Crypto
Regulation
Gensler says U.S. government shutdown would reduce SEC to skeleton crew
The SEC could stop processing applications if the U.S. government enters a partial shutdown, which would likely include crypto ETF proposals.
AI
Tether acquires 20% stake in German Bitcoin miner Northern Data in unusual equity deal: Report
In a convoluted multinational deal, Tether is reportedly buying thousands of GPU chips for a German crypto mining firm that wants to rent them out to startups—all handled through an Irish shell company.
Stablecoins
PayPal extends PYUSD stablecoin to Venmo as third-party adoption surpasses 12 platforms
Users can now transfer the stablecoin between each app and external services.
ETF
Grayscale applies for new Ethereum futures ETF
At least 12 other firms have also applied for similar ETFs in recent weeks.
Regulation
SEC enforcement official warns more charges are on the horizon, including for DeFi protocols
Recent charges against Binance and Coinbase may be just the beginning.
AI
Google expands Bard to connect with several of its other services
Bard can now connect to apps, double-check info, and continue conversations.
Legal
Judge rejects SEC’s request to inspect Binance.US’ software, technical infrastructure
Federal Magistrate Judge Zia Faruqui noted that the court would soon need to "bite the bullet and move on with the case."
NFTs
OpenSea, Rarible, and more NFT marketplaces restrict Stoner Cats following SEC action
OpenSea and Blur have blocked trading, while Rarible has hidden the collection entirely.
Regulation
New York Department of Financial Services updates crypto listing rules with immediate effect
The state has also proposed other new regulations that it will accept public comment on until October 20, 2023.
Legal
SEC urges expedited discovery in Binance case; cites ‘mass exodus’ of US executives who may have key information
Three high-ranking Binance.US employees—including its CEO—have recently left the firm as pressure builds.
Exchanges
Japanese crypto exchange JPEX to pause interest rewards as partners freeze funds
JPEX will pause its Earn feature due to fallout from regulatory complaints.
Technology
Ethereum Holesky testnet launch flops, relaunch is expected in coming weeks
The next launch attempt could took place as early Sept. 22 or as late as Sept. 28.