The U.S. Securities and Exchange Commission ([SEC]) has issued new guidance that could significantly alter how broker-dealers treat certain stablecoins on their balance sheets. By allowing a standardized “2% haircut” on proprietary positions in eligible stablecoins, the agency is reshaping the regulatory…
Bitcoin ETFs Lose $166M as Five Week Outflows Near $4B Mark
Spot bitcoin ETFs are facing sustained withdrawal pressure, with a five-week streak of outflows now removing nearly $4 billion from the products. Despite the persistent redemptions, bitcoin’s price and broader crypto market capitalization have edged higher, exposing a split between fund flows and…
Ripple CEO expects clearer US crypto rules before month end
Ripple CEO Brad Garlinghouse now puts the odds of the long-discussed Clarity Act passing by the end of April at 90%. His latest comments reflect a growing belief within the crypto sector that U.S. lawmakers may soon deliver clearer rules for digital…
How is Bitcoin mining difficulty reacting to AI data shifts?
Bitcoin mining difficulty has surged to 144.4 trillion (T), marking a 15% rise and the steepest percentage increase since 2021. This adjustment comes after a period of volatility in both network activity and market conditions, highlighting how the system responds…
Will CME Group crypto futures trade all day from May 29?
CME Group is preparing to expand its presence in digital asset derivatives by introducing round-the-clock crypto futures trading on its CME Globex platform. The move, set to begin on May 29, comes as the exchange reports rapid growth in cryptocurrency futures…
Stablecoin adoption trends in the biggest African economies
Nigeria and South Africa, the biggest African economies, are emerging as major centres of demand for stablecoins, according to new survey data. A report based on responses from thousands of current and prospective crypto users indicates that these two countries are…
What did the Goldman Sachs CEO say about crypto regulation?
Goldman Sachs CEO David Solomon has aligned himself with senior U.S. officials calling for a clear regulatory framework for digital assets, criticizing crypto executives who resist pending legislation in Congress. Speaking at a crypto-focused event in Florida, Solomon backed efforts to…
Sui price slide contrasts with launch of new US Sui ETFs
The first exchange-traded funds tied to SUI have begun trading in the United States, marking a new stage of institutional access for the layer-1 blockchain. Fund managers Canary Capital and Grayscale have each brought products to market that track the network’s native…
US crypto owners anxious amid New IRS tax rules changes
New IRS tax rules targeting digital asset transactions are unsettling many U.S. crypto investors. A recent survey of 1,000 American holders of digital assets found that more than half worry they could be hit with an IRS tax penalty this…
Bitcoin treasury company Nakamoto sets deal at $107 million
Bitcoin treasury company Nakamoto has agreed to acquire BTC Inc and UTXO Management in an all-stock transaction valued at about $107.3 million, according to a Tuesday press release. The deal, which brings together a bitcoin-focused media and events group with a…