The Federal Reserve Board opened two GENIUS Act proposals for comment, covering stablecoin reserves, capital charges, redemption limits, and bank applications. Two business days. That is the longest a holder would wait for dollars from a stablecoin issuer the Federal Reserve supervises, if the new proposal survives public comment. The...
KelpDAO Files Lawsuit Against LayerZero Over $292M Bridge Exploit
KelpDAO filed a lawsuit against LayerZero over a $292M bridge exploit, alleging security failures and risks linked to its 1-of-1 verifier setup. KelpDAO has filed a lawsuit against LayerZero and co-founder Bryan Pellegrino. The case follows a $292 million bridge exploit. KelpDAO claims LayerZero did not reveal significant technology risks...
SEC’s Hester Peirce Calls for Zero-Knowledge Proofs in KYC
Can zero-knowledge proofs replace KYC data collection? SEC’s Hester Peirce says yes; here’s her case for privacy-first compliance. SEC Commissioner Hester Peirce has pushed for zero-knowledge proofs as a way to bring KYC and anti-money laundering practices into the modern era. Her point is that regulators can confirm compliance without...
Institutions Refused to Sell Crypto During 50% Crash, Bitwise Report Finds
None of 15 institutions cut crypto exposure during the roughly 50% market drawdown. Bitcoin remained the only crypto asset held by every institution in the survey. Most institutional crypto allocations ranged between 1% and 2% of investable assets. Bitwise’s first Institutional Crypto Adoption Report found that none of 15 interviewed...
Bitcoin (BTC) Price Holds $83.8K: Why $87K Could Be the Next Key Level
Bitcoin defends $83.8K as analysts eye $87K; is a fresh leg toward $126K still on the table? Here’s what to watch. Bitcoin is trading near $84,192 after defending the $83.8K long-POI identified by analyst Lennaert Snyder. CoinGecko data shows BTC down 0.96% over 24 hours, while gaining 9.74% over the...
BlackRock and Ondo Launch Tokenized ETF Portfolios
BlackRock and Ondo Finance launch tokenized ETF portfolios for non-U.S. investors, bringing onchain model portfolios to global crypto markets. BlackRock and Ondo Finance have launched a new product called Ondo Intelligent Portfolios today. It is the first time BlackRock’s customized ETF portfolio strategies have been brought onchain. According to WSJ,...
Russia Shifts Stablecoin Freeze Risk Onto Investors
Russia shifts foreign stablecoin freeze risks to investors as new crypto rules expand reporting, testing, and oversight across the digital asset market. Russia estimates 20 million crypto users hold RUB 3.7 trillion, while new rules expand oversight of digital asset activity. Under the new Russian cryptocurrency legislation, the country will...
Bitcoin Holders Cash Out Near $88K While Wall Street Sets Records
Bitcoin short-term holders are locking in profit near $88,000 even as Nasdaq hits record highs, and Strategy and BitMine shares claw back sharp gains. Coins are moving again. Bitcoin short-term holders sent a decent chunk of BTC to exchanges this week as price pushed back toward $88,000. CryptoQuant’s on-chain data...
CME Group Expands Crypto Derivatives With BCH and UNI Futures
Bitcoin Cash and Uniswap will join CME Group’s growing crypto futures lineup, with trading planned for October 19. CME Group is adding Bitcoin Cash and Uniswap futures to its growing cryptocurrency derivatives lineup. Trading is scheduled to begin on October 19, subject to regulatory review. Both assets will be available...
Infosys Partners With Chainlink to Advance Institutional Onchain Finance
Infosys partners with Chainlink to advance institutional onchain finance, tokenization, digital assets, compliance, data, and blockchain adoption globally. Infosys has partnered with Chainlink to help financial institutions adopt blockchain and onchain finance solutions. Infosys supports banks and payments infrastructure with over 1.7 billion customer accounts worldwide. Now, the company will...