The CFTC’s lawyers called the lawsuit “much ado about nothing,“ claiming that the CME Group lacked standing to file and argued against its claims over crypto perpetual futures. The US Commodity Futures Trading Commission (CFTC) has filed a motion to dismiss a civil suit filed by the Chicago Mercantile Exchange (CME) Group, which claimed that …
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TLDR: Ethereum saw accelerated August activity across Layer-2 upgrades, institutional adoption and ecosystem development. BlackRock expanded tokenization on Ethereum while Gnosis and Whitechain pursued Layer-2 transitions. Privacy tools and wallet infrastructure advanced through new applications, security features and post-quantum technology. DeFi growth continued as Aave, Morpho and Uniswap reached new deposit and trading milestones. Ethereum …
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The founder of a failed pre-IPO investment platform allegedly deceived more than 13,000 customers by manipulating private stock prices and collecting excessive markups, according to federal prosecutors. William Sarris, 75, the founder of Linqto Inc., was arrested after prosecutors unsealed an indictment charging him with securities fraud, broker-dealer fraud, wire fraud and conspiracy, according to …
Morgan Stanley is projecting that Apple’s (AAPL) first foldable iPhone will contribute roughly $14 billion in added revenue during the December quarter amid tight early supply and major price increases. The analysis describes the device as the biggest iPhone form-factor change since the 2017 iPhone X. Erik Woodring, the head of US technology hardware equity …
The third-wave Coldcard exploiter moved about 10% of stolen funds through THORChain as researchers traced the assets to a new Ethereum address. A hacker linked to the third wave of Coldcard wallet thefts has started swapping stolen Bitcoin for Ether through THORChain. Galaxy head of research Alex Thorn took to X on Wednesday to report …
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Kalshi reportedly plans to file for approval of a WTI crude oil perpetual futures contract that would trade around the clock five days a week without an expiration date. Prediction market operator Kalshi will reportedly seek regulatory approval for a West Texas Intermediate (WTI) crude oil perpetual futures contract that never expires. The contract could …
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ASIC has recorded more than 45 digital asset-related license applications as its temporary enforcement relief approaches Sept. 30 expiration. Australian crypto companies relying on temporary regulatory relief have until Sept. 30 to apply for a financial services license or risk penalties, including fines reaching 10% of their annual turnover. On Wednesday, the Australian Securities and …
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Ether ETFs posted $48 million in outflows after attracting $1.62 billion over 12 trading days, while XRP funds ended an 11-session inflow run. US-listed spot Ether and XRP exchange-traded fund (ETF) inflow streaks ended on Wednesday, marking a reversal after sustained demand. Spot Ether ETFs recorded $48 million in net outflows on Wednesday, ending 12 …
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Circle president Heath Tarbert told Congress on Sept. 2 that placing digital-dollar infrastructure under US rules could reinforce the network effects that support the currency’s global role. The testimony framed stablecoin and digital asset legislation as a tool of dollar statecraft. US rules can strengthen private dollar-token rails, while official reserve share remains a separate …
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Silicon Network is shutting down with nearly $10 million still on-chain, giving users until year-end to exit. The Ethereum layer 2 stopped accepting new bridge deposits and ended its network on Sept. 2, starting a withdrawal period that runs through Dec. 31. Silicon said its explorer and network will shut down afterward, leaving assets that …
XRP could climb above $2.14 by late November as sustained exchange-traded fund (ETF) demand adds momentum to its recent rebound. CryptoSlate’s 90-day model places the bullish outcome at the 80th percentile, nearly 59% above its $1.35 reference close. The median forecast is far lower at $1.47, leaving the headline target in the optimistic part of …
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BlackRock’s Bitcoin exchange-traded fund (ETF) has narrowly outperformed the S&P 500 since launch despite subjecting investors to a drawdown nearly three times as deep. The iShares Bitcoin Trust, or IBIT, returned 67.74% from its Jan. 11, 2024 debut through Aug. 31, compared with 66.14% for Vanguard’s S&P 500 ETF, or VOO, on a total-return basis …
Circle issued a warning that the quantum circuits needed to attack widely used blockchain signatures are becoming leaner, citing a low-width record of 813 logical qubits. For the USDC quantum migration, the immediate consequence is a dependency problem across every host chain, wallet, custodian, bridge and user account that must eventually accept a safer way …
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World integrated 128-bit post-quantum security using the WHIR hash-based scheme to prevent future-proof forgery and align with National Institute of Standards and Technology guidelines. Proactive Post-Quantum Adoption World recently unveiled an open-source and production-ready zero-knowledge (ZK) proving toolkit designed to enable individuals to generate cryptographic proofs directly on smartphones and web browsers. Already integrated …
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G20 finance leaders endorsed clear regulatory pathways for digital asset innovation while pairing growth with financial stability safeguards. The statement also advances work on global stablecoins, cross-border payments, and tougher enforcement of virtual asset standards. G20 Places Digital Assets Within Its Global Growth Agenda Finance ministers and central bank governors from the Group of 20 …
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