Blockchain Association urges review of Custodia Banks master account denial

The Blockchain Association has backed Custodia Bank‘s Supreme Court petition challenging the Federal Reserve’s refusal to grant the Wyoming-chartered digital asset bank direct access to its payment system.  According to a Wednesday amicus filing, the Blockchain Association asked the U.S. Supreme Court to review whether regional Federal Reserve Banks can deny master accounts to state-chartered institutions that are legally eligible to request access.  The dispute centers on the authority regional Fed banks have when deciding which institutions can connect directly to central bank payment infrastructure. Custodia has argued that the Monetary Control Act requires the Fed to make its payment services available to eligible nonmember depository institutions, while lower courts have ruled that regional Reserve Banks retain discretion over whether to approve an application.  In its filing, the industry group warned that allowing that discretion to stand could affect state-chartered banks serving lawful industries that federal regulators may view unfavorably.  “No lawful industry should be excluded from essential banking services through regulatory pressure or unchecked administrative discretion,” the association said in an accompanying X thread.  The group added that the case concerns whether “lawful digital asset businesses can compete on equal footing” when seeking access to financial infrastructure.  Blockchain Association says Custodia Bank case could affect

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Securitize posts $21.7M Q2 loss as SECZ falls 21%

Securitize Corp. reported a $21.7 million net loss for the second quarter on Aug. 12, more than tripling from $6.1 million a year earlier, even as assets and transaction activity across its tokenization platform expanded.  SummarySecuritize posted a $21.7 million Q2 net loss as revenue declined 5% year over year.Tokenized AUM averaged a record $4.3 billion, up 16% from the same quarter last year.Aggregate transaction volume reached $5.3 billion in Q2, up 147% from the prior year period.SECZ shares fell 21% after hours following Securitizes first earnings report as a public company.Securitize entered the third quarter with $350 million in cash and no balance sheet debt.  Revenue declined 5% to $14.4 million from $15.3 million, according to the companys release.  The results are Securitizes first since its July 2 New York Stock Exchange debut, but the reported quarter ended June 30 and therefore predates the public listing. The business combination with Cantor Equity Partners II closed July 1. Securitize then put its own NYSE listed common stock onchain on Solana and Avalanche on its first trading day.  You might also like:  Securitize gains SEC adviser status as SECZ falls 10%  Securitize loss widens despite record tokenized AUM  Average tokenized assets under management reached a record $4.3 billion,

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2026: The Crypto Industry’s “Compliance Elimination Tournament” Begins — Who Will Pass, and Who Will

In 2026, the crypto industry entered the largest regulatory “encirclement” in its history.  On July 1, the European Union‘s MiCA transition period officially ended. The world’s first unified crypto regulatory framework fully came into effect. Among the tens of thousands of crypto service providers operating in Europe, only around 280 successfully obtained MiCA authorization.  Less than two months later, on August 14, the U.S. Securities and Exchange Commission (SEC) will hold an open meeting to vote on whether to formally propose a crypto asset regulatory framework known as “Regulation Crypto.”  This is not a coincidence. Hong Kong, Singapore, the United Kingdom, Japan, the United Arab Emirates, and other major global markets have almost simultaneously drawn their regulatory lines. The “Wild West” era of crypto is coming to an end, and the industrys “compliance elimination tournament” has officially begun.  As regulation moves from the “Wild West” to “Wall Street,” the real survival game begins.  For any centralized exchange (CEX), 2026 offers only three paths:  Obtain a license, wait in line for one, or shut down.  There is no longer an option to “wait and see.”  Lets examine who is passing the test, who is struggling, and who has already been eliminated in this regulatory storm.Global Regulatory Landscape: One World

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Bank of Korea Breaks 13-Year Streak With Gold ETF Purchase

The Bank of Korea has disclosed a $250 million position in a gold exchange-traded fund (ETF). The stake marks its first gold-linked investment in 13 years.  The move gives South Koreas central bank exposure to gold prices without expanding its physical bullion reserves.  Filing Shows a $250 Million Gold ETF Position  The BOK held 679,765 shares of SPDR Gold Shares at the end of June. The stake was valued at $250.4 million in a filing submitted to the US Securities and Exchange Commission.  Sponsored  Sponsored  That same document lists four holdings worth $3.89 billion in total. Gold accounted for roughly 6.4% of the disclosed portfolio. It reported no such position three months earlier.  Gold ETFs count as securities and are held within South Koreas foreign-exchange reserves. Physical bullion is treated as a separate long-term reserve asset. This means that the purchase leaves the official stockpile at about 104.4 tons, unchanged since 2013.  However, earlier in August, the central bank said it built a framework for domestic gold purchases, its first such step in almost six decades.  Follow us on Xto get the latest news as it happens  Central Bank Gold Demand Hit a Record Second Quarter  Meanwhile, other central banks combined added a net 289 tons in the three months through

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Goldman Sachs to add Bitcoin, Ethereum ETFs in $2.25B Neos deal

Goldman Sachs has agreed to acquire Neos Investments for up to $2.25 billion, a deal that will add three Bitcoin and Ethereum options-income ETFs managing more than $1.1 billion combined to its asset management business.  SummaryGoldman Sachs will acquire Neos Investments for up to $2.25 billion.The deal will add three Bitcoin and Ethereum income ETFs to Goldmans asset management business.Neos manages more than $30 billion across 19 options based income ETFs.The transaction is expected to close in the first quarter of 2027, subject to regulatory approval.  According to Goldman Sachs, the cash-and-equity transaction will bring Neos and its more than $30 billion in assets under management into Goldman Sachs Asset Management, subject to performance and service commitments tied to the agreement. The acquisition is expected to close in the first quarter of 2027 after regulatory approval and other customary closing conditions.  Among the 19 Neos funds included in the transaction are the Neos Bitcoin High Income ETF (BTCI), Boosted Bitcoin High Income ETF (XBCI) and Ethereum High Income ETF (NEHI), giving Goldman an existing lineup of crypto-linked income products while its own proposed Bitcoin income fund remains on file with U.S. regulators.  Goldman Sachs will inherit three crypto income ETFs  Neos launched BTCI in October

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Bitwise CIO sees crypto valuations doubling on token revenue

Bitwise Chief Investment Officer Matt Hougan argued on Aug. 12 that crypto valuations outside Bitcoin could rise sharply as more protocols connect revenue generated by network activity to their native tokens.  SummaryBitwise CIO Matt Hougan says stronger revenue capture could help crypto valuations double or more.Hyperliquid routes roughly 99% of fee revenue toward HYPE purchases through its Assistance Fund mechanism.Uniswap governance has funded about 7.5 million UNI burns through protocol fees since December 2025.Aaves first ten months of buybacks acquired over 205,000 AAVE using $42 million in allocations.SEC commissioners will consider tailored crypto offering rules at an open meeting scheduled for Friday.  In a memo, Hougan pointed to Hyperliquid, Uniswap, Aave, Pump.fun and Lighter as examples of projects using fees or other protocol revenue to finance token purchases or burns. He expects more DeFi applications and layer 1 networks to adopt similar structures over the next 12 to 24 months.  His strongest forecast was explicitly conditional. Hougan wrote that “we could see valuations double or more” if his view that the link between protocol revenue and token value continues strengthening proves correct. Bitwise also states that the memo represents an assessment at a particular time and is neither a guarantee of future results

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Blockchain Association backs Custodia's Supreme Court bid over Fed master account access

Quick TakeThe Blockchain Association filed an amicus brief on Wednesday in support of Custodia Bank‘s Supreme Court petition challenging the Fed’s denial of master account access.The industry group said the case is about ensuring “lawful digital asset businesses can compete on equal footing.”  The Blockchain Association has filed an amicus brief in support of Custodia Banks Supreme Court petition challenging the Feds denial of master account access.  In a Wednesday filing, the industry group urged the court to review whether regional Fed banks have the discretion to reject eligible state-approved banks access to master accounts.  A Fed master account could give financial institutions direct access to the central banks payment systems, which is key infrastructure for banks serving digital asset clients.  “No lawful industry should be excluded from essential banking services through regulatory pressure or unchecked administrative discretion,” the association wrote in a thread of posts on X, adding that the case is about ensuring “lawful digital asset businesses can compete on equal footing.”  In its amicus brief, the association also cautioned that prior lower courts rulings provide “a blueprint for federal regulators to debank disfavored industries or companies in the future without interference from state regulators.”  Years-long legal battle  Custodia Bank, a Wyoming-chartered crypto-focused institution founded

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Metaplanet denies selling bitcoin worth $320 million

SummaryMetaplanet CEO Simon Gerovich said the company has not sold any bitcoin and still holds 43,000 BTC despite recent large on-chain movements.Gerovich explained that the transfer of 5,014 BTC, worth about $320 million, was a routine shift between Metaplanet custodial addresses rather than a liquidation.  Tokyo-listed bitcoin holder Metaplanet isnt dumping its bitcoin bags.  Company CEO Simon Gerovich moved quickly to dismiss reports of a massive sale, clarifying that Wednesdays large BTC transfer, flagged by blockchain trackers, was merely a “routine custody transfer” and not a liquidation.  “We transferred 5,014 BTC between Metaplanet custodial addresses over the past 24 hours. This was a routine custody operation. No bitcoin was sold, and our holdings remain 43,000 BTC,” Gerovich said.  On Wednesday, data tracking firms flagged the movement of 5,014 BTC, worth $320 million at the going spot price, from wallets linked to the firm. That sparked a speculation that the firm was preparing to sell those coins.  These so-called digital asset treasury firms, led by industry giant Strategy, has come under the microscope recently as investors watch for any sign of these major corporate holders trimming their positions to lock in gains or manage balance sheet risk.  Strategy portions of its BTC holdings to fund dividends on

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AI Is Bullish for Crypto, Bitwise Advisor Says

Undoubtedly, artificial intelligence is one of the biggest competitors for speculative investment capital in financial markets.  However, according to Jeff Park, a former Bitwise portfolio manager and current advisor to the crypto asset manager, the AI boom could end up becoming a catalyst for BTC, which is a rather unpopular opinion within the cryptocurrency sector.  Crypto Event Calendar  He argued that the enormous wealth being created by AI is bullish for BTC because the financial structures supporting that boom will not last indefinitely. “Its hard to believe this right now but all this AI wealth creation is very bullish for BTC,” Park wrote.  His unorthodox take is based on an asset-liability mismatch. Park believes the resulting financial positions could eventually become unstable. Capital could end up fleeing riskier or more heavily leveraged assets and seek alternatives such as Bitcoin.  Park believes that BTC is an “infinite duration asset” that could be waiting for that eventual rotation of capital.  Chipping away at cryptos potential  AI has become one of the dominant investment narratives in global markets.  Reuters reported in June that Bitcoin was suffering as investors moved their attention toward booming AI-related stocks.  That means a booming AI-driven stock market can potentially make Bitcoin look less attractive, and capital is

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ASX shareholder seeks court action against former directors

ASX shareholder Rosherville Pty Ltd has notified the Australian Securities Exchange that it plans to seek Federal Court permission to pursue certain former officers and directors over the failed CHESS replacement project.  SummaryRosherville plans to seek Federal Court approval to sue ASX officers and directors over CHESS.ASX says the proposed derivative action contains no allegations against the exchange itself at present.Federal Court ordered ASX to pay A$20.5 million over its earlier misleading CHESS project statement.ASX scrapped the original distributed ledger system after writing off A$245 million to A$255 million.ASX replacement Release 1 launched in April while Release 2 is currently planned for 2029.  ASX disclosed the proposed statutory derivative action on Aug. 12, less than six weeks after the exchange was ordered to pay an A$20.5 million penalty in a separate regulatory case over the same project.  The exchange said Rosherville alleges breaches of directors duties connected with the previous project. ASX stressed that the proposed action contains no allegations against the company itself. Its announcement does not identify the former officials, detail their alleged breaches or state what remedies Rosherville intends to pursue.  You might also like:  ASIC warns of Bitcoin ETF risks as ASX listing sees cautious optimism  ASX shareholder must clear five court

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