Author: admin

In brief The Federal Reserve proposed rules requiring Board-supervised payment stablecoin issuers to fully back their tokens with permissible assets like short-term Treasury bills, plus standardized capital requirements, risk-management standards and rules for safekeeping reserves. A second proposal would create a tailored application process for Board-supervised banks seeking to issue stablecoins, with procedures for appeals and hearings; the comment period closes 60 days after Federal Register publication. The move adds the Fed’s piece to a multi-agency GENIUS Act rollout, alongside the OCC’s November push and Treasury’s restrictions on noncompliant stablecoins. The Federal Reserve is moving to set the ground rules…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Cardano’s governance process has approved new treasury allocations for ecosystem and infrastructure work in the supplied September 22 governance update. The funding is expected to be released in stages tied to project milestones. The vote reflects the network’s Voltaire-era governance model rather than a Cardano Foundation unilateral grant. Cardano’s onchain governance system has approved a new round of treasury allocations aimed at infrastructure and ecosystem development, giving the network another live test of its Voltaire-era decision process. The important part is not only where the ADA…

An estimated $351.6 million in crypto has been moved from digital asset exchange Bitget’s hot wallets in a suspected hack.  The platform’s CEO said in a Thursday statement that Bitget’s security team activated an emergency response when the movements were detected. Blockchain security firms had flagged the issue earlier in the day.   “At 18:31 UTC on September 24, 2026, Bitget’s security systems detected unauthorized transfers from some of our hot wallets,” Bitget CEO Gracy Chen wrote on X. “Our security team activated emergency response protocols immediately.” She added: “Bitget has navigated multiple market cycles. We will not run from this.…

In brief New York AG Letitia James and Governor Kathy Hochul sued Polymarket, alleging it runs an illegal, unlicensed gambling operation by letting users bet on uncertain outcomes, sidestepping the licensing and taxes that casinos and sportsbooks face. The state wants Polymarket barred from operating in New York, plus forfeiture of gains, restitution to users, and fines equal to three times its earnings. It extends a state campaign against prediction markets—including a $36 billion Kalshi suit and actions against Coinbase and Gemini. New York has taken legal aim at Polymarket, with Attorney General Letitia James and Governor Kathy Hochul announcing…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR BlackRock’s BUIDL tokenized fund reached roughly $552.4 million in assets in the supplied September 22 dashboard data. The product is distributed through Securitize and remains targeted at qualified institutional investors. BUIDL’s AUM should not be confused with retail-accessible stablecoin supply. BlackRock’s tokenized BUIDL fund has moved above $550 million in assets under management, keeping it among the most closely watched institutional real-world-asset products on public blockchains. The September 22 validation snapshot puts AUM at roughly $552.4 million. BUIDL Shows What Institutional Tokenization Looks Like BUIDL is…

Shielded Bitcoin is a proposal put forward by [[alloc] init] researchers Clara Shikhelman, Misha Komarov, and Aleksei Moskvin for a novel privacy metaprotocol on the Bitcoin base-layer to enable shielded Bitcoin transactions without requiring operators, soft forks or other changes to Bitcoin consensus. You can find the whitepaper here and blog announcement here.  The protocol defines a transactional structure and indexing protocol for strong privacy-preserving transactions, while relying on Bitcoin PIPEs for pegging funds into and out of the system. More on the PIPEs mechanism at the end of the article.  Its design is very much a mirror of Bitcoin’s;…

Visa is releasing a new report showing how bank-level protections could significantly boost American interest in using stablecoins to send money abroad. The survey of more than 2,000 US consumers finds that Americans are looking for faster and more affordable ways to send money to family and friends overseas, while still expecting strong security protections. The company says adoption intent rises from 36% to 56% when stablecoins, or dollar-pegged crypto assets, include fraud protection and deposit insurance, similar to what banks offer. Nearly two-thirds of respondents say trust depends more on the provider than the technology itself. Meanwhile, willingness to…

Government spending and currency debasement are making Bitcoin’s case stronger than ever. Chris Giancarlo explains why Bitcoin’s programmed scarcity makes it the digital form of gold and why governments might one day anchor money to a digital commodity. He also explains why Fed rate hikes and rising U.S. debt support Bitcoin’s value proposition. Chapters:0:00 Chris Giancarlo on Bitcoin Futures, Spot ETFs and Corporate Treasuries1:19 Why the CLARITY Act Failing Isn’t a Setback for Bitcoin3:07 Why Tokenized Money Can’t Be Reversed4:42 Bitcoin as Digital Gold and a Hedge Against Debasement6:57 How the CFTC Can Keep Bitcoin Innovation in the U.S.8:40 The…

In brief Rachel Conlan joins the Solana Foundation as chief strategy officer after three years as Binance’s global chief marketing officer. Jamal Raees becomes general manager of payments, arriving from Polygon Labs. The appointments come as Solana cuts block times, with the third of four planned reductions taking effect last week. The Solana Foundation has hired Binance’s former global chief marketing officer as its chief strategy officer, and a Polygon Labs executive to run payments, as the non-profit builds a senior team focused on institutional adoption and payments.Rachel Conlan spent three years as Binance’s global CMO and previously held senior…