SEC Sends Crypto Custody Proposal to White House for Review
The U.S. Securities and Exchange Commission (SEC) has taken another step toward rewriting how investment advisers and funds can hold clients’ crypto assets, sending a new custody proposal to the White House for regulatory review. The proposal, titled “Amendments to…
Japan Plans Blockchain System for Instant Stock and Bond Settlements
Japan is preparing to build a blockchain-based financial infrastructure that could allow stocks and Japanese government bonds to settle almost instantly, potentially reshaping how transactions are processed across one of the world’s largest financial markets. The Financial Services Agency (FSA),…
39 US Banking Groups Are Building Their Own Stablecoin Blockchain
Thirty-nine U.S. state banking associations are joining forces to build a blockchain network for banks, marking a major step by traditional finance into stablecoins, tokenized deposits and blockchain-based payments. The newly formed BankChain Alliance announced Tuesday that it plans to…
Bitcoin Traders Bet $2.9 Million on a Break Above $82,000
Bitcoin’s latest surge has traders making increasingly aggressive bets that the rally has further to run. On Monday, one or more traders bought 2,000 Bitcoin call-option contracts with an $82,000 strike price expiring Sept. 4, according to Laevitas. The position…
Bitcoin Breaks Above $80,000 as ETF Demand and Macro Tailwinds Return
Bitcoin has climbed above $80,000 for the first time since May, extending a rapid recovery that has brought fresh optimism back to the cryptocurrency market. The rally has been supported by renewed demand from U.S. spot Bitcoin ETFs, shifting expectations…
Grayscale Research Says Bitcoin’s Current Price May Be a Favorable Entry Point for Long-Term Investors
Bitcoin has surged back toward $80,000, gaining roughly 24% over the past week and breaking out of a six-week trading range. The rally has renewed investor interest, but Grayscale Research believes the current price may still offer a favorable entry…
Standard Chartered Forecasts Bitcoin Will Retest All-Time High
Bitcoin has staged a sharp recovery, climbing toward $80,000 and prompting Standard Chartered to warn that its $100,000 year-end forecast may now be too conservative. BTC rose roughly 24% over the past week, reaching about $79,500 on Aug. 21 before…
Bitcoin Traders Back $80,000 as Polymarket Odds Jump to 59%
Bitcoin is back within striking distance of $80,000, and traders on Polymarket are increasingly betting that the cryptocurrency will reach the milestone before the end of August. Polymarket’s Bitcoin market currently gives BTC a 59% chance of touching $80,000 this…
