The DOJ is reportedly considering lifting a three-year compliance monitor imposed under Binance’s $4.3 billion settlement. Binance is reportedly in talks with the US Department of Justice (DOJ) to remove a key oversight measure from its 2023 settlement agreement — a change which, if approved, could ease regulatory and compliance pressures on the cryptocurrency exchange. According to Bloomberg, which cited people familiar with the discussions, the DOJ is weighing whether to lift the requirement that Binance be overseen by an independent compliance monitor. The monitor was imposed for a three-year period as part of a $4.3 billion settlement Binance reached with the DOJ in 2023, following allegations of multiple compliance failures, including insufficient safeguards against money laundering. Read more
Circle is now a HYPE holder, has introduced native USDC to Hyperliquid and is considering becoming a network validator. Stablecoin issuer Circle is expanding into Hyperliquid with an investment and the launch of native USD Coin on the protocol, as stablecoin competition on the network intensifies. According to a Tuesday announcement, Circle is now a stakeholder in the Hyperliquid ecosystem, directly holding its native cryptocurrency Hyperliquid (HYPE). Circle is also considering becoming a validator for the protocol. The company, which went public on June 5, is behind the USDC (USDC) stablecoin, a digital asset redeemable 1:1 for US dollars. The token will be natively deployed on HyperEVM, Hyperliquid’s smart contract layer. Read more
Cipher, Terawulf, Iris Energy, Hive and Bitfarms rallied sharply in September, outpacing Bitcoin despite tightening mining economics and weaker onchain activity. Bitcoin mining stocks extended their recovery in September, outpacing Bitcoin even as industry economics remain under pressure and hardware payback periods stretch longer. According to The Miner Mag’s latest industry update, shares of Cipher Mining (CIFR), Terawulf (WULF), Iris Energy (IREN), Hive Digital Technologies (HIVE) and Bitfarms (BITF) surged between 73% and 124% over the past month. By contrast, Bitcoin (BTC) slipped more than 3% over the same period. The rally in mining stocks comes despite continued pressure on industry fundamentals. The Bitcoin network’s next difficulty adjustment is projected to rise another 4.1%, which would “mark the first epoch with an average hashrate above the zetahash mark,” The Miner Mag reported. Read more
The company’s chief legal officer urged federal officials to push Congress for certain provisions in a pending market structure bill to prevent what it called “state blue-sky laws.” Cryptocurrency exchange Coinbase is pressing the US Department of Justice to step in over state-level crypto enforcement after federal regulators abandoned their case against the company earlier this year. In a 14-page letter sent Monday to the Department of Justice (DOJ), Coinbase Chief Legal Officer Paul Grewal said federal officials should take action in response to state-level enforcement directed against cryptocurrency companies. According to Grewal, the DOJ should urge Congress to “step in and enact broad preemption provisions.” “When Oregon can sue us for services that are legal under federal law, something’s broken,” said Grewal in a Tuesday X post. “This isn’t federalism--this is government run amok.” Read more
Santander’s digital bank has launched crypto trading in Germany, with a rollout to Spain planned as Europe’s largest lenders accelerate crypto services. Grupo Santander’s digital bank Openbank is expanding in Europe with a new offering for German clients amid rising demand for crypto assets. The bank said Tuesday that customers in Germany can now buy, sell and hold Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Polygon (POL) and Cardano (ADA) directly on its platform. According to Santander, the new service integrates crypto alongside Openbank’s existing investment products, eliminating the need for third-party platforms and operating under the European Markets in Crypto-Assets Regulation (MiCA) framework. Read more