Bitcoin Tops $70K for First Time in More Than Four Months
The price still remains below its record high of $73,700 hit in early March of this year.Source
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US Crypto Regulation Needs a Hard Fork
These simple modifications to the SEC’s current regulatory framework for crypto asset issuance, staking, custody and trading can foster greater innovation without relying on new acts of Congress, says Willkie’s Mike Selig.Source
Dogecoin Jumps 10%, Outperforming on Trump Popularity as Bitcoin Nears $70K
Bitcoin’s “bullish setup” into the U.S. election next week mirrors late 2020, which preceded a 120% rally in two months, Matthew Sigel of VanEck said.Source
Hong Kong SFC to Establish ‘Consultative Panel’ for Licensed Crypto Exchanges
The SFC’s Eric Yip said the panel will include representatives from each licensed exchange.Source
Tether’s Paolo Ardoino: ‘If the U.S. Government Wanted to Kill Us, They Can Press a Button’
The leading stablecoin issuer is comfortable holding its T-bills at a U.S. institution because it respects international sanctions, CEO Ardoino said in an interview.Source
Hong Kong Considering Tax Concessions for Crypto Investments
Regulatory updates are also in the works for stablecoin issuers, OTC trading services and custodians.Source
FTX’s $228M Settlement With Bybit Brings Conclusion of Epic Liquidation Closer
The costly meltdown of global exchange FTX is still settling big chunks of its bankruptcy drama, now securing about $228 million from Bybit to further feed the cash dispersal that was approved in court earlier this month.Source
Prediction Market Kalshi to Supply Price Data for Crypto Oracle Stork
Initially, Kalshi’s feeds will power perpetual futures contracts on decentralized exchanges. Eventually, the centralized betting platform might referee on-chain prediction markets.Source
Emory University Joins Bitcoin ETF Rush, Reporting $16M Holding in Grayscale Vehicle
Emory University disclosed ownership of more than $15 million worth of shares of the Grayscale Bitcoin Mini Trust.Source