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Kalshi faces $500,000 daily fine under Michigan court injunction
A Michigan court has ordered Kalshi to keep sports event contracts unavailable in the state under a preliminary injunction that carries fines of $500,000 per day for violations.
Summary
A Michigan court ordered Kalshi to continue blocking sports event contracts for residents under a preliminary i
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Australia gives crypto firms Sept. 30 licence deadline
Australia’s financial regulator issued a final warning on Sept. 2 to crypto businesses relying on temporary enforcement relief.
Summary
September 30 is ASIC’s deadline for qualifying crypto firms to apply for required financial licences.
Unlicensed firms operating outside ASIC’s relief
BTC+1.07%
Rain contract exploit drains $1.1M from card users
An attacker exploited an outdated Rain card contract on Aug. 28, draining approximately $1.1 million from multiple stablecoin card programs operating on Solana, according to blockchain security company Blockaid.
Summary
An outdated Rain Solana contract allowed unauthorized withdrawals from card c
Ripple expands APAC custody through SettleMint deal
Ripple and SettleMint announced a strategic partnership on Sept. 1 that combines institutional digital asset custody with tools for issuing and managing tokenized assets.
Summary
Ripple and SettleMint partnered to combine institutional custody with tokenized asset lifecycle management
XRP+3.66%
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Ripple unlocks 1B XRP as escrow falls to 31.28B
Ripple unlocked 1 billion XRP on Sept. 1 through three transactions involving 500 million, 400 million and 100 million tokens
Summary
Ripple released one billion XRP through three escrow transactions on September 1, blockchain data showed.
The releases comprised 500 million, 400 million, and 10
XRP+3.66%
Singapore proposes stablecoin license with full reserves
Singapore’s central bank proposed a dedicated stablecoin issuance license on Sept. 1, moving a framework announced in 2023 closer to implementation through amendments to the Payment Services Act.
Summary
Singapore proposes licensing stablecoin issuance under its Payment Services Act, with
Ark Invest adds Block Inc. and Circle shares in latest buying spree
Cathie Wood’s Ark Invest has bought about $37.4 million worth of Block Inc. shares after the Jack Dorsey-led fintech company fell nearly 2% in Monday trading.
Summary
Ark Invest bought 456,059 Block shares worth roughly $37.4 million across three of its ETFs after the stock fell 1.85% on Monday.
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Anthropic shares seized from FTX executives sold in 2025
The U.S. Marshals Service sold Anthropic shares forfeited by former FTX executives Caroline Ellison and Nishad Singh during 2025, according to an Aug. 31 Business Insider report citing a person familiar with the transaction.
Summary
Ellison and Singh invested a combined $50 million in Anthropic’s
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ICE taps tZERO for NYSE tokenized securities platform
Intercontinental Exchange agreed on Aug. 31 to invest in tZERO and license its blockchain patents as the companies develop infrastructure for an upcoming NYSE-affiliated tokenized securities platform.
Summary
ICE and tZERO signed agreements covering platform design, financing, patent licensing an
Thailand SEC seeks rules for retail crypto derivatives
Thailand’s Securities and Exchange Commission proposed new rules on Aug. 31 that would let licensed intermediaries facilitate retail investment in qualifying digital asset derivatives traded overseas.
Summary
Thailand’s SEC proposed allowing retail investors to access qualifying crypto derivative
BTC+1.16%
BitMine adds 53,501 ETH as holdings reach 5.9M
BitMine Immersion Technologies has purchased another 53,501 ETH, lifting its Ethereum treasury to 5,901,112 tokens worth about $14.54 billion at the time of writing.
Summary
BitMine has bought Ethereum for 65 consecutive weeks since launching its treasury strategy.
The company now controls about
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