Circle Pushes Back on MiCA’s Bank-Deposit Mandate for Stablecoins
The USDC issuer told the European Commission that MiCA’s reserve mandates and concentration caps keep the largest global stablecoins outside Europe’s perimeter—siding with the ECB in calling for more flexible rules.
Once a $2.3 Billion Network, Ethereum Layer-2 Blast Is Shutting Down
Blast said operating costs now exceed the revenue its Ethereum layer-2 generates and asked users to withdraw their assets to mainnet before Oct. 26.
Cboe’s New S&P Deal Opens the Door to Tokenized Options
The renewed agreement preserves Cboe’s exclusive rights to S&P 500 index options through 2051 while opening the door to pairing the flagship benchmark with blockchain infrastructure.
Bitwise Launches First US Spot Near ETF After Token Nearly Triples Since August
Bitwise’s NRR started trading on NYSE Arca on Tuesday, offering exposure to NEAR and staking rewards as the AI-focused token rises. Bitwise Asset Management launched NRR, the first U.S. spot ETF providing exposure to the NEAR Protocol, with trading…
Citi Clients Can Now Take Stablecoin Payments Through Coinbase—Without Touching Crypto
Coinbase and Citi expanded an existing deal so Citi’s institutional clients can accept stablecoin payments, while Coinbase business accounts run on Citi’s banking rails.
Inside Coinbase’s $250 Billion Playbook for Post-Quantum Bitcoin Custody
Head of cryptography Yehuda Lindell says the exchange is designing custody that can adapt to whatever post-quantum signing scheme Bitcoin adopts.
Robinhood CEO Says Crypto Will Beat Sports at Prediction Markets’ Own Game
Robinhood CEO Vlad Tenev says crypto event contracts are already outpacing sports bets, and could become the platform’s dominant category within a few years.
Coinbase Brings IPO Shares to US Retail Traders, With Oura Up First
Eligible customers can request shares at the offering price, but allocations are not guaranteed.
Visa Moves to Close Meme Coin Credit Card Rewards Loophole
After banks lost their push for tighter stablecoin rules in the failed Clarity Act, JP Morgan scored a narrower win as Visa moves to stop meme coin purchases from being coded as ordinary “digital media” and earning card rewards.
Grayscale Is Making Its Red-Hot Zcash ETF More Affordable
The Zcash ETF is splitting its shares three ways after pulling in more than $233 million in under a month, as Wall Street piles into crypto’s hottest privacy trade.