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Fragmented stablecoin payment rails facing a unified tokenised-bank-deposit settlement system anchored by a central institution.
Featured Analysis
RegulationSources: Bank for International Settlements + Wyoming Stable Token Commission + Federal Reserve Board staff

BIS Says Tokenised Deposits Should Carry Everyday Payments

The BIS has argued that tokenised bank deposits should carry most everyday and wholesale payments, leaving stablecoins in narrower roles. Project Agorá's real-value tests make that more than a theoretical preference—but not yet a production system.

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An HMRC tax-data ledger showing a narrow group of crypto gain reports concentrated above a much broader field of smaller filings.
Regulation · UK crypto tax data

HMRC’s First Crypto Tax Data: 1.4% Reported Half The Gains

HMRC’s first dedicated cryptoasset Capital Gains Tax table records £13.799 billion of disposal proceeds and £1.377 billion of gains. Our analysis finds that 240 people—about 1.4% of those included—reported 52% of the gains captured in the table.

Sources: HM Revenue & Customs · HM Revenue & Customs · HM Revenue & Customs · HM Revenue & Customs · HM Revenue & Customs · HM Revenue & Customs · HM Revenue & Customs · HM Revenue & Customs · HM Revenue & Customs · HM Revenue & Customs

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A secured digital-vault array closing beneath fractured governance controls while one withdrawal route remains illuminated.
Security · DeFi security

Term Labs Shuts Meta Vaults After Exploit

Term Labs says a governance exploit affected its vaults. It has since shut every Term Meta Vault, revoked DAO governance roles and stopped new deposits while keeping withdrawals open.

Sources: Term Labs · Term Labs

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A bank trading interface connected to secure institutional digital-asset trading and custody infrastructure.
Business · Banking infrastructure

Bank Leumi and Galaxy target early 2027 for in-app crypto trading

Bank Leumi and Galaxy have announced a partnership intended to let Leumi and PEPPER customers buy, hold and sell bitcoin, ether and solana inside Leumi Trade. The companies expect availability in early 2027, but the reviewed primary sources do not show a live customer service or announce a product-specific regulatory approval.

Sources: Galaxy Digital · Bank Leumi · Bank Leumi · CoinDesk

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A corporate ether treasury moving through institutional custody into layered liquid-staking infrastructure.
Ethereum · Corporate treasury

Sharplink's planned $200 million Lido allocation adds a new layer of treasury risk

Sharplink says it will stake $200 million of ether through Lido and hold the resulting wstETH with Anchorage Digital. The plan could add staking rewards and DeFi flexibility, but it also adds protocol, liquidity, custody and execution dependencies that ordinary ETH ownership does not carry in the same form.

Sources: Sharplink, Inc. · Lido Docs · Lido Docs · Decrypt

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An empty regulatory meeting chair beside a closed agenda and an illuminated pause barrier.
Regulation · Regulatory process

SEC cancels crypto offering-rule meeting without setting a new date

The U.S. Securities and Exchange Commission cancelled an open meeting that was due to consider whether to propose a tailored offering regime for certain crypto investment contracts. The official notice gave no reason and announced no replacement date.

Sources: U.S. Securities and Exchange Commission · U.S. Securities and Exchange Commission · U.S. Securities and Exchange Commission · U.S. Securities and Exchange Commission · Decrypt

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Digital-asset holdings balanced against a liquid cash reserve inside an institutional vault.
Bitcoin · Treasury strategy

Strategy’s bitcoin-only playbook meets a cash reality

After selling 1,690 BTC and raising $653 million in stock, the world’s largest corporate bitcoin holder says its multibillion-dollar cash reserve is what shorter-term credit investors actually want.

Sources: CoinDesk · U.S. Securities and Exchange Commission

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