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The SEC will decide whether the cryptocurrency ETF applications will be confidential and the speed of the review: Grayscale, A16z, and others have differing positions from Jane Street and Charles Schwab

The U.S. Securities and Exchange Commission (SEC) has publicly released its request for comments regarding "Novel ETFs," which may hold crypto assets or adopt unconventional strategies. The disagreement centers on whether the filing documents should remain public before the fund begins trading and how quickly the review process should be. Crypto asset management firm Grayscale and the crypto policy organization Crypto Council for Innovation (CCI) support establishing an optional confidential filing period to reduce competitors from submitting imitation documents.Charles Schwab opposes complete confidentiality and suggests that filing documents should be made public at least 75 days in advance. Grayscale requests that the SEC respond within 45 days, while CCI argues that the confidentiality process should not extend the automatic effectiveness or review period. Venture capital firm Andreessen Horowitz (A16z) supports shortening the review time but emphasizes that the rigor of the review should not be reduced; trading firm Jane Street believes that accelerating the process could lead to a decline in product quality, competitiveness, and liquidity.Currently, there are 174 ETFs related to crypto assets in the U.S., with BlackRock's iShares Bitcoin Trust ETF (IBIT) managing approximately $61 billion in assets, accounting for about 38% of the total assets of related ETFs. The SEC will decide whether to adjust the confidentiality arrangements for filings and the speed of the review.

The Ontology mainnet has suspended block production due to a security review, and user assets have not been affected

According to the Ontology blog, its core development team discovered potential security vulnerabilities during routine security checks. Due to a high emphasis on the security and integrity of the mainnet, Ontology has immediately suspended block production on the Ontology mainnet to allow the technical team and validators to conduct a comprehensive security review of the network and related components. Ontology stated that no security incidents have been confirmed at this time, and there are no indications that user assets have been lost or stolen. ONT, ONG, and other on-chain assets are currently assessed to be unaffected; this suspension is a preventive security measure rather than a response to confirmed asset losses or ongoing attacks.During the review period, block production will remain suspended, and on-chain transactions cannot be processed. Users do not need to transfer or take any action regarding their ONT, ONG, and other on-chain assets, but should avoid conducting time-sensitive on-chain transactions until the network officially confirms its restoration. The duration of the suspension has not yet been determined, and the team will prioritize the comprehensiveness of the security review over speed; block production will not resume until the network has been thoroughly assessed and confirmed to be secure. The Ontology team is collaborating with validators and ecosystem partners to address this matter and will update progress through official channels, with a separate announcement to be made before and after the network restoration.
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