Flash News

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.

TREE NEWS update: The U.S. Treasury named digital assets as one of five sanctionable Iranian sectors, but Coin Center’s Peter Van Valkenburgh notes that no crypto protocol is designated, leaving the status of nodes, miners, and developers open. He argues that DeFi infrastructure may not be prohibited under the sanctions.

TREE NEWS reports: France’s tax authority suffered a cyberattack, compromising personal data of approximately 678,000 individuals and businesses. The breach raises concerns about data security and potential identity theft, though no direct link to crypto or RWA is mentioned.

TREE NEWS reports: The OCC and FDIC are considering clearer bank regulatory rules that would tie certain practices to illegal activities or significant financial risks. This move aims to provide more explicit guidance for banks, potentially impacting their engagement with digital assets and other high-risk areas.

TREE NEWS update: A Public Citizen report claims that crypto projects linked to Trump have caused investors at least $4.7 billion in losses. The report highlights potential risks and conflicts of interest associated with political figures endorsing crypto ventures.

TREE NEWS reports: Public Citizen reports that investors lost $4.7 billion in Trump-linked crypto ventures, though World Liberty Financial’s USD1 stablecoin has not caused major losses. The losses stem from various Trump-branded crypto projects.

TREE NEWS reports: The first post-quantum Bitcoin transaction was broadcast this week, announced at Bitcoin Asia by the Sharknet Foundation. This milestone demonstrates quantum-resistant technology on Bitcoin without requiring a fork.

TREE NEWS reports: The president of the Polish Olympic Committee has been arrested on charges of accepting bribes in cryptocurrency. The arrest highlights the growing use of digital assets in corruption cases and the increasing scrutiny of crypto in law enforcement.

TREE NEWS update: Polish Olympic Committee president Radosław Piesiewicz was arrested over alleged bribery linked to crypto exchange Zondacrypto, with investigators probing gifts like a Patek Philippe watch. The exchange also faces a separate investigation over a cold wallet issue causing user losses of about $94 million. Zondacrypto denies wrongdoing, and Piesiewicz claims he bought the watch himself.