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XRP investors poured $320M into ETFs while the funds sat on a $746M paper loss

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XRP investors poured $320M into ETFs while the funds sat on a $746M paper loss
Five major US spot XRP products held XRP with a combined fair value $746.1 million below accounting cost at the end of June, but investors kept buying anyway. According to SEC filings, Bitwise, Canary Capital, Franklin Templeton, 21Shares, and Grayscale recorded roughly $629.9 million in primary-market share creations against $309.1 million in redemptions during the … Read more

How FBI turned Hamas’ crypto fundraising pipeline into a law-enforcement trap

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How FBI turned Hamas’ crypto fundraising pipeline into a law-enforcement trap
The US Federal Bureau of Investigation (FBI) seized Hamas-linked fundraising infrastructure and used it to intercept cryptocurrency donations intended for the group. Earlier this week, the Justice Department said the operation followed earlier court-authorized seizures that traced and recovered more than $560,000 in digital assets tied to Hamas fundraising. Those seizures came through warrants issued … Read more

Robinhood put stocks on a permissionless blockchain- memecoin traders are stress-testing what happens next

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Robinhood put stocks on a permissionless blockchain- memecoin traders are stress-testing what happens next
Memecoins paired against Robinhood’s tokenized stocks generated $217 million of trading volume on Robinhood Chain on Sept. 2, according to data compiled by on-chain researcher Adam Tehc. The volume outpaced the $127 million that traded through direct stock token markets that same day. Traders are using tokenized Nvidia or Hims & Hers shares as the … Read more

Thailand puts private wallets and offshore crypto transfers on notice in a major new crypto rule

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Thailand puts private wallets and offshore crypto transfers on notice in a major new crypto rule
Thailand’s Securities and Exchange Commission has issued a Travel Rule that will require supervised crypto platforms to collect and transmit information identifying the people or entities behind coin transfers. The regulator announced the rule on Sept. 2, and an associated notification is dated Aug. 25. It takes effect Feb. 27, 2027, after a 180-day implementation … Read more

How stablecoins are quietly becoming the Fed’s debt buyer of last resort

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How stablecoins are quietly becoming the Fed’s debt buyer of last resort
Circle president Heath Tarbert told Congress on Sept. 2 that placing digital-dollar infrastructure under US rules could reinforce the network effects that support the currency’s global role. The testimony framed stablecoin and digital asset legislation as a tool of dollar statecraft. US rules can strengthen private dollar-token rails, while official reserve share remains a separate … Read more

Uniswap trading volume explodes to record levels over 7 million per day – but actual fees lag far behind

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Uniswap trading volume explodes to record levels over 7 million per day – but actual fees lag far behind
Uniswap’s new swap record is testing whether the protocol’s wider fee footprint can turn rising activity into measurable UNI burns. Uniswap founder Hayden Adams said Tuesday that the decentralized exchange was handling roughly 82 swaps per second across chains. He was responding to Blockworks Research analyst Marc Arjoon, who said Uniswap had recorded more than … Read more

The SEC is rewriting 50-year-old Wall Street rules to let public blockchains decide who legally owns a stock

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The SEC is rewriting 50-year-old Wall Street rules to let public blockchains decide who legally owns a stock
The US Securities and Exchange Commission (SEC) wants to let Wall Street’s official shareholder records move onchain while keeping regulated transfer agents in control. On Sept. 1, the financial regulator proposed its first major overhaul of transfer-agent rules since regulations were adopted in the late 1970s and early 1980s, explicitly allowing blockchain or other distributed-ledger … Read more

What the $344M crypto political spending spree wants from Congress next

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What the $344M crypto political spending spree wants from Congress next
Corporate political donations hit a record $646 million over the 18 months through June, according to Public Citizen’s analysis of FEC filings. Crypto political spending led every other corporate sector at $206 million, while crypto, AI, and online betting together accounted for $344 million, more than half the total. The GENIUS Act already created a … Read more

North Korea’s $30M crypto cashout just handed legacy finance its best weapon to kill DeFi’s US debut

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North Korea’s $30M crypto cashout just handed legacy finance its best weapon to kill DeFi’s US debut
CME and ICE told Washington in May that Hyperliquid’s pseudonymous, always-on markets could let sanctioned state actors circumvent enforcement. On Aug. 31, an Arkham analysis reviewed by CoinDesk found that wallets linked to North Korea’s Lazarus Group had sold more than $30 million of Bitcoin through Hyperliquid over the prior three weeks. The proceeds were … Read more