Adam Forsyth

Circle stock drops nearly 20% as CLARITY Act draft targets stablecoin yield

Circle shares dropped nearly 20% Tuesday, falling toward the $100 level after a CoinDesk report revealed new draft language in the CLARITY Act that would ban yield on stablecoin balances. The proposed rules would prohibit issuers from offering passive rewards for simply holding a stablecoin and restrict structures that resemble interest-bearing deposits. While activity-based rewards…

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Balancer Labs to Shut Down After $128M Exploit — What DeFi Users Must Know

Balancer Labs is ceasing operations permanently. The announcement comes just days after a sophisticated attacker exploited the protocol for approximately $128 million, effectively emptying major liquidity pools on November 3, 2025. This is not a drill—one of Ethereum’s oldest and most respected Automated Market Makers (AMMs) has fallen. The implications are staggering. Balancer was not…

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New York Stock Exchange Taps Securitize to Power Tokenized Securities Push

The deal leverages Securitize’s SEC-registered transfer agent status to develop a compliant infrastructure for issuing and managing blockchain-native securities at scale. The New York Stock Exchange, part of Intercontinental Exchange, and Securitize announced a collaboration to advance tokenized securities markets. Securitize was named as the first digital transfer agent eligible to mint blockchain-native securities…

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Omnes and Apex tokenize Bitcoin mining note on base

Omnes and Apex Group have announced plans to launch a tokenized debt note tied to Bitcoin mining activity on Base. The product will package Bitcoin hashrate exposure into an onchain financial instrument aimed at professional investors outside the United States. Summary Omnes and Apex will issue OMN on Base, bringing Bitcoin hashrate exposure to approved…

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Invesco to take leadership of Superstate’s $900 million USTB tokenized fund

Invesco, a global asset manager with over $2.2 trillion in assets under management, will assume portfolio management of Superstate’s tokenized U.S. Treasury fund, USTB, the company announced Tuesday. USTB offers exposure to short-term U.S. Treasury Bills, targeting stable income, liquidity, and returns near the federal funds rate. Since its launch in early 2024, the fund…

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Delaware pushes new stablecoin rules and banking update

Delaware lawmakers have introduced two bills that would update state banking law and create a licensing framework for stablecoin issuers and digital asset service providers. The package is part of a broader effort to modernize Delaware’s financial rules as states and federal agencies move to define how crypto and stablecoins should be regulated. Summary Delaware…

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