Category: crypto
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SEC and CFTC seek united front on digital asset regulation with revival of advisory committee
The US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are considering a joint approach to regulating digital assets by reviving the CFTC-SEC Joint Advisory Committee (JAC). This initiative aims to address regulatory concerns, identify emerging financial risks, and streamline oversight to foster economic growth and market integrity.
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AlphaRising CPI data triggered specific selling among US traders Alpha 2 hours agoBitcoin price and Coinbase index suggest US traders preemptively braced for Fed's potential hawkish policy.
US traders reacted to AlphaRising CPI data by selling specific assets 2 hours ago. Bitcoin price and Coinbase index indicate traders are preparing for the Federal Reserve’s potentially hawkish policy by preemptively adjusting their positions.
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Mastercard tokenized 30% of its 2024 transactions per SEC filing
Mastercard reported that 30% of its transactions in 2024 were tokenized, highlighting its commitment to digital finance and acknowledging competition in the payments industry. The company emphasized the impact of technological advancements like blockchain and cybersecurity on payment systems, as well as the rise of stablecoins and cryptocurrencies as alternative payment methods. Mastercard is expanding…
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OpenSea announces upcoming SEA token amid OS2 open beta launch
OpenSea has launched its OS2 open beta platform and will release a token called SEA. The platform combines NFT and token trading, offers cross-chain purchasing with a 0.5% fee structure, and supports 14 chains. An XP system rewards activities and the user interface has been improved. The token claim process will be based on historical…
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Tether refutes JPMorgan’s suggestion it will sell Bitcoin to navigate regulation
Tether refuted JPMorgan analysts’ claims about its Bitcoin reserves and compliance with US stablecoin regulations. Tether confirmed it is monitoring developments and engaging with regulators. JPMorgan analysts suggested Tether may need to liquidate assets to comply with new laws. Tether dismissed concerns, stating it holds excess assets and is financially strong.
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Empowering emerging markets through tokenised US treasuries
In the article by Jesse Knutson, Head of Operations at Bitfinex Securities, it discusses the importance of access to the U.S. dollar for individuals and businesses in emerging economies. It highlights how stablecoins have provided a more efficient and accessible way to obtain the dollar compared to traditional banking institutions or the black market. The…
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Cboe seeks SEC approval for staking in 21Shares Ethereum ETF
The Cboe BZX Exchange has requested approval from the SEC to enable staking for the 21Shares Core Ethereum ETF, allowing investors to earn staking rewards. Despite regulatory hurdles, the proposal aims to enhance investor returns, track Ethereum’s performance, and optimize fund processes. Approval could set a precedent for other crypto ETFs.
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Metaplanet fuels Bitcoin ambitions with $26 million raise as it enters MSCI Japan Index
Japanese Bitcoin investment firm Metaplanet has raised $26 million through the issuance of zero-interest, unsecured bonds. The company plans to strengthen its Bitcoin reserves and transition to a Bitcoin-focused treasury model to hedge against economic instability. It aims to accumulate 10,000 BTC by 2025 and join the MSCI Japan Index in February 2025.
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JPMorgan increases crypto holdings via ETFs, but stays cautious at $1 million
JPMorgan reported $1 million in crypto exposure through ETFs in its recent 13F form, a significant increase from the previous quarter. The majority of this exposure is in Bitcoin, with some holdings in Bitwise and Franklin Templeton. JPMorgan reduced exposure to Grayscale BTC products but maintained its ETH exposure.
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CME Group hits record crypto trading volumes in Q4 amid rising institutional demand
CME Group reported record-breaking crypto trading volumes in Q4 2024, with an average daily volume of $10 billion in crypto futures and options. The momentum has continued into 2025, with January setting a new monthly record. CME plans to introduce options on micro Bitcoin futures. The surge in crypto derivatives trading reflects growing market confidence.