AI-powered summaries of the day's top crypto events
S&P Global has acquired OpenZeppelin, a blockchain security platform known for its smart contracts that have facilitated over $37 trillion in value transfers. The acquisition is part of S&P Global's strategy to address technological risks in tokenized finance and will see OpenZeppelin continue as a standalone unit. Financial terms of the deal have not been disclosed.
The U.S. Treasury has sanctioned Iranian crypto exchange BitBank, alleging it facilitated bitcoin transfers for the Islamic Revolutionary Guard Corps (IRGC) via the previously sanctioned Hormuz Safe platform. The sanctions are part of ongoing efforts to curb illicit financial activities linked to Iran.
The House Financial Services Committee has advanced the American Reserve Modernization Act of 2026, which mandates a 20-year holding period for federal Bitcoin reserves. The bill, which passed with a 28-21 vote, also requires annual independent audits and now moves forward for further legislative consideration.