Grayscale’s spot crypto ETFs bring regulated staking yields to mainstream investors, merging crypto rewards with traditional Wall Street exposure. Grayscale has bridged traditional finance and decentralized crypto by launching the first publicly traded staking investment vehicle. Its staking-enabled ETPs allow investors to earn blockchain rewards without running validator nodes or managing complex technical and custody risks. Grayscale’s Ether and Solana ETPs are the first in the US to combine spot crypto exposure with staking rewards, paying yields through the fund’s NAV or direct payouts. Read more
Bitcoin retested support levels under $110,000 as data showed smaller investors buying and whales cooling their extended BTC sell-off. Key points: Bitcoin finally sees investors who are willing to “buy the dip” at prices around $110,000. Multiple support retests continue to grab trader attention. Read more
Fetch.ai CEO Humayun Sheikh accused Ocean Protocol of mishandling ASI tokens, pledging to fund class-action suits to “expose the truth.” A feud between Fetch.ai CEO Humayun Sheikh and the Ocean Protocol Foundation has escalated into legal threats, onchain accusations, and a reaction from Binance, all centering on about 286 million Fetch.ai (FET) tokens worth roughly $84 million. The conflict stems from the Artificial Superintelligence (ASI) Alliance, a 2024 merger that combined AI-focused crypto projects Fetch.ai, Ocean Protocol and SingularityNET under a shared token framework. On Wednesday, Sheikh alleged that Ocean Protocol minted and transferred millions of OCEAN tokens before the merger. He said the project later converted them into FET and moved large sums to centralized exchanges and market-making firms without proper disclosure. Read more
Babylon Labs says it has built a system using BitVM3 that allows native Bitcoin to be used as trustless collateral for borrowing on Ethereum, but its trustless design raises questions. A co-founder of Bitcoin infrastructure company, Babylon Labs, claims to have built a system that allows for native Bitcoin to be used as trustless collateral to borrow on the Ethereum blockchain. In a Wednesday X post, Babylon Labs co-founder and Stanford University professor David Tse claimed Babylon built a proof-of-concept allowing for native Bitcoin (BTC) “to be used trustlessly as collateral to borrow on Ethereum for the first time.” The comments follow Babylon’s release of a white paper in early August, outlining what it calls a Bitcoin trustless vault system. The system leverages the Bitcoin smart contract verification system BitVM3 to lock BTC in per-user vaults, where withdrawals (redemption or liquidation) are gated by cryptographic proofs of external smart contract state verified on Bitcoin. Read more
Targeting the first tokenized IPO launch in the first quarter of 2026, France’s Lightning Stock Exchange aims to become a fully tokenized equity exchange in Europe. Lightning Stock Exchange (Lise), a new stock exchange headquartered in France, is entering the market with bold ambitions to launch a fully tokenized equity exchange dedicated to small and medium-sized enterprises (SMEs). France’s Prudential Supervision and Resolution Authority (ACPR) has issued Lise a DLT trading and settlement (TSS) license, paving the way for its tokenized equity exchange in Europe, the company announced on Thursday. “This approval authorizes us to operate the first tokenized stock exchange dedicated to equities in Europe,” Lise managing director Mark Kepeneghian said in a statement on LinkedIn. Read more
California’s new law states that abandoned Bitcoin can’t be immediately sold by the state, which may ease recovery and lower burdens on exchanges. Over the weekend, California Governor Gavin Newsom signed a bill into law that preserves abandoned Bitcoin (BTC) holdings — a step forward that could provide legal clarity for custodians and crypto holders. The bill was an update to unclaimed property law (UPL) and contained one key provision: Abandoned Bitcoin or crypto holdings that are transferred to the state must be maintained in their original format (not sold for cash) for a certain amount of time. States with similar laws require that crypto be liquidated into cash immediately. This can create difficulties for recovering lost property and also creates administrative burdens for exchanges and crypto custodians. Read more
As $83 trillion passes to digital-native generations, wealth managers must embrace tokenization or watch capital find partners who will. Opinion by: Anthony Agoshkov, co-founder of Marvel Capital The world is witnessing the largest wealth handoff in modern history. Over the next 20 years, Millennials and Gen Z will inherit around $83 trillion, and some bullish forecasts suggest as much as $4 trillion of that could be tokenized onchain by 2030. Read more
High value DeFi projects like Synthetix and Aave are making Ethereum L1 great again, as Ronin, Celo and Phala switch chains to become L2s. In recent months, a raft of alt-L1s joined Ethereum to become L2s, even as other projects on L2s switch back to the Ethereum mainnet. The Ethereum L1 is reasserting its claim to be the home of high-value DeFi it has seven times more TVL than its nearest rival while the L2 model offers millions in potential savings, along with network effects for alt-L1s that join the ecosystem. Back in March, when bearishness around the extractive L2 roadmap was at its peak, mobile payments network Celo quietly closed down its validator network to become an L2. Now, its saving almost $7 million a year in operating costs. In August, blockchain gaming L1 Ronin announced it was coming home to Ethereum in early 2026, five years after network congestion forced its popular game Axie Infinity off mainnet. Ethereum has largely delivered on the scaling roadmap, says Jeffrey “Jiho” Zirlin, co-founde...
High value DeFi projects like Synthetix and Aave are making Ethereum L1 great again, as Ronin, Celo and Phala switch chains to become L2s. In recent months, a raft of alt-L1s joined Ethereum to become L2s, even as other projects on L2s switch back to the Ethereum mainnet. The Ethereum L1 is reasserting its claim to be the home of high-value DeFi it has seven times more TVL than its nearest rival while the L2 model offers millions in potential savings, along with network effects for alt-L1s that join the ecosystem. Back in March, when bearishness around the extractive L2 roadmap was at its peak, mobile payments network Celo quietly closed down its validator network to become an L2. Now, its saving almost $7 million a year in operating costs. In August, blockchain gaming L1 Ronin announced it was coming home to Ethereum in early 2026, five years after network congestion forced its popular game Axie Infinity off mainnet. Ethereum has largely delivered on the scaling roadmap, says Jeffrey “Jiho” Zirlin, co-founde...