Obex Starts Deploying $1B in USDS Into Mortgages, AI Hardware, and Solar Energy

The Sky-backed stablecoin incubator’s inaugural class of eight projects marks the protocol’s biggest push yet to diversify beyond crypto-native yield sources. Obex, the stablecoin incubator administered by Framework Ventures and backed by a $2.5 billion mandate from the Sky ecosystem, on Tuesday announced its inaugural cohort of eight projects and began deploying up to $1…

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Coinbase Brings Exchange Data Onchain via Chainlink’s DataLink

The integration gives DeFi protocols direct access to institutional-grade order book, spot, and futures data from the largest US crypto exchange. Coinbase has integrated Chainlink’s DataLink service to publish its premium exchange data onchain for the first time, the companies announced on Tuesday. DataLink is an institutional-grade data publishing service powered by the Chainlink data…

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UK Bans Crypto Donations to Political Parties, Citing Foreign Interference Risk

An independent government review warned that crypto assets could channel foreign money into British politics. The United Kingdom has imposed an immediate moratorium on all cryptocurrency donations to political parties, Prime Minister Keir Starmer announced on Wednesday. The move follows the publication of the Rycroft Review, a 50-page independent assessment of foreign financial interference in…

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Bitcoin Hovers Around $70,000 as Crypto Stocks Plunge

Circle stock fell 19% after the latest Senate draft of the Clarity Act included restrictions on stablecoin yield. Crypto markets dipped slightly on Tuesday as geopolitical uncertainty persisted and investors considered the implications of the U.S. Senate’s revised draft of the crypto market structure bill, or Clarity Act. Bitcoin (BTC) is trading at around $70,000,…

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BMO launches tokenized cash and deposits on CME’s 24/7 settlement network: Bank of Montreal

Bank of Montreal enables clients to convert dollars into tokenized cash on CME and Google Cloud’s Universal Ledger for round-the-clock margin, collateral and B2B payments. Bank of Montreal announced it will allow clients to convert dollars into tokenized cash and deposits on CME and Google Cloud’s Universal Ledger infrastructure, enabling 24/7 settlement for margin, collateral…

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NYSE Taps Securitize to Develop Tokenized Securities Trading Infra

Securitize will become the first digital transfer agent eligible to mint blockchain-based securities on NYSE’s upcoming Digital Trading Platform The New York Stock Exchange and real world asset (RWA) tokenization platform Securitize have signed a Memorandum of Understanding to collaborate on tokenized securities infrastructure, the two companies announced on Tuesday. Under the deal, Securitize will…

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Ethereum Foundation Launches Post-Quantum Research Hub

The EF’s Post-Quantum and Cryptography teams have consolidated an 8-year research push into an open resource with a roadmap and specifications. The Ethereum Foundation on Tuesday launcheda dedicated website consolidating the organization’s post-quantum (PQ) security work into a single public resource. The site represents the public-facing culmination of what the EF describes as an 8-year…

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Latest Clarity Act Draft Bans Rewards on Passive Stablecoin Balances

Activity-based rewards are allowed, but anything ‘economically equivalent to interest’ is barred. Crypto industry leaders reviewed the draft stablecoin yield language in the Digital Asset Market Clarity Act during a closed-door session on Capitol Hill on Monday, and the opening reaction was that the text was overly narrow and unclear, according to CoinDesk. The draft,…

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