⚡ Solana Enters US Banking as 90 North Dakota Banks Launch Interbank Settlement
Banking technology provider Fiserv has launched its digital asset platform on the Solana public blockchain, enabling over 90 North Dakota banks and credit unions to settle dollar transactions. This marks a major milestone for public blockchain adoption within the US financial system.
The system utilizes Roughrider Coin, a dollar-backed payment token overseen by the Bank of North Dakota (BND). Participating institutions can now move funds near-instantly 24/7, offering a faster and cheaper alternative to traditional ACH and wire transfers through their existing banking portals.
#Solana #SOL #Banking #Blockchain
Banking technology provider Fiserv has launched its digital asset platform on the Solana public blockchain, enabling over 90 North Dakota banks and credit unions to settle dollar transactions. This marks a major milestone for public blockchain adoption within the US financial system.
The system utilizes Roughrider Coin, a dollar-backed payment token overseen by the Bank of North Dakota (BND). Participating institutions can now move funds near-instantly 24/7, offering a faster and cheaper alternative to traditional ACH and wire transfers through their existing banking portals.
#Solana #SOL #Banking #Blockchain
💰 IMF Approves $139M for El Salvador While Pressuring to Scale Back Bitcoin
The International Monetary Fund (IMF) has approved a $139 million disbursement to El Salvador, praising the nation's strong economic performance and improved security. However, the fund continues to push the government to reduce its involvement in Bitcoin activities as part of ongoing loan negotiations.
The IMF stated that while the economy exceeded expectations, certain criteria regarding Bitcoin accumulation were not met. The fund is now seeking to unwind the state's role in the crypto ecosystem and claims no further Bitcoin accumulation is planned beyond documented donations.
#Bitcoin #ElSalvador #IMF #CryptoNews
The International Monetary Fund (IMF) has approved a $139 million disbursement to El Salvador, praising the nation's strong economic performance and improved security. However, the fund continues to push the government to reduce its involvement in Bitcoin activities as part of ongoing loan negotiations.
The IMF stated that while the economy exceeded expectations, certain criteria regarding Bitcoin accumulation were not met. The fund is now seeking to unwind the state's role in the crypto ecosystem and claims no further Bitcoin accumulation is planned beyond documented donations.
#Bitcoin #ElSalvador #IMF #CryptoNews
🚨 Andrew Tate Deposits $1.87 Million in HYPE Tokens
Influencer Andrew Tate has deposited 20,950 HYPE tokens, valued at approximately $1.87 million, into an exchange today. This move indicates potential profit-taking on his long-term holdings.
Records show Tate originally purchased 122,827 HYPE for roughly $550,000 nearly two years ago. His average entry price was just $4.48 per token.
Following this latest transfer, he still holds 63,550 HYPE worth over $5.62 million. His total profit on the asset currently stands at $7.24 million, representing a massive 1,317% return on investment.
#AndrewTate #HYPE #CryptoWhale #ProfitTaking
Influencer Andrew Tate has deposited 20,950 HYPE tokens, valued at approximately $1.87 million, into an exchange today. This move indicates potential profit-taking on his long-term holdings.
Records show Tate originally purchased 122,827 HYPE for roughly $550,000 nearly two years ago. His average entry price was just $4.48 per token.
Following this latest transfer, he still holds 63,550 HYPE worth over $5.62 million. His total profit on the asset currently stands at $7.24 million, representing a massive 1,317% return on investment.
#AndrewTate #HYPE #CryptoWhale #ProfitTaking
🚨 US Bankers Sue to Overturn Crypto Trust Bank Rules
The Independent Community Bankers of America (ICBA) has filed a federal lawsuit against the OCC to invalidate rules that allow crypto firms to obtain national trust bank charters. The lawsuit, filed in Washington, targets the OCC’s national trust bank rule and Interpretive Letter 1176, arguing the regulator exceeded its authority.
The ICBA claims the OCC is allowing non-depository crypto businesses to operate under a lighter regulatory framework than traditional insured banks. According to the complaint, 13 of the 21 trust banks approved or conditionally approved by the OCC are tied to the crypto industry.
#CryptoNews #OCC #Regulation #Banking
The Independent Community Bankers of America (ICBA) has filed a federal lawsuit against the OCC to invalidate rules that allow crypto firms to obtain national trust bank charters. The lawsuit, filed in Washington, targets the OCC’s national trust bank rule and Interpretive Letter 1176, arguing the regulator exceeded its authority.
The ICBA claims the OCC is allowing non-depository crypto businesses to operate under a lighter regulatory framework than traditional insured banks. According to the complaint, 13 of the 21 trust banks approved or conditionally approved by the OCC are tied to the crypto industry.
#CryptoNews #OCC #Regulation #Banking
🇷🇺 Russia Pays Government Salaries in Digital Ruble for First Time
The Russian Ministry of Finance has officially started paying employee wages using the digital ruble, marking a major milestone for the country's Central Bank Digital Currency (CBDC). The rollout began on October 1 and is currently operating on a voluntary basis for government staff.
This move follows successful federal budget trials in 2025, where approximately 16 million digital rubles (around $192,245) were disbursed. The Bank of Russia and the Finance Ministry are now integrating the digital currency directly into the national budget process.
#Russia #CBDC #DigitalRuble #CryptoNews
The Russian Ministry of Finance has officially started paying employee wages using the digital ruble, marking a major milestone for the country's Central Bank Digital Currency (CBDC). The rollout began on October 1 and is currently operating on a voluntary basis for government staff.
This move follows successful federal budget trials in 2025, where approximately 16 million digital rubles (around $192,245) were disbursed. The Bank of Russia and the Finance Ministry are now integrating the digital currency directly into the national budget process.
#Russia #CBDC #DigitalRuble #CryptoNews
🚨 New SEC Rules to Impact Stablecoin Liquidity
The SEC is implementing new rules requiring US Treasury transactions to pass through central clearinghouses. This shift directly impacts stablecoin issuers like Tether and Circle, who hold billions in Treasury securities to back their tokens.
The rules aim to reduce market risk by making a clearinghouse the middleman for every trade. If a trading partner fails, the clearinghouse ensures the transaction is completed. This adds a layer of safety but changes the cost and mechanics of borrowing cash against these assets.
Stablecoin companies rely on "repos" (repurchase agreements) to quickly turn their Treasury holdings into USD when customers want to redeem tokens. The SEC deadlines are Dec. 31 for outright sales and June 30, 2027, for repos.
#Stablecoins #SEC #CryptoRegulation #Treasury
The SEC is implementing new rules requiring US Treasury transactions to pass through central clearinghouses. This shift directly impacts stablecoin issuers like Tether and Circle, who hold billions in Treasury securities to back their tokens.
The rules aim to reduce market risk by making a clearinghouse the middleman for every trade. If a trading partner fails, the clearinghouse ensures the transaction is completed. This adds a layer of safety but changes the cost and mechanics of borrowing cash against these assets.
Stablecoin companies rely on "repos" (repurchase agreements) to quickly turn their Treasury holdings into USD when customers want to redeem tokens. The SEC deadlines are Dec. 31 for outright sales and June 30, 2027, for repos.
#Stablecoins #SEC #CryptoRegulation #Treasury
💰 Bitcoin ETFs Hit 3rd Week of Inflows as Ether ETFs See Outflows
US spot Bitcoin ETFs recorded their third consecutive week of net inflows, bringing in $241.1 million last week. This push brings the total cumulative net inflows for these institutional funds to a massive $57.8 billion, according to SoSoValue data.
In contrast, Ether ETFs faced a sharp reversal, recording $138 million in weekly net outflows. This follows a strong performance the previous week where they attracted $690 million. Despite the weekly drop, year-to-date inflows for Ethereum funds remain positive at approximately $1.5 billion.
The altcoin market showed mixed results. Zcash (ZEC) funds saw their first-ever weekly outflow of $94 million. Meanwhile, Solana (SOL) and XRP ETFs extended their positive streaks with inflows of $2.4 million and $4.7 million respectively.
#Bitcoin #Ethereum #ETF #CryptoNews
US spot Bitcoin ETFs recorded their third consecutive week of net inflows, bringing in $241.1 million last week. This push brings the total cumulative net inflows for these institutional funds to a massive $57.8 billion, according to SoSoValue data.
In contrast, Ether ETFs faced a sharp reversal, recording $138 million in weekly net outflows. This follows a strong performance the previous week where they attracted $690 million. Despite the weekly drop, year-to-date inflows for Ethereum funds remain positive at approximately $1.5 billion.
The altcoin market showed mixed results. Zcash (ZEC) funds saw their first-ever weekly outflow of $94 million. Meanwhile, Solana (SOL) and XRP ETFs extended their positive streaks with inflows of $2.4 million and $4.7 million respectively.
#Bitcoin #Ethereum #ETF #CryptoNews
⚡ Kraken Parent Partners with Singapore Gulf Bank for 24/7 USD Institutional Rails
Payward, the parent company of Kraken, has integrated with Singapore Gulf Bank (SGB) via its SGB Net network. This move enables 24/7 US-dollar funding and settlement for selected institutional clients across Asia and the Gulf region.
The partnership allows eligible institutions to deposit USD with Payward and use the funds immediately for digital asset activities. This eliminates traditional banking delays, providing constant liquidity for high-volume traders and firms.
In the coming months, SGB plans to leverage Kraken Prime for digital asset liquidity and pricing. This will allow the bank to price trades for its own customers using Payward’s market data.
#Kraken #SGB #InstitutionalCrypto #CryptoNews
Payward, the parent company of Kraken, has integrated with Singapore Gulf Bank (SGB) via its SGB Net network. This move enables 24/7 US-dollar funding and settlement for selected institutional clients across Asia and the Gulf region.
The partnership allows eligible institutions to deposit USD with Payward and use the funds immediately for digital asset activities. This eliminates traditional banking delays, providing constant liquidity for high-volume traders and firms.
In the coming months, SGB plans to leverage Kraken Prime for digital asset liquidity and pricing. This will allow the bank to price trades for its own customers using Payward’s market data.
#Kraken #SGB #InstitutionalCrypto #CryptoNews
⚡ EEZ Completes First Atomic L1-to-L2 Transaction
EEZ contributor Eduardo Antuña Díez has successfully tested the first atomic cross-chain transaction between the Ethereum mainnet and a Layer-2 rollup. The test involved a 0.001 ETH transfer and a state update, proving that actions across different layers can be linked securely.
In an atomic transaction, all linked actions must succeed simultaneously; if any single part fails, the entire transaction is reversed. This framework allows rollups to interact with the mainnet and each other within a single transaction without relying on traditional bridges.
The technology aims to solve liquidity fragmentation, where applications and funds are currently split across isolated L2 networks. By enabling synchronous composability, the Ethereum Economic Zone aims to unify the ecosystem into a single, fluid market.
#Ethereum #EEZ #Layer2 #Blockchain
EEZ contributor Eduardo Antuña Díez has successfully tested the first atomic cross-chain transaction between the Ethereum mainnet and a Layer-2 rollup. The test involved a 0.001 ETH transfer and a state update, proving that actions across different layers can be linked securely.
In an atomic transaction, all linked actions must succeed simultaneously; if any single part fails, the entire transaction is reversed. This framework allows rollups to interact with the mainnet and each other within a single transaction without relying on traditional bridges.
The technology aims to solve liquidity fragmentation, where applications and funds are currently split across isolated L2 networks. By enabling synchronous composability, the Ethereum Economic Zone aims to unify the ecosystem into a single, fluid market.
#Ethereum #EEZ #Layer2 #Blockchain
🚨 Winklevoss-backed Zcash ETF Files for Nasdaq Listing
Winklevoss Asset Services has filed a registration statement with the SEC for the Winklevoss Zcash ETF. The proposed fund seeks to list on the Nasdaq Stock Market under the ticker WINK.
The ETF will hold ZEC directly, providing investors exposure to the privacy-focused asset through traditional brokerage accounts. Gemini Trust Company will serve as the custodian, and the fund plans to charge a low 0.25% annual sponsor fee without using leverage.
Winklevoss Capital affiliates have indicated interest in purchasing up to $100 million in shares of the new fund. This follows the existing Grayscale Zcash ETF (ZCSH) already trading in the US market.
#Zcash #ZEC #ETF #Winklevoss
Winklevoss Asset Services has filed a registration statement with the SEC for the Winklevoss Zcash ETF. The proposed fund seeks to list on the Nasdaq Stock Market under the ticker WINK.
The ETF will hold ZEC directly, providing investors exposure to the privacy-focused asset through traditional brokerage accounts. Gemini Trust Company will serve as the custodian, and the fund plans to charge a low 0.25% annual sponsor fee without using leverage.
Winklevoss Capital affiliates have indicated interest in purchasing up to $100 million in shares of the new fund. This follows the existing Grayscale Zcash ETF (ZCSH) already trading in the US market.
#Zcash #ZEC #ETF #Winklevoss
🚨 DOJ Cites Bitcoin Fog Ruling to Block Roman Storm’s Acquittal
US prosecutors are using a recent appeals court victory against Bitcoin Fog to fight Tornado Cash developer Roman Storm’s bid for acquittal. The DOJ filed the supplemental authority on Monday, arguing that the recent ruling strengthens their case in New York.
The Bitcoin Fog decision confirmed that a user's activity in a specific district is enough to establish "venue" for a trial. Prosecutors argue that because Shakeeb Ahmed used Tornado Cash from his Manhattan apartment, the Southern District of New York has proper jurisdiction over Storm’s money-laundering and unlicensed money-transmission charges.
#TornadoCash #RomanStorm #BitcoinFog #CryptoRegulation
US prosecutors are using a recent appeals court victory against Bitcoin Fog to fight Tornado Cash developer Roman Storm’s bid for acquittal. The DOJ filed the supplemental authority on Monday, arguing that the recent ruling strengthens their case in New York.
The Bitcoin Fog decision confirmed that a user's activity in a specific district is enough to establish "venue" for a trial. Prosecutors argue that because Shakeeb Ahmed used Tornado Cash from his Manhattan apartment, the Southern District of New York has proper jurisdiction over Storm’s money-laundering and unlicensed money-transmission charges.
#TornadoCash #RomanStorm #BitcoinFog #CryptoRegulation
⚖️ CFTC Proposes New Rules to Prevent Another FTX Collapse
The CFTC Chair Mike Selig has announced a new regulatory framework designed to safeguard digital asset spot markets and prevent a repeat of the FTX disaster. The agency is seeking public comment on a new federal registration category called a "crypto asset market" for exchanges.
This move targets platforms offering leveraged, margined, or financed crypto trades to retail customers. Selig noted that while Sam Bankman-Fried stole $8 billion in customer funds at FTX, the subsidiary registered with the CFTC kept all funds safe through strict segregation requirements.
The regulator plans to apply these stringent federal standards across the crypto world. Under the proposal, exchanges not offering leverage can remain under state licenses, but the CFTC intends to define "leverage" broadly to maximize oversight.
#CFTC #Regulation #FTX #CryptoNews
The CFTC Chair Mike Selig has announced a new regulatory framework designed to safeguard digital asset spot markets and prevent a repeat of the FTX disaster. The agency is seeking public comment on a new federal registration category called a "crypto asset market" for exchanges.
This move targets platforms offering leveraged, margined, or financed crypto trades to retail customers. Selig noted that while Sam Bankman-Fried stole $8 billion in customer funds at FTX, the subsidiary registered with the CFTC kept all funds safe through strict segregation requirements.
The regulator plans to apply these stringent federal standards across the crypto world. Under the proposal, exchanges not offering leverage can remain under state licenses, but the CFTC intends to define "leverage" broadly to maximize oversight.
#CFTC #Regulation #FTX #CryptoNews
🚨 US Bitcoin ETFs See $485M Outflow in Biggest Drop Since June
US spot Bitcoin ETFs recorded $484.9 million in net outflows on Wednesday, marking the largest single-day withdrawal since June 25. This massive exit completely reversed Tuesday's $118.8 million inflow and wiped out all gains made during the first week of October.
BlackRock’s IBIT led the selling with $207.7 million in withdrawals, followed by Fidelity’s FBTC at $105.1 million and ARK 21Shares’ ARKB at $101.7 million. The sudden shift leaves the month of October with a net outflow of approximately $163 million so far.
Meanwhile, Ether ETFs are struggling with a seven-day losing streak, losing another $160.9 million on Wednesday. BlackRock’s ETHA saw $116.1 million in exits. Bitcoin is currently trading around $82,700, down 2% as institutional selling pressure increases.
#Bitcoin #ETF #CryptoNews #BlackRock
US spot Bitcoin ETFs recorded $484.9 million in net outflows on Wednesday, marking the largest single-day withdrawal since June 25. This massive exit completely reversed Tuesday's $118.8 million inflow and wiped out all gains made during the first week of October.
BlackRock’s IBIT led the selling with $207.7 million in withdrawals, followed by Fidelity’s FBTC at $105.1 million and ARK 21Shares’ ARKB at $101.7 million. The sudden shift leaves the month of October with a net outflow of approximately $163 million so far.
Meanwhile, Ether ETFs are struggling with a seven-day losing streak, losing another $160.9 million on Wednesday. BlackRock’s ETHA saw $116.1 million in exits. Bitcoin is currently trading around $82,700, down 2% as institutional selling pressure increases.
#Bitcoin #ETF #CryptoNews #BlackRock
🚨 China stablecoin use surges 43x as South Korea leads East Asia
Chainalysis reports that China’s peer-to-peer (P2P) stablecoin wallet activity grew 43-fold between early 2024 and mid-2026. Despite domestic bans, China recorded $104.1 billion across 18.1 million transfers, with users treating stablecoins like USDT as working capital for business operations.
South Korea has emerged as East Asia’s largest crypto economy, valued at $449.1 billion. While retail interest in AI-linked tokens remains high, domestic exchanges saw operating profits drop 78% in early 2026 due to lower trading volumes and market valuations.
Hong Kong is moving to finalize its licensing regime for custody and trading by the end of 2026. The city is a hub for institutional activity, seeing $24 billion in business-to-business crypto flows, nearly triple the share of its regional neighbors.
#China #SouthKorea #Stablecoins #CryptoNews
Chainalysis reports that China’s peer-to-peer (P2P) stablecoin wallet activity grew 43-fold between early 2024 and mid-2026. Despite domestic bans, China recorded $104.1 billion across 18.1 million transfers, with users treating stablecoins like USDT as working capital for business operations.
South Korea has emerged as East Asia’s largest crypto economy, valued at $449.1 billion. While retail interest in AI-linked tokens remains high, domestic exchanges saw operating profits drop 78% in early 2026 due to lower trading volumes and market valuations.
Hong Kong is moving to finalize its licensing regime for custody and trading by the end of 2026. The city is a hub for institutional activity, seeing $24 billion in business-to-business crypto flows, nearly triple the share of its regional neighbors.
#China #SouthKorea #Stablecoins #CryptoNews
🚨 Bitcoin and Ether ETF Outflows Reach $1B in October
US spot Bitcoin and Ether ETFs have recorded nearly $1 billion in combined net outflows so far in October. This massive exit of capital comes as the recent crypto market rally shows signs of slowing down.
Bitcoin ETFs saw $244.1 million in net outflows on Thursday, following a $484.9 million withdrawal on Wednesday. The Wednesday figure marks the largest single-day outflow for BTC funds since June 25. Total October outflows for Bitcoin now stand at $407.4 million.
Ether funds are facing an even longer slump, marking an eight-session losing streak. These funds have shed $641.3 million since September 29, with $72.5 million leaving the ETF products on Thursday alone.
#Bitcoin #Ethereum #ETF #CryptoNews
US spot Bitcoin and Ether ETFs have recorded nearly $1 billion in combined net outflows so far in October. This massive exit of capital comes as the recent crypto market rally shows signs of slowing down.
Bitcoin ETFs saw $244.1 million in net outflows on Thursday, following a $484.9 million withdrawal on Wednesday. The Wednesday figure marks the largest single-day outflow for BTC funds since June 25. Total October outflows for Bitcoin now stand at $407.4 million.
Ether funds are facing an even longer slump, marking an eight-session losing streak. These funds have shed $641.3 million since September 29, with $72.5 million leaving the ETF products on Thursday alone.
#Bitcoin #Ethereum #ETF #CryptoNews
🚨 US Treasury to Seize $1B in Crypto Linked to Iran
US Treasury Secretary Scott Bessent announced plans to seize approximately $1 billion in cryptocurrency this week. The move is part of an aggressive US strategy to economically isolate Iran and disrupt financial networks funding the regime amid ongoing military conflicts.
Speaking at the Newsmax NPolicy Summit, Bessent confirmed that authorities have identified the digital assets and are currently isolating them. He did not specify if the targets are specific exchanges or if stablecoin issuers are directly involved in this specific round of seizures.
This follows a pattern of increasing pressure from the Treasury Department and OFAC. In April, authorities seized $500 million in crypto, while Tether reported freezing $550 million worth of USDT throughout 2026 linked to Iran sanctions.
#CryptoNews #Iran #Regulation #USDT
US Treasury Secretary Scott Bessent announced plans to seize approximately $1 billion in cryptocurrency this week. The move is part of an aggressive US strategy to economically isolate Iran and disrupt financial networks funding the regime amid ongoing military conflicts.
Speaking at the Newsmax NPolicy Summit, Bessent confirmed that authorities have identified the digital assets and are currently isolating them. He did not specify if the targets are specific exchanges or if stablecoin issuers are directly involved in this specific round of seizures.
This follows a pattern of increasing pressure from the Treasury Department and OFAC. In April, authorities seized $500 million in crypto, while Tether reported freezing $550 million worth of USDT throughout 2026 linked to Iran sanctions.
#CryptoNews #Iran #Regulation #USDT
💰 Sam Altman-backed Bitcoin Insurer Meanwhile Raises $37.5M
Bermuda-based life insurer Meanwhile has secured $37.5 million in a new funding round led by Bain Capital Crypto. This brings the company's total funding to over $180 million.
The startup, which operates entirely in Bitcoin, counts OpenAI CEO Sam Altman among its early backers. Other participants in this round include Pantera Capital, Framework Ventures, and Morgan Creek Digital.
Meanwhile offers life insurance policies denominated in BTC, targeting high-net-worth individuals globally. The company reports surging demand in Asia and Europe as wealthy families seek regulated ways to pass digital wealth to heirs.
#Bitcoin #CryptoInsurance #SamAltman #Web3
Bermuda-based life insurer Meanwhile has secured $37.5 million in a new funding round led by Bain Capital Crypto. This brings the company's total funding to over $180 million.
The startup, which operates entirely in Bitcoin, counts OpenAI CEO Sam Altman among its early backers. Other participants in this round include Pantera Capital, Framework Ventures, and Morgan Creek Digital.
Meanwhile offers life insurance policies denominated in BTC, targeting high-net-worth individuals globally. The company reports surging demand in Asia and Europe as wealthy families seek regulated ways to pass digital wealth to heirs.
#Bitcoin #CryptoInsurance #SamAltman #Web3
🚨 BTCPay Server Update: Manual Tor Opt-In Required
BTCPay Server version 2.4.5 introduces a significant change for Docker deployment users. Tor is no longer bundled automatically in the core setup, making it an optional configuration choice for administrators.
Operators must now explicitly select the opt-add-tor fragment during their next update or setup to maintain onion address access. While existing Tor volume data is preserved, connectivity will drop if the fragment is not manually included.
The update also blocks outbound HTTP requests to private networks by default to prevent SSRF (Server-Side Request Forgery) attacks. This affects Lightning connections, LNURL requests, and webhooks.
#BTCPay #Bitcoin #Tor #Privacy
BTCPay Server version 2.4.5 introduces a significant change for Docker deployment users. Tor is no longer bundled automatically in the core setup, making it an optional configuration choice for administrators.
Operators must now explicitly select the opt-add-tor fragment during their next update or setup to maintain onion address access. While existing Tor volume data is preserved, connectivity will drop if the fragment is not manually included.
The update also blocks outbound HTTP requests to private networks by default to prevent SSRF (Server-Side Request Forgery) attacks. This affects Lightning connections, LNURL requests, and webhooks.
#BTCPay #Bitcoin #Tor #Privacy
🚨 CFTC moves to regulate prediction markets as financial swaps
The CFTC has issued two major proposals to classify event contracts as swaps under federal law. This move aims to bring platforms like Polymarket and Kalshi under exclusive federal jurisdiction, separating them from traditional casino gambling.
Chairman Michael Selig stated that event contracts tied to politics, sports, and weather are commodity derivatives. By defining them as swaps, the CFTC asserts its authority over state regulators who have recently sued these platforms for illegal gambling.
A second proposal explicitly excludes traditional casino games and sportsbooks from the swap definition. This distinction is designed to protect the CFTC's remit while leaving actual gambling to state authorities.
#CFTC #Polymarket #Regulation #CryptoNews
The CFTC has issued two major proposals to classify event contracts as swaps under federal law. This move aims to bring platforms like Polymarket and Kalshi under exclusive federal jurisdiction, separating them from traditional casino gambling.
Chairman Michael Selig stated that event contracts tied to politics, sports, and weather are commodity derivatives. By defining them as swaps, the CFTC asserts its authority over state regulators who have recently sued these platforms for illegal gambling.
A second proposal explicitly excludes traditional casino games and sportsbooks from the swap definition. This distinction is designed to protect the CFTC's remit while leaving actual gambling to state authorities.
#CFTC #Polymarket #Regulation #CryptoNews
🚨 Optimism to Operate Unichain Infrastructure
Uniswap Labs' Ethereum Layer-2, Unichain, is handing over its production operations to Optimism. Starting Oct. 29, Optimism will manage the sequencing, public node access, and incident response for the network.
This move follows a "Fully Managed" strategy also adopted by Soneium and Ink. Under this model, Optimism handles core infrastructure like the sequencer and batcher, allowing individual product teams to focus on ecosystem growth while using the OP Stack.
The agreement includes a 99.95% uptime service level agreement (SLA) and a 15-minute response time for critical incidents. While this provides professional maintenance, it creates a centralized dependency where multiple major chains rely on Optimism for daily operations.
#Optimism #Unichain #Uniswap #Ethereum
Uniswap Labs' Ethereum Layer-2, Unichain, is handing over its production operations to Optimism. Starting Oct. 29, Optimism will manage the sequencing, public node access, and incident response for the network.
This move follows a "Fully Managed" strategy also adopted by Soneium and Ink. Under this model, Optimism handles core infrastructure like the sequencer and batcher, allowing individual product teams to focus on ecosystem growth while using the OP Stack.
The agreement includes a 99.95% uptime service level agreement (SLA) and a 15-minute response time for critical incidents. While this provides professional maintenance, it creates a centralized dependency where multiple major chains rely on Optimism for daily operations.
#Optimism #Unichain #Uniswap #Ethereum