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Posts published in “Business”

Corporate Bitcoin portfolios are hiding a massive liability crisis that triggered an average 27% crash last month

Corporate Bitcoin holdings have been treated as a straightforward signal for years: a company buys BTC, investors read it as conviction, and the stock trades with a built-in Bitcoin premium. While this might sound like a very clear and simple trade, the balance sheets behind it are anything but...

Citadel pushes SEC to classify open-source developers as unregistered stockbrokers – Uniswap fires back

On Dec. 2, Citadel Securities filed a 13-page letter with the SEC arguing that decentralized protocols facilitating tokenized US equity trading already meet statutory definitions of exchanges and broker-dealers, and regulators should treat them accordingly. Two days later, the SEC’s Investor Advisory Committee convened a panel on tokenized equities that made clear the question is

Zcash and privacy protocols face a “do-or-die” SEC meeting that determines if developers are personally liable for code

The SEC’s Crypto Task Force scheduled a four-hour roundtable on financial surveillance and privacy for Dec. 15, bringing together zero-knowledge proof developers, civil liberties advocates, and protocol executives to debate whether blockchain privacy tools can coexist with anti-money laundering enforcement. The timing is deliberate. Two months ago...

Is Base’s Solana bridge a ‘vampire attack’ on SOL liquidity or multichain pragmatism?

Base launched a bridge to Solana on Dec. 4, and within hours, Solana’s most vocal builders accused Jesse Pollak of running a vampire attack disguised as interoperability. The bridge uses Chainlink CCIP and Coinbase infrastructure to let users move assets between Base and Solana, with early integrations in Zora...