🗞️ Need to catch up on the news? Here's our top 10 from today:
🔸 Bitget CEO Gracy Chen says North Korean hackers may be behind the exchange's $352M breach, citing IP addresses linked to VPNs used by a DPRK group.
🔹 US and Iran are reportedly exploring a phased deal to reopen the Strait of Hormuz in exchange for lifting the blockade on Iranian ports, Bloomberg reports.
🔸 CFTC updates its crypto guidance to let registered firms invest customer funds in tokenized assets and use blockchain for recordkeeping, just days after the Senate's failed CLARITY Act vote.
🔹 The US 10-year Treasury yield hit 5.18%, its highest since July 2007.
🔸 Defense Secretary Pete Hegseth disclosed at least $3.1 million in cash and investments, including Bitcoin worth between $16,000 and $65,000.
🔹 Bitget confirmed unauthorized transfers from some of its hot wallets affecting approximately $351.6 million in assets and has temporarily suspended withdrawals.
🔸 The Fed is seeking public comment on GENIUS Act proposals covering stablecoin reserves, capital requirements and the approval process for Board-supervised issuers.
🔹 SEC Commissioner Hester Peirce says zero-knowledge proofs could verify compliance without collecting users’ personal data. She warns current KYC/AML practices create “data haystacks.”
🔸 Ondo and BlackRock partner to bring tokenized “Intelligent Portfolios” onchain, per WSJ.
🔹 IBM is connecting its digital asset platform to Swift’s blockchain ledger, letting banks move tokenized deposits 24/7.