Crypto-friendly White House economic adviser Kevin Hassett has reportedly emerged as a top candidate for the next Federal Reserve chair, replacing Jerome Powell when his tenure is up in May. President Donald Trump’s advisers and backers see Hassett as the frontrunner to take over as Fed chair, as he’s expressed sympathy with Trump’s desire to … Read more
Trading platform Robinhood says prediction markets have emerged as one of its fastest-growing product lines in terms of revenue, and is now set to expand its business with a futures and derivatives exchange and clearinghouse. Since launching its prediction markets in March in partnership with prediction market platform Kalshi, nine billion contracts have been traded … Read more
The pain may not be over yet for Bitcoin investors, according to one crypto analyst, arguing that there’s still more leverage that could be flushed out. Crypto analyst James Check described the recent market meltdown as a “2-sigma long liquidation event,” which wiped out a “chunk of degen gamblers.” Most of the leverage is gone, … Read more
The pain may not be over yet for Bitcoin investors, according to one crypto analyst, arguing that there’s still more leverage that could be flushed out. Crypto analyst James Check described the recent market meltdown as a “2-sigma long liquidation event,” which wiped out a “chunk of degen gamblers.” Most of the leverage is gone, … Read more
Decentralized finance (DeFi) may only be years away from mainstream adoption, according to Chainlink co-founder Sergey Nazarov. However, significant regulatory and institutional hurdles must still be cleared before it can achieve global scale. “I think we’re about 30% of the way there,” Nazarov said during an interview with MN Capital founder Michael van de Poppe … Read more
The Texas state government has made a major Bitcoin move, snapping up $5 million worth of shares in BlackRock’s spot Bitcoin exchange-traded fund, with another $5 million lined up for a self-custodied Bitcoin buy. The government made the purchase on Nov. 20, with the move highlighted via X on Tuesday by Lee Bratcher, president of … Read more
The South African Reserve Bank issued its second financial stability report for 2025, identifying digital assets and stablecoins as a new risk as the number of users in the country continues to grow. In a report released on Tuesday, South Africa’s central bank identified “crypto assets and stablecoins” as a new risk for technology-enabled financial … Read more
Today in crypto: Polymarket received approval to operate an intermediated trading platform in the United States. The United Arab Emirates introduced a new financial law bringing crypto under regulatory oversight, and crypto projects saw their second-best quarter of venture capital funding since Q3 2022. Polymarket wins regulatory approval to operate US trading platform Prediction platform … Read more
Caroline Pham, acting chair of the US Commodity Futures Trading Commission, called for nominations of CEOs to fill seats on a council to discuss policies, including those related to digital assets. In a Tuesday notice, Pham said the CFTC would be accepting submissions until Dec. 8 for a “CEO Innovation Council,” referencing the regulator’s previous … Read more
Today in crypto: Polymarket received approval to operate an intermediated trading platform in the United States. The United Arab Emirates introduced a new financial law bringing crypto under regulatory oversight, and crypto projects saw their second-best quarter of venture capital funding since Q3 2022. Polymarket wins regulatory approval to operate US trading platform Prediction platform … Read more