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US Sanctions Xinbi Scam Site, Freezes $52M in Crypto Assets US authorities have moved to disrupt Xinbi Guarantee, a cryp...
10/09/2026

US Sanctions Xinbi Scam Site, Freezes $52M in Crypto Assets

US authorities have moved to disrupt Xinbi Guarantee, a crypto-enabled scam marketplace, by seizing funds tied to the platform and sanctioning the organization and its technology providers. The Department of Justice (DOJ) said more than $52 million in cryptocurrency associated with Xinbi and its vendor network was restrained as part of a coordinated operation against the illicit operation. In parallel, the US Treasury’s Office of Foreign Assets Control (OFAC) designated Xinbi as a significant transnational criminal organization and sanctioned SafeW Technology and Anwen Technology, alleging they supplied the infrastructure used to run the scheme. The actions target both the financial rails

US authorities have moved to disrupt Xinbi Guarantee, a crypto-enabled scam marketplace, by seizing funds tied to the platform and sanctioning the

Hunter Biden Laptop Controversy Spurs New Memecoin Launch Hunter Biden officially launched the politically themed “LAPTO...
10/09/2026

Hunter Biden Laptop Controversy Spurs New Memecoin Launch

Hunter Biden officially launched the politically themed “LAPTOP” memecoin on Wednesday, marking a high-profile entry into the crypto space for a figure long tied to US political drama. Early trading was volatile: the token was reported by CoinGecko at $2.0977 at 3:45 p.m. UTC after opening at $199.50, representing a sharp first-hour slide of 95.7%. CoinGecko also shows more than $13.4 million in volume during that initial period. On-chain data analyst Bubblemaps said most of the largest holders appear to be wallets funded within the past 10 days, pointing to a rapidly assembled distribution rather than long-term accumulation. The project’s launch

Hunter Biden officially launched the politically themed “LAPTOP” memecoin on Wednesday, marking a high-profile entry into the crypto space for a figure

U.S. Bank Trial Uses Proprietary Stablecoin for Cross-Border Stellar Payments U.S. Bank says it has successfully complet...
10/09/2026

U.S. Bank Trial Uses Proprietary Stablecoin for Cross-Border Stellar Payments

U.S. Bank says it has successfully completed a live cross-border payments pilot using its proprietary USBDC stablecoin issued on the public Stellar network. The test involved transfers between U.S. Bank entities in North America and Europe, while also exercising key stablecoin controls such as minting, redemption, freezing, and clawback. The bank described the pilot as a validation of its internally developed Digital Asset Platform, which is designed to connect tokenized assets and stablecoin operations with existing banking risk, compliance, and operational systems. U.S. Bank said Wednesday that it is now evaluating additional use cases, including cross-border treasury operations, liquidity management, and

U.S. Bank says it has successfully completed a live cross-border payments pilot using its proprietary USBDC stablecoin issued on the public Stellar

TRM Labs Raises Series C, Doubling Valuation to $2B Blockchain intelligence firm TRM Labs has reportedly doubled its val...
10/09/2026

TRM Labs Raises Series C, Doubling Valuation to $2B

Blockchain intelligence firm TRM Labs has reportedly doubled its valuation to $2 billion after expanding its Series C funding round led by Blockchain Capital. In an announcement Wednesday, the company said it did not disclose the amount of the latest investment, but stated that its annual recurring revenue has quadrupled over the past three years. The new financing expansion comes on the heels of a $70 million Series C round in February, which was also led by Blockchain Capital. TRM provides blockchain intelligence and investigation software used by more than 600 government agencies and private-sector organizations across 75 countries, according to

Blockchain intelligence firm TRM Labs has reportedly doubled its valuation to $2 billion after expanding its Series C funding round led by Blockchain

Consensys to Separate MetaMask and Launch Institutional Blockchain Unit Consensys Software Inc., the Ethereum-focused fi...
09/09/2026

Consensys to Separate MetaMask and Launch Institutional Blockchain Unit

Consensys Software Inc., the Ethereum-focused firm behind MetaMask, plans to restructure by splitting its consumer-oriented business from its institutional blockchain infrastructure operations. The company says the separation is expected to be completed by the end of 2026, creating two independent companies with distinct leadership and strategic priorities. According to a Business Wire announcement, Joe Lubin will serve as chairman and CEO of MetaMask while also taking the role of executive chairman of the new Consensys. The institutional business—focused on Ethereum protocols and infrastructure—will be led by Mike Kriak as CEO, with David Cunningham as president. Key takeaways Consensys will separate into

Consensys Software Inc., the Ethereum-focused firm behind MetaMask, plans to restructure by splitting its consumer-oriented business from its

Silvergate Ex-CEO Says Biden Pressure Drove 2023 Wind-Down Former Silvergate Bank CEO Alan Lane says the lender’s 2023 v...
09/09/2026

Silvergate Ex-CEO Says Biden Pressure Drove 2023 Wind-Down

Former Silvergate Bank CEO Alan Lane says the lender’s 2023 voluntary wind-down was driven less by solvency concerns and more by political pressure tied to the Biden administration. In an inaugural Substack post published Tuesday, Lane argues that Silvergate could have continued operating after meeting large withdrawal demands in late 2022—contradicting the thrust of multiple regulator reviews that pointed to funding, governance, and compliance failures. The dispute matters beyond Silvergate’s collapse because it sits at the center of a broader, ongoing debate: whether US regulators effectively squeezed crypto-focused banks through risk management scrutiny and supervisory actions, or whether the failures were

Former Silvergate Bank CEO Alan Lane says the lender’s 2023 voluntary wind-down was driven less by solvency concerns and more by political pressure tied

CLARITY Act 2026: Potential outcomes if the bill fails to pass U.S. lawmakers are racing to move the Digital Asset Marke...
09/09/2026

CLARITY Act 2026: Potential outcomes if the bill fails to pass

U.S. lawmakers are racing to move the Digital Asset Market Clarity (CLARITY) Act through the Senate before congressional politics reset after the 2026 midterms. With the Senate scheduled to return to Washington on Monday, Majority Leader John Thune has set a cloture vote for Tuesday—an immediate procedural test that will determine whether the bill can clear the 60-vote threshold needed to overcome a filibuster. The timetable is tight. If CLARITY fails to advance this session, the chamber would effectively be left with less than 36 business days before the 2027 Congress is sworn in, according to earlier reporting linked in this

U.S. lawmakers are racing to move the Digital Asset Market Clarity (CLARITY) Act through the Senate before congressional politics reset after the 2026

Bitcoin misses $80K as Bessent-driven yen strength hits $153 Bitcoin traded in a cautious range under $80,000 on Wednesd...
09/09/2026

Bitcoin misses $80K as Bessent-driven yen strength hits $153

Bitcoin traded in a cautious range under $80,000 on Wednesday, weighed by a broader risk-off mood driven by escalating tensions tied to Iranian oil shipping and renewed pressure on macro liquidity conditions. At the same time, the Japanese yen strengthened sharply, keeping traders focused on the mechanics of the yen carry trade and the possibility of further currency market intervention. Market moves unfolded as US stocks drifted lower and crude oil pushed higher after fresh US strikes on Iranian-linked oil tankers. Brent crude climbed above $101 per barrel for the first time since late July, while WTI traded above $96, according

Bitcoin traded in a cautious range under $80,000 on Wednesday, weighed by a broader risk-off mood driven by escalating tensions tied to Iranian oil

Kalshi Files to Launch Gold and Silver Perpetual Futures Kalshi has filed with the CFTC to list GOLDPERP and SILVERPERP ...
09/09/2026

Kalshi Files to Launch Gold and Silver Perpetual Futures

Kalshi has filed with the CFTC to list GOLDPERP and SILVERPERP on September 9, with both contracts settling in cash and running without an expiration date.

Kalshi has filed with the CFTC to list GOLDPERP and SILVERPERP on September 9, with both contracts settling in cash and running without an expiration date.

Consensys Plans Split: MetaMask Focus and Separate Enterprise Unit Consensys Software Inc., the Ethereum-focused company...
09/09/2026

Consensys Plans Split: MetaMask Focus and Separate Enterprise Unit

Consensys Software Inc., the Ethereum-focused company best known for MetaMask, plans to split into two standalone businesses—separating its consumer-oriented MetaMask platform from its institutional infrastructure and protocol operations. The company says the restructuring is expected to be completed by the end of 2026, with MetaMask led by Joe Lubin as chairman and CEO of the consumer company and Lubin also serving as executive chairman of the reorganized Consensys. In the new structure, the remaining Consensys entity will focus on Ethereum protocols and institutional infrastructure. Its portfolio includes Linea, Besu, and Teku, and leadership will be handled by CEO Mike Kriak and

Consensys Software Inc., the Ethereum-focused company best known for MetaMask, plans to split into two standalone businesses—separating its

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