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Illinois Proposes Tax Rules for Crypto Transactions Starting 2027
Illinois residents face a 0.2% levy on digital asset transactions beginning January 1, 2027, under draft regulations released by the state’s Department of Revenue. The proposal clarifies how the tax applies to stablecoins, decentralized finance, and wallet transfers while carving out specific exemptions for non-fungible tokens.
Kalshi Eyes $40 Billion Valuation in Fresh Funding Push
Prediction market platform Kalshi is in advanced negotiations to secure approximately $1 billion in new capital, a move that would push the company’s valuation to $40 billion. This potential financing follows a rapid growth trajectory for the firm, which reached a $22 billion valuation just months ago in May.
Ripple and CSD BR Launch Blockchain Audit Layer for Brazilian Funds
CSD BR has begun mirroring investment fund records onto the public XRP Ledger, marking the first time a licensed central securities depository is using a public blockchain to provide an independent audit layer for regulated capital markets, starting with shares from BTG Pactual.
Trump and Tech Titans Unveil Voluntary AI Safety Accord
President Donald Trump and a cohort of Big Tech executives, including Elon Musk and Mark Zuckerberg, have announced a non-binding "Joint Commitment on Frontier Responsibilities" regarding artificial intelligence. The agreement pivots on industry self-policing, drawing sharp criticism from lawmakers and activists who argue that voluntary guardrails are insufficient to mitigate mounting risks.
Franklin Templeton bets on German and Spanish bonds amid political flux
David Zahn, head of European fixed income at Franklin Templeton, is positioning his portfolio toward German and Spanish debt while steering clear of French and Italian markets. He argues that current interest rate hikes have been over-priced by the market, creating a window for selective investment despite rising European political volatility.
Supreme Court Clears Way for Third-Country Deportations to South Sudan
The U.S. Supreme Court has cleared the path for the Trump administration to deport eight men to South Sudan, a nation where most have no ties and which the U.S. government warns Americans to avoid. The 7-2 decision effectively ends a legal standoff over the controversial third-country removal policy.
Supreme Court Allows Resumption of Third-Country Deportations
The US Supreme Court has cleared the way for the Trump administration to resume the rapid deportation of immigrants to third countries, overriding a lower-court mandate that previously required officials to screen detainees for potential risks of persecution or torture in their destination nations.
Fed Governor Barr Pushes for Rate Hikes as Market Conviction Cools
Federal Reserve Governor Michael Barr is pressing for further interest-rate increases to pull inflation toward the 2% target, even as market confidence in an October hike has slipped to 50%. The shift follows comments from New York Fed President John Williams, who signaled a more patient approach to policy adjustments.
Riot Platforms Settles $200 Million Coinbase Credit Facility
Riot Platforms has officially shuttered its $200 million Bitcoin-backed credit line with Coinbase Credit, fully repaying the outstanding principal and accrued interest as of September 21. The move effectively releases the company’s pledged assets, which included over 5,800 BTC, from the lender’s security interests following a voluntary prepayment.
GSN CEO calls for conduct-based rules on political memecoins
California’s enactment of AB 2409 has sharpened the debate over political memecoins, prompting Global Settlement Network CEO Ryan Kirkley to argue that regulators should target officials' financial conflicts rather than imposing broad, indiscriminate restrictions on digital asset markets.
PhRMA Taps Former House Leader Eric Cantor to Lead Lobbying Arm
Former House Majority Leader Eric Cantor is joining the Pharmaceutical Research and Manufacturers of America as president and CEO. The move by the powerful lobbying group arrives as public pressure mounts for the federal government to aggressively regulate rising prescription drug prices and rein in industry profits.
Ro Khanna Proposes AI Ban Amidst Warnings of Civilizational Risk
Representative Ro Khanna is pushing for federal legislation to impose a temporary ban on recursive artificial intelligence, citing fears of a civilizational extinction risk. The California Democrat argues that current self-regulation by tech firms is insufficient, even as Republican leadership maintains a hands-off stance toward the emerging industry.
Crypto ETFs See $2.39 Billion Inflow as Bond Yields Spike
Crypto investment funds attracted $2.39 billion in weekly inflows, successfully pushing year-to-date net flows back into positive territory. The surge in demand persisted despite a 4.3% retreat in Bitcoin to $83,500, triggered as U.S. ten-year Treasury yields climbed to 5.20%.
Democrats Weigh Impeachment Over Taxpayer-Funded Trump Ads
Congressional Democrats are intensifying calls for accountability after reports surfaced that the Trump administration allegedly diverted $20 million in Department of Homeland Security funds to bankroll partisan campaign advertisements. Critics contend the move constitutes illegal propaganda and potentially an impeachable offense just weeks before the midterm elections.
Bittensor subnet revenue climbs as commercial AI demand takes hold
Subnet operator revenue on the Bittensor network has surged from negligible levels to over $32 million within 18 months, according to Yuma chief revenue officer Evan Malanga. This growth, driven by real-world commercial contracts, signals a transition from speculative interest to tangible implementation in sectors like cybersecurity and industrial monitoring.
Judge Allows First Amendment Lawsuit Against Miami Beach Mayor
A federal judge has cleared the way for a First Amendment lawsuit against Miami Beach Mayor Steven Meiner, who allegedly weaponized local police to confront a resident over her social media criticism of his public stance on the war in Gaza.
Falcon Finance executive challenges metrics for tokenized asset utility
Artem Tolkachev, chief RWA officer at Falcon Finance, argues that low onchain activity for tokenized real-world assets should not be conflated with market failure. He contends that for yield-bearing instruments like Treasury funds, simply holding the token in a wallet fulfills the investor's primary objective of earning passive income.
Bernie Sanders Warns AI Could Displace 100 Million American Workers
Senator Bernie Sanders has launched a sharp critique of the tech industry’s push into artificial intelligence, warning that the rapid adoption of automation threatens to eliminate nearly 100 million U.S. jobs over the next decade. He argues that current corporate strategies prioritize billionaire wealth over the economic security of American families.
Mike Johnson Dismisses Public AI Opposition as 'Chinese Psyop'
House Speaker Mike Johnson has dismissed growing public resistance to artificial intelligence data centers as a foreign influence campaign, characterizing the movement—which includes 75% of Americans—as a "Chinese psyop." His remarks on Fox News frame domestic environmental and economic concerns as a coordinated effort by Beijing to sabotage American innovation.
Trump eyes swift end to Iran conflict as Hormuz talks continue
Donald Trump declared the United States is on a path to victory in the conflict with Iran, predicting a resolution will arrive shortly. His remarks from the Oval Office follow ongoing back-channel discussions aimed at reopening the Strait of Hormuz, though no formal ceasefire or deal with Tehran has been reached.
Cboe Secures S&P 500 Options Monopoly Through 2051
Cboe Global Markets has locked in the exclusive rights to trade S&P 500 options for the next quarter-century, extending its lucrative licensing agreement with S&P Dow Jones Indices through 2051. The deal arrives as the exchange operator logs record-breaking volume for its flagship SPX contracts, which saw 970.6 million units traded in 2025.
Senate Set to Vote on Transparency Resolution for West Bank Human Rights
The US Senate prepares for a Tuesday vote on a resolution demanding that the Trump administration formally document Israel’s human rights record in the West Bank, a move aimed at addressing concerns over land seizures, mass displacement of Palestinians, and the rising death toll involving American citizens in the region.
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Spanish Housing Protests Force Government Reform Push
The eviction of an 87-year-old woman has ignited a nationwide uprising in Spain, forcing the government to propose emergency housing decrees. While demonstrators celebrate the reversal of individual evictions, activists warn that Prime Minister Pedro Sánchez’s legislative strategy may leave core tenant protections vulnerable to parliamentary defeat.
Senator Schmitt’s Perjury Trap Against Jack Smith Collapses Over Team Name
Senator Eric Schmitt’s attempt to corner former special counsel Jack Smith during a Senate Judiciary Committee hearing backfired Tuesday when the Missouri Republican accused Smith of lying about attending an Atlanta Hawks game, only for it to emerge that Smith had actually attended a game featuring the Iowa Hawkeyes.
Aztec Labs Revives zk.money to Restore Ethereum Privacy
After a three-year hiatus, Aztec Labs has relaunched its zk.money wallet, aiming to mask transaction details that would otherwise remain exposed on Ethereum's public ledger. The platform enables self-custodial private payments, replacing complex hex-code addresses with readable handles to shield balances and transfer history from prying eyes.
Public Citizen demands halt to taxpayer-funded Trump campaign ads
The watchdog group Public Citizen has filed formal complaints with federal regulators and broadcasters, demanding an immediate end to television advertisements featuring Donald Trump that are financed by government funds. Critics argue these spots function as partisan campaign material rather than legitimate public service announcements.
Fed rate path poses greater threat to Bitcoin than stalled CLARITY Act
A potential interest rate hike in October poses a more significant risk to Bitcoin’s price trajectory than the Senate’s recent rejection of the CLARITY Act. According to HashKey Group researcher Tim Sun, investors are increasingly focused on macroeconomic tightening signals rather than stalled regulatory frameworks in Washington.
Unrepresented Children Face Fast-Track Deportation in US Courts
In a Harlingen, Texas courtroom, a 13-year-old boy named Angel stood before a judge, weeping as he was forced to choose between a $3,000 stipend to return to Honduras or a deportation order. He was one of many unaccompanied minors now navigating complex legal proceedings entirely without counsel.
Soneium and DayOneDream Partner to Tokenize K-Pop IP
During Korea Blockchain Week in Seoul, Sony-backed Soneium and entertainment firm DayOneDream announced a strategic partnership to bring K-pop intellectual property and revenue streams on-chain. The collaboration aims to leverage DayOneDream’s WAVIST platform to transform entertainment financing through tokenized asset instruments.
Bitcoin Struggles Near $83,000 as Market Momentum Fades
Bitcoin retreated to the $83,000 level on September 29, struggling to regain the momentum that pushed the cryptocurrency to a peak of $87,400 earlier in the month. The decline places the asset in a precarious position between key technical support levels and dense clusters of potential long liquidations.