Blockchain News page 35

Peirce will depart the Securities and Exchange Commission to teach at a law school as an associate professor. Hester Peirce is leaving the Securities and Exchange Commission. Her resignation takes effect October 2, according to multiple reports.

The proposed fund aims to deliver biweekly payouts using an options-based strategy tied to Zcash exposure. Grayscale has filed paperwork for a new exchange-traded fund named the ZCSH High Income ETF, according to reports from Coinfomania, TronWeekly, AMBCrypto, BlockchainReporter and Bitcoin.com News.

The NFT marketplace says outdated smart contract approvals left $5.7 million in assets exposed, and has published a process for owners to reclaim rescued NFTs. Magic Eden has confirmed that an exploit tied to outdated smart contract approvals compromised user assets on its platform.

Smith, who currently leads the Solana Policy Institute, will hold both roles as the crypto trade group manages a leadership transition. The Blockchain Association, one of the crypto industry's most prominent Washington-based advocacy groups, has appointed Kristin Smith as its interim chief executive.

A new arrangement with Binance is expected to widen USDC's reach in emerging markets, according to industry analysts Circle has entered into a new arrangement with Binance, the world’s largest cryptocurrency exchange by trading volume. Analysts tracking the stablecoin sector say the deal gives USDC a meaningful boost in its ongoing competition with Tether’s USDT.

Fresh capital pushes into Solana funds for a sixth straight day, coinciding with a price move above $119. US spot Solana exchange-traded funds recorded an $80 million inflow in a single day, the largest one-day total reported since these products began trading.

The firm's director of global macro says a mathematical growth model still points to that price by the end of the decade. Jurrien Timmer, Fidelity's director of global macro, has restated his view that Bitcoin could trade near $300,000 by 2029.

The exchange-traded fund tracking the NEAR Protocol token has received approval to begin trading, according to multiple reports. NYSE Arca has approved a Bitwise exchange-traded fund built around the NEAR Protocol token, clearing the way for the product to list and trade, according to CoinGape and BlockchainReporter.

New guidance from agency staff outlines conditions under which certain staking activities may fall outside federal securities law. The Securities and Exchange Commission's staff has released a set of frequently asked questions addressing staking, according to reports from crypto.news and The Cryptonomist.

Stablecoin issuers moved to lock stolen funds as Bitget dangles a 5% bounty for recovery help Bitget, a major cryptocurrency exchange, suffered a security breach that resulted in the theft of digital assets now estimated near $351.6 million, according to crypto.news.

The exchange plans a staged withdrawal resumption following a hack that reportedly drained hundreds of millions in crypto assets. Bitget has told users it will restart withdrawals in phases starting September 28, following a security incident that forced a temporary suspension of the service.

Ripple USD's expanding supply coincides with broader growth across stablecoins issued on the XRP Ledger. Ripple USD, the company's dollar-backed stablecoin known as RLUSD, has climbed to a new supply high near $2.5 billion. Reports on the figure vary slightly, with one outlet placing the total just above $2.4 billion.

The proposed consensus overhaul designed to cut settlement times has moved to a devnet public test network. Solana's proposed Alpenglow upgrade has advanced to a second public test network, according to reports from CoinDesk and crypto.news.

The raise will fund infrastructure aimed at supporting stablecoins and tokenized real-world assets, according to a report from NewsBTC. HIFI has raised $37 million in new funding to build infrastructure for stablecoins and tokenized markets, according to a report published by NewsBTC.

The disclosure adds to growing scrutiny of AI agent reliability as automated systems take on more sensitive tasks. OpenAI has disclosed dozens of incidents tied to its AI agent products, according to a report from CryptoBriefing. One of the disclosed incidents involved a leak of 53 user images.

Validators executed a chain-level intervention to move funds without the wallet owner's signature. Validators on the Cosmos Hub executed a network restart that relocated 1.23 million ATOM away from a wallet linked to an exploit on Neutron. The transfer occurred without the customary cryptographic signature from the wallet’s owner.

New guidance permits onchain recordkeeping as Congress stalls on crypto market structure legislation The Commodity Futures Trading Commission has updated its rules to let futures brokers invest customer funds in tokenized assets. The change was issued through staff guidance rather than a formal rulemaking.

The ARK Venture Fund, known as ARKVX, now exists in tokenized form, giving blockchain-based exposure to holdings that include OpenAI and Anthropic stakes. ARK Invest has moved its flagship venture fund onto Ethereum, tokenizing the roughly $1.3 billion vehicle through a partnership with Securitize.