
SEC Staff Put Token Buybacks and Network Upgrades Outside Howey
A Corporation Finance FAQ update says maintaining a working network is not the managerial effort that makes a token a security. The answers carry no legal force.
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A Corporation Finance FAQ update says maintaining a working network is not the managerial effort that makes a token a security. The answers carry no legal force.

Withdrawals reopen in four stages from Monday, starting with bitcoin. The revised total is a recount, not fresh theft, and equals about 84% of the protection fund.

Every calendar day would become a record date for STRC, STRD, STRF and STRK, with payment the next business day. Shareholders vote on 28 October.

Seven Coinbase equity tokens can back USDC loans on Base at collateral factors of 65% to 79%. The market opens small, capped near $29 million.

Deribit settled one of its largest expiries of the year at 08:00 UTC with bitcoin just above $84,000. Five outlets read the notional differently.

Evercrest says LayerZero endorsed in writing the single-verifier setup broken in April's bridge exploit. Its co-founder calls the claim meritless.

Two proposals set a 2% capital charge on the first $20 billion outstanding and a two-business-day redemption window. The comment clock runs 60 days.

The exchange says its $464 million protection fund covers the loss and that private keys were not taken. Withdrawals are still paused, with no timeline given.

ZIP 2003 disallows version 4 transactions, and Sprout balances cannot be spent without them. The coins are not burned, and the text leaves a route back open.

The 10-year Treasury yield ran past 5.1% on Wednesday and bitcoin gave up $87,000. Outlets do not agree on how much of the long side was liquidated.

The joint EBA, ESMA and EIOPA report says the risk could arrive before quantum computing is commercially useful. Estimates of exposed bitcoin do not agree.

Ronald Spektor pleaded guilty to all 31 counts and drew the term his plea promised. Prosecutors had asked for seven to 21 years and were overruled.