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Russia’s crypto industry may have all it needs to start legally functioning by year-end, according to reports.  The deputy governor of the country’s central bank, Vladimir Chistyukhin, said that regulations were moving ahead as scheduled, Interfax reported on Monday.  Russia this year has pressed ahead with crypto legislation. President Vladimir Putin in August signed a law to set in stone the regulation of digital currencies and digital rights in the country — although using bitcoin for payments is still banned.  JUST IN: 🇷🇺 The Russian Bitcoin and crypto industry may begin functioning within a legal framework before the end of…

Long-awaited crypto legislation failed last week — but Bitcoin buyers don’t seem to care.  The price of the leading cryptocurrency shot up Monday by nearly 7% over a 24-hour period, six days after lawmakers blocked the Clarity Act.  Digital asset industry bigwigs have been calling for clear rules to be put in place to regulate the fast-moving space. But the key legislation aiming to do so in the form of the crypto market structure bill didn’t progress last week after Democrats mostly disagreed with the ethics side of the bill.  Bitcoin’s price has shrugged off the bill’s collapse, and recently…

In brief Bitmine bought another 27,562 ETH, raising its holdings to 5,983,940 ETH (about $16.1 billion), or 4.9% of supply—98% of the way to its “Alchemy of 5%” goal. Chairman Tom Lee said a crypto bull market has been underway since late June, called Ethereum the best-performing macro asset of the quarter, and predicted underweight institutions will pile in during Q4. Total holdings, including cash and “moonshots,” hit $17.1 billion; Bitmine remains the top ETH treasury and second overall behind Strategy. Bitmine Immersion Technologies kept up its unbroken buying streak this week, adding 27,562 Ethereum—worth roughly $74 million—as chairman Tom…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Celestia has released v0.34.2-corto for celestia-node. The release is specifically for the Corto testnet. It should not be confused with a Celestia mainnet upgrade. Celestia developers have published another update for the network’s Corto testing environment. celestia-node v0.34.2-corto was released on September 16 as a testnet-specific prerelease for operators participating in Corto. That last part is the important one. This is not a Celestia mainnet upgrade. Corto Is Where Changes Get Exercised First Testnets exist because protocol developers need somewhere to break things safely. Node software…

In brief Bitcoin reached highs of $85,111 Monday morning, up 5.7% on the day. Brent crude hit a half-month low and the 10-year Treasury yield fell back below 5%. Some $648 million of crypto short positions were liquidated in 24 hours. Bitcoin climbed to highs of $85,111 on Monday, up 5.7% over 24 hours and clear of a resistance band it had tested for a week, per CoinGecko data.In one week Bitcoin absorbed a Federal Reserve rate hike, a Bank of Japan hike to a 31-year high, and the Senate’s rejection of the Clarity Act, and at no point traded…

In brief Four masked men broke into a house in Vendin-le-Vieil at around 4am on Sunday and bound a couple and their two children with tape. The father, a salaried IT worker in the crypto sector, was taken to a separate room and forced to hand over his access codes. Some €40,000, about $46,000, was taken. All four suspects are still at large. Four men broke into a family home in the northern French town of Vendin-le-Vieil in the early hours of Sunday, held a couple and their two children, and forced the father to transfer €40,000 in crypto, BFMTV…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Kamino Finance has appointed Michael Weisz as CEO. Weisz co-founded alternative-investment platform Yieldstreet. His role will center on U.S. expansion and institutional credit products. Kamino Finance is bringing in a CEO with a background much closer to private credit than traditional crypto. The Solana-based DeFi platform has appointed Michael Weisz, co-founder of Yieldstreet, to lead the company as it pushes further into the U.S. and institutional lending markets. That is a fairly deliberate hire. Yieldstreet built its business around alternative investments and private-market products for a…

Bitcoin entered this week (Sept. 21–27) above $80,000, but Friday’s update on Americans’ inflation expectations could test whether its rebound can withstand tighter monetary policy.The Bitcoin price stood at $80,323 in CryptoSlate’s Sept. 20 snapshot, up 4.82% over seven days and 3.82% over 30 days. That recovery leaves two questions for the coming week: whether buyers keep adding exposure, and whether inflation concerns intensify after the Federal Reserve’s latest rate increase.CryptoSlate’s 90-day forecast points to a higher median price in December. September prediction markets, however, leave room for both a rebound into the mid-$80,000s and another decline. Neither supplies a…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Balancer contributors are discussing an orderly protocol wind-down. The plan would eventually return treasury assets to BAL holders. A Snapshot vote is expected September 25–29; no vote has passed yet. Balancer is considering something DeFi protocols rarely plan for properly: how to shut down. A proposal on the Balancer governance forum lays out an orderly wind-down process that would stop new pool creation, reduce activity across the protocol and eventually distribute remaining treasury assets to BAL holders. The proposal is still at the forum stage. A…

Fraudsters used stolen debit cards on a U.S. prediction market in a bid to take at least $10 million through bets and cash-outs, according to a new report. A debit-card processor flagged the scheme to the company in February, reports The Wall Street Journal. Users linked stolen cards to Polymarket US accounts then tried to wager and pull the money into clean accounts they controlled. At one point the processor rejected more than 80% of deposits as fraudulent, far above the roughly 1% industry norm. Polymarket employees took the problem to leadership. Chief Executive Shayne Coplan told the compliance team to focus…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Aave Labs has proposed a V4 market built around institutionally custodied collateral. Bitcoin would remain with Anchorage while an on-chain receipt represents the collateral. Chainlink infrastructure would keep custody data synchronized with Aave. Aave Labs is exploring a lending structure that would let institutions borrow on-chain without first moving their Bitcoin out of regulated custody. The proposal, titled “Custodied Collateral Lending: Aave V4 Isolated Hub & Spoke,” would create a new Aave V4 setup designed specifically for assets held with institutional custodians. In the initial model,…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Lido governance is considering a contingent centralized-exchange liquidity mandate. The authorization is capped at 7.5 million LDO and $480,000 USDC. Funds would only be deployed if LDO liquidity deteriorates enough to justify intervention. Lido DAO is considering giving itself a liquidity backstop for LDO trading on centralized exchanges. The proposal would authorize a contingent market-making mandate, allowing up to $1.5 million worth of LDO — capped at 7.5 million LDO — to be made available as recallable market-making inventory. It also provides for up to 480,000…