Grayscale Plans a 3-for-1 Stock Split for the Zcash ETF
Submit a Grayscale file to the U.S. Securities and Exchange Commission to carry out a forward stock split for the Zcash ETF known by the ticker ZCSH at a rate of 3-for-1. According to the filing, shareholders will receive two additional shares at the close of trading on September 28 for each share they own, meaning an increase in the number of outstanding shares with a proportional reduction in the price per share.
REX launches 2x leveraged ETF linked to Strive shares
REX Shares and Tuttle Capital Management launched a new leveraged exchange-traded fund designed to deliver double daily performance for Strive, a publicly listed company that operates in asset management and is also one of the Bitcoin treasury companies. The new fund is named T-REX 2X Long ASST Daily Target ETF, and began trading on Friday under the ticker ASSX on the Cboe exchange. The fund aims to achieve 200% of Strive’s daily performance before fees and expenses are deducted.
Bastion Receives Conditional Approval from the OCC for a Federal Charter
Bastion, which specializes in stablecoin infrastructure, announced that the U.S. Office of the Comptroller of the Currency (OCC) has granted it an initial conditional approval for a federal credit union charter in the United States. According to the company’s statement, this charter adds federal oversight from the OCC to the local licenses Bastion already holds. However, the proposed entity would not be a traditional commercial bank, as it would not be allowed to accept deposits or issue loans.
Hong Kong Jails Former Banker for 4 Years After Forging Letters of Credit and Crypto Bribes
A court in Hong Kong sentenced a former bank employee to four years in prison after convicting him in a case involving the verification of fake letters of credit worth more than $1.6 billion, along with receiving bribes in cryptocurrency totaling more than $470,000. Reports said that Lam Chun-yin, 32, had worked as a client relations manager at China Construction Bank (Asia), and had previously pleaded guilty in the district court.
MiCA: Banks double their presence in the ESMA register to become about 1 in 4 providers
The regulated European market for crypto assets is witnessing a marked expansion in the presence of traditional banks, after they came to account for roughly one in four providers listed on the EU Register under the MiCA framework. According to an analysis of data from the ESMA register, the number of banks listed on the crypto asset service providers list rose from about 40 banks on 26 June to around 80 banks on 16 September. This means their presence almost doubled over a relatively short period, while the total number of crypto asset service providers continued to grow as well.
U.S. Treasury imposes sanctions on Iranian BitBank over Bitcoin payments linked to Hormuz Safe
The U.S. authorities announced on Thursday that they have imposed sanctions on the Iranian digital exchange platform BitBank, accusing it of processing Bitcoin payments linked to ships transiting the Strait of Hormuz. The Office of Foreign Assets Control of the U.S. Treasury said that the entity Hormuz Safe Marine Services Authority used BitBank, as of June, to transfer payments it received to Iran’s Islamic Revolutionary Guard Corps. According to the Treasury, these operations are part of a structure that is claimed to have been used by Iranian financier Babak Zanjani to move hundreds of millions of dollars via Bitcoin to the Revolutionary Guard.
S&P Global to acquire OpenZeppelin to enhance smart contract security
S&P Global announced that it will acquire OpenZeppelin, a company specializing in blockchain security, in a deal aimed at expanding the capabilities of the financial data, ratings, and indices provider in the digital asset space. The company said the agreement, announced on Thursday, is part of its efforts to strengthen risk assessment capabilities and develop the ecosystem for the digital asset market. The financial details of the deal were not disclosed, and its completion is still subject to customary closing conditions.
Celsius Estate Sues BitMEX Over March 2020 Liquidations, Seeks Recovery of 6,360 BTC
Celsius bankruptcy estate filed a lawsuit against five companies affiliated with BitMEX, accusing them of fraud, market manipulation, and unlawful liquidation during the market collapse in March 2020. The complaint was filed on September 12 with the U.S. Bankruptcy Court for the Southern District of New York, through Celsius entities acting via the estate’s representative Blockchain Recovery Investment Consortium, known by the acronym BRIC. The list of defendants includes HDR Global Trading and ABS Global Trading, as well as Shine Effort, 100x Holdings, and HDR Global Services.
Circle launches Arc mainnet and makes USDC the native fee asset
Circle announced the launch of the Arc mainnet, a Layer-1 blockchain targeting stablecoin payments and financial markets, with a particular focus on delegated transactions, also known as agentic transactions. The standout feature of the launch is that USDC became the native fee asset on the network, meaning that users and developers will pay transaction fees with this stablecoin within Arc rather than relying on a separate, traditional gas model.
The United States seeks seizure of $61.19 million in USDT in a case linked to Iranian oil sales
The U.S. Department of Justice seeks to seize more than $61 million in USDT stablecoin belonging to Tether, in a case in which prosecutors say the funds came from Iranian oil sales subject to sanctions through the black market, and that they were intended to finance the Iranian government and the military, including the Iranian Revolutionary Guard.
MEV bot flips an Ethereum exploitation attempt and takes rsETH worth $7.7 million
A MEV exploit attempt on the Ethereum network led to an unexpected outcome after the attacking MEV bot had already been involved and seized the funds before it could take control. According to cybersecurity firm Blockaid, the attacker targeted a dedicated module associated with a Safe wallet in an attempt to extract approximately $7.7 million in rsETH. According to technical details, the attacker used a public keeper multicall to route a dedicated liquidity unit of the Uniswap v4 type to a hooked pool created by himself, where the binding of aEthrsETH was undone and converted into rsETH. Blockaid said the affected wallet belonged to an unknown user, and the value reportedly lost at the time of the initial report was about $7.73 million in rsETH.
Odds of CLARITY Act approval slip to 16% as Democratic objections intensify
The odds of the CLARITY Act becoming law this year on Polymarket sharply fell on Monday, after they had jumped the previous day to 35% following the Republicans’ release of a revised version of the bill. However, that optimism didn’t last long, as the percentage dropped again to 16%, with growing concerns about the new text.
New European rules put cryptocurrency wallet companies under pressure for rapid reporting
The European Union has adopted a new regulatory framework that changes the way cryptocurrency wallet companies handle security incidents. Under the Cyber Resilience Act, software and hardware wallet providers must report within 24 hours of becoming aware of a serious vulnerability or an active exploitation that affects their products. The rule is not limited to wallets only; it extends to all “products with digital elements” available within the European Union. According to the European Commission, the purpose of these requirements is to strengthen the protection of consumers and businesses from cyber threats, as part of a broader digital security strategy in Europe.
Bitcoin funds record $463 million outflow while Ether attracts $197 million weekly
I recorded net outflows of $462.7 million over the past week as spot Bitcoin exchange-traded funds in the United States ended a three-week streak of inflows. In contrast, Ether funds headed in the opposite direction, with net inflows of nearly $196.9 million over the same period. According to the available data, withdrawals from Bitcoin funds extended across four trading sessions from Tuesday to Friday. This shift came after the strongest weekly wave of inflows during 2026, before the funds began losing $166.8 million in the first two days of the short trading week due to the holiday.
Revolut reveals customer data leak via a fake government email
Financial technology and banking services company Revolut has revealed a security incident that led to the leak of sensitive data belonging to some customers after it received a fraudulent request that appeared to have come from a government entity. The exposed data includes copies of passports, self-verification images, and complete financial transaction records.
Bitcoin nears $80,000 after U.S. CPI data as bond yields rise to their highest level in 22 years
Bitcoin returned to the $79,000 level on Friday after U.S. inflation data for August came in broadly in line with expectations, prompting the market to enter a new wave of rapid volatility. According to the data, the core consumer price index (CPI) rose 0.3% month over month, higher than the 0.2% expected. Annual inflation also reached 3.4%, while the market initially saw a drop in bitcoin to $76,000 before reversing its direction and rising by more than 3% over the course of the day.
Anchorage Digital opens institutional access to fUSD through its custody platform
Anchorage Digital announced a new partnership with the stablecoin protocol Frgmnt, granting institutional clients direct access to the fUSD and sfUSD tokens through its custody platform. Under this integration, institutional investors will be able to hold, issue, redeem, and manage yield for fUSD, as well as unpair it, from within the custody environment itself, without the need to set up separate custody arrangements.
$449 million outflow from Bitcoin ETF funds over 3 days
Spot Bitcoin ETF inflows recorded their largest daily outflow in the United States in about two months, partially reversing some of the gains achieved during the strongest stretch of inflows this year, which lasted three weeks. According to data from SoSoValue, net outflows from spot Bitcoin ETFs on Thursday totaled $282.6 million, the highest level of daily outflows since $424.7 million on July 13.
A Revised CLARITY Act Targets Non-Decentralized DeFi Operators
A revised version of the CLARITY Act has been drafted to require U.S. regulators to determine whether persons or groups that control “non-decentralized decentralized finance trading protocols” must comply with securities and commodities laws and anti-money-laundering requirements. According to the amended text published on Senator Cynthia Lummis’s website, the protocol falls under this category if its function or operating method or its rules can be materially changed by a single person or a coordinated group. The definition also includes protocols that their operators can restrict users on, or whose transactions are not exclusively conducted through transparent, predetermined code.
Coinbase and Moov expand stablecoin infrastructure for more than 1,000 U.S. community banks
Coinbase announced a partnership with financial services platform Moov to provide stablecoin infrastructure for more than 1,000 community banks and credit unions within Moov’s customer base. The partnership aims to combine Coinbase’s regulated digital asset infrastructure and Moov’s payments platform, enabling stablecoin payments to be accepted and settled, alongside instant funding, according to an announcement issued on Thursday.