Express News | GSR Commits $100 Million to Co-Develop On-Chain Credit Business Hare with Turtle

On October 7, crypto trading and market-making firm GSR committed $100 million to co-develop Hare, an on-chain credit business, with liquidity distribution platform Turtle. Hare is responsible for creating and managing on-chain vaults. This multi-year commitment is primarily structured as a credit facility. GSR will initially inject its own capital into Hare’s products to provide initial liquidity before external investors enter. Hare will first launch two products based on the Aave lending protocol: Hare USD Earn, which accepts major USD stablecoins through a single vault; and Hare Gold Earn, which allows holders of Paxos’ tokenized gold products, PAXG and PAXGy, to earn yield, with Paxos Labs participating in the gold product collaboration. Vault managers are responsible for allocating assets deposited in smart contracts to lending markets and other strategies. Connor Milner, CEO of Hare, stated that the capital committed by GSR will be deployed directly, enabling issuers to access liquidity from day one, while allowing investors to see GSR’s proprietary funds commingled with their own in the same vault. Hare will focus on assessing collateral, counterparty risk, and the performance of relevant positions under market stress.

LatestOct 7 20:56

Hong Kong's Financial Secretary: A draft amendment to the relevant ordinance will be submitted within the year to establish a licensing regime for virtual asset trading and custody services.

According to a press release from the Hong Kong Special Administrative Region Government, Secretary for Financial Services and the Treasury Christopher Hui attended a policy briefing of the

Foresight Oct 6 09:28

Interpretation of the U.S. CFTC's New Regulations: The regulatory scope covers crypto‑related activities involving leverage, margin, or financing, but it lacks jurisdiction over the spot market.

BlockBeats reports that on October 6, the U.S. Commodity Futures Trading Commission (CFTC) proposed two new rules on Monday, seeking to establish a U.S. regulatory framework for cryptocurrencies

BlockBeatsOct 6 00:31

The U.S. CFTC has proposed its first set of rules for the cryptocurrency market, abandoning a regulatory approach that relies solely on enforcement.

PANews reported on October 5 that Michael S. Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated in a Wall Street Journal op-ed that, following Congress's failure to pass

PANewsOct 6 00:29

Survey: Nearly 70% of affluent investors in Europe and the U.S. hold crypto assets and plan to increase their holdings by 2026.

ChainCatcher reports that digital asset management firm CoinShares found in its latest survey that affluent investors' appetite for crypto allocations continues to grow. The survey polled 2,230 high-

ChainCatcherOct 5 19:31

Express News | Golden Noon Report | Overview of Key Midday Developments on October 3

7:00-12:00 Keywords: Bitget, NEAR, Aave 1. Chainalysis discloses details on tracking the flow of $387 million stolen from Bitget across four blockchains; 2. U.S. community banking groups sue the OCC, challenging crypto trust bank charters; 3. Major short sellers covering positions before Changxin Technology's IPO incur a final loss of $10.98 million; 4. NEAR co-founder discusses recovering stolen funds: AI security layer SHIELD on Intents identifies hackers; 5. Aave Labs submits ARFC proposal to establish the Aave Foundation in the Cayman Islands; 6. Nevada opposes Kalshi's request to delay Ninth Circuit Court proceedings, citing CFTC rulemaking; 7. Fed's Hammack: Non-farm payrolls align with recent hiring trends; ample time remains to determine policy stance.

LatestOct 3 12:00