【AiCoin丨5.3 Snapshot: DeFi Attacks, Legislative Progress, BTC Bottoming】

1. The Central Bank of Brazil bans financial technology companies from using cryptocurrencies for cross-border payments

The Central Bank of Brazil announced that starting October 1, electronic foreign exchange service providers are prohibited from settling cross-border remittances with stablecoins and other cryptocurrencies (such as Bitcoin). This ban applies to fintech companies and payment institutions, but individual investors can still buy and hold crypto assets. Electronic foreign exchange payments must be conducted through foreign exchange transactions or non-resident real accounts. Unauthorized companies must apply for approval from the Central Bank of Brazil before May 2027. -Original text

2. Trump criticizes banks for obstructing cryptocurrency legislation, claims crypto has become mainstream

President Trump criticized banks for obstructing cryptocurrency legislation at the Mar-a-Lago estate event, stating that cryptocurrencies have become mainstream and that the US is leading China in artificial intelligence and cryptocurrency fields. -Original text

3. BlackRock opposes OCC’s 20% cap on tokenized reserve assets

BlackRock submitted a comment letter to the Office of the Comptroller of the Currency (OCC), opposing the 20% cap on tokenized reserve assets, stating that this restriction is unrelated to the goal and emphasizing that risk depends on credit quality, duration, and liquidity, rather than whether assets are held or transferred on a distributed ledger. -Original text

4. Iran responds to US proposal with 14 conditions, including asset freeze, troop withdrawal, and war reparations

According to Tasnim News Agency, Iran responded to the US 9-point proposal with 14 points, key among them: guarantees against military invasion, withdrawal of US troops from surrounding areas, ending maritime blockade, unfreezing frozen assets, paying war reparations, lifting sanctions, ending hostilities, and establishing a new mechanism for the Strait of Hormuz. The US proposed a two-month ceasefire, while Iran demands all issues be resolved within 30 days, focusing on a complete end to the war. -Original text

5. Coinbase: Lawmakers reach agreement on stablecoin yield provisions, clearing obstacles for Clarity Act

According to Coinbase, Senators Tom Tillis and Angela Orsobrooks finalized a compromise on stablecoin yield provisions, clearing the way for the Clarity Act to be considered. Section 404 of the bill prohibits crypto companies from paying interest similar to bank deposits, while allowing activity-based rewards. Coinbase CEO Brian Armstrong called for the Senate Banking Committee to review the bill. -Original text

6. Arbitrum votes to unfreeze $59k worth of ETH to address Kelp DAO vulnerability

Arbitrum voted to unfreeze $71 million worth of ETH in response to the $290 million Kelp DAO vulnerability. -Original text

7. Kelp DAO suffers $292 million attack, shaking DeFi market; Apollo and BlackRock continue to push on-chain finance

According to CoinDesk, Kelp DAO was attacked for $292 million, shaking the crypto lending market. Industry insiders believe this is a temporary setback and will not hinder institutional adoption of DeFi. Wall Street firms like Apollo Global Management and BlackRock continue to advance on-chain finance, prompting DeFi protocols to strengthen security and governance. Experts recommend adopting enterprise-grade standards such as zero-trust architecture, robust collateral frameworks, and auditable smart contracts to support larger capital inflows into the space. -Original text

8. CryptoQuant analyst: Bitcoin needs to drop to $59k to form a bottom, estimated to take about 6 months

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