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GENIUS Act DeFi Rules Face Calls for Clarity
The Blockchain Association is urging the US Treasury to clarify how proposed GENIUS Act rules could affect DeFi software, foreign stablecoin issuers, and liability. The debate will shape whether decentralized projects face clear compliance boundaries or unintended regulatory obligations.
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Stablecoin Transfers Hit $891B as Banks Adopt Crypto
Coinbase reports stablecoin transfers quadrupled to $891 billion as US banks expand adoption. Notably, 73% of stablecoin volume occurs outside normal banking hours, highlighting the always-on nature of blockchain payments.
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Switzerland Approves First Swiss Bitcoin ETF
Switzerland has authorized its first Swiss-domiciled Bitcoin ETF for public investors. The FINMA-approved product offers direct bitcoin exposure under a regulated framework, potentially widening access to regulated crypto investments in Europe.
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Deutsche Bank and JPMorgan Build on Ethereum
Deutsche Bank and JPMorgan are building institutional services on Ethereum, highlighting the network’s growing role in tokenization and digital finance. Their work could improve settlement and liquidity while raising questions about regulation and security.
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Sberbank to Offer Bitcoin, Ether, and USDT to 110M Clients
Russia’s largest bank, Sberbank, will offer Bitcoin, Ether, and USDT to 110 million retail customers starting December 1, following approval from the Bank of Russia. The launch marks a major milestone in global crypto adoption.
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Europe’s Largest Banking Network Now Supports XRP and Bitcoin
Europe’s largest banking network has added support for XRP, Bitcoin, and other major cryptocurrencies, marking a major milestone in mainstream crypto adoption. The move could open the doors for millions of new users across the continent.
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Hyperliquid Seeks AI Compute Perpetual Contracts
Hyperliquid is asking the CFTC to consider perpetual futures contracts based on AI computing resources such as GPU-hours and inference capacity. The idea could bring AI infrastructure into a new financial market, but major regulatory and settlement questions remain.
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Hyperliquid Policy Center Challenges SEC Crypto Rules
The Hyperliquid Policy Center has filed a formal comment letter asking the SEC to clarify how airdrops, token buybacks, and secondary trading will be treated under its proposed Regulation Crypto Assets. The group argues the current draft is too vague and could chill innovation in U.S. crypto markets.