Flash News

TREE NEWS reports: The US Department of Justice announced the conviction of a San Francisco gaming industry founder for defrauding investors of nearly $1 million through a fake crypto trading fund. The individual misrepresented the fund’s performance and misappropriated funds for personal use. Sentencing is pending.

TREE NEWS reports: Asia’s major crypto hubs are competing with tax cuts, while Ripple partners with Korea’s Jeonbuk Bank for cross-border payments. Pakistan has also opened crypto licensing, signaling broader adoption in the region.

TREE NEWS reports: Upbit parent Dunamu confirmed discussions with the US SEC and CFTC and announced plans to form an IPO committee, addressing rumors of a US listing. The move signals potential regulatory engagement and a step toward a public offering.

TREE NEWS reports: Bitcoin briefly broke $80,000 this morning, with SOL surpassing $100 (up 7% in 24h). F2Pool co-founder Wang Chun reduced 23,378 ETH (~$55.06M) since the rally. NDRC proposes filing for overseas investments by individuals; Coinbase’s Stand With Crypto backs 32 House candidates ahead of midterms.

TREE NEWS reports: Data shows that US XRP spot ETFs recorded a total net inflow of $13.82 million in a single day. This indicates growing investor interest in XRP-related investment products.

TREE NEWS reports: Coinbase announced it will suspend trading of IOTX on September 23, 2026. The move is part of routine delisting procedures, affecting users holding the asset.

TREE NEWS reports: A US soldier allegedly used non-public information to profit over $400,000 on Polymarket, a prediction market platform. The CFTC’s involvement in the criminal case has been opposed, raising questions about regulatory jurisdiction.

TREE NEWS update: A judge stayed the CFTC’s civil case against a US soldier accused of using nonpublic information for a Polymarket bet, but the regulator is seeking to intervene in the criminal case. The dispute centers on the legal interpretation of prediction markets and whether such bets fall under CFTC jurisdiction.

TREE NEWS update: The SEC has issued subpoenas to Wall Street banks regarding their involvement with AI-driven hedge funds, signaling increased regulatory scrutiny. This action highlights the growing intersection of AI and finance, but it is not directly related to RWA tokenization.

TREE NEWS reports: Bitcoin Policy UK reported to Parliament that 40% of bank-to-exchange transfers are being blocked in Britain, hindering cryptocurrency adoption. The group calls for regulatory clarity to prevent banks from restricting access to digital assets.

TREE NEWS update: Stand With Crypto, a Coinbase-affiliated advocacy group, has announced its endorsements for the upcoming US general election, aiming to elect the most pro-crypto Congress in history. The move underscores the crypto industry’s push to influence policy and regulation.

TREE NEWS reports: US Treasury Secretary Scott Bessent warned global financial institutions that entities assisting Iran with money laundering will be cut off from the US dollar system. New sanctions target five key areas of Iran’s overseas operations, including digital assets, technology, gold, aviation, and shipping, expanding secondary sanctions risks.

TREE NEWS reports: The US Treasury has imposed sanctions on nearly 60 entities, individuals, and vessels connected to Iran, targeting its financial and shipping networks. This action is part of broader efforts to curb Iran’s revenue streams and regional activities.

TREE NEWS reports: CME Group will include Ethena’s ENA token in its crypto benchmark indices, marking a milestone for the synthetic dollar protocol. This integration enhances ENA’s visibility among institutional investors and validates its role in the digital asset ecosystem.

TREE NEWS update: The Crypto Council for Innovation and the Blockchain Association have filed a lawsuit against Illinois officials over a new 0.2% digital asset tax, arguing it is unconstitutional and burdensome. The groups seek to block the tax, which they claim discriminates against crypto users and hinders innovation.

TREE NEWS update: Crypto Council for Innovation and Blockchain Association have sued Illinois officials over a 0.2% digital asset tax, set to take effect in January 2027. The groups argue the tax, based on transaction volume, violates the U.S. and Illinois constitutions, federal and state due process, and the Internet Tax Freedom Act, potentially causing double taxation. This follows a similar lawsuit by Digital Chamber in July.

TREE NEWS reports: Two digital asset advocacy groups have filed a lawsuit against Illinois’ 0.2% digital asset tax, following a similar suit by the Digital Chamber in July. The groups argue the tax violates constitutional and due process rights, potentially setting a precedent for state-level crypto taxation.

TREE NEWS reports: Coinbase has endorsed 32 midterm election candidates through a crypto advocacy group, signaling its commitment to pro-crypto legislation. The exchange also announced full support for the CLARITY Act, aiming to clarify digital asset regulations.