SEC, CFTC seek input on unified portfolio margin rules across securities and derivatives
The US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have opened a joint public consultation on whether to better align portfolio margin rules across securities and derivatives markets, seeking feedback on approaches that could expand cross-margining and reduce market fragmentation. The agencies are requesting input on cross-margining, collateral treatment, risk management
US community banks oppose OCC’s approval of Coinbase trust charter
The Independent Community Bankers of America has opposed the Office of the Comptroller of the Currency’s (OCC) conditional approval of Coinbase’s national trust bank charter, warning the application falls short of regulatory standards and could pose risks to consumers and the financial system. On Thursday, ICBA said Coinbase’s application shows deficiencies in risk controls, profitability
SoFi expands into institutional finance with integrated crypto services
Digital banking platform SoFi Technologies has launched Big Business Banking, a platform that allows companies to manage fiat and crypto transactions within a single regulated system. According to Thursday’s announcement, the offering enables companies to hold deposits, move funds and settle transactions around the clock using either traditional currencies or digital assets, consolidating functions that
Naoris launches post-quantum blockchain as quantum security risks gain attention
Naoris Protocol has launched its mainnet, introducing a layer-1 blockchain designed to use post-quantum cryptography for transaction validation and network security. The network is live with limited, invite-only participation, allowing early users to run validator nodes and process transactions. According to an announcement shared with Cointelegraph, it integrates cryptographic standards finalized by the National Institute
BitGo rolls out portfolio-based crypto lending platform for institutions
Digital asset infrastructure provider BitGo has launched a financing platform that lets institutional clients borrow and lend against liquid, staked and locked assets within a single custody account. The company said the system consolidates borrowing, lending and collateral management into one workflow, reducing reliance on processes that typically require multiple counterparties and manual asset transfers.
Ethereum builders propose ‘economic zone’ to tackle L2 fragmentation
Developers from Gnosis and Zisk, with backing from the Ethereum Foundation, have proposed a new framework aimed at unifying Ethereum’s fragmented layer-2 ecosystem by enabling rollups to interact seamlessly with each other and the mainnet in a single transaction. According to an announcement shared with Cointelegraph, the proposed “Ethereum Economic Zone” (EEZ) would allow smart
CFTC chair Selig says blockchain could help verify AI-generated content
Michael Selig, chair of the US Commodity Futures Trading Commission, said blockchain could play a key role in verifying AI-generated content, contending the technology can help distinguish authentic media from synthetic outputs as concerns over misinformation grow. During an appearance on The Pomp Podcast on Thursday, Selig was asked by host Anthony Pompliano about the
Bitcoin finance protocol Hashi launches on Sui with BitGo, FalconX backing
A new Bitcoin-based finance protocol called Hashi has been introduced on the Sui blockchain, with early participation commitments from crypto institutions including BitGo, Bullish and FalconX ahead of its planned launch later this year. According to an announcement shared with Cointelegraph, Hashi is designed to let Bitcoin holders earn yield on native Bitcoin (BTC) through
S&P Dow Jones licenses S&P 500 perpetual futures for Hyperliquid
S&P Dow Jones Indices has licensed its S&P 500 Index to Trade[XYZ] for the launch of a perpetual futures contract on Hyperliquid, in what the company described as the first officially licensed onchain product offering continuous, leveraged exposure to the index for eligible non-US users. According to Wednesday’s announcement, the contract allows eligible non-US traders
ETHZilla takes stake in Karus to tokenize AI-modeled auto-loan portfolios
Crypto treasury company ETHZilla (ETHZ) has taken a strategic step into onchain credit with the acquisition of a 20% fully diluted stake in automotive-finance AI startup Karus. The $10 million deal includes $3 million in cash and $7 million in ETHZilla stock, and will allow the company to integrate Karus’s underwriting AI models into its