U.S. Senator Cynthia Lummis, a lawmaker at the center of negotiations over the crypto industry’s main policy goal of passing a market structure bill, said negotiations are likely to have reached the necessary compromises to advance the legislation. “We think we’ve got it,” Lummis, the chairman of the Senate Banking Committee’s digital assets subcommittee, said […]
‘We think we’ve got it’ Read More »
S&P Dow Jones Indices announced Wednesday that it is bringing the S&P 500 to the blockchain via the Hyperliquid platform, making it easier for investors to trade the most-tracked stock index 24 hours a day. The company said it licensed its flagship stock index for trading[XYZ]which is launching the first officially authorized S&P 500 perpetual
American Bitcoin (ABTC), a mining and finance company linked to the Trump family, now has more bitcoin BTC$74,191.24 than Mike Novogratz’s Galaxy Digital (GLXY). The company owns 6,899 BTC, worth about $491 million, passing Galaxy’s 6,894 BTC to become the 16th largest public holder of the asset, according to data from BitcoinTreasuries.net. The shift highlights
American Bitcoin (ABTC) bitcoin stack rises to 6,889 BTC coins Read More »
Changpeng “CZ” Zhao embraced a chance to distance himself from recent allegations against Binance that it has been involved in handling transactions that potentially enabled the financing of terrorism in Iran. “I have no interest in doing that,” said the founder and former CEO of the exchange, who agreed to leave his company under a
Former Binance CEO CZ denies allegations of Iran, terror ties Read More »
Prediction market platform Polymarket announced on Wednesday the acquisition of Brahma, a financial infrastructure company that built real-time execution and settlement systems for high-volume digital asset and fintech transactions. “[Brahma has] has quickly become an industry leader in building and developing programmable systems across blockchain, trade execution and payments,” Polymarket said in an emailed press
Polymarket captures Brahma as competition in the prediction market heats up Read More »
Losing a race is unusual for the crypto industry’s political action committee, Fairshake, which has posted a dominant record in the past two congressional elections. But the Illinois primary this week saw its biggest setback ever, and it will likely end with a new member of the Senate next year being someone the PAC spent
The US Securities and Exchange Commission (SEC) on Wednesday approved Nasdaq’s proposal to allow certain securities to trade in tokenized form, a key milestone for integrating blockchain technology into US stock markets. Nasdaq’s tokenization plan is linked to a pilot run by the Depository Trust Company (DTC), which will handle the clearing and settlement of
SEC approves Nasdaq’s move to allow tokenized securities trading Read More »
Bitcoin BTC$70,954.25 fell below $71,000 on Wednesday as Federal Reserve Chairman Jerome Powell flagged rising oil prices amid the war in Iran as a new inflation risk. The Fed kept interest rates steady as expected, but during his post-meeting press conference, Powell acknowledged that the recent rise in energy prices is already weighing on the
BTC Extends Losses After Fed Pause, Powell Press Conference Read More »
FTX Recovery Trust announced Wednesday that it will distribute about $2.2 billion to creditors on March 31 as part of its ongoing bankruptcy recovery process, with additional payments to preferred stockholders planned later this year. The payout marks the fourth distribution under FTX’s Chapter 11 reorganization plan and will go to creditors in both “Convenience”
The bankrupt stock exchange FTX must repay $2.2 billion to creditors this month Read More »
The Federal Reserve held its benchmark fed funds rate range steady at 3.50%-3.75% on Wednesday as expected. Down nearly 4% ahead of the expected decision following a surge in oil prices and poor inflation data earlier on Wednesday, bitcoin remained markedly lower at $71,600 in the moments after the news. US stocks remain lower for
BTC remains sharply down while the Fed remains on hold Read More »
