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CryptoNewsLand Weekly Wrap: This Week’s Crypto News Highlights

CryptoNewsLand Weekly Wrap: This Week’s Crypto News Highlights

CryptonewslandCryptonewsland2025/09/28 18:24
By:by Wesley Munene
  • European banks target 2026 launch of a euro stablecoin under MiCAR framework.
  • Interpol seized $97M and froze 400 wallets in a global crypto fraud crackdown.
  • SEC, FINRA probe 200+ firms over suspicious crypto treasury disclosures.

The past week in cryptocurrency brought sweeping developments across regulation, finance, and enforcement. From European banks preparing a new stablecoin to U.S. regulators investigating corporate treasury disclosures, the news cycle reflected how digital assets are becoming further integrated with mainstream markets. At the same time, controversies around exchanges and high-profile individuals added another layer of complexity. Together, these events painted a clear picture of an industry balancing innovation and scrutiny.

European Banks Plan Euro Stablecoin

Nine major European banks, including ING, UniCredit, CaixaBank, and Danske, have agreed to launch a euro-denominated stablecoin. The initiative will operate under Europe’s MiCAR framework, with a consortium based in the Netherlands. Approval from the Dutch Central Bank is expected before a planned launch in late 2026. The stablecoin aims to support cross-border payments, programmable finance, and digital asset settlements on a 24-hour basis.

Global Enforcement and Regulatory Shifts

Interpol conducted Operation HAECHI VI , seizing $97 million in assets across 40 countries between April and August. Authorities froze 400 wallets, blocked 68,000 bank accounts, and arrested 45 suspects in Portugal tied to fraud. Meanwhile, the U.S. Commodity Futures Trading Commission advanced plans to allow stablecoins as collateral in derivatives markets. Acting chair Caroline Pham called collateral management the “killer app” for stablecoins, noting tokenized markets are becoming critical to financial infrastructure.

U.K. and U.S. Policy Cooperation

On September 22, the U.K. and U.S. launched a joint Transatlantic Taskforce for Markets of the Future. The initiative will coordinate on digital assets and capital markets during early regulatory formation. The announcement came as the U.K. prepared to reopen access to Bitcoin ETNs for retail investors in October.

Exchange Disputes and Market Reactions

Crypto.com denied reports of a hidden 2023 data breach, rejecting allegations from hacker Noah Urban and investigator ZachXBT . The exchange stated the incident was contained within hours and officially reported, with no customer funds lost. Separately, Sam Bankman-Fried resurfaced online through a “gm” post on his account, drawing 6.5 million views. The message triggered a temporary 50% rally in FTT before prices retreated.

Institutional and Corporate Developments

Ripple introduced a smart contract enabling holders of BlackRock’s BUIDL and VanEck’s VBILL funds to redeem shares for RLUSD. The feature, built on Securitize’s platform, allows redemptions around the clock and integrates traditional finance with digital assets. At the same time, the SEC and FINRA opened probes into over 200 companies announcing crypto treasury strategies. Regulators flagged unusual stock price jumps before public announcements, with companies like Trump Media and GameStop under review.

Market Outlook and Regional Tensions

Michael Saylor predicted renewed upward momentum for Bitcoin, pointing to company and ETF demand outpacing miner supply. In Asia, China’s securities regulator directed brokerages in Hong Kong to pause real-world asset tokenization projects. The order came amid surging interest in digital bonds and property-linked tokens, underscoring Beijing’s cautious approach to offshore innovation.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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