Latest

CeFi
Tether Clears First Full Audit From KPMG Without Publishing the Statements
The Big Four firm issued an unqualified opinion on 2025 accounts for Tether's El Salvador issuing entity. The work was done to AICPA standards rather than the PCAOB standards the GENIUS Act sets for licensed U.S. issuers, and Tether has released neither the statements nor the opinion letter.

TradFi & Fintech
Norway Wealth Fund Discloses $81.9 Million BitMine Stake
The fund reported holding 6.15 million BMNR shares at June 30, giving it indirect Ethereum exposure through a listed company.

TradFi & Fintech
Tempo Launches Embedded Yield Product for Platforms, Starting With Deel
Tempo Earn routes rewards through Morpho vaults and tokenized money market funds, placing the payment outside the stablecoin issuer that US law bars from paying interest. Deel's contractor wallet is the first named deployment, at a promotional target rate of up to 4% APY.

DeFi
SharpLink Plans $200 Million ETH Allocation to Lido’s wstETH
Using Kraken’s displayed $1,889.84 ETH price, the planned allocation equates to about 106,000 ETH, roughly 12% of SharpLink’s reported holdings.

TradFi & Fintech
Robinhood Private-Market Fund Prices $200 Million IPO
RVII pays its adviser a 2% annual base fee and a 20% realized-gains incentive fee; some exposure may use illiquid vehicles.

TradFi & Fintech
Securitize’s Tokenized Assets Hit $4.3 Billion as Revenue Falls
Tokenization revenue dropped 12% and operating costs jumped 56%, showing that higher onchain assets have yet to produce steadier earnings.

Tokens
Circle’s cirBTC Is Live on Ethereum but Has Only 40 BTC Outstanding
Circle National Trust custodies the backing, while published Bitcoin addresses and Chainlink Proof of Reserve provide onchain visibility; Arc support remains forthcoming.

CeFi
BitGo CFO to Exit as Q2 Net Loss Hits $19 Million
Revenue jumped 80%, but trading and staking margins weakened as BitGo targeted $15 million in annualized savings following June layoffs.

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.

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.
