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In this week’s edition of the weekly recap, Bitcoin reached an eight-month high above $87,000 before pulling back, the Federal Reserve proposed rules for U.S. stablecoin issuers, and Bitget suspended withdrawals after a $351.6 million wallet breach. The developments led…
SEC staff has clarified when staking receipt tokens may be treated as digital tools rather than securities under U.S. law, alongside new answers on wrapped assets, token buybacks, and functional crypto networks. The Securities and Exchange Commission’s Division of Corporation…
Aside from the completion of this one, Pi Network announced another update is coming in October. Here's what users need to know.
Its MiCA review response points to crypto firms’ access routes while any new lending duties remain a future legislative choice.
Alpenglow is running on both public test networks, giving application teams a place to check their software before the live blockchain switches.
Bitget says unauthorized transfers affected approximately $351.6 million held across parts of its hot and warm wallet infrastructure. The exchange says its cold wallets were not affected and its $464 million-plus User Protection Fund covers the loss. Withdrawals have been…
The feature would let users bundle up to eight transactions, including asset-and-payment transfers, but a brief drop below the network’s 80% support threshold restarted its two-week activation clock.
Public comments on the Fed's two stablecoin proposals will remain open for 60 days after publication in the Federal Register.
Paxos Labs has launched PAXGy, a token backed by PAXG that can increase in value relative to gold over time. The underlying reserves are deployed to vetted institutional borrowers through the gold-leasing market. PAXGy is live across platforms including OKX,…
Sygnum offers bank-held trading collateral to institutional clients, while Bitget's withdrawal pause leaves ordinary balances dependent on its own controls and fund.
HIFI has raised a $37 million Series A led by Left Lane Capital. The company says the funding will expand stablecoin payments, cards and infrastructure for tokenized capital markets. HIFI says its platform currently processes more than $7 billion in…
The Solana Foundation has appointed former Binance global CMO Rachel Conlan as chief strategy officer. Former Polygon Labs executive Jamal Raees has joined as general manager of payments. The Foundation says the hires are aimed at accelerating institutional adoption and…
