Mark Ueda, who served as acting chairman of the US Securities and Exchange Commission (SEC) before Paul Atkins’ confirmation, said the agency has dropped civil cases against cryptocurrency companies filed under the previous administration as it makes a “180-degree change” in rulemaking. In a Wednesday panel at the Psaros Center for Financial Markets and Policy’s … Read more
BitWise Asset Management has launched Lighter Tracking, an exchange-traded product (ETP) in Europe, giving traditional investors a way to bet on one of HyperLiquid’s emerging rivals without having to buy tokens outright. Wednesday, Bitwise said Its BitWise Lighter Staking ETP (BLIT) launched on Deutsche Börse Zetra, making it the first exchange-traded product tracking LIT, the … Read more
US Commodity Futures Trading Commission (CFTC) Chair Michael Selig says financial markets should prepare for “mass tokenization” as regulators adapt existing frameworks for blockchain, artificial intelligence and onchain markets. In remarks delivered Tuesday at the US Treasury Markets Conference, Selig said Tokenization of real-world assets (RWAs) can become the foundation of more efficient financial systems, … Read more
US President Donald Trump previously tapped David Sachs as his AI and crypto czar, before Sachs stepped down from the role earlier this year after reaching the limit of his service as a special government employee. US Treasury Secretary Scott Besant is reportedly being considered as US President Donald Trump’s next artificial intelligence czar, days … Read more
Crypto lender Arch Lending plans to expand into loans backed by tokenized equity as the market for onchain stocks expands and lenders begin exploring new uses for assets as collateral. Arch co-founder and chief revenue officer Himanshu Sahay told Cointelegraph’s Chain Reaction podcast that the lender plans to enter the market “very soon,” pointing to … Read more
European asset manager 21shares has launched the region’s first exchange-traded product linked to Zcash, expanding the privacy coin’s reach into regulated markets following its strong performance over the past year. On Tuesday, 21 shares listed its physically backed Zcash ETP on Euronext Paris and Amsterdam, allowing investors to gain exposure to ZEC through brokerage accounts … Read more
The ECB aims to gain direct DLT market experience by purchasing tokenized public-sector securities and settling transactions through Pontes. The European Central Bank (ECB) is preparing to invest a “small part” of its own funds in tokenized public sector securities. Purchases will be settled in central bank money through the Eurosystem’s settlement bridge System for … Read more
Australia’s new 40-year economic vision identifies artificial intelligence as one of five major changes expected to have a profound impact on the economy, excluding any mention of crypto. The latest Intergenerational Report, published By the Australian Treasury on Monday, agentic AI systems were described as “significantly” more capable, autonomous and widely used – surpassing human-level … Read more
Saudi Arabia has withdrawn from Embridge, a China-backed cross-border digital currency project designed to enable direct transactions between central banks, according to the Financial Times. SAMA, the central bank of Saudi Arabia, has fully joined Embridge Participant in June 2024 and ended its participation after completing a proof of concept at the FT on May … Read more
Stablecoin issuer Circle has launched a bitcoin-backed borrowing service for institutional clients, allowing eligible Circle Mint customers to use BTC as collateral to borrow USDC via the onchain transaction market. D serviceCalled Digital Asset-Backed Borrowing, it allows customers to deposit Bitcoin, Mint Circle’s wrapped Bitcoin token ServiTC, and offer it as collateral in third-party loan … Read more