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India moves to block 15 crypto apps, leaving users facing sudden account lockout

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India moves to block 15 crypto apps, leaving users facing sudden account lockout
India’s Financial Intelligence Unit, the agency enforcing anti-money laundering reporting rules for crypto services, has issued non-compliance notices to 15 providers and separately sought the takedown of their apps and URLs from public access in India. The Sept. 9 announcement says the services were operating without meeting relevant requirements under the Prevention of Money Laundering … Read more

SEC gives Bitcoin-heavy trusts a new 15% window to venture beyond existing listing rules

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SEC gives Bitcoin-heavy trusts a new 15% window to venture beyond existing listing rules
The US Securities and Exchange Commission has approved a Nasdaq Texas rule that gives qualifying commodity-linked trusts more flexibility over what they can hold while allowing actively managed strategies. Under the Sept. 3 approval order, a qualifying Commodity-Based Trust Share must keep at least 85% of its net asset value in cash, cash equivalents, or … Read more

Memecoin degens are providing the spark for Wall Street to turn stock tokens into real capital

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Memecoin degens are providing the spark for Wall Street to turn stock tokens into real capital
Pump.fun announced its new Custom Pairs feature on Sept. 9, letting new memecoins trade against tokenized stocks, major crypto assets, and other quote assets, expanding the familiar settlement menu beyond SOL and stablecoins. If a meme trades against a tokenized stock, traders must acquire or supply that stock token to enter the market. Launchpads can … Read more

It looks like a stock and trades like a stock, but it isn’t actually a stock – what is it?

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It looks like a stock and trades like a stock, but it isn’t actually a stock – what is it?
Tokenized stocks promise cheaper trading and wider access, while some products make speculation easier without passing shareholder rights to the buyer. Two people can open their investment apps, see the same company name beside a similar price, and still own different things. One holds shares in the company, and the other holds a token designed … Read more

How Tether’s $45 million crackdown drove Southeast Asian scam compounds into an ‘unfreezable’ decentralized stablecoin

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How Tether’s $45 million crackdown drove Southeast Asian scam compounds into an ‘unfreezable’ decentralized stablecoin
Tether is pursuing Xinbi Guarantee across its USDT payment network, freezing operational wallets as the sanctioned marketplace tries to keep transacting. Blockchain analytics firm Bitrace said on Sept. 9 that more than $45 million in USDT had been frozen across at least 22 operational addresses linked to Xinbi, including wallets used to receive, route, and … Read more

Bitcoin traders bet borrowed money on a rally as oil surges ahead of Friday’s inflation test

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Bitcoin traders bet borrowed money on a rally as oil surges ahead of Friday’s inflation test
Bitcoin is holding above $78,000 as Brent crude breached $100 and rising Treasury yields revived inflation fears. Data from CryptoSlate showed the flagship cryptocurrency trading around $78,451 at press time, with little sign of the pressure spreading across bond and energy markets after an escalation in the Middle East pushed Brent above the threshold for … Read more

Bitcoin just hit a decade-low S&P 500 correlation, but the daily data tells a different story

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Bitcoin just hit a decade-low S&P 500 correlation, but the daily data tells a different story
Investors holding Bitcoin alongside US stocks cannot tell whether their portfolio has become safer simply from a negative correlation between the assets’ price paths. A historical comparison through September 4 shows why: Bitcoin and the S&P 500 can move further apart over a year while still posting losses on many of the same trading dates. … Read more

You can borrow against Bitcoin without selling it, but there’s a catch

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You can borrow against Bitcoin without selling it, but there’s a catch
Bitcoin holders who need cash do not necessarily have to sell their BTC. They can borrow against it instead, keeping exposure to Bitcoin while using its value as collateral for a loan. The complication is that the loan they want may exist on another network. Many blockchain lending applications run on Ethereum, which keeps its … Read more