Congress Gets the Runaround From Regulators, Again

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Blockchain Developer Lattice Unveils ‘Alternative Data Availability’ Network for Optimism

Redstone is operating in testnet, and aims to be cost-effective for on-chain games and decentralized applications.Source

Monetary Authority of Singapore Starts Tokenization Pilots Alongside Financial Services Heavyweights

The test will explore bilateral digital asset trades, foreign currency payments, multicurrency clearing and settlement, fund management and automated portfolio rebalancing.Source

Standard Chartered Investment Arm Launches Tokenization Platform

Libeara will enable the creation of a tokenized Singapore dollar government bond fund.Source

Bitcoin’s Options Market Has Overtaken Its Futures Market in a Sign of Growing Sophistication

The notional open interest in the global BTC options market stood at $17.5 billion at press time, while open interest in the futures market was $15.84 billion.Source

U.S. CBDC Is Unlikely in the Near Term: Bank of America

The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said.Source

Crypto Futures Funding Rates Normalize After Bitcoin Drops to $35.6K

Large movements in spot markets led to open interest surging to $35 billion over the weekend, indicating highly leveraged bets from traders hoping for even higher prices.Source

Crypto Giant OKX Goes Live With Off-Exchange Derivatives Trading

Asset manager CoinShares along with crypto custody joint venture Komainu are aiming for TradFi standards in derivatives settlement with much reduced counterparty risk.Source

Crypto Market Sees Net Capital Inflow for First Time in 17 Months

The 90 day net change in the supply of the top four stablecoins has flipped positive, indicating an inflow of capital into the market.Source

Blockchain.com Closes $110M Raise: Bloomberg

The exchange’s valuation in the $110 million round was less than half of its previous $14 billion valuation, according to the report.Source