Everything web3, crypto, defi, degen
In brief The SEC will not take enforcement actions against advisors and other entities for using state-chartered as crypto custodians. This letter could lead to a potential opening for a greater number of organizations to serve as custodians for digital assets. In July, Chair Paul Adkins unveiled “Project Crypto, an SEC initiative to dramatically lower regulatory…
In brief The outreach was based on a review of 200+ firms with crypto-treasury plans, but only some were reportedly flagged. Regulators are reportedly examining whether leaks or trading on material non-public information may have occurred. Observers have warned that poorly timed treasury strategies may appear gimmicky and expose firms to instability. The Securities and…
In brief SharpLink Gaming will tokenize its SEC-registered common stock (SBET) directly on Ethereum through Superstate’s Opening Bell platform. The Nasdaq-listed firm has built one of the largest public ETH treasuries, holding more than 838K ETH worth $3.3 billion. The move follows SharpLink’s recent stock buybacks and comes amid a broader SEC push to modernize…
In brief South Korea’s ruling Democratic Party has established a Digital Asset Task Force to draft comprehensive stablecoin and crypto legislation. The task force aims to enact digital asset laws during this year’s regular and year-end National Assembly proceedings. The country faces mounting pressure over capital flight, with $40.6 billion in digital assets transferred abroad…
U.S. Senator Cynthia Lummis (R-WY) has called for stronger safeguards around cryptocurrency ATMs, amid growing concerns that the machines have become a favoured tool for scammers preying on seniors.Lummis said she intends to address the problem in upcoming market structure legislation she is co-sponsoring with Senator Kirsten Gillibrand (D-N.Y.).“This is something that has concerned me…
In brief Researchers found that the Unitree G1 robot sends audio, video, and spatial data without notifying users. Proprietary encryption uses hardcoded keys, allowing offline data decryption. The report warned that the robot could potentially be used in covert surveillance or cyberattacks. In the escalating humanoid robotics race, the spotlight usually falls on Tesla’s Optimus…
In brief The U.S. and UK formed a joint task force to align crypto rules and ease cross-border capital flows. The group, led by both nations’ treasury departments, is set to deliver policy recommendations by March 2026. Experts say the plan could boost global adoption of tokenized securities, stablecoins, and other digital assets. The United…
In brief The UK’s Financial Conduct Authority has reduced application process times for crypto service providers by 69% since 2022/23. Total applications have declined over the past couple of years, as firms wait and see how UK crypto regulation develops. Successful applications have also declined, although fewer firms are withdrawing applications. The UK’s Financial Conduct…
In brief Kaia and LINE NEXT have announced Project Unify, a stablecoin-powered app inside LINE Messenger, which has nearly 200 million users in Asia. The app will launch in beta later this year, offering payments, remittances, yield services, and access to more than 100 decentralized applications. Plans include support for regional stablecoins from the yen…
In brief Bank of Canada Deputy Governor Ron Morrow called for federal stablecoin regulation while highlighting Canada’s lagging payments modernization compared to the U.S. and UK. Canadian remittance costs are “significantly higher” than other developed nations, creating opportunities for stablecoin adoption to reduce cross-border payment fees. Stablecoins could cut remittance fees to “less than 1…
