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first_img On-chain treasury infrastructure Veda, in collaboration with Aave and Kamino, submitted a legal framework to the SEC

On November 3, Veda, an on-chain treasury infrastructure provider, announced that Veda, Aave Labs, and Kamino Foundation released a public summary of a legal framework discussing how U.S. federal securities laws apply to decentralized lending protocols and non-custodial treasuries. Veda stated that the framework addresses how securities laws should apply when financial activities traditionally performed by intermediaries are executed by smart contracts, and ownership, control, and decision-making are decentralized among different participants. The three parties submitted a more detailed version to the U.S. Securities and Exchange Commission (SEC) on October 26 and requested to communicate with the commission's staff. Aave Labs clarified that the detailed version was submitted to the SEC's crypto working group and corporate finance department, and requested a meeting with the staff, with the complete submitted documents remaining confidential.Veda stated: Securities regulation should follow the rights, obligations, and powers that are actually formed by arrangements, including who owns the assets, who bears the obligations, who exercises the authority, and whose economic outcomes are affected. Common infrastructure, receipt tokens, or discretionary service providers cannot unilaterally decide the above issues. The document analyzes against the Howey investment contract standard, Reves note standard, the Investment Company Act of 1940, and the Investment Advisers Act of 1940, and concludes that the analyzed agreements and treasury arrangements do not constitute investment contracts or notes, and the described treasury does not constitute an investment company, nor does the discretionary investment compensation necessarily constitute custody of client assets.Veda also stated that these conclusions depend on the specific structure, contractual arrangements, and distribution of rights and powers described in the document; if the ownership structure, repayment commitments, discretionary powers, or redemption restrictions differ, the legal analysis may also change. This submission did not request the SEC to establish exemptions, safe harbors, or specialized regulatory regimes for decentralized finance, but rather to apply existing securities laws and ask the commission to confirm that the law has distinguished between activities such as issuance, investment management, and custody. The blog post noted that the content is for informational reference only and does not constitute legal advice, and the SEC has not endorsed the conclusions of the document. According to publicly available information from RootData and Veda, Veda was established in 2024 and completed an $18 million financing round led by CoinFund in June 2025.

Interlace and X-Agent have reached a collaboration to explore new scenarios for AI Agent payments and social interactions with a Halloween theme

The stablecoin infrastructure platform Interlace officially announced its ecological cooperation with the AI Agent platform X-Agent. The two parties will explore cooperation around AI Agents, stablecoin payments, and Web3 financial applications, promoting the deep integration of payment infrastructure and AI Agent application scenarios.As the first landing scenario of the cooperation, Interlace will participate in the Halloween-themed event "The Great Treat Hunt 2026" initiated by X-Agent, and collaborate with multiple ecological partners to explore innovative applications of AI Agents and Agentic Payment through community interaction and online AMAs. The event will be held from October 30 to November 6.X-Agent is committed to connecting Web3 social networks with autonomous AI Agents, supporting users in creating and deploying agents through natural language, with over 1 million certified users globally. Interlace focuses on issuing card infrastructure, helping exchanges, wallets, fintech platforms, and financial institutions quickly launch their own branded card projects through API and white-label solutions, with a cumulative issuance of over 10 million cards.In the future, both parties will continue to explore the collaborative scenarios of AI Agents and stablecoin payments, promoting the innovative development of autonomous interaction, automated settlement, and the Agent Economy.

Bitget, in collaboration with Reality and Keyring, released a research report and plans to launch the first on-chain stock basis trading strategy

Bitget, in collaboration with Reality and Keyring, has released a research report exploring the synergy mechanisms of tokenized stocks, perpetual contracts, and decentralized lending, and evaluating the potential returns and risks of related strategies through simulation calculations. The report points out that the application of tokenized stocks is extending from traditional stock trading to more scenarios such as collateralized lending, asset management, and systematic investment strategies.The research is based on Reality's rToken, combined with stock perpetual contract hedging and on-chain lending mechanisms, to explore stock basis yield strategies. Historical simulation data shows that from December 15, 2025, to October 19, 2026, the annualized net return of the strategy index is approximately 7% and 4% for in-sample and out-of-sample, respectively, with a gross funding cost rate premium of about 11% to 14%. The report also notes that financing costs, transaction execution fees, market liquidity, and risk management are key factors affecting the actual returns of the strategy.It is reported that Bitget and Keyring plan to jointly develop a stock basis index and build an on-chain lending market based on Reality's rToken. Among them, Reality provides exposure to tokenized stock assets, while Keyring is responsible for developing the index methodology and constructing the related lending market. The index aims to capture funding rate and basis yield opportunities by combining rToken holdings with corresponding stock perpetual contract hedging positions, providing new strategic pathways for the application of tokenized stocks in on-chain financial scenarios.

first_img The collaboration platform Airtable will cut most of its teams before the acquisition

On October 12, Alessandro Savarese, the product head of the collaboration platform Airtable, stated that he joined Bending Spoons after completing the acquisition in early September and is responsible for product development. The team has communicated with customers, builders, account administrators, and partners to identify priorities for the remainder of 2026 and most of 2027. The vision is to place teams, data, workflows, and agents on the same platform, with investment directions including continuous improvement of the core product, enabling AI to collaborate with humans, and strengthening centralized control at the account level.Organizationally, Airtable will part ways with a significant portion of the pre-acquisition team, with relevant personnel leaving by the end of that week and receiving severance compensation. The article states that this does not reflect the quality of their work. Bending Spoons has sent in experienced engineers, product managers, and designers. For customers, the packages, pricing, and service content remain unchanged, and the customer-facing organization is unaffected. Bending Spoons S.p.A. has the NASDAQ ticker BSP and has completed the previously announced acquisition, with Airtable being used by over 500,000 organizations.In terms of products, the Speedy Squad has released over 30 improvements in the past three weeks, including increasing automation limits, automating the addition and deletion of record actions, and more granular editing permissions on list pages; this group will be merged into the Core team led by long-time employee Akshar Patel.
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