BNY Is Wiring Staking Into $62.6T of Custody While the Yield Sits at 2.66%
BNY oversees $62.6T and wants clients staking inside custody, at a moment when Ethereum’s staking APR is the lowest in three years.
Block Signals
Weekly blockchain analysis for professionals. Adoption, security, regulation, and business use cases. Every Sunday.
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6.04M Bitcoin Have Their Keys on the Chain and the Fix Is Still a Draft
Glassnode counts 6.04M BTC with public keys already visible on the chain, and the leading protocol answer is still a draft.
Nearly Half of All USDT Lives on Tron and Tether Is Moving Some Back to Bitcoin
Tron holds about $87.7B of USDT, near 48% of the $184B supply, and Tether’s native Bitcoin issuance via RGB is a hedge against that concentration.
Crypto Theft Fell Below a Billion Dollars and the Attack Count Still Hit a Record
Dollars taken fell by more than half from last year while incident counts doubled to a record 207
AI Agents Got Real Payment Rails This Month and No Liability Rulebook
Coinbase counts more than 160 million autonomous agent payments in a year, and three payment giants just made agent spending easier, with no rule yet for who covers a payment an agent gets wrong.
DTCC Put Its First Securities on a Public Chain It Can Freeze
DTCC clears about $3.7 quadrillion in transactions annually. Its first tokenized securities will land on a public chain, but it can still freeze and claw back.
Japan Folded Crypto Into Its Securities Law and Cut the Top Tax From 55% to 20%
Japan’s lower house voted to regulate crypto like stocks. 14M accounts, a 55% to 20% tax cut, and prison terms that tripled in one bill.
Native USDC Passed $140 Billion, and the Crypto Bridge Vault Is Being Designed Out
Native USDC has carried $140B with no vault to steal, while bridge exploits drained $328M through mid-May. The design is changing.
Schwab and ETrade Launched Crypto in the Same Week. The Fee War Started at 50 Basis Points.
Morgan Stanley priced crypto at 50 basis points. Schwab came in at 75. Both launched in the same week, and Coinbase already sells stocks. A full breakdown of who built what and what breaks next.
$2.9 Billion in Acquisitions and $7 Billion in Settlement on Stablecoin Rails
Stripe, Mastercard, and Visa have committed $2.9 billion in stablecoin acquisitions. Visa is settling $7 billion on nine blockchains. Meta is paying creators in USDC.
309 Pages, 15 Votes, and One Line Between Securities and Commodities
A 309-page bill just cleared committee with a 15-9 vote, drawing a hard line between the SEC and CFTC over which agency regulates which tokens.
The NYSE Just Got SEC Approval to Trade Tokenized Stocks on the Same Order Book
How DTCC’s three-year pilot and 50+ financial firms are wiring blockchain into the plumbing of U.S. equities
The CFTC Lost a Quarter of Its Staff and Replaced Them With AI
The CFTC is deploying AI to review crypto registrations and surveil markets after cutting 24% of staff. How AI-driven review and surveillance affect crypto compliance and enforcement.
$13.7 Billion in T-Bills Went On-Chain and Changed How DeFi Works
A 36x run in three years, and the real story is what these tokens do after you buy them
Wall Street's New Crypto Play: Buy the Infrastructure, Not Just the Asset
3 major Wall Street moves in one week reveal a broader pattern: institutional capital is flowing from crypto products into crypto infrastructure ownership.
$315 Billion and a Federal Law: Stablecoins Are No Longer an Experiment
The GENIUS Act, Visa's on-chain settlement, and a Federal Reserve research paper all point the same direction. Stablecoins have become financial plumbing.
Why Most Enterprise Blockchain Projects Fail Before Production
Five patterns separate the pilots that stall from the projects that ship