BlockBeats News, September 30th, Societe Generale's digital asset subsidiary SG-FORGE has introduced its Euro and Dollar stablecoins into DeFi, allowing users to engage in lending and spot trading. This move has deployed the bank's EURCV and USD CoinVertible (USDCV) on the Ethereum-based Morpho and Uniswap protocols, expanding SG-FORGE's efforts to distribute its stablecoins through centralized exchanges and brokers.By entering DeFi, SG-FORGE enables customers to trade assets pegged to major currencies around the clock, relying on smart contracts to facilitate the trading mechanism. On the Morpho platform, users can now use cryptocurrencies (such as BTC, ETH) as well as money market tokenized funds regulated by the French financial market regulator (such as USTBL, EUTBL, investing in US Treasury and Eurozone government bonds) as collateral to borrow EURCV and USDCV.Asset management firm MEV Capital will be responsible for managing these treasuries, setting eligible collateral rules, and handling defaults when necessary. SG-FORGE has stated that they plan to introduce more collateral types in the future. Furthermore, the listing on Uniswap will create a spot market for the bank's issued stablecoins. Liquidity provider Flowdesk will provide liquidity, assisting traders in exchanging between EURCV and USDCV without relying on traditional intermediaries.

Societe Generale’s digital asset subsidiary, SG-FORGE, has taken its euro and dollar stablecoins into decentralized finance (DeFi), opening them up to borrowing, lending and spot trading, according to a press release on Tuesday. The move places the bank’s EUR CoinVertible (EURCV) and USD CoinVertible (USDCV) on Ethereum-based protocols Morpho and Uniswap , extending SG-FORGE’s effort to distribute its stablecoins , digital tokens whose value is pegged to a real-world asset, through centralized exchanges and brokers. By moving into DeFi, SG-FORGE allows clients to transact around the clock with assets tied to major currencies, while relying on smart contracts to handle the mechanics. On Morpho, users can now lend and borrow EURCV and USDCV against cryptocurrencies such as bitcoin (BTC), ether (ETH) and tokenized money market funds such as USTBL and EUTBL, which are regulated by the French Financial Markets Authority and invest in US T-Bills and Eurozone T-Bills. Asset manager MEV Capital will oversee the vaults, setting rules for eligible collateral and stepping in to manage defaults if needed. More collateral types are expected over time, SG-FORGE said. In addition, Uniswap listings will create a spot market for the bank-issued stablecoins. Market maker Flowdesk will provide liquidity, helping traders swap in and out of EURCV and USDCV without relying on traditional intermediaries. The two are relatively small compared with market leaders. EURCV has a market cap of $66 million, according to CoinMarketCap data, compared with Circle Internet's EURC at $260 million. USDCV has a market cap of $32.2 million, while Tether's USDT leads with $174.8 billion. Read more: Societe Generale Selects Bullish Europe to Debut Its USD Stablecoin

Seychelles-based cryptocurrency exchange OKX has introduced a stablecoin-powered payment service in Singapore, which will see its customers pay merchants through Grab’s payments platform using digital dollars. According to a press statement viewed by Cryptopolitan on Tuesday, the service, dubbed OKX Pay, enables payments on GrabPay through the two largest US dollar-pegged stablecoins: Tether’s USDT and Circle’s USDC. The initiative builds on OKX SG’s presence in the southern tip of the Malay Peninsula, following its acquisition of a payment institution license from the Singaporean financial regulator, the Monetary Authority of Singapore (MAS), just over a year ago. OKX Pay to use XSGD stablecoin service provider StraitsX Under the new product, customers using USDT or USDC can scan GrabPay’s SGQR codes at selected outlets to settle transactions. Payments are routed through crypto infrastructure provider StraitsX, which converts the stablecoins into its Singapore dollar-backed token XSGD. Once converted, the XSGD is then exchanged into Singapore dollars and transferred to the merchant. Every transaction is processed as a blockchain transfer under Singapore’s p urpose-bound money (PBM) framework, which applies programmable logic for compliant and conditional remittances. StraitsX, a regulated payments provider, will oversee compliance checks and real-time transaction validation under the PBM system. The company’s XSGD stablecoin already integrates with Alipay+ and Grab, connecting to wallets such as GCash, KakaoPay, and Touch ’N Go. Gracie Lin, CEO of OKX SG, said the launch would bring digital payment tokens, or DPTs, into “everything-everyday” consumer use. “OKX Pay addresses real needs for customers by expanding DPTs’ use beyond trading and investing to everyday payments, including a morning coffee, and even dining out with friends,” Lin’s statement read. Through the new platform, Singapore could bite into a share of the global stablecoin market, which has now reached a total valuation of $297 billion, around 7% of the crypto market cap, according to DeFiLlama data. “The launch of OKX Pay is a blueprint for how stablecoins will underpin global commerce in the years ahead,” said Tianwei Liu, StraitsX CEO and co-founder. The partners said they plan to add more retail, beverage, and merchant options and expand the service to include more stablecoins and digital currencies, alongside USDT and USDC, in several regions within Singapore. GrabPay integration could add to regional expansion roadmap Grab is one of the most widely used payment platforms in Southeast Asia, but it had only started integrating digital assets into its ecosystem in March 2024. At the time, the service allowed Singapore users to top up their GrabPay wallets with Bitcoin, Ether, USDT, USDC, and XSGD following a deal with payments company Triple-A. That offering was extended to the Philippines in July this year, with the exception of XSGD. According to anonymous sources speaking to The Straits Times, Grab has also partnered with OKX rival Coinbase to test a Web 3 Wallet that “holds digital assets in a pilot.” Moreover, on the same day as OKX’s launch, rival exchange Coinbase began trading XSGD. “We have been conducting pilots to explore the potential benefits of digital payment tokens, through collaborative efforts with industry partners including Amazon, Circle, StraitsX, Triple-A, and UOB,” a spokesperson for the company said when the news of the pilot program broke. OKX President addresses regulatory hurdles OKX may be looking to build its legitimacy in Singapore, but the exchange was fined €2.3 million (S$3.5 million) by the Dutch central bank in early September for operating without the required registration between July 2023 and August 2024. The fine was preceded by a $504 million penalty in February for processing more than US $1 trillion in transactions from US customers without proper licensing. Speaking recently to Cryptopolitan, OKX president Hong Fang said stricter regulations like the MiCA rules had pushed the company to prioritize openness and traceability. “We see it as validation of our own approach,” Fang said. “Robust standards and open verification are how we and our customers can feel confident as crypto keeps scaling up.” She added that OKX was ready for Europe’s MiCA framework years in advance and had invested in developing compliance processes, audit systems, and infrastructure to meet its strict requirements. “We saw the direction regulation was heading early and have spent years developing compliance processes, audit systems, and robust infrastructure. That means as reporting requirements step up, users and partners get consistent and reliable service, no matter how the rulebook changes,” the president remarked. Get $50 free to trade crypto when you sign up to Bybit now

Historic SEC–CFTC Roundtable Marks New Era for Crypto Regulation For the first time in 15 years, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have convened a joint roundtable, signaling a pivotal moment for the regulation of digital assets. According to crypto observer SMQKE, the discussion this time centers squarely on crypto assets, reflecting the growing importance and mainstream adoption of cryptocurrencies in global financial markets. The joint roundtable unites regulators, industry leaders, and market participants to tackle the unique regulatory challenges of digital assets, spanning DeFi platforms, stablecoins, and tokenized securities, marking a shift from past discussions centered on traditional securities and derivatives. SMQKE sees the roundtable as a pivotal move toward harmonizing crypto regulation. By uniting the SEC, which safeguards investors, and the CFTC, which oversees derivatives, the agencies aim to streamline oversight, reduce regulatory ambiguity, and provide clearer guidance for crypto innovators, without compromising investor protection. The crypto observer notes that the roundtable could shape key regulatory developments, offering stakeholders a platform to address gaps in existing rules or propose new frameworks for emerging technologies. It signals government recognition of digital assets as central to modern finance and could influence upcoming decisions on crypto ETFs, custody rules, and reporting standards, potentially accelerating the maturation of the U.S. crypto market. Therefore, SMQKE highlights that the first joint SEC–CFTC meeting in 15 years marks a pivotal moment. As digital assets grow in complexity and adoption, clear regulation is essential, making this roundtable a potential landmark in shaping the future of U.S. crypto oversight. XRP Shows Steady Bullish Momentum as Price Climbs to $2.90 According to market analyst Voice Of Web3, XRP has demonstrated notable bullish momentum, climbing from $2.78 to $2.86 in recent trading sessions. This upward movement, with the present price standing at $2.90, reflects growing investor confidence in the digital asset amid favorable technical and market conditions. The price surge from $2.78 to $2.90 is modest but meaningful, highlighting a disciplined and sustainable trend rather than a short-lived spike. Market watchers note that XRP’s movement aligns with a classic bullish setup, often seen when support levels hold strong and resistance zones are approached gradually. The consolidation around $2.78 served as a stable foundation, allowing XRP to gather momentum before advancing toward its next resistance targets. Therefore, XRP is showing strong upward potential as long as key support holds. A break above $2.90 could trigger a stronger bullish phase, boosting buying pressure and volume, with traders also watching Bitcoin and Ethereum for broader market cues. Conclusion The SEC–CFTC joint roundtable marks a pivotal shift in U.S. crypto regulation, fostering collaboration that could deliver clearer rules, boost innovation, protect investors, and strengthen America’s leadership in the global digital asset market. Meanwhile, XRP’s climb from $2.78 to $2.90 reflects measured bullish momentum backed by technical consolidation, market sentiment, and regulatory optimism. As the market watches closely, the next resistance levels could determine whether XRP is set for a sustained rally or a brief pause in its upward journey.

Visa Inc. is testing a pilot program that gives financial institutions, banks and remittances providers the option of using pre-funded stablecoins to make cross-boarder payments faster and more flexible without users having to tie up cash for extended periods of time.

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. In this edition, we examine how USDT is overtaking dollar disbursements in Venezuela, and the irony of a sanctioned country leveraging a currency backed by the U.S. debt. Latam Insights Encore: The Venezuelan Case

Framework led investment in two stablecoin projects this year, one being the billion-dollar Plasma and the other being USD.AI.

OKX SG, the Singapore-based unit of OKX, said it is bringing the crypto exchange's integrated payments service, OXK Pay, to the city-state through a stablecoin-powered scan-to-pay service tie-up with Southeast Asia's "everyday everything" app, Grab. OKX SG, which received a major payment institution license from the country's central bank just over a year ago , will work with crypto infrastructure provider StraitsX to allow customers to pay for everyday expenses using the two largest U.S. dollar-pegged stablecoins, USDT, issued by Tether, and USDC, issued by Circle Internet (CRCL). The launch of OKX Pay is a sign of the increasing adoption of stablecoins in commercial networks across Asia and beyond. StraitsX’s XSGD stablecoin is already integrated with Alipay+ and Grab, which enables wallets like GCash, KakaoPay and Touch ’n Go e-wallets. In some emerging markets, stablecoins are already widely used for remittances and day-to-day commerce , often preferred for their lower transaction fees and faster settlement times than conventional money transfers through traditional banking channels. "OKX Pay addresses real needs for customers by expanding DPTs’ use beyond trading and investing to everyday payments — from a morning coffee to dining out with friends," Gracie Lin, CEO at OKX SG, said in a press release shared with CoinDesk. The system allows users to scan GrabPay SGQR codes at participating merchants and converts their USDT or USDC into XSGD, StraitsX's Singapore dollar-pegged stablecoin . The XSGD is then converted in the fiat currency and passed to merchant. Stablecoins are tokens whose values are pegged to an external reference , typically a fiat currency. This pegging mechanism minimizes the price volatility typically seen in other cryptocurrencies, providing users with a digital asset that functions similarly to traditional money while offering the benefits of blockchain technology such as faster cross-border transactions and payment modes. According to JPMorgan , stablecoin transaction volumes have zoomed to over $800 billion a month from less than $100 billion in five years. The overall use of stablecoins in real world transaction is slowly picking up. According to a BCG white paper on stablecoins released in May 2025, stablecoins' payments-related uses such as cross-border remittances, merchant transactions and on-chain settlements now make up approximately 4%–6% of total activity. Meanwhile, trading related activities make up for 88% of the total. The OKX Pay's three-step conversion ensures that merchants benefit from a simple, compliant way to accept stablecoin payments without having to handle digital payment tokens (DPTs) themselves. Every OKX Pay transaction is executed as a blockchain transfer using the Monetary Authority of Singapore's purpose bound money (PBM) framework, which applies programmable logic to ensure compliant and conditional settlement. “The future of payments will be defined by trust, speed, and interoperability – and stablecoins are at the heart of this shift," Tianwei Liu, StraitsX CEO & co-founder, said in the statement. "The launch of OKX Pay is more than a new service but a blueprint for how stablecoins will underpin global commerce in the years ahead."

Iranian authorities have introduced stringent new restrictions on stablecoin usage, limiting annual purchases to $5,000 per person and total holdings to $10,000. Enforcement Details and Compliance Deadline Iranian authorities have announced sweeping new restrictions on stablecoin usage, capping annual purchases at $5,000 per person and total holdings at $10,000. The move, unveiled on Sept. 27

Keel, a new Solana-native capital allocator, debuted on Tuesday with a roadmap to channel up to $2.5 billion across decentralized finance (DeFi) and tokenized asset markets in the Solana (SOL) ecosystem. Keel is structured as being part of the Sky ecosystem, the long-running DeFi protocol formerly known as MakerDAO, as one of its autonomous units called "stars." That's part of Sky's major overhaul dubbed Endgame that includes creating smaller units, each of which is responsible for its own governance and innovation at the edge of the ecosystem. Sky is centered around issuing the USDS (USDS) and DAI (DAI) decentralized stablecoins, which have a combined supply of over $7 billion. Spark , the first of Sky's stars, has grown to more than $10 billion in total value locked (TVL) on Ethereum while allocating funds to over $1 billion in tokenized assets. Grove , the second unit launched earlier this year, is focused on collateralized loan obligations. Keel's mandate is acting as an on-chain capital allocator that sits between Solana DeFi protocols and the broader stablecoin economy. It receives a dedicated balance sheet from the USDS stablecoin reserves to deploy and support Solana-native protocols to generate yield. Early integrations include Kamino, Jupiter and Raydium, Solana-hosted marketplaces where liquidity can serve as a foundation for lending markets, routing and liquidity pools. "Keel was founded on the belief that the next phase of on-chain finance growth needs more than new assets alone; it needs liquidity that can be accessed at speed and scale," said Cian Breathnach, CEO of Matariki Labs and a contributor to Keel. "Keel is the first to provide these enablers on Solana, delivering the capital and catalyzing force for the next stage of growth in on-chain lending, borrowing, tokenization and more." Keel's plan could also help attract more tokenized real-world assets (RWA) to the Solana space, a fast-growing sector that aims to use blockchain rails to move and settle traditional financial assets like bonds, commodities and stocks. Lily Liu, president of the Solana Foundation, called Keel "a key step" in positioning the blockchain as a leading marketplace for internet-scale capital markets. Rune Christensen, co-founder of Sky, added that Keel is set to become the largest capital allocator on Solana and will play a key role in shaping the DeFi and RWA landscape. Read more: Blockchain-Based RWA Specialists Bring $50M to Apollo's Tokenized Credit Strategy

Stablecoin, Lending, Spot Trading, Derivatives, Options, Insurance are all integrated into one system, Flying Tulip aims to build a "one-stop DeFi platform".

Adrienne Harris will step down as superintendent of the New York Department of Financial Services, ending a four-year tenure that placed her at the center of Wall Street oversight and US crypto regulation. Governor Kathy Hochul announced on Monday that Harris will be succeeded by Kaitlin Asrow, who becomes acting superintendent on Oct. 18. Asrow has spent the past four years leading licensing and supervision of digital asset companies as executive deputy superintendent of research and innovation at the agency. During her time at the regulator, Asrow helped build one of the largest digital asset supervisory teams in the world. She previously worked at the Federal Reserve and the Center for Financial Services Innovation, now called the Financial Health Network. After four transformative years of leadership, Superintendent Adrienne A. Harris has made the decision to leave NYDFS. As the longest-serving Superintendent in DFS history, she leaves behind a stronger, more resilient DFS redefined by bold vision, modern policy, and real impact. pic.twitter.com/d75NRT6HAV — NYDFS (@NYDFS) September 29, 2025 Harris Took Charge Of NYDFS In 2021 Amid Crypto Growth The NYDFS, established in 2011, oversees a wide range of entities including global banks, insurers, mortgage lenders, money transmitters and crypto companies operating under New York’s BitLicense framework. Its reach covers giants such as JPMorgan Chase, Barclays and Deutsche Bank, as well as digital asset providers including Coinbase, Circle and Paxos. Harris took over as superintendent in 2021 and quickly became one of the most prominent crypto regulators. She expanded the department’s virtual currency unit from three staff to more than 60 specialists, building what is considered the world’s largest crypto supervisory division. NYDFS Issued First US Standards For Dollar-Backed Stablecoins Her approach combined consumer protection with clear guidance for companies. Under her leadership, the NYDFS issued eight regulatory guidelines. These included the first US standards for dollar-backed stablecoins . They also covered rules for handling customer assets during crypto insolvencies and practices for using blockchain analytics to combat financial crime. In addition, Harris worked to update the BitLicense regime, first introduced in 2015. She refined policies on coin listings and delistings. She also clarified the rules for “greenlisted” tokens. Further, she extended the framework to stablecoins issued on blockchains such as Ethereum and Solana. These changes went on to influence federal proposals and international debates on digital asset regulation. Supporters say her leadership positioned New York as a global benchmark in regulating digital assets. Critics, however, pointed to the burden of compliance for startups, which often view New York as one of the toughest markets to enter. Global Coordination On Market Structure Adds To Regulatory Demands Harris’ exit comes at a time of mounting pressure on financial regulators. They must balance innovation with systemic safeguards. Moreover, the rise of stablecoins, debates over central bank digital currencies and global talks on market structure all highlight the importance of state-level leadership in shaping US policy. Meanwhile, Asrow’s appointment signals continuity, especially in digital assets. Her experience in building supervisory capacity for crypto firms will be crucial. In addition, she is expected to guide the agency through its next stage as the industry faces both rapid growth and growing scrutiny. The post Top Crypto Regulator Adrienne Harris Exits Key Financial Post After Four Years appeared first on Cryptonews .

Coinbase is pushing back hard as major banks aim to strip stablecoin holders of rewards, spotlighting rising crypto adoption, surging yields, and a bruised traditional finance sector. Coinbase Slams Banks Over Stablecoin Rewards Battle Tensions between traditional finance and digital asset firms are escalating as policy debates over stablecoin rewards heat up. Coinbase (Nasdaq: COIN)

Key Highlights U.S. SEC has issued a “No-Action Letter” to DoubleZero for its token ‘2Z’ The letter means…

Turkey is reportedly taking a deeper dive into cryptocurrencies with proposed regulations that will enable it to exercise oversight on cryptocurrency traders and related entities. The proposed reforms, according to sources who spoke to Bloomberg, would extend Masak’s anti-money laundering (AML) jurisdiction to include both crypto and fiat accounts. The measures are intended to align with those developed by the Financial Action Task Force (FATF), an international body that creates standards addressing money laundering and the financing of terrorism. The FATF, an intergovernmental watchdog of which Turkey is a member, removed Ankara from its “grey list” of countries subject to increased monitoring in June 2024, following progress on its mechanisms for combating money laundering and terrorist financing. The bill is expected to be presented to the Grand National Assembly, although no specific timeline has been disclosed. On approval, Masak will have the authority to freeze or close accounts suspected of illicit use across payment systems, electronic money institutions, banks, and cryptocurrency exchanges. It would also be able to impose transaction limits or blacklist crypto wallets linked to criminal activity. Turkey moves to clamp down on rented crypto accounts The main focus of the legislation is to curb the rise of so-called “rented accounts” — accounts that criminals pay individuals to use for activities such as illegal gambling or financial fraud . Masak is a major player in Turkey’s anti-money laundering efforts as it collects and analyzes suspicious transaction reports, refers cases to prosecutors, and serves as a liaison on international compliance issues. While trading and investment in digital assets remain legal in Turkey, and profits are not yet subject to taxation as of October, the government has been moving to tighten the rules surrounding cryptocurrencies. Reports indicate that the Finance Ministry is forming new rules that would require crypto exchanges to collect detailed information on the source and purpose of transactions, as well as introduce limits on stablecoin transfers. Earlier this year, the Capital Markets Board (CMB), one of Turkey’s key financial regulators, said it had restricted access to several platforms offering “unauthorized” digital asset services, such as PancakeSwap, a popular decentralized exchange. All crypto players in Turkey are now required to register locally, as the board was granted increased powers in March 2025, with strict anti-money laundering and customer protection requirements to be met. Among the key rules are ID checks on transactions exceeding 15,000 lira, transfer limits on stablecoins, and delays in cash withdrawals for certain purposes. Turkey’s move aligns with that of other countries, including Kazakhstan and Russia, which have been cracking down on digital asset markets. While trading and holding cryptocurrencies remain legal, the use of payment services has been illegal since 2021. Turks turn to crypto as Lira’s crisis fuels digital asset adoption Cryptocurrency adoption in Turkey has been steadily increasing for some time. According to the latest Chainalysis Global Crypto Adoption Index, released in September, this increase is supported by the growth of centralized retail platforms and the growing presence of institutional crypto services in the country. A major catalyst, however, has been the sharp depreciation of the Turkish lira. Since 2018, the lira has been facing a prolonged financial and economic crisis marked by high inflation, rising borrowing costs, and widespread loan defaults. Several citizens have turned to dollar-pegged stablecoins and BRC as alternative stores of value as the lira’s value has eroded. To understand the scale of the lira’s decline: In 2020, one Bitcoin was worth about 100,000 Turkish lira. Today, that exact figure exceeds 4.6 million lira, showing both Bitcoin’s price appreciation and the lira’s steep depreciation. Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.

Crypto is back up today, and those looking to speculate on this booming $4 trillion market are probably wondering which are the best projects to buy into right now.. Bitcoin remains about 10% down from its all-time high (ATH) of $124,128, set last month. At the same time, its dominance is falling, and investor enthusiasm has spilled over into leading altcoins and the best meme coins , many of which have reached fresh milestones over the past year. Much of this renewed momentum can be traced back to two landmark policy changes in Washington. First, President Trump signed the GENIUS Act, the country’s first comprehensive stablecoin regulatory bill. Soon after, the SEC unveiled Project Crypto, an initiative designed to update securities laws for the digital asset age. With sentiment improving, attention has turned to major altcoins such as XRP, Pepe, and Dogecoin, which are being watched as some of the most attractive dip-buying opportunities ahead of a potential bull cycle. Ripple ($XRP): Cross-Border Payments Leader and 2025’s Best Crypto Altcoin Ripple’s XRP ($XRP) spiked to a record $3.65 on July 18, coinciding with the GENIUS Act’s passage, surpassing its previous 2018 peak of $3.40. It has since corrected to around $2.86, about 22% below the recent high. XRP’s appeal lies in its role as a cost-efficient solution for international remittances, positioning it as a modern alternative to legacy systems such as SWIFT. Its reputation has been reinforced by endorsements from the UN Capital Development Fund and recognition within the U.S. financial community. Ripple’s regulatory clout was also evident earlier this year when CEO Brad Garlinghouse joined a White House panel on crypto policy. The launch of RLUSD, Ripple’s dollar-pegged stablecoin, shows its ambition to capture a slice of the fast-growing stablecoin sector. Momentum accelerated after a decisive 2023 court ruling determined XRP’s retail transactions were not securities, marking a watershed moment in Ripple’s legal battle with the SEC. In the past 12 months, XRP has soared 354%, essentially quintupling Bitcoin’s 70% gains over the same period. Following July’s surge, XRP found support near $3 before seasonal weakness in September pulled it below that level. At present, its RSI sits near 42 and appears to be trending lower, offering further discounting potential. While interest rate cuts and the approval of the first spot XRP ETF didn’t spark an immediate rally, likely because markets had priced them in, upcoming ETF rulings in October could push XRP past the $4 threshold in short order. Dogecoin ($DOGE): The Meme Coin Pioneer’s Push Toward $1 Created in 2013 as a lighthearted joke, Dogecoin ($DOGE) has evolved into the most widely recognized meme coin, backed by a loyal community and currently valued at $34.8 billion in market cap. The token broke into the mainstream in 2021, boosted by high-profile supporters including Elon Musk, Snoop Dogg, and Gene Simmons. This May, institutional speculation around a possible U.S. spot Dogecoin ETF drove DOGE back above $0.25. It now trades at roughly $0.2307, up 2% overnight in line with the broader market rally. The $74.6 billion meme sector, represented by Dogecoin, has only risen a modest 0.4%, while it has kept pace with more established names like Bitcoin, Ethereum, and XRP. It appears investors are flipping to a risk-on outlook, but not quite risk-embracing enough to go for smaller market cap meme coins. DOGE’s RSI stands near 44, hinting at plenty of headroom for further price rises over the week. Additionally, October is historically a bullish month for crypto, which could fuel significant upside. With Tesla accepting DOGE for select payments and major platforms like PayPal and Revolut expanding integration, Dogecoin’s real-world use cases continue to grow. Should momentum hold, DOGE could test $0.50 by mid-October, with the much-discussed $1 milestone still on the horizon. Shiba Inu ($SHIB): The Best Meme Coin for Utility Among Blue Chip Crypto Projects Launched in August 2020, Shiba Inu ($SHIB) has risen to become the second-largest meme coin, carrying a market cap of almost $7 billion. In the last 24 hours, SHIB gained 1.4%, which means that, like its inspiration, Dogecoin, it outperformed the broader meme coin sector. SHIB’s relative resilience, large market cap, and expanding functionality make it trade more like a blue-chip digital asset than a speculative meme coin. It currently trades at around $0.00001179. Technically, SHIB has formed two bullish setups in the past year: a descending wedge (November–March) and a flag pattern since May. Breaking resistance at $0.000022 could open a path toward $0.00003 by late October, with more aggressive targets between $0.00006 and $0.00009 possible if a strong bull run develops. Unlike many meme tokens, SHIB has meaningful applications. These include Shibarium, an Ethereum-based Layer-2 solution designed to cut fees and speed up transactions, as well as privacy-enhancing tools aimed at broadening adoption. Bitcoin Hyper ($HYPER): A Layer-2 Presale Reaching for 2025 Growth Bitcoin Hyper ($HYPER) is positioning itself as one of 2025’s most promising presales, aiming to combine Bitcoin’s security with the scalability of Layer-2 technology while leveraging meme-driven virality and decentralized governance. The project seeks to expand Bitcoin’s utility by enabling faster payments, smart contract functionality, and community-led decision-making. So far, the presale has raised over $18.8 million, with analysts predicting post-launch upside of 10× or more. Powered by the Solana Virtual Machine (SVM), HYPER offers low-cost smart contracts and features a Canonical Bridge that enables near-instant Bitcoin transfers while also supporting dApps, meme tokens, and payment solutions. A recent Coinsult audit found no vulnerabilities, further boosting confidence. The HYPER token underpins the ecosystem through staking, transaction fees, and governance rights. Early participants can earn up to 63% APY through staking and receive voting power once governance goes live. Visit the official presale website or follow Bitcoin Hyper on X and Telegram for more information. Click Here to Participate in the Presale The post Best Crypto to Buy Now 29 September – XRP, Dogecoin, Shiba Inu appeared first on Cryptonews .

Adrienne Harris, the NYDFS superintendent, is leaving her post effective October 2025; Deputy Superintendent Kaitlin Aslow will become acting superintendent on October 18, 2025. This transition marks a leadership change at New York’s primary crypto regulator and may influence enforcement priorities and stablecoin guidance continuity. Who is leaving: Adrienne Harris, Superintendent of the New York Department of Financial Services (NYDFS). When the change occurs: Harris departs in October 2025; Deputy Kaitlin Aslow takes over October 18, 2025. Regulatory context: NYDFS remains a strict crypto regulator known for the BitLicense and actions involving Robinhood and Coinbase; stablecoin guidance was issued under Harris’ tenure. Adrienne Harris departure: NYDFS superintendent to leave in October 2025; Kaitlin Aslow will step in—read timeline, regulatory impact, and next steps. What is Adrienne Harris leaving NYDFS? Adrienne Harris is resigning as superintendent of the New York Department of Financial Services in October 2025. She was nominated in 2021 and served as the longest‑serving superintendent, helping shape the department’s Virtual Currency Unit and issuing early U.S. guidance on dollar‑backed stablecoins. How will the leadership transition occur? Deputy Superintendent of Research & Innovation Kaitlin Aslow will assume the superintendent role effective October 18, 2025. Governor Kathy Hochul announced the transition and praised Harris’ four years of service. The change aims for continuity in oversight of crypto licensing and enforcement actions. { "@context": "https://schema.org", "@type": "NewsArticle", "headline": "Adrienne Harris to Leave NYDFS; Deputy Kaitlin Aslow to Take Over in October 2025", "description": "Adrienne Harris departure: NYDFS superintendent to leave in October 2025; Kaitlin Aslow will step in—read timeline, regulatory impact, and next steps.", "datePublished": "2025-09-29T00:00:00Z", "dateModified": "2025-09-29T00:00:00Z", "author": { "@type": "Organization", "name": "COINOTAG" }, "publisher": { "@type": "Organization", "name": "COINOTAG", "logo": { "@type": "ImageObject", "url": "https://en.coinotag.com/path/to/logo.jpg" } }, "mainEntityOfPage": { "@type": "WebPage", "@id": "https://en.coinotag.com/article/adrienne-harris-departure" }} { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [ { "@type": "Question", "name": "When will Adrienne Harris leave the NYDFS?", "acceptedAnswer": { "@type": "Answer", "text": "Adrienne Harris will leave her post in October 2025; Deputy Superintendent Kaitlin Aslow will assume the role on October 18, 2025." } }, { "@type": "Question", "name": "Who will lead NYDFS after Harris departs?", "acceptedAnswer": { "@type": "Answer", "text": "Deputy Superintendent of Research & Innovation Kaitlin Aslow will assume the post as superintendent effective October 18, 2025." } }, { "@type": "Question", "name": "What does this mean for New York crypto regulation?", "acceptedAnswer": { "@type": "Answer", "text": "The department is expected to maintain a rigorous regulatory posture, continuing enforcement and oversight of BitLicense holders and stablecoin policy established during Harris' tenure." } } ]} { "@context": "https://schema.org", "@type": "HowTo", "name": "How NYDFS leadership transition will be implemented", "description": "Steps for the administrative transition from Adrienne Harris to Kaitlin Aslow at NYDFS.", "step": [ { "@type": "HowToStep", "name": "Public announcement", "text": "Governor Kathy Hochul publicly announced Adrienne Harris' decision and the appointment of Deputy Kaitlin Aslow as successor." }, { "@type": "HowToStep", "name": "Effective date", "text": "Kaitlin Aslow will assume the superintendent role on October 18, 2025; operations will continue under department protocols." }, { "@type": "HowToStep", "name": "Operational handoff", "text": "Internal briefings and continuity plans will be executed to maintain enforcement, licensing, and ongoing policy work." } ]} Why does Adrienne Harris’ departure matter for crypto firms? New York’s regulatory framework, anchored by the BitLicense , is a pivotal market requirement for crypto firms operating in the state. Harris’ departure matters because NYDFS sets enforcement tone: under her leadership, the department took enforcement action against major firms and issued early stablecoin guidance. Firms should monitor any shifts in enforcement priorities during the handover. What enforcement actions and guidance occurred under Harris? Under Harris, NYDFS maintained a strict compliance approach. The department issued enforcement actions to firms including Robinhood and Coinbase for compliance lapses (2022–2023) and became the first U.S. regulator to provide formal guidance for U.S. dollar‑backed stablecoins and issuers. These actions reinforced New York’s reputation for detailed crypto oversight. NYDFS (tweet content): “After four transformative years of leadership, Superintendent Adrienne A. Harris has made the decision to leave NYDFS. As the longest-serving Superintendent in DFS history, she leaves behind a stronger, more resilient DFS redefined by bold vision, modern policy, and real impact.” — NYDFS (tweet text preserved as plain text) Frequently Asked Questions When does Kaitlin Aslow take over as NYDFS superintendent? Kaitlin Aslow assumes the superintendent position on October 18, 2025, following an official announcement by Governor Kathy Hochul and a public statement from NYDFS. Will NYDFS change its approach to BitLicense enforcement? NYDFS historically enforces BitLicense requirements strictly. The department signaled continuity in enforcement and policy under the transition; however, market participants should watch for new guidance or enforcement memos from the incoming superintendent. Key Takeaways Leadership change : Adrienne Harris is departing NYDFS in October 2025; Kaitlin Aslow takes over October 18. Regulatory continuity : NYDFS is likely to continue its rigorous BitLicense enforcement and stablecoin oversight. Action for firms : Crypto firms operating in New York should review compliance programs and monitor NYDFS announcements during the transition. Conclusion The departure of Adrienne Harris marks a notable leadership transition at NYDFS that is expected to preserve the department’s stringent regulatory posture. With Kaitlin Aslow set to step in on October 18, 2025, market participants should prepare for continuity in enforcement and follow NYDFS statements for specific policy updates. Published: 2025-09-29 | Updated: 2025-09-29 | Author: COINOTAG

Kaitlin Asrow will become acting superintendent of the New York Department of Financial Services (NYDFS) effective Oct. 18, 2025, succeeding Adrienne Harris and inheriting oversight of banks, insurers and crypto firms under New York’s BitLicense framework. Kaitlin Asrow will serve as NYDFS acting superintendent from Oct. 18, 2025, taking charge of licensing and supervision for banks, insurers and crypto firms in New York and continuing NYDFS oversight of stablecoin and digital-asset rules. Kaitlin Asrow is NYDFS acting superintendent effective Oct. 18, 2025. Adrienne Harris steps down after four years leading NYDFS, a regulator of major banks and crypto firms. NYDFS continues to shape stablecoin and digital-asset policy under state BitLicense oversight, affecting Coinbase, Circle and Paxos. Kaitlin Asrow NYDFS acting superintendent Oct. 18, 2025 — key impacts on crypto licensing and stablecoin oversight. Read COINOTAG’s analysis. Published: 2025-09-29 | Updated: 2025-09-29 What is Kaitlin Asrow’s new role at the NYDFS? Kaitlin Asrow becomes the NYDFS acting superintendent on Oct. 18, 2025 , taking responsibility for licensing, supervision and enforcement across banks, insurers and digital-asset firms in New York. Asrow inherits oversight of the state’s BitLicense regime and ongoing stablecoin policy work previously coordinated by Adrienne Harris. How did the transition occur and who announced it? New York Governor Kathy Hochul announced the leadership transition. Adrienne Harris will step down after four years as superintendent; Kaitlin Asrow — currently Executive Deputy Superintendent for Research & Innovation — will assume the acting role on Oct. 18, 2025. How will the leadership change affect crypto regulation in New York? Expect continuity in core regulatory priorities: supervision of crypto licensing, stablecoin oversight and engagement with federal stablecoin legislation. Under Adrienne Harris, NYDFS closely reviewed federal proposals and engaged industry stakeholders; Kaitlin Asrow has led licensing and built a large digital-asset regulatory team inside the regulator. NYDFS remains a primary voice on stablecoin policy. Congress enacted federal stablecoin legislation in July 2025; NYDFS’s implementation focus will center on state licensing coordination, market integrity and consumer safeguards. What experience does Kaitlin Asrow bring to the NYDFS superintendent role? Asrow spent four years overseeing licensing and supervision of crypto companies at NYDFS’s Research & Innovation division. She helped scale the regulator’s digital-asset team and led licensing reviews under New York’s BitLicense framework. Her background positions her to manage day-to-day supervision and continued policy engagement. { "@context": "https://schema.org", "@type": "NewsArticle", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://en.coinotag.com/article/kaitlin-asrow-nydfs-transition" }, "headline": "Kaitlin Asrow Named NYDFS Acting Superintendent, Effective Oct. 18, 2025", "description": "Kaitlin Asrow will become acting superintendent of the NYDFS on Oct. 18, 2025, succeeding Adrienne Harris and overseeing banks, insurers and crypto firms under New York's BitLicense regime.", "datePublished": "2025-09-29T12:00:00Z", "dateModified": "2025-09-29T12:00:00Z", "author": { "@type": "Organization", "name": "COINOTAG" }, "publisher": { "@type": "Organization", "name": "COINOTAG", "logo": { "@type": "ImageObject", "url": "https://en.coinotag.com/logo.png" } }, "image": [ "https://en.coinotag.com/default-thumb.jpg" ]} { "@context": "https://schema.org", "@type": "HowTo", "name": "How the NYDFS leadership transition will be implemented", "description": "Steps NYDFS and stakeholders will take as Kaitlin Asrow becomes acting superintendent.", "step": [ { "@type": "HowToStep", "name": "Announcement and effective date", "text": "Governor Kathy Hochul announced the appointment; Asrow assumes the acting role Oct. 18, 2025." }, { "@type": "HowToStep", "name": "Internal handover", "text": "NYDFS will complete internal transition tasks including delegation of supervisory responsibilities and staff briefings." }, { "@type": "HowToStep", "name": "Regulatory continuity", "text": "Ongoing licensing reviews, stablecoin guidance and supervisory actions will continue under established NYDFS protocols." }, { "@type": "HowToStep", "name": "Stakeholder engagement", "text": "NYDFS will maintain communication with banks, insurers and digital-asset firms to minimize market disruption." } ]} { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [ { "@type": "Question", "name": "When does Kaitlin Asrow take office as NYDFS acting superintendent?", "acceptedAnswer": { "@type": "Answer", "text": "Kaitlin Asrow becomes NYDFS acting superintendent effective Oct. 18, 2025." } }, { "@type": "Question", "name": "Who is replacing Adrienne Harris at the NYDFS?", "acceptedAnswer": { "@type": "Answer", "text": "Kaitlin Asrow will replace Adrienne Harris as the acting superintendent of the New York Department of Financial Services." } }, { "@type": "Question", "name": "Will NYDFS change its approach to stablecoin regulation?", "acceptedAnswer": { "@type": "Answer", "text": "NYDFS is expected to continue prioritizing stablecoin oversight and licensing while coordinating implementation of federal stablecoin legislation passed in July 2025." } } ]} Frequently Asked Questions When is Kaitlin Asrow scheduled to begin as acting superintendent? Kaitlin Asrow is scheduled to take over as acting superintendent of the New York Department of Financial Services on Oct. 18, 2025, according to the state announcement. How does this leadership change affect crypto firms licensed in New York? Firms should expect continuity in licensing reviews and supervision. Asrow’s background overseeing crypto licensing suggests ongoing scrutiny under the BitLicense framework with emphasis on compliance and consumer protections. Will NYDFS maintain its influence on federal digital-asset policy? Yes. NYDFS has reviewed federal proposals closely over recent years and will remain active in implementation discussions following Congress’s stablecoin legislation in July 2025. Key Takeaways Appointment: Kaitlin Asrow becomes NYDFS acting superintendent on Oct. 18, 2025. Continuity: NYDFS will continue licensing and supervision of banks, insurers and crypto firms under existing frameworks. Policy focus: Stablecoin oversight and BitLicense administration remain central priorities. Conclusion Kaitlin Asrow’s appointment as NYDFS acting superintendent on Oct. 18, 2025 preserves regulatory continuity for banks, insurers and digital-asset firms in New York. Market participants should prepare for ongoing licensing scrutiny and coordinated implementation of stablecoin rules. For continued coverage and analysis, follow COINOTAG’s reporting.

New York Department of Financial Services Superintendent Adrienne Harris will leave the regulator next month, she announced Monday. Harris, a former White House special assistant under former President Barack Obama, will depart NYDFS on Oct. 17, 2025, New York Governor Kathy Hochul said in a statement . NYDFS Executive Deputy Superintendent of Research and Innovation Kaitlin Asrow will take over as acting head of the agency. NYDFS was the first state regulator to issue specific rules for crypto firms with its landmark BitLicense, which came into effect 10 years ago. In statements, Hochul and Harris thanked each other, with Hochul saying Harris worked "every day to make our financial system work for New Yorkers, while also rebuilding the Department into a regulator fit for the financial capital of the world." Harris first took office as the acting superintendent in August 2021, after Hochul nominated her to the role, and was confirmed by New York's state senate the following January. "It feels like yesterday and a lifetime ago, all at the same time," Harris said of her four-year tenure earlier Monday during an appearance at the Digital Asset Compliance & Market Integrity Summit hosted by Solidus Labs. In that time, she said, NYDFS had issued 11 different pieces of regulatory guidance to bolster the regulator's landmark BitLicense. "The industry had already changed so much from 2015 to 2021 when I came in, it felt really important that we start to add meat to the bones of the regulation," she said. This included guidance for dealing with stablecoins, blockchain analytics and coin listings, among other pieces of information, she said. "I think it's a real testament to what we've done out of DFS that folks in both chambers of Congress, folks on both sides of the aisle, come to us for our technical expertise, for advice, for edits, much of which have been incorporated — not all — but into the current market structure bill," she said. NYDFS also undertook investigations and enforcement actions, including into the Binance dollar stablecoin (BUSD) issued by stablecoin firm Paxos following an investigation dating back to 2023.

Solana planted a $13.5 billion flag in real-world assets (RWAs), with stablecoins in mix, and Redstone’s latest report says that puts the chain in pole position for Internet Capital Markets. Redstone Analysis: Solana’s Tokenized Assets Top $13.5B, Building Internet Capital Markets The modular oracle protocol and decentralized finance (DeFi) firm Redstone explains that Solana’s RWA