🇺🇸NOW: Latest proposal outlining stablecoin compromise would ban yield resembling bank deposits while permitting activity-based rewards, per Eleanor Terrett.
⚡️NEW: Ethereum Foundation outlines L1-L2 strategy with L1 serving as resilient settlement hub while L2s drive differentiation and customization for thriving ecosystem.
🇺🇸TODAY: The SEC submits proposed crypto interpretation framework to White House for review, seeking to clarify which digital assets qualify as securities under federal law.
⚡️ JUST IN: OpenAI is nearing a $10B raise from investors including MGX, Coatue, and Thrive, valuing the company at around $730B and bringing its latest funding round to roughly $120B.
🇸🇬JUST IN: Ripple joins Singapore's Monetary Authority BLOOM initiative, partnering with Unloq to pilot cross-border trade settlements using XRP Ledger and RLUSD stablecoin.