Edgen AI operates independently of, and is not controlled by Aspen Digital Financial Limited.
Chainalysis Reactor passes Daubert standard in 2026 Bitcoin Fog ruling
Edgen Crypto·Jul 14 2026, 13:08Share to
Share to
Copy link
[1] Chainalysis Reactor Satisfies Daubert Standard for Expert Testimony in Bitcoin Fog Case (https://www.crowdfundinsider.com/2026/07/2915 ...)
Related News
Sep 02 2026, 17:01
Bitcoin slides below $77K as bond sell-off dents onchain demand
Bitcoin fell 1.02 percent to $76,800 on Sept. 2, breaking below $77,000 as a bond and equities sell-off pushed onchain demand negative. Darkfost, a pseudonymous analyst who tracks Bitcoin onchain flows, said the apparent demand metric reversed again after a brief recovery in August, with profit-taking by short-term holders — investors who acquired BTC within the past 155 days — outpacing new buying interest. The analyst cautioned that if demand does not recover soon, Bitcoin could face another leg down, potentially revisiting price ranges not seen in recent weeks. The onchain apparent demand metric estimates the net change in Bitcoin holdings among long-term investors. A negative reading indicates that selling pressure from short-term holders is exceeding new accumulation, often pointing to weakening market momentum. The latest reading follows a period in August when Bitcoin rebounded roughly 30 percent from its lows, though spot volume during that recovery hit a three-year low, according to data cited by BitcoinWorld. Notably, the number of Bitcoin wallets holding at least $1 million surged by 11,636 in August as large holders returned, yet that accumulation has not been enough to offset short-term selling pressure. The macro backdrop is dominated by a bond market sell-off that has pushed yields higher and pressured equities, creating risk-off conditions that typically weigh on speculative assets. Rising bond yields threaten to push up US borrowing costs, according to analysts cited by MSN. Bitcoin, which has increasingly traded in correlation with risk assets, has not been immune to this dynamic. Bitcoin's total market capitalization stands at $2.68 trillion, down 1.05 percent in the past 24 hours, while BTC dominance sits at 57.35 percent, according to CryptoRank data. Ethereum dominance is 10.84 percent. Total 24-hour spot volume across the market reached $33.3 billion, down 2.91 percent. For traders, the key question is whether Bitcoin can hold its current support zone near $77,000 and whether the apparent demand metric shows signs of improvement in the coming days. A sustained recovery in demand could indicate that selling pressure is exhausting, while continued negative readings might confirm a deeper correction. Onchain metrics should be weighed alongside technical analysis, trading volumes, and macroeconomic data releases that could influence liquidity conditions. This article is for informational purposes only and does not constitute investment advice.
Sep 02 2026, 16:59
Ondo urges 2 US regulators to bring stock perpetuals onshore
A tokenized-asset protocol is pressing Washington to greenlight a product class that has so far lived offshore. Ondo Finance on Sept. 2 formally asked the SEC and CFTC to allow perpetual futures tied to individual US stocks to trade onshore, contending that the existing securities framework already covers these instruments. The company argues that perpetual futures on individual equities fall within the current scope of US securities law, according to its public statement to both agencies. The request arrives as US authorities have signaled a broader intent to pull derivatives trading back from offshore venues that have captured significant volume in the crypto derivatives market. The proposal targets perpetual futures — contracts with no expiry date that track the price of an underlying asset — a product class that has grown primarily on offshore crypto exchanges. Ondo's push would create a regulated onshore venue for these instruments, potentially bridging traditional equities with tokenized infrastructure. If the SEC and CFTC accommodate the proposal, it could open a new regulated market for stock perpetuals and expand Ondo's product footprint beyond its current tokenized-asset offerings. The outcome will hinge on whether regulators determine that existing securities law — rather than new legislation — can govern these hybrid products that sit at the intersection of equities and crypto derivatives. Ondo's advocacy reflects the growth of the real-world asset tokenization sector, where protocols have expanded from tokenizing bonds and funds into more complex financial instruments. The company's move into derivatives marks a significant step for a sector that has largely focused on tokenizing traditional assets rather than creating new derivative products. The regulatory question at the heart of the proposal is jurisdictional. Perpetual futures on individual stocks touch both the SEC's authority over securities and the CFTC's oversight of derivatives, raising questions about which agency would take the lead on approving and supervising such products. The two agencies have historically divided oversight of crypto products, with the SEC asserting authority over tokens deemed securities and the CFTC overseeing derivatives markets. For Ondo, the stakes are structural. The company has positioned itself as a bridge between traditional finance and on-chain infrastructure, and a favorable regulatory outcome would validate its expansion thesis while attracting institutional capital seeking compliant derivatives exposure to US equities. A rejection or prolonged review, by contrast, would leave the product class to continue trading offshore, outside the reach of US securities law. The SEC and CFTC have not yet publicly responded to Ondo's request as of press time. Industry observers will be watching whether the agencies treat the proposal as a test case for how tokenized derivatives products can be accommodated within the existing US regulatory framework. This article is for informational purposes only and does not constitute investment advice.
Sep 02 2026, 15:34
Wyoming adds Chainlink reserve verification to FRNT stablecoin after $7.2B migration
Wyoming is handing Chainlink a second job on its state-issued stablecoin, moving the Frontier Stable Token beyond cross-chain transfers and into the verification of the assets that back it. The Wyoming Stable Token Commission said it has adopted Chainlink Proof of Reserve to publish near-real-time, onchain confirmation that FRNT's reserves match its token supply, a step that follows the token's August migration from LayerZero to Chainlink's Cross-Chain Interoperability Protocol. "We are using Chainlink Proof of Reserve as our exclusive onchain asset verification infrastructure to confirm that FRNT is fully backed by high-quality reserve assets," Anthony Apollo, executive director of the Wyoming Stable Token Commission, said in a statement. Under the setup, The Network Firm audits FRNT's reserves and token supply under AICPA standards, while Chainlink Proof of Reserve publishes the verified data onchain in near real time. Wyoming said the arrangement narrows the information gap between reporting periods and complements transparency standards under the GENIUS Act by pairing independent examinations with automated onchain checks. The commission is also adopting Chainlink Proof of Reserve Secure Mint, which would block new token creation unless verified reserves meet or exceed FRNT's total supply, a control aimed at reducing the risk of infinite-mint attacks. FRNT, which launched in January as the first stable token issued by a US state, is backed by US dollars and short-term Treasuries, with reserve income flowing into Wyoming's School Foundation Program. Its market capitalization sits below $1 million, and the token remains live across eight blockchains: Arbitrum, Avalanche, Base, Ethereum, Hedera, Optimism, Polygon and Solana. ## A precedent beyond the token's size The expansion deepens Chainlink's footprint in public-sector digital assets after Wyoming became the first US government entity to swap blockchain infrastructure on security grounds. The commission said its August decision followed a security review that flagged concerns about LayerZero's operational security and disclosure practices, and it named Chainlink CCIP the sole system meeting its requirements. Chainlink's security model routes each transfer through multiple independent operators, with at least 16 node operators validating transactions under a SOC 2 Type 2-certified protocol. The state's move is part of a wider shift toward Chainlink's interoperability tools. The commission said more than $7.2 billion in onchain value has migrated from LayerZero to CCIP, a figure Crypto Briefing put closer to $15 billion across announced infrastructure changes. Chainlink co-founder Sergey Nazarov framed Wyoming's selection as evidence that governments need infrastructure built for scale, noting the underlying oracle network has facilitated more than $33 trillion in transaction value. For LINK, the token that powers Chainlink's network, the state contract extends its utility from cross-chain messaging into reserve attestation — a use case other state and institutional issuers may copy as they weigh transparent backing. Wyoming's choice also pressures LayerZero, which lost a government reference client on stated security grounds even though FRNT's volume is negligible. The commission has not published the full security review or a deprecation schedule for legacy LayerZero contracts, and future notices are expected to clarify how those routes will be retired. This article is for informational purposes only and does not constitute investment advice.