Montenegro Supreme Court Is Expected to Decide (Again) on the Legality of Terra Founder Do Kwon's Extradition

Representative Tom Emmer and Chairman Patrick McHenry have expressed concerns to SEC Chair Gary Gensler about the regulator's view on crypto airdrops as securities. Emmer and McHenry argue that the lack of regulatory framework in the U.S. is preventing Americans from claiming airdrops and shaping the future of the digital economy.

Binance has denied ownership and responsibility for the recent $235 million hack on Indian crypto platform WazirX. In a blog post, Binance addressed claims made by Nischal Shetty, the primary owner of Zettai Pte Ltd, associated with WazirX, stating that it never completed the acquisition of WazirX due to Zettai's failure to fulfill obligations. Binance maintains that it has never owned or operated WazirX and bears no responsibility for the hack.

The U.S. Securities and Exchange Commission (SEC) has announced a $1.95 million settlement with Prager Metis, the former auditor of FTX. The settlement resolves allegations of negligence-based fraud and violations of auditor independence rules. Prager Metis will pay a $745,000 civil penalty for the FTX violations and just over $1.2 million for violating auditor rules.

Wintermute has unveiled OutcomeMarket, a decentralized prediction market platform focused on the 2024 U.S. presidential election. The platform allows users to participate in prediction markets across Ethereum and its layer-2 scaling networks without the need to bridge assets between chains. Wintermute aims to create a more accessible and efficient market by reducing barriers to entry and will offer tokens tied to candidates Donald Trump and Kamala Harris.

Hamster Kombat, the largest Telegram tap-to-earn crypto game, announced that the first season of in-game rewards will end on September 20. Players' achievements will be converted into HMSTR tokens, with the developers encouraging players to level up before the cutoff. A second season of rewards is planned after the airdrop.

Circle has expanded its USDC stablecoin's reach in Latin America by connecting it to payment systems in Brazil and Mexico. Businesses can now access USDC directly from local financial institutions in Brazil through the PIX payments system and in Mexico through the SPEI system. This move comes as Circle plans to bring USDC to the Sui blockchain.

The Federal Reserve is expected to lower interest rates after raising them in 2022, which could have wide implications across major markets. Cryptocurrencies, like Bitcoin, have benefited from low interest rates in the past, as they are considered "risk-on" assets. The crypto market is closely watching the outcome of the Federal Open Market Committee meeting, as a rate cut could potentially boost digital assets.

Bhutan, known for its involvement in cryptocurrency mining, now holds the fourth-largest government stash of Bitcoin, with over 13,000 BTC valued at $750 million. Unlike other governments, Bhutan's Bitcoin reserves come from its green-powered mining farms, taking advantage of its abundant hydroelectric power. In addition to Bitcoin, Bhutan's state investment arm also holds other cryptocurrencies such as ETH, BNB, MATIC, and USDT.

The Sui Foundation has partnered with MoviePass to allow users to pay for subscriptions using stablecoins on the layer-1 network. The partnership was announced at a crypto conference in Singapore and includes the Sui Foundation taking an equity stake in MoviePass. The integration will leverage Circle's USDC stablecoin and other experiences using Sui's network will go live next year.

Howard Winklevoss, father of the famous crypto twins, is donating $4 million in Bitcoin to Grove City College, where he developed an interest in sound money and the Austrian school of economics. This is the college's first Bitcoin donation and will fund new business programs. Winklevoss credits his time at Grove City College and his study of the Austrian school of economics for influencing his understanding of sound money and ultimately leading him to Bitcoin.