šŸ”Market Summery

Our detailed market analysis is being prepared and will be published here soon — stay tuned for insights and trends.

SEC moves to clear custody hurdle for advisers offering crypto

SEC moves to clear custody hurdle for advisers offering crypto

The US securities regulator has proposed easing rules governing how investment advisers and funds hold crypto, potentially clearing a regulatory hurdle that has held some businesses back from offering clients digital asset investments.The proposal, published on Thursday, would let investment adviser…

A Big Crypto Tax Loophole Could Close Soon. You Might Have to Pay Hundreds More. — Barrons.com

A Big Crypto Tax Loophole Could Close Soon. You Might Have to Pay Hundreds More. — Barrons.com

Cryptocurrency investors have long exploited a wash sale loophole to generate massive tax-loss harvesting. A new bill with bipartisan support could bring an end to the strategy.By Elijah Nicholson-MessmerCrypto holders have relied on a big tax loophole for a very long time. Now, they're at risk of l…

Citi raises bitcoin, ether forecasts on strong crypto activity

Citi raises bitcoin, ether forecasts on strong crypto activity

Citigroup raised its 12-month forecasts for bitcoin and ether, citing stronger crypto activity, a supportive macroeconomic backdrop and a resumption of ETF inflows.The brokerage increased its target for bitcoin to $113,000 from $82,000 and for ether to $3,028 from $2,240.Citi said in a note dated …

Crypto advocacy group announces picks for US Congress as midterms loom

Crypto advocacy group announces picks for US Congress as midterms loom

Stand With Crypto, the industry-aligned organization Coinbase launched in 2023 to promote what it called ā€œclear, common-sense regulations for the crypto industry,ā€ has announced several picks for the next session of the US Congress.On Wednesday, Bloomberg first reported that Stand With Crypto said i…

'Bitcoin Senator' Lummis Says 'Democrats Hate Trump More Than They Like Good Policy'

'Bitcoin Senator' Lummis Says 'Democrats Hate Trump More Than They Like Good Policy'

Sen. Cynthia Lummis (R-Wyo.) on Tuesday cited partisan divisions over President Donald Trump as reason why the CLARITY Act failed its procedural vote, arguing that more than a year of bipartisan negotiations "Democrats hate President Trump more than they like good policy," Lummis said during a CoinD…

SEC Says Token Buybacks, Network Upgrades Do Not Automatically Make Crypto Assets Securities

SEC Says Token Buybacks, Network Upgrades Do Not Automatically Make Crypto Assets Securities

The U.S. Securities and Exchange Commission's Division of Corporation Finance updated its crypto asset frequently asked questions on Friday, saying token buybacks, network upgrades, and marketing statements do not automatically make a crypto asset a security. According to ChainCatcher, the division …

Blockchain Association CEO Summer Mersinger to step down, Kristin Smith to return as interim CEO

Blockchain Association CEO Summer Mersinger to step down, Kristin Smith to return as interim CEO

Leading cryptocurrency trading group, the Blockchain Association, is switching up its leadership, with CEO Summer Mersinger set to step down next month and former CEO Kristin Smith returning to lead the crypto trade group on an interim basis.On Friday, the Blockchain Association said Mersinger's las…

Ex-CFTC leader to leave Blockchain Association after CLARITY vote fails

Ex-CFTC leader to leave Blockchain Association after CLARITY vote fails

Summer Mersinger, formerly a commissioner with the US Commodity Futures Trading Commission (CFTC), will step down as CEO of the Blockchain Association and leave the advocacy organization at year’s end after one of the group’s legislative priorities faced a significant setback in Congress.On Friday, …

SEC crypto FAQ addresses token buybacks, network upgrades and promises of profit

SEC crypto FAQ addresses token buybacks, network upgrades and promises of profit

The U.S. Securities and Exchange Commission said Friday that token buybacks, network upgrades and marketing claims don't automatically turn a crypto asset into a security.In an updated Frequently Asked Questions release, the Division of Corporation Finance said that announcing a buyback program for …

CFTC chair pushes tokenization as SEC opens door to onchain stocks

CFTC chair pushes tokenization as SEC opens door to onchain stocks

US Commodity Futures Trading Commission (CFTC) Chair Michael Selig said financial markets should prepare for ā€œmass tokenizationā€ as regulators adapt existing frameworks for blockchain, artificial intelligence and onchain markets.In remarks delivered Tuesday at the US Treasury Market Conference, Seli…

XRP Shakes Off CLARITY Act Failure to Surge 7%: Will It Hold?

XRP Shakes Off CLARITY Act Failure to Surge 7%: Will It Hold?

XRP shook off a sharp regulatory setback this week, climbing more than 7% over 24 hours to trade near $1.39 after briefly touching lows around $1.27.The rebound followed a rocky 48 hours that combined a failed Senate vote with the Federal Reserve’s first rate hike since 2023.What Actually Triggered …

SEC Gives Tokenized Stocks a Five-Year Onchain Runway, Robinhood CEO Vlad Tenev Says ā€˜It’s a Good Day for US Innovation’

SEC Gives Tokenized Stocks a Five-Year Onchain Runway, Robinhood CEO Vlad Tenev Says ā€˜It’s a Good Day for US Innovation’

The Securities and Exchange Commission (SEC) on Thursday created a five-year temporary regulatory pathway for trading certain tokenized U.S. stocks on blockchain-based venues, granting conditional exemptions from exchange and dealer-registration rules.SEC Opens Five-Year Path For TokenizationThe SEC…