The Office of the Comptroller of the Currency granted preliminary conditional approval to World Liberty Trust Company, which is set to take over issuance of the USD1 stablecoin.
The largest cryptocurrency has spent a week in a narrow band while institutional desks split between calling a cycle low and warning of another leg down.
Gnosis Chain has begun the technical work of tying itself more closely to Ethereum's security and standards, an early test of the 'economic zone' idea.
The agency's first major crypto rulemaking was hours from being proposed when the meeting was scrapped, leaving a token offering safe harbour in limbo.
Network usage on Solana has stayed close to its highs even as the token trades near $75, reopening an old argument about what onchain activity is worth.
From September, ordinary investors on regulated venues will be limited to bitcoin, ether and tether, with an annual purchase ceiling of about $3,600 per intermediary.
US bitcoin and ether funds took in a combined $1.1bn in the first week of August. The second week ran the other way, ending a five-week streak for ether products.
Deposit yields on the largest onchain money markets have collapsed toward the risk-free rate, leaving lenders with little compensation for smart-contract risk.
Yield-bearing synthetic dollars have found a new distribution channel through regulated platforms' earn products, and the balances are no longer small.
Grayscale is paying staking rewards out as cash and Fidelity has filed to add staking to its ether fund, while both Ethereum and Solana debate cutting issuance at the protocol level.
Losses to smart-contract exploits are running well below the sector's worst years, and the spending that produced that result is shifting from audits to monitoring.
The Agave v4.2 upgrade activates on mainnet this week, delivering the first slice of a promised fifty per cent cut in block production time and laying groundwork for sub-second finality.