U.S. Treasury Secretary pushes for CLARITY Act passage as Senate returns from recess
U.S. Treasury Secretary Scott Bessent has urged senators to advance the CLARITY Act as lawmakers prepare to return from their August recess for a procedural vote that will test whether the crypto market structure bill has enough support to move…
Gen Z Is Twice as Likely to Call Sports Betting an Investment, BofA Finds
Key Takeaways BofA survey found 20% of Americans call sports betting an investment; 40% of Gen Z do. Across all generations, event contracts were seen as more investment-like than betting. Bettors recovered under 75 cents per dollar every month from…
Who is Malone Lam? Singaporean Fraudster Pleads Guilty to $245M Bitcoin Theft
Malone Lam, 22, from Singapore, pleaded guilty on Tuesday to a federal racketeering conspiracy charge tied to the theft of more than 4,100 Bitcoin from a Washington, D.C., resident. Prosecutors valued the theft at roughly $245M when it occurred and…
Trump’s $5K Proposal Could Ignite an ‘Insane’ Altcoin Season: Analyst
The proposed payout would be smaller than the pandemic-era stimulus but could still represent a huge injection of liquidity. President Donald Trump has proposed a $5,000 “dividend” payment to every adult US citizen if Republicans hold Congress after the…
97 Sealed NES Games Found in a Wisconsin Storage Unit, Some Valued Near $9,000
Key Takeaways Thor Jensen found 97 sealed NES games, with PSA grading several above 9.6. PSA gave 1 game a perfect 10, while rare titles could fetch nearly $9,000 each. Jensen plans to auction the NES haul, with part of…
PayPal launches PYUSDx after $100M milestone
PayPal, M0 and MoonPay officially launched the PYUSDx custom stablecoin platform on Sept. 9 with three active projects that the companies said have collectively processed more than $100 million. Summary PYUSDx lets businesses issue customized stablecoins backed by PayPal USD…
Another Major Pi Network (PI) Update Is Here
Pi Network rolled out another update as it continues expanding the utility of its vast Node ecosystem. The Core Team outlined the introduction of Pi Desktop 0.6.3, carrying several important updates to SoloHost in another attempt to provide a…
Singapore Grants Gemini Major Crypto License for Trading Push
Key Takeaways Gemini secured a Major Payment Institution license from MAS. The license covers digital tokens and cross-border transfers. Gemini has served customers in Singapore since 2020. Gemini Clears Singapore’s Major Licensing Hurdle Retail and institutional customers in Singapore can…
U.S. Bank pilots USBDC stablecoin on Stellar
U.S. Bank completed a live cross-border payment using USBDC, its proprietary dollar-backed stablecoin, the bank announced on Sept. 9. The transaction moved value between U.S. Bank entities in North America and Europe through the Stellar public blockchain. Summary U.S. Bank…
Consensys and MetaMask to Separate Into Two Independent Companies by End of 2026
“Financial institutions and market infrastructure are moving to always-on operations with tokenization at the core,” said David Cunningham, President of Consensys. Consensys has announced it will separate into two independent companies, MetaMask for consumer self-custodial finance and Consensys for…
