Crypto News
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Iran Relaxes Currency Rules as Crypto Offers a Route Around US Sanctions
Iran reportedly allows exporters to use overseas earnings directly for imports without selling currency at official rates. Cointelegraph linked the change to reported efforts to bypass US sanctions using cryptocurrency.
Cointelegraph
U.S. Agencies Link Moonshot’s Kimi to American AI Models
U.S. agencies have accused Moonshot, the Chinese company behind Kimi, and five other Chinese AI firms of systematically extracting capabilities from American models. Kimi had rattled markets earlier this year, according to CoinDesk.
CoinDesk
Metaplanet’s Bitcoin expansion puts executive share plan under scrutiny
Metaplanet shareholders are seeking to cancel roughly 273 million potential shares added to an executive options pool that grew from 46 million to 319 million as the company issued equity to finance Bitcoin purchases.
CryptoSlate
Visa links VisaNet data with onchain lending for stablecoin card working capital
Visa wants blockchain lenders to use VisaNet data to extend credit to stablecoin issuers. Its stablecoin settlement volume has surpassed a $20 billion annualized run rate, up 15 times year over year.
CoinDesk
Polish Court Detains Fifth Suspect in Zondacrypto Exchange Probe
A Polish court has detained a fifth suspect in the Zondacrypto exchange probe, Decrypt reports. The platform’s two chief executives have disappeared four years apart, while 1.3 million clients remain locked out.
Decrypt
Bitcoin Faces Key Week as US Inflation Data and Fed Decision Approach
Bitcoin’s week is centered on US CPI and PPI data, the Fed’s Sept. 16 rate decision and yen intervention developments. Cointelegraph says these events could shape whether BTC establishes $80,000 as support.
Cointelegraph
Aave Proposal Would Allow Emergency Market Freezes Without Unfreeze Powers
An Aave proposal would create bounded emergency roles able to freeze markets through one-way safety calls. CryptoSlate reports that the current Risk Steward release cannot invoke these tools, and they would not include unfreeze powers.
CryptoSlate
DAOs Face a Choice Between Automated Code and Emergency Controls
Compound’s COMP-governed DAO highlights the tension between executing approved code automatically and preserving emergency controls after a July 2024 governance incident nearly directed a large amount of funds to a small group.
CryptoSlate
National Sheriffs’ Association takes neutral stance on CLARITY Act
The National Sheriffs’ Association has moved from opposing the CLARITY Act over consumer-protection concerns to a neutral stance, saying it will allow the legislative process to continue, Cointelegraph reported.
Cointelegraph
IMF Revises View on Funding Behind El Salvador’s Bitcoin Growth
The IMF now attributes growth in El Salvador’s Bitcoin holdings to donations, reversing its assessment from a year ago that the reserve total was unchanged and coins were merely moved between government wallets.
Decrypt
FinCEN Links $12.7 Billion to Crypto Scams Operating From Asian Compounds
FinCEN has tied $12.7 billion to crypto scams run from Asian compounds, Decrypt reports. Monthly reported sums rose 18% on average, while the operations now appear to be spreading beyond Southeast Asia.
Decrypt