Charles Schwab, Citadel, Fidelity, and others announce cryptocurrency exchange EDX Markets, that will leverage tech from US stock market MEMX (Parikshit Mishra/CoinDesk)

Tom Matsuda / The Block:
Crypto market maker Portofino, founded by former Citadel Securities executives, emerges from stealth with $50M from Peter Thiel’s Valar Ventures and others  —  – Former Citadel Securities execs Leonard Lancia and Alex Casimo have raised $50 million as they launch crypto market maker Portofino Technologies.

Nikhilesh De / CoinDesk:
Filing: crypto exchange FTX US is under investigation by Texas’ securities regulator over allegations it offers unregistered yield-bearing securities products  —  Texas securities regulator’s director said he set up a yield-bearing account on FTX US, despite identifying his address as being located within the U.S.

Camomile Shumba / CoinDesk:
US Senators Elizabeth Warren, Richard Durbin, and Tina Smith ask Fidelity to reconsider its upcoming Bitcoin 401(k) offerings announced in April 2022  —  The asset management giant said in April it would offer retail investors the option to put bitcoin in their 401(k) accounts at some point this year.

Parikshit Mishra / CoinDesk:
ConsenSys says it collects user data related to its on-chain wallet service MetaMask, following a similar announcement by decentralized exchange Uniswap  —  The firm said when using Infura as an RPC on MetaMask, a user’s IP address and wallet address information would also be collected.

Parikshit Mishra / CoinDesk:
USDC stablecoin developer Circle ends its planned SPAC merger with Concord Acquisition Corp., announced in July 2021, by mutual agreement  —  The firm had announced plans to go public in July of 2021.  —  Circle, the company behind stablecoin USDC, has terminated its agreement …

Lydia Beyoud / Bloomberg:
The Bahamas Securities Commission freezes the assets of FTX Digital Markets and “related parties” and appoints an attorney as a provisional liquidator  —  The Bahamas Securities Commission has frozen the assets of FTX Digital Markets “and related parties.”