🚀 Crypto News LIVE: Venus Protocol Updates, SEC Crackdowns, WLFI Price Surge, XRP Latest & More Breaking Developments

Breaking: Regulatory tremors shake crypto markets as SEC flexes enforcement muscles—again. Venus Protocol's latest upgrade sends DeFi yields surging while WLFI tokens defy bearish sentiment with unexpected momentum.

XRP developments hint at institutional adoption breakthroughs as Ripple labs navigates regulatory minefields. Market watchers note unusual whale activity across major exchanges—someone's accumulating.

Traders scramble to reposition portfolios amid shifting regulatory winds. The usual Wall Street suits still can't decide whether to ban it or buy it—classic finance hypocrisy at its finest.

September 2, 2025 10:55:35 UTC

India to Enforce OECD Crypto-Asset Reporting by 2027

India will adopt the OECD’s global Crypto-Asset Reporting Framework (CARF) by 2027, bringing offshore crypto holdings of Indian residents under strict tax reporting rules. This adds to India’s already tough regime of 30% gains tax, 1% TDS, and no loss set-off. With CARF, foreign-held crypto assets will also come under the scanner, tightening oversight and closing loopholes for Indian investors.

September 2, 2025 10:54:12 UTC

Venus Protocol User Loses $27M in One Bad Approval

A Venus Protocol user lost $27M in a single click after approving a malicious transaction that granted unlimited wallet access. The attacker’s burner wallet (0x7fd8…202a) instantly drained $19.8M vUSDT, $7.15M vUSDC, $146K vXRP, $22K vETH, and 285 BTCB. Importantly, Venus Protocol itself was not hacked; this was a case of social engineering. One bad approval led to the loss of generational wealth, highlighting the extreme risks of unsafe approvals in DeFi.

September 2, 2025 10:52:18 UTC

Amplify Files for Spot Income XRP ETF With Yield Twist

Amplify, a U.S. investment firm managing $12.6B across 70+ ETFs, has filed for a spot income XRP ETF, drawing attention in the crypto space. Unlike traditional ETFs, this product aims to combine xrp price exposure with covered calls, generating monthly income for investors seeking both yield and upside. Notably, Amplify may not directly custody XRP, instead holding assets tied to its value. The filing, highlighted by lawyer Bill Morgan, still awaits SEC approval.

September 2, 2025 10:38:54 UTC

Trump-Backed WLFI Faces Heavy Sell-Off as Presale Investors Cash Out

Over 9,000 onchain holders have offloaded more than $22M worth of WLFI since launch, with $1B deposited on exchanges. WLFI, sold in presale rounds at $0.015 and $0.05, launched September 1 at $0.30, hitting a peak above $0.33 before dropping 25% from ATH. Data shows $18.3M sold on ethereum by 4,649 wallets and heavy selling on Solana as well. Presale investors appear to be locking in profits amid the downturn.