Coinbase Inches Closer Toward Federal Oversight
Plus, the IMF weighs in on tokenization
Happy Friday, Defiers
Today’s news:
- Coinbase gets conditional OCC approval
- IMF publishes report on tokenization
- SoFi launches enterprise platform on Solana
- Why Now Is the Best Time to Stake ETH on Rocket Pool [SPONSORED]
Read more below! But first, please give our sponsors some love; they make this newsletter possible.
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We’re back! Here’s what you need to know in web3 today
📈 Markets in the Past 24 Hours
| TICKER | VALUE | 24H | |
|---|---|---|---|
 | Bitcoin | $66,869 | -0.13 % |
 | Ethereum | $2,049.2 | -0.44 % |
 | XRP | $1.32 | 1.31 % |
 | BNB | $587.97 | 1.23 % |
 | Solana | $80.2 | 1.23 % |
🎬WATCH
The DeFi Exploit That Exposed a Bigger Problem
In this episode of The Defiant Podcast, Cami sits down with Omer Goldberg, founder of Chaos Labs.
A new DeFi exploit triggered millions in losses, but the deeper story is about risk. Goldberg explains how the attack unfolded, why the damage spread across lending markets, what vault curators got wrong, and whether DeFi is truly ready for mainstream adoption.
Watch the full interview:
Top News in the Past 24 Hours
Coinbase Joins Crypto Bank Trust Wave, Landing Conditional Approval From the OCC
Coinbase received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish Coinbase National Trust Company.
Why it matters: Coinbase is part of a wave of crypto native firms seeking federal trust bank charters in the U.S.
IMF Says Tokenization Is a 'Structural Shift' in Finance, Not Just a Tech Upgrade
In a new staff research note, The International Monetary Fund (IMF) argues that tokenization represents a "structural shift in financial architecture," not just an incremental efficiency gain.
Why it matters: The IMF calls for international coordination and legal frameworks that can govern code itself, not just the institutions that deploy it.
SoFi launches Big Business Banking platform on Solana
SoFi launched Big Business Banking, an enterprise platform on Solana that combines traditional fiat banking with stablecoin services on a single regulated platform.
Why it matters: SoFi has reactivated its crypto push in recent months, citing regulatory clarity; its recently launched USD stablecoin is based on Ethereum.
Trending on The Defiant
- Crypto Markets Tumble as Iran Strikes Resume, Drift Exploit Rattles Solana
- Crypto Market Maker CEOs Extradited From Singapore in FBI Wash Trading Sting
- Drift Protocol Vault Loses $270 Million in Potential Exploit
- Franklin Templeton Launches Dedicated 'Franklin Crypto' Division
- Non-USD stablecoin senders on Solana nearly tripled year-over-year, led by EURC and BRZ: Dune
- Base Doubles Down on Global Markets, Stablecoins, and AI Agents
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