Coinbase secures final OCC approval for national trust bank charter
Coinbase has secured final approval from the U.S. Office of the Comptroller of the Currency (OCC) for its national trust bank charter, following conditional approval in April. The charter will enable the company to expand its crypto custody and payment services, as well as potentially issue or administer stablecoins. However, it does not permit Coinbase to accept traditional deposits or provide loans like a conventional commercial bank.
#Bittensor has introduced a quantum-resistant wallet featuring post-quantum signature support and optional automatic key rotation. The wallet is compatible with both coldkeys and hotkeys, enabling $TAO transfers, staking, and validator weight configuration. Bittensor’s quantum-resistant wallets support three post-quantum signature options: ML-DSA-65, Falcon-512, and Falcon-1024. ML-DSA-65 is standardized by the US National Institute of Standards and Technology (NIST).
The optional key-rotation feature replaces the signing key after each user-authorized on-chain transaction, disabling the old key while preserving the account address, balance, and staking. The recovery phrase remains unchanged. Rotation requires registration and a one-time, permanent lock of 0.2 $TAO , while wallets without the feature enabled require no registration.
#Zcash announced that its major NU7 upgrade has gone live on mainnet at block height 3,543,405. The upgrade cuts the target block time from 75 seconds to 25 seconds, while reducing block subsidies proportionally to keep the rate of new $ZEC issuance largely unchanged. The halving interval is also tripled in block terms, maintaining the existing halving schedule and the 21 million $ZEC supply cap.
NU7 also introduces the Network Sustainability Mechanism, which allocates 60% of transaction fees from each block to a public reserve, leaving miners with the remaining 40%. The accumulated fees will be gradually reintroduced through block rewards starting at block 8,939,664, expected in 2031.
#Tether has partnered with #RedStone , an on-chain financial data infrastructure provider, to enhance pricing, settlement, and liquidity infrastructure for assets tokenized through #Hadron by Tether. The partnership provides Hadron issuers with access to RedStone’s price and NAV feeds, alongside RedStone Settle, supporting on-chain asset valuation and same-day (T+0) settlement for eligible tokenized assets.
Organizations continue to expand their Ethereum holdings, solidifying cryptocurrency's role in traditional financial markets. Total strategic $ETH reserve holding by these organizations now amounts to 8.13M $ETH ($19.62B), representing 6.66% of the total token supply. As the market matures, these holdings underscore the evolving relationship between traditional institutions and digital assets.
Zilliqa announces transition to an Ethereum Layer 2 for regulated institutions
#Zilliqa announced that its standalone #Layer1 strategy had fallen short, citing insufficient network usage, declining funding and liquidity for independent L1s, and recent security breaches highlighting the risks of operating a network alone. The project is transitioning into Zilliqa Institutional Layer, an #Ethereum #Layer2 designed for regulated institutions, offering Ethereum-secured settlement, on-chain identity and compliance through vLEI, and a permissioned marketplace initially targeting verified institutions, with plans to later expand access to individuals and agents.
$ZIL holders are not required to take any action at this stage. Technical details will be shared before any changes take place, and all claims, swaps, or migration updates will be announced first on Zilliqa’s official website.
#SoterInsure secures funds in a Series B round led by Galaxy, with participation from SC Ventures, SBI Group, Token Bay Capital, Coinbase Ventures, Franklin Templeton, and Brevan Howard Digital. Soter will use the funding to expand insurance capacity, strengthen underwriting and technology, and grow its presence in Asia-Pacific, Europe, and the US.
Soter Insure is a specialized insurance and risk-management provider built natively for the digital asset, blockchain, and #Web3 economy.
Sequoia Capital raises approximately $10B in new funds while restructuring the firm
#SequoiaCapital has raised approximately $10B in new funds while restructuring its operations by merging its early-stage and growth teams, closing its London office, and discontinuing its Arc accelerator and Scouts programs. The announcement follows Sequoia’s generational transition last year, with the firm now prioritizing selective, high-conviction investments and leaner teams to concentrate resources on fewer people and initiatives.
Sequoia’s strategy emphasizes investment quality over scale, aiming to maximize returns for limited partners and support founders throughout their journey from idea to IPO and beyond.
👉 x.com/sequoia/status/2117961312143855764
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