Analysis
Politics
Lawmakers to probe SEC over suspected political favoritism in staffing
The probe seeks to determine whether the SEC violated federal law by considering political affiliations in its hiring of senior employees, potentially compromising the agency's impartiality.
Adoption
CSAO region becomes global crypto hub with India, Singapore, and Indonesia leading the charge – Chainalysis
India, Singapore, and Indonesia are transforming the crypto landscape with strong adoption, innovative payment solutions, and explosive trading activity.
NFTs
Digital Chamber urges lawmakers to classify NFTs as consumer goods amid SEC enforcement concerns
The Digital Chamber asserted that consumptive-use NFTs should be classified as consumer goods, not securities.
DeFi
Congressional hearing on DeFi reveals deep partisan divide over regulatory approach
Democrats pushed for tighter DeFi regulations, while Republicans warned against stifling DeFi innovation during the first Congressional hearing on DeFi.
Analysis
Bitcoin faces September slump but optimism grows for year-end rally – Bitwise CIO
Despite current volatility, Bitwise CIO Matt Hougan anticipates a strong recovery for Bitcoin in the final quarter of the year.
Regulation
Record $4.68 billion fines mark SEC’s toughest year on crypto
The significant spike was primarily the result of the watchdog's enforcement actions against Terraform Labs and its co-founder Do Kwon.
Regulation
Nigeria to ramp up crackdown on unregistered crypto exchanges
Nigeria's SEC said its enforcement actions aim to enhance investor protection and transparency in the country's fast-growing digital asset market.
Crypto
Liminal cleared by independent security audit after WazirX breach, no vulnerabilities found
External audit by Grant Thornton clears Liminal of breach vulnerabilities following major July 18 hack of WazirX.
Exchanges
Indian regulators to clear offshore crypto exchanges after strict AML review
India's Financial Intelligence Unit is set to approve two new offshore crypto exchanges after a stringent compliance review.
Crypto
Chamber of Progress demands clarity on crypto from presidential hopefuls
Chamber of Progress has urged the presidential debate moderators to ask for crypto clarity as 18 million Americans await candidate positions.
Crypto
Bitcoin falls below $54k as market sees volatility following jobs data
Bitcoin fell below $54,000 as uncertainty over potential rate cuts led to heightened market turbulence.
Crypto
Trump reiterates support for Bitcoin, picks Musk to lead government overhaul
Trump vows to slash regulations and make America the "world capital of Bitcoin."