Author: James Wilson
Key Takeaways According to Hill, the initial proposal will define the application framework for institutions seeking approval under the GENIUS Act. Hill also indicated the FDIC is weighing recommendations from the President’s Working Group on Digital Asset Markets. The U.S. Federal Deposit Insurance Corporation(FDIC) is preparing to unveil the first major details of how it will enforce the GENIUS Act, with acting chair Travis Hill signaling that a formal proposal will arrive before the end of December. Hill’s remarks, prepared ahead of a House Financial Services Committee hearing, outline the agency’s timeline for building the regulatory structure that will eventually…
BlackRock’s U.S. Bitcoin ETF grew to $70B AUM, generating about $245M in annual fees, helping push the firm’s total bitcoin allocations toward $100B across products. Summary BlackRock’s U.S.-listed Bitcoin ETF amassed $70B in assets within 341 days and now holds over 3% of Bitcoin’s supply. Combined U.S., Brazilian and overseas bitcoin products have attracted nearly $100B, with net inflows of $52B in the first year alone. The ETF is now BlackRock’s most profitable product line, reinforcing institutional confidence despite normal volatility-driven outflows. BlackRock’s Bitcoin exchange-traded funds have become the asset management firm’s most profitable product line, according to Cristiano Castro,…
Key Takeaways Nawrocki vetoed the Crypto-Asset Market Act after concluding that the measure went well beyond responsible oversight The bill, introduced in June, was designed to impose an expansive supervisory regime on crypto businesses operating in Poland. In a move that could have wider ramifications for the crypto space in the country, Poland’s president, Karol Nawrocki, has rejected a far-reaching proposal to regulate the country’s digital-asset industry, halting a legislative push that had alarmed crypto advocates and triggered political friction inside the government. Nawrocki vetoed the Crypto-Asset Market Act after concluding that the measure went well beyond responsible oversight. In…
Crypto fraud victims are recovering stolen assets at higher rates as blockchain forensics, exchange cooperation and major seizures like the 127,271 BTC Prince Group case reshape recovery odds. Summary Advances in blockchain forensics let specialists trace funds through mixers to regulated exchanges, where assets can be frozen and seized. Professional firms report 58–72% recovery success when cases are reported within 90 days, but most victims still never file. Legitimate recovery firms avoid upfront fees and never request seed phrases, instead working with law enforcement using government-grade forensic tools. Cryptocurrency fraud victims are recovering stolen assets at increasing rates as blockchain…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. DeFi used to be associated with speculation and speed, but today it is a far cry from its predecessors. Once characterized by viral token incentives and high yields, the space changed to stability and governance after the implosions of centralized finance intermediaries in 2023/24 and a string of smart contract failures. Summary DeFi has shifted from speculative, high-yield incentives to a focus on stability, governance, and utility after CeFi collapses and smart contract failures exposed the limits…
Canaan and SynVista plan an AI-driven platform that matches Bitcoin mining to surplus renewable power and tokenizes energy, carbon savings, and mining yields on-chain. Summary Platform uses AI scheduling to align Bitcoin hash-rate demand with real-time renewable energy availability while limiting grid stress. Energy output, carbon savings, and mining yields will be tokenized to create verifiable data and enable securitization of green-power assets. Initiative targets Bitcoin’s energy footprint, aiming to use stranded renewables and improve transparency and liquidity in renewable energy investment. Canaan, a Bitcoin mining and hardware company, announced a partnership with SynVista Energy to develop a platform integrating…
Zcash price plunged 24%, breaking several support levels and its EMA200, with analysts warning of further downside but noting that long-term charts and the privacy thesis remain intact. Summary Zcash price fell 24% in a day, leading major-crypto losses as it broke multiple support zones after a parabolic November rally. Price slipped below the EMA200 with a bearish retest, prompting analysts to warn of potential moves toward lower support if it is not reclaimed. Some analysts argue the correction is normal in a larger uptrend and that Zcash’s privacy-focused “private money” thesis could support long-term recovery. Zcash (ZEC) price declined…
US Federal Deposit Insurance Corporation Chairman Travis Hill has confirmed that his agency will propose a new application framework for stablecoin issuers later this month. Summary The FDIC will propose a new application framework for stablecoins this month. Prudential rules covering capital and liquidity standards are expected early next year. FDIC is also preparing guidance on tokenized deposits and bank asset tokenization. Through a written testimony to be delivered before the House Financial Services Committee on Dec. 2, Hill stated that the FDIC has begun work to promulgate rules to implement the GENIUS Act, and a formal proposal is expected…
Grayscale’s Chainlink Trust converts into the first U.S. Chainlink ETF on NYSE Arca, underscoring a policy shift as the SEC streamlines approvals for crypto funds. Summary NYSE Arca certified conversion of the Grayscale Chainlink Trust into an ETF under 1934 Act rules. LINK joins Dogecoin, Solana, Litecoin, HBAR and XRP in Grayscale’s growing roster of converted crypto ETFs. Approval reflects an SEC policy shift under Chair Paul Atkins toward clearer, faster crypto product listings. The first U.S. exchange-traded fund tied to Chainlink received approval to begin trading on NYSE Arca, according to a regulatory filing released Monday. The exchange certified…
Ethereum price has broken below the $2,900 support with rising whale sell pressure, but upcoming Fusaka upgrade could boost sentiment. Summary Ethereum trades near $2,803 after losing the $2,900 support. Derivatives data shows high volume and falling open interest, indicating fast position exits. On-chain data and whale flow point to continued sell pressure despite hopes around the Fusaka upgrade. The second-largest cryptocurrency was trading at 2,803 at press time, down about 0.9% in the past day and roughly 5% over the week. The 30-day slide now sits near 28%, placing ETH about 43% below its all-time high of $4,946 set…