Flash News

TREE NEWS update: Sheikh Tahnoon bin Zayed al Nahyan, the UAE’s national security adviser, and co-investors own nearly half of WLTC Holdings, the holding company behind the Trump family’s bank charter bid. The involvement of a foreign official raises regulatory and geopolitical questions, though the news does not directly relate to asset tokenization.

TREE NEWS update: A US judge ruled that the Trump administration illegally retaliated against AI company Anthropic, revoking a ban and issuing a permanent injunction. The decision marks a significant legal setback for the administration’s actions against the AI firm.

TREE NEWS reports: A federal judge ruled that the Trump administration illegally retaliated against AI firm Anthropic by designating it as a supply chain risk. The court vacated the designation and issued a permanent injunction, rejecting the government’s request for a stay.

TREE NEWS reports: Pakistan’s minister disclosed at Bitcoin Asia that the country established its crypto regulatory framework using only 8% of the allocated budget, highlighting cost efficiency. This move signals a proactive approach to crypto regulation in the region.

TREE NEWS reports: Pakistan’s Minister of State Bilal Bin Saqib revealed at Bitcoin Asia that the country launched its virtual asset regulatory regime in under six months, using only 8% of the allocated budget. The announcement highlights Pakistan’s efficient approach to crypto regulation.

TREE NEWS update: Brazil’s central bank announced plans to deploy a crypto threat warning system following a $180 million attack. The system aims to enhance monitoring and response to crypto-related threats.

TREE NEWS update: California’s legislature has passed a bill targeting meme coins, prohibiting public officials from issuing them and barring such tokens from being listed for state residents. The bill now awaits the governor’s signature to become law.

TREE NEWS reports: Visa has partnered with Dunamu, the parent company of crypto exchange Upbit, to explore stablecoin payments and remittances. Among the projects under review is Open Standard’s proposed OUSD stablecoin, as part of a broader initiative to integrate digital currencies into mainstream commerce and AI-driven transactions.

TREE NEWS update: Upbit will end trading support for Synthetix SNX/BTC pair on September 28 at 14:00 KST. Users must withdraw their assets by October 28, after which no further processing will be possible.

TREE NEWS reports: South Korean crypto exchange operator Dunamu has announced a strategic partnership with Visa to explore stablecoin and AI initiatives. The collaboration aims to integrate digital assets with traditional payment infrastructure, potentially expanding crypto adoption in Korea.

TREE NEWS update: A member of the Abu Dhabi royal family has reportedly supported a crypto banking project associated with Donald Trump. The involvement highlights growing ties between Middle Eastern capital and US political figures in the digital asset space.

TREE NEWS update: Sheikh Tahnoon’s group reportedly acquires a 49% stake in the holding company behind World Liberty, a Trump-linked crypto bank venture with conditional approval as a US trust bank. The move signals growing institutional and sovereign interest in crypto banking.

TREE NEWS reports: The Bank of Russia has added 2,600 cryptocurrency wallets to its blacklist as part of ongoing efforts to combat illicit financial activities. The move underscores the central bank’s tightening oversight of the crypto market, though details on the specific wallets and criteria for inclusion remain undisclosed.

TREE NEWS update: Shanghai police arrested a cross-border illegal foreign exchange operation using self-built platforms for virtual currency trading, involving 200 million yuan ($28 million). The crackdown highlights ongoing regulatory scrutiny of crypto-related financial activities in China.

TREE NEWS reports: New Zealand’s ACT Party has proposed a policy to exempt capital gains tax on crypto assets held for more than one year, aiming to foster a more favorable environment for digital asset investors. This move aligns with global trends of clearer crypto tax treatment, potentially boosting local adoption.

TREE NEWS reports: Evernorth’s SEC S-4 filing has become effective, moving the company closer to its Nasdaq listing. This milestone clears a key regulatory hurdle for the planned public offering.