Finance and Business News page 33

Thai payments firm embeds a baht-linked digital asset wallet into its app using infrastructure from custody provider Fireblocks. TrueMoney has partnered with Fireblocks to launch an embedded digital wallet supporting THBT, a token tied to the Thai baht, on the Base blockchain.

Ripple's Garlinghouse voices support for Treasury Secretary Bessent's case for the bill as lawmakers finalize the crypto market structure legislation. The CLARITY Act is approaching a decisive moment in the Senate, with lawmakers finalizing the text of a bill designed to clarify how digital assets are regulated in the United States.

Banking groups want stricter limits on stablecoin yield as lawmakers finalize market-structure legislation US banks are asking senators to tighten rules around stablecoin rewards before lawmakers vote on the CLARITY Act, according to Cryptopolitan. The push comes as the bill moves toward a final Senate decision on how digital dollar-pegged tokens should be regulated.

The company directed capital toward its STRC preferred stock instead of adding to its Bitcoin treasury this cycle. Strategy has repurchased $139 million in STRC preferred stock, according to reporting from BlockchainReporter and AMBCrypto. The company's Bitcoin treasury remained unchanged at 845,050 BTC following the transaction. No new coins were added during this period.

The exchange has told users to withdraw funds ahead of a December deadline, citing a significant contraction in the crypto market. CoinEx has told its users to prepare for the end of the exchange’s operations. The platform will cease functioning by December 22, according to reports.

A federal complaint alleges illicit Iranian oil proceeds were laundered through crypto transactions, with Binance named as the platform used. Federal prosecutors have moved to seize $61 million in cryptocurrency they say represents proceeds from illicit Iranian oil sales.

A newly revised version of the crypto market structure bill is drawing resistance from multiple camps just before lawmakers are set to vote. The Clarity Act has been positioned in Washington as an attempt to settle years of uncertainty over which federal agency should oversee digital assets.

The move comes a day before a scheduled cloture vote on the crypto market structure bill. Senate Democrats intend to submit a counterproposal to Republicans on the CLARITY Act, Politico reported. The move follows a GOP offer described as final, setting up a last-minute negotiation ahead of a scheduled cloture vote.

Federal prosecutors say the funds moved through Binance accounts the department had previously cleared as compliant. The Department of Justice has asked a federal court to seize approximately $61 million in funds it says represent proceeds from Iranian oil sales.

CryptoBriefing and Coinpedia agree Trump conceded to let state AGs enforce CLARITY Act ethics rules but disagree on whether the deal requires him to divest his crypto holdings. CryptoBriefing and Coinpedia agree Trump conceded to let state AGs enforce CLARITY Act ethics rules but disagree on whether the deal requires him to divest his crypto…

South Korea's largest crypto exchange reports XRP leading turnover ahead of Bitcoin on its platform. Upbit has reported approximately $8 billion in trading volume over a recent weekly period. The exchange is the largest crypto trading venue in South Korea by most measures.

The regulator is said to be considering fund exemptions that could ease the path for blockchain-based gold tokens in Britain. The UK's Financial Conduct Authority is reportedly weighing new regulatory treatment for tokenized gold products, according to a Financial Times report cited by crypto.news and Cointelegraph.

The financing ranks as Asia's second-largest syndicated loan of 2026 and signals deepening capital demand for AI infrastructure. ByteDance has secured a syndicated loan valued at $29.6 billion, according to reports from CryptoBriefing and The Cryptonomist EN. The company plans to use the funds to accelerate its artificial intelligence initiatives on a global scale.

A petition topping 50,000 signatures has triggered a mandatory legislative review of the long-postponed levy. South Korean crypto holders are renewing pressure on lawmakers to push back the country's digital asset tax for a fourth time.

Bitcoin.com News reports that a major oil shipping corridor has shut down, sending ripples through commodity and risk markets. Bitcoin.com News reported on September 14 that a major route used to move oil out of a key producing region has stopped functioning.

CryptoBriefing reports the administration has signed off on added ethics language as the crypto market structure bill advances. CryptoBriefing reported on September 14 that the White House has agreed to new ethics language in the CLARITY Act.

The exchange's insurance reserve grew alongside bitcoin's price gains, according to its latest monthly disclosure. Bitget disclosed that its Protection Fund carried an average valuation of $382 million throughout August. The exchange linked the growth directly to a broader rally in bitcoin's price during the month.

Spot Bitcoin funds shed capital while Ether ETFs attracted fresh inflows amid a looming Federal Reserve decision. U.S.-listed spot Bitcoin exchange-traded funds recorded net outflows of approximately $463 million last week, according to data cited by multiple crypto news outlets.