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Charles Schwab is preparing to enter the prediction markets industry by offering contracts via Cboe Global Markets for people to wager on the S&P 500's performance. The firm will introduce features like the "Plus Zone" and may expand offerings to other financial benchmarks in the future.
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Coindesk
Changpeng Zhao reveals in his memoir that Sam Bankman-Fried casually requested billions during a call about Binance acquiring FTX, leading to a collapse when Alameda CEO disclosed a floor price for FTT. Despite the fallout, Binance's user funds remained secure during a $7 billion withdrawal bank run.

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Federal prosecutors have urged Judge Failla to dismiss Roman Storm's plea based on a recent Supreme Court ruling. They argue that Storm's awareness of Tornado Cash misuse sets his case apart from the Cox ruling.

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AAVE token hit a nearly two-year low due to ongoing DAO disputes and following the recent V4 protocol launch. Chaos Labs announced its departure as a risk manager for Aave's DAO, leading to a 6% drop in AAVE in the last 24 hours.

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Proposed rules by the FDIC under the GENIUS Act aim to regulate stablecoins, setting standards for reserve assets, redemption processes, capital requirements, and risk management for supervised issuers. The rules exclude stablecoins from deposit insurance protections and mandate issuers to redeem tokens within two business days.

Protos
Three suspects have been charged in a crypto wrench attack ring, believed to be part of a larger operation tied to similar crimes. The criminals target major cryptocurrency holders by researching their habits and then threatening them to gain access to accounts.

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President Trump's ultimatum to Iran regarding the Strait of Hormuz has caused market fluctuations, with oil prices soaring and stock futures dropping. The threat of war crimes and uncertainty in the crypto market have investors on edge.

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According to Bloomberg Senior ETF Analyst Eric Balchunas, Morgan Stanley's Bitcoin Trust is set to debut with a competitive edge due to low fees and a large network of financial advisors. With a 0.14% expense ratio, the ETF aims to differentiate itself strategically in the market.

Protos
Cloudflare has accelerated its migration to post-quantum cryptography due to concerns about potential quantum hardware breakthroughs rendering current encryption obsolete within three years. Google and IBM have also set a 2029 deadline for implementing post-quantum protections.

Coindesk
World Liberty's partnership with AB DAO, linked to individuals sanctioned by the U.S. and U.K., has raised concerns about the due diligence process. The company, co-founded by President Donald Trump, integrated its stablecoin with AB DAO, unaware of its connections to the Prince Group.

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The Solana Foundation and Asymmetric Research have introduced STRIDE, a security program for DeFi protocols with over $10 million TVL, offering 24/7 threat monitoring and formal verification for those with over $100 million TVL. This initiative aims to enhance security as attackers target Solana's growing locked value.