ChainCatcher news, according to Finance Feeds, Swiss investment company ISP Securities has partnered with cryptocurrency technology provider Taurus to use its digital asset custody solution Taurus-PROTECT. ISP's institutional clients will be able to trade, custody, and stake the digital assets provided by ISP.

ChainCatcher news, according to The Block, Zodia Custody announced a partnership with the Solana staking market Marinade, allowing institutions to access Solana staking opportunities. Currently, Zodia Custody's staking services also support Ethereum, Polkadot, Cardano, and BNB.

ChainCatcher news, according to CoinDesk, Binance US has chosen Fireblocks to enhance cryptocurrency custody and staking services, assuring users and regulators that customer assets on the exchange are handled securely and compliantly, while also supporting cryptocurrency token staking services.The two companies stated on Wednesday that the company will use Fireblocks wallet technology to support hot and cold custody, as well as customer deposits and withdrawals. Fireblocks' key management system will also help expand the exchange's staking services.

ChainCatcher message, OKX officially released an investigation and explanation regarding the FLOKI staking borrowing mechanism issue, as follows:Q1: Why does automatic currency conversion occur under the condition of safe staking borrowing risk rate? What are the specific rules for automatic currency conversion?OKX's spot collateral borrowing is a C2C market that matches deposit users and borrowing users, based on the fundamental operating principle of 100% reserve. When the platform's borrowing amount/deposit amount reaches 100%, it triggers the platform's automatic currency conversion mechanism. The triggering of the automatic currency conversion mechanism depends on the borrowing and deposit amounts of all users on the platform, and is unrelated to the staking risk rate of individual users. When automatic currency conversion is triggered, in order to quickly reduce the risk for all borrowing users on the platform, users will be graded based on their borrowing amounts from largest to smallest, with the group of users with the highest borrowing amount being prioritized for system automatic currency conversion.Q2: Why doesn't OKX stop new borrowing to maintain normal levels?When the platform's borrowing amount reaches the platform's deposit amount, the platform will stop new borrowing; the reason for this automatic currency conversion trigger: due to Floki's on-chain activities, a large number of deposit users redeemed, leading to a decrease in user deposit amounts while the borrowing amount did not increase, thus triggering the automatic currency conversion.Q3: After reaching the automatic currency conversion benchmark, will users who may trigger automatic currency conversion be notified in advance? Why did I not receive timely notification this time?After reaching the platform's automatic currency conversion benchmark, the platform will notify users who may be triggered by automatic currency conversion in advance via email. This time, due to issues with the email system, a small number of users did not receive their warning emails in a timely manner. If there are issues with warning emails not being received in time, users can contact OKX customer service for feedback.Q4: Will there be product optimizations in the future to help users know their automatic currency conversion debt liquidation tiers?In the future, OKX will further optimize the email and notification system to ensure that users are notified in advance via email before automatic currency conversion is triggered. Additionally, the collateral borrowing page will be optimized to clearly inform users of their automatic currency conversion liquidation tiers.

ChainCatcher message, according to the official announcement, due to the Cosmos network upgrade, Upbit will suspend ATOM deposits, withdrawals, and staking requests on June 5 at 17:00. An additional announcement will be made once the network upgrade is confirmed to be stable.

ChainCather news, Robinhood Crypto has launched staking services in Europe, currently allowing users to stake their Solana (SOL) assets directly through the app to earn rewards.

ChainCatcher news, according to official sources, the digital asset lending platform Maple Finance has partnered with the staking infrastructure provider Figment to integrate the staking capabilities of Solana and Ethereum through Maple Finance, merging traditional finance with digital assets.It is reported that Maple Finance further solidifies its position as a home for digital asset lending by leveraging Figment's institutional-grade staking services. This collaboration allows for the staking of digital assets, increases rewards for lenders, and enhances capital efficiency during loan deployment, providing borrowers with more competitive borrowing rates.

ChainCatcher news, asset management giant Fidelity stated in a revised filing submitted to the U.S. Securities and Exchange Commission (SEC) that it plans to provide staking service capabilities for its potential Ethereum spot ETF traders. Fidelity submitted documents to launch an Ethereum spot ETF last November, competing with other issuers such as BlackRock, Ark Invest, and Grayscale.

ChainCatcher news, Aave has initiated an ARFC proposal to launch the Aave DAO staking service Frontier test, aimed at further decentralizing the staking risks of the protocol and actively participating in network security. The Aave Chan Initiative (ACI) will operate staking nodes and run validator nodes on behalf of the DAO, enhancing the DAO's passive income and promoting diversified staking strategies. Voting will end on January 24, 2024.

ChainCatcher message, according to an email sent to affected users on November 2, Coinbase has halted staking services in Maryland, USA.Coinbase stated that affected users can no longer immediately hold additional funds, and any funds staked by users after June 5 will be canceled, including any accrued rewards, which will be deposited into the users' main balance. However, users will continue to earn rewards from any staked balance, and they can actively request to cancel rewards at any time.In July, Coinbase restricted staking in four states: California, New Jersey, South Carolina, and Wisconsin. However, the measures taken by the company at that time only prevented users in those states from staking additional assets.

ChainCatcher news, digital asset custodian Hex Trust announced that it will provide custody and staking services for the Celestial token TIA.It is reported that, as the only licensed custodian in the Asia-Pacific region and holder of the FMP license for virtual asset custody services in the Middle East, Hex Trust offers secure custody services for the Celestia token (TIA) through its institutional-grade platform Hex Safe.

ChainCatcher news, the non-custodial liquid staking platform ether.fi has announced the upcoming native staking for Polygon zkEVM, allowing users to stake native ETH on Polygon zkEVM to mint weETH (ether.fi's wrapped eETH), supporting zero-fee staking.In addition, a dedicated zkEVM contract will manage the supply of weETH on zkEVM, ensuring a smooth transition between staking ETH to L1 and transferring weETH back to zkEVM to maintain sufficient liquidity.

ChainCatcher news, the Lido community has released a discussion proposal to initiate a sunset process for the staking protocol Lido on Polygon, similar to those on Polkadot and Kusama. The proposal states that Lido has spent 1,538,500 LDO in rewards on Polygon over the past year, and the annual income for every 1% of MATIC staked is $41,991. Shard Labs' one-time compensation is 150,000 LDO, and the proposer stated, "This is a poor return on investment."

ChainCatcher news, Bitstamp will stop offering Ethereum staking services to U.S. customers starting September 25. Bitstamp US CEO Bobby Zagotta stated in a statement that customers will continue to receive staking rewards until September 25, 2023, after which all staked assets will be unstaked. Other Bitstamp services will not be affected, and rewards along with the principal will be credited to the users' main account balance.The company stated that the decision to stop offering staking to U.S. customers was made in light of the current regulatory dynamics in the United States. The U.S. Securities and Exchange Commission (SEC) has targeted staking services in multiple enforcement actions. In lawsuits against Coinbase and Binance, the SEC claimed that these staking programs qualify as investment contracts under the Howey test.

According to ChainCatcher news, as reported by Blockworks, Komainu, a compliant digital asset custodian established by Nomura Securities, Ledger, and Coinshares, has received approval from the Dubai Virtual Assets Regulatory Authority (VARA) to offer institutional staking and collateral management services in the region through its Komainu Connect platform. Additionally, it can provide custody and custodial staking services.Currently, Komainu has five employees in Dubai and plans to double that number by the end of the year.

ChainCatcher message, announced by the AI-managed DeFi platform DefiLabs on Twitter on July 28:To provide better services and experiences for our users, our platform is currently undergoing maintenance and updates. Unfortunately, we encountered an unexpected issue during this process. To ensure the safety of user assets and the smooth operation of the platform, we have decided to suspend staking services. Please do not engage in any staking operations during the maintenance period.During the emergency upgrade, the suspension of staking measures will take effect. We strongly advise users not to attempt any staking transactions during this period to avoid any interruptions in fund processing and the upgrade process. We are working hard to resolve the issue and restore the platform to normal operation as soon as possible. Withdrawal procedures will be suspended until further notice. Please be patient and continue to pay attention to further updates. The team will release the latest news within 48 hours.Users' existing funds will be securely stored and will not be affected. Once the upgrade work is completed and the platform is confirmed to be operational, we will promptly notify users to resume staking services. New pools are expected to open after the maintenance is completed.To ensure the safety of user funds, please closely monitor official announcements and exercise caution when handling information from unknown sources.

ChainCatcher news, after the SEC in the U.S. filed a lawsuit against Coinbase regarding a small number of assets and retail staking services, some state agencies have requested Coinbase to limit retail staking services in these states during the litigation.Coinbase stated that due to actions taken by state regulators in California, New Jersey, South Carolina, and Wisconsin, customers in these states will be unable to stake additional assets through Coinbase during this period of action. Staking services in other states are currently operating normally.Previous news, ten states in the U.S. have already taken legal action against Coinbase for violating securities laws.

ChainCatcher news, institutional digital asset custodian Komainu announced a partnership with staking infrastructure provider Figment, aiming to provide staking services for asset management companies, family offices, hedge funds, pension funds, and other institutional investors on the Solana and Polkadot chains.It is reported that Komainu is a compliant digital asset custodian established by a joint venture of Nomura Securities, Ledger, and Coinshares. (source link)

ChainCatcher news, the Thai SEC announced that it prohibits exchanges from providing lending and staking services to retail investors. The Thai SEC also introduced a mandatory trading risk disclaimer, requiring all users to be aware that exchange operators must ensure users acknowledge these risks before agreeing to use the services.In addition, the investor suitability assessment will determine the amount of cryptocurrency users are allowed to invest in. The new regulations will take effect on July 31, 2023.Previously, the Monetary Authority of Singapore required cryptocurrency trading platforms to hold customer funds in trust, and Singapore will also advance a proposal to prohibit retail investors from borrowing and staking. (Source link)