Weekly digest covering Fed rate hike, SEC tokenized-stock exemption, CoinEx shutdown, Circle's Arc mainnet launch with major validators, Deutsche Bank crypto custody plans, ECB intervention in Binance EU licensing, and NYSE 24/7 on-chain trading plans.
DeFi & Yields ·
The Federal Reserve increased rates by 25 basis points for the first time in three years as inflation remains elevated and economic growth continues, while the CLARITY Act failed to advance in a Senate vote and the SEC greenlit a tokenized-stock trading exemption. CoinEx announced it will shut down nearly nine years after its launch, and Circle deployed the Arc mainnet with BlackRock and Visa serving as validators. Deutsche Bank outlined plans to offer crypto custody services, the ECB's president reportedly intervened in Binance's European Union licensing application, and the New York Stock Exchange moved forward with strategies for continuous on-chain trading.