The commission gave itself an additional 60 days to consider the listing of ARK 21Shares’ investment vehicle on the Cboe BZX Exchange, with a final deadline set for Jan. 10. The United States Securities and Exchange Commission (SEC) is taking the maximum time allowed for the regulator to reach a decision on a spot Bitcoin...Continue Reading

The members of the House Financial Services Committee are expected to question Gary Gensler during a Sept. 27 hearing on SEC oversight. Four members of the United States Congress are requesting Securities and Exchange Commission (SEC) chair Gary Gensler “immediately” approve the listing of spot Bitcoin (BTC) exchange-traded funds, or ETFs. In a Sept. 26...Continue Reading

Central bank digital currencies (CBDCs) could confer economic benefits if governments don’t use them to cannibalize the commercial banking industry. Central Bank Digital Currencies (CBDCs) have become well-established as a major talking point in the academic mainstream and geopolitics — not to mention the crypto community and its rowdy public discourse on X. While national...Continue Reading

Ripple’s newest head of U.S. public policy previously worked in similar roles at Softbank Group, Zoom, and Lyft following six years in government. Lauren Belive, a former official with the White House’s Office of Legislative Affairs and policy director with the United States House Committee on Rules, has joined crypto firm Ripple as its head...Continue Reading

The amendments tackle arguments made by the SEC against the use of the CME BTC futures market for surveillance sharing. Bitwise Asset Management has filed an amended application for a spot Bitcoin exchange-traded fund (ETF), beefing it up with 40 pages of new text responding to the United States Securities and Exchange Commission’s (SEC) objections...Continue Reading

The EURC stablecoin (formerly EUROC) is now available on Stellar in addition to Ethereum and Avalanche. Stablecoin issuer Circle has launched a Stellar network version of its euro-backed stablecoin, EURC, according to a Sept. 26 announcement. EURC was previously only available on the Ethereum and Avalanche networks. Hello Europe meet our new friend EURC on...Continue Reading

An intriguing chart shows a close relationship between U.S. 10-year Treasurys and Bitcoin halving price rallies. The relationship between Bitcoin’s price and U.S. Treasury yields has long been considered a strong indicator due to historical data and the underlying rationale. Bitcoin halvings vs. 10-year Treasury yields In essence, when investors turn to government-issued bonds for...Continue Reading

Launched in May, the Gemini Gurgaon Hub has since added over 70 staff. Cryptocurrency exchange Gemini is allocating 2 billion rupees ($24 million) for its expansion in India. According to the Sept. 26 announcement, the funds will be used to grow Gemini’s development center in Gurgaon. The exchange said:  “Our teams based in Gurgaon will...Continue Reading

The report compares stablecoins to money market funds and ultimately concludes they have similar shortcomings. The Federal Reserve Banks of Boston and New York published a staff report on Sep. 26 comparing stablecoins, such as USDT and USDC, to money market funds. Key findings in the report include the observation that stablecoins and money market...Continue Reading

An ETH wallet tied to Mexican national Mario Alberto Jimenez Castro was allegedly used for illicit fentanyl sales in the United States. The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury has added a crypto wallet allegedly connected to a major international crime syndicate to its list of Specially...Continue Reading