US Treasury Moves Forward with Rules on GENIUS Act After July Deadline

The US Department of the Treasury issued a notice of proposed rulemaking related to the implementation of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, a bill to establish a framework for payment stablecoins signed into law last year. In a Monday notice, the Treasury Department said that it was opening a…

Bitcoin ETFs add $189M as August net inflows approach $1B

US spot Bitcoin ETFs took in $189 million on Tuesday, lifting August net inflows to $951 million, while Ether ETFs added $71.5 million. Source link

Maya Protocol exploit drains bitcoin and other assets as pool value drops $11 million

A chain of six flaws caused the cross-chain trading network to credit a pool with nearly 50 million tokens that were never properly funded, letting an attacker drain real assets. Source link

Ripple- and Coinbase-funded PAC Spends $2M in Florida Race with Little Mention of Crypto

An affiliate of political action committee (PAC) Fairshake, funded primarily by Coinbase and Ripple Labs, has poured more than $2 million into media opposing a Democratic candidate who did not appear to have taken any prominent position on digital assets before the ads were released. According to records with the Federal Election Commission (FEC) as…

BitBox Patches Code Execution and Bitcoin Lockup Flaws

Hardware wallet maker BitBox has released a firmware update that fixes two vulnerabilities it described as “severe” that could have enabled the installation of malicious firmware or put user funds at risk.  In a security disclosure on Monday, BitBox said one involved memory corruption affecting Multi editions of BitBox02 and BitBox02 Nova that had not…

US accounting board FASB proposes conditions for stablecoins as cash equivalents

The FASB said secondary-market liquidity alone would not be enough, with holders needing direct issuer redemption rights and one-to-one liquid reserves. Source link

SEC Proposes New Crypto Rules in Absence of CLARITY Act

The US Securities and Exchange Commission (SEC) has proposed new rules that could affect the cryptocurrency industry after lawmakers in Congress failed to pass a market structure bill before breaking for a month-long recess. In a Tuesday notice, the SEC said that the agency proposed rules to create a “clear and fit-for-purpose framework for certain…

Robinhood CEO urges U.S. to clear path for tokenized stocks as overseas markets advance

Vlad Tenev says tokenized stocks could bring real-time settlement and 24/7 trading, but U.S. rules remain a hurdle. Source link

Metaplanet to Take Controlling Stake in Super League Enterprise

Metaplanet, the Tokyo-listed company that has adopted Bitcoin as its primary treasury reserve asset, plans to take a controlling stake in Nasdaq-listed Super League Enterprise, expanding its Bitcoin treasury strategy into the United States and potentially opening up new sources of capital. On Tuesday, Metaplanet CEO Simon Gerovich said the company plans to contribute 2,100…

Kraken Launches US Stock Trading Across European Economic Area

Kraken has launched trading in more than 7,000 US-listed stocks for customers in the European Economic Area (EEA), expanding its traditional finance offering alongside cryptocurrencies and tokenized equities. The crypto exchange said Tuesday that eligible EEA customers can trade US stocks through Kraken Pro and its mobile app under the company’s Markets in Financial Instruments…