Latest

CeFi
Nasdaq Invests $100 Million in Kraken Parent Payward
Nasdaq Ventures agreed to put $100 million into Kraken's parent company, at a $21 billion valuation according to Bloomberg, and Payward will adopt Nasdaq's surveillance technology across its trading venues.

TradFi & Fintech
Tenev Says Robinhood Stock Tokens Should Not Automatically Require Issuer Consent
The Robinhood CEO acknowledged that token holders lack voting rights, reflecting a structure that provides economic exposure through Jersey-issued debt securities rather than share ownership.

TradFi & Fintech
Block Seeks OCC Charter for Uninsured Bitcoin and Stablecoin Custody Bank
Builders Bank would operate under direct federal supervision without taking deposits or making loans, but the application still requires OCC approval.

TradFi & Fintech
Circle to Acquire Tazapay in $400 Million All-Stock Payments Deal
The Singapore-based target would add more than 60 banking and fintech partners and local payout rails across over 100 markets to Circle’s network.

Markets
Bitcoin Gives Back Its Overnight Gain As Brent Tops $100
Bitcoin reached $79,701.36 overnight and had round-tripped the move by midday in New York, leaving it flat over 24 hours. Ninety-three of the 123 largest non-stablecoin tokens are lower. Zcash holds a 56.3% weekly gain after DCG exchanged 85,705 ZEC for about $100 million of Grayscale's ETF, a swap disclosed in an 8-K filed Tuesday. U.S. spot bitcoin funds recorded their first outflow since Sept. 1.

Regulation & Politics
ARK Asks SEC To Approve Tokenized Share Class of Venture Fund
A pending exemptive application would let ARK Venture Fund record ownership of a new share class using distributed ledger technology and trade it on registered ATS venues. Hearing requests are due Sept. 18.
TradFi & Fintech
Tokenized Stocks Traded $1 Billion While The Stock Market Was Shut
The 42 largest tokenized equities turned over $1.01 billion on Saturday and Sunday, roughly matching Friday's session, and another $398.3 million on Labor Day. Robinhood Chain handled $572.8 million of the weekend total. One tokenized Nasdaq-100 fund on BNB Chain did $180.5 million on its own.
DeFi
Compound Opens Institutional Market With 87% LTV
The market takes ETH, wstETH, WBTC and cbBTC as collateral against USDC at loan-to-value ratios of up to 87%. Compound says borrowing is open to anyone, with approval required only for the 200,000 USDC in supplier rewards.

TradFi & Fintech
DBS and Citi Complete Weekend Dollar Payment on Swift Ledger
The Singapore-US transfer took minutes, but Swift says final settlement still occurs through existing banking systems.
TradFi & Fintech
BitMine Adds 28,086 ETH as Treasury Nears 5% of Supply
The company valued its 5.93 million ETH at about $14.79 billion, while aggregate reported holdings rose to $15.7 billion from $15.6 billion a week earlier.


