Crypto

Cryptocurrency news — bitcoin, ethereum, regulation, and adoption — from balanced sources.

230 articles shownof 230 totalLast updated 2026-09-22 15:26 UTC

Ethereum Clears $2,700 in a Short Squeeze as Bitcoin Hits an Eight-Month High, While 30-Year Mortgage Rates Stay Above 7%

A week after the Senate killed the Clarity Act, crypto's rally rolled on Tuesday: Bitcoin hit $85,787 and Ethereum broke $2,700 on a $183 million short squeeze, with Strategy and Tom Lee's BitMine both buying in. Meanwhile the 30-year mortgage rate barely budged off 7.03%, a reminder that a speculative asset rally and the real economy are running on two different tracks.

ECB Tells Brussels to Widen Stablecoin Interest Ban and Hand Frankfurt More Crypto Oversight

The European Central Bank and all 27 EU national central banks formally asked Brussels on September 22 to close stablecoin interest loopholes, scrap the current bank-deposit reserve rule, and centralize crypto supervision under EU authorities. The request lands the same week the ECB pushed its own Pontes settlement system into production and opened a merchant pilot for a digital euro, moves critics see as Frankfurt racing to build a government alternative before dollar stablecoins lock in Europe.

SoFi Bank Moves Its Entire $25 Billion Mastercard Card Program to Stablecoin Settlement

SoFi Bank and Mastercard confirmed Tuesday that SoFi is now settling its full $25 billion annualized card program on the blockchain using SoFiUSD, a bank-issued stablecoin. It's the first time a nationally chartered bank has moved live card settlement onto Mastercard's network this way, and it's a real-world test of whether regulated crypto can quietly replace decades-old settlement plumbing.

Crypto Market Tops $3 Trillion Again as Bitcoin Nears $87,000, a Week After the Senate Killed a Regulation Bill

Total crypto value crossed $3 trillion on Tuesday, September 22, for the first time since January, powered by a Treasury bond buyback move and nearly $1 billion in Bitcoin ETF inflows. The rally comes exactly one week after the Senate failed 49-50 to advance the Digital Asset Market Clarity Act, meaning the industry is partying without the regulatory rulebook it spent a year negotiating.

Clarity Act Stalls Further as Seven GOP Senators Back Bank-Friendly Stablecoin Yield Curbs

Since the Senate's 49-50 cloture failure on September 15, the Digital Asset Market Clarity Act has gotten more tangled, not less. Seven Republican senators are now backing a bank-favored restriction on stablecoin yields, splitting the GOP's own crypto coalition and leaving Cynthia Lummis's year-long negotiation in limbo.

Harvard and Crypto AI Platform Chutes Release 6.1 Billion-Request Dataset, Find 99% of Repeat Queries Land Within 15 Minutes

Chutes, a decentralized AI inference platform built on the Bittensor network, teamed up with Harvard researchers to publish a year of anonymized LLM usage data covering 6.1 billion requests. The headline finding, that 99% of repeat queries happen within 15 minutes, matters for how AI companies build cheaper, faster infrastructure. The dataset was built with a paid opt-in period, which is worth flagging even though no source shows it skewed the results.

Bitcoin Tops $85,000, Highest Since January, as $648 Million in Short Bets Get Blown Out

Bitcoin surged past $85,000 Monday, up nearly 12% since bottoming near $76,000 on September 16 after the Senate blocked the CLARITY Act. A short squeeze, falling oil prices and regulatory moves by the SEC and CFTC contributed to the rally.

Apple and Google Post Job Listings Seeking Stablecoin and Tokenization Experts

Apple and Google both listed stablecoin, tokenized deposit, and blockchain expertise as preferred qualifications in payments-related job postings this month. Samsung did the same on September 18. None of the three companies has announced an actual stablecoin product, but the hiring language marks a shift from vague 'digital finance' talk to explicit blockchain payment infrastructure.

SEC Moves to Exempt 1,700 Firms From Post-Enron Audits as Senate Kills Trump's Crypto Bill

The SEC's May proposal to triple the audit-exemption threshold under Sarbanes-Oxley would strip independent internal-controls audits from roughly 1,700 public companies, costing accounting firms an estimated $430 million a year. Meanwhile the Trump-backed Clarity Act, meant to give crypto its first federal rulebook, died on a Senate procedural vote this week. Two different fights, same underlying question: how far does Chair Paul Atkins get to take deregulation before Congress or investors push back.

Solana ETFs Extend Inflow Streak to 12 Weeks as Bitcoin Funds Post Their Slowest Week in 141 Weeks of Trading

Solana spot ETFs have now pulled in money for 12 straight weeks, topping $1.4 billion total, while Bitcoin spot ETFs just logged their weakest weekly inflow since launching in January 2024. Bitcoin still holds over 6% of all coins in circulation through ETFs, so this is a rotation in the news cycle, not proof Bitcoin is losing.

Bitcoin Jumps Past $81,000 as Short Sellers Get Liquidated and ETFs Post Two Straight Days of Inflows

Bitcoin spiked 6% on Friday, September 18 to its highest level since September 7, but CoinDesk data cited by KuCoin shows nearly $470 million of that move came from forced short-position liquidations, not pure buying. Spot Bitcoin ETFs, which now hold north of 6% of the entire coin supply, added $592 million over the two days through September 18, with BlackRock's IBIT and Fidelity's FBTC doing almost all the work.

Ethereum Gains 60% in Q3, Second-Best Quarter Ever, While BlackRock's ETF Still Sits 27% Below Its Launch Price

Ethereum is up 60.62% this quarter, its second-best Q3 on record, after getting crushed in the first half of 2026. But BlackRock's iShares Ethereum Trust, the largest spot ETH fund, is still down 27% since it launched in July 2024, and BlackRock is doing a reverse stock split in October to hide the damage. Big rally, real money moving in, but the ETF math shows this recovery started from a deep hole.")

OCC Grants Bastion Conditional National Trust Bank Charter for Stablecoin Services

The Office of the Comptroller of the Currency gave stablecoin infrastructure firm Bastion conditional approval on Friday, September 18, 2026, to convert its New York trust charter into a national trust bank charter. The move puts a crypto-native company under direct federal banking supervision, but it still can't take deposits or offer FDIC insurance, so read the fine print before calling this a full bank charter.

Trump Family Crypto Earnings Hit $1.4 Billion as Ethics Fight Over Senate Bill Comes Into Focus

Financial disclosures show Trump and his family pulled in more than $1.4 billion from crypto ventures this year, the exact conflict-of-interest problem Senate Democrats cited when they killed the CLARITY Act on September 15. The bill's ethics provisions would have let Trump keep profiting through a blind trust while leaving his sons' venture untouched, and three Republicans broke ranks for entirely different reasons involving community bank lending.

SEC Grants Five-Year Exemption for Tokenized Stock Trading, Two Days After Senate Blocks Crypto Bill

The SEC issued an order Thursday letting approved platforms trade blockchain-based versions of real U.S. stocks for the next five years, sidestepping a Congress that just failed to pass its own crypto rulebook. Tokens must carry real dividend and voting rights, companies get veto power, and the whole thing expires in five years unless lawmakers or regulators make it permanent.

Crypto's CLARITY Act Dies in Senate 49-50, SEC and CFTC Say They Will Write the Rules Themselves

The Senate blocked the CLARITY Act on a 49-50 cloture vote Tuesday, killing the crypto market-structure bill for now. Within a day, SEC Chair Paul Atkins and CFTC Chair Michael Selig said their agencies will move ahead with crypto rules under existing law, no legislation required. Bitcoin sits near $76,000 and banks like Deutsche Bank are already lining up for Bitcoin-lending approval, betting regulators, not Congress, will set the terms.

House Passes AI Data Center Utility Bill 417-3, Bitcoin Reserve Bill Clears Committee 28-21

The House voted 417-3 Wednesday to advance a bill letting states force AI data centers to pay for their own power infrastructure instead of sticking ratepayers with the bill. The same day, a House committee voted 28-21 to turn Trump's Strategic Bitcoin Reserve executive order into permanent law, locking roughly 324,527 BTC away for 20 years. Both bills still need Senate action neither has yet received.

Bitcoin and Ether ETFs Shed $1.11 Billion Over Two Days as Fed Hikes Rates to 4%, Crypto Prices Rise Anyway

US spot Bitcoin and Ether ETFs bled a combined $1.11 billion on September 15 and 16, their worst two-day outflow stretch in months, as the Federal Reserve raised rates for the first time since 2023 and the Senate's CLARITY Act crypto bill failed. Bitcoin and Ether prices rose anyway, proof that ETF flows and spot price are not the same signal.

Crypto Slides to Near Four-Week Lows After Senate Kills CLARITY Act, Fed Rate Call Looms

The Digital Asset Market CLARITY Act died in the Senate Tuesday on a 49-50 procedural vote, and Bitcoin, Ethereum and XRP are all down sharply as traders wait on a Federal Reserve rate decision scheduled for 2 p.m. ET Wednesday. XRP got hit hardest, down nearly 10%, while the regulatory bill's collapse over presidential ethics language leaves crypto's rulebook stuck in limbo heading into the midterms.

Senate Blocks Trump-Backed Crypto Bill, 49-50, Over Ethics Concerns From Both Parties

The Digital Asset Market Clarity Act died on a 49-50 cloture vote Tuesday, with Democrats citing weak safeguards on Trump's crypto profits and three Republicans defecting for their own reasons. Bill author Sen. Cynthia Lummis says it's dead for now. Trump's reported income jumped from $620 million to $2.2 billion between 2024 and 2025, much of it tied to crypto ventures run by his sons.

Senate Set for Cloture Vote Today on 630-Page Crypto Bill as Tribes Warn of Gambling Loophole

The Senate holds its do-or-die cloture vote today on the Digital Asset Market Clarity Act, needing seven Democratic votes to beat a filibuster. New wrinkles since the ethics deal: a California tribal gaming group is demanding Thune and Schumer kill the bill unless it closes a prediction-market loophole, and the staffer actually writing the thing, Wyoming's Chris Land, has spent five years building toward this moment.

BlackRock's Bitcoin ETF Buys $1.08 Billion in 20 Days While Grayscale's Fund Sheds $255 Million

Arkham Intelligence data shows BlackRock's IBIT pulled in $1.08 billion over the past 20 days while Grayscale's GBTC lost $254.7 million. IBIT charges a 0.25% annual fee versus GBTC's 1.5%, and the flagship GBTC product keeps losing money despite Grayscale's lower-fee Bitcoin Mini Trust alternative. The split comes right after Bitcoin ETFs as a group posted their worst outflow week since July, with a Senate cloture vote on the CLARITY Act and a Fed rate decision both landing this week.

White House Agrees to Let State AGs Enforce Crypto Ethics Rules Ahead of Tuesday's Clarity Act Vote

President Trump agreed Sunday night to ethics language in the Senate's CLARITY Act that lets state attorneys general, not just the DOJ, sue over crypto conflicts of interest, including his own. Senate Republicans say it's about 80% of what Democrats Ruben Gallego and Thom Tillis demanded, but it's still unclear if that's enough to clear Tuesday's 60-vote cloture threshold.

House GOP May Cut Crypto Mining Tax Break Days Before Sept. 16 Markup, as Senate Weighs Separate Crypto Bill Sept. 15

House Ways and Means Republicans are reportedly considering stripping mining and staking tax deferral language, and possibly broker reporting rules, from a crypto tax package days before a scheduled Sept. 16 markup. The horse-trading is aimed at winning Democratic votes, even as a separate Senate cloture vote on crypto market structure looms Sept. 15 and record industry money pours into the midterms.

CME Group Sues Its Own Regulator Over How to Classify Bitcoin Perpetual Futures

CME Group filed suit against the CFTC on June 18, arguing Bitcoin perpetual futures listed by rival KalshiEX should be regulated as swaps, not futures, a label that would saddle the product with far stricter compliance rules. Bank of America says CME wins either way this plays out, even as its own crypto futures business handles less than 5% of the volume the perpetual market already commands.

Mexico Busts Fourth Hidden Crypto Mining Farm in Puebla Mountains Since 2025, Stolen Hydro Power at Center of Probe

Mexican authorities tore down a 300-GPU crypto mining operation buried in the Sierra Norte mountains of Puebla, illegally wired into the Nuevo Necaxa hydroelectric dam. It's the fourth such site found in the region since early 2025, and investigators haven't ruled out cartel financing or money laundering. No charges have been announced yet.

Thailand's SEC Proposes $151,000 Daily Cap on Stablecoin Transfers, Would Ban Sending to Other People's Wallets

Thailand's Securities and Exchange Commission wants to cap stablecoin transfers at 5 million baht (about $151,000) per day and ban moving tokens like USDT to anyone else's wallet through licensed platforms. The stated target is money laundering and call-center scam networks, but the draft rules would also kill routine peer-to-peer crypto payments. Nothing is final: public comment runs through September 25, 2026.

Coinbase Pushes Crypto Deeper Into Banking as Senate Prepares Sept. 15 Vote on Clarity Act

Coinbase executives say traditional finance has stopped debating crypto and started building with it, pointing to stablecoin deals with over 1,000 community banks and a prediction-markets business already hitting a $100 million revenue run rate. CEO Brian Armstrong says bitcoin's bottom is in and predicts $400,000 by 2030, while the Senate is scheduled to vote around September 15 on the Clarity Act, the bill the industry says will finally settle who regulates what in crypto.

Reform UK Banks £72 Million From Two Crypto Billionaires in 24 Hours

Ben Delo and Christopher Harborne each handed Nigel Farage's Reform UK £36 million in back-to-back donations, the two largest single gifts in British political history. The money lands while the Metropolitan Police investigate the party over an undercover sting and Farage himself faces a separate probe into an undeclared £5 million gift from Harborne.

Revolut Handed Over Customer Bitcoin Records After a Forged Government Request Passed Its Security Checks

Revolut told a group of customers their names, ID documents, IBANs and full Bitcoin transaction histories were disclosed to someone posing as a government agency, according to a notice shared by on-chain investigator ZachXBT. The email used the agency's real domain and passed authentication checks, meaning Revolut couldn't tell it was fake until after the data was already out the door.

House Ways and Means Schedules Sept. 16 Crypto Tax Markup as GOP's Shortened Session Squeezes the Calendar

The House Ways and Means Committee is set to mark up two crypto tax bills on September 16, covering miner tax deferrals and wash-sale rules. But House GOP leadership's decision to cut the chamber's September session short and not return until November 9 has turned this markup into likely the only shot at floor action this year.

North Korea Expands Fake Remote-Worker Scheme to Iran, Lebanon and Beyond, Feds Seize $212,700 in Crypto

North Korea's remote-work infiltration scheme, which U.S. officials say generated up to $800 million in 2024 to fund weapons programs, is now recruiting Iranians, Lebanese and South Africans to pose as job candidates. A federal judge just ordered forfeiture of $212,700 in crypto tied to the operation, a small slice of the $7.74 million the Justice Department is chasing.

Senate GOP Releases 630-Page CLARITY Act Rewrite Targeting Crypto Projects That Fake Decentralization

Senator Cynthia Lummis posted a revised 630-page CLARITY Act five days before a Sept. 15 cloture vote, adding rules to catch DeFi platforms that claim to be decentralized but are actually run by a company or insider group. The ethics section Democrats have fought over barely changed, and as of Sept. 10 the bill still lacked the Democratic votes it needs to survive.

Trezor's Email Vendor Got Hacked, So Scammers Blasted 347,000 Crypto Owners With Fake Security Alerts

Hackers broke into Trezor's email marketing vendor Brevo and used it to blast 347,000 phishing emails from Trezor's own domain, tricking recipients into a fake microcontroller vulnerability scare. It's the second Trezor vendor breach in as many months, following an August hack of its shipping partner that exposed over 81,000 customers' addresses. This is what happens when a hardware wallet maker outsources its customer communications and never audits who's holding the keys.

Crowdsourced Quantum Study Cuts Bitcoin and Ethereum Attack Benchmark Another 50%, Building on Google's March Estimate

A crowdsourced research project with over 100 contributors and AI coding agents has cut a key quantum-attack benchmark for Bitcoin and Ethereum by more than half, building on a 20-fold reduction Google Quantum AI, the Ethereum Foundation and Stanford published back in March. Nobody's cracked a wallet yet and current quantum hardware isn't close, but the gap keeps shrinking on paper, and researchers say the fix takes years to deploy.

Ethereum Developers Advance Plan to Skip ETH for Gas Fees, But Deployment Is Years Off

Ethereum's core developers moved a proposal called EIP-8141 to formal scheduled status for a 2027 upgrade, a change that would let people pay network fees in stablecoins instead of ETH. It's a real engineering commitment, not a finished product, and one outlet's headline calling it "locked in" overstates where things actually stand.

Secret Service Freezes $52.8 Million in Crypto From Chinese-Language Scam Marketplace Xinbi

The U.S. Secret Service froze $52.8 million in cryptocurrency tied to Xinbi, a Telegram-based marketplace accused of processing at least $24 billion for scammers since 2022, while Treasury slapped it with cartel-level sanctions. The action lands alongside a separate FBI crackdown on global cyber fraud and a fresh warning that Chinese bot networks are trying to manipulate the U.S. debate over AI data centers.

Iran's Central Bank Now Lets Traders Settle Trade in Bitcoin and Tether to Dodge US Sanctions, Financial Times Reports

The Central Bank of Iran has quietly loosened currency rules so exporters can settle cross-border trade in Bitcoin and Tether instead of the government's official exchange platform, according to the Financial Times. It's a direct response to the sanctions and naval blockade the Trump administration has been tightening since mid-July, and it shows Tehran finding real workarounds even as President Masoud Pezeshkian admits the squeeze is causing gasoline shortages at home.

U.S. Bancorp Completes Live Cross-Border Payment With Its Own Stablecoin, USBDC

U.S. Bancorp, the fifth-largest bank in America, ran a live pilot moving money between its U.S. and European operations using a new dollar-pegged token called USBDC on the public Stellar blockchain. No commercial launch date yet, but it puts a federally regulated bank squarely into a market that Tether and Circle have owned for years.

TRM Labs Doubles Valuation to $2 Billion as Crypto Crime Tracker Pivots Into AI Crime-Fighting

San Francisco-based TRM Labs went from a $1 billion valuation in February 2026 to $2 billion this week, on the back of quadrupled recurring revenue and a new push into AI-driven fraud detection. The company built its name tracing crypto for law enforcement, but its own data, and a separate Fox News report on Chinese peptide sellers, show why the crime it's chasing keeps getting bigger and weirder.

Germany Drafts 25% Flat Tax on Crypto Gains, Ending the Tax-Free Holding Period

Germany's Finance Ministry has drafted a bill taxing crypto gains at a flat 25%, killing the rule that let investors sell Bitcoin and Ether tax-free after holding for a year. The draft is still a proposal, not law, and reports disagree on whether the real-world effect starts in 2027 or 2028. The revenue at stake, 160 million euros, is a rounding error against a 555.4 billion euro federal budget.

Polkadot Governance Vote Runs at 97.5% for dotUSD Stablecoin as DOT Price Jumps 42% in a Week

Polkadot's on-chain governance vote to create a native stablecoin called dotUSD is running at 97.5% approval, and DOT's price has surged 42.5% this week according to Cryptonomist. The vote isn't final, the funding request has already shrunk mid-referendum, and the whole thing is happening as U.S. stablecoin rules under the GENIUS Act and new state laws take effect October 1.

Jack Dorsey's Block Files for Federal Charter to Custody Bitcoin and Stablecoins

Block asked the OCC on Tuesday to charter Builders Bank & Trust, N.A., an uninsured national trust bank that would custody bitcoin and stablecoins under federal oversight. It's the latest entry in a wave of 40 OCC charter applications since 2025, 23 of them tied to digital assets, and approval is far from guaranteed.

Bitmine's Ethereum Stash Hits 4.9% of Global Supply, Its Validator Network Now Controls 13% of All Staked ETH

Bitmine Immersion Technologies now holds 5.93 million ETH worth $14.8 billion, putting it 97% of the way to Chairman Tom Lee's goal of owning 5% of Ethereum's entire supply. Its MAVAN staking network controls roughly 13% of all staked ETH and projects $330 million in annual revenue, even as the stock dipped Tuesday and questions linger about what one company controlling that much of a supposedly decentralized network actually means.

Japan's 10-Year Bond Yield Hits Highest Level Since 1996 as Yen Surge Raises Bitcoin Carry-Trade Risk

Japanese bond yields just hit 30-year highs and the yen has rallied hard, reviving fears of a carry-trade unwind that hammered Bitcoin 20% in August 2024. The Bank of Japan's September 17-18 meeting and the Fed's September 16 decision are now the two dates that matter most for crypto.

Bitcoin ETFs Pull In $3.8 Billion Over Three Weeks as Golden Cross Nears, But Price Still Can't Clear $80,000

US spot Bitcoin ETFs just logged their best three-week inflow stretch of 2026 at $3.8 billion, led by BlackRock's IBIT, while a technical golden cross is projected to confirm around September 11. Bitcoin still can't hold above $80,000, and CryptoQuant data says the recent rally was driven mostly by short covering, not real spot buying, so treat the hype accordingly.

Trump's $1.2 Billion Crypto Haul and a Democratic Socialist Wave Collide in Chaotic Midterm Run-Up

With the 2026 midterms in their final stretch, Washington is juggling redrawn congressional maps, a fight over mail ballots in North Carolina, and a Senate crypto bill stalled over Trump's $1.2 billion in crypto income. Meanwhile Democrats are purging their own anti-Trump resistance stars in favor of Democratic Socialists of America-backed challengers, according to Fox News and the Associated Press.

Chainalysis Estimates $457 Billion in Crypto Activity Went Largely Untaxed in 2025, New Global Rules Cover Just 14%

Blockchain analytics firm Chainalysis estimates worldwide taxable crypto activity hit $457 billion in 2025, but the OECD's incoming reporting framework will only capture about 14% of it. France offers the starkest example: $9.4 billion in estimated taxable activity against just €368 million actually reported by taxpayers.

Ethereum Foundation Ranks 62 Proposals for 2027 Hegotá Upgrade, Gives Client Teams Until September 10

Ethereum's Protocol Cluster graded 62 proposed code changes for the network's next major upgrade and set a September 10 deadline for client teams to weigh in. Only one proposal, FOCIL, is officially locked in so far. The rest, including privacy and quantum-resistance features, are still being fought over behind closed doors before a public Reddit AMA on September 16.

Alleged $240 Million Bitcoin Theft Ringleader Malone Lam Set to Plead Guilty Tuesday

Malone Lam, a 22-year-old eighth-grade dropout from Singapore, has a plea agreement hearing scheduled for Tuesday over his alleged role in stealing more than 4,100 bitcoin worth over $240 million from a single Washington, D.C. victim, then blowing it on Lamborghinis, private jets and nightclubs. He'd be the 11th of 18 charged defendants to plead guilty, in a case that shows both DOJ's prosecution muscle and the gap in crypto crime enforcement that let this happen in the first place.

Philippines Central Bank Proposes 12-Month Freeze on New Payment Operator Licenses as U.S. SEC Moves the Other Direction on Crypto

The Bangko Sentral ng Pilipinas wants to halt all new payment-system operator registrations for a year while it rewrites licensing rules and cracks down on crypto exchanges acting as merchant middlemen. Meanwhile the U.S. SEC just proposed rules making it easier for crypto firms to raise capital. Two regulators, two philosophies, same industry.

Blockstream's Liquid Bitcoin Network Halted After $320 Million Withdrawal, Sender Claims to Be a 'White Hat'

Roughly 4,000 BTC, about $320 million, moved out of the Liquid Network's federation wallet on Sunday, September 6, 2026, dropping its reserve from roughly 4,200 BTC to 207 BTC. Blockstream halted the sidechain, says no signing keys were compromised, and is trying to contact whoever sent an on-chain message calling themselves a white hat.

BlackRock's Bitcoin ETF Now Controls Over 115% of the Market's Net Inflows While Bessent Doubles Down on Treasury Buybacks

BlackRock's iShares Bitcoin Trust has absorbed more cash than the entire U.S. spot Bitcoin ETF category combined, and the firm just made it easier for Bitcoin whales to swap coins directly for shares. Meanwhile Treasury Secretary Scott Bessent is doubling the size of long-bond buybacks, a move Stanley Druckenmiller and other Wall Street veterans call an artificial prop that dodges the real fiscal problem.

Tether's Treasury Holdings Top $122 Billion as Stablecoin Giant Eyes Top 5 Buyer Status

Tether now holds more than $122 billion in US Treasury bills backing its USDT stablecoin, and CEO Paolo Ardoino expects it to crack the top 10 buyers of US debt in 2026. That growth is happening while the 30-year Treasury yield sits near its highest level since 2007 and ICIJ documents show Tether's early vetting of customers let sanctioned and criminally-linked buyers through the door.

UAE Tax Authority Orders Businesses to Average Three Exchange Rates for Crypto VAT Filings

The UAE's Federal Tax Authority issued Directive No. 3 of 2026 in mid-July, requiring any business paid in crypto to convert that value into dirhams using the average rate from three pre-selected exchanges, locked in for the whole calendar year. The 5% VAT rate itself hasn't changed since 2018, this just closes the gap on how to price crypto for tax purposes. It's the kind of clear, rules-based regulation that actually helps businesses instead of drowning them in vague guidance, though it comes with a real paperwork burden.

El Reno, Oklahoma Condemns Bitcoin Mining Site After 3.8 Million Gallon Water Leak During Statewide Drought

A Bitcoin and AI data center in El Reno, Oklahoma leaked up to 3.8 million gallons of water through an unpermitted fire hydrant, shutting down schools and dropping city water pressure during a drought covering 100% of the state. City records show the operator, Athlon BT LLC, ignored a 2023 stop-work order and kept running the site without a certificate of occupancy until the leak forced the city's hand.

South Korea Sets Feb. 4, 2027 Start Date for Blockchain Securities Registry, Stablecoin Settlement Still Stuck in Parliament

South Korea's Financial Services Commission laid out a three-phase plan on September 4 to move stocks, bonds and funds onto blockchain infrastructure, with the first phase legally recognizing tokenized securities on February 4, 2027. The final phase, on-chain settlement using stablecoins, has no start date because the underlying stablecoin bill has been stuck in the National Assembly for nearly a year.

Gold, Silver and Bitcoin All Slide as Rate-Hike Bets Build Toward Fed's Sept. 16 Decision

Since Fed Chairman Kevin Warsh's hawkish Jackson Hole speech on Aug. 28 sent gold and silver into their worst week of the year, rate-hike odds have kept climbing and now Bitcoin is getting hit too, dropping below $80,000 after last week's blowout jobs report. The August CPI report on September 11 is the last data point before the Fed's September 15-16 meeting, and traders are pricing real odds of the first hike since 2023.

Bukele Denies El Salvador Transferred Its Bitcoin Reserve, Says Only Chivo Wallet Shares Changed Hands

President Nayib Bukele says El Salvador did not hand its 7,764 BTC strategic reserve to a private operator, calling reports to that effect false. The confusion traces to an IMF statement about the Chivo wallet's ownership structure, a separate entity from the government's sovereign Bitcoin stockpile.

Bitcoin Rallies 38% From July Low to Near $80,000, Still $46,000 Below Its October 2025 Record

Bitcoin bounced from a $57,748 low on July 1 to briefly top $82,000 before settling near $79,700 as of Saturday, September 5, according to Bitcoin.com News and 24/7 Wall St. The rally has BlackRock's IBIT ETF assets up to $60.2 billion, but a stronger-than-expected August jobs report, oil above $96 a barrel, and bond yields near 5% are the headwinds standing between here and $100,000.

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