The US Department of Justice accuses Iran of using Binance to launder $2 million in oil profits

The Balancing community has proposed an orderly closure of the agreement, with plans to halt new business expansion, terminate the agreement in stages, and close the DAO within feasible limits. The treasury will be distributed proportionally to BAL holders in physical form, with a current valuation of at least $9 million. The repurchase of BIP-919 will be cancelled and BIP-687 will be replaced. The notification period for contributors is until October 31, 2026, and the funding pool will be converted to only withdrawable on October 30. The first round of distribution will begin at the end of May 2027, with holders destroying BAL to obtain treasury shares; The second round is the airdrop for redeeming addresses in the first round, which will be conducted within two months after the deadline; Final liquidation will be conducted in six months. The snapshot voting is scheduled from September 25th to 29th.

Eight banking trade groups have sent a letter to the US Senate, pointing out that the deposit outflow circuit breaker mechanism in the CLARITY Act is only activated after a large-scale deposit outflow occurs and is not an effective safeguard measure. They call for tightening the provisions related to stablecoin rewards and plugging the loophole that allows stablecoin balances to receive interest payments. (Source: Eleanor Terrett)

According to Santiment data, during the three weeks when Bitcoin fluctuated above $80000, Giant Whale Wallet, which held 100000 to 10000 BTC, reduced its holdings by 0.20%, while retail wallets holding less than 0.01 BTC increased their holdings by 0.09%. （Santiment）

The SEC chair said crypto issuance, transfer agent modernization and custody will form the backbone of the agency’s regulatory push.

The US Department of Justice accuses Iran of using Binance to launder $2 million in oil profits. （BWEnews）