SEC moves to clear custody hurdle for advisers offering crypto
Custody requirements have kept some investment advisers from offering certain crypto to clients, a regulatory hurdle the SEC’s proposal could remove.…
China warns foreign spies about crypto, Singapore dominates Asia: Asia Express
Singapore’s crypto economy grows 55%, South Korea set to make crypto market makers legal, and Chinese spy ministry warns wouldbe foreign spies it’s watching…
Trump to host 3rd ‘exclusive’ memecoin event amid corruption claims
The president is scheduled to appear at his golf club in Washington, DC, at a Nov. 22 dinner for his top 185 memecoin holders, following similar events in May…
50,000 Europeans call on EU to ease stablecoin rewards restrictions in MiCA review
A 50,000letter campaign is pressing Brussels to rethink stablecoin rewards as EU central banks seek broader changes to MiCA’s stablecoin rules.…
Illinois will postpone implementation of crypto tax following lawsuit
State officials agreed to delay the 0.2% crypto tax for six months after lawsuits and industry pushback claimed the bill was rushed through the legislature.…
Mark Zuckerberg is coming for Apple’s empire
Apple has a grip on consumer technology through its iPhone business, but Meta is betting that the AI era warrants different types of hardware.…
SEC Proposal Would Address How Investment Advisers and Funds Can Custody Crypto Assets Under the Federal Securities Laws
The Securities and Exchange Commission today proposed new rules and amendments to provide a tailored framework for the custody of crypto assets for registered…
NEAR Intents suffers $3.8M exploit after assistance with Bitget breach
The platform said it will compensate users affected by the hack, which stemmed from a bug that affected deposits and withdrawals. Source：Cointelegraph
Crypto for Advisors: The CLARITY Act failed, but the rules came anyway
Source：CoinDesk
NEAR Intents hit by $3.8 million exploit as crypto's rough year of hacks continues
The popular crosschain trading system said it will reimburse losses after a bug affected deposits and withdrawals across several networks. Source：CoinDesk
Stablecoins can drain from banks and nations at lightning speed
Highly liquid and settling 24/7, stablecoins can leave banks and countries at lightning speed. But whether stablecoins are a risk — or an opportunity — depends…
Google is sending its first AI data center to space
Tech leaders have come to wonder if orbital data centers can help solve the industry’s power crunch. Source：MarketWatch