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SEC Crypto Custody Rewrite Enters White House Review
The SEC’s proposed rewrite of custody rules for investment advisers and investment companies has been submitted for White House review, following the withdrawal of a 2023 safeguarding proposal.

• The rule would clarify how advisers and investment companies can custody crypto assets under SEC requirements.
• It aims to remove burdens from outdated provisions and cover both adviser client assets and investment‑company fund assets.
• The review entry (RIN 3235‑AN46) was filed on Aug. 25, with a target notice of proposed rulemaking in Oct. 2026.

#DeFi #SEC #CryptoCustody #InvestmentAdvisers #InvestmentCompanies #WhiteHouseReview
@DeFiYieldChannel
Revolut launches EURR stablecoin with Bridge as regulated issuer

Revolut has begun rolling out its euro‑backed stablecoin EURR to selected customers in Denmark, Poland and Portugal, using Bridge Building S.A. as the legal issuer and redemption counterparty.

• EURR is issued by Bridge Building, an electronic money institution licensed in Luxembourg, and is backed 1:1 by cash deposits in regulated credit institutions.
• As of 25 Aug, 374 EURR tokens were in circulation and 374 EURR worth of reserves were held; the token is available on Ethereum and Polygon.
• Revolut Digital Assets Europe Ltd offers EURR on the Revolut X platform, allowing users to move between euros, crypto, external wallets and supported blockchains.
• Circle’s EURC, a competing euro‑stablecoin, reported 394.5 million EURC in circulation across Avalanche, Base, Cronos, Ethereum, Solana, Stellar and World Chain as of 24 Aug.


#DeFi #Revolut #EURR #BridgeBuilding #Stablecoin
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Router Protocol to Shut Down Sept. 30, 2026 and Burn 303 M ROUTE

Router Protocol announced it will cease operations on September 30, 2026, permanently burning 303,333,198 ROUTE tokens held in its treasury.

• The burn matches the exact sum of three treasury addresses (101,111,066 ROUTE each) listed on Etherscan.
• No bridge volume has been reported in the last 30 days; total TVL is only $9,879.92, mostly on Aurora.
• Users holding ROUTE on centralized exchanges must withdraw before each venue’s delisting deadline; no separate withdrawal schedule is provided for bridge or liquidity‑provider positions.

#DeFi #RouterProtocol #ROUTE #Ethereum #Aurora #BridgeShutdown
@DeFiYieldChannel
Orionx Halts Withdrawals After Alleged $7M Asset Transfer Scam

Chile‑based exchange Orionx has suspended all customer withdrawals and begun a wind‑down after a forensic audit uncovered more than $7 million of custodied assets transferred to wallets outside the company’s control.

• Audit found $6.98 million in accounting differences across BTC, ETH, XRP and Polygon, with a reported loss of $6.07 million.
• Alleged transfers (2018‑2021) include 79 BTC moved via a Celsius account linked to former GM Roberto Zibert, and over $1.5 million in 14 transactions to an account linked to former tech manager Joaquín Díaz.
• Orionx filed a criminal complaint on Sept. 2 and is cooperating with Chile’s Public Prosecutor’s Office; the regulator CMF has no authority to order fund restitution.


#DeFi #Orionx #Chile #CryptoExchange #AssetRecovery
@DeFiYieldChannel
Liquid Federation Returns 3,400 BTC, Keeps 598 BTC

A transaction from the Liquid federation wallet sent 3,400 BTC (≈ $268 M) back to the federation and 598.49955894 BTC (≈ $47.2 M) to the attacker’s address, after a negotiation conducted entirely inside Bitcoin transactions.

• 3,400 BTC returned to the federation wallet, 598.49955894 BTC to the attacker’s address.
• The transaction is unconfirmed, replaceable, with a fee of 1,768 satoshis (0.77 sat/vB).
• Negotiation messages were exchanged via OP_RETURN fields, PGP‑signed by Blockstream.

#DeFi #Liquid #Bitcoin #Blockstream #PegOut #Elements
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Harmony to Sunset Network, Move ONE to Ethereum for AI Video Platform

Harmony announced it will fully sunset its blockchain after seven years and migrate the native ONE token to Ethereum. A final‑block snapshot will airdrop new ONE to wallet addresses, while delegated stakes and unclaimed rewards go to governor vaults. Users with ONE in smart contracts must exit before Sept. 10, as multisig safes, liquidity pools and apps will not migrate.

• Snapshot covers ONE in wallets, staking delegations, validator rewards, smart contracts and centralized exchanges.
• New tokens will fund an AI video platform called the “Remix Economy for AI Video,” with creators publishing open prompts and assets for AI agents to remix.
• Validators shutting down nodes on Sept. 10 and signing an agreement will receive a $1.372 million transition pool in four quarterly installments.


#DeFi #Harmony #ONE #Ethereum #AIvideo
@DeFiYieldChannel
Morpho Launches Fixed‑Rate Midnight Markets on Ethereum

Morpho has rolled out its Midnight fixed‑term, fixed‑rate lending protocol to Ethereum, adding USDC markets backed by WBTC and cbBTC.

• USDC | WBTC and USDC | cbBTC markets are live, offering borrowers predictable rates and lenders fixed returns.
• The launch does not yet allow the ~US$5 billion in Morpho Vault deposits to enter Midnight; DAO approval is required.
• Current Ethereum Midnight deposits total $7.41 M with $2.63 M in outstanding loans.

#DeFi #Morpho #Ethereum #USDC #WBTC #cbBTC
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DBS & Citi Execute U.S. Dollar Transfer Over Weekend on Swift’s Digital Ledger

A Singapore‑US payment completed on Sept. 5 moved between DBS and Citi’s New York office in minutes, using tokenized deposits on Swift’s blockchain‑based ledger.

• The transfer ran during the weekend, cutting the usual two‑business‑day cross‑border delay to minutes.
• Swift’s ledger coordinates tokenized deposits on banks’ own ledgers, while final settlement still occurs through existing banking systems.
• The test followed HSBC and Standard Chartered’s August live transfer; it is the second confirmed live use of the ledger.
• DBS is the only Asian‑headquartered bank in Swift’s 12‑bank core group; the transaction’s value and wider rollout timetable were not disclosed.


#DeFi #SwiftLedger #DBS #Citi #TokenizedDeposits
@DeFiYieldChannel
Hunter Biden’s LAPTOP memecoin plunges 99% in three hours on Base

The LAPTOP token, launched on Base, fell from $247.55 in its first five minutes to $1.90 within three hours, matching the price of the TRUMP token.

• LAPTOP opened at 12:00 UTC, closed its first five‑minute bucket at $247.55 on Aerodrome and $225.06 on Uniswap V4.
• By 15:20 UTC the Aerodrome price was $1.90, a 99.23% drop; Aerodrome traded $13.4 M and Uniswap V4 $11.3 M in that period.
• Both LAPTOP and TRUMP have a one‑billion supply; at $1.93 each, their fully diluted valuations are near $2 B, with LAPTOP’s market cap higher due to 350 M unlocked tokens versus TRUMP’s 273.1 M.
• The token’s contract (0xB095274743941e953c746F9C228DA9c18Bb6ec29) is a LayerZero omnichain token named LaptopOFT, audited by Hacken.


#DeFi #Base #LAPTOP #TRUMP #LayerZero #Tokenomics
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Arbitrum Watchdog Targets Permanent Bans for Three Grant Recipients

Arbitrum’s Watchdog Committee is calling for ARB holders to permanently ban Good Entry, Limitless, and APX Finance (formerly ApolloX) from all future ArbitrumDAO programs after uncovering grant misuse.

• Good Entry misappropriated 142,839 ARB to ineligible users and self‑farming wallets; the project ceased development in July 2024.
• Limitless transferred its entire 75,000 ARB allocation to USDC and bridged it to Base, effectively removing funds from Arbitrum.
• APX Finance failed to spend 239,714 ARB from its 525,000 ARB LTIPP allocation, leaving funds in treasury addresses and exhibiting sybil activity; the protocol has since merged into Aster on BNB Chain.


The proposal, posted on September 3, could trigger Snapshot votes as early as September 10, with a total of 457,553 ARB (≈$76,000) at stake.

#DeFi #Arbitrum #ARB #Watchdog #APXFinance #Limitless #GoodEntry
@DeFiYieldChannel
Vitalik Proposes EIP‑8288: Quantum‑Safe Signatures & Private Transactions for Ethereum

Vitalik Buterin outlined EIP‑8288, aiming to enable cheap quantum‑safe signatures, private transactions, and flexible proof schemes on Ethereum.

• EIP‑8288 would bundle many signatures into a single proof per block, reducing cryptographic overhead to 100‑300 kB plus a 96‑byte tag per claim.
• The design relies on a shared instruction set, with RISC‑V a leading candidate.
• Features include quantum‑safe privacy protocols and “private account abstraction,” allowing ownership changes across all on‑chain positions in one transaction without revealing details.

#DeFi #Ethereum #EIP8288 #QuantumSafe #RISCV
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