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šŸ’„Proposed Basel crypto rules make DLT unattractive says GFMA, IIF, ISDAšŸ’„
October 04, 2022
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At the end of June, theBasel Committee on Banking Supervisionpublished a revised proposal on thecapital requirements for crypto assetrisk exposures, including tokenized securities. Today eleven trade bodiespublishedcomments on the proposals and are not happy.

The bodies include the Global Financial Markets Association (GFMA), the International Swaps and Derivatives Association (ISDA), and the Institute of International Finance (IIF).

Two issues are particularly problematic.

A tax on tokenized traditional assets

The first is for tokenized traditional assets with a proposed 2.5% risk-weighted asset (RWA) increase. It’s argued that it could make engaging with DLT infrastructures unattractive. That’s because one of the objectives of adopting blockchain infrastructures is to reduce RWA restraints and the upfront costs of investment in DLT.

A couple of people have described the 2.5% to Ledger Insights as a ā€œDLT taxā€. The associations have requested that this be removed.

In March 2023, the EU is launching a regulatory sandbox, theDLT Pilot regime, and theUK is planningsomething similar.

The commentary letter states that the Basel proposals ā€œcould derail the market and associated regulatory innovation via the introduction of regulatory sandboxes in a few jurisdictions starting in Q1 2023, whereby banks would need to justify additional capital requirements that would result from participation.ā€

It’s argued that any risks relating to new technology are already covered by the existing prudential framework and risk management systems.

The Cryptocurrency cap

The second issue relates to the total exposure figure for cryptocurrencies other than stablecoins. The Basel Committee’s latest proposal set a limit of 1% gross of Tier 1 capital. In other words, if a bank has hedged all its positions, then both the position and the hedge would count towards the 1%. Instead, the group proposes a 5% net position.

While these are the two biggest issues, several others are raised in the letter. For example, clarification is requested regarding crypto-asset custody.

Blocking banks from crypto custody?

The Basel Committee proposal has this clause (60.4) relating to custody: ā€œFor the purposes of this chapter, the term ā€œexposureā€ includes on- or off-balance sheet amounts that give rise to credit, market, operational and liquidity risks. It includes activities, such as nonfiduciary custodial services, that may only give rise to operational risk.ā€

As additional context, theU.S. SEC published guidancerequesting custodians to put all assets underpinned by DLT on their balance sheet because of technology risk. Typically custodied assets do not appear on the balance sheet because they belong to the client.Banks would not provide custodyof crypto-assets if they have to go on the balance sheet.

The Associations are asking for clarification because if the clause is intepreted negatively, it ā€œrisks the creation of an untenable framework for custody of cryptoassets by banks, thereby preventing banks that currently engage in custody activities for traditional assets from extending their custody services to cryptoassets.ā€

Agroup commentary letterfollowing the first round of consultations appear to influence the second proposal. For example, hedging was previously entirely ignored. While it is not included in the cap figure, it is taken into account elsewhere.

Meanwhile, as of the end of 2021, the exposure of banks to crypto-assets was miniscule. But this year there’s some momentum.

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September 01, 2025
PYTH NETWORK: The pursuit of transparency šŸ¦…
00:00:09
September 01, 2025
True StoryšŸ˜‰

RLUSD adoption will increase demand for XRP. On-Demand Liquidity allows XRP to move large tokenized assets efficiently, bridging digital and traditional finance and supporting global liquidity.

Ever notice how TV shows drop subliminal messages that reveal the story without telling you? The same thing is happening in finance. RLUSD is quietly stepping in to buy US bonds and absorb debt. XRP handles the settlements. Connect the dots, this is the blueprint for global liquidity.

OP: Blackswancapitalist

00:02:25
September 01, 2025
šŸš€ USDC & CCTP V2 SET TO LAUNCH ON XDC NETWORK šŸš€

Circle’s USDC and CCTP V2 are officially launching soon on the XDC Network, marking a major leap forward in digital settlement, trade finance, and asset tokenization. This integration positions XDC as a global leader—bridging the gap between blockchain and traditional financial infrastructure.

šŸ”‘ Key Drivers Behind USDC + CCTP V2 Integration with XDC

  • Trusted, Fully-Reserved Stablecoin: USDC, with over $68B+ in market capitalization, arrives on XDC as a fully-regulated and reserved digital dollar, unlocking fast, low-cost settlement for DeFi, institutional payments, and real-world asset (RWA) trading.

  • Cross-Chain Liquidity & Capital Efficiency: Circle’s Cross-Chain Transfer Protocol V2 (CCTP V2) enables native USDC transfers across supported blockchains—using burn-and-mint mechanisms for seamless movement, no reliance on bridges or wrapped tokens, and full capital efficiency.

  • Scalable & Secure Infrastructure: The XDC Network features near-instant transaction ...

00:00:14
šŸ‘‰ Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? šŸ”œ

The future of Crypto x AI is about to go crazy.

šŸ‘‰ Here’s what you need to know:

šŸ’  'Based Agent' enables creation of custom AI agents
šŸ’  Users set up personalized agents in < 3 minutes
šŸ’  Equipped w/ crypto wallet and on-chain functions
šŸ’  Capable of completing trades, swaps, and staking
šŸ’  Integrates with Coinbase’s SDK, OpenAI, & Replit

šŸ‘‰ What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto šŸ‘‰txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

šŸ‘‰ Coinbase just launched an AI agent for Crypto Trading
Theta Edgecloud šŸš€

(((What EdgeCloud Actually Offers)))

Distributed GPU Network

Thousands of small GPU nodes worldwide.

Businesses don’t need to own or rent giant data center GPUs; they can tap into the network on-demand.

Pay-as-you-go AI compute

Instead of renting a full GPU for a month, you can run inference workloads by the minute or per-token.

Lower barrier to entry for small devs or startups.

Scalability

If a company suddenly needs 10,000 GPUs worth of compute (AI video transcoding, bulk inference, live streaming tasks), EdgeCloud can provision across its decentralized network.

This would be impossible or prohibitively expensive to build in-house.

Specialized workloads

Theta is targeting video, streaming, and real-time AI (things like live video captioning, AI-generated avatars, NFT DRM, etc.).

Use cases where edge-location compute (close to end users) reduces latency.

(((Do businesses need it?)))

Yes, for certain cases:

A streaming platform that needs AI-powered real-time video enhancement.

A gaming or metaverse project requiring low-latency AI NPCs or avatars.

An enterprise needing burst access to GPUs without managing their own...

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Guess what's coming next... šŸ˜‰

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An updated version of the XRPL AMM paper was released in August to include simulation data.

The simulations confirm the L1 AMM produces better price alignment and lower slippage, offering arbitrageurs greater efficiency under market conditions.

OP: @Wkahneman

Ref: https://arxiv.org/pdf/2312.13749

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The Great Onboarding: US Government Anchors Global Economy into Web3 via Pyth Network

For years, the crypto world speculated that the next major cycle would be driven by institutional adoption, with Wall Street finally legitimizing Bitcoin through vehicles like ETFs. While that prediction has indeed materialized, a recent development signifies a far more profound integration of Web3 into the global economic fabric, moving beyond mere financial products to the very infrastructure of data itself. The U.S. government has taken a monumental step, cementing Web3's role as a foundational layer for modern data distribution. This door, once opened, is poised to remain so indefinitely.

The U.S. Department of Commerce has officially partnered with leading blockchain oracle providers, Pyth Network and Chainlink, to distribute critical official economic data directly on-chain. This initiative marks a historic shift, bringing immutable, transparent, and auditable data from the federal government itself onto decentralized networks. This is not just a technological upgrade; it's a strategic move to enhance data accuracy, transparency, and accessibility for a global audience.

Specifically, Pyth Network has been selected to publish Gross Domestic Product (GDP) data, starting with quarterly releases going back five years, with plans to expand to a broader range of economic datasets. Chainlink, the other key partner, will provide data feeds from the Bureau of Economic Analysis (BEA), including Real Gross Domestic Product (GDP) and the Personal Consumption Expenditures (PCE) Price Index. This crucial economic information will be made available across a multitude of blockchain networks, including major ecosystems like Ethereum, Avalanche, Base, Bitcoin, Solana, Tron, Stellar, Arbitrum One, Polygon PoS, and Optimism.

This development is closer to science fiction than traditional finance. The same oracle network, Pyth, that secures data for over 350 decentralized applications (dApps) across more than 50 blockchains, processing over $2.5 trillion in total trading volume through its oracles, is now the system of record for the United States' core economic indicators. Pyth's extensive infrastructure, spanning over 107 blockchains and supporting more than 600 applications, positions it as a trusted source for on-chain data. This is not about speculative assets; it's about leveraging proven, robust technology for critical public services.

The significance of this collaboration cannot be overstated. By bringing official statistics on-chain, the U.S. government is embracing cryptographic verifiability and immutable publication, setting a new precedent for how governments interact with decentralized technology. This initiative aligns with broader transparency goals and is supported by Secretary of Commerce Howard Lutnick, positioning the U.S. as a world leader in finance and blockchain innovation. The decision by a federal entity to trust decentralized oracles with sensitive economic data underscores the growing institutional confidence in these networks.

This is the cycle of the great onboarding. The distinction between "Web2" and "Web3" is rapidly becoming obsolete. When government data, institutional flows, and grassroots builders all operate on the same decentralized rails, we are simply talking about the internet—a new iteration, yes, but the internet nonetheless: an immutable internet where data is not only published but also verified and distributed in real-time.

Pyth Network stands as tangible proof that this technology serves a vital purpose. It demonstrates that the industry has moved beyond abstract "crypto tech" to offering solutions that address real-world needs and are now actively sought after and understood by traditional entities. Most importantly, it proves that Web3 is no longer seeking permission; it has received the highest validation a system can receive—the trust of governments and markets alike.

This is not merely a fleeting trend; it's a crowning moment in global adoption. The U.S. government has just validated what many in the Web3 space have been building towards for years: that Web3 is not a sideshow, but a foundational layer for the future. The current cycle will be remembered as the moment the world definitively crossed this threshold, marking the last great opportunity to truly say, "we were early."

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If you find value in my content, consider showing your support via:

šŸ’³ PayPal:Ā 
1) Simply scan the QR code below šŸ“²
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šŸ”— Crypto DonationsšŸ‘‡
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

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US Dept of Commerce to publish GDP data on blockchain

On Tuesday during a televised White House cabinet meeting, Commerce Secretary Howard Lutnick announced the intention to publish GDP statistics on blockchains. Today Chainlink and Pyth said they were selected as the decentralized oracles to distribute the data.

Lutnick said, ā€œThe Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto President. And we are going to put out GDP on the blockchain, so people can use the blockchain for data distribution. And then we’re going to make that available to the entire government. So, all of you can do it. We’re just ironing out all the details.ā€

The data includes Real GDP and the PCE Price Index,Ā which reflects changes in the prices of domestic consumer goods and services. The statistics are released monthly and quarterly. The biggest initial use will likely be by on-chain prediction markets. But as more data comes online, such as broader inflation data or interest rates from the Federal Reserve, it could be used to automate various financial instruments. Apart from using the data in smart contracts, sources of tamperproof data šŸ‘‰will become increasingly important for generative AI.

While it would be possible to procure the data from third parties, it is always ideal to get it from the source to ensure its accuracy. Getting data directly from government sources makes it tamperproof, provided the original data feed has not been manipulated before it reaches the oracle.

Source

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If you find value in my content, consider showing your support via:

šŸ’³ PayPal:Ā 
1) Simply scan the QR code below šŸ“²
2) or visit https://www.paypal.me/thedinarian

šŸ”— Crypto
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

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List Of Cardano Wallets

Well-known and actively maintained wallets supporting the Cardano Blockchain areĀ Eternl,Ā Typhon,Ā Vespr,Ā Yoroi,Ā Lace,Ā ADAlite,Ā NuFi,Ā Daedalus,Ā Gero,Ā LodeWallet,Ā Coin Wallet,Ā ADAWallet,Ā Atomic,Ā Gem Wallet,Ā TrustĀ andĀ Exodus.

Note that in case of issues, usually only queries relating to official wallets can be answered in Cardano groups across telegram/forum. You may need to consult with specific wallet support teams for third party wallets.

Tips

  • Its is important to ensure that you're in sole control of your wallet keys, and that the keys used can be restored via alternate wallet providers if a particular one is non-functional. Hence, put extra attention toĀ Non-CustodialĀ andĀ CompatibilityĀ fields.
  • The score column below is strictly a count of checks against each feature listed, the impact of specific feature (and thus, score) is up to reader's descretion.
  • The table represents current state on mainnet network, any future roadmap activities are out-of-scope.
  • Info on individual fields can be found towards the end of the page.
  • Any field that shows partial support (eg: open-source field) does not score the point for that field.

Brief info on fields above

  • Non-Custodial: are wallets where payment as well as stake keys are not shared/reused by wallet provider, and funds can be transparently verified on explorer
  • Compatibility: If the wallet mnemonics/keys can easily (for non-technical user) be used outside of specific wallet provider in major other wallets
  • Stake Control: Freedom to elect stake pool for user to delegate to (in user-friendly way)
  • Transparent Support: Easy approachability of a public interactive - eg: discord/telegram - group (with non-anonymous users) who can help out with support. Twitter/Email supports do not count for a check
  • Voting: Ability to participate in Catalyst voting process
  • Hardware Wallet: Integration with atleast Ledger Nano device
  • Native Assets: Ability to view native assets that belong to wallet
  • dApp Integration: Ability to interact with dApps
  • Stability: represents whether there have been large number of users reporting missing tokens/balance due to wallet backend being out of sync
  • Testnets Support: Ability to easily (for end-user) open wallets in atleast one of the cardano testnet networks
  • Custom Backend Support: Ability to elect a custom backend URL for selecting alternate way to submit transactions transactions created on client machines
  • Single/Multi Address Mode: Ability to use/import Single as well as Multiple Address modes for a wallet
  • Mobile App: Availability on atleast one of the popular mobile platforms
  • Desktop (app,extension,web): Ways to open wallet app on desktop PCs
  • Open Source: Whether the complete wallet (all components) are open source and can be run independently.

Source

šŸ™ Donations Accepted šŸ™

If you find value in my content, consider showing your support via:

šŸ’³ PayPal:Ā 
1) Simply scan the QR code below šŸ“²
2) or visit https://www.paypal.me/thedinarian

šŸ”— Crypto
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

Ā 

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