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🔔 EU banks double their MiCA presence to 80 🔖 Banks have doubled their presence on the European Union’s MiCA register to about 80 institutions in less than three months, raising their share of listed crypto providers to nearly 23%. According to an analysis of European Securities and Markets Authority register data, banks accounted for almost one in four listed crypto-asset service providers as of Sep. 16, up from about one in six on June 26. ➡️ The number of banks listed in the register rose by approximately 100% during the period, while the full group of crypto-asset service providers increased by about 44%. Banks therefore gained market share even as crypto exchanges, custodians and other non-bank firms continued to enter the regulated EU market. Non-bank providers still make up most of the register. Their number increased from about 203 to 269 between the two dates, but their share fell from roughly 84% to 77% because banks entered at a faster rate. 🔗 Germany supplied many of the new banking entries, with the register adding commercial lenders as well as institutions from the country’s Volksbank, Raiffeisenbank and VR Bank networks. Deutsche Bank is among the latest large lenders preparing regulated digital-asset services. The bank announced plans on Wednesday to offer crypto custody to institutional and corporate clients in Europe, while a spokesperson told Cointelegraph that it expects MiCA approval for the service in October.

⚠️ Solana founder questions motives behind AI slowdown 🔔 Solana co-founder Anatoly Yakovenko has questioned the financial motives behind an AI slowdown proposal backed by Dario Amodei, Sam Altman and Elon Musk on Sept. 13. Yakovenko’s comment presented profitability as a possible motive for slowing model development, but the Solana co-founder framed the idea as a sarcastic observation. His post contained no evidence that Anthropic, OpenAI or xAI had coordinated their statements for financial reasons. ❗️ No named company has confirmed that its support for slower development depends on reaching a $1 trillion valuation. Amodei’s proposal instead cites model-control failures, cyber risks and the speed at which AI systems are helping create newer systems. ⚡️ Reuters reported that Anthropic and OpenAI were preparing for potential initial public offerings. The report described financial incentives surrounding model development but did not establish that either company had reached a $1 trillion market capitalization or had made profitability contingent on that valuation.

🔖 FCA weighs easing UK prediction market ban ⚡️ Britain’s Financial Conduct Authority has reportedly discussed easing restrictions on retail financial prediction markets, but the regulator had announced no policy change as of September 7, 2026. The FCA held discussions with trading platforms about potentially reopening financial prediction markets to retail investors, according to a Times report. Industry representatives reportedly argued that British consumers already access overseas platforms, including Kalshi and Polymarket. ❗️ The FCA permanently prohibited firms from selling binary options to retail consumers in April 2019. It has maintained that these contracts resemble gambling, carry a high risk of losses and are difficult for consumers to value accurately. Prediction markets allow users to trade contracts based on whether an event will occur. A contract may pay a fixed amount when an outcome happens and nothing when it does not. Financial examples can cover interest rates, stock indexes or economic data. ➡️ The FCA regulates products tied to financial and certain climate events. Sports, political and other non-financial contracts generally fall under the Gambling Commission’s authority. This division means a platform seeking to offer several contract categories could require approvals from both regulators. The commission also warned unlicensed operators against targeting or transacting with consumers in Great Britain. Operating without an appropriate gambling licence can constitute a criminal offence.

🔔 Polymarket hit $1 billion in revenue and now 20 states want to shut it down 🔖 A prediction market that went from zero revenue to a billion dollar run rate in six months is signing deals with major sports leagues while state attorneys general line up to call it illegal gambling. On March 19, Major League Baseball named Polymarket its exclusive prediction market partner in a multiyear deal reported at $150 million to $300 million over three years. The agreement grants Polymarket exclusive access to official league data and the right to use MLB team logos and marks. No other prediction market platform can operate with MLB branding. Under the terms, MLB and Polymarket will coordinate to restrict markets that present an integrity risk, specifically excluding individual pitches, manager decisions, and umpire performance from the platform. 🌐 Commissioner Rob Manfred signed a memorandum of understanding directly with the CFTC and its chairman, Michael Selig. It was the first such agreement between the regulator and a major American sports league. The MOU stipulates that the two entities will share information and regularly discuss issues that may affect game integrity. Manfred had previously stated that formal prediction market deals would “aid in overall game integrity.” 📊 The timing carried an irony that the league did not address publicly. Less than a year earlier, MLB had issued a warning to players characterizing prediction market use as a violation of its sports betting policies. The league reversed that position through the Polymarket partnership without acknowledging the contradiction.

➡️ The GENIUS Act missed its statutory deadline and regulators are writing the rules anyway 🔔 Congress gave agencies one year to write stablecoin rules. They missed it by four months and counting. The OCC expects a final rule by November, Tether still lacks a reciprocity determination, and the effective date keeps sliding. ❗️ Congress wrote a law. Regulators missed the deadline to implement it. Now they are writing the rules anyway, on their own timeline, with their own interpretations. The GENIUS Act was supposed to create certainty for stablecoin issuers by July 2026. Instead it created a gap: a signed statute without implementing regulations, leaving every issuer in the United States operating under a law whose specific requirements have not been defined. 🔗 The delay is not a failure of political will. The agencies agree on the law’s goals. The complexity of writing rules for an asset class that did not exist when most banking statutes were drafted consumed the full year and more. Reserve requirements that sound simple in legislation become complicated when applied to non bank issuers, foreign stablecoins, and tokens that cross multiple regulatory jurisdictions.

🔗 Ripple stock position revealed in SEC fund filing ⚠️ Kinetics Internet Portfolio disclosed 1,875 Class A common shares in Ripple Labs valued at $246,318.75 as of June 30, according to a quarterly regulatory report that became public in August. The New York based mutual fund reported $248.28 million in net assets and $251.70 million in total assets. Its Ripple position therefore represented 0.0992% of net assets, the filing showed. 📊 Those figures differ from initial reports describing Kinetics as a $275 million fund with a Ripple position worth about $150,000. The primary document places the fund’s net assets below $250 million and values the private shares at more than $246,000. Kinetics’ March 31 schedule of investments listed 1,875 Ripple preferred A shares with a fair value of $228,281 and a cost of $300,000. The June filing lists the same share count as “Ripple Labs Inc Common A Shares” and assigns them a higher fair value. 🌐 The unchanged quantity means the latest disclosure cannot, by itself, support claims that Kinetics recently purchased Ripple stock. The change may reflect a reclassification, conversion or revised description, but neither the June filing nor the earlier schedule explains it. Any conclusion about the reason would therefore be speculative.

🔔 Glimpse launches Ethereum, Solana and Gold forecasting markets alongside Bitcoin ℹ️ Glimpse, a Bitcoin-native forecasting platform, has expanded beyond Bitcoin for the first time. Traders can now forecast price ranges for Ethereum, Solana and Gold as well, with accurate calls paid out in Bitcoin. The platform doesn't involve buying or selling the underlying asset. Instead, users pick the range they think price will land in, and if the market settles inside it, they earn a BTC payout. 💡 The structure allows for more trading scenarios and therefore bigger earning potential. Because a forecast can target any range, there's an opportunity to earn whether the market climbs, drops, or moves sideways. Glimpse said the expansion also gives traders a live view of where the broader market expects each asset to move, adding a layer of collective insight alongside the payout mechanism. 🔖 Deposits and withdrawals run on the Lightning Network, keeping transactions fast. Glimpse is licensed by the Bermuda Monetary Authority under the Digital Asset Business Act, positioning the platform as compliance-first as forecasting markets begin expanding beyond their Bitcoin origins. 🔗 Full details: glimpse.trading

➡️ Morgan Stanley ETF buys $15M Bitcoin during dip 🔗 Morgan Stanley’s spot Bitcoin ETF added approximately 232.5 BTC worth $15.05 million as Bitcoin traded below $65,000, lifting the fund’s holdings above 6,500 BTC for the first time. Blockchain intelligence platform Arkham reported that the Morgan Stanley Bitcoin Trust increased its holdings by approximately 232.548 BTC as Bitcoin remained under pressure near $65,000. 📊 The purchase was valued at $15.05 million, implying an average price of around $64,718 per Bitcoin. It raised the fund’s total holdings to 6,563 BTC, worth more than $426 million at current market prices. The transaction marked the first time MSBT’s Bitcoin balance exceeded 6,500 BTC. It also expanded the fund’s holdings during a period when Bitcoin traded below the average purchase price of many recent buyers. ☄️ This left the spot price approximately 3.8% below the cost basis, creating potential selling pressure from recent holders seeking to exit around break-even. Morgan Stanley was not the only major financial institution whose Bitcoin ETF added assets during the latest decline.

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🌐 Fintech giant KSNet joins Solana Foundation to trial Solana Pay in South Korea ➡️ KSNet has partnered with the Solana Foundation to test blockchain payments and AI-driven transaction systems for South Korea’s financial market. KSNet announced on July 30 that it has signed a memorandum of understanding (MOU) with the Solana Foundation to jointly develop a next-generation digital asset payment infrastructure, with the partnership beginning through proof-of-concept projects focused on Solana Pay and AI-powered payment technology. 🔗 The agreement brings together KSNet’s domestic payment network and Solana’s blockchain infrastructure as both companies evaluate digital asset payments that can work alongside South Korea’s existing financial system. The first phase centers on technical verification rather than a commercial rollout. ⚠️ As part of the first proof-of-concept, KSNet said it will test the integration of Solana Pay with the online and offline merchant payment network the company has built over the past 26 years. The demonstration will examine whether Solana Pay’s payment standard can operate within South Korea’s existing payment environment while remaining compatible with local merchant infrastructure.