Cryptocurrency

The Block, citing Reuters, reported on September 13 that Mexican authorities raided a hidden cryptocurrency mining operation on suspicion of power theft and money laundering. The site, located near a local hydroelectric dam, is the fourth crypto farm discovered in the area since early 2025. The incident reflects rising tension in Latin America between energy-intensive crypto mining activity, local power supply stability, and regulatory compliance.

CoinDesk reported on September 13 that as the U.S. Senate returned from summer recess, the Crypto Clarity Act still lacks a clear schedule for advancement in the Senate. The bill has already passed the House, but the Senate remains significantly divided over core provisions on digital-asset classification, the allocation of regulatory authority and stablecoin reserve requirements. Several industry observers have described the bill as being in a Schrödinger-style state of simultaneous life and death, stressing that until the Senate majority leader signals that it will be placed on the priority agenda, the bill’s ultimate fate remains highly uncertain.

Bitcoin infrastructure company Blockstream has publicly refused to pay a ransom and demanded that attackers return approximately 600 BTC withdrawn following the Liquid network exploit. Blockstream stated in its announcement that the company will not engage in any form of negotiation with the attackers and is pursuing asset recovery through technical tracing and legal channels. Liquid has resumed trading, but peg-outs remain suspended pending further recovery and review work.

US asset manager Bitwise has announced the closure of its Dogecoin exchange-traded fund BWOW launched in November 2025. The fund recorded approximately USD 3 million in trading volume at launch, but its trading activity never sustained itself, ultimately prompting the asset manager to initiate liquidation.

Core Summary Cryptocurrency Zcash reached a historic milestone on September 5, breaking the $1,000 barrier for the first time. The direct catalyst was Grayscale’s launch of the first-ever Zcash spot ETF in late August, followed by sustained institutional capital inflows. Market data shows that asset management giants like BlackRock purchased over $100 million in a single day, indicating rapidly growing institutional demand for privacy asset allocation. This event marks Zcash’s transition from a marginalized privacy tool into mainstream finance and could spark a new wave of altcoin ETFs. ...

Core Summary Southeast Asia’s cryptocurrency funding has staged a strong rebound in 2026, reaching a total of $680 million. Unlike early speculative investments, this funding wave exhibits clear structural characteristics: investors are increasingly focused on mature companies with established business models, compliance licenses, and stable user bases. This shift reflects the global crypto industry’s overall transition from wild growth to standardized development, and indicates that Southeast Asia is becoming an important center for global crypto innovation. ...

Fintech company SoFi partners with Payward to connect its banking settlement network with Kraken’s digital asset infrastructure, advancing traditional finance and crypto market integration.

Payward, parent of crypto exchange Kraken, has announced it will tokenize 100 London Stock Exchange-listed stocks and plans to enable 24-hour trading on the LSE, marking a significant milestone in the convergence of traditional securities markets and blockchain technology.

Binance, the world’s largest cryptocurrency exchange, has expanded its product lineup with options on over 1,000 US stocks and ETFs. Its TradFi perpetual contracts also hit a record monthly trading volume, signaling accelerating convergence between crypto platforms and traditional finance.

Core Summary Asset management giant Grayscale officially launched the first-ever Zcash spot ETF on August 25, marking the first exchange-traded fund providing direct exposure to a privacy coin in crypto history. This move signals Zcash’s transition from a niche privacy tool to mainstream finance, offering investors a compliant and convenient channel for privacy asset allocation. The ETF launch not only validates the compliance feasibility of privacy coins but could also trigger a new wave of altcoin ETFs. ...