CFA Report Pegs US Crypto Fraud Losses at $80.7B

Tether, the issuer of the USDT stablecoin, is considering investing in gold mining, including refining, trading, and royalties. The company already holds $8.7 billion in gold bars in a Zurich vault and has a stablecoin, Tether Gold (XAUT), backed by physical gold.

Seven suspects have been detained by French authorities in connection with the kidnapping of a 20-year-old Swiss man, rescued during a special operation involving 150 gendarmes in Valence. This incident is the latest in a series of cryptocurrency-related abductions in France, with victims targeted for their digital assets.

The U.S. Securities and Exchange Commission's Office of the Inspector General found that former Chair Gary Gensler lost nearly a year of text messages due to a wiped smartphone. The device stopped syncing with the agency's system, leading to the deletion of messages from October 2022 to September 2023.

The crypto market in September is marked by uncertainty and optimism over potential Federal Reserve rate cuts. XRP, Solana, and Pump.fun’s PUMP stand out with unique price actions and technical indicators, suggesting different trends and potential movements in the near future.

Kraken has acquired Breakout, a trading platform for advanced traders, allowing users access to up to $200,000 in capital. The acquisition aims to reward traders based on performance rather than connections, with plans to integrate Breakout into Kraken Pro.

ArbitrumDAO has initiated Season One of the DeFi Renaissance Incentive Program, allocating 24 million ARB to boost lending protocols. The $40 million campaign aims to incentivize borrowing against popular yield-bearing assets on Arbitrum to enhance capital efficiency.

Over $52 million worth of Bitcoin was moved from an address that had been dormant for 13 years, with other large holders making significant transfers recently. These movements, including whales exchanging BTC for Ethereum, can impact market dynamics and prices.

A wallet linked to Tron founder Justin Sun has been blacklisted for moving over $9 million worth of World Liberty Financial tokens. The token's price has dropped by 19% in a day, with high trading volumes in South Korea.

Tempo, a blockchain for stablecoins and payments, was unveiled by Stripe and Paradigm. With major firms like OpenAI and Visa providing input, the network aims for high-throughput global transactions.

Fireblocks, valued at $8 billion, has launched a network for easy stablecoin transfers among over 40 participants, including Circle and Bridge. The network aims to streamline stablecoin transactions and provide broader banking relationships and regulatory licenses to users.