Trump is expected to appoint Jay Clayton as new AI czar: Reports
US intel chief Clayton may be asked to also oversee AI innovation and development along with “self policing” tech CEOs. Source: cointelegraph.com Read Full Story
Blockchain
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Bitcoin nears highest level since January as $85,000 sell wall clears, US jobs data disappoints
Bitcoin climbed back toward $87,000 on Friday as sellers cleared out around $85,000, according to Glassnode. Source: www.theblock.co Read Full Story
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SEC proposes new crypto custody rules for investment advisers and funds
The regulator issued a proposed rule for custody, marking a swan song for its inaugural Crypto Task Force chief, Commissioner Hester Peirce, who exits this week. Source: www.coindesk.com Read Full Story
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Bitwise Maps the 4 Corners of Crypto That Won As CLARITY Act Stalled
Bitwise investment chief Matt Hougan has named 4 corners of crypto that gained from the CLARITY Act’s collapse. Stablecoins, exchanges, tokenization platforms, and buyback-driven tokens top his list. Hougan laid out the 4 winners in Bitwise’s weekly memo on September 30. He argues the Clarity Act failure in the US Senate left crypto better off….
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CryptoQuant says bitcoin correction could be near as traders’ unrealized profit hits 21-month high
Bitcoin could face a near-term correction as short-term traders’ onchain unrealized profit margin has reached its highest level in 21 months, according to CryptoQuant. Source: www.theblock.co Read Full Story
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A Clever RSA Attack Fooled a Hardware Vault—Here’s What It Means for Crypto
A UC San Diego-led team impersonated a hardware security module without extracting its key. Source: decrypt.co Read Full Story
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South Korea weighs crypto market makers after JPYC trades at 4 times peg
Crypto market making is effectively restricted under South Korea’s manipulation rules, but regulators are reconsidering the approach after a JPYC spiked on Upbit this month. Source: cointelegraph.com Read Full Story
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Kraken’s parent Payward is betting billions on becoming financial infrastructure, not just a crypto exchange
Kraken parent Payward is unifying trading, payments, asset management and institutional services on common rails, co-CEO Arjun Sethi said. Source: www.coindesk.com Read Full Story
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SEC Clarifies New Rules For Staked Ethereum
New guidance from US Securities and Exchange Commission (SEC) staff says the tokens people get for staking ether are not securities, as long as they work purely as receipts. The agency’s Division of Corporation Finance published the guidance on Friday. Three years ago, the same agency made a crypto exchange pay $30 million over staking….
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Fed proposes reserve limits, capital standards for stablecoin issuers under GENIUS Act
The Federal Reserve proposed new measures for stablecoin issuers, including reserve-asset limits and standardized capital requirements. Source: www.theblock.co Read Full Story
