Crypto News

Exclusive remarks disclosed to The Pavlovic Today illuminate an ambitious federal endeavor: Bo Hines, occupying the helm of the President’s Council of Advisers on Digital Assets, divulged plans for the U.S. government to systematically procure bitcoin (BTC) as part of its freshly minted Strategic Bitcoin Reserve. Hines Outlines BTC Acquisition Strategy for Fiscal Innovation ThisSource link

One of the U.S. Securities and Exchange Commission's regulation proposals that was meant to grab segments of the crypto space under the agency's jurisdiction had sought to expand what trading venues it believes need to register in a way that included digital assets businesses, and Acting Chairman Mark Uyeda is looking to reverse that effort.The rule has been years in the making and is waiting to be finalized at the agency, but Uyeda has asked staff at the SEC to put the brakes on that."In my view, it was a mistake for the commission to link together regulation of the Treasury markets with a heavy-handed attempt to tamp down the crypto market," he said in remarks set for delivery on...

“Many of the recent liquidations likely stem from inexperienced traders who entered the market during the “extreme greed” phase," an analyst said.Source link

Deribit-listed bitcoin (BTC) futures set to expire this Friday now trade marginally below the exchange’s index price, flashing a discount in a sign of weak demand for the cryptocurrency.“What we have seen is that near-tenor (7d and shorter) yields have dipped to the negative for the first time in over a year,” Andrew Melville, a research analyst at Block Scholes told CoinDesk in a Telegram chat. “This means that futures prices are trading below spot, which we take as a significantly bearish indicator.”Deribit is the world’s leading crypto options exchange and a preferred venue for sophisticated traders looking to employ synthetic strategies involving futures, options and spot markets.Source link

Thailand has added two dollar-backed stablecoins to its list of regulated cryptocurrencies as global stablecoin adoption gains steam. Source link