🗞️ Need to catch up on the news? Here's our top 10 from today:🔸 Kadena announces it's shutting down operations immediately due to market conditions.🔹 President Trump says, "New tariffs on China will rise to 155% effective November 1."🔸 “Base is building private transactions, following its Iron Fish acquisition in March 2025," says Coinbase CEO Brian Armstrong.🔹 Gold just posted its steepest daily loss since August 2020, down roughly 5.5%.🔸 Crypto Czar David Sacks will meet tomorrow with GOP members of the S ...

Industry News - Blockchain analytics firm Bubblemaps launched Intel Desk [1] Product Launch - Intel Desk offers BMT rewards for scam reports [1]

Market Trends & Cryptocurrency Performance - Crypto majors mostly rallied post-FOMC [1] - Bitcoin increased by 1% to $117,300 [1] - Ethereum increased by 2% to $4,580 [1] - XRP increased by 3% to $3.11 [1] - Solana jumped 5% to $247 [1] - BNB crossed $1,000 for the first time [1] - Memecoin leaders are mostly green post-FOMC [2] ETF & Regulatory News - Bitcoin ETFs saw $51 million in net outflows [1] - SEC approved a generic listing standard which will greatly accelerate the approval process for crypto ETFs [1] - NYDFS told banks to adopt blockchain analytics for AML/sanctions controls [1] Partnerships & Integrations - Moneygram is embracing stablecoins in partnership with Crossmint [1] - Kraken and Circle are partnering to expand stablecoin access with USDC & EURC integration [1] Token & Protocol Developments - ASTER soared to $0.47 and a $750 million market cap ($3.75 billion FDV) [2] - Project X announced its Phase 2 allowing any coin from any chain to be trading directly on their platform with 0 aggregator fees [2] - Token Works and PNKSTR announced perpetual machine rollouts for 5 new NFT collections [1][2] - Bio Protocol raised $6.9 million in seed funding [3] NFT Market - ETH NFT leaders were mostly green after the TokenWorks news [3] - Punks floor price decreased by 1% to 48.3 ETH, Pudgy increased by 2% to 10.5 ETH, BAYC increased by 2% to 9.3 ETH [3]

Core Insights - The New York State Department of Financial Services (NYDFS) has mandated banking organizations to implement blockchain analytics tools for compliance with cryptocurrency activities [1][4][5] Group 1: Regulatory Changes - The guidance issued on September 17 extends previous requirements for licensed virtual currency entities to traditional banks in New York [2][4] - All state-chartered banks and branches of foreign banking organizations in New York are affected by this directive [2] - The new rules build on existing regulations from April 2022, which required licensed virtual currency firms to use blockchain analytics [4] Group 2: Compliance Requirements - Banks must utilize blockchain analytics tools for various compliance functions, including risk assessment of customer wallets and verifying the source of funds from virtual asset service providers [6][7] - Additional compliance applications include evaluating risks from third-party virtual asset service providers and monitoring customer activity in virtual currency transactions [7] Group 3: Rationale and Implications - The NYDFS cited increasing bank exposure to digital assets as a reason for extending compliance requirements [5] - The guidance establishes supervisory expectations rather than formal rulemaking, allowing flexibility in implementation while setting clear compliance standards [8]

Crypto Security & Fraud Prevention - Binance, Chainalysis, and APAC law enforcement collaborated to freeze nearly $50 million in illicit funds [1] - The funds were linked to pig butchering scams, a type of fraud [1] - The collaboration utilizes blockchain analytics and public-private partnerships [1] Industry Impact - The initiative aims to disrupt scams and protect the crypto ecosystem [1]