SEC targets SYQH and LZGI over years of missing filings
The SEC initiated administrative proceedings against SYQH and LZGI for failing to file required periodic reports, potentially suspending or revoking their securities registrations.
Marcus Feld is CoinScoop's DeFi and on-chain analyst. He digs into L2 activity, stablecoin flows and protocol revenue, translating raw chain data into plain-English calls.
The SEC initiated administrative proceedings against SYQH and LZGI for failing to file required periodic reports, potentially suspending or revoking their securities registrations.
A forum post on the Arbitrum Foundation Forum highlights that valuing native tokens at market price for DAO runway calculations creates a liquidity illusion, with actual runway potentially 80% lower.
LlamaRisk proposes Aave stablecoin rate-model changes, including a 100-basis-point increase to USDe's base rate and a 20-basis-point increase to Slope1 for other stablecoins.
The CFTC issued a no-action letter for Electron Exchange's large trader reporting and finalized changes to mandatory clearing for CAD and MXN interest rate swaps.
Optimism proposes governance changes for five OP chains, shifting Unichain to Optimism's standard control model and returning Mode, Metal, Zora, and Dust to Conduit's management.
The SEC's proposed overhaul of transfer agent rules, dating to the 1970s, raises questions about onchain records, wallet identifiers, and compliance for digital securities.
Binance has launched physically settled options contracts on U.S.-listed stocks and ETFs for non-U.S. users, allowing crypto-funded trades that can result in actual share ownership.
Strategy acquired 4,603 BTC for $369.7 million between August 24 and August 30, bringing its total holdings to 845,050 BTC.
Binance will force-settle 17 margin listings on September 3 and migrate BounceBit (BB) from its mainnet to BNB Smart Chain on September 1.
Polygon Labs disclosed it quietly patched security vulnerabilities in its Bor and Heimdall clients through Austin and Kyoto hard forks, with fixes rolled out before public disclosure.