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SEC Staff Clears Franklin Funds to Use Onchain Money Fund for Cash and Collateral
TradFi & Fintech

SEC Staff Clears Franklin Funds to Use Onchain Money Fund for Cash and Collateral

The relief lets Franklin Templeton’s registered funds hold FOBXX through an affiliated blockchain-integrated system, subject to 12 custody and control conditions.
SEC Advances Tokenized-Securities Exemption That Could Enable 24/7 Trading
Regulation & Politics

SEC Advances Tokenized-Securities Exemption That Could Enable 24/7 Trading

Atkins says the framework would support compliant onchain trading while long-term rules are developed; Friday's scheduled Commission consideration covers a separate offering proposal.
Bitwise Cuts 14% of Staff as Client Assets Fall to $9 Billion
CeFi

Bitwise Cuts 14% of Staff as Client Assets Fall to $9 Billion

The crypto asset manager reduced headcount to about 155 from 180, while its BITW index fund ended June with $532.8 million in net assets, down from $1.03 billion at year-end.
Harmony Patches Pre-Staking Quorum and Receipt-Replay Flaws After ONE Mint Claim
Hacks

Harmony Patches Pre-Staking Quorum and Receipt-Replay Flaws After ONE Mint Claim

Harmony asked exchanges to block four wallets and paused its bridge, while an analyst’s estimate of four billion unauthorized ONE remains unconfirmed.
Barça Mobile Plans Stellar Wallet With Wirex and Crossmint
TradFi & Fintech

Barça Mobile Plans Stellar Wallet With Wirex and Crossmint

Wirex will provide payment and card infrastructure, Crossmint will handle wallet onboarding, and Stellar will supply the blockchain layer for the planned feature.
CFTC Sues Goliath Ventures Over Alleged $397M DeFi Liquidity Pool Ponzi
Regulation & Politics

CFTC Sues Goliath Ventures Over Alleged $397M DeFi Liquidity Pool Ponzi

The complaint says $87 million went to Ponzi payments, $174 million to recruiter commissions and $48 million to CEO Christopher Delgado's personal spending, with recoveries for roughly 1,600 customers now running through a bankruptcy estate.
Riot Signs $9.1B, 20-Year AI Data Center Lease at Its Texas Bitcoin Mine
TradFi & Fintech

Riot Signs $9.1B, 20-Year AI Data Center Lease at Its Texas Bitcoin Mine

The 20-year lease is projected to average $457 million a year, while Riot's fully costed bitcoin mining ran at 126.5% of the value of the coins it produced last quarter.
Stablecoin Card Issuer Rain Buys Merchant Wallet Startup Ansa
TradFi & Fintech

Stablecoin Card Issuer Rain Buys Merchant Wallet Startup Ansa

Ansa builds branded prepaid wallets that hold dollar balances for merchants, with no stablecoin leg. Founder Sophia Goldberg joins Rain as head of payments, and terms were not disclosed.
Coinbase Wins Abu Dhabi License for Tokenized Securities Hub
TradFi & Fintech

Coinbase Wins Abu Dhabi License for Tokenized Securities Hub

The FSRA permission covers arranging deals in investments and custody. Coinbase has not named a launch date, and the fine print limits which token holders can vote their shares.
MoneyGram Brings Cash-To-Crypto Ramps To Solana
TradFi & Fintech

MoneyGram Brings Cash-To-Crypto Ramps To Solana

MoneyGram Ramps is now native to Solana, ending its run as a Stellar-only product. Trading app Rift is the first Solana wallet to integrate it.