Socure Brings AI Identity Checks To Circle’s Arc Onramp
TL;DR Socure has integrated its RiskOS identity and fraud platform into the Arc Onramp experience. The system is designed to verify users and make fraud decisions as they move from fiat currency into USDC through applications built on Arc. The integration adds a compliance layer to Circle’s institution-focused blockchain without moving identity data directly into…
Bitget Raises Hack Estimate To $387.5M And Sets Withdrawal Restart Plan
TL;DR Bitget has increased the confirmed value of assets transferred to attacker-controlled addresses from $351.6 million to about $387.5 million. The exchange says the underlying vulnerability has been identified and remediated. Withdrawals are scheduled to return in stages beginning with Bitcoin on September 28 and continuing through October 2. Bitget has published a substantial update…
Fed Proposes Full Reserve And Capital Rules For US Stablecoin Issuers
The Federal Reserve has proposed two new rulemaking packages for payment stablecoin issuers under the GENIUS Act. Board-supervised issuers would have to fully back tokens with permitted reserve assets and meet standardized capital and risk-management requirements. The proposals are not final rules yet, with a 60-day public comment period ahead. **ID:** N25-01 **Site:** NewsBTC **Status:**…
ARK Brings $1.3B Venture Fund Onchain Through Securitize
ARK Invest is tokenizing its ARK Venture Fund through Securitize. The fund has roughly $1.3 billion in assets and invests across private and public technology companies including OpenAI, Anthropic, Stripe and Databricks. The move tokenizes ownership and administration of the existing fund rather than creating a new crypto fund. **ID:** N25-02 **Site:** NewsBTC **Status:** READY…
New York Sues Polymarket Over Alleged Illegal Gambling Operation
New York Attorney General Letitia James and Governor Kathy Hochul have announced a lawsuit against Polymarket US. The state alleges the prediction platform is operating illegal, unlicensed gambling in New York. The lawsuit seeks to stop the activity and asks for fines, forfeiture of alleged illegal gains and restitution for users. **ID:** N25-03 **Site:** NewsBTC…
Ondo Puts BlackRock-Designed Portfolios Into Single Onchain Tokens
Ondo has launched three tokenized portfolios based on investment strategies developed by BlackRock specifically for the platform. The products package baskets of tokenized assets into individual onchain tokens. BlackRock designed the model strategies, while Ondo Global Markets issues and operates the tokenized products. **ID:** N25-04 **Site:** NewsBTC **Status:** READY **Author:** NewsBTC Editorial Team **Focus Keyword:**…
IBM Connects Banks To Swift’s Blockchain Ledger For Tokenized Deposits
IBM Digital Asset Haven can now connect financial institutions to Swift’s blockchain-based shared ledger through a beta integration. Banks can instruct tokenized-deposit transactions using existing ISO 20022 payment messages. Swift’s ledger is already being tested by 17 first-mover institutions, while IBM is also adding an on-premises version of Digital Asset Haven. **ID:** N25-05 **Site:** NewsBTC…
The Clearing House Picks Quant For US Tokenized Deposit Network
The Clearing House has selected Quant to provide the interoperability and transaction-management layer for its On-Chain Money Initiative. The planned network will let financial institutions clear and settle tokenized deposits while connecting to existing RTP and CHIPS payment rails. Participating institutions are expected to gain access in the first half of 2027. **ID:** N25-06 **Site:**…
Solana Foundation Hires Former Binance CMO For Institutional Push
The Solana Foundation has appointed former Binance global CMO Rachel Conlan as chief strategy officer. Former Polygon Labs executive Jamal Raees has joined as general manager of payments. The Foundation says the hires are aimed at accelerating institutional adoption and payment activity on Solana. **ID:** N25-07 **Site:** NewsBTC **Status:** READY **Author:** NewsBTC Editorial Team **Focus…
HIFI Raises $37M To Build Stablecoin And Tokenized Market Infrastructure
HIFI has raised a $37 million Series A led by Left Lane Capital. The company says the funding will expand stablecoin payments, cards and infrastructure for tokenized capital markets. HIFI says its platform currently processes more than $7 billion in annualized volume across 87 countries. **ID:** N25-08 **Site:** NewsBTC **Status:** READY **Author:** NewsBTC Editorial Team…