SEC custody proposal opens crypto strategies to mutual funds
The SEC's proposal would let regulated funds keep crypto with their advisers and open crypto strategies that qualified-custodian uncertainty has kept off the table.
Articles
Coinbase tokenized stocks on Base hit $1.5B in 30-day DEX volume, up 313%
Tokenized stocks issued by Coinbase on Base traded $1.5 billion on DEXs in 30 days, up 313%, led by NVDAc, METAc and GOOGLc.
Who controls Blast’s last $51 million? Multisig risk hangs over the Oct. 26 withdrawal deadline
Ethereum Layer 2 Blast is winding down with about $51 million in bridged user funds still in its contracts, and any three of five keyholders can change those contracts or pause withdrawals before the Oct. 26 deadline.
Ethereum Foundation Launches zkAPI for Anonymous Pay-Per-Use APIs
The Ethereum Foundation and Open Anonymity Project launched zkAPI on Ethereum mainnet, letting users pay for metered APIs with zero-knowledge proofs instead of an identity.
Bitget vs THORChain: can permissionless protocols refuse stolen funds?
Bitget CEO Gracy Chen asked THORChain to refuse service to attacker addresses; the protocol says it cannot selectively freeze funds.
Open USD strips out stablecoin fees and hands equity to its users
Open USD went live on Sept. 30 with no minting or redemption fees and most reserve revenue going back to partners, a direct challenge to the fee-based economics of USDT and USDC.
Citi and Coinbase just made stablecoins invisible inside ordinary bank accounts
Citigroup and Coinbase now convert stablecoins into dollars, and dollars into stablecoins, automatically for business clients, making crypto payments ordinary banking plumbing.
SEC’s ‘Crypto Mom’ Hester Peirce Resigns, Urges Privacy-Preserving Crypto Rules
Outgoing SEC Commissioner Hester Peirce argued regulators can catch criminals while collecting less personal data, then announced her Oct. 2 resignation.
With the CLARITY Act stalled, the CFTC writes its own crypto rules
The CFTC updated its crypto FAQs to let registered firms invest customer funds in tokenized assets and keep regulatory records on a blockchain.
THORChain earned nearly $1.2M in fees moving Bitget’s stolen funds
THORChain processed $678 million in the two days after the Bitget hack and earned nearly $1.2 million in fees while refusing to block the attacker's wallets.