Circle Internet Financial executed a strategic burn of 55 million USDC tokens on the Ethereum blockchain, reinforcing its commitment to maintaining the stablecoin’s 1:1 dollar peg and managing supply demand balance. The reduction in circulating supply proceeded without causing market… Read More »Circle Burns 55 Million USDC for Supply Management, Upholds Stablecoin Peg
Asset manager 21Shares has taken a significant step towards potential market expansion by filing an S1 registration form for its Ondo Trust. The filing, identified as 0002061627, was submitted to the relevant regulatory authorities. This action typically precedes a public… Read More »21Shares Files S1 Form for Ondo Trust, Signaling Regulatory Progress
The United States Securities and Exchange Commission is actively developing simplified regulatory frameworks for securities tokenization to streamline compliance and foster market innovation. This initiative aims to address the complexities of applying traditional securities laws to blockchain-based digital assets. Citadel… Read More »SEC Explores Tokenization Frameworks Amid Institutional Expansion and Compliance Concerns
US federal banking agencies have granted approval for financial institutions to custody cryptocurrency assets under established regulatory frameworks. The Federal Reserve, Office of the Comptroller of the Currency (OCC), and Federal Deposit Insurance Corporation (FDIC) issued a joint statement permitting… Read More »US Regulators Approve Banks for Crypto Custody Under Existing Banking Frameworks
Several public companies are strategically adding Bitcoin to their balance sheets, leveraging its core properties of a capped supply of 21 million coins and inherent digital scarcity. Firms like Aker ASA and Rumble are cited as examples pursuing this strategy,… Read More »Public Firms Quietly Accumulating Bitcoin as Corporate Adoption Grows
No significant cryptocurrency-related announcements or market events have been recorded for dissemination at this time. Industry monitoring continues as standard practice across exchanges, blockchain networks, and regulatory bodies. Market participants are advised to maintain routine vigilance regarding asset security and… Read More »No New Cryptocurrency Developments Reported
Cryptocurrency exchange Coinbase is actively pursuing regulatory approval from the U.S. Securities and Exchange Commission (SEC) to offer tokenized versions of traditional stocks on blockchain platforms. Paul Grewal, Coinbase’s Chief Legal Officer, underscored the critical importance of obtaining SEC authorization… Read More »Coinbase Seeks SEC Clearance for Blockchain-Based Tokenized Stocks
Layer-2 scaling platform ZkSync X has formally denied reports of user account hacks and rumors alleging a U.S. Securities and Exchange Commission (SEC) investigation, following a sharp decline in the value of its native token. ZkSync X stated no security… Read More »ZkSync X Denies Security Breach, SEC Probe Rumors; Focuses on Upgrades and Compliance
DeFi Development, formerly known as Janover, has withdrawn a $1 billion issuance after failing to include management’s internal control report in its annual 10-K regulatory filing. The withdrawal occurred due to this critical omission in required documentation. The suspended funds… Read More »DeFi Development Withdraws $1 Billion Issuance Over Filing Deficiency, Plans Resubmission