Coinbase Derivatives plans to launch margined futures contracts for Avalanche (AVAX), Chainlink (LINK), Polkadot (DOT), Stellar (XLM), and Shiba Inu (SHIB). On June 28, the service published an announcement and submitted filings to the CFTC to list each contract under a self-certification model. It intends to launch the products on July 15. Coinbase Derivatives said […]
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The US Treasury and IRS released final regulations defining the new reporting requirements for digital asset brokers on June 28. Crypto brokers, including exchanges, will need to report gross proceeds for crypto sales starting from 2026. This will include crypto sales during 2025. Furthermore, brokers will need to report information about the tax basis of […]
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Economist Timothy Peterson said the US Supreme Court’s decision to overturn Chevron will prevent the SEC from acting as an “automatic subject matter expert” on crypto on June 28. Chevron doctrine originated in a 1984 case titled Chevron v. Natural Resources Defense Council, which created a test to determine when US federal courts must defer […]
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Kaiko Research said Bitcoin’s (BTC) correlation with equities is rising, with a 90-day correlation rising to 0.17 last week after hitting a multi-year low of 0.01 in March. Meanwhile, Brazil experienced a significant rise in volume and is outpacing the dollar. Bitcoin’s 90-day correlation with equities rose to 0.17 the week of May 5, above […]
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OpenAI announced a new model, GPT-4o, which will soon allow real-time conversation with an AI assistant. In a May 13 demo, OpenAI members showed that the model can provide breathing feedback, tell a story, and help solve a math problem, among other applications. Head of Frontiers Research Mark Chen noted that, although users could previously […]
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Grayscale amended a regulatory filing through which it intends to convert its Ethereum Trust to a spot exchange-traded fund (ETF). The company’s March 15 amendment strengthens its earlier filing in multiple ways. The update supports the argument that surveillance sharing within the CME ETH market is sufficient to protect against fraud and manipulation in the […]
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Vanguard CEO Tim Buckley said Bitcoin needs to “change as an asset class” for the investment firm to consider it as a viable option and has no intention of changing its mind about spot Bitcoin ETFs until that happens. Buckley made the statement in a preview clip of an upcoming webcast posted on March 15. […]
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Binance spun off its $10 billion venture capital arm, Binance Labs, into an independent entity that will no longer be under the group’s purview months ago. Bloomberg drew attention to the silent change in a March 15 report, which revealed that Binance Labs had added a disclaimer about the change on its website earlier in […]
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MicroStrategy executive chairman Michael Saylor predicted that Bitcoin will “eat gold” in the coming months because it is a far superior asset in every way. The MicroStrategy chair made the statement during a CNBC interview on March 11, where he added that Bitcoin was not only superior to gold but all conventional assets, including real […]
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The Biden administration released its proposed budget for 2025 on March 11, which includes provisions to implement a series of regulatory measures targeting digital assets. The proposed rules are expected to generate nearly $10 billion in additional tax revenue by 2025. Closing loopholes The new budget proposals specifically target a loophole that has previously allowed […]
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Wyoming has passed a law recognizing blockchain-based decentralized autonomous organizations (DAOs) as legal entities. The bill — titled the Decentralized Unincorporated Nonprofit Association Act (DUNA) — was signed by the state’s Governor on March 7 and will be effective starting July 1. The full text of the bill does not explicitly name DAOs. Instead, it […]
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Worldcoin developer Tools for Humanity has filed a lawsuit to appeal Spain’s recent ban on its data collection and usage within the country for three months. Worldcoin said in a March 6 blog post that Spain’s regulators circumvented the regular process around EU GDPR rules by issuing their order, leaving it no choice but to […]
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The US Energy Information Administration (EIA) agreed to stop the emergency survey of Bitcoin miners as part of an agreement to end the lawsuit filed by several industry players, including the Texas Blockchain Council. According to the March 1 court filing, the EIA must destroy any survey information it has already received and information yet […]
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Crypto industry losses amounted to $67 million in February over 12 incidents, with hacks accounting for 97.54% of funds stolen, according to Immunefi’s latest crypto losses report. Meanwhile, the remaining 2.46% of the funds stolen were lost due to fraud. Despite the significant losses during the month, there was a notable decrease compared to January […]
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Bitcoin (BTC) surged 6% on Feb. 26 to a new two-year high of $54,910 after US markets began trading, an indication of rising interest in the flagship crypto from retail and institutional investors. Bitcoin was trading at roughly $54,650 as of press time, up 5.6% on a daily basis, with a market cap of $1.07 […]
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OpenAI published a blog post on Jan. 8 in which it responded to an ongoing lawsuit previously initiated by The New York Times. On Dec. 27, the newspaper alleged in a lawsuit that OpenAI violated copyright law and used millions of its articles to train automated chatbots. OpenAI, however, claims that The New York Times […]
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The U.S. Securities and Exchange Commission (SEC) began to publish notices of filing updates related to spot Bitcoin ETFs on Jan. 8. As of 10:45 p.m. UTC, the SEC’s national securities exchange page listed amendments to eight 19b-4 filings detailing proposed rule changes. Six of those updated filings concern proposed rule changes through which the […]
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The price of Bitcoin (BTC) surpassed $47,100 on Jan. 8 amidst expectations of spot Bitcoin ETF approvals over the coming days. Bitcoin was priced at $47,162 at 7:15 p.m. UTC. At the time, its market cap is roughly $918 billion. The latest high represents daily gains for Bitcoin and other top-ten crypto assets. Bitcoin (BTC) […]
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Kraken, facing charges from the U.S. Securities Exchange Commission (SEC), plans to fight and respond to the complaint in court, confirmed the company’s Chief Legal Officer (CLO), Marco Santori, in a conversation with CNBC on Nov. 30. Santori said: “The SEC alleges that … Kraken is a exchange clearing house and broker dealer for investment […]
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The U.S. Securities and Exchange Commission (SEC) met with Bitcoin ETF applicant Hashdex this week, according to a Nov. 29 memo from the agency. The discussion, which took place on Monday, Nov. 27., concerned a proposed rule change to allow NYSE Arca to list and trade shares of Hashdex’s Bitcoin ETF. According to the SEC […]
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The U.S. Securities and Exchange Commission (SEC) began to accept comments on Fidelity’s proposed spot Ethereum ETF through a Nov. 30 filing. That filing indicates that the securities agency is now soliciting comments on a proposed rule change from Cboe BZX. If approved, that rule change will allow the exchange to list and trade Fidelity’s […]
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Binance announced plans to delist Tornado Cash’s native token, TORN, on Nov. 27, closely coinciding with massive losses for the coin. The exchange announced plans to delist TORN on Nov. 27 at 6:00 PM UTC. This coincided with a sudden loss in value for the asset, which dropped from $3.90 to as low as $1.94 […]
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According to market data from YCharts on Nov. 24, the Grayscale Bitcoin Trust (GBTC) discount rate has narrowed to 8.06%. The “discount” refers to the situation where the Grayscale Bitcoin Trust (GBTC) shares are trading at a price lower than their underlying net asset value (NAV). GBTC began trading at a discount in early 2021, […]
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Grayscale submitted an updated filing for its pending spot Bitcoin ETF to the U.S. Securities and Exchange Commission (SEC) on Nov. 22. The filing in question is an amended S-3 prospectus, a type of registration form used by firms that have previously met other reporting requirements. Bloomberg ETF analyst James Seyffart suggested in an X […]
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The U.S. Department of the Treasury published its comments on settlements with Binance and related parties in a statement on Nov. 21. Secretary of the Treasury Janet Yellen said: “Binance turned a blind eye to its legal obligations in the pursuit of profit. Its willful failures allowed money to flow to terrorists, cybercriminals, and child […]
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Commissioner Hester Peirce of the U.S. Securities and Exchange Commission (SEC) commented on pending spot Bitcoin ETFs to Bloomberg on Nov. 22. Peirce said that, although she cannot comment on currently active ETF proposals, she is open to approving such a product. She said: “I’ve been very transparent that I’ve thought for many years now […]
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