US Accuses Chinese Firms of Using Crypto to Sell Fentanyl to Mexican Cartels

Hargreaves Lansdown warned against including Bitcoin in investment portfolios, citing extreme volatility and risk. The firm stated that cryptocurrency, including Bitcoin, should not be relied upon to meet financial goals.

The Monetary Authority of Singapore has postponed the implementation of new crypto prudential standards until 2027, following concerns from the industry. The updated rules will require banks to hold capital reserves based on the risk classification of their crypto exposures.

Prestige Wealth (PWM) secured $150 million in funding to launch a digital asset treasury focused on Tether's gold-backed tokens. The capital will be used to acquire tokenized gold reserves for a blockchain-native treasury, with plans to rebrand to Aurelion and trade under the AURE ticker.

Analysts warn that despite soaring Bitcoin, gold, and stock prices, the U.S. deficit poses a growing threat as the country continues to live beyond its means. The U.S. budget deficit is projected to hit $1.9 trillion in 2025, but current data shows it has already reached $1.973 trillion.

Morgan Stanley will expand its crypto offerings, granting all clients access to digital assets starting October 15. Previously, only high-net-worth individuals could invest in crypto through the bank, but now advisors can offer crypto fund investments to any client.

Tornado Cash developers are receiving financial support for their legal defence from Keyring Network, with the Ethereum Foundation observing the fundraising as a potential model for future initiatives. The ongoing efforts aim to secure funding for the developers' defence against legal challenges.

The Bank of Russia will permit domestic banks to conduct limited cryptocurrency activities under strict regulations, with a proposed cap of 1% of a bank's capital for crypto exposure. This move aligns with the country's evolving stance on digital assets amid calls for a comprehensive crypto bill by 2026.

Zcash (ZEC) surged 48% in a week, hitting over $268, its highest since April 2022. The rally extended to other privacy coins like Veil Token (VEIL) up 248% and Railgun (RAIL) up 225%.

The Bank of England's potential waiver on stablecoin holding limits has received mixed reactions from the UK crypto industry, with calls for recalibration. The central bank's proposed cap, which would restrict individuals and businesses, has faced criticism for being cumbersome and impractical.

Monero has released an upgrade, Fluorine Fermi, to enhance protection against spy nodes in its decentralized peer-to-peer network. The update includes an improved peer selection algorithm to reduce connections to suspicious IP addresses, safeguarding user privacy.