OCC Moves Quickly to Complete GENIUS Act Stablecoin Framework After Missing July Target
TL;DR The OCC aims to finalize GENIUS Act rules by November, after missing its July target, with a legal deadline of January 18. The 376-page proposal
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GnosisDAO Approves Gnosis Chain’s Move to a ZK‑Proven EEZ Rollup
TL;DR GnosisDAO approved the migration of Gnosis Chain to an Ethereum Economic Zone rollup with ZK proofs, with 123,158 GNO in favor. Proposal GIP-153 surpassed the
BitGo Korea Receives VASP Approval, Strengthening Its Institutional Digital Asset Custody Offering
TL;DR BitGo obtained a VASP license in South Korea, becoming the first international crypto company to do so. The platform’s local entity was built from scratch
Hyperliquid Trader Suffers $24M Loss in 12‑Second Ether Liquidation
TL;DR Massive Loss: The Hyperliquid Trader lost nearly $24 million as a long‑held ether short was liquidated in 12 seconds. Rapid Liquidation: Forced sales across five
CLARITY Act Faces Setback Risk, Gallego Warns, With September Vote Approaching
TL;DR Negotiations: Gallego warns that rushing the CLARITY Act before ethics and stablecoin issues are resolved could delay the bill. White House Pressure: Trump and advisers
Securitize Proposes Bringing $HINC High-Yield Fund to Aave Horizon
The leading firm in Real-World Asset (RWA) tokenization, Securitize, presented a formal Request for Comments (ARFC) on the Aave governance forum. The initiative proposes incorporating the
Trump Pushes Congress to Pass CLARITY Act as Crypto Leaders Rally Behind Bill
TL;DR: Donald Trump led a press conference at the White House alongside executives from Coinbase and Gemini to demand the passage of the market structure legislation.
Nethermind Ends LayerZero Verifier Role After Review, Moves to Chainlink
TL;DR Cross-chain shift: Nethermind is leaving its LayerZero verifier role and migrating operations to Chainlink after an extensive review. Security context: the protocol’s move follows months
Berachain Rebrands HONEY to BUSD Amid Falling Network Activity
TL;DR: The Berachain Foundation formalized the name and ticker symbol change of its native stablecoin from HONEY to Bera USD (BUSD). The smart contract address and
Crypto PAC Scores Primary Wins Despite $2M Florida Election Loss
TL;DR The crypto PAC Fairshake spent $3.6 million in Alaska, Florida, and Wyoming primaries, achieving victories for four of the five candidates it backed. Protect Progress
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