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Crypto Trends

Caroline Pham, acting chairman of the Commodity Futures Trading Commission

Australia Looks To Bring Crypto Under Financial Services Framework With New Draft Legislation

by admin September 25, 2025

The Australian treasury revealed a new draft proposal for crypto firms in the country, requiring them to hold licenses and be treated as financial products.

The proposal would require crypto firms to hold financial service licenses, effectively bringing them under the wing of the country’s securities regulator, Australian Securities and Investments Commission (ASIC).

Digital asset platforms (DAPs) and tokenized custody platforms (TCPs) will fall under the same bracket as other financial intermediaries, and subject to the same licensing and consumer protection rules.

Daniel Mulino, assistant treasurer, revealed the draft legislation on Thursday. Mulino explained that the plan is to bring crypto under existing financial services rules.

“The final legislation will introduce a new framework for digital asset businesses in Australia. It will do so by extending existing financial services laws but in a targeted way,” Mulino said.

The treasury has opened the draft legislation for consultation. The consultation window is open until Oct. 24, 2025.

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September 25, 2025 0 comments

DOGE ETF crypto hype: kan Dogecoin 1 euro worden

Crypto Trends

Dogecoin ETF Scores DTCC Website Listing, Only More More Step Before It Starts Trading

by admin September 25, 2025

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A new Dogecoin ETF has reached a significant milestone on its path to launch. The fund, created by 21Shares, has appeared on a key U.S. financial platform that prepares for market trading. The Dogecoin ETF is still awaiting approval, and the final decision rests with U.S. regulators as they continue their review.

21Shares Dogecoin ETF TDOG Appears On DTCC Platform

Swiss asset management company 21Shares has placed its new Dogecoin ETF, trading under the ticker TDOG, on the Depository Trust & Clearing Corporation (DTCC) platform. By appearing on the DTCC’s “Active and Pre-Launch” list, the Dogecoin ETF is now visible to broker-dealers, who can begin operational checks, such as setting up the ticker and completing clearing procedures.

The listing mirrors what happened in the past with spot Bitcoin and Ethereum ETFs, where DTCC listings came before official trading. However, it is essential to note that this listing itself does not mean the SEC has approved the Dogecoin ETF. It is part of the standard process that sets the stage but does not guarantee the outcome.

Seeing TDOG appear on the DTCC website also highlights the rising level of institutional attention around Dogecoin. Grayscale filed a spot Dogecoin ETF shortly after the SEC delayed 21Shares’ filing. Meanwhile, Rex-Osprey launched a hybrid Dogecoin ETF last week, which saw higher-than-expected trading on its first day.

A listing like this helps confirm that investor demand is strong enough to support such a product; however, the actual launch still depends on the subsequent regulatory step. If approval comes and trading begins, TDOG ETF could increase confidence in Dogecoin as a legitimate asset and expand its role in the cryptocurrency market.

SEC Approval Remains The Final Step Before Trading

Although the Dogecoin ETF now appears on the DTCC platform, it cannot trade without approval from the SEC. The regulator is carefully reviewing the filing from 21Shares to ensure it meets all requirements. Even with the DTCC listing, the ETF’s legal status remains unchanged. The DTCC step is progressing, but trading will only commence once the SEC gives its official approval.

The process at the SEC usually involves public comment periods, agency feedback, and detailed compliance checks. It can take time, and approval timelines are often unpredictable. The SEC has already pushed back its decision once, noting it needed more time to review the fund’s compliance with Nasdaq’s rules.

If the SEC grants approval, the Dogecoin ETF would be listed on U.S. exchanges, providing investors with direct exposure to Dogecoin in a regulated product. The 21Shares Dogecoin ETF (TDOG) is now available on the DTCC platform. For now, the TDOG ETF is still under review. Its future depends entirely on the SEC’s decision, which is the final step before it can trade.

DOGE price starts climb above $0.24 | Source: DOGEUSDT on TradingView.com

Featured image from DALL.E, chart from TradingView.com

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September 25, 2025 0 comments

Crypto Trends

Philippines Turns to Blockchain After Mass Protests Over Corruption

by admin September 25, 2025

In brief

Integrity Chain, built by BayaniChain, logs DPWH contracts and milestones as digital assets validated by independent civic groups.
The launch follows protests on September 21, during which 130,000 people demanded accountability over $33 billion in alleged infrastructure corruption.
The project aims to rebuild trust using cryptography and open validation systems.

The Philippines has launched a blockchain-based transparency system for its Department of Public Works and Highways after mass protests over alleged corruption in flood-control projects worth billions.

Integrity Chain, developed by BayaniChain Ventures, was unveiled on Wednesday as a platform to record DPWH contracts and project milestones on a tamper-proof ledger.

The goal is to turn “government records into digital public assets that are immutable, verifiable, and openly validated,” BayaniChain CEO and co-founder Paul Soliman told Decrypt.

Once expanded from the DPWH to other agencies, the initiative could later help “protect the entire annual budget of the Philippines,” estimated at roughly $98 billion, he said.

The project is part of a broader effort “to reshape accountability across every department and every peso spent,” making accountability “permanent, measurable, and unavoidable,” Soliman said.

“Public trust will be rebuilt not on promises, but on cryptography, open validation, and a system where citizens themselves can verify outcomes,” he added.

The rollout comes in the wake of mass protests drawing an estimated 130,000 people on September 21, which marked the 53rd anniversary of martial law declared by former President Ferdinand Marcos Sr., father of the current president. The declaration is remembered for widespread human rights abuses, censorship, and corruption.

Protests demanded accountability after revelations of overpriced contracts, substandard construction, and ghost projects in the country’s flood-control program under the DPWH’s oversight.

Over $33 billion was allocated to flood-control projects across 15 years, according to the Australian Institute of International Affairs.

On-chain civic accountability

Similar to an earlier implementation at the Department of Budget and Management, Integrity Chain ingests data directly from DPWH systems, minting each contract, budget release, and project milestone as a digital public asset.

Prismo, the orchestration layer, manages data handling, encryption, and validation. The platform runs on Polygon’s Proof-of-Stake network, an Ethereum-compatible scaling solution that serves as its consensus and transparency layer.

The records are then cryptographically time-stamped and anchored on-chain before reaching independent validators, so that “any attempt to withhold or manipulate information becomes visible rather than hidden,” Gelo Wong, chief growth officer and co-founder at BayaniChain, told Decrypt.

Validators include independent civic organizations, non-governmental organizations, universities, and media groups, among other sectors. These validators would review and attest to the entries, with their own actions logged as public records to maintain accountability.

Keys for validators are “hardware-secured, rotated periodically, and assigned to reviews through randomization,” with each validator action “recorded on-chain as its own public asset, ensuring that misconduct or bias is transparently logged,” Wong explained.

Asked about safeguards, Wong pointed to the framework’s one-organization-one-vote model, which prevents any sector from dominating the process. More than 40 non-governmental organizations participated at launch, providing a “wide and diversified base of civic accountability,” he added.

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September 25, 2025 0 comments

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BNB chain gets Griffin AI tool for chat-controlled DeFi

by admin September 25, 2025

Griffin AI has launched a tool that allows users to execute DeFi transactions using natural language commands.

Summary

Griffin AI launches Transaction Execution Agent, enabling users to interact with DeFi in natural language
The agent will work on BNB and be able to interact with DeFi platforms such as Pancakeswap

DeFi has long suffered from an accessibility issue, especially for new users. However, AI could be a potential solution. On Tuesday, Sept. 23, Griffin AI announced the launch of its Transaction Execution Agent Turbo on the BNB chain.

The AI agent will enable users to interact with DeFi platforms and wallets through natural language commands. For instance, users will be able to ask the agent to “swap 30% stablecoin to BNB,” or “earn yield on idle USDT,” among other commands. The agent will then produce smart contracts that are ready for the user to review and sign.

At its launch, the model will enable token swaps through platforms like PancakeSwap and 1inch, lending and earning on Aave v3, wallet integrations and transfers, and portfolio information.

Griffin AI tackles complexity on BNB

Critically, the model defaults to deterministic logic whenever possible, only utilizing large language models for ambiguous inputs. This ensures that the agent minimizes the risks of LLM hallucinations, which can lead to financial losses when used in the DeFi context.

“BNB Chain has the reach and cost profile for mainstream DeFi adoption,” said Oliver Feldmeier, Founder & CEO of Griffin AI. “But for many, the space is still too complex, full of tabs and the constant fear of a misclick. TEA Turbo changes that. It meets users where they already are, transforming fragmented workflows into a single, intuitive chat interface, so they can navigate DeFi with simplicity and confidence.”

Griffin AI’s TEA Turbo model also operates on a self-custodial model, which safeguards users from counterparty risks and hacking attacks.

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September 25, 2025 0 comments

Crypto Trends

How State Channels Can Reclaim a Decentralized Web

by admin September 25, 2025

More than ever we are at the mercy of platform-based giants like Google and Amazon, who act as digital landlords. We have become cloud-serfs, giving our data and producing trillions in value for algorithms we will never own.

Over 80% of Netflix viewing is dictated by its recommendation algorithm, and Amazon is far from a neutral marketplace — its matching engine gives preferential treatment to Amazon’s own products, and third-party sellers pay up to 50% of their revenue in fees for the privilege of competing for Amazon’s customers.

The promise of Web3 was a world beyond these digital landlords.

Reclaiming the Web3 thesis

Web3, as defined by Ethereum co-founder Gavin Wood in 2014, was a “post-Snowden web” — an antidote to centralized control built on peer-to-peer trust.

Gavin’s architectural vision has been twisted.

Ethereum created “more individual millionaires than any other project” and together with the rest of the ICOs wave shifted the focus from technological principles to financial gains.

Billions of dollars were channeled into speculative ICOs, up to 90% of which suffered major losses or became defunct within a year. This culminated in the 2021 bull market, where the crypto market cap briefly touched $3 trillion, and “Web3” was diluted into a catch-all marketing term to attract investors.

The mission of building a trustless, peer-to-peer internet would for a time being be buried under layers of hype.

Intermediaries no more

The power of centralized platforms stems from their role as a trusted intermediary.

You trust Amazon to handle payments and arbitrate disputes with the sellers; you trust Google to vet, rank and present information. This trust-as-a-service model creates a golden cage: the intermediary owns the rules, the data and a significant cut of the value exchanged.

Early Web3 attempted to solve this problem with on-chain transactions, where every interaction is a public, permanent record. But this is like asking a global commerce system to run a single, congested highway. Real-world commerce requires an infrastructure that can match its speed and complexity — not everything should be an on-chain transaction.

State channels present a superior infrastructure

Think of a state channel as a high-speed, private lane between two parties that bypasses the congested blockchain. Thousands of interactions — value transfers, data permissions and contract updates — can happen instantaneously and for free, with each step cryptographically signed.

The primary barrier to peer-to-peer digital commerce has been the risk that one party won’t fulfill their side of a deal. State channel (ERC-7824) design eliminates this risk without sacrificing efficiency. Before transacting, parties commit funds to an on-chain smart contract. This acts as a security deposit. If one party walks away, their committed on-chain funds ensure the other party is made whole. By settling profits and losses in near real-time, the system removes the need for a trusted central intermediary.

For commerce: instead of renting space on Amazon’s platform and paying up to 50% in fees, a buyer and seller open a direct channel governed by an impartial smart contract.
For data: instead of surrendering your life story to Google, you open a channel with an app, granting temporary, paid access to your data and revoking it at will.

This combination of on-chain security and off-chain efficiency enables a new creation: the autonomous enterprise. This is a system where business logic is encoded onto smart contracts, executed transparently and operating globally without the need for a traditional corporate structure.

Bitcoin removed the need to trust the government’s money printing. Ethereum removed the need to trust people to enforce contracts. Now it’s time to remove the need for people to blindly trust platforms.

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September 25, 2025 0 comments

Crypto Trends

Australia Drafts Law to License All Crypto Exchanges

by admin September 25, 2025

Australia is aiming to tighten regulations around crypto service providers, with draft legislation that would extend finance sector laws to crypto exchanges.

Assistant Treasurer Daniel Mulino told a crypto conference on Thursday that the legislation is “the cornerstone of our digital asset roadmap,” which the Albanese Government released in March.

“This is a preliminary version of the legislation, and we are seeking stakeholder feedback on its effectiveness and clarity before proceeding further,” he said.

Currently, crypto exchanges that simply facilitate trading assets like Bitcoin (BTC) need only register with the Australian Transaction Reports and Analysis Centre (AUSTRAC), which has 400 crypto exchanges registered on its books, many of which are inactive.

Draft law to make two new financial products

Mulino said the draft legislation would create two new financial products under the Corporations Act, a “digital asset platform” and a “tokenized custody platform.”

“This means digital asset platform and tokenized custody platform service providers will need to hold an Australian Financial Services License,” he said.

The license would register all exchanges with the Australian Securities and Investments Commission. Currently, only exchanges that sell “financial products,” such as derivatives, must register with the corporate regulator.

Daniel Mulino addressing the Global Digital Asset Regulatory Summit virtually on Thursday. Source: Digital Economy Council of Australia

Mulino added that the legislation has “targeted rules for key activities,” such as wrapped tokens, public token infrastructure, and staking.

Crypto platforms will also be subject to “a suite of obligations designed to accommodate the unique characteristics of digital assets,” Mulino said, including standards for holding crypto and settling transactions.

Related: ASIC eases licensing rules for stablecoin distributors in Australia

“Failures of digital asset businesses have highlighted the consumer risks, particularly where operators pull and hold client assets without consistent safeguards,” he added.

“This is about legitimizing the good actors and shutting out the bad. It is about giving businesses certainty and consumers confidence.”

Heavy penalties, but “low risk” platforms exempt

Breaches of the law are set to carry penalties of up to 16.5 million Australian dollars ($10.8 million), three times the benefit obtained or 10% of annual turnover — whichever is greater — according to a Treasury press release.

Platforms dubbed as “smaller, low-risk,” which hold less than 5,000 Australian dollars ($3,300) per customer and facilitate less than 10 million Australian dollars ($6.6 million) a year, will be exempt from the rules.

The Treasury said the exemption is consistent with the approach to financial products such as non-cash payment facilities, adding the legislation doesn’t look to impose new rules on crypto issuers or those that create or use crypto for non-financial purposes.

Magazine: The one thing these 6 global crypto hubs all have in common…

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September 25, 2025 0 comments

Crypto Trends

‘Crypto Dad’ Speaks Out About Breakthrough Regulatory Cooperation

by admin September 25, 2025

High-stakes roundtable
On the same page?

Chris Giancarlo, who is colloquially known as ‘Crypto Dad,’ recently took to the X social media network to highlight the upcoming roundtable between the SEC and the CFTC.

He will be responsible for guiding the upcoming discussion about the history of the relationships between the two agencies.

The list of panelists will include Kenneth Bentsen (SIFMA), Craig Lewis (Vanderbilt University), Scott Litvinoff (Interactive Brokers), and others.

High-stakes roundtable

According to a Tuesday announcement, a joint roundtable between the CFTC and SEC will take place on Sept. 29.

The purpose of the roundtable is to discuss aligning regulatory oversight across both agencies (particularly when it comes to financial markets and crypto markets).

The roundtable will have three segments: reviewing previous collaboration between the two influential agencies, looking at how regulatory coordination impacts market operators (like exchanges, brokers), and discussing various challenges and opportunities that could potentially arise from better collaboration.

‘Crypto Mom’ Hester Peirce will be giving the closing remarks.

On the same page?

Historically, the SEC and CFTC have had rather conflicting views when it comes to regulating crypto and financial products.

Hence, a coordinated approach could make regulations clearer, more predictable, and less fragmented. This is a big deal for traders, exchanges, and institutional investors.

Giancarlo calls it an “exciting new day,” which certainly shows how optimistic he is about the new development.

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September 25, 2025 0 comments

Crypto Trends

Thanks to Bitcoin 40% More People are Millionaires as Crypto Market Hits $3.3 Trillion

by admin September 24, 2025

The global population of crypto millionaires has reached 241,700, up 40% in the past year, according to the Crypto Wealth Report 2025 by Henley & Partners.

The surge coincides with a broader rally that lifted total digital asset market capitalization to $3.3 trillion in June, a 45% increase year-on-year, the report, featuring data from global wealth intelligence firm New World Wealth, said.

Bitcoin remains the main driver of wealth creation in the sector.

Holders with portfolios above $1 million in BTC climbed 70% to 145,100 year-over-year. At the upper end, 450 individuals now hold at least $100 million in crypto, while 36 billionaires control even larger stakes.

The report points to a shift in how digital assets are used, with Bitcoin increasingly treated as collateral rather than a speculative play. This evolution, observers say, is transforming the token into the base layer of a parallel financial system.

“Bitcoin is becoming the foundation of a parallel financial system, where [it] is not merely an investment for speculation on fiat price appreciation, but the base currency for accumulating wealth.” Philipp A. Baumann, founder of Z22 Technologies, said in the report.

Bordeless wealth

Crypto’s decentralized nature is also redrawing patterns of global wealth. Analysts note that investors are pursuing citizenship and residency programs to navigate regulatory uncertainty while securing access to banking and tax-efficient jurisdictions.

Henley’s annual Crypto Adoption Index ranks Singapore, Hong Kong, the U.S., Switzerland, and the UAE as the top five destinations for digital asset investors.

With over $14 trillion in wealth moving across borders last year, the report argues that crypto’s portability—secured by little more than a seed phrase—marks a fundamental break from centuries of place-based financial systems.

“Today, cryptocurrency has made geography optional — with nothing more than 12 memorized words, an individual can secure a billion dollars in Bitcoin, instantly accessible from Zurich or Zhengzhou alike,” said Dominic Volek, Group Head of Private Clients at Henley & Partners.

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September 24, 2025 0 comments

Crypto Trends

Cardano Marks 8 Years: The Blockchain Is Still Heating Up With Activity And Development

by admin September 24, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

During a period of notable celebration and excitement in the broader Cardano community, the major blockchain is showcasing robust momentum and development. With the blockchain sector heating up, Cardano’s on-chain activity and investor engagement are persistently growing.

8 Years Later, Cardano Continues To Thrive

In a significant development, the Cardano blockchain is marking its 8th anniversary of existence, and the network continues to thrive. Despite being around for almost a decade, the network is showing signs of continued energy and expansion.

Based on research, the network has evolved over time into a thriving ecosystem of decentralized apps, smart contracts, and an increasingly engaged community. As it commemorates this milestone, Cardano keeps pushing the envelope in terms of adoption, governance, and scalability.

Fresh developments in the blockchain’s performance indicate that it is still in its infancy and has a long way to go. According to Dave, the network has been relentless in its 8 years of existence, with peer-reviewed innovation, building a platform defined by its unparalleled reliability and security.

Cardano’s progress has been impressive, going from a visionary whitepaper to a vibrant global ecosystem. Furthermore, Dave highlighted that the foundation is more solid than ever, expressing his confidence in the blockchain witnessing its best year in the near term.

Presently, the blockchain is experiencing an explosive surge in activity, with the number of transactions conducted on mainnet skyrocketing to record levels. This massive growth in transaction count, which highlights increasing adoption and utility, was reported by TapTools on the social media platform X.

Data shared by TapTools shows that the overall number of transactions executed on the mainnet has surpassed 114 million. Interestingly, these massive transfers have a success rate of 0.73 TPS (Transactions Per Second).

Cardano transactions count over time | Source: Chart from TapTools on X

Such a huge transaction count marks the heightened engagement across DeFi, staking, and real-world applications building on the blockchain. With developer trust in the platform and consumer demand growing rapidly, the development could position the network as a major player in the next wave of blockchain expansion.

A Climb In Global Sentiment Hierarchy

According to a report from Mintern, Cardano has climbed up the global charts in community sentiment. This move up reinforces its standing as one of the blockchain ecosystems that receives the most active support and attention.

After moving up the ranks, potentially due to its heightened engagement, the network is now positioned at the 7th spot in global community sentiment. In addition, ADA has one of the most robust and upbeat communities among the Top 10 cryptocurrencies. Thus, the blockchain is showing its ability to stay relevant in a landscape that is becoming highly competitive.

At the time of writing, ADA was trading at $0.81, demonstrating a more than 7% decline in the past week. CoinMarketCap data shows that its trading volume has also fallen by over 26% in the past day, indicating growing bearish investor action.

ADA trading at $0.81 on the 1D chart | Source: ADAUSDT on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com

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September 24, 2025 0 comments

Crypto Trends

ATM Operator Athena Bitcoin Accused of Stealing Copyrighted Source Code

by admin September 24, 2025

In brief

AML Software is suing Bitcoin ATM operator Athena Bitcoin
Athena allegedly tried to steal AML Software’s source code.
Athena also faces allegations of profiting from elderly scams.

AML Software, a company registered in Illinois, has sued Athena Bitcoin, accusing the Bitcoin ATM operator of trying to steal its source code, according to a complaint filed on Tuesday.

In the 16-page document, AML Software alleged that Athena engaged in copyright infringement, the misappropriation of trade secrets, and “a number of other unlawful acts,” while allegedly trying to overtake 3,000 machines from a third party starting in 2023.

Decrypt has reached out to Athena and AML Software’s lawyers for comment.

AML Software develops code that powers Bitcoin ATMs, and in its complaint, the company described that as “guts” of various machines letting customers exchange cash for crypto. The lawsuit notes that AML Software’s code is copyrighted.

The complaint named several defendants, including Jordan Mirch, who allegedly supervises and controls companies misappropriating AML’s Software in conjunction with Athena. The complaint alleges that Mirch was the“motivating force” behind the scheme.

Decrypt could not reach Mirch for comment.

Years ago, a company called SandP Solutions found itself in a difficult situation, the complaint said. The company was prohibited from operating Bitcoin ATMs in Ohio, making it difficult for it to turn a profit on 2,800 Bitcoin ATMs, the complaint added.

As the CEO of Taproot Acquisition Enterprises, Mirch allegedly managed to obtain SandP Solutions’ Bitcoin ATMs “through fraudulent misrepresentations to [the company] and other unlawful conduct,” which is subject to a separate lawsuit in Illinois.

The machines obtained by Mirch were allegedly being powered by AML Software’s code. At some point, Athena allegedly inquired about purchasing AML Software’s code, but it decided not to proceed with a deal for unspecified reasons.

An AML Software developer was then allegedly contacted by Mirch through Taproot and hired as a consultant. However, the complaint said that the individual was not hired to write new code but rather to try and “wrongfully acquire AML’s copyrighted source code.”

AML Software never authorized the sale of its code, but Mirch and Taproot allegedly set up a side deal with Athena to transfer it, along with the 2,800 ATMs, the Bitcoin ATM operator. According to Athena’s website, the firm operates 3,600 Bitcoin ATMs nationwide.

“It is believed that Athena was fully aware that the Source Code and software platform that Mirch and the Taproot Entities planned to transfer belonged to AML,” the complaint noted.

Under a $9 million settlement agreement earlier this month, Athena said that it was gaining “immediate ownership of ATMs and source code,” while eliminating a revenue sharing agreement with Taproot and its associated entities.

Athena’s stock, which trades over-the-counter, rose 5% to $0.0173 on Monday, according to Yahoo Finance. The company’s stock price has plummeted 84% year-to-date.

The company is facing a separate lawsuit in Washington, D.C., from Attorney General Brian L. Schwalb. He alleged earlier this month that Athena was profiting from scams against the elderly, while charging up to 26% in hidden fees for unwitting customers.

In some cases, local law enforcement has turned to brute force in trying to help victims recover funds lost to scams, but some U.S. courts have found the cash belongs to the ATM operator.

Although liberal lawmakers have been vocal about creating new safeguards, U.S. Senator Cynthia Lummis (R-WY) said on Tuesday that she plans to address the problem through market structure legislation being co-sponsored with Senator Kirsten Gillibrand (D-NY).

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September 24, 2025 0 comments