Tag: CRYPTOS FoxBusiness

The Financial Action Task Force (FATF), which published its first crypto guide in 2019, stated that Turkish cryptocurrency companies have comprehensive knowledge of their anti-money laundering obligations, but significant shortcomings remain in their implementation.

In its review as part of Turkey’s fifth round of mutual assessment, the FATF noted that crypto asset service providers operating in Turkey generally have a sufficient understanding of money laundering and terrorist financing risks, but that implementation deficiencies persist in some areas.

Compliance Gap in Crypto Companies!

At this point, the FATF assessed that crypto asset service providers (VASPs) generally understood the money laundering risks and the compliance obligations that must be met to mitigate these risks.

However, it was noted that there were some shortcomings in translating the rules into daily practice. Specifically, these shortcomings included the inadequate identification and monitoring of politically influential individuals (PEPs) among customers and the insufficient reporting of suspicious transactions.

FATF also stated during its on-site inspection that Türkiye’s regulatory framework for virtual asset service providers is still in its early stages of implementation.

…”In general, financial institutions and Virtual Asset Service Providers (VASPs) possess comprehensive knowledge of their anti-money laundering and terrorist financing obligations; however, significant deficiencies remain in their effective implementation. In particular, the identification and monitoring of politically influential individuals is only partially effective, and shortcomings in suspicious transaction reporting continue to be identified.”

Statement from the Ministry of Treasury and Finance!

In a statement issued by the Financial Crimes Investigation Board of the Ministry of Treasury and Finance, it was stated that Türkiye was found to be compliant with 38 of the FATF’s 40 recommendations, adding, “These results constitute an important indicator of the level our country has reached and demonstrate that our country is increasingly strengthening its capacity to combat money laundering and terrorist financing through legislative work, institutional arrangements, and practices.”

The ministry also stated that the FATF assessment did not indicate any strategic shortcomings or grey list risks for Türkiye.

*This is not investment advice.

Cryptocurrency payments company MoonPay is set to acquire private-markets investment platform North Capital to support its tokenization efforts, according to an emailed announcement Wednesday.

Salt Lake City, Utah-based North Capital, whose platform boasts around $9 billion in primary and secondary transaction volume, will become a wholly owned subsidiary of MoonPay after the transaction closes, subject to regulatory approval.

The all-stock deal is worth over $60 million, sources familiar with the matter told CoinDesk.

The acquisition will support MoonPay’s aim of “building the regulatory foundation to support mass adoption of tokenized real-world assets,” according to CEO and founder Ivan Soto-Wright.

“We believe bringing those capabilities into the MoonPay ecosystem can help connect different parts of the financial system through modern, programmable infrastructure,” Soto-Wright added.

North Capital provides the tech infrastructure for tokenizing securities for private securities issuers and fund managers, supporting capital raising, asset management, clearing, custody, and secondary trading.

North Capital’s affiliates hold relevant broker-dealer, trading, transfer and investment advisory registrations with the U.S. Securities and Exchange Commission (SEC).

MoonPay has expanded beyond its core business of crypto payments in recent months, establishing its Trade platform to connect banks and fintechs to tokenized assets, DeFi protocols and stablecoin liquidity.

Think of it as paying a $100 premium to reserve the right to buy a $1,000 laptop anytime in the next four weeks. If the laptop’s price jumps to $1,200, you exercise your right and effectively save $200 (minus your $100 token). If the price stays at or below $1,000, you let the reservation lapse and lose only the $100.

Traders use call options to profit from an impending surge in the underlying asset, in this case, $BTC or $ETH. Put options do the opposite by protecting the buyer from a potential sell-off in the underlying asset.

The crypto options market has expanded multifold since 2020, with traders combining call and put options alongside spot and futures positions to express views on price direction, volatility, and time decay. That surge has turned quarterly options settlements into must-watch events for crypto traders.

One thing traders widely track is max pain for expiries: the spot price level at which option buyers stand to lose the most on the day of expiry. The theory, though widely debated and challenged, is that options sellers seek to drive the spot price to the maximum pain point to inflict maximum pain on buyers.

The maximum pain for bitcoin is $75,000, well below the spot price of $85,500. Deribit described the level where option buyers collectively suffer the greatest losses as a “soft magnet for price into expiry.”

Bitcoin and altcoins experienced a significant surge last week despite the delay in the Clarity Act and the Fed’s interest rate hike decision.

At this point, with two important macroeconomic developments from last week now behind us in the cryptocurrency market, Bitcoin and Ethereum have risen, surpassing the upper limits of their previous trading ranges.

$BTC surpassed $87,000 for the first time since January, while $ETH climbed above $2,700.

While other major altcoins also saw significant gains, XRP surpassed $1.6 and Solana approached the $120 mark.

In its latest analysis, market maker Wintermute stated that although the Federal Reserve’s interest rate decision and the outcome of the Clarity Act process in the US Senate were negative, they eliminated a significant portion of the uncertainty in the market.

ETF Flows Supported Recovery!

Wintermute analysts pointed out that the rise was not solely due to the closing of short positions in the futures market.

At this point, the company noted that fund flows into spot Bitcoin ETFs in the US were also supporting the recovery.

Citing ETF data, the company stated that despite total outflows of $746 million on Tuesday and Wednesday, net inflows of $159.5 million were recorded on Thursday and $433 million on Friday. This reduced the total weekly net outflow to approximately $6 million.

Attention May Turn Towards the Left and Hype!

Wintermute expects the market to establish new price levels and absorb profit-taking after a breakout above the current range in Bitcoin and Ethereum.

“Two key variables that introduced uncertainty to the markets have been resolved and the trading range has been broken. This week will be a period for new price levels to form and for profit-taking volume to be absorbed.”

The company states that in the short term, the focus may be on Bitcoin and Ethereum, as well as altcoins such as Solana and Hyperliquid ($HYPE).

“We expect the focus this week to shift to $BTC, $ETH (along with Glamsterdam), SOL, and $HYPE. For now, the excitement seems healthy. Green candles lift the spirits.”

Wintermute stated that if a new bull run occurs in Bitcoin, capital could then flow into small and medium-sized altcoins.

*This is not investment advice.

Artificial intelligence could be one of the biggest drivers for digital asset adoption as autonomous agents begin buying services, moving money and sourcing computing power, according to a BlackRock paper.

The asset manager argues that AI provides “machine-native intelligence” while digital assets provide the payment and settlement infrastructure agents may need to act on their decisions. An agent carrying out a task could, for example, pay for a data request, book a service or purchase computing capacity without waiting for a person to to complete.

Stablecoins are likely to be the first major beneficiary. Their relatively stable value makes them useful for pricing services, while blockchain networks can support payments around the clock. BlackRock highlights Coinbase x402 protocol as one emerging way agents to pay for online resources, including API calls. It also acknowledges that existing payments networks are adapting to agentic commerce.

A first-term Republican has defected from the party and called for an investigation into the two sons of US presidents. Sen. John Curtis of Utah cited cryptocurrency companies affiliated with the incumbent president’s family. He addressed the Senate Judiciary Committee, asking for subpoenas for Donald Trump Jr. and Hunter Biden.

A Republican asking questions his own party has avoided

Curtis directed his letter to Judiciary Committee Chair Chuck Grassley from Iowa and the committee’s ranking Democrat Dick Durbin from Illinois to investigate “the use of family relationships for private financial benefit, favoritism, or access by domestic and foreign entities.”

On X, Curtis made the difference between a gift and what transpired during the wedding of Trump Jr., saying, “A toaster is a wedding gift. A private island party thrown at the expense of a Putin-connected oligarch is another story altogether.” According to Curtis, the Republicans have “nearly worn out the subpoena machine” investigating the foreign dealings of Hunter Biden and shouldn’t stop now.

A toaster is a wedding gift. A private-island party paid for by a Putin-connected oligarch is something else. Republicans nearly wore out the subpoena machine investigating Hunter Biden’s foreign relationships. We should not unplug it now. ‘Trust us’ was not enough then, and it… pic.twitter.com/dcWqUO6e2X

— Senator John Curtis (@SenJohnCurtis) September 22, 2026

The senator, who was elected to the Senate for the first time and doesn’t have any election dates until 2030, stated that it would help “to establish the facts, determine if there are relevant ethics, disclosure, or anti-corruption laws applicable, and identify what steps are needed to reform the role of the office to prevent its use for personal gain.”

Crypto promotion and prediction markets in the frame

In the case of Trump Jr., Curtis singled out several issues, among which crypto is very close. The lawyer mentioned the businessman’s active promotion of family cryptocurrency projects, work on prediction markets, foreign real estate transactions, and contracts with defense companies.

The latter issue is a subject for regulation since those platforms come under the authority of the Commodity Futures Trading Commission, and according to Curtis, the deals may bring up a question of whether foreign individuals have access to the relatives of the sitting president.

The catalyst of the deal was a gift. According to Curtis, Kremlev is a Russian oligarch who had recently traveled with Vladimir Putin’s delegation to China, and he threw an after-party in the Bahamas for the Trumps’ wedding. Trump Jr.’s wife, Bettina Anderson, stated on Instagram that the couple had been provided with the celebration on a private island, and it was a very generous gift from Kremlev. Last week, ProPublica published information that the event had been “secretly financed” by an oligarch associated with Putin. The president said last week that his son had paid back Kremlev.

But the demand was not limited to the Trump side alone. Curtis demanded that Hunter Biden be issued a subpoena as well, arguing that he had substantial business dealings abroad, especially with China and Ukraine, when his father either was in office or seeking office, CBS News reported. Joe Biden had pardoned his son in December 2024, but Curtis mentioned that the son had denied involving his father in business dealings.

Durbin, who is the ranking Democrat on the committee, supported the demand. He argued that “corruption at the highest levels of our government should never be tolerated,” and highlighted that whereas Hunter Biden had already testified under oath to Congress, Trump Jr. had not yet done so. To ignore the issue, according to Durbin, would be to make the committee a part of “a cover up.”

The CLARITY backdrop and $1.4 billion in crypto income

This is happening at a crucial time for crypto regulation policy. The letter came about a week after Republican senators failed to secure enough votes from the Democrats to move forward with the Digital Asset Market Clarity Act, which was to provide market structure regulations in the industry. Some of the Democrats stated that their reason for opposing it was that the president “was using crypto to convert the presidency into a money-making scheme.”

There is an actual figure behind this allegation. Trump has stated that he earned $1.4 billion through digital asset investments by 2025. Prior to this, the Democrats have called for investigations into his memecoin, World Liberty Financial, owned by his family, and a $500 million deal with the Abu Dhabi royal family. The Republicans said that Trump had made concessions on ethics language prior to voting.

• Global reach: The integration becomes immediately operational for corporate clients in over 130 countries.
• Operational performance: In 2025, the Stellar network recorded a volume of $55.6 billion through 3.6 billion transactions, with average settlement times of 5 seconds.
• Technical structure: Users access Stellar rails and its native assets through a single API, requiring no additional infrastructure development.

BVNK announced that it will integrate the Stellar blockchain to enhance its cross-border payment, remittance, and corporate treasury disbursement services starting September 22, 2026.

Stellar is now live on @BVNKFinance.

This integration gives enterprise customers access to the blockchain designed for high-volume, sub-penny digital asset transfers.

Cross-border payments, remittances, and treasury management. Stellar was made for global value movement. pic.twitter.com/ZkUBicPEOX

— Stellar (@StellarOrg) September 22, 2026

With this deployment, the corporate payment platform expands its multichain architecture for stablecoins. Through this tool, businesses will be able to process international payments with low fees and near-instant finality, connecting crypto liquidity with traditional banking infrastructure.

Multichain expansion for corporate settlements

The technical integration of the Stellar network allows business clients to execute fund disbursements and international transfers directly. BVNK reported that the implementation is designed to mitigate the operational complexity companies face when individually connecting to multiple blockchains.

By centralizing access within a single Application Programming Interface (API), organizations avoid rebuilding their IT systems as they incorporate new payment rails.

In terms of performance, in 2025, the Stellar network reported cumulative processing of $55.6 billion distributed across 3.6 billion operations, maintaining 99.99% uptime. Data from the network operator suggests that the cost per transaction represents a fraction of a cent, presenting a competitive alternative to conventional banking rails.

Regarding this, Denelle Dixon, CEO of the Stellar Development Foundation, stated that businesses moving capital at scale demand operational certainty in every payment corridor. According to her institutional stance, the alliance seeks to extend proven financial rails to regulated corporations processing regular settlements with stable digital assets.

This strategic move responds to the increase in institutional demand for stablecoins destined for daily treasury operations. Data from BVNK in July 2026 indicates that corporate stablecoin wallets function most frequently as global dollar account layers to mitigate operational frictions between diverse jurisdictions.

Through this technological layer, companies issuing B2B payments, international payroll, or supplier settlements can convert stablecoin balances into local fiat currencies and vice versa.

The regulatory framework has accompanied this corporate evolution. BVNK holds more than 40 licenses and registrations across different jurisdictions, including an Electronic Money Institution (EMI) license in the United Kingdom under FCA supervision, licenses in Malta adapted to MiCA regulations, and money transmitter authorizations in the United States.

Technical data from the firm suggests the progressive addition of more native Stellar assets within the same connection environment during the coming quarters.

As the next verifiable milestone on the company’s calendar, BVNK will complete the functional rollout of its unified stablecoin card and account infrastructure in the European market during the final quarter of 2026.

• Dogecoin is trading near $0.09986, up 1.04% over the last 24 hours, after briefly reaching around $0.1059.
• The move follows X’s rollout of trading links through its Cashtag system, involving Coinbase, Kraken, Gemini, Moomoo, and Interactive Brokers.
• Rising derivatives activity has added momentum, although $DOGE’s longer-term technical structure remains mixed as traders watch key moving averages.

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Dogecoin has extended its recent recovery, with $DOGE reaching its highest intraday level in months as the broader crypto market continues to attract buyers. The token is now trading around $0.09986, up 1.04% over the past 24 hours, keeping the psychological $0.10 level within close range.

The latest move comes alongside increased attention around X and its new Cashtag trading program. The platform has connected U.S. users with Coinbase, Kraken, Gemini, Moomoo, and Interactive Brokers, allowing supported stock and crypto tickers to display market information and a Trade option that redirects users to participating platforms.

$DOGE Rally Gains Momentum From X Trading Access

The connection with X is particularly relevant for Dogecoin because of Elon Musk’s long-standing public association with the cryptocurrency. While the new program does not mean $DOGE has been integrated as a payment asset on X, it creates a shorter path between financial discussions, market data, and trading activity.

$DOGE moved from an opening level near $0.0999 to an intraday high around $0.1059 before giving back part of the advance. Recent market activity around the $0.10 area suggests that traders are actively responding to the renewed momentum.

Derivatives are adding another layer to the move. Dogecoin futures markets have recorded significant trading activity, with perpetual contracts attracting substantial participation. Higher derivatives activity can amplify price movements when traders increase leveraged positions, creating opportunities for faster gains but also increasing downside risk.

Technical Signals Point To A Key Test

Momentum indicators also show why $DOGE has attracted renewed attention. Recent market analysis has placed its daily RSI near the upper end of the neutral-to-bullish range, while ADX remains above the level commonly associated with an established trend. These readings indicate that momentum has strengthened, although they do not guarantee that the advance will continue.

At the same time, the chart still carries a longer-term technical obstacle. $DOGE’s 50-day EMA remains below its 200-day EMA, preserving the bearish crossover that traders often monitor after extended periods of weakness. A sustained recovery would therefore require more than a single strong session to change the broader moving-average structure.