Finance and Business News page 7

BlockTower Capital's founder says the exchange concealed a security breach that drained client assets. Ari Paul, the founder and chief investment officer of BlockTower Capital, has accused Coinbase of losing $25 million belonging to his firm. Paul says the loss stemmed from a security breach that the exchange did not disclose at the time.

Fresh institutional demand for spot ether exposure comes as another issuer's XRP fund also logs new inflows. Investors in BlackRock's spot Ethereum exchange-traded fund bought approximately $15 million worth of ether, CryptoBriefing reported. The purchase reflects ongoing demand from institutional and retail clients accessing ETH through a regulated fund structure rather than direct token custody.

The bank is connecting a traditional money market fund to crypto's institutional infrastructure without putting it on a blockchain. Goldman Sachs has reportedly opened access to a $100 billion Treasury fund for crypto companies, according to reporting from Crypto News Australia, Coindoo and UNLOCK Blockchain.

Europe's securities regulator signals a move from rule-writing to active oversight of crypto-asset service providers. The European Securities and Markets Authority, known as ESMA, is tightening its watch over crypto-asset service providers operating in the European Union.

The Trump administration and a key GOP senator say Democratic opposition sank digital asset market structure legislation The White House has publicly blamed Senate Democrats for the failure of the Crypto Clarity Act, according to reports from CryptoBriefing and CoinGape.

A new model release highlights higher token usage while a court ruling reframes built-in safety tools as a legal exposure rather than a selling point. Anthropic has released Sonnet 5.5, an updated version of its mid-tier language model. BeInCrypto reported that the new model's performance now approaches that of Opus, Anthropic's top-tier flagship system.

The pontiff's remarks come as measured concern over artificial intelligence risk reportedly climbed sharply Pope Leo has directed public criticism at Nvidia chief executive Jensen Huang over artificial intelligence safety, according to reports from CryptoBriefing and Cryptopolitan. The pontiff's comments frame the Vatican as a moral counterweight to the world's largest technology companies.

The request follows Tether's freeze of $550 million in tokens tied to Iran amid a widening sanctions review. A member of the US Senate has formally urged federal authorities to open an investigation into Tether. The request centers on USDT transactions allegedly connected to Iran, a country under extensive US sanctions.

The approval lets the exchange operate regulated crypto trading services inside Bhutan's planned special economic zone. BTSE Bhutan has received a financial services license authorizing it to provide digital asset trading services within Gelephu Mindfulness City. The approval was reported by multiple outlets on September 29, 2026.

The approval limits Coinbase to fully collateralized derivatives, completing its in-house trading, clearing and custody chain. The Commodity Futures Trading Commission has approved Coinbase to register as a derivatives clearing organization, according to Unchained, CoinTurk News EN and The Block.

A new state law targets public officials who issue crypto tokens, though enforcement over secondary market trading remains uncertain. California has enacted legislation restricting public officials from issuing meme coins, according to reporting from crypto.news and CryptoSlate. The law specifically targets the act of launching or issuing these tokens, rather than broader crypto activity.

Her departure comes as a key comment period on crypto market structure remains open, raising questions about who finishes the job. Hester Peirce is stepping down from the Securities and Exchange Commission, according to reporting from crypto.news and Forkast. Her exit lands at a delicate moment for the agency's crypto policy work.

Bitget's phased restart, an unresolved standoff with THORChain, and ETF flows all carry a mechanism that can move price before the US session opens. Bitget's phased restart, an unresolved standoff with THORChain, and ETF flows all carry a mechanism that can move price before the US session opens.

Regulators tighten oversight of digital asset businesses as the city pushes for tighter market structure standards. Hong Kong regulators have broadened financial reporting oversight to cover licensed cryptocurrency firms, according to reporting from Cointelegraph and CryptoBriefing. The expanded requirements apply to businesses already holding licenses to operate in the city's digital asset sector.

Neville's exit coincides with reports of a Circle CFO departure and a regulatory green light for the trust bank venture Catena. Sean Neville, one of the co-founders of stablecoin issuer Circle, has stepped down from the company's board of directors.

Spot Bitcoin funds attracted billions in new capital as investors reacted to a US Treasury debt buyback proposal. US spot Bitcoin exchange-traded funds recorded a significant round of inflows this week. The move came after reports of a Treasury debt buyback plan circulated among investors.

A closely watched shareholder vote tied to Evernorth and fresh ETF inflow data are set to test XRP's resolve near the $1.55 level. XRP is entering a week that traders and analysts describe as pivotal, with two separate developments drawing attention.

The enterprise blockchain token's rally follows conflicting reports of a US bank deal and broader UK-US bank adoption of Quant's technology. Quant, the token behind the Overledger blockchain interoperability platform, has posted one of the sharpest gains in the crypto market this month.