Tether and Fasanara Capital have launched StableFund with $400 million to provide short-term, asset-backed lending to businesses and consumers through fintech platforms in more than 60 countries.
WeatherlyLiquid Network has restarted block production after a $320 million exploit drained about 4,000 BTC from its federation wallet, with 3,400 BTC later returned by the attackers. Transactions and peg operations remain suspended while Liquid fixes the Elements software flaw and works to restore the Bitcoin reserves, with about 598.5 BTC still outstanding.
WeatherlyBitwise is liquidating its Dogecoin ETF, BWOW, with trading set to end on 14 October and remaining investors to be paid in cash on 22 October. The fund struggled to attract investors, holding about $721,820 last week, as demand for Dogecoin ETFs remained weak.
AnaisNasdaq is investing $100 million in Payward, the parent company of Kraken, at a reported $21 billion valuation as the firms prepare to launch tokenised equities in 2027.
WeatherlyCoinbase has renamed the Base App back to Coinbase Wallet after its social-focused experiment fell short. The wallet is now focused on multichain trading, including perpetual futures, prediction markets and tokenised stocks, while remaining self-custodial.
AnaisDBS and Citi completed a weekend US dollar payment between Singapore and the US using tokenised deposits through Swift’s Digital Ledger, with the transaction taking minutes.
WeatherlyThailand’s SEC has proposed capping stablecoin transfers at 5 million baht ($151,000) per person, per platform, each day and restricting transfers to verified wallets owned by the customer.
WeatherlyA Shanghai court ordered an AI service provider to pay miHoYo 750,000 yuan ($112,000) for reproducing the voices of 63 Genshin Impact characters and using the game’s images without permission. The court found the AI voices nearly identical to the originals and ruled that the service infringed copyright and could mislead users into thinking it was officially linked to Genshin Impact.
AnaisAnthropic CEO Dario Amodei has called for AI development to slow down and be independently monitored as models become more powerful. OpenAI CEO Sam Altman and xAI founder Elon Musk backed the call, while Amodei proposed stronger safety standards and international coordination to manage AI risks.
WeatherlySouth Korea’s crypto tax deferral petition has passed 50,000 signatures, triggering parliamentary review as investors call for a two-year delay. The government still plans to impose a 22% tax on annual crypto gains above 2.5 million won from 1 January 2027, despite having no firm estimate of expected revenue or collection costs.
Anais