BlackRock urges OCC to drop tokenized reserve cap idea, expand eligible assets in GENIUS Act comment letter
The world's largest asset manager opposed a potential 20% cap on tokenized reserve assets, a constraint that would limit products like its BUIDL fund....
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The $292M crypto hack exposed DeFi's weak spots. Here’s what must change, insiders say
A $292 million Kelp DAO exploit exposed critical DeFi security gaps as Wall Street institutions like BlackRock and Apollo Global Management accelerate onchain investments. Industry experts argue the hack is a temporary setback, not a roadblock. DeFi protocols must adopt institutional-grade safeguards—zero-trust architectures, stricter collateral standards, and auditable smart contracts—before scaling institutional capital securely into decentralized finance markets.
Kraken parent Payward closes Bitnomial deal to expand US crypto derivatives
Payward completed its acquisition of Bitnomial, gaining full CFTC-regulated crypto derivatives infrastructure in the US. The deal provides licenses for futures commission merchant, designated contract market, and clearing functions, enabling Kraken and NinjaTrader to expand spot margin, perpetuals, and options offerings. This moves regulated crypto derivatives activity onshore as US regulators push against offshore trading dominance.
CLARITY Act stablecoin yield rules finalised: ‘Go time’ for crypto bill
US senators finalized stablecoin yield rules under the CLARITY Act, prohibiting interest on holdings but allowing rewards for active usage. The compromise resolves a major industry-banking dispute, moving the crypto bill closer to passage. Polymarket now shows 55% odds of passage in 2026, with Senate Banking expected to schedule markup imminently despite anticipated banking opposition.