SEC opens the door to crypto custody
The SEC proposed new rules Thursday that would let investment advisers hold clients’ crypto themselves in limited cases, including when no eligible custodian is available. That addresses a longstanding headache for crypto managers: wanting to buy a token that no qualified custodian will hold. The proposal would also recognize state trust companies as crypto custodians, though questions around DeFi and staking remain open for feedback. It’s still a proposal, with comments due 60 days after Federal Register publication. Read more →
Crypto’s Clarity Paradox
Crypto spent three years fighting for the Clarity Act. When it died in the Senate, the market rallied instead. Bitwise CIO Matt Hougan traces the surprise through stablecoin rewards, Coinbase’s regulatory moat, tokenized stocks and token buybacks—then examines whether rules made by regulators can survive the next administration. Read more →
AI-Focused Crypto Tokens Were Top September Gainers
The AI-focused Crypto Sector meaningfully outperformed its peers in September, gaining 54% compared with 24% for the broader crypto market. Still, the market segment remains remarkably small at ~$15 billion. Tokens leading the sector today include: NEAR (+183% in September), Bittensor (TAO, +37%), World (WLD, +47%), and Venice (VVV, +70%). Read more →
A Rare Producing Copper Mine (From Gladiator Metals)
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