Citi clients can accept stablecoins through Spring by Citi without managing digital assets. Coinbase converts stablecoin payments into fiat before Citi settles proceeds for merchants. Coinbase Virtual Accounts use Citi banking rails to connect fiat and stablecoin payments. Citi and Coinbase are expanding their partnership to help corporate clients accept...
Shiba Inu Drops Below Support As The Burn Rate Barely Moves
Shiba Inu fell 4.8% Monday after sweeping a July high and breaking structure, while its burn rate and Shibarium activity stayed close to flat. Shiba Inu spent Sunday chasing a price it had not touched since early August. By Monday morning it had given the whole move back and then...
Dogecoin Holds The Line Between Two Liquidation Shelves
Dogecoin sits near $0.097 after a Tuesday sweep to $0.1035 and a Wednesday flush to $0.093, with liquidation data showing pressure stacked on both sides of price. A wick to $0.1035 on Tuesday, September 22 looked like the start of a breakout. Less than a day later, on Wednesday, September...
Japan Arrests 2 in Cambodia-Linked Crypto Fraud
Japan arrests 2 suspects after fake police allegedly tricked a woman into transferring 81 million yen in a crypto fraud. Japan has arrested 2 suspects linked to a Cambodia-based crypto fraud network targeting Japanese victims. Police suspect losses reached 240 million yen. Japan Police Arrest 2 Suspects Over Crypto Transfer...
Bitget Plans Phased Withdrawal Resumption as Security Checks Continue
Bitget will restore withdrawals in phases from September 28, with BTC first and full services scheduled by October 2. Crypto exchange Bitget prepares to restore withdrawals on September 28 following a security incident that prompted a temporary suspension. Bitcoin withdrawals will return first, with ETH and USDT following over the...
Grayscale Seeks Approval for ZCSH High Income ETF
Grayscale seeks SEC approval for a ZCSH High Income ETF offering bi-weekly payouts through options linked to its Zcash product. Grayscale has filed with the SEC for a new ZCSH High Income ETF. The proposed fund would focus on income from options tied to Grayscale’s current ZCSH product. It would...
CFTC Sues Cash FX Group Over Alleged $950M Crypto-Linked Forex Scheme
CFTC alleges Cash FX solicited more than $950M through a purported forex trading pool. Participants were allegedly promised returns of up to 15% weekly from trading strategies. The regulator says participants lost at least $406M through the alleged scheme. The Commodity Futures Trading Commission (CFTC) has sued Cash FX Group...
Bitcoin Weekly Chart Flashes A Warning Near $78K
Bitcoin’s weekly candles now sit above a stack of moving averages, and the upper edge of that band near $78K is where this breakout gets tested. Not advice. Bitcoin was changing hands near $83,978 at 09:00 UTC on Saturday, September 26, and the weekly chart doesn’t look like it did...
Brazil Sets $10K Reporting Rule for Self-Custody Crypto Trades
Brazil will require covered institutions to report $10K+ self-custody transfers to Coaf. Resolution 588 creates a reporting threshold, not a crypto transaction limit or ban. The rule differs from Brazil’s separate 24-hour retention measure starting in 2027. Brazil will require covered institutions to report qualifying crypto transfers involving self-custody wallets...
Fed Proposes Two-Day Redemption Limit and Capital Buffers for the Stablecoin Issuers It Supervises
The Federal Reserve Board opened two GENIUS Act proposals for comment, covering stablecoin reserves, capital charges, redemption limits, and bank applications. Two business days. That is the longest a holder would wait for dollars from a stablecoin issuer the Federal Reserve supervises, if the new proposal survives public comment. The...