South Korea’s Financial Services Commission said the Digital Asset Framework Act will be submitted in November for review by a committee under the National Assembly, pushing back on claims that the country’s second phase of crypto legislation has been delayed. Seo Na yoon, director of the FSC’s Digital Asset Bureau, said preparations for the bill are moving ahead on schedule. The proposed law is intended to set up a broader regulatory framework for South Korea’s crypto sector, covering investor protection, market oversight, and operating standards for virtual asset service providers, or VASPs. The move is described as a deeper step in the country’s crypto regulatory effort following the implementation of the Virtual Asset User Protection Act.

OKX said it has rolled out the OKX Shield protection plan in Europe, introducing what it described as a new benchmark for crypto user protection in the region. Under the plan, eligible users can receive compensation of up to €100,000. For VIP users, the maximum payout rises to €500,000. The announcement was cited by Techub News and attributed to OKX. The company said the program offers industry-leading protection measures and framed the launch as setting a new standard for crypto protection in Europe. No additional details on eligibility, scope, or claims procedures were disclosed in the brief announcement.

NVIDIA’s valuation has continued to decline, according to market data from BIT (bit.com), in a move that signals growing concern over whether the chipmaker can sustain its explosive profit growth. The company’s stock is now trading at less than 17 times its projected earnings for the next 12 months, marking what the report described as its cheapest level in more than a decade. That multiple is only half of where it stood in 2025, when NVIDIA’s revenue and profit were growing at a slower pace. It is also well below the level seen in May this year, when the stock traded at more than 25 times forward earnings. The latest reading points to a sharp reset in how the market is pricing the company’s near-term earnings outlook.

The European Central Bank and national central banks across the European Union have pushed back against a proposal in consultations on the Markets in Crypto-Assets regulation, or MiCA, that would require major stablecoin issuers to keep at least 60% of their reserve assets in bank deposits. According to Reuters, the central bank system argued that such a rule could expose banks to volatility tied to the stablecoin market and weaken deposit stability. Instead, the authorities proposed a different reserve structure, saying a set share of reserve assets should consist of short-term instruments maturing within one and five working days. The ECB and EU central banks also warned that enforcement remains difficult even after MiCA has taken effect. In their view, non-compliant crypto firms can still reach customers in the European Union, creating what they described as a “major challenge” for supervision and raising risks for investor protection.

Zcash has climbed roughly 32% over the past week, reached about $1,595 on Sept. 19, and rose to No. 9 by market value, according to Unchained. While the most common explanation for the move is renewed interest in privacy coins, Helius co-founder and CEO Mert Mumtaz argued on the Sept. 21 episode of Unchained that privacy alone does not explain Zcash’s outperformance. In his view, the stronger case ties together privacy, store-of-value characteristics, scale, and quantum resistance. Mumtaz said a true store-of-value asset should minimize surprises, including regulatory surprises and questions around fungibility. He described privacy as one requirement inside a broader package rather than the sole driver. He also pointed to Zcash’s work on faster block times and a future upgrade aimed at full quantum resistance, noting that the network today is quantum-recoverable rather than quantum-proof. The article also highlighted a more concrete catalyst: Grayscale’s spot Zcash exchange-traded fund, ZCSH, listed on Aug. 25 and has drawn $233 million in inflows. At the same time, other privacy coins including Monero and Dash have also moved higher, suggesting a broader sector rotation. Mumtaz added that if privacy becomes common across chains, Zcash would need the fuller store-of-value thesis to keep its edge.

The Senate’s failure to advance the CLARITY Act on Sept. 15 did not erase regulatory clarity for crypto, according to Chris Perkins, head of Franklin Crypto. Speaking on the Sept. 21 episode of Unchained’s Bits + Bips podcast, Perkins argued that recent actions by the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission have already given institutions a workable framework, even without Congress writing digital-asset rules into federal law. Perkins pointed to the SEC’s five-year innovation exemption, issued two days after the Senate vote, which allows venues to trade tokenized U.S. stocks on public blockchains without registering as national securities exchanges, according to CoinDesk. He also cited the CFTC’s position that it will write its own crypto rules if Congress does not act. In his view, those moves answer a long-running industry dispute over whether tokens should be treated as securities or commodities. He described the shift as a broader regime change, saying crypto is beginning to trade more on fundamentals than as a frontier risk asset. Still, the framework remains temporary. The SEC exemption lasts five years and is subject to public comment, while the CFTC’s recent guidance says it is not binding on the commission. At the same time, the legislation may not be finished, with seven Senate Democrats reopening negotiations on market-structure legislation within days of the failed vote.

ByteDance has launched a Draft preview mode for the Seedance 2.5 API, letting users generate lower-cost 480P sample clips before committing to a 1080P final version. The workflow is aimed at reducing the expensive trial-and-error phase common in AI video generation, where users often need multiple attempts before landing on a satisfactory result. According to the description in the source, the feature is also available in Jimeng under 「Seedance 2.5 (Draft Mode)」. The process differs from simply testing a prompt in low resolution and then rerunning the same prompt in high resolution. When a user chooses to render in 1080P, the model links the selected draft clip’s ID and reuses parameters including the prompt, reference materials, seed, aspect ratio, and duration for a new inference pass intended to preserve the original structure, framing, and motion. The source also notes that the output is not a frame-by-frame replica, nor a basic super-resolution upgrade from 480P to 1080P, because local textures, small text, and crowd counts may still change. Official estimates cited in the report say a 5-second 1080P video without video input can cut costs by 57% and nearly double generation speed if users need four tries on average; if 20 tries are needed, savings can reach 77%.

Taiwan startup Tron Future Tech is preparing to launch T.MicroSat-3 and T.MicroSat-4, the third and fourth satellites in its “Zhongque” low Earth orbit communications constellation, on SpaceX’s upcoming Bandwagon-5 rideshare mission. German launch integrator Exolaunch, which also supported the first two satellites, will again handle mission integration. Once the two spacecraft reach orbit, the four-satellite constellation will be complete. The project is part of the Taiwan Space Agency’s second-phase startup satellite program, launched in 2023, which assigned three domestic companies to build separate four-CubeSat constellations spanning satellite development, launch, ground control, and application services. Tron Future Tech’s system focuses on broadband communications using four 8U CubeSats. The company said earlier this year that T.MicroSat-1 and T.MicroSat-2 had completed Ka-band downlink verification and entered end-to-end communications testing. With T.MicroSat-3 and T.MicroSat-4, the program will move into its next phase, adding inter-satellite link testing at a designed data rate of 1 Mbps and expanding validation from individual spacecraft to the full constellation. Tron Future Tech has said one target is to build a B5G/6G technology test platform for low Earth orbit constellations.