🇨🇦 JUST IN: Canada is set to unveil stablecoin rules in its next federal budget to mirror the U.S. GENIUS Act.Could this reshape the country’s entire crypto landscape? https://t.co/uRGdnBpNyq ...

UK has ceded crypto hub ground to US amid 'heavy-handed' FCA oversight, Consensys says https://t.co/nGnu4Zn5ie ...

Market Volatility & Leverage - The crypto market experienced volatility, particularly in altcoins, highlighting concerns about leverage [1][2] - Offshore futures trading, though representing less than 2% of Bitcoin's total value, accounts for 70% or more of trading volume, contributing to market volatility [3] - Excessive leverage, such as 100x on platforms, can lead to significant liquidations, as seen in the $19 billion liquidation event, harming investors and increasing market volatility [9][10] Bitcoin vs Altcoins - Bitcoin is increasingly viewed as a distinct asset class, a "digital gold," separate from other cryptocurrencies that are more akin to technology bets on blockchain innovation [4] - The vast majority of crypto assets, by number, are considered worthless, requiring investors to be cautious, especially when using leverage [5][17] Regulatory Landscape - The GENIUS Act, providing regulatory clarity for stablecoins, is a significant milestone, with potential for broader adoption in cross-border payments and financial market transactions [19] - The CLARITY Act, addressing crypto market structure, is still under legislative consideration, while regulatory agencies are working to establish frameworks for the crypto space [19][20] Digital Asset Treasuries - Interest in the digital asset treasury construct has waned, with multiples to NAV retreating, potentially impacting business models reliant on trading at a premium [14][15]

Market Trends & Cryptocurrency Performance - Bitcoin fell to the $18,000 level, Ether traded just above $3,900, and Ripple's XRP fell by 2.36% [2] - Paxos accidentally minted $300 trillion worth of PYUSD due to a technical error but burned the excess tokens immediately [3][4] - BlackRock reconfigured its Select Treasury-based liquidity fund to comply with the Genius Act, potentially serving as a reserve asset for stablecoin issuers [5][6] Acquisitions & Expansion - Ripple acquired GT Treasury for $1 billion to bring blockchain infrastructure to corporate finance [2] - Kraken acquired a derivatives exchange (a CFTC licensed designated contract market) from IG Group for $100 million, expanding its global trading infrastructure [7][8] - Kindly MD merged with Nakamoto Holdings, a Bitcoin investment company [8][11] Regulatory & Political Landscape - The Genius Act became law in July, marking a major piece of crypto legislation [5][31] - A market structure bill and a Bitcoin-specific bill are on the horizon, addressing taxes and mining in the United States [35][36] Digital Asset Treasury (DAT) Strategies - The digital asset treasury space is relatively young, with the market scrutinizing these plays and seeking differentiation in strategies [11][12][13] - Companies are exploring unique approaches, such as targeting international markets, focusing on specific asset categories, or rolling up operating businesses [14][15] - The industry anticipates significant growth in institutional investment in Bitcoin over the next decade [29]

RT Bloomberg Live (@BloombergLive)At #TheFutureInvestor, Eric Freedman of U.S. Bank shares how regulation, disruption, and technology are reshaping the investor landscape. See him on 11/4 in Houston: https://t.co/2m7lsO9tjX https://t.co/J94jVBvQTM ...

After the $20B in crypto liquidations, they will go even harder to come for strict regulation that bans or heavily restricts defi.Retail, this is directed at YOU.We can not let up.Eleanor Terrett (@EleanorTerrett):🚨NEW: Crypto Market Structure Talks Stall Over Leaked Dem DeFi ProposalDems want the pen, Republicans want a markup, industry wants fair rules for DeFi: inside the market structure showdown on Capitol Hill. 🖊️AND other top stories of the week. ⬇️https://t.co/2J3jVUTboD ...

Today, Bitcoin falls to end the week. Morgan Stanley drops restrictions on which wealth clients can own crypto funds. And Ashley Ebersol, former senior counsel at the Securities Exchange Commission, shares his take on the changes made at the SEC and CFTC to regulate crypto.Welcome to CNBC's Crypto World. I'm Mackenzie Sagallos. Major cryptocurrencies in the red to end the week as a US government shutdown dragged into its 10th day.As of noon Eastern, Bitcoin dropped nearly 2% to $119,000. Ether fell nearly 5 ...

Market Trends & Cryptocurrency Performance - Bitcoin reclaimed the $122,000 level after a pullback [1] - Ether slipped below $4,500 [1] - XRP dipped to $287 [2] - The S&P 500 and Nasdaq moved higher, driven by the AI trade [2] Regulatory Landscape & Legislative Efforts - Lawmakers aimed to get crypto market regulation to President Trump's desk by the end of 2025 [3] - A government shutdown could potentially put the goal of passing crypto regulation by the end of the year at risk [4][5] - There is an opportunity to get clarity across the line by the end of the year, despite the government shutdown [6] - The House bill is recommended as the base text for Senate legislation to expedite the process [8][10] - The Genius Act prohibits issuers from offering interest on accounts [18][20] SEC & Regulatory Oversight - The SEC is expected to take the first round of oversight and regulation of digital asset treasury companies (DATs) [25] - Congress is the backstop to the SEC and may add additional legislation if needed [26][27] - The SEC should enforce the law and hold bad actors accountable, rather than stifle innovation [27][28]

⚡️ CZ: The roadmap for crypto adoption is clear: regulation, exchange licenses, digital banks, stablecoins, and more apps on-chain. https://t.co/iTFi00hLUd ...

Regulatory Landscape - SEC Chairman Paul Atkins plans to introduce an "innovation exemption" by year-end, potentially easing regulations for crypto firms launching new products [1] - The SEC is drafting new crypto rules, suggesting a shift in regulatory approach [1] - The SEC has dropped several enforcement actions from the Gensler era, indicating a possible change in enforcement priorities [1] - A task force has been formed to explore a new regulatory approach for crypto [1]