Ethereum layer-2 network built around native yield Blast said on Oct. 2 that it will shut down because maintaining the chain costs more than it earns. The project asked users to move their assets to Ethereum mainnet by Oct. 26 to withdraw through its normal interface. Blast said in its shutdown announcement that it sees…
Milwaukee-based Fiserv announced on October 1 that its digital asset platform is live with financial institutional clients, and Bank of North Dakota’s Roughrider Coin is the first product running on it. The dollar-backed stablecoin settles on Solana and gives more than 90 banks and credit unions in the state a new way to move money…
Stablecoin issuers are emerging as a new source of demand for US government debt as foreign official holdings lose ground. Tether and Circle have increased their Treasury securities and repurchase-agreement holdings by about $200 billion over the past five years, equivalent to more than 40% of the decline in China’s Treasury holdings over the same…
The Independent Community Bankers of America sued the Office of the Comptroller of the Currency, accusing the regulator of overstepping its legal authority.
Bitcoin’s rally is approaching a $90,000 test as a rare accumulation pattern reappears and sell-side liquidity thins. On Oct. 2, Bitcoin registered an intraday high at $87,000 after buyers broke through a sell wall around $85,000 that had stalled several previous attempts to advance. Glassnode said some of those orders were filled and the remainder…
The Ethereum Foundation and the Open Anonymity Project have developed zkAPI, a zero-knowledge protocol that lets users pay for AI services and other paid APIs without linking their identity to their requests. Live on Ethereum mainnet, the system separates payment records from the prompts and queries sent to service providers, although it does not hide…
A third-party lending adapter built on Aave was exploited to steal about 114 ETH, worth over $300,000, while the protocol itself remained unaffected. On Oct. 2, blockchain security firm SlowMist said the attacker compromised two Safe multisig wallets through a flaw in the FlashLoopAdapter used with Aave v3 positions. The exploit allowed the attacker to…
It was just several hours ago that the primary cryptocurrency topped $87,000 for the first time in about ten days after the softer-than-expected US jobs report came out. Although that should be considered bullish for risk-on assets, especially when it’s aligned with the positive data from the PCE report earlier this week, the subsequent effects…
Regulatory efforts continue following the CLARITY Act’s failure to advance. The US Securities and Exchange Commission has now proposed new rules to create a clearer framework for the custody of crypto assets by registered investment advisers and regulated funds. The SEC said the changes would address how such assets are held under federal securities laws.…
Evernorth’s shareholder vote has advanced its plan to become a publicly traded XRP treasury. Its next round of token buying hinges on cash left at closing: disclosed delayed subscriptions, conditional notes and expected trust proceeds imply roughly $88.5 million in gross sources if all three settle, before expenses and other uses. Evernorth and Armada Acquisition…