US President Donald Trump’s son Eric told the New York Post that stablecoins could “save the US dollar,” and defended his family’s crypto ventures.
Adrian Zmudzinski
Adrian Zmudzinski is a cryptocurrency journalist who wrote over 4,000 articles and first started working at Cointelegraph in 2018. He also contributed to Benzinga, crypto.news, and CoinMarketCap. Adrian specializes in technical articles as well as old school crypto topics in line with the cypherpunk aspects of the industry. His focus is on cybersecurity, digital rights, privacy, decentralization, cybercrime and permissionless systems. Adrian has no crypto holdings above Cointelegraph’s disclosure threshold of $1,000.
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‘Stablecoins will save the US dollar’: Eric Trump - News
Hong Kong rules limit stablecoin derivatives trading: DBS CEO DBS Hong Kong CEO Sebastian Paredes warned that Hong Kong’s new stablecoin KYC and AML rules will largely block their use in onchain derivatives trading.
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Google takes 5.4% stake in Bitcoin mining company Cipher Mining in $3B deal Google has acquired a 5.4% stake in Bitcoin miner Cipher Mining by backstopping $1.4 billion of Fluidstack’s obligations in a $3 billion, 10-year AI data center deal.
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New advanced X account takeover attack targets crypto community A new, hard-to-spot phishing campaign is hijacking crypto personalities’ X accounts by abusing X’s app authorization system to bypass passwords and 2FA.
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Coinbase, Sony and Samsung back stablecoin startup Bastion in $14.6M raise Coinbase Ventures led a $14.6 million round for Bastion, a startup providing white-label stablecoin issuance with backing from Sony, Samsung, A16z and others.
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Canton Network taps Chainlink as super validator, integrates oracles and CCIP Chainlink integrated its data services and crosschain protocol into the institutional blockchain Canton Network and joined as a super validator.
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Societe Generale-Forge taps Bullish to debut MiCA-licensed USDCV stablecoin Bullish’s European arm became the first exchange to list Societe Generale-Forge’s new USDCV stablecoin under MiCA and BaFin oversight.
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Samsung taps blockchain startup to train AI for ultrasound devices Samsung has partnered with decentralized science protocol Galeon to integrate AI features into its ultrasound devices and supply anonymized AI training data.
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BitMine holds over 2% of ETH supply, announces $365M offering Top ETH treasury BitMine Immersion Technologies announced $365 million in new funding and revealed it now holds 2.416 million ETH, over 2% of the total supply.
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Metaplanet becomes fifth-largest corporate Bitcoin treasury with $633M buy Metaplanet became the world’s fifth-largest corporate Bitcoin holder after buying 5,419 BTC, bringing its total to 25,555 BTC worth nearly $3 billion.
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EU finance ministers agree on path to limit digital euro holdings EU finance ministers agreed to impose holding limits on the digital euro, reaching consensus on procedures for setting caps during the latest Eurogroup meeting.
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Bank of Italy calls for tighter rules on global multi-issuance stablecoins The Bank of Italy's vice director warned that multi-issuance stablecoins pose risks to EU financial stability and should be restricted to equivalent regulatory jurisdictions.
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LimeWire revives infamous Fyre Festival brand with Web3 integration LimeWire has acquired the rights to the infamous Fyre Festival and plans to revive the brand through Web3 integrations with its LMWR token.
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Bitcoin Core default minimum relay fees decrease 90% as update rolls out Bitcoin Core 29.1 cut the default minimum relay fee from 1 sat/vB to 0.1 sat/vB, making Bitcoin transactions significantly cheaper while keeping DoS protection.
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Bank of England stablecoin limits slammed by UK crypto groups: Report UK crypto and payments groups urged the Bank of England to drop plans to cap individual stablecoin holdings, claiming the move would be costly and hard to enforce.
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UK trade groups urge government to include blockchain in US tech cooperation A coalition of UK trade groups has urged the government to include blockchain and digital assets in its planned “Tech Bridge” collaboration with the US.
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Dogecoin price rises despite latest delay of US DOGE ETF launch Dogecoin gained around 4% to reach $0.26 despite Bloomberg’s Eric Balchunas reporting that the first US DOGE ETF faces another delay.
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UK Bitcoin treasury company Smarter Web eyes acquisitions, FTSE 100 UK Bitcoin treasury firm Smarter Web may look to acquire competitors at a discount, with CEO Andrew Webley eyeing FTSE 100 status despite a stock price decline.
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Auditor flagged issue before $2.59M Nemo hack, team admits Sui-based yield trading protocol Nemo lost $2.59 million in a Sept. 7 exploit caused by unaudited code deployed without multisignature controls.
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Reserve Bank of India says crypto rules risk legitimizing sector: Report India is reportedly delaying comprehensive crypto regulation as its central bank warns rules could legitimize digital assets and create systemic risks.
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Paxos updates USDH stablecoin bid with PayPal, Venmo integration plans Paxos updated its bid to issue Hyperliquid’s USDH stablecoin, unveiling a PayPal-backed product with payment integration and a revenue model tied to the DEX’s growth.
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Toss to debut finance superapp in Australia amid stablecoin push South Korean fintech unicorn Toss plans to launch a finance superapp in Australia this year and issue a Korean won stablecoin once regulations allow.
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BBVA taps Ripple for institutional Bitcoin, Ether custody in Europe Ripple will provide crypto custody services to Spain’s BBVA bank, expanding its existing partnership amid MiCA-driven adoption by European banks.
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MoonPay and others rival Stripe in race to issue Hyperliquid USDH stablecoin MoonPay, Agora, Paxos, Frax and others are challenging Stripe’s Bridge proposal to issue Hyperliquid’s USDH stablecoin, pushing for community rewards.
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HSBC, ICBC eye Hong Kong stablecoin licenses under new regime: Report HSBC and ICBC reportedly plan to apply for Hong Kong stablecoin licenses, with ICBC and Standard Chartered expected to secure first-round approvals.
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Belarus President Lukashenko calls for clearer crypto framework Belarusian President Aleksandr Lukashenko instructed lawmakers to create clear and transparent rules for the country’s cryptocurrency market.
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South Korea caps crypto lending rates at 20%, bans leveraged loans South Korea’s Financial Services Commission introduced new rules for crypto lending, banning leveraged loans, capping interest at 20% and restricting use to the top coins.
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Stablecoin payment processor 1Money secures 34 US money transmitter licenses 1Money secured 34 U.S. money transmitter licenses and a Bermuda Class F digital asset license to launch stablecoin orchestration services.
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Japan regulator proposes crypto rule overhaul in line with securities law Japan’s Financial Services Agency proposed moving crypto oversight from the Payment Services Act to the stricter Financial Instruments and Exchange Act.
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AI agents will be stablecoins’ top users: Galaxy Digital’s Novogratz Galaxy Digital CEO Mike Novogratz predicted that AI agents will soon be the biggest users of stablecoins, driving an explosion in stablecoin transactions.