SEC staff clarifies an important point for crypto networks
A new SEC staff FAQ published on September 25 gives more clarity on how the Howey test can apply once a crypto network is already functional.
The key point is simple:
Once a crypto system is functional, activities such as securing, maintaining, improving or enhancing the network generally would not be considered “essential managerial efforts” under the SEC staff’s interpretation.
That matters because the Howey analysis focuses on whether buyers are relying on the essential managerial efforts of others to generate expected profits.
So t

AFx_Cryptoa day ago

SEC Commissioner Hester Peirce is questioning one of the biggest assumptions in financial compliance: more data doesn’t always mean better security.
In recent remarks, Peirce pointed out that continuously collecting more personal and transaction data can create a massive “haystack” where finding the actual risks becomes even harder.
Her alternative idea is interesting: zero-knowledge proofs (ZKPs).
Instead of revealing all your personal information, ZK technology could allow someone to prove that they meet a specific compliance requirement without exposing the underlying data.
For example, the

ZK-0.14%

AFx_Crypto2 days ago

🇺🇸 $4.08B Treasury Buyback — Why It Matters
The U.S. Treasury has just repurchased around $4.078 billion of its own debt through its buyback program.
The operation was part of a broader effort to improve liquidity and trading conditions in the Treasury market.
The important part is what happens next.
When the Treasury buys securities, the investors selling them receive cash. That money can then move elsewhere across the financial system, including into other investments.
It doesn’t mean $4B is suddenly flowing directly into Bitcoin or stocks. But when financial liquidity improves, risk asset

BTC+0.16%

AFx_Crypto2 days ago

USDT Is Coming Deeper Into Bitcoin ⚡
Tether CEO Paolo Ardoino says USDT is moving further into the Bitcoin ecosystem, strengthening the connection between the world’s largest stablecoin and Bitcoin’s infrastructure.
Tether has been working on bringing USDT to Bitcoin through technologies such as Taproot Assets, the Lightning Network, and RGB.
The bigger picture is simple:
Bitcoin isn’t only being treated as a store of value its infrastructure is becoming a settlement layer for stablecoins too.
If USDT gains broader use across Bitcoin-based infrastructure, it could open new possibilities for p

BTC+0.16%

USDT0.00%

AFx_Crypto3 days ago

BTC: I’m finally going to the moon.🚀
Market: Sure bro… first survive this dip. 💀
$BTC pulled back from the $87K area, and suddenly every altcoin remembered that gravity exists.
ETH: -3%
BNB: -2%
XRP: -6%
SOL: -3%
Crypto traders right now:
Yesterday: Bull market is back. 🤑
Today: “Guys… what happened?” 👀
Same market.
Different candle. 😂
Stay calm, watch the levels, and don’t let one red day rewrite your whole thesis.
DYOR. NFA.

BTC+0.16%

AFx_Crypto3 days ago

AI Agents Could Create a New Demand for Stablecoins
One of the more interesting crypto developments right now isn’t coming from Bitcoin price action. It’s coming from the intersection of AI and blockchain payments.
BlackRock’s latest research looks at a future where AI agents can operate more independently buying data, accessing APIs, renting computing power and paying for services without a human approving every transaction.
That creates a different type of payment requirement.
AI agents may need to make small, frequent and 24/7 payments. Traditional bank transfers and card networks were prim

BTC+0.16%

BLK+1.32%

AFx_Crypto2026-09-23

$1T+ Financial Revenue Could Shift by 2030
SharpLink CEO Joseph Chalom says the convergence of AI, stablecoins, RWAs and DeFi could reshape how more than $1 trillion in annual financial-services revenue is distributed by 2030.
The bigger story isn’t simply creating new revenue.
It’s how blockchain-based infrastructure could change the way existing financial activity is delivered, settled and accessed.
AI + Stablecoins + RWAs + DeFi could become a powerful combination for the next phase of financial markets.
The opportunity is significant, but the timeline and scale remain projections.
DYOR.
#B

SBET-3.12%

AFx_Crypto2026-09-23

😂 BTC: Survived $80K… now $90K is calling.
$BTC around $86K.
$87.5K → breakout 👀
$90K → big test 🚀
$84–85K → key support
#GateRanks6thAmongGlobalCEX
Where are we going this week?

BTC+0.16%

AFx_Crypto2026-09-22

Nasdaq × Pyth: Market Data Moves On-Chain
Nasdaq has selected Pyth to distribute its Nasdaq TotalView market data through the Pyth Data Marketplace.
This connects traditional financial market data with blockchain infrastructure, giving developers and on-chain applications access to institutional-grade market information.
It’s another example of traditional finance and blockchain infrastructure moving closer together.
A development worth watching for the broader RWA and on-chain finance ecosystem.
#GateRanks6thAmongGlobalCEX $PYTH

PYTH+6.82%

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AFx_Crypto2026-09-22

🇺🇸 Bitcoin ETFs See Nearly $1B Inflows
U.S. spot Bitcoin ETFs recorded nearly $1 billion in net inflows on September 21, reaching around $999 million in a single day.
This was the largest daily inflow since October 2025, highlighting renewed institutional demand for Bitcoin.
Strong ETF inflows can be an important indicator of changing market sentiment, but they don’t guarantee future price moves.
Can this level of demand continue?
$BTC ‌#ShareWeekly
#FOMCMeetingAnalysis

BTC+0.16%

AFx_Crypto2026-09-22

600 BTC MOVES AFTER MORE THAN 16 YEARS OF DORMANCY
A long-dormant Bitcoin stash has suddenly become active.
According to Lookonchain, 600 BTC from coins mined back in 2010 were moved after more than 16 years of inactivity.
The 600 BTC were spread across 12 addresses, with each address originally receiving a 50 BTC mining reward.
At today’s prices, the coins are worth tens of millions of dollars.
The wallets’ activation is notable because coins from Bitcoin’s early mining era rarely move after such a long period. However, there is no confirmed evidence connecting these wallets to Satoshi Nakamo

BTC+0.18%

AFx_Crypto2026-09-22

Peter Brandt’s XRP Chart Points to $5.40
Veteran trader Peter Brandt has shared a long-term XRP chart that he says implies an eventual move toward $5.40.
Brandt did not provide a specific timeframe for the target and clarified that sharing the chart should not be viewed as a trade recommendation.
For XRP traders, the $5.40 level is now another long-term price area to watch.
#GateRanks6thAmongGlobalCEX $XRP ‌

XRP-3.18%

AFx_Crypto2026-09-22

China’s Gold Imports Cross 1,000 Tons
China has imported more than 1,000 tons of gold so far in 2026, already surpassing the country’s total gold imports for all of 2025, according to Bloomberg.
The figure reflects strong demand from China’s broader gold market, while the country’s central bank has also continued adding to its reserves.
The scale of imports highlights how closely global markets are watching China’s demand for gold this year.
#GateRanks6thAmongGlobalCEX

AFx_Crypto2026-09-22

Tim Draper: Companies Should Hold Bitcoin
Billionaire investor Tim Draper told Bitcoin Magazine that he considers it irresponsible for companies such as Apple and Meta to have no Bitcoin holdings.
Draper argued that businesses should keep some BTC as part of their reserves and warned that companies without Bitcoin exposure could face additional financial and legal risks if banking disruptions occur.
His comments reflect his long-standing view that Bitcoin can serve as a form of financial diversification.
Whether corporations adopt this approach remains a decision for their boards and sharehold

BTC+0.16%

AFx_Crypto2026-09-22

52.37 BTC Moved Toward Coldcard Exploit Recovery
White-hat hackers have reportedly moved 52.37 BTC recovered from the Coldcard exploit into a Crypto Recovery Trust address.
Galaxy Research’s Alex Thorn highlighted the on-chain movement, with the destination address appearing to be linked to a recovery process for affected users.
The transfer marks another step toward potentially returning recovered funds to victims.
#ShareWeekly
#FOMCMeetingAnalysis $BTC

BTC+0.18%

AFx_Crypto2026-09-21

Fairshake Plans $30M Campaign Against Sherrod Brown
Crypto super PAC Fairshake is reportedly planning to spend around $30 million on advertising against former Ohio Senator Sherrod Brown, according to The New York Times.
The move comes after the CLARITY Act failed to advance in the Senate last week.
Fairshake also spent about $41 million opposing Brown in the 2024 election cycle.
The latest move highlights how closely crypto policy and U.S. political spending are becoming connected ahead of the next election cycle.
#BTCBreaks84000 $BTC ‌

BTC+0.18%

AFx_Crypto

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