Crypto Markets & On-Chain Ecosystem Developments

FSC Chair Peng Jin-long announced at the FinTechOn 2026 & AFA Summit on September 2 that the Virtual Asset Service Act passed its third reading on June 30, and that the FSC is currently actively drafting nine related subordinate regulations, including the highly anticipated Stablecoin regulations, which are expected to be officially announced and implemented as early as the first quarter of 2027. FSC Drafting 9 Virtual Asset Subordinate Regulations, Including Stablecoin Regulations FSC Chair Pen

According to SEC Chair Paul Atkins in a Fox Business interview on September 3, the CLARITY Act is expected to advance to a Senate vote on September 15 and pass before being sent to the president for signature. Atkins stated that U.S. regulators are advancing rules to support the crypto industry and

According to lawyer Ariel Givner, Ledger, a leading crypto hardware wallet manufacturer, faced a class-action lawsuit in the U.S. recently over a 2023 data breach. The lawsuit claims the security incident exposed customer personal information, including names, email addresses, and phone numbers,

Bank of Korea researchers Kim Ji-hyun and Cho Sang-heum published a BOK Issue Note on the 3rd analyzing the linkage between dollar stablecoins and the foreign exchange market, focusing on the role of global exchanges. The research found that increased participation by global intermediaries in Korea'

MAS published a consultation paper on September 1 proposing amendments to Singapore’s stablecoin regulatory framework and the Payment Services Act. The core requirements include requiring stablecoin issuers to maintain reserve assets equal to at least 100% of the amount in circulation, with the assets held in accounts separate from the issuers’ own funds and safeguarded only by licensed financial institutions; prohibiting the payment of interest or other returns to token holders; and ensuring th

Grayscale Research published findings highlighting Zcash's cross-chain capabilities as a private asset hub. The research indicates that Zcash can function effectively without requiring widespread merchant adoption, according to commentary shared by crypto account @NEARProtocol. This structural

According to TradingBeats, whale Loracle holds 3x short positions in CASHCAT and PONS on September 3, making it the largest on-chain short holder in both assets with positions worth $6.25 million and $4.08 million respectively. The positions are currently underwater, but liquidation safety margin r

According to The Block, a Michigan court issued a preliminary injunction against Kalshi on September 3, requiring the platform to continue blocking residents of the state from accessing sports event contracts. The injunction formalized a temporary restraining order issued in June, with violations su

According to Odaily, Pools.fun recently adjusted its fee distribution mechanism for new token pools. The platform will now allocate 90% of trading fees to token issuers and 10% to the protocol. Half of the protocol's fee revenue will be used to buy back and burn BNKR tokens. The platform is also

SCRT token climbed 9.13% in 30 minutes, reaching $0.007478 as trading activity intensified. The surge followed a 24-hour decline of 13.55%, with trading volume exceeding $6 million in the past 24 hours indicating heightened investor interest. The cryptocurrency market is displaying mixed signals

Secret token (SCRT) climbed 9.13% in just 30 minutes, trading at $0.007478, according to market data. Trading volume reached over $6 million in the past 24 hours, indicating heightened investor interest. However, SCRT posted a 13.55% decline over the same 24-hour period, reflecting mixed market

According to HTX market data, Ethereum fell below $2,400, trading at $2,399.53 with a 24-hour decline of 0.4%.

According to on-chain analyst Ai Yi, Majesty currently holds approximately $128 million in BTC and ETH long positions. The 39,100 ETH long position is underwater by $980,000, with a liquidation price of $2,342.78, approximately $60 below current price levels. The 440 BTC long position shows a

Professor Koo Seong-kwon of Myongji College spoke on September 3 at a forum titled '2027 Digital Asset Tax System Review' held at the National Assembly Members' Office Building in Yeouido, Yeongdeungpo-gu, Seoul, highlighting tax classification issues in South Korea's upcoming digital asset

Nasdaq-listed Chinese agricultural product supplier Farmmi's stock surged 350% on September 3, with Filled Amount exceeding 720 million shares—nearly 90 times the stock's average daily Filled Amount. The surge was directly related to activity involving the meme coin JINQIAN on Robinhood Chain, where JINQIAN trades on-chain against the FAMI token corresponding to Farmmi's stock ticker. Farmmi Stock Surge Data According to The Block, Farmmi (FAMI) performed as follows on September 3 (Wednesday): I

The Wyoming Stable Token Commission adopted Chainlink’s Proof of Reserve mechanism on September 3 to publish verified reserve data for the FRNT Stablecoin on-chain in near real time, exceeding the monthly disclosure minimum required by the GENIUS Act. FRNT was launched in January and is the first state-issued Stablecoin in the United States, backed by Dollars and short-term U.S. Treasuries. How the Wyoming Stable Token Commission’s Adoption of Chainlink Proof of Reserve Works According to the co

According to Maeil Business Newspaper, South Korean lawmakers and tax experts challenged the government's cryptocurrency taxation system on Sept 3, arguing it lacks fairness and legal coherence ahead of implementation in January 2027. At a parliamentary forum hosted by Democratic Party lawmaker

According to ChainCatcher, OKX founder Star recently cautioned that deposits from high-risk addresses may trigger stricter anti-money laundering and risk reviews. Depending on the circumstances, the review process could last 15 days or longer, during which account functions and funds may be

According to Sui's announcement, AlphaFi will serve as a Diamond Sponsor for Sui Basecamp on October 7-8, 2026, in Singapore. The partnership aims to accelerate the development of an institutional-grade DeFi suite for lending, staking, liquidity provision, and automated strategies on the Sui blockchain. Sui Basecamp will coincide with Token2049, positioning AlphaFi to strengthen its commitment to building robust DeFi infrastructure and attracting greater institutional interest in the ecosystem.

Gate News bot message: Gate market data shows that ETH has broken above 2,400 USDT and is currently trading at 2,400.44 USDT.