Key Takeaways The SEC has approved Paxos Securities Settlement Company to operate as a registered clearing agency. The regulatory milestone enables Paxos to deliver same-day T+0 settlement for U.S. equities. Following a 7-year effort, legacy infrastructure providers like the DTCC now face direct blockchain competition. SEC Opens Wall Street Plumbing For Blockchain Technology The landmark…
Key Takeaways Certik launched a security platform to provide an “anti-virus” layer for agent ecosystems. Sector audits reveal high risks, but CertiK aims to protect marketplaces with 90.5% scanning precision. Finchip.ai is among platforms expanding integrations ahead of future consumer-facing scan updates. The Security Challenge Blockchain and AI security firm Certik, on May 27, unveiled…
Key Takeaways Stake DAO suffered an infinite-mint exploit on Arbitrum on May 27 which reportedly saw the attacker drain $91,000 in digital assets. The breach fuels a viral debate over DeFi security sparked by Openzeppelin co-founder Manuel Aráoz. Stake DAO is sunsetting the Arbitrum asdCRV Llamalend market and working with law enforcement. Infinite-Minting Loophole Triggers…
The Securities and Exchange Commission (SEC) has granted final approval to BlockShoals Technologies Inc. to initiate live operational testing under the regulator’s “StratBox” regulatory sandbox framework. In an official press release sent to media outlets including BitPinas, the commission confirmed that the clearance allows BlockShoals to proceed with an operational plan that explicitly names global…
Key Takeaways Bit Digital bought 8,568 ETH for $20M, raising holdings to 158,462 ETH. Nasdaq-listed Bit Digital deepened its ethereum treasury and AI infrastructure push. CEO Sam Tabar signaled more ETH accumulation if market conditions stay favorable. Bit Digital Buys $20M in ETH as CEO Backs Ethereum Digital Economy Thesis Bit Digital has added another…
Key Takeaways Quantus warned $2T in crypto faces quantum risks as bitcoin and ethereum lag in migration. Bitcoin quantum-safe signatures could grow 70x, straining block space and throughput. NIST finalized post-quantum standards in 2024 as Quantus targets a 2030 threat window. Google and IBM Advances Push Bitcoin Quantum Threat Closer Quantum computing is no longer…
Key Takeaways Federal officials are challenging Rhode Island’s attempt to regulate event-contract platforms under gambling laws. Prediction markets have become a major regulatory battleground as trading expands across political, economic, and sports-related events. Courts may decide whether federal commodities law preempts state gambling enforcement against registered markets. CFTC Moves Against Rhode Island Over Prediction Markets…
Key Takeaways The CFTC said the Gemini enforcement case would not meet current filing standards. The agency cited disputed evidence, whistleblower credibility concerns, and litigation conduct issues during review. Federal agencies are increasingly coordinating crypto oversight while revising enforcement standards and cooperation policies. CFTC Review of Gemini Case Reshapes Crypto Enforcement The Commodity Futures Trading…
Key Takeaways BIS Project Agorá will test real-money blockchain payments with JPMorgan and UBS. ECB, Fed, and BIS aim to cut cross-border payment delays using tokenized ledgers. Project Agorá keeps sanctions and AML checks inside existing banking rails. Project Agorá Links Central Banks on Unified Payment Ledger The Bank for International Settlements is preparing to…
Key Takeaways Josh Stevens denied adding KYC to existing Polymarket services but faces Kalshi pressure to comply next. On May 22, James Comer launched a probe into Kalshi and Polymarket over compliance and insider trading data. As compliance rules impact the industry, Kalshi and Polymarket both revamped their surveillance system ahead of this year’s Super…
