The US securities regulator has proposed easing rules governing how investment advisers and funds hold crypto, potentially clearing a regulatory hurdle that has held some businesses back from offering clients digital asset investments. The proposal, published on Thursday, would let investment advisers hold clients’ crypto assets themselves when no eligible crypto custodian is available, with … Read more
Evernorth is set to become a publicly traded XRP treasury company after shareholders of blank-check firm Armada Acquisition Corp. II approved their proposed business combination. The deal is expected to close on Oct. 7, with shares of the combined company set to begin trading on Nasdaq under the ticker XRPN the following day, subject to … Read more
More than 50,000 Europeans have urged the European Commission to loosen restrictions on stablecoin rewards as part of its review of the bloc’s Markets in Crypto-Assets (MiCA) framework, according to crypto advocacy group Stand With Crypto EU. The campaign came as the Commission closed its MiCA review consultation on Wednesday, with Stand With Crypto EU … Read more
Austrian Bitcoin platform 21bitcoin will start paying 1.21% annual interest on customers’ uninvested euro balances from today — and letting them collect it in BTC, with no conversion fee. The company says it’s the first provider in Europe to pay savings interest directly in Bitcoin. The interest covers every euro in the account, including cash … Read more
Robinhood is bringing crypto perpetual futures to US customers, with up to 10x leverage on Bitcoin and Ether. Nicola White, Robinhood’s vice president of institutional crypto, explains how the CFTC no-action letter, the Bitstamp exchange, and Robinhood Derivatives made it happen, and why the company wants markets to be always on. Chapters:0:00 Robinhood’s Hood Summit: … Read more
Bitcoin (BTC) held above $83,000 on Thursday after giving back gains following lower-than-expected US inflation data. Key points: Bitcoin remained rangebound after its latest rally stalled at $85,600. US PCE inflation data came in lower than expected at 3.4% year-on-year, but methodology changes complicated the reading. BTC-denominated open interest fell almost 20% while its price … Read more
A Bitcoin policy think tank has questioned how MSCI developed its latest proposal to tighten the rules governing its market indexes, after the benchmark provider identified companies including Strategy and Metaplanet for potential treatment as “non-operating businesses” and exclusion from its indexes. MSCI first proposed excluding digital asset treasury companies from its global indexes in … Read more
Something huge just happened in the crypto world. A major cryptocurrency exchange, the details of which are still emerging, has reportedly suffered a massive security breach. This isn’t just a small glitch; we’re talking about potentially billions of dollars worth of digital assets being compromised. The exact timing and full scope are still being pieced … Read more
Base activated its Cobalt upgrade Wednesday, adding conditional transactions and new issuer controls for tokenized assets as the Ethereum layer-2 network deepens its push into onchain finance. Cobalt, Base’s third major upgrade, expands its B20 token standard by allowing issuers to apply several compliance checks to the same asset. For example, an issuer could require … Read more
Researchers have proposed a way to make Bitcoin private without changing Bitcoin itself. Misha Komarov, co-founder of alloc/init, explains Shielded Bitcoin: zero-knowledge proofs that hide the sender, receiver, and amount of a Bitcoin transfer, with no soft fork, no custodians, and no bridges. He covers how Bitcoin PIPEs make it possible and what the proposal … Read more