**Crypto News Flash: Key Developments in the Crypto World**
**Bitfarms and Riot Platforms Resolve Dispute**
- Bitfarms and Riot Platforms have settled their conflict, with Riot withdrawing its proposals and supporting board expansion.
- Amy Freedman and another member join the board, while Andrés Finkielsztain steps down.
- Both companies agree to a standstill arrangement until 2026, preventing further hostile actions.
**BNY Mellon Nears Crypto Custody for ETFs**
- BNY Mellon is close to offering Bitcoin and Ether custody services for ETF clients.
- The SEC has eased its stance on crypto accounting rules, exempting BNY Mellon from recording crypto assets as liabilities.
- Other financial institutions may also benefit from this relief.
**BlackRockâs Bitcoin ETF Update**
- BlackRockâs Bitcoin ETF now requires Coinbase to process withdrawals within 12 hours.
- This move addresses investor concerns about Coinbaseâs onchain settlement practices.
- Coinbase is the custodian for multiple Bitcoin and Ether ETFs in the US.
**PayPal Expands Crypto Services to Business Accounts**
- PayPal now allows US business accounts to buy, sell, and trade cryptocurrencies.
- This feature excludes New York and aims to meet growing merchant demand for crypto services.
- PayPal has been offering crypto functionalities to retail customers since 2020.
**Terraform Labs Faces Product Shutdowns**
- Terraform Labs plans to shut down several products and services by Oct. 30 unless third parties take over.
- This decision follows the companyâs settlement with the SEC in June 2023.
- The community is urged to take responsibility for some services, with ongoing discussions yet to yield results.
Stay tuned for more updates in the ever-evolving world of crypto!