Alternative Assets Are No Longer Alternative

Opinion by: Sam Mudie, CEO of Savea Alternative assets were once solely the domain of the elite.  For centuries, fine wine, high art and luxury watches were only accessible to the most exclusive circles of society.  Now, everything has changed. Blockchain technology has digitized these alternative assets for the first time, enabling fractional ownership and 24/7 access.  The result? The line between what was once considered “alternative” and “mainstream” is quickly disappearing. Luxury assets are traditionally inaccessible  Gaining access to the passion class of assets has always been deeply tied…

Machi Big Brother’s $44M Profit Turns To $9M Loss On Hyperliquid

Taiwanese music celebrity and high-profile digital asset investor Jeffrey Huang, also known as “Machi Big Brother,” is facing a nearly $9 million floating loss on his Hyperliquid account. Account “0x020c” associated with Huang, who is also a popular Bored Ape Yacht Club collector, is approaching a floating loss of $9 million on decentralized exchange (DEX) Hyperliquid. From a profit of approximately $44 million just 13 days ago, the celebrity is now sitting on an unrealized loss of $8.7 million on their 5x leveraged long position, which involves betting on the…

House Republicans Probe Gary Gensler’s Deleted Text Messages

US House Republicans have told Securities and Exchange Commission Chair Paul Atkins that they are investigating the loss of text messages from former SEC Chair Gary Gensler from when he led the agency. The SEC’s Office of Inspector General’s findings in early September cast doubt on whether the Gensler-led SEC acted with transparency and integrity while serving between 2021 and 2025, House Financial Services Committee Chairman French Hill said in a letter to Atkins on Tuesday. Hill said the House Financial Services Committee said “is engaging with the OIG to…

Trump Pulls Brian Quintenz Nomination for CFTC

Update (Oct. 1, 1:20 am UTC): This article has been updated to add a comment from Brian Quintenz and further information. The Trump White House has withdrawn Brian Quintenz’s nomination to lead the Commodity Futures Trading Commission. “Being nominated to chair the CFTC and going through the confirmation process was the honor of my life,” Quintenz told Cointelegraph, confirming a Politico report on Tuesday “I am grateful to the president for that opportunity and to the Senate Agriculture Committee for its consideration,” Quintenz added. “I look forward to returning to…

ETH Rejects $4.2K But ETF Inflows Are Bullish

Key takeaways: If Ether price hits $4,350, over $1 billion in short (bearish) positions face liquidation risk. BitMine Immersion expanded holdings to $10.6 billion, targeting 5% of the total Ether supply. Ether ETFs saw $547 million in inflows, reinforcing institutional demand amid declining onchain activity. Ether (ETH) struggled to hold above $4,200 on Tuesday despite strong demand for spot Ethereum exchange-traded funds (ETFs) the day before. Weaker onchain activity likely weighed on investor sentiment, yet companies continue to add ETH to their reserves as part of longer-term strategies. Traders now…

Is $170K Coming In Q4?

Key takeaways: Bitcoin aims to close September with a 4.50% gain, a setup that historically precedes strong Q4 rallies. Onchain data shows spot demand strengthening, led by US investors. Bitcoin (BTC) is on track to close September in positive territory, up 4.50% at around $113,100 on the final trading day of the month. Historically, a green September has been a powerful setup for the market, often preceding strong rallies in the final quarter of the year. Bitcoin one-month chart. Source: Cointelegraph/TradingView According to data, when Bitcoin closed a green monthly…

Why Wall Street’s Dark Horse Could Surprise Everyone

ETF filings put XRP back in the spotlight When financial firms roll out exchange-traded funds (ETFs) for crypto, it often signals that an asset is crossing from niche into the mainstream. Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs) are already trading in the US, attracting billions from institutions and retail investors who want exposure without holding tokens directly. Now attention is shifting to XRP (XRP), the native digital asset of Ripple’s payments network. On the surface, XRP looks like an unlikely candidate. It spent years fighting the US Securities…

Visa Pilot Lets Banks Use Stablecoins for Global Payouts

Visa has launched a pilot allowing banks and financial institutions to pre-fund cross-border payments using stablecoins. Announced at SIBOS 2025, the Visa Direct stablecoin pilot enables select partners to use Circle’s USDC (USDC) and EURC (EURC) as pre-funded assets to facilitate near-instant payouts, according to a Tuesday announcement. “Cross-border payments have been stuck in outdated systems for far too long,” said Chris Newkirk, president of commercial and money movement solutions at Visa. The goal is to reduce the need for capital to be parked in advance and modernize treasury operations.…

Bill AB471 Proposes Money Transmitter License Exemptions for Crypto

Wisconsin lawmakers have introduced a bill on Monday that, if enacted, would exempt individuals and businesses in the state from requiring money transmitter licenses to participate in mining, staking and exchanging digital assets. According to a document from the Wisconsin Legislative Reference Bureau, the bill seeks to clearly define exemptions from requiring a license from the Department of Financial Institutions for money transmission-related activities. Under the proposed exemptions of Wisconsin Assembly Bill 471, individuals or businesses would not need DFI licences for crypto mining, staking and developing blockchain software.  It…

Binance Follows Coinbase Offering Crypto-As-A-Service for Tradfi

Crypto exchange Binance is launching its own crypto-as-a-service solution for licensed banks, brokerages and stock exchanges looking to offer crypto services to their clients. The “white-label solution” will enable these TradFi institutions to tap Binance’s spot and futures markets, liquidity pools, custody solutions, and compliance tools without needing to build their own infrastructure “from the ground up,” Binance said in a statement on Monday. “Institutions retain full control of the front end — their brand, client relationships, and user experience — while Binance powers the back end: supporting trading, liquidity,…