Author: AiCryptoSource.com

Three Arrows Capital is requesting to summon three FTX executives: Sam Bankman-Fried, Ryan Salame, and Caroline Ellison. If approved, Bankman-Fried’s deposition statement will take place on October 14, 2025. Summary Three Arrows Capital continues to push legal action against FTX by summoning its three top executives to answer for the alleged forced-liquidation of 3AC’s $1.5 billion account. Former CEO of FTX, Sam Bankman-Fried, is being summoned to provide a disposition in court on October 14, 2025. In a recent court document, Three Arrows Capital has compelled the former FTX executives of one of the largest exchange bankruptcy cases ever recorded…

Memecoin launchpad BONK.fun has launched USD1 stablecoin, marking the latest step in USD1’s rapid expansion across major trading platforms. Summary Token creators can now launch new tokens paired with USD1 stablecoin, while traders can access USD1 pairs on BONK.fun, Raydium, or via third-party trading bots. USD1 stablecoin is live on major exchanges and blockchains, now the world’s fifth-largest stablecoin at $2.66 billion market cap. Memecoin launchpad BONK.fun has announced the rollout of USD1 trading pairs as part of “Project Wings,” a new initiative developed in partnership with World Liberty Financial (WLFI). Introducing Project Wings: The Eagle Takes Off! 🦅– A…

The Easy Group has launched easybitcoin.app, a mobile app powered by Uphold designed to simplify bitcoin buying and earning for everyday users, the company announced Sept. 9, 2025. The app offers three earning mechanisms—a 1% welcome bonus on the first $5,000 of recurring buys each month, 2% bitcoin rewards after three months of recurring purchases, […] Source link

The U.S. SEC has once again hit the brakes on key crypto ETF decisions. This time, the regulator is delaying approvals for Ethereum staking proposals from top financial giants like BlackRock, Fidelity, and Franklin Templeton, leaving the crypto market watching closely. Summary The SEC has postponed decisions on crypto ETF proposals targeting Ethereum staking, Solana, and XRP. Staking addition for BlackRock’s iShares Ethereum Trust now awaits a final decision by October 30, while that of Fidelity Ethereum Fund and Franklin Templeton were both extended to November 13. More than 90 crypto ETF applications remain pending as the Commission continues to…

In his latest keynote speech at the OECD in Paris, SEC Chair Paul Atkins reassured that ‘most crypto tokens are not securities,’ and that the agency continues to work on market guidelines. Atkins emphasized that his focus is on changing the regulations for digital assets and on-chain capital in the US, while providing more clarity for investors and minimizing legal uncertainty for entrepreneurs. He also urged the SEC to end selective enforcement (which has been arguably bad for the industry) and promised growth-oriented regulatory rules in the future. Finally, Atkins mentioned the development of a Super app and an integrated…

BitMine Immersion Technologies, a crypto miner turned Ethereum treasury company, has fattened its ETH stash with a second purchase this week, this time buying $200 million worth of the second-largest cryptocurrency. Summary BitMine bought 46,255 ETH worth about $200M in its second purchase this week. The company’s total holdings now stand at 2.116M ETH valued at over $9.2B. Public firms collectively hold around 3.62M ETH. Although BitMine has not disclosed its latest purchase, eagle-eyed researchers at blockchain analytics platform Lookonchain have flagged that 46,255 Ether had made its way into BitMine’s coffers on Wednesday. BitMine ETH purchases | Source: Lookonchain…

Hong Kong’s de facto central bank unveiled plans for more lenient capital requirements for banks holding certain cryptocurrency assets, signaling the region’s drive to become a crypto hub, local media reported.In a consultation paper released Monday, the Hong Kong Monetary Authority introduced a new supervisory policy manual module, CRP-1, which outlines how crypto assets should be classified under the Basel Committee on Banking Supervision’s global capital standards, according to a Wednesday report from financial news outlet Caixin. These international rules are scheduled to take effect in Hong Kong in early 2026.The draft guidance — circulated to the local banking sector…

LINEA price faced a sharp correction after it secured listings on multiple exchanges, including Binance and Bybit, as investors locked in profits by selling their airdropped tokens. Summary LINEA price has fallen over 50% from its launch day high after it secured multiple exchange listings. 9.36 billion tokens were distributed to 749K wallets during its token generation event. On Sep. 10, LINEA, the native token of the Ethereum Layer 2 scaling solution Linea, secured a listing on top-tier exchanges Binance, Bybit, OKX, and Bitget. Other major platforms that added support for the token included Crypto.com, KuCoin, Gate US, HTX, MEXC,…

The Avalanche Foundation plans to raise $1 billion to buy million of AVAX at a discount price. The firm is in talks with investors to establish two treasury firms to hoard more of its tokens within the next few weeks. Summary Avalanche Foundation plans to set up two U.S-based “digital asset treasury” companies to hoard AVAX. The deals are set to close by October 2025, with support from Hivemind Capital and Dragonfly Capital. Crypto investor and former White House press secretary Anthony Scaramucci is rumored to be advising one of the deals. According to a report from the Financial Times,…

South Korean regulators have decided to lift a nearly decade-long ban that barred cryptocurrency-focused businesses from qualifying as venture companies. Summary South Korea’s Ministry of SMEs and Startups has approved a revision to the Venture Business Act. Crypto firms will be eligible for venture certification starting September 16. The policy change ends a ban that has been in place since 2018. Since 2018, cryptocurrency companies operating in South Korea have not been allowed to be recognized as venture firms due to concerns over the speculative nature of the market at the time. As a result, these entities have been shut…