OpenSea Receives Wells Notice From SEC

• OpenSea receives a Wells notice from the SEC.

• Starknet introduces support for parallel execution.

• Centrifuge launches an RWA lending market.

• Fluidkey releases its private transactions tool.

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OpenSea announced that it has received a Wells notice from the SEC, alleging that NFT asset listings on the platform are securities. A Wells notice signals the SEC's intent to initiate enforcement action against the company. OpenSea co-founder Devin Finzer says the action stifles innovation and affects thousands of artists and creators. The action represents one of the first instances of the SEC targeting an NFT marketplace. NFTs are typically regarded as collectibles, digital art, and game items. In response to the letter, OpenSea has committed $5 million to a fund aimed at covering legal fees for NFT artists and developers who also receive a Wells notice.

Starknet v0.13.2 is now live on mainnet, introducing parallel execution and block packing to the network. Parallel execution allows multiple independent transactions to be processed simultaneously, enhancing throughput and reducing transaction confirmation times. Block packing decouples L2 block frequency from L1 costs by merging multiple L2 blocks into a single recursive proof. The feature enables 2-second transaction confirmations and sub-minute block times while optimizing gas usage, cutting L1 gas costs by up to 66%. Starknet is currently the fourth-largest ZK rollup by total value locked (TVL).

Centrifuge, an onchain credit protocol, launched an institutional RWA lending market on Base, powered by the Morpho Protocol. The market enables investors to deposit treasury tokens into permissioned Morpho Vaults, managed by Steakhouse Financial and Re7 Labs, and subsequently take out loans against their collateral. The supported assets include Anemoy’s Liquid Treasury Fund (LTF), Midas’s Short Term US Treasuries (mTBILL), and Hashnote’s US Yield Coin (USYC). The market also features an integration with Coinbase Verifications, allowing Coinbase users to easily self-attest their KYC status with a single click.

Fluidkey, a transaction privacy tooling provider, is now available to all users. Fluidkey provides a privacy-focused smart account that automatically generates a new address and reroutes funds for each payment made to the primary address. All generated addresses remain under the user's exclusive control without being publicly linked. Fluidkey supports transactions across Ethereum, Arbitrum, Polygon, Base, and OP Mainnet.

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