Crypto Industry Group Asks Treasury To Clarify GENIUS Act Rules For DeFi
TL;DR: The Blockchain Association has urged the US Treasury to draw clearer lines around DeFi software, foreign stablecoin issuers and who could face liability under proposed GENIUS Act rules. The fight over US stablecoin regulation is shifting from Congress to the details of implementation. In comments on Treasury’s proposed Section 3 rules under the GENIUS…
AnchorWatch Opens Bitcoin Custody Service With Lloyd’s-Backed Insurance Option
TL;DR: AnchorWatch has opened its Nevada-chartered Bitcoin custody service, pairing a choice of key-control structures with optional Lloyd’s-backed insurance. Bitcoin custody is no longer just a question of who holds the private keys. For professional trustees, company treasuries and advisers, it also involves governance, recoverability and what happens if assets are lost through theft or…
Strive Adds 1,223 Bitcoin As Corporate Treasury Reaches 36,818 BTC
TL;DR: Strive purchased another 1,223 Bitcoin over two days, taking its reported holdings to 36,818 BTC in a fresh SEC filing. Strive’s Bitcoin buying spree continued through the middle of October. In a filing dated Monday, the company disclosed the purchase of 1,223 BTC between October 14 and October 16, bringing its total reported holdings…
Bitmine Ethereum Treasury Tops 6 Million ETH After Another Weekly Purchase
TL;DR: Bitmine says its Ethereum holdings reached approximately 6.04 million ETH after it added 12,535 tokens over the past week. Bitmine Immersion Technologies has pushed its Ethereum treasury past the six-million-token mark, reporting holdings of 6,041,481 ETH as of October 18. The company said it acquired another 12,535 ETH during the preceding week. The size…
Metaplanet Bitcoin Investment Clears Super League Shareholder Vote
TL;DR: Super League shareholders have approved proposals connected to Metaplanet’s plan to contribute 2,100 BTC and cash to a new US-listed Bitcoin treasury platform. Metaplanet’s proposed American Bitcoin treasury vehicle has moved a step closer to reality, but the transaction has not yet closed. Super League Enterprise said shareholders approved the relevant proposals at their…
Hyperliquid Policy Center Calls For Five Changes To SEC Crypto Rule
TL;DR: The Hyperliquid Policy Center supports the SEC’s proposed crypto framework but says five changes are needed to make the rules workable for token developers and markets. The Hyperliquid Policy Center has welcomed the US Securities and Exchange Commission‘s attempt to clarify how securities law applies to crypto assets, while warning that details around distributions…
JPMorgan Takes JPM Coin To Ethereum As Banks Test Public-Chain Settlement
JPMorgan is taking its bank-issued deposit token onto public Ethereum, an expansion that puts an established Wall Street payments product on infrastructure traditionally associated with crypto-native finance. TL;DR: JPMorgan is expanding access to JPM Coin on Ethereum for institutional users. The token represents bank deposits rather than an independently issued stablecoin, and participation remains restricted.…
Latvia Changes Crypto Tax Treatment And Opens A 2027 Declaration Window
Latvia has passed a change to the way crypto investment-account gains are taxed, shifting attention from individual trades to what an investor ultimately withdraws from an eligible account. TL;DR: New Latvian legislation taxes qualifying account withdrawals above deposits and provides a one-time 2027 process for declaring older holdings. The country is also considering crypto tax…
Fidelity Pays $500,000 In California Crypto Withdrawal Settlement
California has secured a $500,000 settlement with Fidelity Digital Asset Services over restrictions that previously prevented some crypto customers from moving purchased coins to their own wallets. TL;DR: Attorney General Rob Bonta announced the settlement on October 16. California challenged historical withdrawal restrictions; Fidelity disputes that its conduct breached state law, and transfers were enabled…
Stablecoin Payments Reach $482 Billion As Token Supply Barely Grows
A new payments dataset offers a useful correction to the idea that stablecoin growth must be measured by how many tokens are in circulation. The stock of digital dollars has barely moved this year, but the amount being used for payments has climbed sharply. TL;DR: Allium estimates $482 billion in identifiable stablecoin payments through September…