Polymarket Launches Protocol V2 to Overhaul Smart Contracts
Summary: Polymarket began rolling out Protocol V2 on Monday, introducing a new smart contract system designed to support different market types through a single exchange.
Compliance
Cuomo Warns US Crypto Rules Face Political Risk After Midterms
Summary: Former Governor Andrew Cuomo argues that SEC and CFTC crypto regulations lack durability without congressional legislation, risking reversal if Democrats gain control of Congress.
Adam Iza Sentenced to 78 Months for Hiring Deputies, Meta Fraud
Summary: Adam Iza received a concurrent 78-month sentence for abusing law enforcement and stealing $37 million from Meta, adding to his existing 15-year term.
Goldman Sachs Forecasts High Diesel Prices Through 2027 Amid Refining Constraints
Summary: Goldman Sachs projects diesel crack spreads will average above $40 per barrel in 2027, driven by constrained refining capacity and inventory rebuilding needs.
Better Markets Criticizes CFTC Retail Crypto Framework as Inadequate
Summary: Advocacy group Better Markets argues the CFTC lacks an investor protection mandate, making it unsuitable to regulate retail crypto transactions compared to the SEC.
Rain files for US trust bank charter amid OCC lawsuit over crypto approvals
Summary: Stablecoin infrastructure provider Rain applied to the OCC for a New York-based national trust bank, joining Modern Treasury in seeking charters despite community bank opposition.
Solana Launches Institutional Settlement Standard With J.P. Morgan Input
Summary: The Solana Foundation released an open-source delivery-versus-payment escrow program, incorporating design input from J.P. Morgan to enable atomic on-chain settlement.
FinCEN Withdraws Crypto Unhosted Wallet and Mixer Surveillance Rules
Summary: FinCEN withdrew its 2020 unhosted wallet rule and a 2023 proposal targeting crypto mixers, citing concerns over chilling legitimate activity.
FinCEN Withdraws Crypto Mixing and Wallet Reporting Rules
Summary: FinCEN withdrew two proposed rules on crypto mixing and unhosted wallet reporting, citing concerns over chilling legitimate activity and regulatory burdens.
Coinbase CBO: SEC Rules Unlock Advisor Bitcoin Access
Summary: New SEC regulations may allow financial advisors to hold Bitcoin for clients, with Coinbase providing the necessary custody infrastructure.
Crypto Council backs OCC charters, calls ICBA lawsuit anti-competition
Summary: The Crypto Council for Innovation defended the OCC's approval of national trust charters for crypto firms, labeling a lawsuit by community bankers as an attempt to stifle financial competition.
Modern Treasury Applies for US Trust Bank Charter to Enable Digital Asset Custody
Summary: Payments infrastructure firm Modern Treasury has applied to the OCC to establish a federally regulated national trust bank for stablecoin and fiat custody.
SEC Approves Cboe Listing of Six 3x Leveraged Crypto and Commodity Funds
Summary: The SEC approved Cboe's request to list six 3x leveraged funds from Volatility Shares tracking Bitcoin, Ethereum, gold, silver, crude oil, and natural gas.
ZachXBT Fronted $349.7K to Infiltrate Lazarus Laundering Ring
Summary: On-chain investigator ZachXBT spent $349,700 of his own USDC to pose as a client, exposing a Chinese syndicate laundering Bybit exploit funds for North Korea.
CFTC Proposes Crypto Framework Without Legislation After CLARITY Vote Fails
Summary: CFTC Chair Michael Selig announced new regulatory proposals for crypto exchanges, asserting the agency will act without congressional legislation following the failed passage of the CLARITY Act.
S&P Global Launches Risk Framework for Crypto Lending Vaults
Summary: S&P Global Ratings introduced a six-factor risk assessment framework for digital asset lending vaults, which have seen deposits grow to approximately $10 billion.
CFTC Proposes Federal Framework for Crypto Exchanges
Summary: The CFTC proposed a federal regulatory regime allowing U.S. crypto exchanges to opt in, advancing oversight despite the stalled Clarity Act.
Bitcoin Visualizers Transform On-Chain Data Into Art and Audio
Summary: A growing niche of open-source tools converts Bitcoin mempool data into interactive art, music, and 3D explorations for personal display.
CFTC Proposes Federal Oversight for Crypto Exchanges via New Regulations
Summary: The CFTC published an advance notice outlining Regulation CTX and CAM, proposing a new federal license for crypto exchanges based on leverage offerings.
NEXTPredict Founder: Prediction Markets Audience Dwarfs Trading Base
Summary: NEXT.io co-founder Pierre Lindh argues that prediction markets serve a mainstream audience far larger than the active trading base, prompting NEXTPredict to feature major media figures.