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Revolut and OpenReserve received preliminary OCC approval to form US national banks. Both companies plan to offer cryptocurrency and stablecoin-related services, although final authorization, product details and launch timing were not provided.
OpenAI is putting $1 billion behind cyber defense and subsidizing access to its Daybreak platform after saying Astra can find previously unknown software flaws and turn them into working attacks.
The OCC granted blockchain bank OpenReserve a provisional charter, adding the new full-service institution to the growing group of crypto-native banks in the United States. The approval is initial and does not confirm full operations.
OpenAI’s unreleased Astra model can reportedly find zero-day vulnerabilities and combine them into working exploits without step-by-step human guidance. Decrypt says access to the capability is beginning with a small group of testers.
CryptoSlate reports that a layer-1 network will activate its Supernova upgrade on Sept. 10 at round 32157661, requiring a 24-minute transaction pause and targeting a 10x speed increase. Public nodes had not yet shown adoption.
CoinDesk says TIME’s OpenAI cover fits several features of the imperfect magazine-cover indicator: mainstream exposure, a widely understood theme and years of rising investor enthusiasm. The report stops short of calling it a market-top signal.
Ireland’s planned tax-advantaged state savings accounts will exclude crypto assets. The scheme, opening next year, will target about $203 billion in deposits and allow shares, bonds, funds, ETFs and insurance products.
A proposed Treasury change to the GENIUS framework would require US exchanges to conduct reasonable diligence before relying on foreign stablecoin issuers, with noncompliant platforms potentially facing delisting obligations. Comments remain open through Oct. 19.
Bitcoin traded near $78,000 after rejecting levels above $81,000. CryptoSlate cited $77,000 support and $80,000 resistance, with a break below support exposing the mid-$75,000s and a recovery potentially targeting $81,300 and $82,000-$83,000.
US spot Ethereum ETFs appeared to launch with $10.36 billion in assets, but CryptoSlate’s review of filing data found that most came from ETH already held by Grayscale’s older trusts rather than new institutional buying.
Ethena plans to extend USDe’s basis strategy into equity perpetual futures, targeting funding yields more than five times Bitcoin’s. The announcement comes as equity perpetual open interest reaches about $6.2 billion.
Visa and Dunamu, Upbit’s parent company, are exploring stablecoin payments, remittances and AI commerce. Several projects are under review, including Open Standard’s proposed OUSD, but no launch details were announced.
