befla

Brazil’s $252 billion crypto market gets $10,000 self-custody reporting rule

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Brazil’s $252 billion crypto market gets $10,000 self-custody reporting rule
Brazil will require regulated financial institutions to report large crypto transfers involving self-custody wallets from Oct. 1. Under Resolution BCB 588, institutions authorized by the Banco Central do Brasil must notify the Financial Activities Control Council (Coaf) whenever they send virtual assets worth at least $10,000 to a self-custody wallet or receive the same amount … Read more

USDT grew on Ethereum through 2024, but smart contract holdings stalled, BIS data show

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USDT grew on Ethereum through 2024, but smart contract holdings stalled, BIS data show
More USDT was issued without a sustained rise in balances held by smart-contract accounts on Ethereum, according to a Bank for International Settlements working paper published Sept. 15, 2026. On Tron, those accounts held about 1% of USDT through most of the study’s historical series. Together, the findings challenge the assumption that a larger stablecoin … Read more

California signs into law restrictions banning public officers from issuing crypto meme coins

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California signs into law restrictions banning public officers from issuing crypto meme coins
California Gov. Gavin Newsom signed AB 2409 on Sept. 27, setting two restrictions on political meme coins. Covered California public officers and certain government employees will be barred from issuing them. Digital asset service providers face a separate limit on listing new official-linked coins for California residents. The enrolled bill makes an official’s role central … Read more

SEC staff’s staking-token split spotlights the exit risks behind staked ETH tokens

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SEC staff’s staking-token split spotlights the exit risks behind staked ETH tokens
An ETH holder can sell a liquid-staking token while the ETH behind it remains staked. A Sept. 25 SEC staff FAQ draws a conditional distinction between receipts that evidence ownership and protocol-issued tokens. Coinbase and Lido disclosures show the holder’s practical stake: a transferable token does not guarantee immediate unstaked ETH or a sale at … Read more

Prediction markets promised better information and hired Hollywood

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Prediction markets promised better information and hired Hollywood
Sydney Sweeney is helping sell sports predictions, which is a pretty good indication that prediction markets have moved beyond the people who enjoy arguing about probability on the internet. Novig’s Sept. 9 campaign announcement introduced the actress as a partner and equity holder in its sports-focused exchange. The campaign, called “Just Sports,” runs across digital, … Read more

Why your tokenized stock could stop trading for three months

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Why your tokenized stock could stop trading for three months
Buying a tokenized stock sounds as though it should be simple. You pick a company you know, buy a token representing its shares, and hold it in a digital wallet. The appeal is familiar stock investing with some of the convenience of crypto, potentially including trading beyond the hours of a traditional exchange. Then you … Read more

Nearly $15B is moving off LayerZero, now a $292M lawsuit puts its security model on trial

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Nearly $15B is moving off LayerZero, now a $292M lawsuit puts its security model on trial
Evercrest Technologies, the company behind KelpDAO, has sued LayerZero Labs, its Canadian affiliate, and CEO Bryan Pellegrino in British Columbia over April’s $292 million rsETH exploit. The claim alleges negligent misrepresentation, negligence and defamation, seeks aggravated and punitive damages, and says Kelp users have withdrawn more than $650 million since the attack. Pellegrino has called … Read more