Bitcoin reversed last week’s advance over a volatile weekend, as escalating tensions between the United States and Iran drove traders out of risk positions. The largest cryptocurrency slid to $69,192 on Sunday morning, erasing its recent gains in a move tied…
Why does CFTC allow only some crypto assets as collateral?
The US Commodity Futures Trading Commission (CFTC) has released further guidance on how crypto assets may serve as collateral in derivatives markets, expanding on a pilot initiative the agency launched last year. In a notice issued on Friday, the CFTC’s…
Can South Korea still cancel the planned 22% crypto tax?
A new political proposal in South Korea has put the spotlight back on how the country will tax digital assets. A bill submitted by the main opposition People Power Party seeks to eliminate the local tax on cryptocurrency gains that…
FTX lines up $2.2 billion payment for creditors in March
The estate of collapsed crypto exchange FTX plans to distribute approximately $2.2 billion to creditors on March 31, according to a statement from FTX Recovery Trust. The upcoming payment forms part of the ongoing Chapter 11 bankruptcy process and follows…
What does new SEC and CFTC crypto guidance mean for ETFs?
The SEC and CFTC have jointly set out a new approach to digital assets, declaring that most crypto tokens do not fall under U.S. securities rules. Their move arrives as bitcoin trades near a crucial technical level ahead of the…
Metaplanet Raises $255M to Expand Its Bitcoin Treasury Plan
Tokyo-based metaplanet has secured roughly $255 million from overseas institutional investors through a new share sale, reinforcing its strategy of rapidly growing its bitcoin holdings. The transaction, which includes both equity and warrants, is structured to support the company’s long-term accumulation…
Strategy adds $1.57B in Bitcoin and lifts holdings to 761K
Michael Saylor’s strategy for expanding corporate Bitcoin holdings intensified last week, as Strategy, the largest publicly traded Bitcoin holder, completed one of its biggest single-week purchases to date. A new filing with the US Securities and Exchange Commission shows the…
Will Australia Senate Back New Crypto Rules for Firms Now?
The australia senate has released a committee report supporting new laws to bring digital-asset platforms and custody providers under the country’s existing financial-services system. The findings from the Senate Economics Legislation Committee endorse a bill that would extend established licensing,…
Circle moves past $2B in tokenized Treasury market share now
The expanding market for tokenized U.S. Treasuries has seen a shift in leadership, with circle now overseeing the largest pool of on-chain Treasury exposure. Data from RWA.xyz show that its USYC token has grown rapidly in recent months, altering the…
2 Firms Tied To $800M Crypto Laundering For North Korea
U.S. authorities are tightening their focus on crypto laundering as a key source of funding for North Korea’s weapons programs. The Treasury Department has announced sanctions on individuals and entities accused of helping the Democratic People’s Republic of Korea (DPRK)…