Whale address billΞ.eth (@0xbilly) withdrew 500,000 LIT worth $2.07 million from perpetual futures DEX Lyra about two hours ago, on-chain analyst ai_9684xtpa said. Source: Coinness

South Korean exchange Bithumb announced it will temporarily suspend BABY deposits and withdrawals at 9:00 a.m. UTC today to support a Babylon network upgrade. Source: Coinness

Allowing corporate cryptocurrency accounts in South Korea could broaden the market’s demand base, with corporate crypto assets under management potentially reaching as much as 82 trillion won ($59 billion) by 2030, according to a report by Asia-based Web3 research and consulting firm Tiger Research. The report said South Korea’s crypto market has substantial trading volume, but growth has been concentrated among retail investors because corporate participation remains restricted. It added that permitting corporate accounts would mark the next stage in expanding the market’s demand base and could create about 570…

South Korea’s deputy prime minister and finance minister nominee Lee Hyoung-il said virtual asset taxation should begin in January, adding in materials submitted to the National Assembly ahead of a confirmation hearing on Sept. 15 that detailed taxation standards are scheduled to be announced through a National Tax Service notice within the year. According to Edaily, Lee said taxing virtual assets would help improve fairness, noting that stocks are already subject to capital gains taxes in some cases, including major shareholders, overseas holdings and unlisted shares, as well as transaction…

Santiago R. Santos, a former Parafi Capital partner and founder of acquisition firm Inversion, criticized effective altruism, or EA, while mentioning both FTX founder Sam Bankman-Fried, or SBF, and Anthropic CEO Dario Amodei. In a post on X, Santos said anyone in the crypto industry knows how destructive EA can be, arguing its adherents believe only they can save the world and will pursue their goals regardless of the means even if major harm is caused in the process. Santos added SBF actively lobbied to block decentralization and open finance,…

Ethereum founder Vitalik Buterin said mechanism design theory for governance systems could be applied to AI safety. In a recent post on X, Buterin said governance and the challenge of humans controlling AI systems more powerful than themselves are structurally similar, as both require relatively simple rules to prevent exploitation by more capable participants. Buterin added that existing anti-collusion mechanisms from governance could be adapted to help prevent multiple AI systems from colluding to bypass human control. Source: Coinness

U.S. Senate Republicans have unveiled new draft language for the CLARITY Act that includes revised ethics provisions agreed to by President Donald Trump, Crypto in America host Eleanor Terrett said. The revisions also include blockchain regulatory clarity provisions, stablecoin yield language and agriculture-related measures. Republicans described the amendment as their "last and best final offer" to Democrats, according to Terrett. Under the ethics provisions, Trump accepted about 80% of language proposed by Sen. Thom Tillis, including measures to divest significant crypto-related financial interests or place them in a blind trust.…

The family wealth of U.S. Commerce Secretary Howard Lutnick has more than doubled since he joined the Trump administration, reaching an estimated $7.3 billion, Forbes reported. The increase was driven by a sharp rise in the value of an indirect stake in Tether, the issuer of the world’s largest stablecoin, USDT. Before taking office as commerce secretary, Lutnick held a 55% stake in Cantor Fitzgerald, which owns a stake in Tether. Forbes estimated the value of Lutnick’s former Cantor Fitzgerald stake at about $5.4 billion, more than tripling from $1.7…

South Korean crypto exchange Upbit recorded 11.2 trillion won ($8.35 billion) in trading volume last week, up 6.74% from the previous week, The Block reported. XRP was the most-traded cryptocurrency on Upbit, followed by BTC and USDT. Source: Coinness

Jang Dong-hyuk, leader of South Korea’s People Power Party, said in a Facebook post he strongly opposes the introduction of a central bank digital currency until complete legal and institutional safeguards are in place to ensure public confidence. Jang said some view a CBDC as a new technology that could improve payment convenience and efficiency, but argued it should not be rushed simply because it is convenient. Jang also said authorities must first answer how far citizens’ transactions could be tracked, whether a path could open to controlling where money…

South Korea’s Kwangju Bank said on Sept. 14 it completed a proof-of-concept project for digital meal vouchers at its staff cafeteria with the Solana Foundation and blockchain infrastructure company Nodeinfra. The project was carried out as a follow-up to a business agreement signed with the Solana Foundation in June. Kwangju Bank said it implemented the entire process on a Solana-based blockchain environment for headquarters employees, from issuing digital wallets to issuing and using meal vouchers, transferring them between employees, and settlement. Based on the pilot’s results, the bank plans to…