What Did Paul Atkins Say About Onchain Software? SEC Chair Paul Atkins said the agency needs to clarify how its existing regulatory framework applies to software applications as it considers future rules for onchain financial markets. Speaking Friday at an artificial intelligence expo hosted by the Special Competitive Studies Project, Atkins said software applications do
Why Is Payward Applying for a National Trust Charter? Payward, the parent company of crypto exchange Kraken, has applied for a national trust company charter with the Office of the Comptroller of the Currency as competition intensifies around regulated digital asset custody in the United States. The application seeks to establish the Payward National Trust
Why Did Coinbase, Kraken, and Gemini Push for Changes? Coinbase, Kraken, and Gemini reportedly lobbied US lawmakers earlier this year to remove language from a digital asset market structure bill that could have restricted token listings on crypto exchanges. According to Politico, the companies objected to a provision requiring trading platforms to list only digital
Why Is the Swiss Bitcoin Reserve Campaign Failing? A campaign to require the Swiss National Bank to hold bitcoin in its reserves is set to lapse after failing to collect enough signatures to trigger a national referendum. The Bitcoin Initiative sought to amend Switzerland’s constitution so that the central bank would hold bitcoin alongside gold
Why Are Stablecoin Cards Gaining Traction? Stablecoin-based cards are moving from crypto-native use into everyday payments, with retail spend rising about 105% to 106% over the past year, according to John Timoney, head of strategic partnerships at Rain. The cards allow users to spend stablecoins such as Tether and USDC directly from digital wallets through
Bitcoin briefly fell below the $80,000 level on Friday, extending a broader cryptocurrency market selloff driven by profit-taking, leveraged long liquidations and rising geopolitical uncertainty tied to U.S.-Iran tensions. The world’s largest cryptocurrency traded as low as $79,694 before partially recovering toward the $80,900 range during late trading hours. The drop triggered heavy liquidations across
South Korea’s Ministry of Economy and Finance confirmed that the country will begin taxing cryptocurrency gains from January 1, 2027, ending years of political debate and repeated delays surrounding the implementation of a formal digital asset tax framework. The announcement marks the first definitive public confirmation from the ministry that the tax will proceed on
The U.S. Department of Justice and the Commodity Futures Trading Commission are investigating more than $2.6 billion in oil futures trades placed shortly before key announcements related to the Iran conflict, according to reports citing sources familiar with the matter. The trades involved large bearish positions that anticipated declines in oil prices minutes or hours
Tether has frozen approximately $515 million worth of USDT across Ethereum and Tron over the past 30 days, according to blockchain monitoring data from BlockSec’s USDT Freeze Tracker. The freezes involved hundreds of wallet addresses and marked one of the largest concentrated enforcement actions by the stablecoin issuer in recent months. As of May 7,
U.S. spot Bitcoin exchange-traded funds recorded approximately $268.5 million in net outflows during Thursday’s trading session, reversing a five-day inflow streak as Bitcoin fell below the $80,000 level amid broader crypto market weakness. According to data from Farside Investors, the outflows marked the largest single-day withdrawal from spot Bitcoin ETFs in nearly two weeks. BlackRock’s