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Block Seeks OCC Charter for Uninsured Bitcoin and Stablecoin Custody Bank
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.
Circle to Acquire Tazapay in $400 Million All-Stock Payments Deal
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.
Bitcoin Gives Back Its Overnight Gain As Brent Tops $100
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.
Arbitrum DAO
DeFi

Arbitrum Watchdog Seeks Permanent Bans For Three Grant Recipients

The committee behind Arbitrum's grant-misuse bounty program wants Good Entry, Limitless and APX Finance barred from all future DAO programs. None has replied to the forum thread, and three Snapshot votes could open as early as Sept. 10.
Hunter Biden's LAPTOP token
Tokens

Hunter Biden's LAPTOP Falls 99% In Three Hours To TRUMP's Valuation

The token opened on Base at 12:00 UTC Wednesday, closed its first five minutes at $247.55 and traded at $1.90 three hours later. Both tokens carry a one billion supply, so both now sit near a $2 billion fully diluted valuation, and LAPTOP's market capitalization is the larger of the two.
Consensys Software Inc. Splits In Two, Rebrands As MetaMask
DeFi

Consensys Software Inc. Splits In Two, Rebrands As MetaMask

The company behind the MetaMask wallet will keep the wallet and rename itself MetaMask, with Joe Lubin as CEO. Linea, Besu and the institutional infrastructure business move into a newly formed company that carries the Consensys name. Completion is expected by the end of 2026.
Polkadot Leads A Rotation Into Old Layer-1s As Hike Odds Widen
Markets

Polkadot Leads A Rotation Into Old Layer-1s As Hike Odds Widen

Polkadot rose 16.7% on the day and 42.5% on the week, with Cosmos Hub, Decred and Ethereum Classic all up more than 8%, while bitcoin ended the first U.S. session since Labor Day down 0.83% at $78,539. Polymarket traders raised the odds of a quarter-point Federal Reserve increase next week to 54.5%, a third consecutive session of widening. Brent crude settled at $99.31, its highest close since July 23.
SEC
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.
Tokenized Stocks Traded $1 Billion While The Stock Market Was Shut
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.
Compound
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.