SEC Commissioners Disagree on Crypto Custody Rules for Registered Advisers and Funds
A sharp divide among SEC commissioners is reshaping the crypto custody debate, as Hester Peirce backs new flexibility while Caroline
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Funds
Japan’s Gumi Raises Funds to Acquire XRP and Expand Blockchain Strategy
Gumi is ramping up its blockchain strategy with fresh funding, targeting XRP acquisitions, staking income, debt reduction, and deeper ties
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Coinbase funds New York pilot giving $12K in USDC to low-income residents
Key Takeaways GiveDirectly is administering a New York pilot that distributes $12,000 in stablecoins to low-income young adults, funded by
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Securitize integrates Ripple’s RLUSD for instant liquidity in BlackRock and VanEck tokenized funds
Key Takeaways Securitize has integrated Ripple’s RLUSD stablecoin, enabling instant exchange of tokenized fund shares for stablecoins. Investors in BlackRock’s
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RexShares’s US Solana staking ETF reaches $338M AUM as SEC weighs other spot Solana funds
Key Takeaways REXShares’s Solana staking ETF ($SSK) has reached $338 million in assets under management. $SSK is the first US-listed
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Franklin Templeton’s Benji Platform Plugs Into BNB Chain to Scale Tokenized Funds
Franklin Templeton is planting its Benji Technology Platform on the BNB Chain, widening its tokenization footprint to reach everyday investors
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Bitcoin ETFs See $363 Million Exit as Ether Funds Lose $76 Million
Bitcoin ETFs opened the week with $363 million in outflows, while ether ETFs shed $76 million across four funds. Both
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UXLINK reports security breach in multi-signature wallet; stolen funds relocated
Key Takeaways UXLINK reported a security breach involving its multi-signature wallet, leading to theft of funds now moved to exchanges.
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Michigan progresses Bitcoin Reserve bill to invest 10% state funds in Bitcoin
Key Takeaways Michigan’s legislature is considering a bill to allow up to 10% of its public funds to be invested
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SEC nears approval of ETF share classes for mutual funds as 65-70 firms with trillions in assets prepare to launch
Key Takeaways The SEC is close to approving ETF share classes for mutual funds, signaling a potential major industry shift.
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