Wyoming has moved Frontier Stable Token (FRNT) reserve reporting closer to real time, expanding its use of Chainlink infrastructure for onchain proof of reserves. The Wyoming Stable Token Commission said it adopted Chainlink Proof of Reserve to publish verified information about FRNT’s reserves and token supply on the blockchain.

Under the update, verified reserve data will be made available onchain using a setup that combines independent examinations by The Network Firm with Chainlink’s Proof of Reserve tooling, aiming to improve how quickly users can see changes in backing between reporting cycles.

Key takeaways

• Wyoming’s commission adopted Chainlink Proof of Reserve to publish verified FRNT reserve and supply data onchain in near real time.
• FRNT already had daily reserve attestations; the integration is designed to make changes in backing visible faster than periodic disclosures alone.
• Wyoming’s GENIUS Act framework still includes monthly disclosure requirements for reserve composition and outstanding supply.
• The commission is also working on Chainlink Secure Mint, which would gate new FRNT minting on verified reserves being at least equal to total supply.

From daily attestations to near-real-time proof

The Frontier Stable Token’s reserve transparency framework has been evolving alongside Wyoming’s regulatory requirements. The Wyoming Stable Token Commission said it already publishes daily reserve attestations for FRNT, while the GENIUS Act requires monthly disclosures covering reserve composition and outstanding stablecoin supply.

The new Chainlink Proof of Reserve integration is meant to tighten that feedback loop. By publishing verified reserve and supply information via Chainlink infrastructure, the commission expects more timely visibility into when the composition and size of FRNT’s backing changes between formal disclosure windows.

In the model described by the commission, independent examinations by The Network Firm are incorporated into the onchain reporting process through Chainlink’s system—an architecture intended to increase confidence that the onchain figures reflect underlying reserve verification rather than relying solely on issuer-provided updates.

Secure Mint on the roadmap

Beyond reporting, the commission also flagged a further step it is working toward: adopting Chainlink’s Secure Mint feature. In its described form, Secure Mint would require verified reserves to equal or exceed FRNT’s total supply before additional tokens can be minted.

For investors and integrators, that matters because it shifts reserve coverage from being an after-the-fact disclosure exercise toward a mechanism that can constrain issuance in real time. While Wyoming did not state a specific timeline for when Secure Mint would be activated for FRNT, the direction is clear: make reserve adequacy a condition for minting rather than only a periodic compliance metric.

How FRNT is backed—and what income supports

FRNT, launched in January, is described as being backed by US dollars and short-term US Treasurys. The commission also said interest income generated from the reserves is deposited into Wyoming’s School Foundation Program.

That structure is relevant to why “proof of reserve” is particularly consequential for this token: the backing is intended to be held in highly liquid instruments, and near-real-time visibility into reserve levels and supply can help stakeholders assess whether the backing remains aligned with outstanding FRNT as it changes.

Wyoming’s broader Chainlink rollout

This Proof of Reserve expansion arrives shortly after Wyoming completed FRNT’s migration from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol (CCIP), with CCIP becoming FRNT’s exclusive cross-chain infrastructure.

According to the commission, the cross-chain infrastructure switch took place roughly two weeks before the Proof of Reserve announcement. Together, the changes point to a broader consolidation of FRNT’s operational stack around Chainlink—both for transparency (reserve verification onchain) and for interoperability (cross-chain messaging via CCIP).

Chainlink’s institutional momentum

The update also fits into a broader pattern of Chainlink integrations across tokenized assets and regulated market infrastructure. In recent months, Chainlink has been used as a pricing-data provider for tokenized equities, participated in banking-group initiatives focused on stablecoin-based atomic foreign exchange settlement, and been referenced in plans for tokenized collateral management platforms.

The article cited several examples of Chainlink involvement, including that Chainlink became a pricing-data provider for Coinbase’s B20 tokenized equities on Base after their August launch, and that Chainlink joined Project Pangea—an initiative involving European and South Korean banking groups exploring euro- and won-denominated stablecoins for atomic FX settlement.

In addition, the report referenced work connected to the Depository Trust and Clearing Corporation (DTCC) for a planned 24/7 platform to manage tokenized collateral, and noted a tokenized liquidity fund launched by Fidelity International using Chainlink and Sygnum infrastructure with daily net asset value data provided by JPMorgan for pricing.

Market participants are also watching LINK, the native token of the Chainlink network. CoinGecko data referenced in the source indicates LINK gained more than 34% over the past month, trading around $11.07 as of Wednesday.

Next, FRNT holders and integrators will likely look for whether Wyoming proceeds with Chainlink Secure Mint in practice and how quickly Proof of Reserve data updates compared with the existing daily attestations and monthly GENIUS Act disclosures. The key question is whether the “near-real-time” verification meaningfully reduces the gap between reserve changes and public visibility—especially during periods of rapid minting or redemption.

Related reading: Charles Schwab adda Solana, Avalanche and Chainlink to nascent crypto platform.

Federal law enforcement officials, working with cybersecurity technology company CrowdStrike, announced action against entities behind malware that enabled the theft of $150,000 in cryptocurrency.

In a Tuesday notice, the US Justice Department said it had disrupted the Sality botnet and malware in an international effort with Bulgarian, Hungarian and Romanian officials, as well as private sector partners CrowdStrike and the Shadowserver Foundation. US officials said that Sality was responsible for installing malware on compromised devices since 2003, resulting in crypto theft and cyberattacks. 

CrowdStrike reported that in the previous eight years, the entities behind Sality used EggJagger, a “clipjacking tool that monitors the clipboard for cryptocurrency wallet addresses and silently replaces them with addresses controlled by the operator,” to steal at least 12.1 million rubles, or about $150,000, in cryptocurrency. According to the company, the value of the “never-spent” digital assets peaked at about $1.5 million in January 2025.

“When a victim copies a Bitcoin or Ethereum address to make a payment, the funds are redirected,” said CrowdStrike, explaining the technique behind the theft.

According to CrowdStrike, the criminals behind Sality “lost the ability to communicate with infected machines” as a result of authorities’ efforts to disrupt the network. US officials and the company said Sality was used to steal crypto, while about 15,000 infected computers formed part of a peer-to-peer botnet that checked whether its systems were online every 40 minutes.

Related: A fake crypto job interview nearly installed malware on my computer

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Fairshake has entered the final stage of the 2026 U.S. election cycle with $122 million available after supporting nearly 50 winning candidates during the primaries.

Fairshake adds nearly 50 primary wins

According to reports on Wednesday, Fairshake supported nearly 50 successful primary candidates as the crypto industry-backed super PAC prepared to direct its remaining funds toward the November elections.

Among its latest wins, Democratic Representative Jake Auchincloss secured his party’s nomination in Massachusetts after receiving support from Protect Progress, Fairshake’s Democratic-focused affiliate. Protect Progress spent $189,527.60 on four mailers supporting the incumbent, according to Federal Election Commission disclosures cited in a recent crypto.news report on the Auchincloss primary win.

Although Auchincloss has voted for several pieces of crypto legislation, his record has not aligned with the industry on every issue. Stand With Crypto, the Coinbase-backed advocacy group, gives him a C grade, partly because he did not support the GENIUS Act stablecoin legislation last year.

His opponent, Jason Poulos, criticized the outside spending and alleged that some of the material used artificial intelligence. The FEC filing and materials released by Poulos did not show that Auchincloss or his campaign helped prepare the advertisements, while federal rules require super PAC expenditures to remain independent of the candidates they support.

Fairshake and its affiliates have also spent money defending seven members of Congress who have regularly supported digital asset legislation. At the same time, the network backed first-time candidates from both parties who could enter Congress next year.

In August, Fairshake affiliates added several Michigan and Washington victories after spending hundreds of thousands of dollars across the two states. Republican Representative Bill Huizenga received nearly $512,000 in support from Defend American Jobs, Fairshake’s Republican-focused affiliate, while Protect Progress backed Democratic Representatives Suzan DelBene, Kim Schrier and Marilyn Strickland.

Republican Senate candidates lead election odds

Fairshake’s most notable results have come from Republican Senate primaries, where it helped Barry Moore in Alabama, Andy Barr in Kentucky, Kevin Hern in Oklahoma, and Harriet Hageman in Wyoming secure their party nominations.

Hageman is running for the seat held by retiring Senator Cynthia Lummis, one of Congress’ most active supporters of cryptocurrency legislation. The Wyoming lawmaker has worked on digital asset tax, market structure, and Bitcoin-related proposals during her time in the Senate.

Prediction traders expect all four Fairshake-backed candidates to win in November. Polymarket contracts gave Moore a 99% probability of victory, Hern 97%, and Hageman 96% at the time of the report. A Kalshi market placed Barr’s odds near 94%.

Prediction-market prices represent traders’ expectations rather than guaranteed outcomes, and the figures can change as election conditions develop.

If elected, the four Republicans would arrive in the Senate while lawmakers are still working on the Digital Asset Market Clarity Act. The proposed legislation would divide oversight of parts of the U.S. digital asset market between the Securities and Exchange Commission and the Commodity Futures Trading Commission.

Control of Congress will also determine which lawmakers lead the House Financial Services, House Agriculture, Senate Banking, and Senate Agriculture committees. Each panel has jurisdiction over parts of U.S. crypto policy, including securities rules, commodities regulation, stablecoins, and market structure.

Fairshake spokesperson Geoff Vetter said the organization would continue its election activity after its primary results.

“With dozens of wins in House and Senate races across the country, and $122 million ready for the fall, we’re not slowing down.”

Most party nominees have already been selected, although primary contests remain in New Hampshire, Rhode Island, Delaware and Louisiana. The general election is scheduled for Nov. 3.

Illinois delivers Fairshake’s largest defeat

Despite its victories elsewhere, Fairshake failed to stop Illinois Lieutenant Governor Juliana Stratton from winning the Democratic nomination for the U.S. Senate.

The super PAC spent more than $10 million trying to defeat Stratton, making the Illinois contest its largest unsuccessful expenditure of the current election cycle. Stratton defeated a field that included Representatives Raja Krishnamoorthi and Robin Kelly in the race to succeed retiring Senator Dick Durbin.

Fairshake’s advertisements did not prevent Stratton from securing the nomination, and prediction models cited by the report expect her to enter the Senate next year. Illinois has consistently elected Democrats in statewide federal races, giving the party’s nominee an advantage over Republican nominee Don Tracy.

The result showed that high outside spending did not decide every primary. Consumer advocacy group Public Citizen previously calculated that crypto companies had contributed a record $189 million to the 2026 election cycle by the end of June, accounting for about 37% of corporate political contributions included in its analysis.

Public Citizen said Fairshake had spent more than $82 million during the cycle by that point. The organization’s network entered 2026 with approximately $193 million in cash, though the current $122 million figure represents funds available for the final election phase.

Coinbase, Ripple and Andreessen Horowitz remain the main financial supporters of Fairshake and its affiliated committees. The network divides much of its political work between Protect Progress, which supports Democrats, and Defend American Jobs, which concentrates on Republicans.

Rival crypto PACs trail Fairshake’s spending

Other digital asset-linked political groups have raised money during the election cycle but have not matched Fairshake’s activity.

Fellowship PAC, backed by Cantor Fitzgerald and Anchorage Digital, had previously indicated that it could spend $100 million. The committee received about $11 million, with most of the money coming from Cantor Fitzgerald.

The PAC supported a group made up mainly of Republicans and three Democrats, including Virginia Senator Mark Warner. Almost all its spending went to a political firm co-founded by Bo Hines, a former crypto adviser to President Donald Trump who later took charge of Tether’s U.S. operation.

Fellowship’s early connection to Tether created a campaign-finance issue because U.S. political committees cannot accept foreign funds. Rather than receiving money from the stablecoin issuer, the PAC obtained backing from Cantor Fitzgerald, the U.S. financial firm that manages part of Tether’s reserves. It remains unclear whether Fellowship will spend again during the general election.

Tyler and Cameron Winklevoss have separately backed the Digital Freedom Fund through a $21 million contribution from Winklevoss Capital. Kraken parent Payward added another $1 million, but the committee had not started supporting individual candidates at the time of the report.

Coinbase has launched crypto derivatives trading in Canada, giving eligible users access to perpetual and dated futures tied to Bitcoin (BTC), Ether (ETH), Solana (SOL) and other assets.

The products are offered through Coinbase Financial Markets, a futures commission merchant registered with the US Commodity Futures Trading Commission, which operates in Canada under foreign dealer and futures commission merchant exemptions.

Coinbase said Wednesday that the offering includes 23 crypto perpetual and dated futures, five commodity futures and the Coinbase 50 Index. The company said it is the first major crypto-native platform to offer direct native crypto futures in Canada.

Access is limited to eligible Canadian customers, including those with at least $5 million in net financial assets or registered investment advisers and dealers. The contracts use nano-sized positions and offer leverage of up to 10x.

Related: BlackRock launches 2 Canada ETFs, with one allocating 3% to Bitcoin

US trading platforms expand in Canada

The Coinbase launch comes as US trading platforms broaden their crypto offerings in Canada.

On Monday, US online brokerage Webull expanded crypto trading to Canadian customers using Coinbase’s infrastructure for trading and custody, adding digital assets alongside its existing stocks, ETFs and options offerings.

Webull cited rising adoption as one reason for the move, with crypto ownership in Canada climbing to 25% this year from 10% in 2023, according to Ontario Securities Commission research.

Robinhood entered the Canadian market in June through its $180 million acquisition of local crypto company WonderFi, gaining control of Canadian exchanges Bitbuy and Coinsquare. The deal also brought roughly 300,000 funded customers, along with WonderFi’s Canadian licenses and regulatory approvals, under Robinhood.

Robinhood entered Canada after completing its acquisition of WonderFi. Source: Vlad Tenev

The influx of trading platforms comes as Canada tightens oversight of other parts of the crypto market. In April, Ottawa proposed banning crypto ATMs over concerns about scams and money laundering, while lawmakers advanced legislation that would prohibit cryptocurrency donations to political parties and candidates.

Magazine: BTC will hit $1M by 2030… but Arthur Hayes is buying ETH instead

The US state of Wyoming is adding near-real-time onchain reserve verification to its state-issued Frontier Stable Token through an expanded integration with blockchain oracle network Chainlink.

The Wyoming Stable Token Commission said Wednesday it adopted Chainlink Proof of Reserve to publish verified data on FRNT’s reserves and token supply onchain. The system combines independent examinations by The Network Firm with Chainlink’s infrastructure to make the data available in near real time.

Wyoming already publishes daily reserve attestations for FRNT, while the GENIUS Act requires monthly disclosures of reserve composition and outstanding stablecoin supply. The commission said the integration will provide more timely visibility into changes in FRNT’s backing between reporting periods.

The commission is also working to adopt Chainlink’s Secure Mint feature, which would require verified reserves to equal or exceed FRNT’s total supply before new tokens can be minted.

FRNT, launched in January, is backed by US dollars and short-term US Treasurys, with interest income generated from its reserves deposited into Wyoming’s School Foundation Program.

The move comes about two weeks after Wyoming fully migrated FRNT from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol, making CCIP the token’s exclusive cross-chain infrastructure.

Related: Charles Schwab adda Solana, Avalanche and Chainlink to nascent crypto platform

Chainlink expands institutional footprint

Chainlink has picked up several integrations across tokenized equities, stablecoin settlement and traditional financial market infrastructure in recent months.

Most recently, Chainlink became the pricing-data provider for Coinbase’s B20 tokenized equities following their August launch on Base. The feeds cover stocks including Apple, Nvidia, Meta and Alphabet, allowing DeFi protocols to value the tokens for uses including lending, trading and collateral.

In June, Chainlink joined European and South Korean banking groups in Project Pangea, which is exploring the use of regulated euro- and won-denominated stablecoins for atomic foreign exchange settlement across the two regions.

Its push into traditional financial infrastructure has also included the Depository Trust and Clearing Corporation (DTCC), which said in May it would integrate Chainlink technology into a planned 24/7 platform for managing tokenized collateral. That month, Fidelity International also launched a tokenized liquidity fund using Chainlink and Sygnum infrastructure, with JPMorgan providing daily net asset value data for pricing.

Chainlink’s LINK token has gained more than 34% over the past month, trading at around $11.07 on Wednesday, according to CoinGecko data.

LINK has gained around 34% over the past month. Source: CoinGecko

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