The Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the Federal Reserve stated that the guidance is expected to apply most to banking institutions with assets exceeding $30 billion.

The Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the Federal Reserve have released revised guidance on model risk management.

Regulation & Policy - Clarity Act's stablecoin yield language pushed back; ban on idle balances still intact - ‘This is nuts’: CFTC chair Selig grilled by lawmakers on prediction markets, Hyperliquid, and staffing - UK FCA seeks fresh feedback on crypto rules ahead of October 2027 rollout - 'Bitcoin taxes make no sense': Washington think tank argues US rules hinder everyday payments - Solana Institute-backed super PAC pours $8 million against Sherrod Brown in Ohio race Market & Institutional Flows - Bitcoin ETFs add $186M as Morgan Stanley's MSBT inflows top $100M in first six trading days Corporate & Institutional Developments - Bored Apes-creator Yuga Labs taps new CEO as Greg Solano moves to chairman role - Morgan Stanley’s Amy Oldenburg says crypto ‘becoming daily business’ across the firm - Elon Musk's X Money stands to disrupt payments and pressure PayPal, but crypto plans may hit regulatory hurdles: Mizuho - Charles Schwab begins rollout of spot bitcoin, ethereum trading platform - AI agents make card purchases with new Mastercard–Lobster.cash integration - DoubleZero rolls out Edge, a low-latency onchain data delivery service on its global fiber DePIN infrastructure - South Korea to pilot blockchain-based deposit tokens for government spending Technology & Ecosystem - Tempo unveils pragmatic privacy solution called Zones, a way to run permissioned parallel blockchains - Ethereum Foundation exec Josh Stark is stepping down Security, Legal & Incidents - Circle hit with class action lawsuit over alleged inaction in $280 million Drift exploit - Russia-linked Grinex exchange suspends operations after $15 million hack, blames 'hostile states' - Texas man gets 23 years for $20 million crypto scam supposedly backed by Picasso and Van Gogh artwork - Polkadot-based Hyperbridge revises exploit losses to $2.5 million, ten times initial estimate - Drift secures up to $127 million from Tether for user recovery, pivots from Circle's USDC to USDT after $280 million exploit - Crypto fund manager questioned in Zanzibar police probe into fiancee's death: reports Industry & Strategy - Circle CEO Allaire sees 'tremendous opportunity' for yuan stablecoin: report - Bitcoin miner HIVE lines up $75 million note offering to fund AI infrastructure expansion