Some of the reported trading activity and volume of prediction market platform Polymarket may be significantly higher than actual reality due to a “data bug,” according to a researcher at Paradigm. “It turns out almost every major dashboard has been double-counting Polymarket volume not related to wash trading,” said Storm, a researcher at the venture … Read more
Key takeaways MAS has expanded Ripple’s MPI license, allowing the company to offer a much wider range of regulated payment services and marking a notable regulatory milestone for the company’s operations in Singapore. Ripple first secured a full MPI license in 2023, enabling digital payment token services but limiting comprehensive end-to-end payment capabilities until the … Read more
The US Commodity Futures Trading Commission has issued updated guidance for tokenized collateral in derivatives markets, paving the way for a pilot program to test how cryptocurrencies can be used as collateral in derivatives markets. Collateral in derivatives markets serves as a security deposit, acting as a guarantee to ensure that a trader can cover … Read more
Crypto companies seeking a US federal bank charter should be treated no differently than other financial institutions, says Jonathan Gould, the head of the Office of the Comptroller of the Currency (OCC). Gould told a blockchain conference on Monday that some new charter applicants in the digital or fintech spaces could be seen as offering … Read more
International credit rating agency Fitch Ratings has warned that it may reassess US banks with “significant” cryptocurrency exposure negatively. In a report posted on Sunday, Fitch Ratings argued that while crypto integrations can boost fees, yields and efficiency, they also pose “reputational, liquidity, operational and compliance” risks for banks. “Stablecoin issuance, deposit tokenization and blockchain … Read more
Ripple’s $500 million raise in November marked a striking turn for a company once defined by its bruising, multiyear battle with the US Securities and Exchange Commission. As its legal challenges ease and Ripple pushes beyond cross-border payments toward a more ambitious crypto-native settlement stack, the company is repositioning itself in ways that are increasingly … Read more
US-based asset management company BlackRock has applied to list and trade shares of an investment vehicle tied to staked Ether, following its offering of other cryptocurrency products. In a Friday filing with the US Securities and Exchange Commission, BlackRock filed a Form S-1 registration statement for its iShares Staked Ethereum Trust exchange-traded fund. The filing … Read more
Key takeaways: Economic uncertainty, a delayed jobs report and weakness in the housing market are causing traders to retreat from Bitcoin. Pro traders are incurring high costs to protect against Bitcoin price drops, while in China, stablecoins are being sold at a discount to exit the crypto market. Bitcoin (BTC) faced a $2,650 pullback after … Read more
Michael Saylor, CEO of the world’s largest Bitcoin treasury holder, is pushing nation-states to develop Bitcoin-backed digital banking systems that offer high-yield, low-volatility accounts capable of attracting trillions of dollars in deposits. Speaking at the Bitcoin MENA event in Abu Dhabi, Saylor said countries could use overcollateralized Bitcoin (BTC) reserves and tokenized credit instruments to … Read more
Over the past two weeks, Bitcoin price repeatedly revisited the $90,000 range as retail investor sentiment improved, fund managers restated their bullish expectations for a potential end-of-year rally, and Strategy announced a sizable BTC purchase. According to VanEck head of digital asset research, Matthew Sigel, Bernstein wrote that “the Bitcoin cycle has broken the 4-year … Read more