Tokenized Securities: SEC Approves NYSE’s Proposal
The U.S. Securities and Exchange Commission formally approved a NYSE rule change allowing tokenized versions of DTC‑eligible securities to be traded on the exchange. The amendment aligns NYSE’s framework with the Nasdaq proposal approved earlier this year and operates under the existing DTC tokenization pilot’s no‑action relief. Tokenized securities will share the same CUSIP, ticker and rights as their paper counterparts, trading on the same order book. The change integrates blockchain‑based assets into the national market system without creating a separate market structure.
Crypto Infrastructure Company Blames $290 Million Theft on North Korean Hackers
Crypto infrastructure firm LayerZero says a North Korean hacking group, TraderTraitor, stole nearly $290 million from the Kelp platform by exploiting a single‑verifier (DVN) setup. The attackers minted counterfeit rsETH tokens without collateral, used them as loan collateral on platforms like...
Why the BIS Is Worried About Stablecoins
The Bank for International Settlements (BIS) warned that the stablecoin market’s concentration—dominated by Tether and Circle, which together hold about 85% of the $315 billion supply—poses systemic risks. BIS General Manager Pablo Hernandez de Cos called for stronger international regulatory coordination to...
SEC Sues Crypto Founder, Alleging $16M Token Fraud Built on Phantom Insurance
U.S. Securities and Exchange Commission filed a civil lawsuit against crypto entrepreneur Donald G. Basile and his firms, accusing them of a $16 million token fraud. The SEC alleges Basile misled investors by claiming the Bitcoin Latinum token was insured for...
Policy Paper: Policy Note: Draft Statutory Instrument Amending the Cryptoasset Regulations
The UK Treasury published a policy note and draft statutory instrument to amend the Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026. The proposed changes aim to provide clearer rules for stable‑coin payment services, eliminate barriers for additional crypto use...
Blockchain Analytics Firm Nansen Enhances Onchain Data Access with Pay-Per-Call Model
Nansen has replaced its traditional subscription‑based API model with a pay‑per‑call system that charges users per request in USDC. The new model uses the open‑source x402 protocol and PayAI infrastructure, allowing instant on‑chain payments without API keys. Two tiers are...
Bybit Leads $8M Series A Round in Malaysian Crypto Exchange Hata
Bybit led an $8 million Series A financing round in Hata, a dual‑licensed digital‑asset exchange in Malaysia, with participation from global family offices. The funding will be used to improve liquidity, expand the user base and develop new digital‑asset products. Bybit previously...