Fed Proposes Two-Day Redemption Limit and Capital Buffers for the Stablecoin Issuers It Supervises

The Federal Reserve Board opened two GENIUS Act proposals for comment, covering stablecoin reserves, capital charges, redemption limits, and bank applications.  Two business days. That is the longest a holder would wait for dollars from a stablecoin issuer the Federal Reserve supervises, if the new proposal survives public comment.  The Board put out two proposals on Thursday, both tied to the GENIUS Act. Comments stay open for 60 days after each notice appears in the Federal Register. The rules would cover issuers that are subsidiaries of state member banks, plus uninsured state-chartered issuers with $10 billion or more in coins outstanding.Source: Federal Reserve Board press release, September 24, 2026  Discover more  Crypto tax software  Hire Grant Writers  financing  What Counts as Backing  Every coin needs backing worth at least its face value, at all times. Allowed assets include dollars, balances at Federal Reserve Banks, demand deposits at insured banks and Treasury bills with 93 days or less left to run. Overnight repo and funds holding only those assets make the list too. Tokenized versions of some of them count as well, and Wall Street keeps pushing more holdings onchain, as BlackRock and Ondo showed the same day.  Issuers would also have to spread the risk. Piling uninsured deposits into

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Sequans Sells Final 314 BTC to Clear Corporate Debt

Key TakeawaysSequans Communications sold its final 314 bitcoin, fully exiting its digital asset treasury strategy.The exit mirrors a 2026 industry trend where companies like KULR and Riot Platforms liquidated bitcoin reserves.Sequans will use its simplified capital structure to scale 5G eRedCap and SDR chips after 80% Q2 growth.  Debt Elimination and Balance Sheet Unwind  Sequans Communications has completed its exit from its Bitcoin corporate treasury strategy following the sale of its remaining 314 bitcoin holdings, the company announced. The fabless semiconductor provider reported that the liquidation leaves the company with zero cryptocurrency assets and no outstanding corporate debt beyond obligations tied to government-financed research and development projects.  The disposition of its digital asset reserves marks the final step in a capital restructuring campaign that began in May 2026 with the redemption of the companys convertible debt. By sunsetting its bitcoin treasury policy, Sequans joins a growing list of public companies that have offloaded cryptocurrency holdings following market volatility.  KULR Technology Group sold its entire 764 BTC treasury position to eliminate short-term liabilities and redirect capital into energy storage, while Riot Platforms sold 9,665 bitcoin in H1 2026 to fund the AI pivot. Other listed companies taking similar steps include Prenetics Global and Genius Group.  Commenting

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CRO Climbs 6% as Crypto.com Files With CFTC for US Equity Perps

The price of Cronos ($CRO) rose about 6% this Friday after Crypto.coms CEO Kris Marszalek announced the company has filed with the CFTC to list equity perpetuals in the United States.  “Next step unlocked: Weve officially filed with the CFTC for equity perps in the US, following our Form 1-N acknowledgement by the SEC last week. Bridging digital asset innovation with US capital markets is happening in real time. Brick by brick,” Marszalek wrote on X.  Two Regulators, Two Filings  An equity perpetual is a futures contract on a stock with no expiry date. In the US, such a contract sits with both market regulators, so Crypto.com needs the SEC and the CFTC.  Nadex, the Chicago exchange Crypto.com runs as Crypto.com Derivatives North America, and OG.com filed a Form 1-N on September 14. The SEC acknowledged it on September 16. That notice registers Nadex as a securities exchange for the sole purpose of trading security futures, effective the day it was filed.  The form lists ten stocks Nadex plans to start with, such as Apple, AMD, Amazon, Alphabet, Meta, Microsoft, Micron, Nvidia, Tesla and SpaceX. Those ten are ordinary cash-settled futures with an expiry date.  Perpetual versions of those futures need the CFTC as well, under

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CFTC offers ‘regulatory clarity for crypto’ without approving BTC or ETH investments

The U.S. Commodity Futures Trading Commission (CFTC) has come up with its latest update around bringing tokenization and blockchain-based infrastructure closer to the existing regulatory framework.  Instead of creating an entirely new set of rules for crypto the CFTCs Market Participants Division (MPD), Division of Market Oversight (DMO), and Division of Clearing and Risk (DCR) updated their FAQs to address two specific issues.  The first being whether customer funds can be invested in tokenized versions of investments that are already permitted under CFTC rules. And the second one involves whether regulated firms can use blockchain technology to meet their recordkeeping obligations.  Remarking on the same, CFTC Chairman Michael S. Selig said,  I‘m pleased to see staff update these frequently asked questions consistent with the agency’s ongoing efforts to provide regulatory clarity for the crypto industry.  CFTCs updated rule for assets in tokenization  That said, in its updated FAQs, the CFTC clarified that assets already permitted under its rules can be held in tokenized form.  This means traditional assets such as U.S. Treasuries, corporate bonds or money-market fund shares can potentially be represented as blockchain-based tokens, provided the token gives holders the same legal and economic rights as the traditional asset.  This marked a major change for customer funds

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RWA issuers could force transfers on hidden balances under Ethereum's ERC-8424 draft

A draft Ethereum standard called ERC-8424 went up for review on Friday.Issuers of tokenized real-world assets (RWAs) would be able to force-transfer assets that still have encrypted amounts.  The pull request was published by Aryeh Greenberg, an OpenZeppelin developer who posts as arr00 in the ethereum/ERCs repository.  ERC-8424 adds two public checks and three private functions to ERC-7984  An Ethereum standard named ERC-7984 already exists for private tokens that store amounts as encrypted pointers. ERC-8424 builds on that standard.  The draft also has two plaintext eligibility checks, a confidential check to see if a certain transfer is allowed, a confidential number showing how much of a balance can be spent, and a forced transfer that only authorized parties can use.  When figuring out the amount that can be spent, issuer freezes, lockups, vesting schedules, and pledged amounts must be taken into account. The draft puts limits on minting, burning, stopping, and freezing, but it doesnt say how they should be put into action.  There are rules about who can transfer money and how much can be sent. “An issuer may be required to move assets without a holders consent,” the draft also says.  In the draft, it is written that ERC-3643 and ERC-7943 for tokens with public

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SEC Staff Clarifies Token Buybacks and Liquid Staking in New FAQs

TLDR:Buybacks on functional crypto systems dont signal a promise of essential managerial efforts.Non-functional systems face stricter scrutiny if buybacks are framed as yielding returns.Staking Receipt Tokens may qualify as digital commodities under certain issuer structures.SEC staff stress these FAQs are nonbinding and carry no legal force or effect.  The U.S. Securities and Exchange Commission staff released new FAQs on September 25 clarifying how token buybacks and liquid staking fit within federal securities laws.  The guidance explains that announcing a buyback of a non-security token on a functional crypto system does not amount to a promise of essential managerial efforts.  This distinction matters for issuers navigating the Howey test and determining whether their tokens qualify as investment contracts under current SEC interpretations.  Buyback Programs and Functional Systems  The FAQs, issued by the Division of Corporation Finance, address a common industry practice. Issuers often run buyback programs for treasury management, supply reduction, or rebalancing purposes.  Discover more  Deploy Cloud Servers  Compare Credit Cards  Digital payment systems  According to the new guidance, these announcements do not constitute a promise to undertake essential managerial efforts when the underlying crypto system is already functional.  The analysis changes for systems that are not yet functional. A buyback announcement could be treated as such a promise if the

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Ethereum Price Forecast: ETH holds steady despite weakening derivatives

Ethereum price today: $2,690Ethereum open interest has declined by 500K ETH over the past four days, even as the leverage ratio dropped to its lowest level since March.Takers in ETH perpetuals are slightly leaning down.ETH continues to consolidate near $2,700.  Ethereum (ETH) holds steady just below $2,700 on Friday as derivatives weakness continues.  Open interest (OI) in Ethereum futures declined to 12.71 million ETH this week, falling by roughly 500K ETH over the past four days. OI measures the total worth of open and unsettled contracts in a derivatives market.  ETH Open Interest. Source: Coinglass  In USD terms, OI is hovering near $34.5 billion, the same level as May, but prices are 15% higher, indicating weak leverage participation.  Similarly, the Estimated Leverage Ratio (ELR), which measures the ratio of an assets open interest to its spot reserves on exchanges, fell further over the past week to its lowest level since March. Declines in the ratio show reduced leverage exposure and a more stable derivatives market.  Discover more  Crypto market updates  Fintech investment reports  Computer Security  ETH Estimated Leverage Ratio. Source: CryptoQuant  Meanwhile, ETHs Net Taker Volume has remained in negative territory since the first week of September. The metric measures the difference between buying and selling volume of ETH perpetual futures

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Circle Foundation Funds UN Stablecoin Trials for Faster Aid

Circle Foundation is funding new digital payment trials for the United Nations, with projects focused on development programs and humanitarian aid. The foundation announced two grants on September 25 for payment initiatives run by UNDP and WFP.  The projects will test whether regulated payment stablecoins can move funds faster and at lower cost. UNDP will expand digital payment options across country offices, while WFP plans trials across two to three payment corridors.  UNDP Expands Digital Payment Work  UNDP will establish a Digital Asset Innovation Pool through the grant. The pool will help country offices assess regulated stablecoins alongside existing banking channels.  Related: Small Crypto Transactions Jump 78% While Stablecoins Gain Market Share  UNDP will track payment speed, costs, reach and safeguards. Earlier pilots covered Syria, Haiti, Guatemala and The Gambia.  A cash-for-work pilot in Syria cut distribution costs from 10% to 2%. The new pool will assess where similar payment tools could fit across UNDP operations.  WFP Builds Stablecoin Payment Systems  WFP will develop governance, compliance, treasury and reconciliation systems before testing stablecoin payments. It will also connect local fintech and mobile-money providers.  The trials will examine efficiency, transparency and resilience across multiple markets. WFP plans to test two to three payment corridors over three years.  Circle Foundation said the

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Tethers USDT is returning to Bitcoin—what the latest signal means

Tether CEO Paolo Ardoino has renewed attention on plans to make USDT widely usable through Bitcoin, saying the stablecoin is “coming home.”  Tether first announced its return to Bitcoin in January 2025, while companies developing the necessary payment infrastructure have worked on the rollout throughout 2026.  Tether renews its Bitcoin push  USDT was initially issued on Bitcoin via the Omni Layer protocol, but a majority of its activity has migrated to other networks such as Ethereum and Tron due to lower and quicker transfer fees.  As for the older version based on Omni, Tether ended offering direct support to that version. But it is now looking for ways to bring back USDT to Bitcoin.  Discover more  Financing  Ethereum market analysis  Financial technology news  In January 2025, Tether announced its intention to support transfers on Bitcoin and the Lightning Network. With Lightning, people can transact faster and cheaper without waiting for transactions to be settled on Bitcoins main network.  Utexo, a company supported by Tether, raised $7.5 millionin March to build such an infrastructure where business owners can send USDT over Bitcoin.  The company uses another system known as RGB. What this means is that it allows tokens to move with the help of Bitcoin without placing every piece of information directly

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Strategy seeks shareholder approval for daily preferred stock dividends

Strategy is seeking shareholder approval to move its four preferred stocks, including STRC, to daily dividend payments without changing their dividend rates or the total amount paid.  The companys board approved the proposal on Thursday, according to a Friday filing with the US Securities and Exchange Commission. Shareholders are scheduled to vote on the amendments at a virtual special meeting on Oct. 28.  If approved, each calendar day would become a dividend record date, with the corresponding payment made on the next business day. STRC would move to the new schedule first, with its initial daily dividend payment expected on Nov. 2.  STRF, STRK and STRD would follow in January, with their first payments under the daily schedule expected on Jan. 4. The amendments would take effect after Strategy files updated certificates governing the preferred stocks with the state of Delaware.  Related: Strategy buys 950 Bitcoin for $76M, repurchases $174M in STRC  Strategy follows Strive into daily dividends  Strategys proposal comes several months after fellow Bitcoin treasury company Strive moved its SATA preferred stock to daily dividend payments, becoming the first public company to adopt the model.  Strive announced in May that SATA would begin paying dividends every business day on June 16 at a 13% annual

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