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Revolut and OpenReserve receive preliminary US bank approval with crypto plans
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.
Crypto Token Buybacks Surge as Projects Face Questions Over Long-Term Value
Crypto projects are spending hundreds of millions of dollars on token buybacks. Cointelegraph examines whether the programs build lasting value for projects and holders or mainly make tokens appear more valuable.
Bitcoin Moves Above $81,000 as Demand Improves, but Options Market Remains Cautious
Bitcoin rose above $81,000 as softer rate expectations and renewed institutional demand supported crypto markets. However, options traders remain cautious, suggesting derivatives markets are not yet pricing a decisive upside breakout.
U.S. Payrolls Rise by 162,000 in August Ahead of Fed Decision
The U.S. added 162,000 jobs in August, exceeding expectations as the labor market rebounded. CoinDesk said the report will be important as the Federal Reserve considers whether to raise rates at its September meeting.
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.
Australian Crypto Firms Face Sept. 30 Licensing Deadline
CryptoSlate reports that qualifying Australian crypto firms have until Sept. 30 to secure the appropriate licence, file a notification or wind down operations to retain ASIC’s temporary no-action protection and avoid enforcement risk.
Trezor Data Breach Expands, Affecting 67,000 Additional Customers
Decrypt reports that Trezor’s data breach now includes records tied to 67,000 additional customers. Some exposed records date to 2019, exceeding the 90-day retention period Trezor said its partners had agreed to observe.
Kalshi US Traffic Jumps More Than 1,500% as Sports-Contract Scrutiny Intensifies
Kalshi’s US web traffic climbed more than 1,500% in under a year, while trading volume grew faster. The surge comes as legal scrutiny of the platform’s sports contracts intensifies, Cointelegraph reported.
Bitcoin’s Six-Year History Suggests NFP Has Limited Price Impact
CoinDesk’s review of six years of bitcoin data found that the U.S. nonfarm payrolls report has not been a consistent major price mover for BTC, challenging assumptions about its impact on cryptocurrency markets.
Perpetual Contracts Push From Bitcoin Toward U.S. Oil Markets
CryptoSlate reports that perpetual contracts are moving from Bitcoin toward possible U.S. oil-market use, with a regulator seeking lawsuit dismissal and reported WTI plans testing the boundaries of American financial markets.
South Korea outlines three-phase roadmap for tokenized securities
South Korea’s financial regulator has announced a three-phase roadmap for tokenized-asset issuance ahead of the country’s planned first tokenized securities framework, scheduled for adoption in February 2027.
Zcash surges 20% past $1,000 as short positions are liquidated
Zcash briefly moved above $1,020 in a 20% rally to the $1,000 level. CoinDesk said the surge forced leveraged short positions out of the market, resulting in about $34 million in losses for short sellers.
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.
AMC CEO Challenges Robinhood’s Tokenized Stock Offerings
AMC’s CEO criticized Robinhood’s tokenized stock offerings as unregulated in the US and said he would ask external securities counsel to request an investigation, according to Cointelegraph.