The Ethereum Magicians discussion for EIP-8304 introduces a draft design for trustless log and transaction indexing, aimed at making historical lookups easier to verify without centralized indexers. TL;DR EIP-8304 proposes a simpler trustless log and transaction indexing design. The goal is to help apps and light clients verify historical logs and transactions more efficiently. The…
Trace Finance announced a $32 million Series A led by CoinFund, positioning the raise around regulated banking and stablecoin settlement infrastructure across Brazil, the US and emerging markets. TL;DR Trace Finance raised $32 million in a Series A led by CoinFund. The company is building regulated infrastructure that connects local bank rails with stablecoin settlement.…
The SEC said it proposed rescinding Regulation NMS Rules 611 and 610(e), reopening a debate over whether the US trade-through rule still helps markets or mainly adds complexity. TL;DR The SEC has proposed rescinding Rule 611, the trade-through rule, and Rule 610(e). The change could reduce legacy equity-market routing complexity if finalized. Tokenized equity and…
An Ethereum Magicians proposal for an asset-enforced spend mandate suggests token-level controls for delegated spending, including AI-agent wallet activity. TL;DR Ethereum developers are discussing an asset-level spend mandate for delegated wallets. The idea is to bound agent spending with caps, expirations, allowed tokens, and revocation rules. The proposal is aimed at safer AI-agent and delegated…
Derivatives giant CME Group is preparing to take the US Commodity Futures Trading Commission to court over the regulator’s approval of perpetual futures, setting up a sharp public clash over one of crypto trading’s most important product categories. TL;DR CME CEO Terry Duffy said on CNBC that the exchange plans to sue the CFTC over…
Satori Finance, a decentralized derivatives platform backed by names including Coinbase Ventures and Polychain Capital, has said it will wind down operations by July 16, putting another spotlight on how difficult crypto perps infrastructure has become outside the largest venues. TL;DR Satori Finance said it will shut down operations and terminate services by July 16,…
Zama and Morpho are pushing a more privacy-aware version of DeFi with a confidential USDC yield vault design that uses fully homomorphic encryption, or FHE, to bring private deposit logic to a public Ethereum environment. TL;DR Zama published a design for private deposits into public DeFi using FHE. The vault is tied to Morpho and…
Illinois has moved forward with a new digital asset tax, giving the crypto industry another state-level policy fight to watch as regulation increasingly shifts beyond Washington. TL;DR Illinois SB3019 has become law and includes a 0.2% tax tied to digital asset business activity. The measure is set to take effect on January 1, 2027. Industry…
A federal judge has denied Michelle Bond’s attempt to dismiss campaign finance charges connected to alleged FTX-linked political contributions, keeping another piece of the exchange’s legal fallout alive. TL;DR Michelle Bond’s motion to dismiss campaign finance charges has been denied in federal court. The case is tied to alleged funding connected to former FTX executive…
HTX remains under the compliance microscope after UK sanctions records and blockchain-intelligence analysis pointed to Huobi Global S.A., operating as HTX, being designated under the UK’s Russia sanctions regime. TL;DR The UK OFSI consolidated sanctions list is the primary source for the designation trail. TRM Labs has published a compliance analysis explaining why the designation…