Legal
Nearly $15B is moving off LayerZero, now a $292M lawsuit puts its security model on trial
KelpDAO’s $292 million lawsuit against LayerZero tests who bears the loss when customer-set security and provider infrastructure fail together.
Sentiment: Neutral
Latest stories
Regulation
Kalshi must lock out state users after major court loss
A second appeals court backed state control of Kalshi’s sports contracts, exposing 69% of its modeled retail demand.
Tokenization
ARK partners with Securitize to put a venture fund on Ethereum, but leaves exit doors locked
The tokenized ARKVX interest still comes with a fund-wide quarterly repurchase cap and no announced secondary venue.
DeFi
EU faces September 30 clock to decide future of DeFi loans
Its MiCA review response points to crypto firms’ access routes while any new lending duties remain a future legislative choice.
Tokenization
IBM links 17 banks to the SWIFT ledger, but the cloud risk persists
Digital Asset Haven’s ISO 20022 adapter supports tokenized-deposit instructions, while final settlement stays with existing systems.
Wallets
Dormant whale moves $380M Bitcoin, leaving the sale question unanswered
The principal Bitcoin output dated to April 2022, and the Sept. 25 destination still held the full balance at the time checked.
Featured
Strategy’s daily dividend proposal puts Bitcoin funding back in investors’ hands
The four preferred shares would pay more often at current rates. Whether buyers bid them higher remains unproved.
Featured
Bitcoin faces a new inflation test after diesel hits a nominal $6.53 record
Lower distillate stocks add to fuel pressure, while upcoming September price reports will test whether freight costs spread.
KYC
SEC’s Hester Peirce wants to end crypto’s KYC honeypots before stablecoin rules create more of them
Proposed GENIUS Act rules could require issuers to retain identifying records for five years despite a string of damaging data breaches.
Hacks
Bitget’s North Korea-linked $352 million hack could drain 76% of its protection fund
Bitget says its $464 million backstop will cover losses, though the final draw depends on recoveries.
DeFi
Two obscure pools fuel 2.8B XRPL volume, but only 185 trades caused it
Two newly created token pools dominated XRPL.to’s seven-day AMM tally, raising questions about what headline volume figures actually measure.
Payments
Lightning Labs discloses critical bug marking canceled invoices paid, risking free product delivery
Older Lightning Terminal versions could mark canceled Bitcoin payments as paid, putting merchants at risk of releasing value without receiving funds.
