Author: James Wilson
SEC Commissioner Hester Peirce has said that software developers who publish open-source blockchain code should not face federal securities registration rules simply because others use their work. Summary Hester Peirce said open-source DeFi code should not automatically expose developers to federal securities registration requirements or intermediary rules. Peirce argued that securities violations should rest with unlawful actors, not developers whose public software is later used by others. Her remarks followed SEC staff guidance suggesting some DeFi interfaces may not qualify as brokers under existing rules. SEC Commissioner Hester Peirce, speaking Tuesday at the IC3 Blockchain Camp at Princeton University, said…
Plume and Ether.fi have launched a yield-bearing real-world asset vault with a $100 million exclusive allocation from Ether.fi. Summary Plume and Ether.fi launched a yield-bearing RWA vault with a $100 million exclusive allocation. Ether.fi users can access tokenized real-world asset yield directly through the ether.fi app. Plume said the vault includes institutional assets such as credit pools, CLOs, and bond ETFs. Ether.fi said demand is rising for earn products with institutional-grade risk and lower DeFi exposure. According to the press release, the allocation comes from ether.fi’s liquidity provider base, including funds, family offices, and high-net-worth individuals. Charles Mountain, ether.fi’s head…
Kalshi has launched Ethereum perpetual futures in the United States after securing approval for the product, while proposed XRP and other altcoin contracts remain subject to separate regulatory review. Summary Kalshi has launched CFTC-regulated Ethereum perpetual futures in the U.S., days after debuting Bitcoin perpetual contracts. XRP, Solana, Dogecoin, Hedera, and other proposed crypto perpetual futures remain subject to separate CFTC review before trading can begin. Kalshi reportedly plans to use CF Benchmarks pricing data for future crypto perpetual products as it expands beyond Bitcoin and Ethereum. According to a June 4 announcement from Kalshi, the CFTC-regulated prediction market operator…
Russia has sanctioned 17-year-old British student Alexander Browder after his crypto research helped UK officials target a ruble-backed stablecoin network accused of moving funds for Moscow’s war economy. Summary Russia sanctioned 17-year-old Alexander Browder after his crypto research helped UK officials target the A7A5 stablecoin network. Browder’s investigation linked A7A5 to alleged sanctions evasion and financial channels connected to Russia’s war economy. The UK Foreign Office said A7A5 formed part of a network designed to bypass Western sanctions on Russia. TASS, Russia’s state news agency, reported Tuesday that Browder was one of five British citizens added to Moscow’s “stop list”…
FG Nexus has transferred another 10,000 Ether worth about $17.8 million, extending a series of treasury sales that have reduced its Ethereum holdings as the asset trades more than 50% below the company’s average purchase price. Summary FG Nexus moved another 10,000 ETH worth about $17.8 million, extending a series of treasury sales after previously disposing of more than 21,000 ETH. Ether trades about 54% below FG Nexus’s average purchase price of $3,860, leaving the company’s original investment down by more than $100 million in value. While FG Nexus continues to reduce its holdings, BitMine and other institutional holders have…
On May 29, 2026, the Commodity Futures Trading Commission cleared Coinbase to offer crypto perpetual futures to US customers, making it the first US exchange granted access to the product that dominates global crypto trading. Summary The CFTC cleared Coinbase to offer U.S. access to crypto perpetual futures, ending a long offshore gap. Perpetual futures dominate global crypto trading because they offer no expiry, funding-rate tracking, and high leverage. Coinbase’s route through Deribit and Kalshi’s BTCPERP approval create two different U.S.-regulated paths for perps. The move targets offshore and decentralized venues like Hyperliquid, but leverage risks remain central to the…
When Bitcoin slid below $62,000 in early June 2026, the crypto world reached for the nearest villain: Michael Saylor. Summary Strategy’s 32 BTC sale was too small to explain Bitcoin’s multi-day selloff or liquidation cascade. Jim Ferraioli argues Bitcoin’s real problem is that it has lost the market’s dominant momentum trade. Bitcoin has been grinding lower since its October 2025 peak, months before Saylor’s June sale. Gold, AI stocks, and IPO speculation are pulling speculative capital away from Bitcoin for now. On June 1, his company Strategy disclosed it had sold 32 Bitcoin, its first sale since 2022, and retail…
Bitcoin closed May near $70,600 after losing roughly 8% to 10% during a month dominated by rising inflation, higher Treasury yields, and escalating geopolitical uncertainty, according to a market report from Finestel. Summary Finestel said Bitcoin ended May near $70,600 after inflation concerns, rising Treasury yields, and geopolitical tensions triggered a market pullback. The report found Bitcoin fell below key holder cost basis levels, while support emerged in the $70,000 to $73,000 range. Professional asset managers increased stablecoin allocations and reduced altcoin exposure as they adopted a more defensive stance. According to Finestel’s May market report shared with crypto.news, Bitcoin…
Bitcoin has fallen more than 16% over the past month even as the S&P 500 has gained 5%, a divergence that Charles Schwab says is being driven less by crypto-specific problems and more by investors chasing opportunities elsewhere. Summary Charles Schwab’s Jim Ferraioli says Bitcoin has struggled as investors chase momentum in AI stocks, commodities and anticipated IPOs. Ferraioli argues Bitcoin is competing for capital with a growing range of speculative opportunities, including pre IPO trading on platforms such as Hyperliquid. Recent ETF outflows and profit-taking by investors have added pressure, while Ferraioli downplayed concerns over Strategy’s sale of 32…
Bitcoin fell below $63,000 on Thursday as the selloff in the crypto market deepened. Summary Bitcoin dropped below $63,000 as sellers broke the May range and liquidations crossed $1.1 billion. Analysts now watch $60,000, $55,000 and $50,000 as pressure builds across Bitcoin derivatives markets. RSI and MACD readings show Bitcoin is deeply oversold, but bearish momentum remains active. The move pushed BTC to its weakest level since February and extended a sharp decline from its May range. The drop came as renewed U.S.-Iran tensions weighed on wider risk markets. The Kobeissi Letter said Bitcoin had lost about $400 billion in…