Crypto, Forex & Blockchain News

The Commodity Futures Trading Commission has clarified that non-US exchanges can allow Americans to trade on their platforms. This comes as a part of a move towards a friendlier approach to the crypto industry under the Trump administration. The agency has detailed this stance in a staff advisory regarding foreign boards of trade. The advisory aims to provide regulatory clarity for US traders and American companies. Under the Biden administration, the agency has pressed charges against multiple crypto platforms for failing to register correctly. This development is a part of the CFTC’s ‘crypto sprint’ initiative.

Solana treasury firm DeFi Development Corp. secures $77 million worth of SOL tokens following a successful equity raise. With an increased Solana balance sheet holding of 29% and a surge in its stock, DeFi Dev Corp continues to generate impressive SOL-denominated revenue. The firm collaborates with crypto ecosystems and exchanges for validator operation management.

Explore the latest shifts in the crypto market influenced by the upcoming U.S. core PCE inflation data. Dive into the changing market trends with the CoinDesk 20 Index and glean insights into potential Federal Reserve reactions and their implications for interest-rate cuts. Key Bitcoin supports and Bitunix’s analysis included.

The article discusses the potential changes in the US Securities and Exchange Commission’s approach to crypto-based Exchange Traded Funds (ETFs). The SEC is considering generic listing standards that could significantly expedite the approval and launch of new crypto spot ETFs. Such a move could lead to a variety of new products in the cryptocurrency market, including ETFs tracking altcoins, memecoins, and tokens. Despite this being a major step for crypto, it falls short of providing a detailed crypto-specific framework that would provide clearer insights into which coins the SEC would allow or disallow.

TRON approves a record-breaking 60% fee cut to boost user adoption and transaction volumes, a move that might stabilize its price following a modest decline. The sliding fee scale, which comes in effect from 29th August, underscores the $0.34 support level, and could stimulate demand for TRX token. The article also offers a technical analysis of TRON’s potential performance amidst these changes.

The Commodity Futures Trading Commission (CFTC) has shared guidelines enabling non-US crypto exchange platforms to let Americans trade on their platforms. The move comes as part of the agency’s push towards a friendlier approach to the crypto industry. It clarifies the distinction between the foreign board of trade (FBOT) and a designated contract market (DCM), reminding that while an FBOT can register with the CFTC, it does not need to be a DCM. This facilitates a path for companies that relocated to foreign jurisdictions for crypto trading to return to US markets.

The article discusses the potential approval of new crypto spot ETFs by the U.S. Securities and Exchange Commission, which could lead to an influx of cryptocurrency-related products. Major exchanges in the US proposed generic listing standards for such ETFs, which could streamline the approval process of numerous new funds including those tracking altcoins, memecoins, and tokens. The decision is seen as a significant win for the crypto market, though it falls short of providing a coin-specific regulatory framework.

Real estate asset manager, CaliberCos, turns to Chainlink as an alternative investment amid business struggles. The firm plans to accumulate LINK tokens for treasury funds, aiming to buoy market confidence and return value to investors. Amid potential Nasdaq delisting, Caliber’s pivot to Chainlink has seen its stock price surge by 60%.

House Republicans propose a provision to defense bill H.R. 3838, aiming to block the Federal Reserve from issuing a Central Bank Digital Currency (CBDC) to individuals. This move, hailed by privacy and finance experts, addresses concerns over monetary surveillance and privacy. The report further discusses the implications of state-controlled digital currency, potential threats to fiscal freedom, and the rise of stablecoins.