On Sept. 8, 2025, unauthorized activity by a threat actor was detected on the Kiln platform, caused by a compromised GitHub token. After a full review with our security partners, we’ve confirmed no other customers were impacted. All Kiln services have been safely re-enabled.

📊 The data used for this analysis comes from @ratedw3b, Kiln Connect, and @beaconcha_in Download the full report now: https://t.co/0eMgZrv3ed

🔐 As in previous months, Kiln experienced no slashing events in September (or at any time). Our commitment remains to safeguard our users' assets and foster a secure environment for all.

and generated 2.29% more staking rewards.

📈 We achieved a gross rewards rate that is 0.07 percentage points higher than the Ethereum network average

🔍 Let's take a look and compare the performance of Kiln Ethereum validators in September with that of the rest of the Ethereum network.

Spot + active + (eventual) staking = the next phase of listed crypto. Read the full breakdown on our blog: https://t.co/fwiWCO4OMA

5/ What to watch: ops > concept (cash-only creations, tax/custody for staking). Expect more multi-token ETFs from big managers; execution will separate winners.

4/ Edge of spot: if allowed, T. Rowe can stake PoS assets (or use LSTs) to add network rewards, turning price-only exposure into total return.

3/ Why now? Post-SEC generic commodity listing standards, the door is open for diversified, actively managed crypto baskets. Contrast: ProShares filed a derivatives-based fund tracking the CoinDesk 20. Simple index-like exposure vs. T. Rowe’s spot + active tilts.

2/ It’s multi-asset, actively managed, spot. 5–15 tokens from an eligible list (incl. BTC, ETH, SOL, XRP).

🚨 This Week in Digital Assets 🧵 @TRowePrice filed its first crypto ETF: the Active Crypto ETF. ~$1.8T AUM manager entering matters.

Ethereum UX keeps getting better, congratulations @primev on mainnet preconfirmations!

7/ The shift: @circle /@Ripple /@coinbase and others signal migration from MTLs + sponsor banks to a federal stack. Get the full breakdown:

6/ Bridge (Stripe): national trust model fits stablecoin issuance/redemption/custody/reserves under one federal framework, no FDIC if no insured deposits.

5/ Timeline reality: Erebor still needs FDIC insurance + OCC final sign-off; think 12–24 months from filing to opening for insured de novos.

4/ The incidental powers doctrine is defined by activities convenient or useful to authorized banking functions, the same framework that enabled cards, ATMs, and internet banking now backs narrow, useful onchain ops inside banks. That’s the wedge for digital assets in core

3/ Erebor: tightly scoped onchain ops inside a bank. Small native crypto balances to pay fees, anchored in the incidental powers doctrine. Conservative guardrails apply.

2/ Why it matters: A unified perimeter enables deposit funding + bank-grade disclosures for onchain payments/settlement, more durable than sponsor-bank workarounds.

🚨 This Week in Digital Assets 🧵 OCC gives conditional nod to Erebor Bank; @stripe's @Bridge files for a national trust. Onchain finance is moving from state patchworks → a single federal perimeter in the US.

Our team is attending the European Blockchain Convention 2025 in Barcelona! We look forward to engaging with thought leaders and exploring the latest developments in staking/DeFi together. Let us know if you’re around. Durim Manaj, @LucianMutoi, and Gianluca Calcagno would love