Basis Desk Daily Brief

The CFTC proposed a voluntary federal oversight framework for crypto exchanges, while Bitmine expanded its Ethereum reserves to 4.9% of the circulating supply and the Sepolia testnet prepared for the Glamsterdam upgrade.

Smart account protocol Safe reports $10 million in annualized revenue as institutional adoption expands, while S&P Global Ratings debuts a risk assessment framework for the $10 billion onchain lending market.

The Federal Reserve hiked interest rates by 25 basis points amid persistent inflation, while Nasdaq deepened its push into tokenized equities with a $100 million investment in Kraken's parent company.

The US Treasury has targeted a multi-billion-dollar shadow banking network utilizing a ruble-backed stablecoin, while the SEC and Ripple have agreed to dismiss their appeals to finalize a $125 million penalty.

The SEC has proposed a modernized crypto custody framework for investment advisers while granting conditional regulatory relief for onchain tokenized stock trading, as global regulators target stablecoins and decentralized finance.

The crypto market faces security and regulatory pressure as Bitget suffers a massive $351.6 million exploit, Stripe integrates a fee-free stablecoin, and European regulators propose sweeping updates to the MiCA framework.

The SEC has streamlined the launch process for digital asset exchange-traded products, while Bitwise debuts the first US spot NEAR fund and Robinhood rolls out leveraged crypto perpetuals and AI trading agents.

Corporate ether accumulation reaches historic levels while US regulators approve a new stablecoin-clearing model for derivatives.

The UK Financial Conduct Authority is preparing to open its regulatory authorization gateway for crypto firms on Sept. 30, 2026, while executing coordinated enforcement actions against unregistered peer-to-peer traders in London.

The UK Financial Conduct Authority is tightening its grip on digital assets, cracking down on unregistered peer-to-peer traders in London while finalizing its formal licensing gateway and tokenization roadmap.