Industry watchers welcomed the idea of “skinny” master accounts as another sign of the end of crypto’s banking troubles, in what insiders describe as “Operation Chokepoint 2.0.” The US Federal Reserve is considering the introduction of a new type of payment account that would make it easier for smaller companies to participate in the central bank’s payment system, signaling the end of the crypto industry’s banking access challenges. The newly floated “payment accounts” would seek to grant full access to fintech companies seeking to utilize the Fed's payment services, which are currently reserved for large banks and financial institutions through the Fed's “master accounts." “I believe we can and should do more to support those actively transforming the payment system,” said Fed Governor Christopher J. Waller during his speech at the Payments Innovation Conference on Tuesday, adding: Read more
As the New York mayor’s race draws to a culmination, Andrew Cuomo has developed a crypto and AI strategy for the city. Former New York Governor Andrew Cuomo lags far behind Democratic frontrunner Zohran Mamdani despite unveiling his proposal to make the city a crypto hub. Cuomo’s plan, announced on Sunday, would create a new office that would be responsible for attracting emerging tech companies, including cryptocurrencies and blockchain. The move follows similar initiatives from outgoing Mayor Eric Adams, which have yielded mixed results so far. The mayor’s office reported that many crypto startups have appeared in New York, while existing crypto businesses have not seen much change. Some have noted that the mayor’s office generally has little influence over how or whether the crypto industry develops. Read more
California’s SB 822 ends forced crypto sell-offs and requires holders to send in-kind transfers of unclaimed crypto to the state, promoting stronger consumer rights. California’s Senate Bill 822 (SB 822), signed into law by Governor Gavin Newsom in October 2025, makes California the first US state to protect unclaimed crypto assets from forced liquidation. Treating digital assets similarly to bank accounts and securities, SB 822 requires unclaimed cryptocurrencies to be transferred in their native form rather than immediately liquidated. This helps prevent forced liquidation of assets like Bitcoin (BTC) or Ether (ETH), which could otherwise trigger taxable events for holders without their consent. Read more
Bitcoin returned to $110,000 after bouncing at the weekend's CME futures gap, contrasting with 5.5% daily losses and a potential double top for gold. Key points: Bitcoin stays volatile into the Wall Street open with $110,000 making a reappearance. Liquidity conditions thicken around price as the 21-week moving average now important to reclaim. Read more
BTE offers epochless, constant-size decryption shares (as small as 48 bytes) that can help layer-2 rollups to achieve pending transaction privacy. Batched Threshold Encryption (BTE) builds on foundational concepts such as threshold cryptography, which enable secure collaboration among multiple parties without exposing sensitive data to any single participant. BTE is an evolution of the earliest TE-encrypted mempool schemes, such as Shutter, which we have covered previously. For now, all existing work on BTE remains at the prototype or research stage, but it could shape the future of decentralized ledgers if successful. This creates a clear opportunity for more research and potential adoption, which we will explore in this article. On most modern blockchains, transaction data is publicly viewable in the mempool before it is sequenced, executed and confirmed in a block. This transparency creates avenues for sophisticated parties to engage in extractive practices known as Maximal Extractable Value (MEV). MEV ex...