Hester Peirce: Crypto vaults and on chain lending strategies may be subject to federal securities laws

The three major stock indexes in the US stock market have diverged in trend, with the Nasdaq rising, the Dow Jones Industrial Average rising 0.3%, and the S&P 500 index falling 1.52%.

On chain analyst Yu Jin's monitoring shows that a certain giant whale, which opened a long MU and made a profit of 1.71 million US dollars yesterday, opened a GOOGL long position worth 10.66 million US dollars before Alphabet's financial report was released, with an average opening price of 349.7 US dollars. Alphabet will announce its financial report after the US stock market closes at 4am (UTC+8).

CNBC reported that the Democratic Party may not support the ethical protocol of the Bitcoin Clarity Act, which faces the risk of being shelved before the end of its congressional term. （The Bitcoin Historian）

Chinese listed company Zhibao Technology and Joyer Tech have signed a non binding term sheet for a PIPE financing of 3500 bitcoins.

The FATF report states that if there are identifiable individuals retaining control or influence in DeFi projects, regardless of whether the project claims to be decentralized, it should be considered a virtual asset service provider and subject to regulation. The report shows that the total locked value of DeFi reached $86.6 billion this year, an increase of about 85% compared to 2023. FATF requires countries to encourage DeFi projects to embed anti money laundering controls into smart contracts or interfaces, and for platforms that refuse to cooperate, jurisdictions may prohibit them from operating locally as a last resort.