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Nearly $10 million could be stranded on an Ethereum layer 2 after deposits were halted and the network announced plans to shut down. CryptoSlate said users must follow differing exit procedures before New Year’s Eve to avoid possible loss.
Wyoming is using Chainlink for near-real-time, onchain reserve verification for FRNT, its state-issued stable token. The integration broadens Chainlink’s role in tokenized financial markets, according to Cointelegraph.
G20 officials under the US presidency said digital assets could support broad-based economic growth and called for improved cross-border transactions, while promoting clearer pathways for digital-asset innovation.
Coinbase plans to move roughly $227 million from its International Exchange book to an offshore venue holding more than 96% of its derivatives. The cutover is scheduled for Sept. 9, according to CryptoSlate.
Bitcoin has fallen in eight of the past 13 Septembers, while stocks have shown a similar seasonal weakness since 1928. Last year broke the pattern, but September’s historical record remains in focus.
Bank of America, Citigroup and Goldman Sachs are among 21 institutions planning a stablecoin venture. The project will start with a US dollar stablecoin before expanding to other G7 currencies, with the euro next.
Hyperliquid is discussing a potential US launch for its perpetual futures through Payward-owned, US-regulated Bitnomial. The arrangement would mark the decentralized exchange’s first US entry, according to Decrypt.
CoinDesk’s week-ahead crypto briefing focuses on the U.S. jobs report and Russia’s digital ruble rollout, two developments on the digital-asset and macroeconomic calendar starting Aug. 31.
Vermont Senator Bernie Sanders said he plans to pursue legislation targeting Flock’s network of more than 120,000 AI cameras, warning that the system is pushing the United States toward a “surveillance state.”
The SEC is reviewing automatic filing pathways after a wave of proposals for crypto, leveraged, private-asset and election- or economic-event-linked ETFs reached the market, CryptoSlate reports.
Crypto executives agree AI agents will need to transact with one another, but they disagree on the solution. CoinDesk reports the eventual machine-payment currency could be a stablecoin—or an asset that has not yet been invented.
Chelsea FC will put Circle’s USDC stablecoin name on the front of its jerseys for the upcoming season, according to Circle. The sponsorship follows a UK FCA warning to football clubs about cryptoasset promotions.
Ethena, issuer of the $4 billion USDe token, expects real-world asset perpetuals to become a larger part of its backing than crypto derivatives within 12 to 24 months, as equity perpetuals gain momentum.
Connecticut’s new lawsuit against Kalshi adds to a growing prediction-market legal battle in state and federal courts. With rulings roughly split, the dispute could ultimately reach the U.S. Supreme Court.
