Illinois backs delay to crypto tax rule after months of industry pushback
Illinois officials have joined crypto industry groups in seeking a six-month delay to the state’s controversial digital-asset tax. The agreed motion, filed Oct. 1 in Sangamon County, asks a judge to postpone the levy’s Jan. 1 start until July 1, 2027,…
El Salvador’s $666 million Bitcoin reserve survives IMF review
El Salvador secured access to $138 million from the IMF while recommitting to limits on further state Bitcoin accumulation. The International Monetary Fund (IMF) completed the second and third reviews of the country’s $1.4 billion loan program on Oct. 1,…
Ethereum’s past outflow charts can change when more exchange wallets are identified
Coin Metrics has rebuilt Ethereum’s historical Standard Flow Metrics, raising a timing problem for tests that treat exchange outflows as a trading signal. The crypto data provider’s Oct. 1 notice says it recomputed Ethereum Standard Flow…
Bitcoin’s $85,000 recovery awaits proof that ETF investors kept buying after payrolls
Bitcoin’s recovery above $85,000 faces a demand test after a sharp fall in bets on another Federal Reserve rate hike. A new post-payroll study places the strongest burst of forced buying before Friday’s jobs report, while Bitcoin retreated…
Bitcoin Core’s new fix closes gap that could redirect funds without stealing keys
Bitcoin Core has added a safeguard against signing transactions that may not bind funds to the payment destination a user approved. The change, merged into Bitcoin Core’s master development branch on Sept. 25, targets a narrow flaw in partially signed…
Trump Taps Jay Clayton, the SEC Chair Who Sued Ripple, to Lead AI Push
President Trump named a new “Super Intelligence Force” to coordinate federal AI policy, with Director of National Intelligence Jay Clayton at the helm. As SEC chair, Clayton launched crypto lawsuits including the agency’s case against…
Banking Group Sues to Block Crypto’s ‘Side Door’ Into the Banking System
The Independent Community Bankers of America argues the OCC’s national trust charters give crypto firms a “side door into the banking system” without the safeguards that bind traditional banks.
‘Uptober’ Starts Green as Bitcoin ETFs Draw $134 Million
Spot Bitcoin ETFs took in $134.4 million over the first two trading days of October, rebounding from a Sept. 30 outflow as a weak jobs report cooled Fed rate-hike bets.
‘We Have Identified You, Sir’: Near Intents Recovers $3.8 Million After 48-Hour Ultimatum
Near Intents said the roughly $3.8 million drained in an exploit on Thursday was returned in full, a day after the team said it had identified the attacker and gave them 48 hours to return the funds.
Bankers sue to overturn OCC trust-bank rule used by crypto firms
The Independent Community Bankers of America sued the OCC in federal court in Washington on Oct. 2, two weeks after the agency approved Agora National Trust Bank, Catena Trust Bank and Bastion Platforms. American Banker reported that the complaint asked…