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In brief Eight banking trade groups asked Senate leaders to tighten restrictions on stablecoin rewards. They want to delete language allowing rewards tied to balances, duration or tenure. The groups say a proposed deposit-flight safeguard would take effect too late. Eight banking trade groups urged Senate leaders Monday to tighten the Clarity Act’s stablecoin rewards restrictions, arguing that exceptions in the bill could allow interest-like payments that draw deposits away from banks.In their letter to Senate leaders John Thune and Chuck Schumer, the group said it could not support the latest revisions in the Clarity Act regarding rewards for transactions…
Another day, another data breach. Swiss Bitcoin Pay, a non-custodial bitcoin payment processor, said that it had to temporarily shut down its servers following a data breach on Monday. The Neuchâtel, Switzerland-based company said that user funds were safe but customer email addresses, bitcoin addresses and IBANs, transaction history, and hashed passwords were believed to be breached. A malicious user has likely gained access to Swiss Bitcoin Pay’s internal systems. As a precaution, we are temporarily shutting down our servers while we investigate and secure our infrastructure.At this stage, we believe they may have accessed customer email addresses, Bitcoin…— 🇨🇭…
A Pennsylvania parts supplier has lost more than $50,000 after a mailed payment was intercepted, altered and cashed in Nevada. The $50,232 check from American Hardware was meant for a Georgia supplier but later showed a new payee and was cashed in Las Vegas, reports the Observer-Reporter. Court papers say Cassandra A. Medina, 33, faces felony charges including identity theft and using an access device without authorization after the payee line was changed from Jones Stephens Corporation to her name. Investigators say she made multiple wire transfers after cashing the check, and no other people have been charged so far.…
In brief India’s securities regulator SEBI, alongside the RBI, launched “Demat 2.0,” a pilot to issue and settle corporate bonds as digital tokens on a permissioned ledger run by depositories NSDL and CDSL, targeting a $620 billion market. Three issuers—REC, Larsen & Toubro and IIFL Finance—have raised a combined 1,025 crore rupees (~$107 million); the system links to the RBI’s wholesale digital rupee for atomic settlement, with smart contracts automating interest and redemptions. The bonds keep their legal terms, ratings and investor protections, with secondary trading and retail access planned for later phases. India has launched a pilot to issue…
The corporate Bitcoin landscape is currently dominated by a single, aggressive playbook. Companies following this model rely almost exclusively on capital markets and financial engineering—issuing debt, preferred stock, and common equity at premiums—to turn their corporate balance sheets into amplified, high-beta proxies for Bitcoin. Now, Orange Juice, a firm launched by partners at ego death capital, is introducing a brand-new corporate strategy to the mix. Rather than acting as a financial engineering vehicle reliant on capital markets, Orange Juice plans to acquire profitable American businesses, hold them indefinitely, improve their operations, and direct part of their excess cash flow into…
In brief Bitcoin Suisse plans to relocate up to half its Zug headquarters jobs abroad—as many as 60 positions, mostly back-office and administrative roles—to Bratislava or Vietnam, with the first layoffs taking effect before year’s end. CEO Andrej Majcen said the shift reflects a strategic pivot toward serving wealthy clients, family offices and institutions with services beyond crypto, backed by new licenses in Liechtenstein, Bermuda and Abu Dhabi. Majcen said the move is cost-driven, not tied to the crypto downturn, and that Zug will remain headquarters with the name unchanged. Bitcoin Suisse, one of the pioneers of Switzerland’s Crypto Valley,…
Thousands of Michigan residents are opening new enhanced driver’s licenses and state IDs that show the same unknown man’s photo and a fake birthdate instead of their own details. About 8,200 people who applied for or renewed the documents were hit by the production mix-up, reports the New York Post. State officials say vendor Idemia printed a one-day batch that used placeholder images and dates in place of real cardholder information. The photo and birthdate are generic stand-ins and do not belong to any Michigan resident. Corrected cards have already been mailed free of charge to everyone affected. Anyone who…
Cross-chain protocol Symbiosis said it recovered approximately 15 BTC after an attacker exploited its native Bitcoin Bridge, but affected liquidity providers still lack compensation terms as a Sep. 13 bounty window nears its unspecified cutoff.The vulnerability was exploited at about 04:28 UTC on Sep. 11, according to the protocol’s incident statement. Symbiosis said only the Bitcoin Bridge was affected and that its other routes and components remained operational. It specifically listed routes spanning EVM chains, TRON and TON as unaffected, and said its relayer group continued operating to secure the network. The protocol said the recovered bitcoin is secured in…
In brief TRM examined roughly $52.7 million across 198.9 million x402 settlements. Screening out self-payments and other anomalous flows left $25.62 million in likely commerce. Agents accounted for a small share under TRM’s models, which cannot conclusively distinguish them from scripts. Most payment volume on Coinbase’s x402 protocol isn’t coming from AI agents, according to blockchain intelligence company TRM Labs.TRM’s report, published Wednesday, examined $52.7 million across 198.9 million settlements processed by known x402 facilitators on Base, Solana, and Polygon since May 2025. After excluding self-payments and other anomalous flows, researchers estimated that just 0.6%–7.5% of the remaining commerce by…