Coindesk

Already losing its legal fight with the crypto industry over a rule that would have expanded the definition of regulated securities dealers to include a wide array of digital assets operations, the U.S. Securities and Exchange Commission has given up its appeal.The SEC has been in reset mode on its courtroom entanglements with crypto issues as the leadership elevated by President Donald Trump has been reversing years of the agency's adversarial stance. The latest move was to formally drop the appeal in a case in which the Blockchain Association and Crypto Freedom Alliance of Texas sued the SEC and a Texas federal judge agreed that the regulator "exceeded its statutory authority.""With new leadership at the agency leading to today’s final...

Bitcoin financial services firm Onramp has partnered with lending platform Arch to introduce a bitcoin-backed lending service, the companies announced. The new product allows BTC holders to secure loans while keeping ownership of their assets, a move aimed at investors looking to access liquidity without selling their bitcoin (BTC).The service provides bitcoin-collateralized loans, allowing borrowers to use their holdings as security while receiving cash or stablecoins in return. By using bitcoin as collateral rather than selling it outright, borrowers can avoid capital gains taxes and maintain exposure to the asset’s potential price appreciation, according to the press release.Lending partner Arch specializes in asset-backed loans and will handle the underwriting and loan distribution. Onramp, which focuses on bitcoin financial solutions, will...

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 3245.42, up 1.3% (+40.73) since 4 p.m. ET on Wednesday.18 of 20 assets are trading higher.Leaders: NEAR (+4.9%) and FIL (+4.6%).Laggards: LTC (-5.9%) and UNI (-3.4%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

Decentralized derivatives exchange SynFutures has introduced Synthia, an AI trading agent that allows traders to swap or transfer assets using natural language commands.SynFutures is the largest DEX on Coinbase's layer-2 network Base with 24 hour volume hitting $220 million and liquidity at $768 million.The AI agent will be rolled out in three phases, the first of which will include integration on social media platform X and the ability to respond to basic commands like "swap 100 USDC for ETH." The second phase will allow traders and developers to deploy AI agents to specific needs including futures trading and liquidity management.The third and final phase is the introduction of a "meta agent" which is capable of creating and managing multiple agents...

Qualified cryptocurrency custodian BitGo and Copper, the firm behind the ClearLoop settlement system, are providing off-exchange settlement for traders using options exchange Deribit, the firms said on Thursday.Clients of BitGo and Copper can now trade spot and derivatives on Deribit while assets are secured off-exchange in qualified custody with BitGo Trust, and automatically settled leveraging Copper ClearLoop and the Go Network, according to a press release.In a post-FTX world traders are looking to reduce the risks associated with leaving assets on exchanges where possible. BitGo and Copper announced a partnership two years ago to trade on exchanges while assets are held within a regulated custody ring-fenced environment.A simple function of the combined BitGo and Copper ClearLoop networks is delivery versus...