Latest developments: Klein argued the Commodity Futures Trading Commission faces a dramatically larger mandate as lawmakers consider expanding its authority over digital assets. Klein recently joined Rebecca Rettig and Renato Mariotti on CoinDesk’s The Policy Protocol. Klein said the CFTC was originally created to oversee commodity futures markets and was not built for the scale…
As global trading trends race toward 24-hour, no-days-off markets, the U.S. Commodity Futures Trading Commission argued that it may be fine for the new blockchain-native players, but that expanded hours might not be appropriate for some of the traditional markets, the derivatives watchdog said in a Friday letter issued to the wide waterfront of firms…
The global rush to deploy autonomous AI agents across the internet, enterprise networks and consumer applications is creating a catastrophic security debt, according to the chief of blockchain security auditor Certik. While corporations ambitiously market these tools as productivity miracles, the crude reality is that it can be a very, very risky thing to do….
U.S. crypto firms can offer perpetual futures contracts, or “perps,” without running afoul of the U.S. Commodity Futures Trading Commission, according to the agency’s first approval allowing Kalshi to list and trade bitcoin perpetuals, the regulator said on Friday. The perp is a kind of derivative that allows the investor to speculate on future price…
Paxos Securities Settlement Company, LLC (PSSC) has received full registration to provide clearing and settlement services by the U.S. Securities and Exchange Commission (SEC). Stablecoin issuer Paxos said the regulatory milestone makes its subsidiary the first blockchain firm authorized to operate as a central securities depository (CSD) for traditional equities in the U.S., positioning it…
Bitcoin BTC$73,565.90 is stabilizing near $73,500, about 10% below its monthly high of $81,000. Data suggests the stall reflects a shortage of new buyers rather than a plethora of sellers. Risk assets broadly advanced after reports that U.S.-Iran negotiations could reopen the Strait of Hormuz, a vital oil passageway, lifted sentiment. “The expectations of a…
Prediction market Kalshi filed a federal lawsuit against a Minnesota bill to criminalize operating, hosting or promoting such a platform in the state starting Aug. 1. The filing follows a motion filed by the Commodity Futures Trading Commission (CFTC) on May 19, the day after the law was signed by Governor Tim Walz, arguing that…
A convergence of record highs in global stocks, oil at multi-month lows and a tentative U.S.-Iran ceasefire extension did little to buoy bitcoin BTC$73,680.22 prices. The largest token is still hovering near $73,000 after sliding nearly 6% on the week as institutional buyers wait on U.S. regulatory clarity rather than macro headlines. Ether (ETH) traded…
OKX Ventures, the investment arm of crypto exchange OKX, will invest KRW 80 billion ($53 million) for a 19.6% stake in South Korean cryptocurrency exchange Coinone, the companies announced Friday, marking one of the largest recent investments by a global crypto firm into Korea’s digital asset sector. Korea Investment & Securities (KIS), one of South…
XRP finally found buyers near the bottom of its range after spending much of May grinding lower, but the rebound hasn’t changed the broader setup yet. The move above $1.30 came with one of the strongest volume bursts in days, though price remains well below the levels that would signal a genuine trend reversal. News…
