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US judge blocks Trump's executive order restricting mail-in votingBOSTON, June 25 (Reuters) - A federal judge in Boston on Thursday blocked implementation of U.S. President Donald Trump'sexecutive order aiming to tighten rules for mail-in voting, preventing it from taking effect ahead of November elections that will decide control of Congress.
U.S. District Judge Indira Talwani sided with, opens new tab a coalition of Democratic-led states that argued that the Republican president is trying to unlawfully interfere with the states' administration of federal elections
The judge declared key parts of Trump's order unconstitutional as she found that Trump had exceeded his authority in trying to overhaul procedures for elections, which since the republic's founding in 1789 have been run by states and local governments.
The Constitution does not grant the President any specific powers over elections," wrote Talwani, who was appointed by Democratic President Barack Obama.
She said the president lacked any authority to direct the U.S. Department of Homeland Security to compile voter eligibility lists for each state to use and that the U.S. Postal Service had no statutory authorization to adopt any binding regulations on mail-in voting.
Talwani barred the administration from enforcing Trump's order ahead of the November 3 midterm elections that are set to decide whether Republicans can retain control of Congress and ordered it to submit a report by next week describing steps it has taken to comply with her ruling.
Democratic state attorneys general hailed the ruling. They had argued that allowing Trump's order to stand would force their states to rush to overhaul election systems, causing chaos and likely disenfranchising eligible voters.
This right to vote is the foundation of our democracy, and today’s decision protects that foundation from another unlawful attack," New York Attorney General Letitia James, a Democrat, said in a statement.
U.S. Postmaster General David Steiner told Congress on Wednesday that under its proposal USPS would not deliver ballots in states where officials refuse to provide lists of voters who received mailed ballots, but said he would comply with any court order blocking restrictions.
Trump's order also directed the U.S. Department of Justice to prioritize the investigation and prosecution of state and local election officials who issue federal ballots to people deemed "not eligible" to vote.
But Talwani said Trump lacked authority under the U.S. Constitution to create new criminal offenses and attempt through his order "to intimidate local election officials to use the necessarily incomplete confirmed citizenship lists as a resource, lest they face criminal prosecution."
#SpeculatorUSDNetLongNears$30B
#KEEP_SUPPORT
#MantaRWA
#LISTAAirdrop
#CryptoPatience
US judge blocks Trump's executive order restricting mail-in voting
BOSTON, June 25 (Reuters) - A federal judge in Boston on Thursday blocked implementation of U.S. President Donald Trump'sexecutive order aiming to tighten rules for mail-in voting, preventing it from taking effect ahead of November elections that will decide control of Congress.
U.S. District Judge Indira Talwani sided with, opens new tab a coalition of Democratic-led states that argued that the Republican president is trying to unlawfully interfere with the states' administration of federal elections
The judge declared key parts of Trump's order unconstitutional as she found that Trump had exceeded his authority in trying to overhaul procedures for elections, which since the republic's founding in 1789 have been run by states and local governments.
The Constitution does not grant the President any specific powers over elections," wrote Talwani, who was appointed by Democratic President Barack Obama.
She said the president lacked any authority to direct the U.S. Department of Homeland Security to compile voter eligibility lists for each state to use and that the U.S. Postal Service had no statutory authorization to adopt any binding regulations on mail-in voting.
Talwani barred the administration from enforcing Trump's order ahead of the November 3 midterm elections that are set to decide whether Republicans can retain control of Congress and ordered it to submit a report by next week describing steps it has taken to comply with her ruling.
Democratic state attorneys general hailed the ruling. They had argued that allowing Trump's order to stand would force their states to rush to overhaul election systems, causing chaos and likely disenfranchising eligible voters.
This right to vote is the foundation of our democracy, and today’s decision protects that foundation from another unlawful attack," New York Attorney General Letitia James, a Democrat, said in a statement.
U.S. Postmaster General David Steiner told Congress on Wednesday that under its proposal USPS would not deliver ballots in states where officials refuse to provide lists of voters who received mailed ballots, but said he would comply with any court order blocking restrictions.
Trump's order also directed the U.S. Department of Justice to prioritize the investigation and prosecution of state and local election officials who issue federal ballots to people deemed "not eligible" to vote.
But Talwani said Trump lacked authority under the U.S. Constitution to create new criminal offenses and attempt through his order "to intimidate local election officials to use the necessarily incomplete confirmed citizenship lists as a resource, lest they face criminal prosecution."
#SpeculatorUSDNetLongNears$30B
#KEEP_SUPPORT
#MantaRWA
#LISTAAirdrop
#CryptoPatience
U.S. District Judge Indira Talwani sided with, opens new tab a coalition of Democratic-led states that argued that the Republican president is trying to unlawfully interfere with the states' administration of federal elections
The judge declared key parts of Trump's order unconstitutional as she found that Trump had exceeded his authority in trying to overhaul procedures for elections, which since the republic's founding in 1789 have been run by states and local governments.
The Constitution does not grant the President any specific powers over elections," wrote Talwani, who was appointed by Democratic President Barack Obama.
She said the president lacked any authority to direct the U.S. Department of Homeland Security to compile voter eligibility lists for each state to use and that the U.S. Postal Service had no statutory authorization to adopt any binding regulations on mail-in voting.
Talwani barred the administration from enforcing Trump's order ahead of the November 3 midterm elections that are set to decide whether Republicans can retain control of Congress and ordered it to submit a report by next week describing steps it has taken to comply with her ruling.
Democratic state attorneys general hailed the ruling. They had argued that allowing Trump's order to stand would force their states to rush to overhaul election systems, causing chaos and likely disenfranchising eligible voters.
This right to vote is the foundation of our democracy, and today’s decision protects that foundation from another unlawful attack," New York Attorney General Letitia James, a Democrat, said in a statement.
U.S. Postmaster General David Steiner told Congress on Wednesday that under its proposal USPS would not deliver ballots in states where officials refuse to provide lists of voters who received mailed ballots, but said he would comply with any court order blocking restrictions.
Trump's order also directed the U.S. Department of Justice to prioritize the investigation and prosecution of state and local election officials who issue federal ballots to people deemed "not eligible" to vote.
But Talwani said Trump lacked authority under the U.S. Constitution to create new criminal offenses and attempt through his order "to intimidate local election officials to use the necessarily incomplete confirmed citizenship lists as a resource, lest they face criminal prosecution."
#SpeculatorUSDNetLongNears$30B
#KEEP_SUPPORT
#MantaRWA
#LISTAAirdrop
#CryptoPatience
77
Article
Crypto PAC's $5.5 million Congress pick gets Maryland win, more crypto allies advanceThe Fairshake super PAC supported Adrian Boafo in Maryland, plus other candidates in Maryland, New York and Utah as each ran its primary elections.
he leading crypto political action committee, Fairshake, often backs its favored hopefuls for the U.S. House of Representatives with ad campaigns in the hundreds of thousands of dollars, but it devoted Senate-level money — some $5.5 million — to Adrian Boafo, a Democrat who just won his party's nomination for a Maryland seat on Tuesday.
The state delegate's dominant victory records another success for the industry's super PAC and its affiliates after having notched a big primary election win with its $12 million devoted to Barry Moore's Alabama Senate bid last week.
Boafo's campaign website says he's looking to "provide responsible regulatory clarity for innovators building the next generation of financial tools," though it also included consumer-protection language often associated with crypto-resistance Democrats. Still, he has a record of pro-crypto legislative efforts in his state and favorably completed advocacy group Stand With Crypto's political questionnaire to earn that group's "A" rating.
We went big and we went early," said Geoff Vetter, a Fairshake spokesman, in a Tuesday statement. "We did our part to move Adrian Boafo from fifth place to the halls of Congress. He is poised to be a leader in the largest pro-crypto Congress in history.”
The industry's support didn't go unnoticed. The open seat drew a massive number of Democratic candidates to replace outgoing Rep. Steny Hoyer, and Maryland's U.S. Senator Chris Van Hollen bashed the "obscene amount of big special-interest money" Boafo received in the race.
In the same state, Fairshake backed incumbent Representative April McClain Delaney for $516,000, while also contributing ad spending in other states' Tuesday primaries to Republican incumbent Representative Blake Moore in Utah and $1.3 million for one of the industry's most reliable allies in the House, Representative Ritchie Torres, a New York Democrat. All of them also won their races or were winning, with McClain Delaney in an early lead with votes still being counted.
Fairshake's approach is to flood pro-crypto candidates from both parties with large-scale independent advertising that can't legally be coordinated with the campaigns. The ads don't typically mention crypto as a political issues but are instead just calculated to use whatever political message would be most helpful for the candidates.
Think Big PAC, an AI-focused group that shares many of the same funders as Fairshake and is represented by former Fairshake frontman Josh Vlasto, was more direct, attacking New York congressional candidate Alex Bores as being tied to former FTX chief Sam Bankman-Fried.
#SpaceXSharesFall
#CongressBarsFedCBDCIssuance
#MicronHitsRecordHigh
#BinanceMarginToListXLMTradingPairs
#OopsieDaisy
Crypto PAC's $5.5 million Congress pick gets Maryland win, more crypto allies advance
The Fairshake super PAC supported Adrian Boafo in Maryland, plus other candidates in Maryland, New York and Utah as each ran its primary elections.
he leading crypto political action committee, Fairshake, often backs its favored hopefuls for the U.S. House of Representatives with ad campaigns in the hundreds of thousands of dollars, but it devoted Senate-level money — some $5.5 million — to Adrian Boafo, a Democrat who just won his party's nomination for a Maryland seat on Tuesday.
The state delegate's dominant victory records another success for the industry's super PAC and its affiliates after having notched a big primary election win with its $12 million devoted to Barry Moore's Alabama Senate bid last week.
Boafo's campaign website says he's looking to "provide responsible regulatory clarity for innovators building the next generation of financial tools," though it also included consumer-protection language often associated with crypto-resistance Democrats. Still, he has a record of pro-crypto legislative efforts in his state and favorably completed advocacy group Stand With Crypto's political questionnaire to earn that group's "A" rating.
We went big and we went early," said Geoff Vetter, a Fairshake spokesman, in a Tuesday statement. "We did our part to move Adrian Boafo from fifth place to the halls of Congress. He is poised to be a leader in the largest pro-crypto Congress in history.”
The industry's support didn't go unnoticed. The open seat drew a massive number of Democratic candidates to replace outgoing Rep. Steny Hoyer, and Maryland's U.S. Senator Chris Van Hollen bashed the "obscene amount of big special-interest money" Boafo received in the race.
In the same state, Fairshake backed incumbent Representative April McClain Delaney for $516,000, while also contributing ad spending in other states' Tuesday primaries to Republican incumbent Representative Blake Moore in Utah and $1.3 million for one of the industry's most reliable allies in the House, Representative Ritchie Torres, a New York Democrat. All of them also won their races or were winning, with McClain Delaney in an early lead with votes still being counted.
Fairshake's approach is to flood pro-crypto candidates from both parties with large-scale independent advertising that can't legally be coordinated with the campaigns. The ads don't typically mention crypto as a political issues but are instead just calculated to use whatever political message would be most helpful for the candidates.
Think Big PAC, an AI-focused group that shares many of the same funders as Fairshake and is represented by former Fairshake frontman Josh Vlasto, was more direct, attacking New York congressional candidate Alex Bores as being tied to former FTX chief Sam Bankman-Fried.
#SpaceXSharesFall
#CongressBarsFedCBDCIssuance
#MicronHitsRecordHigh
#BinanceMarginToListXLMTradingPairs
#OopsieDaisy
he leading crypto political action committee, Fairshake, often backs its favored hopefuls for the U.S. House of Representatives with ad campaigns in the hundreds of thousands of dollars, but it devoted Senate-level money — some $5.5 million — to Adrian Boafo, a Democrat who just won his party's nomination for a Maryland seat on Tuesday.
The state delegate's dominant victory records another success for the industry's super PAC and its affiliates after having notched a big primary election win with its $12 million devoted to Barry Moore's Alabama Senate bid last week.
Boafo's campaign website says he's looking to "provide responsible regulatory clarity for innovators building the next generation of financial tools," though it also included consumer-protection language often associated with crypto-resistance Democrats. Still, he has a record of pro-crypto legislative efforts in his state and favorably completed advocacy group Stand With Crypto's political questionnaire to earn that group's "A" rating.
We went big and we went early," said Geoff Vetter, a Fairshake spokesman, in a Tuesday statement. "We did our part to move Adrian Boafo from fifth place to the halls of Congress. He is poised to be a leader in the largest pro-crypto Congress in history.”
The industry's support didn't go unnoticed. The open seat drew a massive number of Democratic candidates to replace outgoing Rep. Steny Hoyer, and Maryland's U.S. Senator Chris Van Hollen bashed the "obscene amount of big special-interest money" Boafo received in the race.
In the same state, Fairshake backed incumbent Representative April McClain Delaney for $516,000, while also contributing ad spending in other states' Tuesday primaries to Republican incumbent Representative Blake Moore in Utah and $1.3 million for one of the industry's most reliable allies in the House, Representative Ritchie Torres, a New York Democrat. All of them also won their races or were winning, with McClain Delaney in an early lead with votes still being counted.
Fairshake's approach is to flood pro-crypto candidates from both parties with large-scale independent advertising that can't legally be coordinated with the campaigns. The ads don't typically mention crypto as a political issues but are instead just calculated to use whatever political message would be most helpful for the candidates.
Think Big PAC, an AI-focused group that shares many of the same funders as Fairshake and is represented by former Fairshake frontman Josh Vlasto, was more direct, attacking New York congressional candidate Alex Bores as being tied to former FTX chief Sam Bankman-Fried.
#SpaceXSharesFall
#CongressBarsFedCBDCIssuance
#MicronHitsRecordHigh
#BinanceMarginToListXLMTradingPairs
#OopsieDaisy
XLM-0.85%
MUUS-7.32%
1
11
Article
The ECB digital euro takes step forward after winning key European Parliament voteEU lawmakers backed a legal framework to develop an ECB digital currency by 2029 so the continent can stop relying entirely on U.S. credit card and stablecoin giants.
The European Central Bank (ECB) scored a victory after the European Parliament’s influential Economic and Monetary Affairs (ECON) committee voted to approve the legal framework for a digital euro on Tuesday.
The committee also directly mandated the immediate start of final "trilogue" negotiations between European Union (EU) member states and the Parliament to hammer out the final law.
The vote ends three years of discussions between central bankers and commercial lenders concerned over losing deposit revenue.
The main goal behind the deployment of a central bank digital currency (CBDC) is not just about modernizing payments, but to maintain the bloc’s autonomy of the monetary system. ECB Chair Christine Lagarde has long-argued in favor of a CBDC to stave off the U.S. dollar-pegged stablecoin dominance in Tether’s USDT and Circle’s (CRCL) USDC.
Lagarde pushed back against public concerns over financial surveillance, asserting that cash isn't going anywhere, adding that between the digital euro and physical banknotes, "one does not exclude the other."
The EU has also pointed to nearly two-thirds of all card transactions in the eurozone being processed by non-European companies, mainly Visa (V) and Mastercard (MA).
Strengthening the resilience of payments in Europe has become a geopolitical necessity," Markus Ferber, a leading member of the ECON committee said on Tuesday.
The EU's central bank digital euro approval comes just hours after U.S. Senate voted to place a four-year ban on a CBDC. The bill now heads to the House of Representatives. If they follow suit it then goes to President Donald Trump for his signature.
Commercial banks successfully lobbied for strict holding limits on how much a citizen can keep in a digital wallet to avoid a mass exodus of cash from traditional accounts during a crisis.
The ECB will now undertake a 12-month pilot phase using a beta version to test the infrastructure in real-world scenarios with select merchants and payment service providers.
#TrendingTopic
#YiHeBinance
#UNIUSDT
#MemeWatch2024
#cryptouniverseofficial
The ECB digital euro takes step forward after winning key European Parliament vote
EU lawmakers backed a legal framework to develop an ECB digital currency by 2029 so the continent can stop relying entirely on U.S. credit card and stablecoin giants.
The European Central Bank (ECB) scored a victory after the European Parliament’s influential Economic and Monetary Affairs (ECON) committee voted to approve the legal framework for a digital euro on Tuesday.
The committee also directly mandated the immediate start of final "trilogue" negotiations between European Union (EU) member states and the Parliament to hammer out the final law.
The vote ends three years of discussions between central bankers and commercial lenders concerned over losing deposit revenue.
The main goal behind the deployment of a central bank digital currency (CBDC) is not just about modernizing payments, but to maintain the bloc’s autonomy of the monetary system. ECB Chair Christine Lagarde has long-argued in favor of a CBDC to stave off the U.S. dollar-pegged stablecoin dominance in Tether’s USDT and Circle’s (CRCL) USDC.
Lagarde pushed back against public concerns over financial surveillance, asserting that cash isn't going anywhere, adding that between the digital euro and physical banknotes, "one does not exclude the other."
The EU has also pointed to nearly two-thirds of all card transactions in the eurozone being processed by non-European companies, mainly Visa (V) and Mastercard (MA).
Strengthening the resilience of payments in Europe has become a geopolitical necessity," Markus Ferber, a leading member of the ECON committee said on Tuesday.
The EU's central bank digital euro approval comes just hours after U.S. Senate voted to place a four-year ban on a CBDC. The bill now heads to the House of Representatives. If they follow suit it then goes to President Donald Trump for his signature.
Commercial banks successfully lobbied for strict holding limits on how much a citizen can keep in a digital wallet to avoid a mass exodus of cash from traditional accounts during a crisis.
The ECB will now undertake a 12-month pilot phase using a beta version to test the infrastructure in real-world scenarios with select merchants and payment service providers.
#TrendingTopic
#YiHeBinance
#UNIUSDT
#MemeWatch2024
#cryptouniverseofficial
The European Central Bank (ECB) scored a victory after the European Parliament’s influential Economic and Monetary Affairs (ECON) committee voted to approve the legal framework for a digital euro on Tuesday.
The committee also directly mandated the immediate start of final "trilogue" negotiations between European Union (EU) member states and the Parliament to hammer out the final law.
The vote ends three years of discussions between central bankers and commercial lenders concerned over losing deposit revenue.
The main goal behind the deployment of a central bank digital currency (CBDC) is not just about modernizing payments, but to maintain the bloc’s autonomy of the monetary system. ECB Chair Christine Lagarde has long-argued in favor of a CBDC to stave off the U.S. dollar-pegged stablecoin dominance in Tether’s USDT and Circle’s (CRCL) USDC.
Lagarde pushed back against public concerns over financial surveillance, asserting that cash isn't going anywhere, adding that between the digital euro and physical banknotes, "one does not exclude the other."
The EU has also pointed to nearly two-thirds of all card transactions in the eurozone being processed by non-European companies, mainly Visa (V) and Mastercard (MA).
Strengthening the resilience of payments in Europe has become a geopolitical necessity," Markus Ferber, a leading member of the ECON committee said on Tuesday.
The EU's central bank digital euro approval comes just hours after U.S. Senate voted to place a four-year ban on a CBDC. The bill now heads to the House of Representatives. If they follow suit it then goes to President Donald Trump for his signature.
Commercial banks successfully lobbied for strict holding limits on how much a citizen can keep in a digital wallet to avoid a mass exodus of cash from traditional accounts during a crisis.
The ECB will now undertake a 12-month pilot phase using a beta version to test the infrastructure in real-world scenarios with select merchants and payment service providers.
#TrendingTopic
#YiHeBinance
#UNIUSDT
#MemeWatch2024
#cryptouniverseofficial
1
70
Article
Trump lands in Senate's crosshairs over $500 million UAE investment in his crypto ventureSenate Democrats call for hearings into whether a $500 million investment by UAE officials in World Liberty Financial influenced Trump's policy decisions.
enate Democrats called for immediate hearings into UAE officials' huge investments in President Donald Trump's family crypto venture, World Liberty Financial, and subsequent decisions by the Trump administration that seemingly favored the Gulf country, in a letter dated June 23.
Senators Elizabeth Warren, Richard Blumenthal, Gary Peters, Richard Durbin, and Ron Wyden requested that multiple Senate committees hold hearings on a deal in which lieutenants to an Abu Dhabi royal signed a deal with the Trump family to purchase a 49% stake in World Liberty Financial for half a billion dollars.
The deal closed four days before President Trump's inauguration last year, the letter said, adding that as part of the agreement, foreign buyers reportedly paid $218 million upfront to entities tied to the Trump family and Steve Witkoff, President Trump's lead diplomat for the Middle East and Russia.
The arrangement was reportedly backed by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE's National Security Advisor. This "marked something unprecedented in American politics: a foreign government official taking a major ownership stake in an incoming U.S. president's company," according to the letter.
CoinDesk reached out to both WLFI and the UAE government for a comment on the matter.
The investment bolsters concerns about foreign influence, originally stemming from a major investment by MGX, a UAE state-backed investment company, that boosted the market capitalization of the Trump family's stablecoin by almost $2 billion overnight.
Here's where it gets interesting. Within months of the deal, the Trump Administration took policy decisions that benefited the UAE, according to the letter. In May 2025, it approved a $1.4 billion arms sale to the country, despite congressional concerns about weapons flowing to armed groups in Sudan where more than 150,000 people have died.
In the same month, Treasury created a "Known Investor Pilot" program to streamline investment approvals through CFIUS, a fast-track process that the UAE had lobbied for.
The Department of Commerce also rescinded Biden-era chip export restrictions, allowing the UAE to receive up to triple or quadruple the number of advanced chips it previously could have imported. It authorized G42, a UAE AI company chaired by Sheikh Tahnoon bin Zayed Al Nahyan, to receive 35,000 Nvidia Blackwell chips. The deal was worth over a billion dollars.
But U.S. intelligence officials reportedly caught G42 providing U.S. technology that was used to enhance China's missile capabilities. Though G42 allegedly committed to divesting its Chinese holdings, reports suggest the firm attempted to obfuscate its ties to Beijing by moving its business holdings in China to a new investment firm.
The senators demanded that Trump Administration officials "explain under oath what they knew and when about payments to the families of the President and his lead diplomat for the region."
They must also explain how they will restore faith that the Administration is representing the best interests of the American people rather than the personal interests of the President and his close associates. We therefore ask that you immediately hold hearings on these urgent matters," the letter said.
#SKHynixADRListing
#CongressBarsFedCBDCIssuance
#MicronHitsRecordHigh
#EthereumFoundationToCutBudget40%
#BinanceMarginToListXLMTradingPairs
Trump lands in Senate's crosshairs over $500 million UAE investment in his crypto venture
Senate Democrats call for hearings into whether a $500 million investment by UAE officials in World Liberty Financial influenced Trump's policy decisions.
enate Democrats called for immediate hearings into UAE officials' huge investments in President Donald Trump's family crypto venture, World Liberty Financial, and subsequent decisions by the Trump administration that seemingly favored the Gulf country, in a letter dated June 23.
Senators Elizabeth Warren, Richard Blumenthal, Gary Peters, Richard Durbin, and Ron Wyden requested that multiple Senate committees hold hearings on a deal in which lieutenants to an Abu Dhabi royal signed a deal with the Trump family to purchase a 49% stake in World Liberty Financial for half a billion dollars.
The deal closed four days before President Trump's inauguration last year, the letter said, adding that as part of the agreement, foreign buyers reportedly paid $218 million upfront to entities tied to the Trump family and Steve Witkoff, President Trump's lead diplomat for the Middle East and Russia.
The arrangement was reportedly backed by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE's National Security Advisor. This "marked something unprecedented in American politics: a foreign government official taking a major ownership stake in an incoming U.S. president's company," according to the letter.
CoinDesk reached out to both WLFI and the UAE government for a comment on the matter.
The investment bolsters concerns about foreign influence, originally stemming from a major investment by MGX, a UAE state-backed investment company, that boosted the market capitalization of the Trump family's stablecoin by almost $2 billion overnight.
Here's where it gets interesting. Within months of the deal, the Trump Administration took policy decisions that benefited the UAE, according to the letter. In May 2025, it approved a $1.4 billion arms sale to the country, despite congressional concerns about weapons flowing to armed groups in Sudan where more than 150,000 people have died.
In the same month, Treasury created a "Known Investor Pilot" program to streamline investment approvals through CFIUS, a fast-track process that the UAE had lobbied for.
The Department of Commerce also rescinded Biden-era chip export restrictions, allowing the UAE to receive up to triple or quadruple the number of advanced chips it previously could have imported. It authorized G42, a UAE AI company chaired by Sheikh Tahnoon bin Zayed Al Nahyan, to receive 35,000 Nvidia Blackwell chips. The deal was worth over a billion dollars.
But U.S. intelligence officials reportedly caught G42 providing U.S. technology that was used to enhance China's missile capabilities. Though G42 allegedly committed to divesting its Chinese holdings, reports suggest the firm attempted to obfuscate its ties to Beijing by moving its business holdings in China to a new investment firm.
The senators demanded that Trump Administration officials "explain under oath what they knew and when about payments to the families of the President and his lead diplomat for the region."
They must also explain how they will restore faith that the Administration is representing the best interests of the American people rather than the personal interests of the President and his close associates. We therefore ask that you immediately hold hearings on these urgent matters," the letter said.
#SKHynixADRListing
#CongressBarsFedCBDCIssuance
#MicronHitsRecordHigh
#EthereumFoundationToCutBudget40%
#BinanceMarginToListXLMTradingPairs
enate Democrats called for immediate hearings into UAE officials' huge investments in President Donald Trump's family crypto venture, World Liberty Financial, and subsequent decisions by the Trump administration that seemingly favored the Gulf country, in a letter dated June 23.
Senators Elizabeth Warren, Richard Blumenthal, Gary Peters, Richard Durbin, and Ron Wyden requested that multiple Senate committees hold hearings on a deal in which lieutenants to an Abu Dhabi royal signed a deal with the Trump family to purchase a 49% stake in World Liberty Financial for half a billion dollars.
The deal closed four days before President Trump's inauguration last year, the letter said, adding that as part of the agreement, foreign buyers reportedly paid $218 million upfront to entities tied to the Trump family and Steve Witkoff, President Trump's lead diplomat for the Middle East and Russia.
The arrangement was reportedly backed by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE's National Security Advisor. This "marked something unprecedented in American politics: a foreign government official taking a major ownership stake in an incoming U.S. president's company," according to the letter.
CoinDesk reached out to both WLFI and the UAE government for a comment on the matter.
The investment bolsters concerns about foreign influence, originally stemming from a major investment by MGX, a UAE state-backed investment company, that boosted the market capitalization of the Trump family's stablecoin by almost $2 billion overnight.
Here's where it gets interesting. Within months of the deal, the Trump Administration took policy decisions that benefited the UAE, according to the letter. In May 2025, it approved a $1.4 billion arms sale to the country, despite congressional concerns about weapons flowing to armed groups in Sudan where more than 150,000 people have died.
In the same month, Treasury created a "Known Investor Pilot" program to streamline investment approvals through CFIUS, a fast-track process that the UAE had lobbied for.
The Department of Commerce also rescinded Biden-era chip export restrictions, allowing the UAE to receive up to triple or quadruple the number of advanced chips it previously could have imported. It authorized G42, a UAE AI company chaired by Sheikh Tahnoon bin Zayed Al Nahyan, to receive 35,000 Nvidia Blackwell chips. The deal was worth over a billion dollars.
But U.S. intelligence officials reportedly caught G42 providing U.S. technology that was used to enhance China's missile capabilities. Though G42 allegedly committed to divesting its Chinese holdings, reports suggest the firm attempted to obfuscate its ties to Beijing by moving its business holdings in China to a new investment firm.
The senators demanded that Trump Administration officials "explain under oath what they knew and when about payments to the families of the President and his lead diplomat for the region."
They must also explain how they will restore faith that the Administration is representing the best interests of the American people rather than the personal interests of the President and his close associates. We therefore ask that you immediately hold hearings on these urgent matters," the letter said.
#SKHynixADRListing
#CongressBarsFedCBDCIssuance
#MicronHitsRecordHigh
#EthereumFoundationToCutBudget40%
#BinanceMarginToListXLMTradingPairs
1
13
Article
Swiss Crypto Bank AMINA Secures MiCA License in AustriaThe Swiss banking group’s Austrian subsidiary, AMINA EU, will spearhead a European market launch and accelerated expansion into the trading block.
wiss digital asset bank AMINA has received a regulatory license from Austria’s Financial Market Authority (FMA) to operate cryptocurrency services across Europe under the Markets in Crypto Assets (MiCA) regulatory regime.
Austria’s approval paves the way for AMINA EU’s launch (the official entity being licensed by the FMA is AMINA [Austria] AG), to offer crypto trading, custody, portfolio management services and staking to professional investors, including family offices, corporates and financial institutions, AMINA said.
AMINA (previously known as SEBA Bank) holds a banking license from the Swiss Financial Market Supervisory Authority (FINMA), as well as crypto licenses in Hong Kong and Abu Dhabi. The crypto bank is positioned in the private client and accredited investor space, working with the likes of private bank Julius Baer and LGT Bank, a banking and asset management group owned by the Liechtenstein Princely Family.
We offer everything from bank accounts to crypto-bank loans, all done in a regulated way,” Franz Bergmueller, CEO of AMINA Bank, said in an interview with CoinDesk. “We are also now serving these new digital asset treasury companies, and we started doing tokenization years ago – our gold token product is skyrocketing at the moment.”
Austria was chosen as AMINA EU’s European entry point because of its regulatory excellence and strong commitment to investor protection, according to a press release. Austria is the European regulatory base for well-known crypto firms like Bitpanda and Bybit, while Kucoin is known to be awaiting authorization there.
We received a full banking license from FINMA in Switzerland, so I think we can make comparisons,” Bergmueller said regarding Austria as the chosen crypto base for MiCA. “I can tell you the FMA in Vienna has the highest standards you can imagine.”
The arrival of a unified regulatory framework for crypto firms across the European Union demonstrates the growing market maturity of digital assets. That said, MiCA rollout has not been without wrinkles. Indeed, Austria’s FMA joined the French and Italian financial regulators in calling for tighter EU control of MiCA back in September.
Three years back, I was positively shocked that Europe could agree on crypto,” Bergmueller said. “And actually I think they have not done a bad job defining everything. Of course, it’s a super-young industry and there will be new tech developments. It’s a constant development.”
#SniperStrategy
#CryptoPatience
#MantaRWA
#XRPRealityCheck
#ZeroFeeTrading
Swiss Crypto Bank AMINA Secures MiCA License in Austria
The Swiss banking group’s Austrian subsidiary, AMINA EU, will spearhead a European market launch and accelerated expansion into the trading block.
wiss digital asset bank AMINA has received a regulatory license from Austria’s Financial Market Authority (FMA) to operate cryptocurrency services across Europe under the Markets in Crypto Assets (MiCA) regulatory regime.
Austria’s approval paves the way for AMINA EU’s launch (the official entity being licensed by the FMA is AMINA [Austria] AG), to offer crypto trading, custody, portfolio management services and staking to professional investors, including family offices, corporates and financial institutions, AMINA said.
AMINA (previously known as SEBA Bank) holds a banking license from the Swiss Financial Market Supervisory Authority (FINMA), as well as crypto licenses in Hong Kong and Abu Dhabi. The crypto bank is positioned in the private client and accredited investor space, working with the likes of private bank Julius Baer and LGT Bank, a banking and asset management group owned by the Liechtenstein Princely Family.
We offer everything from bank accounts to crypto-bank loans, all done in a regulated way,” Franz Bergmueller, CEO of AMINA Bank, said in an interview with CoinDesk. “We are also now serving these new digital asset treasury companies, and we started doing tokenization years ago – our gold token product is skyrocketing at the moment.”
Austria was chosen as AMINA EU’s European entry point because of its regulatory excellence and strong commitment to investor protection, according to a press release. Austria is the European regulatory base for well-known crypto firms like Bitpanda and Bybit, while Kucoin is known to be awaiting authorization there.
We received a full banking license from FINMA in Switzerland, so I think we can make comparisons,” Bergmueller said regarding Austria as the chosen crypto base for MiCA. “I can tell you the FMA in Vienna has the highest standards you can imagine.”
The arrival of a unified regulatory framework for crypto firms across the European Union demonstrates the growing market maturity of digital assets. That said, MiCA rollout has not been without wrinkles. Indeed, Austria’s FMA joined the French and Italian financial regulators in calling for tighter EU control of MiCA back in September.
Three years back, I was positively shocked that Europe could agree on crypto,” Bergmueller said. “And actually I think they have not done a bad job defining everything. Of course, it’s a super-young industry and there will be new tech developments. It’s a constant development.”
#SniperStrategy
#CryptoPatience
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#XRPRealityCheck
#ZeroFeeTrading
wiss digital asset bank AMINA has received a regulatory license from Austria’s Financial Market Authority (FMA) to operate cryptocurrency services across Europe under the Markets in Crypto Assets (MiCA) regulatory regime.
Austria’s approval paves the way for AMINA EU’s launch (the official entity being licensed by the FMA is AMINA [Austria] AG), to offer crypto trading, custody, portfolio management services and staking to professional investors, including family offices, corporates and financial institutions, AMINA said.
AMINA (previously known as SEBA Bank) holds a banking license from the Swiss Financial Market Supervisory Authority (FINMA), as well as crypto licenses in Hong Kong and Abu Dhabi. The crypto bank is positioned in the private client and accredited investor space, working with the likes of private bank Julius Baer and LGT Bank, a banking and asset management group owned by the Liechtenstein Princely Family.
We offer everything from bank accounts to crypto-bank loans, all done in a regulated way,” Franz Bergmueller, CEO of AMINA Bank, said in an interview with CoinDesk. “We are also now serving these new digital asset treasury companies, and we started doing tokenization years ago – our gold token product is skyrocketing at the moment.”
Austria was chosen as AMINA EU’s European entry point because of its regulatory excellence and strong commitment to investor protection, according to a press release. Austria is the European regulatory base for well-known crypto firms like Bitpanda and Bybit, while Kucoin is known to be awaiting authorization there.
We received a full banking license from FINMA in Switzerland, so I think we can make comparisons,” Bergmueller said regarding Austria as the chosen crypto base for MiCA. “I can tell you the FMA in Vienna has the highest standards you can imagine.”
The arrival of a unified regulatory framework for crypto firms across the European Union demonstrates the growing market maturity of digital assets. That said, MiCA rollout has not been without wrinkles. Indeed, Austria’s FMA joined the French and Italian financial regulators in calling for tighter EU control of MiCA back in September.
Three years back, I was positively shocked that Europe could agree on crypto,” Bergmueller said. “And actually I think they have not done a bad job defining everything. Of course, it’s a super-young industry and there will be new tech developments. It’s a constant development.”
#SniperStrategy
#CryptoPatience
#MantaRWA
#XRPRealityCheck
#ZeroFeeTrading
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Talk of a bubble is 'blasphemy against AI' says SoftBank's SonTOKYO, June 24 (Reuters) - SoftBank (9984.T), opens new tab founder and CEO Masayoshi Son told shareholders on Wednesday that artificial intelligence is still in its early stages and any talk of a bubble is "an insult to AI."
"I think it's blasphemy against AI if you say it's a bubble," Son said at the Japanese conglomerate's annual general meeting
The AI investment boom has driven up valuations even as investors question the sustainability of the rally, with SoftBank's share price boosted by Son's all-in bet on OpenAI.
Son has experienced market booms and busts during his career, including the dot-com bubble and the COVID-19 pandemic, when his portfolio fell into the "valley of the coronavirus."
SoftBank's other investments include robotics and the group is building data centres in the U.S.
Tokyo Electric Power Co (9501.T), opens new tab is looking to bring in external capital, and Son said his group was seeking to invest.
"If (TEPCO) were to join our group, we would increase power supply and bring AI data centers to Japan," he sai
The entrepreneur, 68, said he will lead the company into his 70s to bring about "artificial superintelligence," which he defines as being 10,000 times smarter than a human.
"I have become greedier," Son said. "I would like to do more over the next 10 to 15 years. I will stay healthy as long as I can.
One shareholder, who described herself as a "simple housewife," asked Son to nominate her son to the board of directors
#YiHeBinance
#jasmyrocket
#MantaRWA生态
#XRPRealityCheck
#InnovationAhead
Talk of a bubble is 'blasphemy against AI' says SoftBank's Son
TOKYO, June 24 (Reuters) - SoftBank (9984.T), opens new tab founder and CEO Masayoshi Son told shareholders on Wednesday that artificial intelligence is still in its early stages and any talk of a bubble is "an insult to AI."
"I think it's blasphemy against AI if you say it's a bubble," Son said at the Japanese conglomerate's annual general meeting
The AI investment boom has driven up valuations even as investors question the sustainability of the rally, with SoftBank's share price boosted by Son's all-in bet on OpenAI.
Son has experienced market booms and busts during his career, including the dot-com bubble and the COVID-19 pandemic, when his portfolio fell into the "valley of the coronavirus."
SoftBank's other investments include robotics and the group is building data centres in the U.S.
Tokyo Electric Power Co (9501.T), opens new tab is looking to bring in external capital, and Son said his group was seeking to invest.
"If (TEPCO) were to join our group, we would increase power supply and bring AI data centers to Japan," he sai
The entrepreneur, 68, said he will lead the company into his 70s to bring about "artificial superintelligence," which he defines as being 10,000 times smarter than a human.
"I have become greedier," Son said. "I would like to do more over the next 10 to 15 years. I will stay healthy as long as I can.
One shareholder, who described herself as a "simple housewife," asked Son to nominate her son to the board of directors
#YiHeBinance
#jasmyrocket
#MantaRWA生态
#XRPRealityCheck
#InnovationAhead
"I think it's blasphemy against AI if you say it's a bubble," Son said at the Japanese conglomerate's annual general meeting
The AI investment boom has driven up valuations even as investors question the sustainability of the rally, with SoftBank's share price boosted by Son's all-in bet on OpenAI.
Son has experienced market booms and busts during his career, including the dot-com bubble and the COVID-19 pandemic, when his portfolio fell into the "valley of the coronavirus."
SoftBank's other investments include robotics and the group is building data centres in the U.S.
Tokyo Electric Power Co (9501.T), opens new tab is looking to bring in external capital, and Son said his group was seeking to invest.
"If (TEPCO) were to join our group, we would increase power supply and bring AI data centers to Japan," he sai
The entrepreneur, 68, said he will lead the company into his 70s to bring about "artificial superintelligence," which he defines as being 10,000 times smarter than a human.
"I have become greedier," Son said. "I would like to do more over the next 10 to 15 years. I will stay healthy as long as I can.
One shareholder, who described herself as a "simple housewife," asked Son to nominate her son to the board of directors
#YiHeBinance
#jasmyrocket
#MantaRWA生态
#XRPRealityCheck
#InnovationAhead
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Article
ByteDance seeks $20 billion in its largest-ever offshore loan, Bloomberg News reportsJune 24 (Reuters) - Chinese technology company ByteDance, the developer of TikTok, is in preliminary talks with banks for its largest offshore loan of about $20 billion, Bloomberg News reported on Wednesday, citing people familiar with the matter.
The company has approached banks for a loan that may carry a three-year tenor, with an option to extend it to as long as five years, the report said.
ByteDance did not immediately respond to a Reuters request for comment.
The company is emerging as a major spender on AI infrastructure, ramping up spending and partnerships to secure chips and chip design services.
#satoshiNakamato
#receita_federal
#UNIUSDT
#MantaRWA
#xmucanX
ByteDance seeks $20 billion in its largest-ever offshore loan, Bloomberg News reports
June 24 (Reuters) - Chinese technology company ByteDance, the developer of TikTok, is in preliminary talks with banks for its largest offshore loan of about $20 billion, Bloomberg News reported on Wednesday, citing people familiar with the matter.
The company has approached banks for a loan that may carry a three-year tenor, with an option to extend it to as long as five years, the report said.
ByteDance did not immediately respond to a Reuters request for comment.
The company is emerging as a major spender on AI infrastructure, ramping up spending and partnerships to secure chips and chip design services.
#satoshiNakamato
#receita_federal
#UNIUSDT
#MantaRWA
#xmucanX
The company has approached banks for a loan that may carry a three-year tenor, with an option to extend it to as long as five years, the report said.
ByteDance did not immediately respond to a Reuters request for comment.
The company is emerging as a major spender on AI infrastructure, ramping up spending and partnerships to secure chips and chip design services.
#satoshiNakamato
#receita_federal
#UNIUSDT
#MantaRWA
#xmucanX
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Article
Morning Bid: Time to cash in your chipsA look at the day ahead in European and global markets from Tom Westbrook
South Korea's chip-heavy KOSPI (.KS11), opens new tab made an unconvincing attempt at a bounce on Wednesday after notching the fifth-biggest selloff in its history a day earlier
According to BNY, there are signs that the retail-investor buying which has driven the index to record after record is starting to flag, particularly after the regulator suddenly sounded cool on popular leveraged ETF products.
The market climbed in morning trade but was flat before lunchtime in Seoul, where for months downtown has been awash with workers hunched over phones, trading stocks. Meanwhile in Taipei, chipmaking giant TSMC (2330.TW), opens new tab was falling.
An earnings report, after the U.S. close, from Micron will be the next guide for mood and direction in the sector and focus is on whether the chipmaker announces long-term supply deals and upfront payments from big customers.
Learn more aboutRefinitiv
Subscribe
Morning Bid: Time to cash in your chips?
By Reuters
June 24, 202610:33 AM GMT+6Updated 1 hour ago
German share price index DAX graph is pictured at the stock exchange in Frankfurt
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 23, 2026. REUTERS/staff/File Photo Purchase Licensing Rights, opens new tab
A look at the day ahead in European and global markets from Tom Westbrook
South Korea's chip-heavy KOSPI (.KS11), opens new tab made an unconvincing attempt at a bounce on Wednesday after notching the fifth-biggest selloff in its history a day earlier.
The Reuters Inside Track newsletter is your essential guide during the World Cup. Sign up here.
According to BNY, there are signs that the retail-investor buying which has driven the index to record after record is starting to flag, particularly after the regulator suddenly sounded cool on popular leveraged ETF products.
Jitters over debt-funded AI spending led to sharp losses in semiconductor and other Big Tech tech stocks.
The market climbed in morning trade but was flat before lunchtime in Seoul, where for months downtown has been awash with workers hunched over phones, trading stocks. Meanwhile in Taipei, chipmaking giant TSMC (2330.TW), opens new tab was falling.
An earnings report, after the U.S. close, from Micron will be the next guide for mood and direction in the sector and focus is on whether the chipmaker announces long-term supply deals and upfront payments from big customers.
Advertisement · Scroll to continueThe threshold for disappointment could be pretty low, with positioning stretched. Bank of America's June survey of fund managers found 80% think long semiconductors is the most crowded trade, a record reading.
The same survey showed more than half of respondents think now is the "boom" phase of the investment cycle in artificial intelligence and not yet the euphoria or profit-taking, displacement or panic stages of a bursting asset-price bubble.
The yen held at 160.56 in Asia as this week's online discussion between Minister of Finance Satsuki Katayama and U.S. counterpart Scott Bessent had investors leery of possible joint intervention to support the Japanese currency.
Japan plans to examine ways to improve management of its $1.3 trillion foreign exchange reserves, according to a draft report reviewed by Reuters on Wednesday, a war chest which at the moment is believed to be mainly held as U.S. Treasuries
#ETHETFsApproved
#Robertkiyosaki
#YapayzekaAI
#NOTCOİN
#devcripto
Morning Bid: Time to cash in your chips
A look at the day ahead in European and global markets from Tom Westbrook
South Korea's chip-heavy KOSPI (.KS11), opens new tab made an unconvincing attempt at a bounce on Wednesday after notching the fifth-biggest selloff in its history a day earlier
According to BNY, there are signs that the retail-investor buying which has driven the index to record after record is starting to flag, particularly after the regulator suddenly sounded cool on popular leveraged ETF products.
The market climbed in morning trade but was flat before lunchtime in Seoul, where for months downtown has been awash with workers hunched over phones, trading stocks. Meanwhile in Taipei, chipmaking giant TSMC (2330.TW), opens new tab was falling.
An earnings report, after the U.S. close, from Micron will be the next guide for mood and direction in the sector and focus is on whether the chipmaker announces long-term supply deals and upfront payments from big customers.
Learn more aboutRefinitiv
Subscribe
Morning Bid: Time to cash in your chips?
By Reuters
June 24, 202610:33 AM GMT+6Updated 1 hour ago
German share price index DAX graph is pictured at the stock exchange in Frankfurt
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 23, 2026. REUTERS/staff/File Photo Purchase Licensing Rights, opens new tab
A look at the day ahead in European and global markets from Tom Westbrook
South Korea's chip-heavy KOSPI (.KS11), opens new tab made an unconvincing attempt at a bounce on Wednesday after notching the fifth-biggest selloff in its history a day earlier.
The Reuters Inside Track newsletter is your essential guide during the World Cup. Sign up here.
According to BNY, there are signs that the retail-investor buying which has driven the index to record after record is starting to flag, particularly after the regulator suddenly sounded cool on popular leveraged ETF products.
Jitters over debt-funded AI spending led to sharp losses in semiconductor and other Big Tech tech stocks.
The market climbed in morning trade but was flat before lunchtime in Seoul, where for months downtown has been awash with workers hunched over phones, trading stocks. Meanwhile in Taipei, chipmaking giant TSMC (2330.TW), opens new tab was falling.
An earnings report, after the U.S. close, from Micron will be the next guide for mood and direction in the sector and focus is on whether the chipmaker announces long-term supply deals and upfront payments from big customers.
Advertisement · Scroll to continueThe threshold for disappointment could be pretty low, with positioning stretched. Bank of America's June survey of fund managers found 80% think long semiconductors is the most crowded trade, a record reading.
The same survey showed more than half of respondents think now is the "boom" phase of the investment cycle in artificial intelligence and not yet the euphoria or profit-taking, displacement or panic stages of a bursting asset-price bubble.
The yen held at 160.56 in Asia as this week's online discussion between Minister of Finance Satsuki Katayama and U.S. counterpart Scott Bessent had investors leery of possible joint intervention to support the Japanese currency.
Japan plans to examine ways to improve management of its $1.3 trillion foreign exchange reserves, according to a draft report reviewed by Reuters on Wednesday, a war chest which at the moment is believed to be mainly held as U.S. Treasuries
#ETHETFsApproved
#Robertkiyosaki
#YapayzekaAI
#NOTCOİN
#devcripto
South Korea's chip-heavy KOSPI (.KS11), opens new tab made an unconvincing attempt at a bounce on Wednesday after notching the fifth-biggest selloff in its history a day earlier
According to BNY, there are signs that the retail-investor buying which has driven the index to record after record is starting to flag, particularly after the regulator suddenly sounded cool on popular leveraged ETF products.
The market climbed in morning trade but was flat before lunchtime in Seoul, where for months downtown has been awash with workers hunched over phones, trading stocks. Meanwhile in Taipei, chipmaking giant TSMC (2330.TW), opens new tab was falling.
An earnings report, after the U.S. close, from Micron will be the next guide for mood and direction in the sector and focus is on whether the chipmaker announces long-term supply deals and upfront payments from big customers.
Learn more aboutRefinitiv
Subscribe
Morning Bid: Time to cash in your chips?
By Reuters
June 24, 202610:33 AM GMT+6Updated 1 hour ago
German share price index DAX graph is pictured at the stock exchange in Frankfurt
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 23, 2026. REUTERS/staff/File Photo Purchase Licensing Rights, opens new tab
A look at the day ahead in European and global markets from Tom Westbrook
South Korea's chip-heavy KOSPI (.KS11), opens new tab made an unconvincing attempt at a bounce on Wednesday after notching the fifth-biggest selloff in its history a day earlier.
The Reuters Inside Track newsletter is your essential guide during the World Cup. Sign up here.
According to BNY, there are signs that the retail-investor buying which has driven the index to record after record is starting to flag, particularly after the regulator suddenly sounded cool on popular leveraged ETF products.
Jitters over debt-funded AI spending led to sharp losses in semiconductor and other Big Tech tech stocks.
The market climbed in morning trade but was flat before lunchtime in Seoul, where for months downtown has been awash with workers hunched over phones, trading stocks. Meanwhile in Taipei, chipmaking giant TSMC (2330.TW), opens new tab was falling.
An earnings report, after the U.S. close, from Micron will be the next guide for mood and direction in the sector and focus is on whether the chipmaker announces long-term supply deals and upfront payments from big customers.
Advertisement · Scroll to continueThe threshold for disappointment could be pretty low, with positioning stretched. Bank of America's June survey of fund managers found 80% think long semiconductors is the most crowded trade, a record reading.
The same survey showed more than half of respondents think now is the "boom" phase of the investment cycle in artificial intelligence and not yet the euphoria or profit-taking, displacement or panic stages of a bursting asset-price bubble.
The yen held at 160.56 in Asia as this week's online discussion between Minister of Finance Satsuki Katayama and U.S. counterpart Scott Bessent had investors leery of possible joint intervention to support the Japanese currency.
Japan plans to examine ways to improve management of its $1.3 trillion foreign exchange reserves, according to a draft report reviewed by Reuters on Wednesday, a war chest which at the moment is believed to be mainly held as U.S. Treasuries
#ETHETFsApproved
#Robertkiyosaki
#YapayzekaAI
#NOTCOİN
#devcripto
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Asian stocks wobble after tech-led selloff, volatility risk highlightedTOKYO, June 24 (Reuters) - Asian stocks were wobbly on Wednesday, a day after a global selloff in technology and semiconductor shares, with analysts cautioning about the risk of renewed volatility.
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS), opens new tab was down 0.02%. South Korean shares (.KS11), opens new tab, which plunged 10% on Tuesday in their sharpest one-day drop since March, jumped 2.2%, while Japan's Nikkei (.N225), opens new tab was swinging between gains and losses, last down 0.8%.
Price action in markets over the last seven trading days has been alarming, not just when it falls, but also when it rises," said Michael McCarthy, market analyst at Moomoo Securities Australia. "When markets move so rapidly, in either direction, it's a sign of instability."
Risk-off sentiment swept Wall Street overnight, tracking moves in Europe and Asia. U.S. stocks fell on concerns about rising debt-funded AI spending and speculation that the Federal Reserve could adopt a more hawkish stance, while Treasury yields declined as investors sought the safety of government debt
The dollar index , which measures the greenback against a basket of currencies including the yen and the euro, rose 0.02% to 101.43, holding near its one-year high. The euro was down 0.06% at $1.1375. In Britain, the pound GBP=, opens new tab weakened 0.08% to $1.3192.
Spot gold extended losses, down 0.48% to $4,088.71 an ounce as higher rate expectations reduced the appeal of non-yielding assets.
#Launchpool
#Kriptocutrader
#JohnCarl
#HalvingUpdate
#Fatihcoşar
Asian stocks wobble after tech-led selloff, volatility risk highlighted
TOKYO, June 24 (Reuters) - Asian stocks were wobbly on Wednesday, a day after a global selloff in technology and semiconductor shares, with analysts cautioning about the risk of renewed volatility.
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS), opens new tab was down 0.02%. South Korean shares (.KS11), opens new tab, which plunged 10% on Tuesday in their sharpest one-day drop since March, jumped 2.2%, while Japan's Nikkei (.N225), opens new tab was swinging between gains and losses, last down 0.8%.
Price action in markets over the last seven trading days has been alarming, not just when it falls, but also when it rises," said Michael McCarthy, market analyst at Moomoo Securities Australia. "When markets move so rapidly, in either direction, it's a sign of instability."
Risk-off sentiment swept Wall Street overnight, tracking moves in Europe and Asia. U.S. stocks fell on concerns about rising debt-funded AI spending and speculation that the Federal Reserve could adopt a more hawkish stance, while Treasury yields declined as investors sought the safety of government debt
The dollar index , which measures the greenback against a basket of currencies including the yen and the euro, rose 0.02% to 101.43, holding near its one-year high. The euro was down 0.06% at $1.1375. In Britain, the pound GBP=, opens new tab weakened 0.08% to $1.3192.
Spot gold extended losses, down 0.48% to $4,088.71 an ounce as higher rate expectations reduced the appeal of non-yielding assets.
#Launchpool
#Kriptocutrader
#JohnCarl
#HalvingUpdate
#Fatihcoşar
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS), opens new tab was down 0.02%. South Korean shares (.KS11), opens new tab, which plunged 10% on Tuesday in their sharpest one-day drop since March, jumped 2.2%, while Japan's Nikkei (.N225), opens new tab was swinging between gains and losses, last down 0.8%.
Price action in markets over the last seven trading days has been alarming, not just when it falls, but also when it rises," said Michael McCarthy, market analyst at Moomoo Securities Australia. "When markets move so rapidly, in either direction, it's a sign of instability."
Risk-off sentiment swept Wall Street overnight, tracking moves in Europe and Asia. U.S. stocks fell on concerns about rising debt-funded AI spending and speculation that the Federal Reserve could adopt a more hawkish stance, while Treasury yields declined as investors sought the safety of government debt
The dollar index , which measures the greenback against a basket of currencies including the yen and the euro, rose 0.02% to 101.43, holding near its one-year high. The euro was down 0.06% at $1.1375. In Britain, the pound GBP=, opens new tab weakened 0.08% to $1.3192.
Spot gold extended losses, down 0.48% to $4,088.71 an ounce as higher rate expectations reduced the appeal of non-yielding assets.
#Launchpool
#Kriptocutrader
#JohnCarl
#HalvingUpdate
#Fatihcoşar
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Bank of Korea board member raises concerns about house prices, leveraged stock investmentsSEOUL, June 24 (Reuters) - A board member of the Bank of Korea, Hwang Kun-il, said the central bank would more closely monitor financial stability risks such as household debt and leveraged stock investments.
There are worries about household debt growth rising again as house prices continue to increase in the Seoul area and leveraged asset investments grow," Hwang said in remarks released with the central bank's semi-annual financial stability report.
The central bank needs to be wary of the possibility of growing inequality becoming a potential financial stability risk, Hwang said.
Volatility in financial and foreign exchange markets also increased in the first half of this year, Hwang said.
A world-beating AI-driven rally in South Korea's stock market has fuelled a boom in risky investments by retail investors, with their borrowed investments at record levels
#pepepumping
#OopsieDaisy
#IONToken
#YiHeBinance
#Robert
Bank of Korea board member raises concerns about house prices, leveraged stock investments
SEOUL, June 24 (Reuters) - A board member of the Bank of Korea, Hwang Kun-il, said the central bank would more closely monitor financial stability risks such as household debt and leveraged stock investments.
There are worries about household debt growth rising again as house prices continue to increase in the Seoul area and leveraged asset investments grow," Hwang said in remarks released with the central bank's semi-annual financial stability report.
The central bank needs to be wary of the possibility of growing inequality becoming a potential financial stability risk, Hwang said.
Volatility in financial and foreign exchange markets also increased in the first half of this year, Hwang said.
A world-beating AI-driven rally in South Korea's stock market has fuelled a boom in risky investments by retail investors, with their borrowed investments at record levels
#pepepumping
#OopsieDaisy
#IONToken
#YiHeBinance
#Robert
There are worries about household debt growth rising again as house prices continue to increase in the Seoul area and leveraged asset investments grow," Hwang said in remarks released with the central bank's semi-annual financial stability report.
The central bank needs to be wary of the possibility of growing inequality becoming a potential financial stability risk, Hwang said.
Volatility in financial and foreign exchange markets also increased in the first half of this year, Hwang said.
A world-beating AI-driven rally in South Korea's stock market has fuelled a boom in risky investments by retail investors, with their borrowed investments at record levels
#pepepumping
#OopsieDaisy
#IONToken
#YiHeBinance
#Robert
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Article
AMINA Becomes First Bank to Support Canton Coin Trading and CustodyZUG, Switzerland--(BUSINESS WIRE)--AMINA Bank AG ("AMINA"), a Swiss Financial Market Supervisory Authority (FINMA)-regulated crypto bank with global reach, today becomes the first bank to support Canton Coin (CC), the native token of Canton Network, offering custody and trading services to its clients. Canton Network is a public, privacy-preserving blockchain built for capital markets.
Canton has gained significant institutional momentum in recent months, attracting TradFi and DeFi organizations, including the DTCC, Visa, and BitGo, that are building next-generation settlement, tokenisation, custody, and collateral workflows on the network. Canton is also developing an on-chain capital markets ecosystem that encompasses repo, lending, and wrapped asset flows — all under compliance and settlement constraints designed for regulated participants.
AMINA will help reduce friction for professional investors, Super Validators, and institutions running tokenisation and settlement workflows on Canton. Through a single FINMA-regulated institution, AMINA clients can custody and trade Canton Coin with the governance they expect from an institutional banking partner.
said: “Canton Network represents something we are seeing more broadly in digital assets: infrastructure that has been purpose-built for regulated institutions, not retrofitted. By making Canton Coin available for custody and trading, AMINA is providing clients, whether they are Super Validators or investors seeking exposure to Canton Network's growth, with the regulated access they need to engage with this ecosystem. Making Canton Coin available is a deliberate step to ensure our clients have regulated access to the infrastructure underpinning institutional finance’s next chapter.”
Founded in April 2018 and established in Zug (Switzerland), AMINA Bank AG is a pioneer in the crypto banking industry. In August 2019, AMINA Bank AG received the Swiss Banking and Securities Dealer License from the Swiss Financial Market Supervisory Authority (“FINMA”). In February 2022, AMINA Bank AG, Abu Dhabi Global Markets (“ADGM”) Branch received Financial Services Permission from the Financial Services Regulatory Authority (“FSRA”) of ADGM. In November 2023, AMINA (Hong Kong) Limited received its Type 1 (Dealing in Securities), Type 4 (Advising on Securities) and Type 9 (Asset Management) licenses from the Securities and Futures Commission (“SFC”). In October 2025, the firm’s Type 1 license was further approved for uplift to include digital asset dealing services for Professional Investors under Hong Kong’s digital asset regulatory framework. In October 2025, AMINA (Austria) AG (“AMINA EU”) received its CASP license from Austria’s Financial Market Authority (“FMA”) under the Markets in Crypto-Assets (MiCAR) framework.
CVVC Global Report and CB Insights named AMINA as one of the Top 50 Companies within the blockchain ecosystem. In 2023, AMINA won the European WealthBriefing Award in the Digital Assets Solution, Fund Manager category. AMINA was most recently recognised as Institutional Digital Asset Innovation of the Year at the Hedgeweek® Global Digital Assets Awards 2025.
Canton is the only public, permissionless blockchain purpose-built for institutional finance–uniquely combining privacy, compliance, and scalability. With participation from leading global financial institutions and network governance independently facilitated by the Canton Foundation, Canton enables real-time, secure synchronization and settlement across multiple asset classes on a shared, interoperable infrastructure. The open-sourced network is powered by its native token, Canton Coin, and supports decentralized governance and collaborative application development. It’s the proven link between the promise of blockchain and the power of global finance, making finance flow the way it should.
#MicronHitsRecordHigh
#Robertkiyosaki
#NOTCOİN
#jasmyustd
#Liquidations
AMINA Becomes First Bank to Support Canton Coin Trading and Custody
ZUG, Switzerland--(BUSINESS WIRE)--AMINA Bank AG ("AMINA"), a Swiss Financial Market Supervisory Authority (FINMA)-regulated crypto bank with global reach, today becomes the first bank to support Canton Coin (CC), the native token of Canton Network, offering custody and trading services to its clients. Canton Network is a public, privacy-preserving blockchain built for capital markets.
Canton has gained significant institutional momentum in recent months, attracting TradFi and DeFi organizations, including the DTCC, Visa, and BitGo, that are building next-generation settlement, tokenisation, custody, and collateral workflows on the network. Canton is also developing an on-chain capital markets ecosystem that encompasses repo, lending, and wrapped asset flows — all under compliance and settlement constraints designed for regulated participants.
AMINA will help reduce friction for professional investors, Super Validators, and institutions running tokenisation and settlement workflows on Canton. Through a single FINMA-regulated institution, AMINA clients can custody and trade Canton Coin with the governance they expect from an institutional banking partner.
said: “Canton Network represents something we are seeing more broadly in digital assets: infrastructure that has been purpose-built for regulated institutions, not retrofitted. By making Canton Coin available for custody and trading, AMINA is providing clients, whether they are Super Validators or investors seeking exposure to Canton Network's growth, with the regulated access they need to engage with this ecosystem. Making Canton Coin available is a deliberate step to ensure our clients have regulated access to the infrastructure underpinning institutional finance’s next chapter.”
Founded in April 2018 and established in Zug (Switzerland), AMINA Bank AG is a pioneer in the crypto banking industry. In August 2019, AMINA Bank AG received the Swiss Banking and Securities Dealer License from the Swiss Financial Market Supervisory Authority (“FINMA”). In February 2022, AMINA Bank AG, Abu Dhabi Global Markets (“ADGM”) Branch received Financial Services Permission from the Financial Services Regulatory Authority (“FSRA”) of ADGM. In November 2023, AMINA (Hong Kong) Limited received its Type 1 (Dealing in Securities), Type 4 (Advising on Securities) and Type 9 (Asset Management) licenses from the Securities and Futures Commission (“SFC”). In October 2025, the firm’s Type 1 license was further approved for uplift to include digital asset dealing services for Professional Investors under Hong Kong’s digital asset regulatory framework. In October 2025, AMINA (Austria) AG (“AMINA EU”) received its CASP license from Austria’s Financial Market Authority (“FMA”) under the Markets in Crypto-Assets (MiCAR) framework.
CVVC Global Report and CB Insights named AMINA as one of the Top 50 Companies within the blockchain ecosystem. In 2023, AMINA won the European WealthBriefing Award in the Digital Assets Solution, Fund Manager category. AMINA was most recently recognised as Institutional Digital Asset Innovation of the Year at the Hedgeweek® Global Digital Assets Awards 2025.
Canton is the only public, permissionless blockchain purpose-built for institutional finance–uniquely combining privacy, compliance, and scalability. With participation from leading global financial institutions and network governance independently facilitated by the Canton Foundation, Canton enables real-time, secure synchronization and settlement across multiple asset classes on a shared, interoperable infrastructure. The open-sourced network is powered by its native token, Canton Coin, and supports decentralized governance and collaborative application development. It’s the proven link between the promise of blockchain and the power of global finance, making finance flow the way it should.
#MicronHitsRecordHigh
#Robertkiyosaki
#NOTCOİN
#jasmyustd
#Liquidations
Canton has gained significant institutional momentum in recent months, attracting TradFi and DeFi organizations, including the DTCC, Visa, and BitGo, that are building next-generation settlement, tokenisation, custody, and collateral workflows on the network. Canton is also developing an on-chain capital markets ecosystem that encompasses repo, lending, and wrapped asset flows — all under compliance and settlement constraints designed for regulated participants.
AMINA will help reduce friction for professional investors, Super Validators, and institutions running tokenisation and settlement workflows on Canton. Through a single FINMA-regulated institution, AMINA clients can custody and trade Canton Coin with the governance they expect from an institutional banking partner.
said: “Canton Network represents something we are seeing more broadly in digital assets: infrastructure that has been purpose-built for regulated institutions, not retrofitted. By making Canton Coin available for custody and trading, AMINA is providing clients, whether they are Super Validators or investors seeking exposure to Canton Network's growth, with the regulated access they need to engage with this ecosystem. Making Canton Coin available is a deliberate step to ensure our clients have regulated access to the infrastructure underpinning institutional finance’s next chapter.”
Founded in April 2018 and established in Zug (Switzerland), AMINA Bank AG is a pioneer in the crypto banking industry. In August 2019, AMINA Bank AG received the Swiss Banking and Securities Dealer License from the Swiss Financial Market Supervisory Authority (“FINMA”). In February 2022, AMINA Bank AG, Abu Dhabi Global Markets (“ADGM”) Branch received Financial Services Permission from the Financial Services Regulatory Authority (“FSRA”) of ADGM. In November 2023, AMINA (Hong Kong) Limited received its Type 1 (Dealing in Securities), Type 4 (Advising on Securities) and Type 9 (Asset Management) licenses from the Securities and Futures Commission (“SFC”). In October 2025, the firm’s Type 1 license was further approved for uplift to include digital asset dealing services for Professional Investors under Hong Kong’s digital asset regulatory framework. In October 2025, AMINA (Austria) AG (“AMINA EU”) received its CASP license from Austria’s Financial Market Authority (“FMA”) under the Markets in Crypto-Assets (MiCAR) framework.
CVVC Global Report and CB Insights named AMINA as one of the Top 50 Companies within the blockchain ecosystem. In 2023, AMINA won the European WealthBriefing Award in the Digital Assets Solution, Fund Manager category. AMINA was most recently recognised as Institutional Digital Asset Innovation of the Year at the Hedgeweek® Global Digital Assets Awards 2025.
Canton is the only public, permissionless blockchain purpose-built for institutional finance–uniquely combining privacy, compliance, and scalability. With participation from leading global financial institutions and network governance independently facilitated by the Canton Foundation, Canton enables real-time, secure synchronization and settlement across multiple asset classes on a shared, interoperable infrastructure. The open-sourced network is powered by its native token, Canton Coin, and supports decentralized governance and collaborative application development. It’s the proven link between the promise of blockchain and the power of global finance, making finance flow the way it should.
#MicronHitsRecordHigh
#Robertkiyosaki
#NOTCOİN
#jasmyustd
#Liquidations
1
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Article
Trump signs executive orders setting 2031 deadline for post-quantum migrationU.S. President Donald Trump has signed two executive orders to accelerate America's quantum innovation while protecting the country from quantum computing threats.
According to the official White House website, Trump issued Executive Orders 14409 and 14411 on Monday.
EO 14409, titled "Securing the Nation Against Advanced Cryptographic Attacks," focuses on mitigating the threats posed by large-scale quantum computers to current encryption standards
"The advent of large-scale quantum computers, particularly in the hands of adversaries, will pose a significant threat to widely used cryptographic security systems," the order said. "Ongoing cyber activity against our Nation also presents the risk of adversaries collecting United States information now, and decrypting it later once large-scale quantum computers are operational
The order directed federal agencies to transition key information systems and high-value assets to National Institute of Standards and Technology (NIST)-approved Federal Information Processing Standards (FIPS) for Post-Quantum Cryptography (PQC)
For this transition, the order set hard deadlines — it mandated that all high-value assets and high-impact systems transition to PQC for key establishment by the end of 2030 and PQC for digital signatures by the end of 2031
"Within 180 days of the date of this order, the Secretary of Commerce, through the Director of NIST, shall initiate a pilot project for PQC migration on an appropriate subset of information systems owned or operated by NIST, to be completed no later than December 31, 2027," the order added
Meanwhile, EO 14411 — "Ushering In the Next Frontier of Quantum Innovation" — established a roadmap for the U.S. to utilize the commercial and research benefits of quantum information science and technology (QIST).
The order directed relevant agencies and authorities to update the national quantum strategy with policies designed to support the QIST ecosystem. It also established the Quantum Computer for Application Development and Discovery Science (QC-ADDS) effort, which aims to develop quantum computers at a scale capable of supporting scientific breakthroughs.
Within 60 days of the date of this order, the Secretary of War shall identify at least three next-generation quantum sensor projects to prioritize to field these sensors by September 30, 2028," the order said.
The order also called for strengthening domestic quantum supply chains and training quantum-workforce.
#satoshiNakamato
#Fatihcoşar
#HalvingUpdate
#VETUSDT
#MantaRWA
Trump signs executive orders setting 2031 deadline for post-quantum migration
U.S. President Donald Trump has signed two executive orders to accelerate America's quantum innovation while protecting the country from quantum computing threats.
According to the official White House website, Trump issued Executive Orders 14409 and 14411 on Monday.
EO 14409, titled "Securing the Nation Against Advanced Cryptographic Attacks," focuses on mitigating the threats posed by large-scale quantum computers to current encryption standards
"The advent of large-scale quantum computers, particularly in the hands of adversaries, will pose a significant threat to widely used cryptographic security systems," the order said. "Ongoing cyber activity against our Nation also presents the risk of adversaries collecting United States information now, and decrypting it later once large-scale quantum computers are operational
The order directed federal agencies to transition key information systems and high-value assets to National Institute of Standards and Technology (NIST)-approved Federal Information Processing Standards (FIPS) for Post-Quantum Cryptography (PQC)
For this transition, the order set hard deadlines — it mandated that all high-value assets and high-impact systems transition to PQC for key establishment by the end of 2030 and PQC for digital signatures by the end of 2031
"Within 180 days of the date of this order, the Secretary of Commerce, through the Director of NIST, shall initiate a pilot project for PQC migration on an appropriate subset of information systems owned or operated by NIST, to be completed no later than December 31, 2027," the order added
Meanwhile, EO 14411 — "Ushering In the Next Frontier of Quantum Innovation" — established a roadmap for the U.S. to utilize the commercial and research benefits of quantum information science and technology (QIST).
The order directed relevant agencies and authorities to update the national quantum strategy with policies designed to support the QIST ecosystem. It also established the Quantum Computer for Application Development and Discovery Science (QC-ADDS) effort, which aims to develop quantum computers at a scale capable of supporting scientific breakthroughs.
Within 60 days of the date of this order, the Secretary of War shall identify at least three next-generation quantum sensor projects to prioritize to field these sensors by September 30, 2028," the order said.
The order also called for strengthening domestic quantum supply chains and training quantum-workforce.
#satoshiNakamato
#Fatihcoşar
#HalvingUpdate
#VETUSDT
#MantaRWA
According to the official White House website, Trump issued Executive Orders 14409 and 14411 on Monday.
EO 14409, titled "Securing the Nation Against Advanced Cryptographic Attacks," focuses on mitigating the threats posed by large-scale quantum computers to current encryption standards
"The advent of large-scale quantum computers, particularly in the hands of adversaries, will pose a significant threat to widely used cryptographic security systems," the order said. "Ongoing cyber activity against our Nation also presents the risk of adversaries collecting United States information now, and decrypting it later once large-scale quantum computers are operational
The order directed federal agencies to transition key information systems and high-value assets to National Institute of Standards and Technology (NIST)-approved Federal Information Processing Standards (FIPS) for Post-Quantum Cryptography (PQC)
For this transition, the order set hard deadlines — it mandated that all high-value assets and high-impact systems transition to PQC for key establishment by the end of 2030 and PQC for digital signatures by the end of 2031
"Within 180 days of the date of this order, the Secretary of Commerce, through the Director of NIST, shall initiate a pilot project for PQC migration on an appropriate subset of information systems owned or operated by NIST, to be completed no later than December 31, 2027," the order added
Meanwhile, EO 14411 — "Ushering In the Next Frontier of Quantum Innovation" — established a roadmap for the U.S. to utilize the commercial and research benefits of quantum information science and technology (QIST).
The order directed relevant agencies and authorities to update the national quantum strategy with policies designed to support the QIST ecosystem. It also established the Quantum Computer for Application Development and Discovery Science (QC-ADDS) effort, which aims to develop quantum computers at a scale capable of supporting scientific breakthroughs.
Within 60 days of the date of this order, the Secretary of War shall identify at least three next-generation quantum sensor projects to prioritize to field these sensors by September 30, 2028," the order said.
The order also called for strengthening domestic quantum supply chains and training quantum-workforce.
#satoshiNakamato
#Fatihcoşar
#HalvingUpdate
#VETUSDT
#MantaRWA
2
3
1.9k
Article
Bank of England backs down on strict stablecoin holding limits, sets $50 billion issuance capThe U.K. central bank abandons retail holding limits for a 40-billion-pound aggregate cap and sweetens yield terms for token issuers ahead of a 2027 market launch.
he Bank of England officially reversed its controversial proposal to limit how much stablecoin individuals and consumers could hold, bowing to pressure from a U.K. House of Lords committee and the crypto industry.
The central bank said it will abandon its plans to impose a £20,000 ($27,000) holding limit on individuals and a £10 million limit on corporations, in a statement on Monday, Instead, the BOE is pivoting to a macro-level "temporary issuance guardrail," capping the total circulation of any single systemic stablecoin at £40 billion ($50.6 billion).
The central bank also lowered to 30% the amount of backing assets in central deposits yielding no interest they require issuers of stablecoins, digital currency pegged to fiat, to have. This allows for stablecoin firms permitting companies to allocate up to 70% of their reserves into yield-generating, short-term U.K. government debt (T-bills) with maturities under six months, according to the statement.
While issuers can harvest yield from these T-bills, the BoE is strictly banning companies from paying interest or dividends directly to users for simply holding the stablecoin. However, the bank is explicitly permitting activity-based rewards, such as cash-back tokens or loyalty points linked directly to payment transactions via Web3 apps.
The BOE said it agreed with feedback received during a consultation period that ended earlier this month which suggested its proposed restrictions affected business model viability and international competitiveness. “We acknowledge the issues raised and have reviewed the analysis supporting the calibration,” the bank said.
Under the new framework, everyday users and large businesses will no longer face restrictions on the amount, frequency or type of stablecoin transactions they can make. The BOE noted that the new stablecoin issuer cap is designed to protect the broader U.K. credit system from sudden capital flight while allowing innovation, global competition and growth to take place.
The bank said it intends to scale back and eventually eliminate the guardrail entirely once the market stabilizes. Following a final feedback window closing in September, the new framework will clear the runway for regulated stablecoins to officially go live in the U.K. in 2027, when the country’s crypto rules are expected to come into effect.
#BendingSpoonsSeeking$1.62BIPO
#BrentCrudeDropsOver3%To$77
#IranCutsCrudePrices
#OilRebounds3%
#Kriptocutrader
Bank of England backs down on strict stablecoin holding limits, sets $50 billion issuance cap
The U.K. central bank abandons retail holding limits for a 40-billion-pound aggregate cap and sweetens yield terms for token issuers ahead of a 2027 market launch.
he Bank of England officially reversed its controversial proposal to limit how much stablecoin individuals and consumers could hold, bowing to pressure from a U.K. House of Lords committee and the crypto industry.
The central bank said it will abandon its plans to impose a £20,000 ($27,000) holding limit on individuals and a £10 million limit on corporations, in a statement on Monday, Instead, the BOE is pivoting to a macro-level "temporary issuance guardrail," capping the total circulation of any single systemic stablecoin at £40 billion ($50.6 billion).
The central bank also lowered to 30% the amount of backing assets in central deposits yielding no interest they require issuers of stablecoins, digital currency pegged to fiat, to have. This allows for stablecoin firms permitting companies to allocate up to 70% of their reserves into yield-generating, short-term U.K. government debt (T-bills) with maturities under six months, according to the statement.
While issuers can harvest yield from these T-bills, the BoE is strictly banning companies from paying interest or dividends directly to users for simply holding the stablecoin. However, the bank is explicitly permitting activity-based rewards, such as cash-back tokens or loyalty points linked directly to payment transactions via Web3 apps.
The BOE said it agreed with feedback received during a consultation period that ended earlier this month which suggested its proposed restrictions affected business model viability and international competitiveness. “We acknowledge the issues raised and have reviewed the analysis supporting the calibration,” the bank said.
Under the new framework, everyday users and large businesses will no longer face restrictions on the amount, frequency or type of stablecoin transactions they can make. The BOE noted that the new stablecoin issuer cap is designed to protect the broader U.K. credit system from sudden capital flight while allowing innovation, global competition and growth to take place.
The bank said it intends to scale back and eventually eliminate the guardrail entirely once the market stabilizes. Following a final feedback window closing in September, the new framework will clear the runway for regulated stablecoins to officially go live in the U.K. in 2027, when the country’s crypto rules are expected to come into effect.
#BendingSpoonsSeeking$1.62BIPO
#BrentCrudeDropsOver3%To$77
#IranCutsCrudePrices
#OilRebounds3%
#Kriptocutrader
he Bank of England officially reversed its controversial proposal to limit how much stablecoin individuals and consumers could hold, bowing to pressure from a U.K. House of Lords committee and the crypto industry.
The central bank said it will abandon its plans to impose a £20,000 ($27,000) holding limit on individuals and a £10 million limit on corporations, in a statement on Monday, Instead, the BOE is pivoting to a macro-level "temporary issuance guardrail," capping the total circulation of any single systemic stablecoin at £40 billion ($50.6 billion).
The central bank also lowered to 30% the amount of backing assets in central deposits yielding no interest they require issuers of stablecoins, digital currency pegged to fiat, to have. This allows for stablecoin firms permitting companies to allocate up to 70% of their reserves into yield-generating, short-term U.K. government debt (T-bills) with maturities under six months, according to the statement.
While issuers can harvest yield from these T-bills, the BoE is strictly banning companies from paying interest or dividends directly to users for simply holding the stablecoin. However, the bank is explicitly permitting activity-based rewards, such as cash-back tokens or loyalty points linked directly to payment transactions via Web3 apps.
The BOE said it agreed with feedback received during a consultation period that ended earlier this month which suggested its proposed restrictions affected business model viability and international competitiveness. “We acknowledge the issues raised and have reviewed the analysis supporting the calibration,” the bank said.
Under the new framework, everyday users and large businesses will no longer face restrictions on the amount, frequency or type of stablecoin transactions they can make. The BOE noted that the new stablecoin issuer cap is designed to protect the broader U.K. credit system from sudden capital flight while allowing innovation, global competition and growth to take place.
The bank said it intends to scale back and eventually eliminate the guardrail entirely once the market stabilizes. Following a final feedback window closing in September, the new framework will clear the runway for regulated stablecoins to officially go live in the U.K. in 2027, when the country’s crypto rules are expected to come into effect.
#BendingSpoonsSeeking$1.62BIPO
#BrentCrudeDropsOver3%To$77
#IranCutsCrudePrices
#OilRebounds3%
#Kriptocutrader
51
Article
Crypto's second U.S. lobbying front — tax policy — sees industry push on mining, stakingThe crypto sector's leading U.S. advocacy groups asked the U.S. House's tax committee to advance a bill to clarify treatment of assets from mining and staking.
op U.S. crypto lobbying groups united to ask that the U.S. House of Representatives embrace a bill that gives digital assets miners and recipients of staking rewards an option for deciding when to take a tax hit on the new assets — either when they're first obtained or when the holders ultimately unload the cryptocurrency.
The policy outlined by one of several crypto tax bills currently contemplated by the U.S. House Ways and Means Committee, the Tax Clarity for Mining and Staking Act offered by Representative Mike Carey, should be advanced in Congress, according to an industry letter addressed to the Republican chairman and senior Democrat of the tax panel dated Sunday
The tax code should not force Americans who help secure decentralized networks to sell assets before they can reasonably monetize them simply to satisfy an immediate tax obligation," said Summer Mersinger, CEO of the Blockchain Association, in a statement alongside her counterparts at the Digital Chamber and the Crypto Council for Innovation, who joined to send the letter that advocated the legislation get advanced as-is.
While the top focus of the industry remains the Digital Asset Market Clarity Act that would establish a full U.S. regulatory regime for crypto activity, its second priority has been on crypto taxation, which was the central thrust of a June 9 committee hearing discussing several bills, including the legislation from Carey, an Ohio Republican.
Crypto tax policy has been approached by a number of legislative efforts over the years. The latest House bills remain at a fairly early stage of the process, while the current congressional session is facing its final months, so it's uncertain what their viability is at this stage.
The Senate's crypto bandwidth is taken up at the moment with the Clarity Act, which is still in heavy negotiations even as the final days tick down toward a make-or-break moment. Crypto insiders are pinning their hopes on it arriving to the Senate floor by mid-July, though a number of its most contentious provisions haven't yet been definitively worked out.
#BendingSpoonsSeeking$1.62BIPO
#BrentCrudeDropsOver3%To$77
#SpaceXPremarketFalls4.6%
#IranCutsCrudePrices
#OilRebounds3%
Crypto's second U.S. lobbying front — tax policy — sees industry push on mining, staking
The crypto sector's leading U.S. advocacy groups asked the U.S. House's tax committee to advance a bill to clarify treatment of assets from mining and staking.
op U.S. crypto lobbying groups united to ask that the U.S. House of Representatives embrace a bill that gives digital assets miners and recipients of staking rewards an option for deciding when to take a tax hit on the new assets — either when they're first obtained or when the holders ultimately unload the cryptocurrency.
The policy outlined by one of several crypto tax bills currently contemplated by the U.S. House Ways and Means Committee, the Tax Clarity for Mining and Staking Act offered by Representative Mike Carey, should be advanced in Congress, according to an industry letter addressed to the Republican chairman and senior Democrat of the tax panel dated Sunday
The tax code should not force Americans who help secure decentralized networks to sell assets before they can reasonably monetize them simply to satisfy an immediate tax obligation," said Summer Mersinger, CEO of the Blockchain Association, in a statement alongside her counterparts at the Digital Chamber and the Crypto Council for Innovation, who joined to send the letter that advocated the legislation get advanced as-is.
While the top focus of the industry remains the Digital Asset Market Clarity Act that would establish a full U.S. regulatory regime for crypto activity, its second priority has been on crypto taxation, which was the central thrust of a June 9 committee hearing discussing several bills, including the legislation from Carey, an Ohio Republican.
Crypto tax policy has been approached by a number of legislative efforts over the years. The latest House bills remain at a fairly early stage of the process, while the current congressional session is facing its final months, so it's uncertain what their viability is at this stage.
The Senate's crypto bandwidth is taken up at the moment with the Clarity Act, which is still in heavy negotiations even as the final days tick down toward a make-or-break moment. Crypto insiders are pinning their hopes on it arriving to the Senate floor by mid-July, though a number of its most contentious provisions haven't yet been definitively worked out.
#BendingSpoonsSeeking$1.62BIPO
#BrentCrudeDropsOver3%To$77
#SpaceXPremarketFalls4.6%
#IranCutsCrudePrices
#OilRebounds3%
op U.S. crypto lobbying groups united to ask that the U.S. House of Representatives embrace a bill that gives digital assets miners and recipients of staking rewards an option for deciding when to take a tax hit on the new assets — either when they're first obtained or when the holders ultimately unload the cryptocurrency.
The policy outlined by one of several crypto tax bills currently contemplated by the U.S. House Ways and Means Committee, the Tax Clarity for Mining and Staking Act offered by Representative Mike Carey, should be advanced in Congress, according to an industry letter addressed to the Republican chairman and senior Democrat of the tax panel dated Sunday
The tax code should not force Americans who help secure decentralized networks to sell assets before they can reasonably monetize them simply to satisfy an immediate tax obligation," said Summer Mersinger, CEO of the Blockchain Association, in a statement alongside her counterparts at the Digital Chamber and the Crypto Council for Innovation, who joined to send the letter that advocated the legislation get advanced as-is.
While the top focus of the industry remains the Digital Asset Market Clarity Act that would establish a full U.S. regulatory regime for crypto activity, its second priority has been on crypto taxation, which was the central thrust of a June 9 committee hearing discussing several bills, including the legislation from Carey, an Ohio Republican.
Crypto tax policy has been approached by a number of legislative efforts over the years. The latest House bills remain at a fairly early stage of the process, while the current congressional session is facing its final months, so it's uncertain what their viability is at this stage.
The Senate's crypto bandwidth is taken up at the moment with the Clarity Act, which is still in heavy negotiations even as the final days tick down toward a make-or-break moment. Crypto insiders are pinning their hopes on it arriving to the Senate floor by mid-July, though a number of its most contentious provisions haven't yet been definitively worked out.
#BendingSpoonsSeeking$1.62BIPO
#BrentCrudeDropsOver3%To$77
#SpaceXPremarketFalls4.6%
#IranCutsCrudePrices
#OilRebounds3%
70
Article
South Korea's finance minister says current FX level 'excessive'SEOUL, June 23 (Reuters) - South Korea's Finance Minister Koo Yun-cheol said at a cabinet meeting on Tuesday that the current foreign exchange level at around mid-1,500 won per U.S. dollar is "excessive" compared to the country's fundamentals.
Asked by South Korean President Lee Jae Myung about why the won is so weak despite strong exports and a record-high current account surplus, Koo said profit-taking by foreign investors holding local equities was putting downward pressure on the currency.
Foreign investors are estimated to have sold around 140 trillion won ($91.21 billion) for portfolio rebalancing during a rapid rally of the South Korean stock market, Koo said, without elaborating on the period.
#PEPEATH
#HalvingUpdate
#MegadropLista
#TrendingTopic
#Ripple
South Korea's finance minister says current FX level 'excessive'
SEOUL, June 23 (Reuters) - South Korea's Finance Minister Koo Yun-cheol said at a cabinet meeting on Tuesday that the current foreign exchange level at around mid-1,500 won per U.S. dollar is "excessive" compared to the country's fundamentals.
Asked by South Korean President Lee Jae Myung about why the won is so weak despite strong exports and a record-high current account surplus, Koo said profit-taking by foreign investors holding local equities was putting downward pressure on the currency.
Foreign investors are estimated to have sold around 140 trillion won ($91.21 billion) for portfolio rebalancing during a rapid rally of the South Korean stock market, Koo said, without elaborating on the period.
#PEPEATH
#HalvingUpdate
#MegadropLista
#TrendingTopic
#Ripple
Asked by South Korean President Lee Jae Myung about why the won is so weak despite strong exports and a record-high current account surplus, Koo said profit-taking by foreign investors holding local equities was putting downward pressure on the currency.
Foreign investors are estimated to have sold around 140 trillion won ($91.21 billion) for portfolio rebalancing during a rapid rally of the South Korean stock market, Koo said, without elaborating on the period.
#PEPEATH
#HalvingUpdate
#MegadropLista
#TrendingTopic
#Ripple
339
Article
From Matric Results to Market Realities: Why Entrepreneurship Education is South Africa’s Blind SpotIn January every year, South Africa pauses to take stock of its future as the National Senior Certificate results are released. Across the country, families celebrate hard-won passes, distinctions circulate on social media, and schools proudly showcase their top achievers. These moments matter.
They reflect perseverance in a system that routinely asks young people to succeed against formidable odds
Yet as this year’s results were announced, I was thousands of kilometres away, attending an international symposium on entrepreneurship education at Babson College in the United States.
This is an institution widely regarded as the global epicentre of entrepreneurship education. The contrast was not merely symbolic, it was instructive.
South Africa celebrates educational milestones with ceremony, but too often fails to connect schooling to the economic realities young people face once the applause fades. Each year, close to 900 000 learners write matric. Roughly 650 000 obtain the certificate.
A more coherent approach would embed entrepreneurship as a learning method across the schooling journey, invest in educator capability, and strengthen institutional links between schools, communities, and the economy.
This includes exposing learners to real-world value chains, entrepreneurs, and economic problems
Standing at Babson, surrounded by educators from across the world, one conclusion became unavoidable: countries that thrive will be those that equip their young people to act, not merely to qualify.
Celebration is important. But transformation is essential. If we get entrepreneurship education right, matric results will no longer mark an ending, but the beginning of multiple, credible futures.
#MegadropLista
#IranCutsCrudePrices
#Binance
#VOTEme
#coinaute
From Matric Results to Market Realities: Why Entrepreneurship Education is South Africa’s Blind Spot
In January every year, South Africa pauses to take stock of its future as the National Senior Certificate results are released. Across the country, families celebrate hard-won passes, distinctions circulate on social media, and schools proudly showcase their top achievers. These moments matter.
They reflect perseverance in a system that routinely asks young people to succeed against formidable odds
Yet as this year’s results were announced, I was thousands of kilometres away, attending an international symposium on entrepreneurship education at Babson College in the United States.
This is an institution widely regarded as the global epicentre of entrepreneurship education. The contrast was not merely symbolic, it was instructive.
South Africa celebrates educational milestones with ceremony, but too often fails to connect schooling to the economic realities young people face once the applause fades. Each year, close to 900 000 learners write matric. Roughly 650 000 obtain the certificate.
A more coherent approach would embed entrepreneurship as a learning method across the schooling journey, invest in educator capability, and strengthen institutional links between schools, communities, and the economy.
This includes exposing learners to real-world value chains, entrepreneurs, and economic problems
Standing at Babson, surrounded by educators from across the world, one conclusion became unavoidable: countries that thrive will be those that equip their young people to act, not merely to qualify.
Celebration is important. But transformation is essential. If we get entrepreneurship education right, matric results will no longer mark an ending, but the beginning of multiple, credible futures.
#MegadropLista
#IranCutsCrudePrices
#Binance
#VOTEme
#coinaute
They reflect perseverance in a system that routinely asks young people to succeed against formidable odds
Yet as this year’s results were announced, I was thousands of kilometres away, attending an international symposium on entrepreneurship education at Babson College in the United States.
This is an institution widely regarded as the global epicentre of entrepreneurship education. The contrast was not merely symbolic, it was instructive.
South Africa celebrates educational milestones with ceremony, but too often fails to connect schooling to the economic realities young people face once the applause fades. Each year, close to 900 000 learners write matric. Roughly 650 000 obtain the certificate.
A more coherent approach would embed entrepreneurship as a learning method across the schooling journey, invest in educator capability, and strengthen institutional links between schools, communities, and the economy.
This includes exposing learners to real-world value chains, entrepreneurs, and economic problems
Standing at Babson, surrounded by educators from across the world, one conclusion became unavoidable: countries that thrive will be those that equip their young people to act, not merely to qualify.
Celebration is important. But transformation is essential. If we get entrepreneurship education right, matric results will no longer mark an ending, but the beginning of multiple, credible futures.
#MegadropLista
#IranCutsCrudePrices
#Binance
#VOTEme
#coinaute
4
Article
Expropriation of private property in South Africa backfiresThe City of Tshwane has been dealt a major blow by the Supreme Court of Appeal (SCA), which barred the metro from expropriating privately owned property to circumvent another court order.
The case arose after hundreds of unlawful occupiers settled on land owned by Summer Season Trading 63 (Pty) Ltd
Following protracted litigation, the landowner secured an eviction order, where the City of Tshwane was directed to provide alternative accommodation to the occupiers
However, according to Werksmans Attorneys, rather than implementing the eviction and relocation process, the city expropriated the property
Importantly, the SCA did not disregard the realities of South Africa’s housing crisis. It acknowledged that occupiers had established long-standing communities, with homes, livelihoods, and social networks rooted in the land,” Mabasa said.
However, it drew a principled distinction between the state’s constitutional obligation to provide access to housing and the rights of private landowners
The primary responsibility to address homelessness rests with the state, not with individuals whose land has been unlawfully occupied,” the expert said
While eviction must always be just and equitable, ownership rights are not extinguished by prolonged unlawful occupation,” Mabasa said
“This preserves the constitutional balance, and socio-economic rights are safeguarded, but not at the cost of undermining property rights or the rule of law
#SpaceXPremarketFalls4.6%
#IranCutsCrudePrices
#OilRebounds3%
#BinanceToOpenXLMSpotTrading
#BankOfEnglandSoftensStablecoinRules
Expropriation of private property in South Africa backfires
The City of Tshwane has been dealt a major blow by the Supreme Court of Appeal (SCA), which barred the metro from expropriating privately owned property to circumvent another court order.
The case arose after hundreds of unlawful occupiers settled on land owned by Summer Season Trading 63 (Pty) Ltd
Following protracted litigation, the landowner secured an eviction order, where the City of Tshwane was directed to provide alternative accommodation to the occupiers
However, according to Werksmans Attorneys, rather than implementing the eviction and relocation process, the city expropriated the property
Importantly, the SCA did not disregard the realities of South Africa’s housing crisis. It acknowledged that occupiers had established long-standing communities, with homes, livelihoods, and social networks rooted in the land,” Mabasa said.
However, it drew a principled distinction between the state’s constitutional obligation to provide access to housing and the rights of private landowners
The primary responsibility to address homelessness rests with the state, not with individuals whose land has been unlawfully occupied,” the expert said
While eviction must always be just and equitable, ownership rights are not extinguished by prolonged unlawful occupation,” Mabasa said
“This preserves the constitutional balance, and socio-economic rights are safeguarded, but not at the cost of undermining property rights or the rule of law
#SpaceXPremarketFalls4.6%
#IranCutsCrudePrices
#OilRebounds3%
#BinanceToOpenXLMSpotTrading
#BankOfEnglandSoftensStablecoinRules
The case arose after hundreds of unlawful occupiers settled on land owned by Summer Season Trading 63 (Pty) Ltd
Following protracted litigation, the landowner secured an eviction order, where the City of Tshwane was directed to provide alternative accommodation to the occupiers
However, according to Werksmans Attorneys, rather than implementing the eviction and relocation process, the city expropriated the property
Importantly, the SCA did not disregard the realities of South Africa’s housing crisis. It acknowledged that occupiers had established long-standing communities, with homes, livelihoods, and social networks rooted in the land,” Mabasa said.
However, it drew a principled distinction between the state’s constitutional obligation to provide access to housing and the rights of private landowners
The primary responsibility to address homelessness rests with the state, not with individuals whose land has been unlawfully occupied,” the expert said
While eviction must always be just and equitable, ownership rights are not extinguished by prolonged unlawful occupation,” Mabasa said
“This preserves the constitutional balance, and socio-economic rights are safeguarded, but not at the cost of undermining property rights or the rule of law
#SpaceXPremarketFalls4.6%
#IranCutsCrudePrices
#OilRebounds3%
#BinanceToOpenXLMSpotTrading
#BankOfEnglandSoftensStablecoinRules
1
336
Article
South Africa has a new number one university in Gauteng – second only to UCT nationallyThe University of Johannesburg (UJ) has risen remarkably in the latest Quacquarelli Symonds (QS) World University Rankings for 2027, shooting up to second place in South Africa.
This places the university above Stellenbosch University and the University of the Witwatersrand, the latter of which has fallen to fourth nationally.
UJ climbed to its highest-ever position in the QS World University Rankings, rising 16 places to rank 292nd overall, marking a milestone within the top 300.
The university has been climbing the rankings over the years, moving up and out of the 601-650 band a decade ago.
After shooting up the QS rankings in 2024 to hit 264th place, it has been gradually slipping down the list.
UCT was once again ranked as the leading university in Africa and South Africa, but also saw a notable slide in the rankings, dropping 34 places.
Regardless, the university maintained its position in the top 200 globally for the fourth successive year (2024-2027), having fallen outside this range for the preceding three years (2021-2023).
The global higher education landscape is becoming more competitive each year. Universities in Asia, Europe and the Middle East continue to invest heavily in research capacity, internationalisation and student success,” UCT said.
Since the 2024 ranking, the group has added a five per cent weight to Sustainability to reflect the crucial role universities play in charting the course and driving change towards a more sustainable future.
#Uniswp
#yescoin
#jasmyustd
#kdmrcrypto
#LISTAAirdrop
South Africa has a new number one university in Gauteng – second only to UCT nationally
The University of Johannesburg (UJ) has risen remarkably in the latest Quacquarelli Symonds (QS) World University Rankings for 2027, shooting up to second place in South Africa.
This places the university above Stellenbosch University and the University of the Witwatersrand, the latter of which has fallen to fourth nationally.
UJ climbed to its highest-ever position in the QS World University Rankings, rising 16 places to rank 292nd overall, marking a milestone within the top 300.
The university has been climbing the rankings over the years, moving up and out of the 601-650 band a decade ago.
After shooting up the QS rankings in 2024 to hit 264th place, it has been gradually slipping down the list.
UCT was once again ranked as the leading university in Africa and South Africa, but also saw a notable slide in the rankings, dropping 34 places.
Regardless, the university maintained its position in the top 200 globally for the fourth successive year (2024-2027), having fallen outside this range for the preceding three years (2021-2023).
The global higher education landscape is becoming more competitive each year. Universities in Asia, Europe and the Middle East continue to invest heavily in research capacity, internationalisation and student success,” UCT said.
Since the 2024 ranking, the group has added a five per cent weight to Sustainability to reflect the crucial role universities play in charting the course and driving change towards a more sustainable future.
#Uniswp
#yescoin
#jasmyustd
#kdmrcrypto
#LISTAAirdrop
This places the university above Stellenbosch University and the University of the Witwatersrand, the latter of which has fallen to fourth nationally.
UJ climbed to its highest-ever position in the QS World University Rankings, rising 16 places to rank 292nd overall, marking a milestone within the top 300.
The university has been climbing the rankings over the years, moving up and out of the 601-650 band a decade ago.
After shooting up the QS rankings in 2024 to hit 264th place, it has been gradually slipping down the list.
UCT was once again ranked as the leading university in Africa and South Africa, but also saw a notable slide in the rankings, dropping 34 places.
Regardless, the university maintained its position in the top 200 globally for the fourth successive year (2024-2027), having fallen outside this range for the preceding three years (2021-2023).
The global higher education landscape is becoming more competitive each year. Universities in Asia, Europe and the Middle East continue to invest heavily in research capacity, internationalisation and student success,” UCT said.
Since the 2024 ranking, the group has added a five per cent weight to Sustainability to reflect the crucial role universities play in charting the course and driving change towards a more sustainable future.
#Uniswp
#yescoin
#jasmyustd
#kdmrcrypto
#LISTAAirdrop
1
8
Article
Bitcoin price may be headed to $54,000, says analyst who forecast October's all-time highhawkish Fed. Rising bond yields. Concerns about Strategy (MSTR). Bitcoinalready has plenty working against it. Now an ominous chart pattern is adding to the uncertainty.
The pattern is called a bear flag, and a breakdown could send the price of the largest cryptocurrency to as low as $54,000 initially, according to pseudonymous trader Doctor Profit, who called BTC's bull-market peak at $126,000 and the subsequent selloff.
Bitcoin is now forming a massive bearish flag on the daily timeframe," the trader wrote on X. "My target is a dump to 54-56k region first before we move sideways once again and afterwards another leg down and the bottom is close in the region between 40-50k in my opinion."
Drawn on a chart, the pattern looks like a flag on a pole that's been flipped upside down. Here's how it works: An asset drops sharply and then sees a relief bounce. The slide represents the pole and the bounce becomes the flag. When the price drops below the lower end of the flag, it deepens the selloff, with the downward move roughly the same size as the initial decline.
Doctor Profit's chart identifies bitcoin's selloff from the May high of $82,000 to under $60,000 by June 5 as the pole and the recent bounce to $68,000 as the flag.
It's worth keeping in mind that chart patterns aren't science. Two analysts can look at the same graph and draw the flag differently. Bear flags break down, but they also fail, and price can just as easily turn higher.
That said, recent options market flows are consistent with Doctor Profit's conclusion. Last week, traders bought put options, signaling expectations of a near-term price slide to $52,000.
#SpaceXPremarketFalls4.6%
#IranCutsCrudePrices
#Robertkiyosaki
#xmucan
#Mktreader
Bitcoin price may be headed to $54,000, says analyst who forecast October's all-time high
hawkish Fed. Rising bond yields. Concerns about Strategy (MSTR). Bitcoinalready has plenty working against it. Now an ominous chart pattern is adding to the uncertainty.
The pattern is called a bear flag, and a breakdown could send the price of the largest cryptocurrency to as low as $54,000 initially, according to pseudonymous trader Doctor Profit, who called BTC's bull-market peak at $126,000 and the subsequent selloff.
Bitcoin is now forming a massive bearish flag on the daily timeframe," the trader wrote on X. "My target is a dump to 54-56k region first before we move sideways once again and afterwards another leg down and the bottom is close in the region between 40-50k in my opinion."
Drawn on a chart, the pattern looks like a flag on a pole that's been flipped upside down. Here's how it works: An asset drops sharply and then sees a relief bounce. The slide represents the pole and the bounce becomes the flag. When the price drops below the lower end of the flag, it deepens the selloff, with the downward move roughly the same size as the initial decline.
Doctor Profit's chart identifies bitcoin's selloff from the May high of $82,000 to under $60,000 by June 5 as the pole and the recent bounce to $68,000 as the flag.
It's worth keeping in mind that chart patterns aren't science. Two analysts can look at the same graph and draw the flag differently. Bear flags break down, but they also fail, and price can just as easily turn higher.
That said, recent options market flows are consistent with Doctor Profit's conclusion. Last week, traders bought put options, signaling expectations of a near-term price slide to $52,000.
#SpaceXPremarketFalls4.6%
#IranCutsCrudePrices
#Robertkiyosaki
#xmucan
#Mktreader
The pattern is called a bear flag, and a breakdown could send the price of the largest cryptocurrency to as low as $54,000 initially, according to pseudonymous trader Doctor Profit, who called BTC's bull-market peak at $126,000 and the subsequent selloff.
Bitcoin is now forming a massive bearish flag on the daily timeframe," the trader wrote on X. "My target is a dump to 54-56k region first before we move sideways once again and afterwards another leg down and the bottom is close in the region between 40-50k in my opinion."
Drawn on a chart, the pattern looks like a flag on a pole that's been flipped upside down. Here's how it works: An asset drops sharply and then sees a relief bounce. The slide represents the pole and the bounce becomes the flag. When the price drops below the lower end of the flag, it deepens the selloff, with the downward move roughly the same size as the initial decline.
Doctor Profit's chart identifies bitcoin's selloff from the May high of $82,000 to under $60,000 by June 5 as the pole and the recent bounce to $68,000 as the flag.
It's worth keeping in mind that chart patterns aren't science. Two analysts can look at the same graph and draw the flag differently. Bear flags break down, but they also fail, and price can just as easily turn higher.
That said, recent options market flows are consistent with Doctor Profit's conclusion. Last week, traders bought put options, signaling expectations of a near-term price slide to $52,000.
#SpaceXPremarketFalls4.6%
#IranCutsCrudePrices
#Robertkiyosaki
#xmucan
#Mktreader
1
14
Article
Are perps swaps? A quick look at that CME suit: State of CryptoCME Group sued the CFTC on Thursday, alleging that the agency was wrong in how it approved Kalshi's first U.S. perpetual futures product.
ME Group filed a lawsuit against the Commodity Futures Trading Commission alleging it should not have approved Kalshi's perpetual futures contracts the way it did and asking a court to vacate the approval and self-certified products
CME Group sued the CFTC on Thursday, alleging the agency did not properly consider prediction market provider Kalshi's application to list perpetual futures contracts before granting the application. The suit came a day after outgoing CEO Terry Duffy announced it would file over the approval granted at the end of May.
It is — not to put too fine a point on it — somewhat unusual for a company as established as CME to sue its primary regulator. Perpetual futures, otherwise known as perps, are relatively new and the crypto industry is a major part of these contracts. CME's lawsuit is alleging procedural issues, saying how the CFTC went about its approval of Kalshi's perps violated Dodd-Frank and risk harming the company
CME is arguing that perps are harmful to its long-dated futures products. The lawsuit alleges that the CFTC did not consider the ramifications of approving perps, and that these products are actually "swaps" as defined by the Dodd-Frank Act, and not "futures
Each term carries implications for how the products themselves are to be regulated and what the requirements are for the companies issuing them are. CME CEO Terrence Duffy, who recently announced he's stepping down next year, told CNBC last week that the distinction mandates different rules for participants
"The CFTC did not engage in its own analysis of whether its approval of Kalshi’s Bitcoin perpetual as a future is consistent with law," CME's lawsuit said. "The CFTC did not even mention the relevant Dodd-Frank provision defining 'swap.' Indeed, the word 'swap' appears nowhere in the Order
What's interesting is that the actual landscape of companies securing designated contract market (DCM) approvals and moving into perps is growing quite rapidly. On the same day the CFTC granted Kalshi's application, it sent a no-action letter to Coinbase, seemingly opening the door for that exchange to list perps as well — albeit through an offshore intermediary
Perps are a novel product though, one that is not necessarily considered in the actual Dodd-Frank Act that CME points to through its lawsuit
In an email, former Starkware General Counsel Katherine Kirkpatrick Bos said, "Future is not defined anywhere, whereas swap was defined by Dodd-Frank. The CFTC has the discretion to categorize novel products that have the characteristics of a future as opposed to swap. CME is making the argument that 'future delivery' means that the lack of expiry is determinative.
She said on X (formerly Twitter) that there is "no clear precedent" on a "future delivery" being a requirement for a future.
#MegadropLista
#Binance
#Volatilidad
#CryptoPatience
#XRPHACKED
Are perps swaps? A quick look at that CME suit: State of Crypto
CME Group sued the CFTC on Thursday, alleging that the agency was wrong in how it approved Kalshi's first U.S. perpetual futures product.
ME Group filed a lawsuit against the Commodity Futures Trading Commission alleging it should not have approved Kalshi's perpetual futures contracts the way it did and asking a court to vacate the approval and self-certified products
CME Group sued the CFTC on Thursday, alleging the agency did not properly consider prediction market provider Kalshi's application to list perpetual futures contracts before granting the application. The suit came a day after outgoing CEO Terry Duffy announced it would file over the approval granted at the end of May.
It is — not to put too fine a point on it — somewhat unusual for a company as established as CME to sue its primary regulator. Perpetual futures, otherwise known as perps, are relatively new and the crypto industry is a major part of these contracts. CME's lawsuit is alleging procedural issues, saying how the CFTC went about its approval of Kalshi's perps violated Dodd-Frank and risk harming the company
CME is arguing that perps are harmful to its long-dated futures products. The lawsuit alleges that the CFTC did not consider the ramifications of approving perps, and that these products are actually "swaps" as defined by the Dodd-Frank Act, and not "futures
Each term carries implications for how the products themselves are to be regulated and what the requirements are for the companies issuing them are. CME CEO Terrence Duffy, who recently announced he's stepping down next year, told CNBC last week that the distinction mandates different rules for participants
"The CFTC did not engage in its own analysis of whether its approval of Kalshi’s Bitcoin perpetual as a future is consistent with law," CME's lawsuit said. "The CFTC did not even mention the relevant Dodd-Frank provision defining 'swap.' Indeed, the word 'swap' appears nowhere in the Order
What's interesting is that the actual landscape of companies securing designated contract market (DCM) approvals and moving into perps is growing quite rapidly. On the same day the CFTC granted Kalshi's application, it sent a no-action letter to Coinbase, seemingly opening the door for that exchange to list perps as well — albeit through an offshore intermediary
Perps are a novel product though, one that is not necessarily considered in the actual Dodd-Frank Act that CME points to through its lawsuit
In an email, former Starkware General Counsel Katherine Kirkpatrick Bos said, "Future is not defined anywhere, whereas swap was defined by Dodd-Frank. The CFTC has the discretion to categorize novel products that have the characteristics of a future as opposed to swap. CME is making the argument that 'future delivery' means that the lack of expiry is determinative.
She said on X (formerly Twitter) that there is "no clear precedent" on a "future delivery" being a requirement for a future.
#MegadropLista
#Binance
#Volatilidad
#CryptoPatience
#XRPHACKED
ME Group filed a lawsuit against the Commodity Futures Trading Commission alleging it should not have approved Kalshi's perpetual futures contracts the way it did and asking a court to vacate the approval and self-certified products
CME Group sued the CFTC on Thursday, alleging the agency did not properly consider prediction market provider Kalshi's application to list perpetual futures contracts before granting the application. The suit came a day after outgoing CEO Terry Duffy announced it would file over the approval granted at the end of May.
It is — not to put too fine a point on it — somewhat unusual for a company as established as CME to sue its primary regulator. Perpetual futures, otherwise known as perps, are relatively new and the crypto industry is a major part of these contracts. CME's lawsuit is alleging procedural issues, saying how the CFTC went about its approval of Kalshi's perps violated Dodd-Frank and risk harming the company
CME is arguing that perps are harmful to its long-dated futures products. The lawsuit alleges that the CFTC did not consider the ramifications of approving perps, and that these products are actually "swaps" as defined by the Dodd-Frank Act, and not "futures
Each term carries implications for how the products themselves are to be regulated and what the requirements are for the companies issuing them are. CME CEO Terrence Duffy, who recently announced he's stepping down next year, told CNBC last week that the distinction mandates different rules for participants
"The CFTC did not engage in its own analysis of whether its approval of Kalshi’s Bitcoin perpetual as a future is consistent with law," CME's lawsuit said. "The CFTC did not even mention the relevant Dodd-Frank provision defining 'swap.' Indeed, the word 'swap' appears nowhere in the Order
What's interesting is that the actual landscape of companies securing designated contract market (DCM) approvals and moving into perps is growing quite rapidly. On the same day the CFTC granted Kalshi's application, it sent a no-action letter to Coinbase, seemingly opening the door for that exchange to list perps as well — albeit through an offshore intermediary
Perps are a novel product though, one that is not necessarily considered in the actual Dodd-Frank Act that CME points to through its lawsuit
In an email, former Starkware General Counsel Katherine Kirkpatrick Bos said, "Future is not defined anywhere, whereas swap was defined by Dodd-Frank. The CFTC has the discretion to categorize novel products that have the characteristics of a future as opposed to swap. CME is making the argument that 'future delivery' means that the lack of expiry is determinative.
She said on X (formerly Twitter) that there is "no clear precedent" on a "future delivery" being a requirement for a future.
#MegadropLista
#Binance
#Volatilidad
#CryptoPatience
#XRPHACKED
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