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According to Decrypt, the U.S. Department of the Treasury's Office of Foreign Assets Control has designated the Russian shadow banking network A7 Network as a significant transnational criminal organization, listing its relevant addresses in Russia, Kyrgyzstan, Nigeria, and Zimbabwe. The Financial Crimes Enforcement Network has proposed a draft rule that aims to prohibit U.S. institutions from participating in any fund transfers involving the network's "sub-agent companies," covering convertible virtual currencies and not limited to fiat currencies, which is expected to affect approximately 348,000 institutions, including several cryptocurrency exchanges.The proposal is based on six special measures granted by Section 9714 of the Countering Russian Money Laundering Act, ultimately selecting the sixth measure, which is the fund transfer ban. The fifth measure, which restricts correspondent accounts, is considered to have loopholes: research by blockchain intelligence firm TRM Labs shows that A7A5 transactions completely bypass the correspondent banking system, which the Financial Crimes Enforcement Network views as a core aspect of its business model. A7A5 is a ruble-backed token issued by Old Vector, registered in Kyrgyzstan, operating on Tron and Ethereum, with reserves held at the Russian state-owned defense bank Promsvyazbank.The Financial Crimes Enforcement Network stated that between February 2025 and June 2026, over 180 entities handled at least $17.91 billion in A7A5, which historically circulated almost entirely through the sanctioned exchanges Garantex and Grinex, often used as a non-frozen bridge to convert into USDT and then into fiat currency.

THORChain announced that the ZEC liquidity pool is now live, and the network has completed a node rotation, with all nodes beginning to monitor the Zcash chain.THORChain stated that trading functionality will be the next step; currently, liquidity is shallow, and early traders should be aware of risks such as slippage. Previously, THORChain added native support for Zcash in the protocol upgrade, including UTXO handling, RPC logic, and ZEC price oracles, and continues to advance mainnet integration.

According to The Defiant, Kinetiq announced the termination of the kPoints reward mechanism, transitioning to a paid redemption model. Users holding points have 10 days to participate in the distribution of a total of 50 million tokens at a price of $0.26 per KNTQ.Based on this price, if the full allocation is distributed, this issuance could bring approximately $13 million in revenue to the project team. Meanwhile, the market price of KNTQ has dropped by 23%, as the token shares that could previously be obtained through point accumulation now require actual payment to acquire.

NEAR Protocol posted on platform X that Sal Ternullo, CEO of NEAR Treasury Company SVRN, has introduced a new proposal on the NEAR governance forum to reduce the maximum annual token issuance rate from 2.5% to 1.6% for a duration of 24 months, and to lower the staking yield from the current approximately 5.4% to about 3.5%.The proposal is currently seeking feedback from validators, House of Stake delegators, and NEAR community members, with a complete plan expected to be announced next week for voting.In response to the recent NEAR Intents security incident, NEAR Protocol further clarified that the blockchain network is operating normally, and the related incident was not caused by vulnerabilities in NEAR Protocol or the native token NEAR. The NEAR Protocol network continues to produce blocks and process transactions without any downtime.

According to Cointelegraph, the New York State Department of Financial Services (NYDFS) and the Wyoming Division of Banking announced the signing of a Memorandum of Understanding (MOU) to coordinate the regulation of cryptocurrency companies operating in both jurisdictions, covering license approvals, inspections, and potential enforcement actions. This agreement applies to businesses already regulated in either state, as well as companies seeking approval in both locations simultaneously.Under the agreement, the regulatory agencies in both states will share analytical results and historical inspection data to streamline the application process, coordinate inspection timelines, and promote joint inspections of companies operating across state lines. For businesses already regulated in one of the states, holding an existing license or charter for at least three years, and not subject to enforcement actions, the agreement provides an expedited approval pathway, with the second regulatory agency striving to make a decision within six months.The MOU also establishes a mechanism for sharing regulatory reports, market trend data, and notifications of potential enforcement actions, with regulatory agencies regularly sharing investigative information and being able to take joint, coordinated, or separate enforcement actions. This move connects two states that have historically taken different approaches to cryptocurrency regulation: New York has maintained the BitLicense regime since 2015, while Wyoming has accommodated digital asset businesses through cryptocurrency-related laws, regulations, and specialized banking charters.

According to Gate market data, both WTI and Brent crude oil have risen, with intraday increases of over 2%, currently reported at $91.2 per barrel and $99.4 per barrel, respectively. Spot gold has dropped nearly $20 in the short term, currently reported at $4,155.83 per ounce.

AI native cloud platform GMI Cloud announced the completion of a new round of financing totaling $668 million, including $223 million in Series B equity financing and $445 million in credit financing, led by the investment company ARCHIV, with participation from NVIDIA.The company stated that its inference platform processes approximately 40 trillion tokens per week, with clients including Fireworks, Nous Research, OpenRouter, Trend Micro, and others.

U.S. Senator Steve Daines (Republican from Montana, member of the Senate Finance Committee) has officially introduced a 56-page digital asset tax bill, named the "Aligning Digital Assets with Tax Principles Act" (ADAPT Act). The bill aims to establish clearer tax rules for scenarios such as stablecoin payments, network fees, staking, and lending, and plans to extend existing tax rules like wash sales and constructive sales to apply to digital assets.The core provisions of the bill state that taxpayers generally do not need to recognize gains or losses when using compliant U.S. dollar stablecoins to purchase goods and services, while exempting brokers from information reporting obligations for qualifying consumer transactions; however, this exemption does not apply to traders and market makers. The bill also extends wash sale rules and constructive sale rules to digital assets, with compliant stablecoins excluded from the constructive sale provisions to limit loss harvesting behavior in crypto assets.Additionally, the bill proposes to exempt digital assets used to pay for network, transaction, or gas fees of $10 or less from gain or loss recognition and allows qualifying digital asset traders and dealers to choose to account for them at fair market value. The bill also stipulates rules for income sources from staking and mining, a non-recognition framework for digital asset lending, a safe harbor for foreign investors' transactions, and definitions for digital asset classifications; most provisions will apply to tax years or transactions after December 31, 2026. Previously, the U.S. House Ways and Means Committee passed its own "Digital Asset Tax Certainty Act" on September 16 by a vote of 38 to 5.

According to monitoring by Catcher Predict, in the market prediction event on Polymarket "Dota 2: Team Nemesis vs Natus Vincere - BLAST Slam Group B", the "Team Nemesis" option in the sub-market "Match Winner" has experienced a sharp fluctuation in win rate, dropping from 54.5% an hour ago to the current 36.5% (a fluctuation of 18%). Please note the impact of related breaking news.

Bitcoin News posted on platform X that the Box 3 tax bill currently under consideration in the Dutch parliament proposes to tax the actual annual returns on investments, including the appreciation of unsold assets. The Dutch Tax Authority explicitly includes cryptocurrency assets held in personal wallets, exchanges, or third parties when calculating actual returns.The Dutch government is studying a shift to a capital gains tax system, which would tax the appreciation of assets when gains are realized, but stated that the existing proposal for 2028 remains the basis during the review of relevant adjustments.The bill has been passed by the House of Representatives and is still awaiting review by the Senate, with the final system potentially subject to adjustments before 2028.

According to The Block, the crypto advocacy organization supported by Coinbase, Stand With Crypto, has announced its first round of Senate candidate endorsements.The organization stated that it will endorse Ohio Republican Senator Jon Husted, whose opponent is the crypto-skeptical former Senate Banking Committee Chairman Sherrod Brown. Additionally, it will endorse Ashley Hinson from Iowa and Chris Pappas from New Hampshire.This endorsement comes after the Senate's procedural vote on September 15 failed to pass the Clarity Act, which aims to establish a federal regulatory framework for the industry.Senate Democrats stated that they could not vote for a bill that would allow President Trump to profit personally from the crypto industry. Stand With Crypto's Executive Director Mason Lynaugh mentioned that after the Senate's recent failure to advance the Clarity Act, the organization’s more than 3 million advocates are fully shifting their focus to ensuring the election of candidates who support crypto.In addition to the Senate endorsements, Stand With Crypto also stated that it will increase advertising spending in six House campaigns, including those of Democratic Congressman Don Davis and Republican Congressman Bryan Steil.These newly endorsed House candidates all voted in favor of the Clarity Act when it passed the House last year. The organization has also endorsed more House candidates, including Congressmen Shomari Figures and Mariannette Miller-Meeks.

Tianfeng International Securities analyst Guo Mingqi published that his latest supply chain check shows that NVIDIA has begun testing fiberglass-free copper-clad laminates primarily made of hydrocarbon resin to replace the previously tested fiberglass-free PTFE copper-clad laminates, along with fiberglass-free hydrocarbon prepregs. The test aims to confirm whether this combination can meet the requirements of the Rubin Ultra NVL576 exchange tray PCB. NVL576 is an eight-rack interconnection solution expected to enter mass production in the second half of 2027.Guo Mingqi stated that preliminary tests conducted to enhance PCB manufacturability show that the fiberglass-free hydrocarbon copper-clad laminate has met the high-frequency electrical requirements of the exchange tray. Its electrical performance lags behind the original PTFE solution but is better than the M9 level solution and exceeds the M10 published specifications. This result does not represent the final material selection, indicating that NVIDIA is still seeking higher PCB manufacturing yields and production efficiency while meeting electrical requirements.Guo Mingqi mentioned that Shengyi Technology is currently the leading supplier for the NVL576 exchange tray material evaluation, with related materials including fiberglass-free PTFE copper-clad laminate SG5300N, fiberglass-free hydrocarbon copper-clad laminate SG1030N, and fiberglass-free hydrocarbon prepreg SIF09. SG1030N and SIF09 still contain a small amount of PTFE. He also stated that once specifications are confirmed and mass production begins, Shengyi Technology is expected to accelerate procurement from Chinese hydrocarbon material suppliers such as Dongcai, Shengquan, and potential supplier GCH Technology.

According to The Block, the prediction market platform Kalshi will terminate its trading volume incentive program, effective no earlier than October 13. This information comes from documents submitted by Kalshi to the Commodity Futures Trading Commission (CFTC).The program pays rewards to traders from a reward pool based on their share of qualified trading volume, aimed at enhancing liquidity. Kalshi is an event contract trading platform regulated by the CFTC.

According to monitoring by Catcher Predict, in the market prediction on Polymarket for the event "Dota 2: 1win vs Natus Vincere - BLAST Slam Group B," the "1win" option in the sub-market "Match Winner" has experienced a sharp fluctuation in winning probability, dropping from 45.5% an hour ago to the current 28.5% (a fluctuation of 17%). Please note the impact of related breaking news.

According to CoinPost, the National Tax Agency of Japan officially launched the first upgrade of its next-generation core system KSK2 on September 24, marking the first upgrade in about 25 years. The new system centers around personal identification numbers (My Number) and corporate identification numbers, achieving unified management of individual and corporate data, and introducing AI technology to enhance the detection of improper declarations.Cryptocurrency traders and investors are particularly affected, as annual transaction reports submitted by exchanges, bank account deposit and withdrawal records, and information exchange with overseas tax authorities (CRS) data have all been included in the key analysis scope of AI.In addition, statements related to "cryptocurrency profits" on social media will also be compared with declaration data, significantly increasing the risk of tax investigations. The National Tax Agency has also integrated horizontal data between corporations and individuals, making it easier to identify inconsistencies in assets and income for investors who purchase cryptocurrencies through private company investments or with funds from gifts and inheritances.Industry insiders emphasize that properly retaining annual transaction reports and accurately and completely declaring them has become an urgent priority.

The political action committee (PAC) Defend American Jobs, allied with the cryptocurrency industry and primarily funded by the industry, disclosed in documents submitted to the Federal Election Commission (FEC) that it has spent $11.4 million on media advertising to support Republican Jon Husted and oppose Democrat Sherrod Brown in the campaign for the Ohio U.S. Senate seat.This PAC is affiliated with Fairshake, which is supported by Coinbase and Ripple Labs. This advertising expenditure is part of Fairshake's commitment to initially invest $30 million to prevent Brown from returning to the Senate. Brown, a former chairman of the Senate Banking Committee, is one of the critical voices in Congress regarding cryptocurrency legislation and policy.In the 2024 Ohio Senate election, the showdown between Brown and Republican Bernie Moreno attracted over $300 million in spending from external groups like Fairshake, with cryptocurrency-related PACs and their affiliates spending about $41 million opposing Brown and supporting Moreno, who ultimately won with 50.2% of the vote. Husted's seat was appointed by Ohio Governor Mike DeWine, succeeding JD Vance, who was elected as the Vice President of the United States in 2024.

A survey by the Democratic Party of the U.S. Senate claims that the stablecoin USDT issued by Tether has become a major payment method for Iran. The survey shows that among over 800 sanctioned cryptocurrency wallets, about 84% primarily or exclusively use USDT.The U.S. Senate Permanent Subcommittee on Investigations had previously stated that its review of blockchain records, sanctions lists, and asset seizure notices found that the sanctioned wallets are mainly distributed across the Tron and Ethereum networks and have conducted USDT transactions.

Bitget's Greater China Regional Head, Xie Jiayin, recently addressed community concerns during a live broadcast. He reflected that since Bitget's establishment 8 years ago, user asset security has always been the top priority, successfully resisting multiple attempts of cyber attacks and maintaining a long-term record of secure operations. This incident marks the first security crisis in the platform's 8-year development history.Upon complete tracing, this incident is classified as a special attack targeting a third-party security software supply chain. The attacker exploited vulnerabilities in third-party products to obtain internal network credentials; however, private keys were not leaked, and cold wallet assets were unaffected. Currently, Bitget has partnered with security agencies Mandiant and SlowMist to conduct an independent review and will comprehensively upgrade the monitoring and management standards for third-party components. We are not only committed to promoting a full recovery following this incident but will also contribute to a safer, more robust, and healthier development of the industry through continuous technological iteration and system upgrades.