Everything web3, crypto, defi, degen
In brief XRP surged above $3 today after weeks of sideways actions and bearish sentiment. Prediction market users on Myriad say there’s a 55% chance XRP hits $4 before dumping back to $2. The charts suggest caution. Here’s why. After weeks of sideways chop, XRP—the cryptocurrency created by the founders of Ripple—is making another run…
In brief CME Group plans to offer round-the-clock trading next year. The setup will still include some downtime, with holiday considerations. CME crypto contracts have reached record volumes this year. The world’s largest derivatives marketplace plans to offer customers round-the-clock trading for its cryptocurrency products next year, CME Group said on Thursday.In a blog post,…
On Monday, Kraken Co-CEO Arjun Sethi joined leaders from ICE, CME, Nasdaq, Cboe, Kalshi, DRW and Polymarket at the SEC–CFTC Roundtable on platforms and market structure. Moderated by former CFTC Commissioner Jill Sommers and SEC Division of Trading and Markets Director Jamie Selway, the panel brought together some of the most influential voices in global…
In brief Polymarket is set to reopen to U.S. users, possibly as soon as tomorrow. The relaunch comes nearly four years after being banned by the CFTC and after its $112 million acquisition of CFTC-licensed exchange QCX LLC. The company has begun self-certifying event contracts including athletic events and election markets. Prediction market Polymarket is…
In brief The White House has abruptly ended Brian Quintenz’s candidacy to lead the Commodity Futures Trading Commission. Crypto lobbying, a dispute with Gemini co-founders the Winklevoss twins, and opposition to Quintenz’s Kalshi links may have played a role. Acting CFTC chair Caroline Pham will remain in place as new contenders are considered. The White…
In brief House Republicans have informed current SEC Chair Paul Atkins that they’re investigating the loss of nearly a year of text messages from former Chair Gary Gensler’s smartphone. Last month, the Office of the Inspector General report found IT staff failures and poor policies led to the permanent deletion of messages from October 2022…
In brief The SEC and CFTC leadership have called for “harmonization” after years of overlap and conflict. The push comes amid rapid changes in U.S. crypto policy under the Trump administration. Officials stressed cooperation, not consolidation, as the crypto industry pushes for clarity. The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading…
In brief Stablecoin network Plasma has meme coins now after entering “mainnet beta” last week. The Trillions token hit a $60 million market cap on Sunday, before falling sharply. It references a meme at the foundation of the Plasma thesis, predicting the total stablecoin market cap to be in the trillions of dollars. A meme…
In brief The meme coin trenches have seen a drop in trading volume with the rise of perpetual futures decentralized exchanges, such as Aster. Data shows grass roots meme coins hitting a six-month low, while perp DEXs spike in volume. However, seasoned veterans aren’t too concerned as they believe that meme coins are “cyclical” and…
In brief Bitcoin recovered to $112,000 Monday morning, recovering losses sustained during last week’s price slump. CME-based Bitcoin futures and options products saw a $4.33 billion decline in open interest between September 18 and 26. Crypto-native investors remained optimistic despite last week’s liquidation event, supported by an $800 million uptick in open interest and rising…
