Author: John Smith

Advanced AI has cut the time banks may have to repair software flaws from weeks to minutes, according to a new Bank for International Settlements paper that calls for faster security decisions and patching. Summary The BIS paper says AI can help find software flaws and turn them into working attacks. Its authors warn that scheduled security checks and patching may be too slow. U.S. and overseas authorities are pressing financial firms to improve cyber response and recovery. A July incident involving OpenAI agents and Hugging Face showed how a test could reach real systems The Bank for International Settlements…

NFT sales reached approximately $46.78 million over the seven days ending Sep. 12, up 6.8% from the previous seven-day period, according to CryptoSlam data. Ethereum led blockchain sales, while a small number of high-value Bitcoin transactions accounted for much of the week’s activity. Summary NFT sales rose 6.8% to $46.78 million across the seven-day reporting window. Buyer addresses fell 84.67% to 41,959, even as transactions rose 48.75% to 917,549. Ethereum led blockchains with $16.83 million in sales, down 6.36%. Bitcoin sales climbed 50.12% to $9.44 million, helped by several large BRC-20 NFT trades. Polygon-based Courtyard topped collections with $6.67 million…

U.S. spot Bitcoin ETFs have lost $462.7 million during the September 8–11 trading week, while Ethereum funds have gained $196.9 million and Solana funds have drawn a smaller $9.7 million inflow. Summary Bitcoin ETFs recorded net outflows in all four trading sessions, led by a $282.7 million loss Thursday. Ethereum ETFs gained $216.4 million Friday, turning their weekly total positive. Solana funds added $9.7 million, while Hyperliquid funds lost $26.5 million. The four ETF groups tracked by Farside posted a combined $282.6 million net outflow. Farside Investors’ Bitcoin ETF data shows that the funds lost money each day from Tuesday…

The SEC has proposed a 60-day rulemaking process to modernize transfer-agent systems for blockchain records as offshore demand for tokenized stocks grows. Summary SEC rules would permit transfer agents to use blockchain-based systems for securities records. The proposal does not make tokens legal shares or grant holders shareholder rights. Bitget recorded $1.16 billion in tokenized-stock volume from June 2 to July 19. Shared ownership records remain necessary for US and offshore products to become interchangeable. Bitget Research Chief Analyst Ryan Lee told crypto.news that the SEC’s proposal addresses a part of tokenized stock markets that has received less attention than…

Bitcoin Suisse has announced plans to cut up to 60 of its 120 positions in Switzerland and close its Copenhagen development site as part of an international reorganization. Summary Up to 60 of Bitcoin Suisse’s 120 Switzerland-based positions could be eliminated. A staff consultation will run until Sep. 20 before the final reductions are decided. Software development and back-office work will be concentrated in international operating hubs. The Copenhagen IT site will close as the company plans another hub in Vietnam. Bitcoin Suisse puts up to 60 Swiss jobs at risk Reuters reported on Sep. 11 that Bitcoin Suisse had…

White House economic adviser Kevin Hassett has disclosed owning between $1 million and $5 million in Coinbase shares while the Trump administration advanced policies affecting the U.S. crypto industry. Summary Hassett reported between $1 million and $5 million in Coinbase stock at the end of 2025. The disclosure does not confirm whether he still owns the shares. Hassett advised Coinbase until January 2025, when he entered the White House. A former SEC ethics lawyer said the investment presented a serious conflict of interest. Coinbase shares remained in Hassett’s disclosed portfolio CNBC, citing Hassett’s latest annual financial disclosure, reported that the…

Four U.S. financial regulators have proposed new third-party risk guidelines that would let banks and credit unions tailor oversight to each outside relationship while replacing existing guidance. Summary Four federal regulators have opened the proposed guidelines to public comment. The nonbinding framework would replace third-party risk guidance issued in 2023 and 2024. Community banks with less than $30 billion in assets would receive a separate practical guide. Federal Reserve Governor Michael Barr dissented, warning of supervisory gaps and added financial risk. Proposed bank guidelines favor risk-based oversight The Federal Reserve, Federal Deposit Insurance Corporation, National Credit Union Administration, and Office…

Robinhood has reported a 61% monthly rise in notional crypto trading volume to $17.5 billion in August, led by activity on its Bitstamp exchange. Summary Crypto trading volume rose from $10.9 billion in July to $17.5 billion in August. Bitstamp processed $10.1 billion, exceeding the $7.4 billion handled through Robinhood’s app. Event contract activity reached 4.7 billion trades, about 15 times its August 2025 level. Total platform assets increased 26% from a year earlier to $384 billion. Robinhood’s August operating data, released Thursday, showed that crypto activity recovered from a quiet July but remained below the level recorded a year…

Katana CEO Matt Fisher has said a dollar stablecoin planned by 21 financial institutions for the first half of 2027 could generate yield through independent DeFi protocols, although holders would assume risks not covered by its issuing banks. Summary Twenty-one financial institutions plan to introduce a U.S. dollar stablecoin in the first half of 2027. The GENIUS Act prohibits permitted payment stablecoin issuers from paying interest or yield to holders. Fisher said independent protocols could earn returns by lending stablecoins to identifiable borrowers. Smart-contract, liquidity, oracle, and custody failures would generally leave depositors carrying any losses. Katana CEO Matt Fisher…

The U.S. Department of Justice has restrained more than $52 million in cryptocurrency while targeting wallets and online channels linked to the Xinbi Guarantee scam network. Summary $52 million in cryptocurrency was restrained during one day of coordinated enforcement. Two Xinbi wallets had received about $12 million in payments, according to Tether. U.S. authorities sought restraints against 47 more wallets linked to suspected money laundering. Tether says it has helped 340 agencies freeze over $5 billion across 67 countries. Tether said in a Sep. 11 statement that the DOJ credited the stablecoin issuer’s “proactive assistance” in an operation against Xinbi…