A clearer view of today.

Senate Republicans introduce bill to revise U.S. crypto tax rules

Sen. Steve Daines and fellow Republicans introduced the ADAPT Act on September 30, proposing tax changes for stablecoin payments, network fees, staking, mining, lending and digital-asset trading. The bill would also extend wash-sale rules to digital assets. It remains proposed legislation and would require congressional approval to change current tax treatment.

What changed Current rules can treat routine crypto spending as a taxable disposal; the proposal would introduce targeted exceptions while extending traditional anti-avoidance rules.

Why it matters For onchain users, the proposed exemption for qualifying fees of $10 or less could eliminate repeated calculations of tiny taxable gains and losses.

What to watch next If legislation advances, Congress would need to reconcile the Senate proposal with the separate House tax package; agreement is not yet established.

U.S. spot crypto funds record about $221 million in combined outflows

Bitcoin, Ether and Solana spot ETFs all posted net redemptions on September 30, totaling roughly $220.8 million, according to the report. Bitcoin funds lost $148.7 million, led by $125.6 million in redemptions from Fidelity’s FBTC, ending a nine-session inflow streak. The withdrawals followed substantial inflows in preceding sessions and do not erase the totals accumulated during those runs.

What changed Ether redemptions increased from $2.8 million on September 29 to $59.6 million on September 30, following seven positive sessions.

Why it matters For ETF issuers and flow analysts, the Bitcoin withdrawal was heavily concentrated: FBTC accounted for about 84% of the category's net outflow, limiting what the aggregate reveals about other funds.

EU regulators examine Binance’s reliance on MiCA reverse-solicitation exemption

European regulators are scrutinizing whether Binance’s use of reverse solicitation complies with MiCA, which permits an EU customer to independently approach an offshore crypto provider under narrow conditions. The review does not establish that Binance violated the rules; regulators are examining whether customers genuinely initiated relationships without prior solicitation or promotion. Binance withdrew a MiCA licence application in Greece earlier in 2026, according to the report.

Why it matters For offshore exchanges serving EU clients, even a valid customer-initiated relationship does not provide unrestricted scope to cross-sell: later marketing of unrelated products remains constrained.

What to watch next The unresolved issue is whether the customer interactions and marketing practices regulators examine satisfy the exemption; the source reports no enforcement judgment.

Bloomberg adds hourly stablecoin-flow data to its Terminal

Bloomberg has added an Allium-powered dashboard showing stablecoin supply, minting, burning, transfer volume and velocity, with current data updated hourly. Bloomberg says coverage includes every stablecoin with more than $100 million in circulating supply, representing over 98% of the market, as well as selected smaller and non-dollar-pegged assets. The dashboard brings onchain measures into existing Terminal workflows for fixed income, foreign exchange and money-market analysis.

What changed Bloomberg's existing cryptocurrency pricing and reference coverage now extends to stablecoin flows, adding information about issuance, redemption and settlement rather than prices alone.

Why it matters Rates and FX teams can examine stablecoin issuance and cross-border activity alongside conventional market conditions, making the data useful beyond crypto price monitoring.

What to watch next A concrete unresolved question is how clearly users can identify volume exclusions and methodology differences before comparing these figures with other providers.

BioCatch report finds attempted banking scams rose 35% across its client institutions

BioCatch’s 2026 report found a 35% increase in attempted scams across more than 370 financial institutions it serves, with mobile devices accounting for 90% of scam sessions. The report says investment scams had the highest average attempted value, at $6,600, while reported employment-scam victims rose 258%. The figures describe activity observed among BioCatch customers, not global fraud, and do not establish that any particular bank control caused the slower growth rate.

What changed Mobile's share of observed scam sessions reached 90%, five percentage points above a year earlier, further concentrating the problem in mobile banking.

Why it matters Banks and customers remain exposed even when authentication succeeds: a genuine account holder can be manipulated into authorizing a payment, so identity checks alone do not establish legitimate intent.

Binance Pay links USDT spending to PayPay merchants in Japan

Binance Pay has launched USDT payments at PayPay-supported merchants across Japan, connecting eligible users to the network’s millions of locations. Users fund payments with USDT, while participating merchants receive settlement through PayPay’s conventional system, with conversion handled as part of the payment process. The rollout does not mean merchants directly hold USDT or that the stablecoin has replaced yen.

Why it matters Participating shops can serve USDT-funded customers without taking on crypto custody or blockchain integration, reducing the operational burden of accepting this payment route.

Bitget hacker moves about $3.8 million in stolen Zcash into shielded pool

Onchain monitoring cited in the report found that about $3.8 million in ZEC linked to the Bitget breach had moved from publicly visible addresses into Zcash’s shielded pool by October 1, making the straightforward transaction trail less transparent. The funds remain onchain; the transfer does not show that they were converted to fiat or successfully laundered. The amount is about 1% of Bitget’s revised $387.5 million loss.

What changed Bitget raised its breach-loss estimate from approximately $351.6 million to $387.5 million after identifying additional affected Zcash and TRON assets.

Why it matters Investigators may lose the direct address-to-address trail for this portion of the stolen funds, making entry into the shielded pool a tracing obstacle rather than evidence of recovery or cash-out.

What to watch next Whether the attacker has successfully laundered the shielded ZEC or realized its value remains unresolved.