1. CFTC Opens Spot Trading on Futures Platforms
The U.S. CFTC now allows spot crypto contracts like $BTC and $ETH to trade on registered futures exchanges. Coordinated with the SEC under “Project Crypto,” this could bring more institutional liquidity and tighter spot–futures spreads.
2. Hong Kong Stablecoin Law Raises Privacy Concerns
New rules require KYC for all stablecoin holders, impacting assets like $USDT and $USDC. While aimed at anti-money laundering, industry voices warn it could slow adoption, especially for users who rely on unhosted wallets.
3. Pakistan’s Strategic Crypto Push
Pakistan forms a Crypto Council, with Binance’s CZ advising. Plans include a sovereign $BTC reserve, national regulations, and surplus energy use for mining and AI data centers. Could position Pakistan as a crypto–energy hub.
