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The latest in Business.
SEC custody proposal could open a legal route for funds to hold crypto
SEC Chair Paul Atkins says proposed custody rules could give advisers and funds a clearer legal path to hold crypto, while key questions about assets, staking and self-custody remain.
MetaMask begins mass Ethereum validator exits after staking infrastructure incident
MetaMask is exiting thousands of Ethereum validators after rewards were redirected to an unexpected address, highlighting staking infrastructure risks, operator concentration and potential losses without principal theft.
Open USD bets stablecoin growth on a partner-owned economic model
Open USD is challenging Tether and Circle with a partner-owned stablecoin model, but its $1 billion liquidity pledge must translate into lasting circulation, transparency and regulatory trust.
Chainlink’s Fulcrum Targets 24/7 Institutional Collateral Mobility
Chainlink has launched Fulcrum, a cross-chain collateral platform designed to give banks, asset managers and sovereign wealth funds continuous access to onchain financing across public and private blockchains.
Morgan Stanley Reportedly Opens Digital Asset Lab for Wall Street Infrastructure
Morgan Stanley has reportedly launched a Digital Asset Lab to examine cryptocurrency infrastructure for institutional finance, according to a post that lacks further public details.
Canton’s $25 Billion Payment Test Begins With Mastercard’s Stablecoin Push
Mastercard’s stablecoin settlement expansion puts Canton Network near a potential $25 billion payment corridor, but recurring institutional usage, not network inclusion, will determine its commercial success.
Visa Pushes Stablecoins Further Into the Payment Settlement Stack
Visa is expanding stablecoin settlement across issuers, acquirers, assets and blockchains, aiming to improve cross-border liquidity and year-round payment availability while testing whether infrastructure savings reach businesses and consumers.
Strive’s $94.5 Million Bitcoin Buy Raises the Stakes in Treasury Race
Strive’s $94.5 million bitcoin purchase raises its holdings to 27,462 BTC as preferred-stock financing intensifies competition among public corporate bitcoin treasuries competing for market leadership.
UsePaid Pauses X Money Payouts After Crypto Fee Surge
UsePaid paused X Money payouts after a record volume surge, leaving creator fees intact but exposing settlement risks between crypto activity and conventional payment rails.
Robinhood Chain Tests Arbitrum’s Path From Blockchain to Licensing Business
Robinhood Chain generated $360,000 in July licensing income for Arbitrum, offering an early test of whether blockchain technology can become a scalable software business model.
Bitget Says Hot Wallet Transfers Exposed $351.6 Million in Assets
Bitget says unauthorized transfers from hot and warm wallets exposed $351.6 million in assets, while cold wallets remained secure and withdrawals were temporarily suspended during an investigation.
Crypto Exchanges Compete to Control the Tokenized Securities Interface
Robinhood and Kraken are expanding tokenized stocks, ETFs and perpetual futures, intensifying the race to control crypto users’ access to traditional markets while ownership, liquidity and settlement questions persist.