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MoonPay Appoints CFTC’s Acting Chair Caroline Pham as CLO
Yahoo Finance· 2025-12-18 15:15
Caroline Pham, the acting chair of the Commodity Futures Trading Commission (CFTC) will be joining MoonPay soon. According to MoonPay, she will assume the roles of Chief Legal Officer and Chief Administrative Officer once a new CFTC Chair is confirmed by the Trump administration. Michael Selig Is Expected to Relieve Caroline Pham Caroline Pham was appointed acting chair of the CFTC on January 20, the same day Donald Trump was inaugurated as President. This was after five members of the bloc voted to con ...
Can Stablecoin Replace Failing Fiat? Tether’s BTC Buys, OKX Brazil Push in Spotlight
Yahoo Finance· 2025-11-07 19:27
Core Insights - The shift of dollar-pegged stablecoins from trading tools to retail products is driven by inflation and weak currencies in various economies [1][2] - Tether's strategy involves allocating profits into Bitcoin while expanding USDT issuance, and OKX has launched a high-yield stablecoin wallet and card in Brazil [1][2] Group 1: Dollar Access and Local Economic Conditions - Tether's ongoing Bitcoin allocation is linked to the growth of USDT, providing dollar liquidity through continuous crypto operations [3] - The demand for dollar proxies may increase as local savings tools lose purchasing power, raising questions about the speed of retail flow migration [3] Group 2: OKX's Product Launch in Brazil - OKX's new wallet and card offer interest on dollar balances and facilitate easy conversion from reais to stablecoins [4] - The design of these tools reduces friction in spending and may prompt regulatory assessments on their interaction with local financial systems [4] Group 3: Implications of Dollar Tokens - Dollar tokens can enhance payment access and remittances but may also lead to increased dollarization and liquidity moving outside traditional banks [5] - Regulatory clarity on reserves and cross-border use will determine whether these services complement or replace local financial systems [5] Group 4: Market Structure and Liquidity - A larger base of retail dollar balances can support smoother settlement across cryptocurrency pairs and stabilize funding during market fluctuations [6] - Controlled expansion of stablecoin supply with reliable redemption can help recover liquidity faster after market shocks [6] Group 5: Transparency and Yield - Issuers offering yield should enhance transparency regarding reserves and conduct regular independent checks to maintain user trust [7] - Clear explanations of asset and liability shifts are essential to prevent liquidity strains during periods of volatility [7]
Ex-FTX US Chief Brett Harrison Launches AX Trading Platform
Yahoo Finance· 2025-10-30 00:13
Core Insights - Brett Harrison, former president of FTX US, has launched Architect Financial Technologies and a regulated exchange called AX, aiming to integrate crypto-style perpetual futures into traditional finance [1][2] - AX will offer perpetual futures for various asset classes including stocks, currencies, commodities, and interest rates, allowing for continuous trading [2][3] - The platform is based in Bermuda and operates under the supervision of the Bermuda Monetary Authority, providing a regulatory framework for perpetual futures [4] Company Overview - AX is designed to allow traders to use either fiat or dollar-pegged stablecoins as collateral, promoting 24/7 trading access across different asset classes [3] - The platform is currently raising a Series A funding round with notable investors such as Coinbase Ventures, Circle Ventures, and the SALT Fund, indicating strong market confidence [5] Industry Impact - The introduction of perpetual contracts for traditional assets by AX could significantly change the landscape of derivatives trading, merging crypto markets with traditional finance [6] - There is a growing demand for fast and flexible trading tools, suggesting that the market is ready for such innovations [7] Challenges and Considerations - AX faces challenges in attracting sufficient trading volume, establishing risk controls, and addressing technical issues related to continuous trading [8] - The regulatory environment in the US poses additional hurdles for AX's potential market entry [8]
X @Arkham
Arkham· 2025-10-09 18:48
RT Arkham VIP (@ArkhamIntelVIP)Building the Next Generation of Crypto FinanceThank you to Amber Group for hosting our CEO Miguel for a fireside chat at Token 2049 last week. Great to meet everyone who attended!You get priority access to ALL of our events as an Arkham VIP. Apply through the link below: ...
Is Mike Novogratz Set to Kill Robinhood? Galaxy Stocks Explode As Rival App Launches
Yahoo Finance· 2025-10-06 21:00
Core Insights - Galaxy Digital has launched a new retail trading app, GalaxyOne, which combines cash yields, cryptocurrency access, and commission-free stock trading, positioning itself as a competitor to Robinhood [1][5] - The app offers a 4% annual yield on cash accounts and allows trading of over 2,000 US stocks and ETFs, indicating a shift towards consumer finance from institutional crypto services [2][3] Company Overview - GalaxyOne features four main products: GalaxyOne Cash with a 4.00% APY, Galaxy Premium Yield targeting accredited investors with an 8.00% yield, and GalaxyOne Crypto for trading Bitcoin, Ethereum, and Solana [3][4] - The platform also includes GalaxyOne Brokerage, which offers broker-free trading of stocks and ETFs, IRA access, and fractional shares [4] Market Positioning - Galaxy Digital aims to attract more mature investors, contrasting with Robinhood's younger demographic, by leveraging its institutional-grade infrastructure for individual investors [5] - The launch of GalaxyOne intensifies competition in the US retail finance sector and tests the viability of a crypto-native firm against traditional trading applications [6]
$37T Question: Can Stablecoins Be a Magic Bullet for US Debt?
Yahoo Finance· 2025-09-25 12:39
Core Insights - U.S. President Donald Trump's proposal to address America's $37 trillion debt using Bitcoin has been met with skepticism, but it has raised serious concerns in Russia regarding U.S. influence over cryptocurrency and gold markets [2][3] - Russian advisor Anton Kobyakov claims that the U.S. could devalue its debt by transitioning it into stablecoins, which are cryptocurrencies pegged to fiat currencies for stability [4][6] Group 1 - Kobyakov highlighted that the U.S. debt has increased to $37 trillion and suggested that the U.S. might "reset" this debt by moving it into the "cryptocurrency cloud" [3][4] - The concept of using stablecoins to devalue U.S. debt is presented as a strategy to start anew financially, according to Kobyakov [4] - However, the Kremlin advisor did not elaborate on the mechanics of how this transition to stablecoins would lead to devaluation [5] Group 2 - Crypto analysts argue that the idea of migrating U.S. debt into stablecoins is not technically feasible, emphasizing that it is not a simple process [6] - Legal experts point out that U.S. Treasuries are legal contracts, and reclassifying these obligations could lead to defaults or require explicit policy changes [7] - The discussion reflects Russia's concerns about the U.S.'s increasing influence in the cryptocurrency sector and the potential for a new competitive landscape in the "coin wars" [7]
X @Arkham
Arkham· 2025-09-22 18:52
RT Amber Group (@ambergroup_io)Amber Group X @arkham X @Altius X @depin_x - Intelligence and Infrastructure: Building the Next Generation of Crypto FinanceDiscover how AI is transforming the crypto landscape and explore new possibilities for building a smarter, more secure, and scalable digital asset ecosystem. Don’t miss inspiring keynotes, deep insights, and high-value networking opportunities with top projects, founders, and innovators!🔗 RSVP here - https://t.co/lrNSsE0xXh ...
X @Wu Blockchain
Wu Blockchain· 2025-08-12 12:21
Why Tokenized Securities Are the Next Frontier in Crypto Finance:Tokenized securities embed traditional financial rights—like equity and dividends—into legally compliant tokens. As regulations ease and institutions enter the space, asset tokenization is driving capital toward high-quality, compliant projects, while traditional “pure token” models may gradually be phased out.Read morehttps://t.co/C9g8ExpKuB ...
AEHL Signs $50 Million Strategic Financing Agreement to Launch Bitcoin Acquisition Plan
Globenewswire· 2025-07-29 13:20
Core Viewpoint - Antelope Enterprise Holdings Limited has entered into a Securities Purchase Agreement with Streeterville Capital for financing up to $50 million, aimed at acquiring Bitcoin, marking a significant step in the company's digital transformation and entry into the cryptocurrency market [1][2][3]. Financing Details - The financing will be provided in tranches over a period of up to 24 months, with a total amount not exceeding $50 million, specifically for Bitcoin acquisition based on market conditions [2]. - The Agreement emphasizes that the proceeds are exclusively for Bitcoin purchases, indicating a shift from strategic planning to execution in the crypto asset sector [2]. Strategic Goals - The CEO of AEHL stated that this financing supports the company's long-term strategic goals, positioning Bitcoin as a key component of its new capital structure [3]. - The company plans to maintain transparency by regularly updating the market on its Bitcoin purchases, holding status, and custody arrangements [3]. Future Plans - AEHL intends to flexibly allocate funding and manage asset acquisitions according to market conditions and strategic priorities, while also exploring additional opportunities in Web3 and the broader crypto finance space [4]. - A comprehensive long-term Bitcoin strategic development roadmap is expected to be released in the near future [4]. Company Background - Antelope Enterprise Holdings Limited is involved in energy infrastructure solutions through natural gas power generation and holds a majority stake in a livestreaming e-commerce business in China [5].
X @Wu Blockchain
Wu Blockchain· 2025-07-24 16:00
According to Bloomberg, TON Foundation and Kingsway Capital plan to raise $400 million for a crypto finance firm that will use TON tokens as its treasury asset. The unnamed firm will adopt a structure known as a private investment in public equity. https://t.co/HMTGFuvDPN ...