Court Hands CFTC Fresh Power Over Crypto Derivatives The D.C. Circuit just told the CFTC it can police any digital-asset swap that touches U.S. persons, even when the trade happens offshore. Trevor Kitchen, a crypto trader, had argued the agency had no authority over his foreign-based derivatives; the three-judge panel disagreed in a ruling that…
Consensys Splits MetaMask From Institutional Blockchain Operations Consensys is restructuring to separate MetaMask’s consumer-facing business from its Ethereum protocols and institutional blockchain infrastructure operations. The move could give each division a clearer strategy as crypto matures beyond retail wallets and speculative trading. The restructuring centers on two distinct businesses: MetaMask, which serves everyday crypto users,…
Bitcoin risk management grows more popular as the “just bet on price” era fades Bitcoin market participants are placing greater emphasis on risk management, marking a shift away from strategies focused solely on predicting price movements. The change reflects a broader view of Bitcoin exposure as something that requires structured planning. Instead of relying only…
Tether and Fasanara Launch $400 Million Credit Fund Tether and Fasanara Capital are launching a $400 million evergreen private credit fund aimed at asset-backed lending through fintech platforms in more than 60 countries. The vehicle could eventually target $3 billion, putting stablecoin infrastructure closer to mainstream business financing. The fund will use USDT infrastructure to…
XRP Ledger bug fix moved to November after validator support dipped for two hours A planned XRP Ledger (XRPL) bug fix will now activate in early November after a brief drop in validator support reset the network’s required approval countdown less than two days before the change was set to go live. The amendment, known…
China seeks to seize 61,800 BTC tied to $5.7 billion fraud scheme Chinese authorities are seeking to seize approximately 61,800 bitcoin linked to a fraud scheme valued at about $5.7 billion. The case highlights the growing role of cryptocurrency in major financial investigations. Bitcoin can be transferred across borders and held through digital wallets, but…
TRM Labs Doubles Valuation as Crypto Intelligence Demand Surges Blockchain intelligence firm TRM Labs has reportedly reached a $2 billion valuation in a Series C expansion, while its annual recurring revenue has quadrupled over the past three years. The jump signals growing demand for AI-powered tools that help institutions, exchanges, and regulators investigate crypto activity….
OCC final rule resets review of stablecoin rewards as GENIUS Act yield ban takes shape The U.S. Office of the Comptroller of the Currency (OCC) has issued a final rule implementing parts of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, becoming the first federal banking regulator to finalize regulations under the…
Court Slams Brakes on SEC’s Crypto Crackdown The Fifth Circuit just handed the SEC a stinging defeat, ruling the agency cannot drag Coinbase into court without first proving it actually violated securities laws. This isn’t just a procedural win—it’s a direct blow to the SEC’s strategy of using enforcement actions as de facto regulation. The…
Trump to spotlight overseas crypto scams at White House cybercrime event President Donald Trump is set to use a White House event on Wednesday focused on cybercrime prevention to highlight his administration’s efforts to pursue foreign criminal networks that target Americans with fraudulent crypto investment schemes, according to a White House official. The session is…
Court Orders Envy Blockchain to Face Texas Fraud Suit Texas appeals court refuses to shield Envy Blockchain and its principals from a civil fraud action, forcing the crypto mining startup and its officers to defend claims that they misled investors about equipment and profits. The ruling keeps the case alive in state court and signals…
Musk’s SpaceX Earnings Rocket Higher as Bitcoin Stash Holds Firm SpaceX reported stronger earnings, while the company’s Bitcoin holdings remained unchanged, according to the information provided. The two developments highlight the contrast between SpaceX’s operating performance and its digital-asset position. Higher earnings point to improved financial results for the aerospace company, while the decision to…
COURT GUTS SEC’S CASE AGAINST COINBASE The Third Circuit just yanked the rug out from under the SEC’s attempt to police crypto exchanges like traditional brokerages. In a stinging rebuke, the court ruled that the Commission overstepped its statutory authority when it denied Coinbase’s petition for a rulemaking on digital assets. The decision doesn’t just…
Sam Altman’s World Takes Proof-of-Human IDs to Banks, Citing $40B AI Fraud Risk Sam Altman’s World is taking its proof-of-human identity system to banks, citing the risk that artificial intelligence could contribute to as much as $40 billion in fraud. The move places World’s identity technology in the financial sector, where institutions are seeking ways…
Microsoft, Alphabet, Goldman Sachs Join Growing List of Companies Objecting to Tokenized Stocks Microsoft, Google parent Alphabet, and Goldman Sachs are among seven additional companies that have formally objected to having tokenized versions of their shares traded on OKXICE, a planned tokenized stock trading venue being developed by crypto exchange OKX and Intercontinental Exchange (ICE),…
SEC Shuts Down Bilzerian’s Last Attempt to Dodge 2001 Ban A federal judge just slammed the door on Paul Bilzerian’s latest attempt to escape a 23-year-old injunction that bars him from ever launching another securities deal. The ruling keeps the old SEC enforcement alive, but it also shows that the Commission still has the appetite…
JPMorgan’s JPM Coin Arrives on Ethereum, Putting Bank Dollars on a Public Blockchain JPMorgan’s JPM Coin has arrived on Ethereum, bringing the bank’s digital dollar system to a public blockchain. The move places bank-issued dollars on infrastructure that can be accessed and verified publicly, rather than limiting the system to a private network. JPM Coin…
COURT HANDS SEC PARTIAL VICTORY ON CRYPTO JURISDICTION The Fifth Circuit just narrowed the SEC’s reach over crypto platforms that merely route orders to offshore exchanges, yet left the agency’s core enforcement power intact. The April 17, 2025 ruling in case 23-11237 simultaneously limits and legitimizes SEC authority, ensuring both regulators and traders will litigate…
Mt. Gox Pushes Repayment Deadline to 2027 With $2.8B in Bitcoin Still to Distribute Mt. Gox has extended its repayment deadline to 2027, leaving approximately $2.8 billion worth of Bitcoin still to be distributed to creditors. The revised timeline means creditors will have to wait longer for the remaining repayments. The delay also extends the…
Mastercard Introduces Fraud Screening Before Stablecoin Payments Go On-Chain Mastercard has introduced a fraud-screening process designed to assess stablecoin payments before they are recorded on a blockchain. The approach places transaction checks ahead of the on-chain settlement stage, allowing potential fraud risks to be identified before a payment is finalized on the network. The development…
