The Federal Reserve will hold a payments innovation conference on October 21 to discuss stablecoins and related topics, according to a social media post by ZoomerFied.
In significant market developments, Galaxy Digital announced it will issue tokenized equity on the Solana blockchain. Simultaneously, Ondo Finance has launched over 100 tokenized U.S. stocks and ETFs, expanding access to traditional assets through blockchain technology.
European Central Bank President Christine Lagarde stated that the European Union must address regulatory gaps in stablecoin oversight, emphasizing the need for comprehensive frameworks.
The People’s Bank of China Chongqing Branch issued a public warning about fraud schemes promoting ‘digital RMB rebates,’ urging citizens to exercise caution.
Lido Finance introduced Lido Earn, a new product offering enhanced staking rewards. In corporate news, AlloyX Group merged with Solowin Holdings at a $350 million valuation, with a 12-month lock-up period for shares.
Kraken exchange is currently investigating issues related to its Mina protocol funding gateway. Crypto.com launched the Morpho USDC Treasury, providing new yield opportunities for users.
Etherealize, an Ethereum-based infrastructure company, completed a $40 million funding round led by Electric Capital and Paradigm.
The newsletter also highlighted featured articles including an analysis of Circle’s interest revenue model, a monthly Web3 security report detailing $82.89 million in losses, and coverage of Hyperliquid’s record-breaking per-employee revenue metrics. Additionally, a guide was provided for financial professionals seeking virtual asset licensing upgrades in Hong Kong’s evolving regulatory landscape.
