GameStop SEC Filing Highlights Coinbase Custody Liquidation Risk For Bitcoin Holdings
TL;DR GameStop’s Form 10-Q includes digital asset custody risk disclosures. The filing discusses circumstances in which a custodian may liquidate or retain custody assets under default or insolvency-related events. The issue should be framed as a risk disclosure, not as a current liquidation threat. GameStop Discloses Digital Asset Custody Risks GameStop’s latest Form 10-Q filing…
CFTC Staff No-Action Letter Opens Path For True Digital Commodity Perpetuals
TL;DR CFTC staff issued no-action guidance related to digital commodity perpetual futures. The relief applies to CFTC-registered designated contract markets, not offshore unregulated exchanges. The guidance could help domestic venues convert perpetual-style products into true perpetuals under conditions. CFTC Gives Domestic Venues A Perpetuals Path CFTC staff guidance has opened a path for registered Designated…
SEC Proposes Reg NMS Rule Changes That Could Affect Tokenized Stock Trading
TL;DR The SEC proposed rescinding Regulation NMS Rules 611 and 610e. The proposal is aimed at modernizing equity market structure. The change could have implications for tokenized securities and automated execution models, but it is not final. SEC Targets Market-Structure Rules The US Securities and Exchange Commission has proposed rescinding Rules 611 and 610e of…
Morpho Secures $175 Million Round Led By Paradigm, a16z And Ribbit
TL;DR Morpho raised $175 million in a new financing round. The round was co-led by Paradigm, a16z crypto, and Ribbit Capital. The raise strengthens the institutional funding narrative around DeFi lending infrastructure. We’ve just raised $175M in a round co-led by @paradigm, @a16zcrypto, and @RibbitCapital. And this is the largest raise in DeFi history.The current…
Coinbase Derivatives To Launch 24/7 Gold And Silver Futures For US Traders
TL;DR Coinbase Derivatives announced 24/7 gold and silver futures contracts for US traders. The products are positioned as regulated commodities exposure through Coinbase’s derivatives arm. Coinbase also indicated that oil futures are planned as a later expansion. Coinbase Pushes Further Into Regulated Futures Coinbase Derivatives is expanding its regulated futures lineup with 24/7 gold and…
Spot Bitcoin ETFs Snap Five-Day Outflow Streak With $85.8 Million Inflows
TL;DR Spot Bitcoin ETF products returned to net inflows after five straight days of outflows. The reported Friday total was $85.8 million in net positive flows. Ethereum ETFs remained under pressure, with a reported $4.95 million daily net outflow. BULLISH: $85 MILLION IN INFLOWS FINALLY FLIPS BITCOIN ETFS POSITIVEBitcoin ETFs posted its first substantial net…
Bitcoin Price Reclaims $65,000 With Conviction—Is A Bigger Rally Next?
Bitcoin price started a fresh increase and cleared the $64,500 zone. BTC is consolidating and might aim for more gains above the $66,200 level. Bitcoin managed to stay above $62,500 and started a fresh increase. The price is trading above $64,500 and the 100 hourly simple moving average. There is a bullish trend line forming…
Ethereum Price Rebound Gains Traction After Clearing Key Hurdles
Ethereum price started a fresh increase and remained stable above $1,680. ETH is now correcting gains and might continue higher if it clears $1,750. Ethereum started a decent upward move above the $1,620 resistance. The price is trading above $1,680 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support…
XRP Price Next Chapter Could Be A Strong Move To The Upside
XRP price started a steady increase above $1.1650. The price is now consolidating gains and might aim for more gains above the $1.20 zone. XRP price started a steady increase above the $1.150 zone. The price is now trading above $1.160 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with…
Kraken Enables USDCx Deposits And Withdrawals On Canton Network
TL;DR Kraken has enabled deposits and withdrawals of USDCx on Canton Network. USDCx is backed 1:1 by USDC held in Circle’s xReserve, according to Kraken. Canton is built for regulated financial institutions and tokenized real-world asset workflows. Kraken Adds Canton Network Support For USDCx Kraken has enabled deposits and withdrawals of USDCx on the Canton…