal soundness are crucial to avoid future disputes. Did you find this deep dive into Wemade’s legal challenge insightful? Share your thoughts on the future of crypto compensation and help spread awareness by sharing this article on your social media channels! To learn more about the latest crypto market trends, explore our article on key developments shaping WEMIX price action. This post WEMIX Payment Dispute: Wemade’s Crucial Appeal Against Unjustified Court Ruling first appeared on BitcoinWorld and is written by Editorial Team

Thailand’s parliament on Friday elected Anutin Charnvirakul, leader of the conservative Bhumjaithai Party, as the country’s new prime minister. The 58-year-old will become Thailand’s third leader since 2023, which for locals, could be a reason to worry rather than relief. According to local news outlets, Anutin easily passed the 247-vote threshold in the lower chamber. Chaikasem Nitisiri, who was running against him and endorsed by the Shinawatra family, received 118 votes. Anutin will replace Paetongtarn Shinawatra of the ruling Pheu Thai Party, who was dismissed last month by the Constitutional Court in an ethics scandal just about a year after she took office. Paetongtarn, daughter of former prime minister Thaksin Shinawatra, was found guilty of violating ministerial ethics in a disagreement with Cambodia by the court on August 29. Leadership changes: Is it bad for crypto in Thailand? The new Thai PM, locally known as the “cannabis crusader,” is set to lead a minority coalition anchored by pro-establishment parties, including groups that had blocked Move Forward, the predecessor of the People’s Party, from taking power after the 2023 election. His agreement with the People’s Party requires that parliament be dissolved within four months of his swearing-in and delivery of his policy statement. According to Cogan, the Bhumjaithai Party leader likely earned People’s Party support because he was “more stable” than Pheu Thai, unpopular over its inability to deliver promises. According to Pheu Thai, domestic spending could increase GDP growth by 5% if all adults were given 10,000 baht through the government’s ambitious digital wallet program. It was introduced under former Prime Minister Srettha Thavisin, but quickly ran into financial and legal obstacles. A policy committee established in October 2023 refined the plan, setting eligibility limits for recipients and proposing a 500 billion baht borrowing law to finance the project. Concerns over fiscal regulations killed the borrowing bill, and attempts to fund the program through state-owned banks also failed. By early 2024, the government turned to the national budget, setting aside 122 billion baht in the 2024 budget bill. On May 19, then-Prime Minister Paetongtarn Shinawatra announced a postponement of the initiative due to “worsening economic conditions” and the President Donald Trump-sponsored US trade tariffs . Cabinet approval on June 18 greenlit 50 projects across nearly 9,000 items, totaling 115.37 billion baht. The diversion of funds effectively ended Pheu Thai’s promise, which Cogan says “eroded public trust in the party’s economic leadership.” The new administration may not outright ban digital assets, but it may retract populist schemes linked to them. “Anutin’s government may abandon policies like the digital wallet scheme for a more pragmatic agenda,” the professor surmised. After Anutin’s election, the Pheu Thai Party vowed to regroup and push its agenda from the opposition benches. “On all the pending policies, we will return to finish the job for all the Thai people,” the party said in a statement on social media. Political changes are unlikely to affect Thailand’s TouristDigipay program announced by Finance Minister Pichai on Monday. According to Cryptopolitan’s late August insight , TouristDigipay is a way for foreign visitors to convert digital assets into baht for travel-related expenses. The program, which will run as an 18-month trial under a regulatory sandbox, is scheduled to begin in the fourth quarter. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage

Although the week went rather sluggishly in terms of price movements, there were some big news stories that went out, and the upcoming FOMC meeting could shape the next few months. But first, let’s recap some of the price highlights. Bitcoin experienced some enhanced volatility last Friday when it jumped to $111,500 only to fall hard to $107,500 within hours. The following few days were not any better, as BTC kept digging new local lows at just over $107,000. It wasn’t until Tuesday evening that the bulls finally managed to step up and halt the freefalls. BTC spiked from under $110,000 to over $111,000 and remained there for around 24 hours before the bears pushed it south to $109,500 yesterday. Nevertheless, the buyers resumed control since that daily low and drove the cryptocurrency north again. Just a few hours ago, bitcoin jumped to a weekly high of $113,350 before its progress ran into a wall. As of press time, the largest digital asset remains inches below $113,000. More volatility is expected in the following weeks, especially since the mid-September FOMC meeting, in which the Federal Reserve is anticipated to finally cut the interest rates. For now, though, BTC remains slightly in the green weekly, while many analysts continue to speculate whether September 2025 will continue a long negative tradition of price losses or will this one be different. In terms of notable weekly price performances, BCH and POL stand with double-digit gains, while CRO has dropped by 11% after the spectacular rally last week. Market Data Weekly Market Overview: Source: QuantifyCrypto Market Cap: $3.97T | 24H Vol: $136B | BTC Dominance: 56.5% BTC: $112,650 (+2.2%) | ETH: $4,430 (+1.9%) | XRP: $2.86 (-0.6%) This Week’s Crypto Headlines You Can’t Miss Strategy Spends $450 Million to Acquire Additional 4,048 BTC . The week began on a familiar note as Strategy, and Metaplanet before that, announced their latest BTC acquisitions. The Saylor-led company spent $450 million to increase its stash with 4,048 BTC, while the Asian firm took its holdings to 20,000 BTC after acquiring 1,009 units. Is Bitcoin About to Shock Everyone? Divergence With Equities May Fuel Next Bullish Run . While BTC has remained in a downtrend for several weeks, US equities as well as gold have charted some gains. This divergence , though, can result in some price gains for the largest cryptocurrency. Bitcoin Bull Market Ending in 50 Days, Says Analyst . With several new all-time highs under its belt already this year, analysts have started to predict when the ongoing bull cycle will end. Basing his theory on historical performances, CryptoBirb said we have about 50 days left (even fewer now). Tom Lee’s Bitmine Buys More ETH After Fundstrat Predicts 54x Gain . Bitmine Immersion Technologies continues to accumulate large portions of the second-largest cryptocurrency, buying another 14,665 ETH this week. Additionally, Tom Lee agreed with a prediction that Ethereum could chart a mind-blowing 54x surge from current levels. Eric Trump Signals Ambitions to Win The Bitcoin Race After ABTC Debut . American Bitcoin, a BTC accumulation platform owned by the Trump family, debuted on the Nasdaq this week under the ticker ABTC. Eric Trump was quick to praise the move and said his family wants to win the Bitcoin race. SEC and CFTC Unite: Green Light for Crypto on the World’s Biggest Venues . In a positive development on the regulation front, the two largest US financial regulators issued a joint statement earlier this week indicating that registered exchanges are not prohibited from facilitating the trading of certain spot commodity products. Charts This week, we have a chart analysis of Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid – click here for the complete price analysis . The post Bitcoin Price Targets $113K as FOMC Meeting and Bearish September Loom: Your Weekly Recap appeared first on CryptoPotato .

Ripple’s RLUSD Stablecoin Surges Past $710 Million in Value, On-Chain Data Shows Ripple’s RLUSD stablecoin has officially crossed a major milestone, surpassing $711 million in value, according to fresh data from on-chain metrics provider RWA.xyz . The achievement underscores the accelerating demand for tokenized stable assets and marks a pivotal moment in Ripple’s broader strategy to expand its influence within the global digital payments landscape. RLUSD, Ripple’s U.S. dollar–backed stablecoin, has gained significant traction since its rollout. Initially launched to provide institutional-grade liquidity for cross-border settlements, the asset is increasingly being recognized as a reliable alternative to existing stablecoins. The $711 million valuation reflects both heightened institutional adoption and growing retail interest, particularly in regions where Ripple has forged strategic partnerships with fintech firms and payment providers. Ripple’s strategy of bridging traditional finance with blockchain has fueled RLUSD’s growth. Unlike most stablecoins confined to decentralized finance (DeFi), RLUSD is built to integrate with Ripple’s On-Demand Liquidity (ODL), giving banks, payment processors, and enterprises instant, cost-efficient, and regulatory-compliant cross-border settlement capabilities. Analysts highlight that RLUSD surpassing $711 million is more than symbolic, it underscores shifting market dynamics. Stablecoins remain one of crypto’s fastest-growing asset classes, functioning as both value stores and exchange mediums. Therefore, this milestone strengthens RLUSD’s position as a challenger to USDT and USDC, especially across corridors already powered by Ripple’s infrastructure. Institutional Access to Ripple’s RLUSD Stablecoin Goes Live in Africa Ripple has expanded its global reach by introducing institutional access to its U.S. dollar-backed stablecoin, RLUSD, in Africa. Through partnerships with leading African fintechs Chipper Cash, VALR, and Yellow Card, the move marks a pivotal milestone for digital asset adoption across the continent. Ripple’s stablecoin, pegged 1:1 to the U.S. dollar, has rapidly gained traction since its launch, positioning itself as a reliable settlement vehicle for cross-border payments and institutional finance. Africa, with its fast-growing fintech ecosystem and high demand for affordable remittances, is emerging as an ideal testing ground for Ripple’s stablecoin strategy. The partnership leverages the unique strengths of each player: Chipper Cash, Africa’s leading payments company, powers cross-border transfers for millions across 20+ countries; VALR, South Africa’s top crypto exchange, provides deep liquidity and institutional-grade trading access; and Yellow Card, the continent’s largest crypto exchange by reach, expands RLUSD into 16 markets with broad accessibility and regulatory compliance. For institutions operating in Africa, ranging from banks to remittance providers, the integration of RLUSD offers immediate benefits. Stablecoins like RLUSD reduce volatility risks tied to local currencies, streamline settlement processes, and lower transaction costs. This is particularly important in Africa, where traditional payment rails are often slow and expensive, making it difficult for businesses and individuals to move money efficiently. Ripple’s move taps into Africa’s surging crypto adoption, fueled by young, tech-savvy populations and the demand for alternatives to inflation-prone currencies. By rolling out RLUSD through regulated partners, Ripple positions itself as both compliant and scalable in tackling the region’s financial challenges. Conclusion Ripple’s decision to extend RLUSD into Africa through Chipper Cash, VALR, and Yellow Card represents more than just a strategic expansion, it’s a bold step toward solving real financial challenges on the continent. By combining stability, speed, and institutional-grade accessibility, RLUSD has the potential to redefine cross-border payments, boost financial inclusion, and unlock new growth opportunities in Africa’s digital economy. On the other hand, the $700 million milestone cements RLUSD’s status as one of the fastest-growing stablecoins on the market, and a cornerstone in Ripple’s push to redefine digital value transfer worldwide.

The employment situation in the U.S. continued to show softness last month, likely sealing the deal for a rate cut at the Federal Reserve's upcoming meeting in mid-September. Nonfarm payrolls rose by 22,000 in August, according to a Bureau of Labor Statistics report released Friday morning. That was shy of economist forecasts for 75,000 and July's 79,000 (revised from an originally reported 73,000). Alongside July's 6,000 job upward revision, June's number was revised lower by 27,000 to a negative 13,000 in what would have been the first negative monthly jobs print since the Covid lockdowns of 2020. The unemployment rate rose to 4.3%, in line with forecasts and up from July's 4.2%. Average hourly earnings rose 0.3% for the month and 3.7% year-over-year, both matching forecasts. Financial markets reacted immediately, with bitcoin (BTC) adding about $500 to $112,800 in the minutes following the report. The "it" asset of the moment, gold shot higher by more than 1% to a new record of $3,644 per ounce. U.S. stock index futures added modestly to previous gains, the dollar weakened and the 10-year Treasury yield fell six basis points to 4.11%. 50 basis point cut on the table Though rising modestly overnight in the hours ahead of the jobs report, bitcoin had been under sizable pressure since hitting a record high above $124,000 in mid-August, falling to as low as $107,400 earlier this week. Even Fed Chairman Jerome Powell flipping from hawk to dove at his Jackson Hole speech on Aug. 22 failed to ignite anything more than a one-day rally. Not entering the debate at all in past weeks was the idea that the Fed might cut rates by 50 basis points instead of the assumed 25. This morning's soft numbers, however, may prompt that discussion to get started. All things being equal, easier monetary policy is assumed to be good for risk assets, bitcoin among them. If the idea of a 50 basis point move this month fails to re-ignite animal spirits in crypto, the bulls might have to reconsider their stance.

We have entered September, historically seen as a bearish month, as Bitcoin (BTC), Ethereum (ETH), and altcoins are experiencing a general correction. At this point, analysts expect September to be a downward month, while the FED interest rate decision, which could change the balances in September, will be announced. While it was stated that the FED's interest rate cut could trigger the rise, the US Non-Farm Payroll data, which is of great importance in the FED's interest rate decision, was announced today. The data released on the first Friday of each month is closely followed by investors and interested parties to understand the state of the economy. The data disclosed is as follows: Nonfarm Payrolls Data: 22k Announced vs. 75k Expected vs. 73k Previous Unemployment data: Announced 4.3% – Expected 4.3% – Previous 4.2% Bitcoin's reaction after the incoming data was as follows: *This is not investment advice. Continue Reading: BREAKING NEWS: Critical US Nonfarm Payrolls and Unemployment Data Released! Here's Bitcoin's (BTC) Initial Reaction!

South Korea's Financial Services Commission (FSC) has announced new rules for crypto lending services offered through centralized exchanges. South Korea Introduces New Regulation on Crypto Loans: Interest Rate Cap 20% The Commission stated in a press release that the regulation “aims to strengthen user protection, taking into account global examples.” Under the new regulations, leveraged loans exceeding collateral value are prohibited. Additionally, a 20% cap has been imposed on crypto loan interest rates. Products requiring users to repay with cash are also banned due to their violation of credit regulations. The FSC emphasized that companies offering these services may only use their own capital and will not be permitted to circumvent the rules indirectly through third-party services. Users' credit limits will be determined based on their transaction history and experience. Furthermore, investors will be required to be notified in advance of any liquidation risks. The new rules will only apply to the top 20 cryptocurrencies by market capitalization, or to crypto assets traded on at least three licensed local exchanges. If a cryptocurrency is categorized as “attention,” lending services for that asset will also be suspended. The regulation comes into effect today, and compliance will be overseen by the Digital Asset Exchanges Association (DAXA). The FSC plans to transpose the rules into legal regulations based on implementation results. This move follows last month's FSC order to suspend lending services to Upbit, Bithumb, and other exchanges. *This is not investment advice. Continue Reading: South Korea Introduces New Rules for Crypto Lending Services Offered Through Centralized Exchanges! Here Are the Details