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MCap

Alex Turner

37 articles

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Hong Kong Named SBCFX Unlicensed After the London Gold Blowup
Policy

The Securities and Futures Commission listed SBCFX and three related Star Bridge entities on 28 August. Around 3,000 retail traders had already been liquidated on London gold, and their margin was posted in Tether, which is the part that may not come back.

·Alex Turner
SEC Commissioners Meet Friday to Publish Regulation Crypto
Policy

Approval opens a comment period on Paul Atkins's three-track proposal: a startup exemption, a fundraising exemption, and a safe harbor that ends investment-contract treatment once network development is complete. Compliance-relevant adoption is a 2027 story.

·Alex Turner
Base Will Move $7.4 Billion of Deposits Onto Zero-Knowledge Proofs on May 13 — and Quietly Drop the Optimistic Rollup Model It Was Built On
Tech

Base announced on May 4 that its Azul upgrade would integrate Succinct's SP1 zero-knowledge prover alongside its existing TEE proof system, with mainnet activation planned for May 13. The change cuts withdrawal finality from a multi-day challenge window to roughly one day — and makes Base the largest single Ethereum operator to put ZK proofs in production.

·Alex Turner