US Securities and Exchange Commission (SEC) Commissioner Hester Peirce said regulators should avoid micromanaging markets and consider simplifying disclosure requirements as discussions around tokenized securities continue. Peirce, often referred to as “Crypto Mom” for her generally supportive stance toward the digital asset industry, made the remarks Thursday during a speech to the SEC’s Investor Advisory…
Read more
The United States Senate voted on Thursday to include an amendment in the 21st Century Road to Housing Act that would prohibit the Federal Reserve from issuing a central bank digital currency (CBDC). The CBDC prohibition will remain in effect until Dec. 31, 2030, according to the amendment in the bill. The legislation, which passed…
Read more
A federal court in Alabama has granted a motion to dismiss a 2024 complaint filed against Binance, its separate US entity Binance.US and former Binance CEO Changpeng “CZ” Zhao over allegations that the cryptocurrency exchange facilitated transferring funds to terrorist groups. In a Wednesday order, US District Court for the Middle District of Alabama Magistrate…
Read more
Bitcoin (BTC) failed to break beyond $71,000 on Thursday, partially driven by the decline in the US stock market, with BTC funding rates dropping deeper into negative territory. Key takeaways: Bitcoin bears show high conviction as funding rates drop, but steady institutional buying keeps sellers in check. Gold and government bond yields are rising, making…
Read more
Executives at Coinbase have denied allegations that the crypto exchange is blocking a de minimis tax exemption for Bitcoin (BTC) transactions below a certain threshold to push for stablecoin tax exemptions. Several Bitcoin advocates speculated on social media that the exchange told US lawmakers that a BTC tax exemption is not needed because BTC is…
Read more
There is a growing risk that a looming crisis in the private credit market, fueled by rising redemptions and defaults, could spill over into Bitcoin (BTC) and crypto markets, according to analysts. Key takeaways: The $2 trillion private credit sector faces a crisis from defaults, redemptions, and limited oversight. A liquidity crunch may force investors…
Read more
“This ends today,“ said CFTC Chair Michael Selig, who has been reiterating his position that the agency has exclusive jurisdiction overseeing prediction markets platforms. Michael Selig, chair of the US Commodity Futures Trading Commission (CFTC), has proposed a rule that could amend or issue new regulations over event contracts on prediction markets platforms like Kalshi…
Read more
Bitcoin’s (BTC) long-term price trend against gold shows a bullish shift after retracing to a level previously seen in 2017, 2022, and 2023. The potential trend change appears alongside what analysts describe as an “opportunity within risk.” BTC–gold ratio shows bullish divergence MN Capital founder Michaël van de Poppe noted that the Bitcoin-to-gold ratio is…
Read more
US investment manager Ark Invest claims that the lion’s share of the Bitcoin supply is already safe from the quantum computing breakthrough, leaving ample warning signals for builders to quantum-proof the rest of the supply. Around 65.4% of the Bitcoin (BTC) supply is not vulnerable to the threat of a quantum computing breakthrough, but about…
Read more
Bitcoin (BTC) circled $70,000 into Thursday’s Wall Street open after US jobs data matched expectations. Key points: Bitcoin shrugs off more US macro data as jobless claims copy flat CPI numbers. Oil stays volatile, while markets ignore almost any chance of a March interest-rate cut. BTC price action stays indecisive around the $70,000 mark. Bitcoin…
Read more