Tokenized Stocks Update:
Binance’s bStocks has overtaken Kraken’s xStocks to become the second largest tokenized stock issuer, reaching about $610.6M in value.
Ondo Finance remains the leader, while the tracked market has grown to roughly $2.7B
https://cointelegraph.com/news/binance-bstocks-second-largest-tokenized-stock-issuer
DeFi Debate:
Andre Cronje argues that most DeFi has evolved into “onchain finance” with companies handling decisions, risk management and curation instead of fully decentralized, immutable protocols.
He says true DeFi now survives only in small niches.
https://cointelegraph.com/news/defi-doesnt-exist-onchain-finance-andre-cronje
Trezor Security Alert:
A breach at shipping provider ShipMonk exposed data from about 13,689 customers, including names, emails, phone numbers and some addresses.
Trezor says its systems, devices, private keys and funds remain secure, but affected users should expect sophisticated phishing attempts.
https://cointelegraph.com/news/trezor-customer-data-shipping-provider-shipmonk
U.S. Banking Update:
The Blockchain Association is backing Custodia Bank’s petition asking the Supreme Court to review the Fed’s denial of its master account application.
The case could determine whether the Fed can deny eligible state chartered crypto banks direct access to its payment system.
U.S. Crypto Regulation:
The CFTC will hold its first Innovation Advisory Committee meeting on August 20 to discuss crypto assets, AI and prediction markets.
The move follows the SEC’s planned rulemaking talks as Congress remains stalled on the CLARITY Act though no immediate policy change is expected.
https://cointelegraph.com/news/cftc-exploring-crypto-regulations-clarity-act
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