crypto

According to the FCA official website, the Financial Conduct Authority (FCA) of the United Kingdom has released new guidance on the regulation of crypto assets to help businesses understand the scope and authorization requirements of the future crypto asset regime in the UK. This regime will officially take effect on October 25, 2027, and the application channel for authorization will open on September 30, 2026.The guidance covers activities such as issuing qualified stablecoins, operating crypto asset trading platforms, trading and matching, crypto asset custody, and staking arrangements. FCA Executive Director David Geale stated that this guidance aims to provide clarity for businesses so they can confidently prepare for regulation. The government has also made targeted amendments to relevant laws, introducing certain exemption clauses and further clarifying provisions for specific technology service providers. The FCA will launch a special consultation in October regarding the aforementioned legal changes, involving topics such as qualified stablecoins, proprietary trading and market making, decentralized protocols, and financial promotions.

According to a report by the Korean Yonhap News Agency, the Busan Police Agency disclosed that someone illegally accessed the account of a text message sending agency used by the marketing department of a composite shopping center in the Sasang District of Busan, sending bulk scam messages to over 260,000 unspecified individuals, claiming "the cryptocurrency wallet has been updated" and inducing quick installation.Once users click on the attached link, they may encounter phishing attacks (Smishing) that could lead to the theft of virtual assets. The police have currently blocked access to the relevant accounts and are conducting a tracking investigation into the illegal intruder.

According to the United Morning News, seven Malaysian gangsters targeted players attending a poker game, breaking into a luxury private residence in Bukit Timah late at night, armed and stealing over 4.9 million dollars, quickly splitting into two groups to escape Singapore. Six of them pleaded guilty in the High Court on Monday (September 14), with the two masterminds sentenced to 12 years and 11 months in prison, 24 strokes of the cane, plus a fine of 4,000 dollars.In court, it was revealed that the masterminds, Wu Wentong (30 years old) and Huang Zhishan (35 years old), learned from a friend who had previously attended the poker game that the house often held poker games at night. After scouting the location, they discovered that the front door of the house would not be locked during the game. Wu Wentong and Huang Zhishan then recruited five other accomplices, specifically coming to Singapore to commit the crime. This armed robbery occurred around 2 a.m. on April 18, 2024, at a residence in the upscale Alper Wang Garden area, where 11 men and women were playing poker in the living room.According to the case details, around March 2024, Wu Wentong and Huang Zhishan decided to rob the poker players at the house due to financial issues. They knew that they could not carry out such a large-scale robbery with just the two of them, so they contacted Hamidun, who runs a private security company and provides debt collection services, to help gather a team, promising a reward of 1.5 million ringgit (approximately 470,000 Singapore dollars). After the group succeeded, they left in a multi-purpose vehicle, splitting into two groups to leave Singapore via the Tuas and Woodlands checkpoints. At the same time, several players in the private residence managed to free themselves from their restraints and reported the robbery to the police. With the assistance of the Royal Malaysia Police, the six defendants were arrested between late April and November 2024 and were extradited to Singapore for prosecution. The police have since recovered virtual currency worth 1.69 million dollars, while the remaining funds and property are still missing.

Phemex CEO Federico Variola stated in Cointelegraph's Chain Reaction program that AI has a "net negative impact" on the cryptocurrency industry. He believes that AI diverts funds from the crypto sector on one hand, while on the other hand, it empowers attackers to exploit protocols through means such as social engineering or vulnerability exploitation, increasing cybersecurity costs for small teams. This pressure may push the crypto industry towards greater centralization.Variola expressed that it is difficult to maintain an optimistic view of AI in the crypto space, as many so-called fixes actually encourage more rather than less centralization. He also warned that as AI becomes more widespread, threats such as device breaches or social engineering will increase, reducing the appeal of DeFi to ordinary retail users. However, he acknowledged that AI agents have practical value in helping investors build portfolios or make better trading decisions, but he expects that AI agents will not completely replace human trading decisions.The context of this statement is that Phemex announced an AI transformation in February this year, planning to integrate AI into product development and internal operations. Additionally, in July this year, attackers exploited a vulnerability in the Coldcard hardware wallet to steal approximately $116 million in Bitcoin, a vulnerability widely believed to have been discovered through malicious use of AI; Coinkite CEO Rodolfo Novak warned at the time that the speed at which AI-assisted code reviews find vulnerabilities has surpassed that of the industry's most experienced experts. CertiK senior blockchain investigator Natalie Newson pointed out that AI can also become one of the greatest defensive forces.

Former Chairman of the U.S. Commodity Futures Trading Commission (CFTC) Chris Giancarlo stated that despite the CLARITY Act facing setbacks in the Senate, the U.S. Securities and Exchange Commission (SEC) and CFTC will still work on developing cryptocurrency regulations.Giancarlo, who previously served as Chairman of the CFTC, expressed this view regarding the progress of U.S. cryptocurrency regulatory legislation.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 52, down 16 points from yesterday. The average over the past 7 days is 60, and the average over the past 30 days is 65.

Argentina has committed to implementing the OECD's "Crypto Asset Reporting Framework" and will launch automatic exchange of tax information on crypto asset transactions by September 2029 at the latest. Argentina needs to incorporate this framework into its national laws before 2029 and clarify the reporting obligations of relevant crypto asset service providers.Trading platforms, intermediaries, and other related service providers will be responsible for identifying eligible users and collecting information such as names, addresses, tax residency, taxpayer identification numbers, and transaction information related to buying, selling, and transferring crypto assets. This measure will not introduce new types of taxes, nor does it mean that users will automatically incur new tax obligations; Argentina's tax authority ARCA will have access to standardized information on the overseas crypto asset transactions of domestic residents and will compare it with tax declarations. The first annual information reporting period to be included in this mechanism has not yet been publicly determined.

According to BBX data, yesterday and in recent days, global listed treasury companies and digital asset trading platforms disclosed the latest developments in strategic mergers and acquisitions and fiat currency clearing infrastructure. The core information is as follows:Stack BTC plans to acquire precious metals dealer Direct Bullion for up to £12 million: Stack BTC, a Bitcoin treasury company under former UK Chancellor Kwasi Kwarteng, announced that it has officially signed a non-binding letter of intent to fully acquire the well-known UK precious metals dealer Direct Bullion for up to £12 million (approximately $16 million). The company clearly stated that this acquisition aims to obtain ample and stable cash flow income through the physical precious metals sales business and plans to continuously use all net cash flow generated by this business to increase its Bitcoin holdings in the secondary market.Banking Circle deepens cooperation with OSL Group, adding five major mainstream currency channels: Next-generation financial infrastructure service provider Banking Circle announced further deepened strategic cooperation with Hong Kong-listed stablecoin payment and trading platform OSL Group (00863.HK). Based on the existing euro clearing business between the two parties, Banking Circle has officially added multi-currency payment and clearing channels for five major fiat currencies: Australian Dollar (AUD), British Pound (GBP), Hong Kong Dollar (HKD), Singapore Dollar (SGD), and US Dollar (USD) for OSL, fully supporting OSL in accelerating the expansion of its B2B cross-border payment landscape for global institutional clients.

Coinbase Chief Policy Officer Faryar Shirzad commented on the failure of the CLARITY Act to pass a key procedural vote, stating that the U.S. Congress has given their answer: the legislative path is blocked, and there should be no further expectations. The SEC and CFTC, the two major regulatory agencies, can issue clear regulatory rules using their existing authority.With about seven weeks until the midterm elections, crypto voters should use their ballots to retaliate against the lawmakers who voted no.

Blockchain Capital investor Jonah Burian stated: Cryptocurrency accelerates market cycles, early companies gain liquidity through tokens, and market behavior is assumed to be public, with lessons applicable to AI investment. Huge results are contagious and trigger FOMO; after Bitcoin became a trillion-dollar asset, Ethereum and Solana proved that more significant outcomes are possible, leading to the rise of alt-L1 trading, with VCs treating new L1s as lottery funding. Similarly, OpenAI and Anthropic are moving towards the trillion-dollar scale, with each new lab being priced as a lottery.L1s were financed at billion-dollar valuations based on white papers and founding teams, while new labs are raising billions based on research papers and teams poached from OpenAI, Anthropic, or Google DeepMind. After hot money floods in, rapid capital speculators always emerge; cryptocurrency has experienced operations like tokens as products, high FDV with low circulation, and a similar dynamic is unfolding in AI, but AI prices are formed in opaque semi-liquid secondary markets, unlike publicly traded cryptocurrencies.The blockchain space has shifted from scarcity to abundance, becoming a commodity, with applications capturing most of the value. In AI, models may become commoditized, with value shifting upstream and downstream, while applications and hardware layers gain profits, and the model layer gets squeezed. During the frenzy phase, financial capital excessively funds infrastructure, and new labs bet that it is only reasonable to assume large-scale R&D returns, with the history of cryptocurrency and alt-L1s warranting skepticism unless AGI arrives.

U.S. Senator Elizabeth Warren delivered a speech in the Senate lasting over 10 minutes, calling for a vote against the CLARITY Act. She stated that Trump and his family profited $1.4 billion from the crypto business in 2025 alone, exceeding the revenue of any publicly listed crypto company in the U.S. last year, and that buyers of his crypto projects lost billions of dollars, with meme coin buyers losing nearly $4 billion.The Senate failed to pass the procedural vote with a result of 49-50, falling short by 11 votes of the 60 needed to begin debate, with no Democrats voting to advance it. Warren claimed that the bill would exacerbate Trump's corruption and criticized the ethical terms negotiated by the Republicans with the White House as a "tiny fig leaf," stating that it would not prevent Trump from continuing to profit from crypto.Warren also stated that the bill would create a huge loophole in nearly a century of securities law, allowing non-crypto companies to put assets on-chain to evade investor protections, and enabling banks to use customer deposits for crypto lending, trading derivatives, operating nodes, and selling related software.

Coinbase Vice Chairman Ryan VanGrack stated on CNBC that the era of uncertainty in cryptocurrency regulation is coming to an end, and clear rules will come through Congress or regulatory agencies.VanGrack mentioned that the over 600-page CLARITY Act is closer than ever to gaining bipartisan support, backed by law enforcement groups, Wall Street firms, and crypto voters. He also stated that the SEC and CFTC have clearly indicated that new rules will be introduced regardless.VanGrack said: It's time to choose policy over politics and get this done.

Bitwise Chief Investment Officer Matt Hougan published a statement discussing U.S. cryptocurrency policy, stating that the U.S. originally had the opportunity to make the cryptocurrency industry safer, promote investment, and ensure it continues to lead the global financial markets for the next 50 years, but is currently sacrificing this opportunity for short-term political gains.

According to Kazinform, Timur Suleimenov, the Governor of the National Bank of Kazakhstan, announced at a government meeting that a national cryptocurrency analysis center will be established based on the central bank's supervision of the SupTech platform to monitor transactions related to digital assets.The center will analyze both fiat and cryptocurrency transaction data, as well as customer, wallet, and transaction information, and will be connected with the National Bank's anti-fraud center. Banks, law enforcement agencies, and licensed digital asset service providers will be allowed to access its verification tools. Previous reports indicated that the scale of digital asset transactions in Kazakhstan has reached 10.6 billion USD.

The Chairman of the U.S. House of Representatives' Ways and Means Committee, Jason Smith, announced the 114-page "Digital Asset Tax Clarification Act" (H.R. 10357), which aims to exempt taxes on network or transaction fees below $10, and will hold a committee review on September 16 at 10 AM. The bill stipulates that users with more than 5,000 transfers in the previous year are not eligible for the aforementioned fee exemption.Another accompanying bill aims to include digital assets in wash sale rules and presumption of sale rules, but excludes qualified stablecoins, expecting to increase revenue by $2.074 billion from fiscal years 2026 to 2036. The accompanying bill also proposes to allow miners and stakers to defer income from newly generated tokens until the time of sale, with an expected ten-year fiscal cost of $2.956 billion. Republican members of the committee are considering removing the relevant provisions or limiting the deferral period to five years.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 68, up 12 points from yesterday. The average over the past 7 days is 62, and the average over the past 30 days is 64.

According to Bits.media, the Central Bank of Russia has listed cryptocurrencies as financial market risks in its overview "Main Development Directions of the Russian Financial Market in 2027 and 2028 to 2029," expressing concerns that more and more Russians are using digital assets like stablecoins as substitutes for the national currency.The central bank stated that investing in digital currencies carries the risk of total loss, with no responsible parties or guarantees. The central bank also pointed out that cryptocurrencies circulate outside of various jurisdictions, reducing the effectiveness of national restrictions and bans, and the lack of unified global regulation creates conditions for the growth of shadow markets. The central bank advocates for criminal liability for unlicensed organizers of digital currency circulation and administrative liability for legal market participants who violate regulations.