Kazakhstan Dismantles Crypto Exchange Linked to $224 Million Money Laundering Operation

PANews reported on September 30th that Michael Saylor, according to Bloomberg, is unfazed by the shrinking premium his digital asset treasury firm, Strategy Inc., has long enjoyed on its Bitcoin holdings. Strategy's stock price has fallen approximately 20% since June, while Bitcoin has risen approximately 6% to a record high. This underperformance has led critics to question the effectiveness of Saylor's pioneering buy-and-hold cryptocurrency strategy. "I'm not overly concerned," Saylor said in an interview on Monday. "The reality is that as our leverage increases and Bitcoin volatility rises, the premium widens. And when volatility decreases and our leverage decreases, the premium sometimes shrinks. The market is still trying to digest this new business model, and the concept of a Bitcoin treasury company has only gradually emerged in the past year or so."

PANews reported on September 30 that according to Jinshi, U.S. Senate Republican leader John Thune said that the Senate will vote again on Tuesday on a bill to avoid a government shutdown.

PANews reported on September 30th that the U.S. Securities and Exchange Commission (SEC) has suspended trading in QMMM Holdings Ltd.'s stock after its share price surged nearly 1,000% in less than three weeks, according to Bloomberg. The SEC stated on Monday that recommendations to buy QMMM stock posted on social media by "unidentified individuals" may have manipulated its share price. Since QMMM announced earlier this month that it would establish a "diversified cryptocurrency treasury" with an initial investment of $100 million, targeting investments in Bitcoin, Ethereum, and Solana, its share price has surged 959%. The SEC stated that the trading suspension is a temporary measure and will end at 11:59 PM EST on October 10th. On Monday, the SEC also suspended trading in Smart Digital Group Ltd.'s shares for similar reasons. The suspension will also expire at 11:59 PM ET on October 10. The company announced last week that it would establish a "diversified cryptocurrency asset pool," focusing on digital assets like Bitcoin and Ethereum. Since the announcement, its stock price has fallen significantly.