The SEC delayed decisions on adding staking to BlackRock’s iShares Ethereum ETF and on Franklin Templeton’s proposed Solana and XRP funds, extending Nasdaq’s staking deadline to Oct. 30 and pushing
Trump unsuccessfully attempted to reshape the Federal Reserve leadership. The recent judicial decision favored the Fed's independence narrative. Continue Reading: Trump Faces Setbacks in Shaping the Federal Reserve The post Trump Faces Setbacks in Shaping the Federal Reserve appeared first on COINTURK NEWS .
The SEC has extended review deadlines for multiple crypto ETF proposals, moving Franklin Templeton’s Ethereum staking decision to Nov. 13 and its Solana and XRP filings to Nov. 14, while
The SEC pushed off whether to allow staking for the iShares Ethereum ETF, and on proposed Franklin Templeton funds tracking Solana and XRP.
The SEC has extended deadlines for crypto funds tracking Solana and XRP, along with proposals targeting Ether staking.
Polygon software bug caused some RPC and Bor nodes to fall out of sync, but block production continued. The Polygon Foundation executed a hard fork and released Heimdall v0.3.1 and
Synopsys shares experienced a sharp 35% drop in price after the company’s quarterly results disappointed investors. The U.S.-China trade tensions have affected the businesses of companies that rely on the Chinese market for a substantial portion of their revenue, and Synopsys has taken a beating today, Wednesday. Synopsys’ SNPS share is down about 35% today. Source: Google Finance Synopsys shares have plunged by 35% Shares of Synopsys fell by nearly 35% on Wednesday, putting the chip design software company in a position to lose all of its 2025 gains. The dramatic drop was a result of the company’s weak quarterly results due to the effects of the escalating U.S.-China trade tensions on its business. The 35% plunge is Synopsys’ biggest single-day decline on record. The company reported a third-quarter revenue of $1.74B for the period ending July 31, falling below estimates by analysts, according to LSEG data. Synopsys’ CEO Sassine Ghazi cited a weakness in the company’s intellectual property (IP) business, which was disrupted by U.S. export restrictions to China and difficulties with a major foundry customer. The export restrictions, imposed in late May, limited the sale of advanced chip design software to China. The Chinese market accounts for over 10% of revenue for many companies within the industry. The restrictions were later lifted in July, but analysts say that the damage had already been done. “Chinese customer confidence has been shaken and spending appetite has waned considerably,” analysts at Piper Sandler stated. Successive U.S. administrations have tightened curbs on Beijing’s access to American semiconductor technology in an effort to safeguard national security and slow China’s technological advances, but their policies have increasingly strained the supply chain of U.S. firms like Synopsys. Shares of a peer company, Cadence Design Systems, also fell by nearly 7% on the news. Strategy changes within the industry Synopsys’ CEO Ghazi stated that a major foundry customer has scaled back their projects, further affecting the firm’s results. Ghazi did not name the customer, but analysts believe that the company is Intel , one of Synopsys’ long-time partners. Intel has recently backed out of furthering its manufacturing ambitions. The company has slowed down and canceled some foundry projects tied to its “18A” technology node. The program had initially been intended for external customers but has now been repositioned for Intel’s own products. Intel’s CEO, Lip-Bu Tan, has said that the company sees a “reasonable return” from 18A only if it is used internally. J.P. Morgan analysts suggested that Synopsys had likely concentrated significant IP resources on the 18A platform, leaving it exposed when Intel shifted course. Weeks after the company closed its $35B acquisition of engineering design software firm Ansys, Synopsys announced a strategic review of its operations. As part of the restructuring, Ghazi announced that the firm will reduce its workforce by 10% by the end of fiscal year 2026. Despite the challenges, Synopsys remains a critical supplier of chip design tools and IP to the semiconductor industry.Its products are essential for companies developing advanced processors that power everything from smartphones to data centers and artificial intelligence systems. The smartest crypto minds already read our newsletter. Want in? Join them .
Cobo founder DiscusFish has said that the new iPhone 17 introduces a new Memory Integrity Enforcement (MIE) feature that boosts crypto wallet security. The system is designed to block advanced memory attacks during crypto wallet signing by combining hardware and software protections. Why It Matters for Crypto Users Apple shared in a September 9 blog post that MIE is powered by the A19 chip and uses Enhanced Memory Tagging Extension (EMTE), which checks memory in real-time. This setup instantly blocks common exploits such as buffer overflows and use-after-free attempts. For the crypto industry, this is important because memory flaws account for nearly 70% of all software vulnerabilities and are a common entry point for malware during wallet operations. Signing processes have always been a top target for hackers, as a single weak spot can lead to the theft of funds. Apple’s new MIE steps in by stopping these attacks at the hardware level before they can cause damage. Shutting down these threats early makes wallet signing much safer and harder for spyware to steal assets. Another benefit is that protections are always on, meaning users do not need to set up anything themselves. DiscusFish called the feature “a major win for high-net-worth crypto users and frequent signers.” Apple has also addressed side-channel risks with a function called Tag Confidentiality Enforcement (TCE), which prevents attackers from exposing memory tag values through speculative execution or other ways. This closes another pathway often used by hackers to get wallet data. The company’s security team confirmed that MIE was tested against real-world exploit chains, with most attacks stopped in their earliest stages. This reduces the opportunities for bad actors to compromise software. Additionally, the protections go beyond Apple’s native tools. Developers can also enable these features through Enhanced Security settings in Xcode, allowing crypto apps outside Apple’s ecosystem to benefit from the same defense model. iPhone 17 Sets New Standard for Wallet Safety Overall, the new iPhone 17 reduces the risk of spyware targeting private keys by combining typed memory allocators, tag checks, and confidentiality safeguards. This means that digital asset owners can reduce reliance on external hardware wallets or specialized devices for everyday signing. Elsewhere, a recent report from Web3 security firm CertiK revealed that more than $2.1 billion has already been lost to crypto-related attacks in 2025. Wallet breaches account for the bulk of these losses, with compromised apps alone responsible for $1.6 billion. The company added that this makes them the most damaging attack vector by a wide margin. The post iPhone 17’s New MIE Feature Strengthens Crypto Wallet Security appeared first on CryptoPotato .
The U.S. Trustee Program (USTP) has secured a judgment denying bankruptcy protection to a Texas man who attempted to evade more than $12.5 million in debts linked to a cryptocurrency Ponzi scheme. On August 1, the Bankruptcy Court for the Southern District of Texas entered a default judgment against Nathan Fuller, owner of Privvy Investments LLC. Fuller had filed for Chapter 7 bankruptcy in October 2024, shortly after a state court appointed a receiver to seize his assets following investor lawsuits. But federal investigators found that Fuller concealed assets, falsified documents, and lied under oath in an effort to avoid repaying creditors. Bankruptcy Court Bars Crypto Scheme Operator From Discharging $12.5M According to the USTP, Fuller used Privvy Investments to solicit funds under the guise of crypto investments, only to divert investor money for personal use. Records show that he spent heavily on luxury items and gambling trips and purchased a nearly $1 million home for his ex-wife, who was also involved in the business. Despite the separation, Fuller continued to reside at the property. U.S. Trustee Kevin Epstein, who oversees Region 7 covering the Southern District of Texas, said the ruling underscores the program’s stance against fraud. “Fraudsters seeking to whitewash their schemes will not find sanctuary in bankruptcy,” Epstein said in a statement. “The USTP remains vigilant for cases filed by dishonest debtors, who threaten the integrity of the bankruptcy system.” Investigators alleged that Fuller not only concealed extensive assets but also failed to maintain records and submitted false testimony in both his personal bankruptcy filing and the one filed on behalf of Privvy. At one point, Fuller was held in civil contempt for failing to comply with court orders. During proceedings, he admitted to operating Privvy as a Ponzi scheme, fabricating documentation, and providing false statements designed to obstruct the work of the court-appointed Chapter 7 trustee. After failing to respond to the USTP’s complaint, the court entered a default judgment in favor of the agency. As a result, Fuller remains personally liable for his debts, including more than $12.5 million in unsecured obligations listed in his filings. Creditors are now free to continue collection efforts against him. The USTP said its mission is to protect the integrity of the bankruptcy system for debtors, creditors, and the public. The agency emphasized that the outcome in Fuller’s case demonstrates its commitment to holding dishonest actors accountable. The judgment adds another chapter to the mounting scrutiny around crypto-linked investment schemes. While legitimate blockchain firms continue to raise capital and build infrastructure, fraudulent ventures such as Fuller’s highlight the risks facing investors. Earlier this year, web3 wallet infrastructure firm Privy, a separate company unrelated to Fuller’s operation, closed a $15 million funding round led by Ribbit Capital, bringing its total raised to more than $40 million. The company’s wallet-enabled stack powers projects like Hyperliquid, Farcaster, OpenSea, and Blackbird, serving over 50 million accounts across payments, DeFi, and gaming. The juxtaposition of these developments reflects a maturing crypto sector still grappling with trust issues stemming from fraud. Fraud Shadows Over Crypto Sector as Similar Cases Highlight Investor Risks In a similar case, on July 8, San Jose-based fintech firm Linqto filed for Chapter 11 bankruptcy in the Southern District of Texas, exposing deep cracks in its business model. Linqto’s Chapter 11 filing uncovers the pre-IPO illusion, as investors may not have owned shares as believed. #Linqto #Bankruptcy https://t.co/1VVgzRgi5s — Cryptonews.com (@cryptonews) July 8, 2025 Once marketed as a gateway for everyday investors to buy pre-IPO shares in tech giants like Ripple and CoreWeave, the platform now faces allegations that customers may never have actually owned the shares they believed they purchased. The company listed assets and liabilities between $500 million and $1 billion, with more than 10,000 creditors potentially affected. Chief Restructuring Officer Jeffrey Stein said “years of mismanagement” and securities law violations dating back to 2020 left Linqto possibly insolvent, further shaking confidence in retail access to private markets. @TheJusticeDept has filed a civil forfeiture complaint to recover $5M in stolen bitcoin traced to SIM swap attacks. #Bitcoin #Cybercrime #Simswap https://t.co/tlTqzTUKDr — Cryptonews.com (@cryptonews) September 9, 2025 Separately, the U.S. Department of Justice announced yesterday a civil forfeiture action to seize over $5 million in Bitcoin stolen through SIM swap attacks. Prosecutors said attackers hijacked victims’ phone numbers between October 2022 and March 2023, intercepting authentication codes to drain crypto wallets. The stolen funds were allegedly funneled through multiple wallets and eventually into an account at Stake.com, an online casino. Investigators accuse the perpetrators of using circular transactions to disguise the source of the Bitcoin before consolidation. The post Texas Ponzi Scheme Debtor Denied $12.5M Bankruptcy Protection in Crypto Case appeared first on Cryptonews .
If the president breaks the Fed, he’ll own the budget problems