Zodia Custody, the digital asset custody firm backed by Standard Chartered, has dissolved its joint venture with Japan’s SBI Holdings two years after launching the initiative. The venture, known as SBI Zodia Custody, was 51% owned by SBI and 49% by Zodia Custody. According to its website, the project aimed to replicate institutional-grade custodial services…
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US Securities and Exchange Commission (SEC) Chair Paul Atkins said that “most crypto tokens are not securities,” while outlining a sweeping plan to integrate crypto activities like trading, lending and staking under a unified regulatory framework. “It is a new day at the SEC,” Atkins said during a keynote address at the Organization for Economic…
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Spot Ether exchange-traded funds (ETFs) recorded over $1.04 billion in net outflows across six consecutive trading days, as investors pulled back in response to growing macro uncertainty and fading confidence in rate-cut tailwinds. On Monday, Ether (ETH) ETFs saw a net outflow of $96.7 million, led by BlackRock’s ETHA, which recorded $192.7 million in withdrawals.…
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Tether CEO Paolo Ardoino has denied recent rumors that the stablecoin issuer is offloading its Bitcoin holdings to buy gold. In a Sunday post on X, Ardoino said the company “didn’t sell any Bitcoin,” and reaffirmed its strategy of allocating profits into assets like “Bitcoin, gold, and land.” The comments came in response to speculation…
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A crypto developer has accused World Liberty Financial (WLFI), a crypto project with ties to US President Donald Trump, of stealing his funds by refusing to unlock his tokens. In a Saturday post on X, Polygon DevRel Bruno Skvorc shared an email from WLFI’s compliance team, which flagged his wallet address as “high risk” due…
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The US Senate updated its crypto market structure bill on Friday, adding a key provision to clarify how tokenized assets are regulated. The new clause would ensure that stocks and other securities remain classified as securities when tokenized on a blockchain, avoiding potential confusion over whether they should fall under commodities regulation. The distinction is…
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Outgoing Commodity Futures Trading Commission (CFTC) Commissioner Kristin N. Johnson warned that prediction markets pose increasing risks to retail investors. She cited a lack of oversight and regulatory clarity as primary concerns. In her farewell public address on Wednesday, Johnson voiced concern that some market participants are offering leveraged prediction market contracts to retail investors…
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A proposal submitted to the US Securities and Exchange Commission’s (SEC) Crypto Assets Task Force warned that quantum computing could shatter the cryptographic foundations of Bitcoin, Ethereum, and the broader digital asset ecosystem unless safeguards are implemented. A written submission to the task force titled the Post-Quantum Financial Infrastructure Framework (PQFIF), was authored by Daniel…
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US Bancorp has reentered the crypto space by relaunching its digital asset custody services aimed at institutional investment managers. US Bancorp’s reentry follows a regulatory shift under President Donald Trump’s current administration, which rolled back a previous SEC rule that had forced banks to hold capital on their balance sheet for crypto-related activities, according to…
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Spot Bitcoin exchange-traded funds (ETFs) recorded $332.7 million in net inflows on Tuesday, outpacing their Ethereum counterparts, which saw $135.3 million in net outflows, according to data from SoSoValue. Fidelity’s FBTC led the surge, attracting $132.7 million, followed by BlackRock’s IBIT with $72.8 million. Additional inflows were reported across other major issuers, including Grayscale, Ark…
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