By mid-day on Feb. 6, the fog of uncertainty had begun to lift. Both cryptocurrencies and crypto-linked equities staged a solid rebound. But Wall Street strategists aren’t rushing back in just yet. Citibank has dialed back its expectations for Coinbase (NASDAQ: COIN), citing persistent volatility and ongoing uncertainty surrounding U.S. crypto regulation. Related: Crypto stocks rally up to 25% after big relief Coinbase Stock Bounces but Still Deep in the Red Founded in 2012 by Brian Armstrong and Fred ...

In crypto, it’s not just prices getting cooked. Everyone is feeling the heat. Crypto exchange Gemini announced it will exit the UK, European Union, and Australia while cutting about 25% of its workforce. The move comes as crypto trading volumes remain uneven and exchanges face rising compliance costs across multiple regions. This is part of a wider shakeout where only the most efficient platforms survive. For everyday users, this raises a simple question. Is your exchange getting stronger, or quietly pul ...

Welcome to your morning brief. I'm Julie Hyman. Let's get to [music] the three things you need to know today.Volatile action in the commodity space rippling across [music] markets. Silver reversing overnight declines and now trading higher following Friday's 30% [music] route. That was the worst one day drop for silver since 1980.And in oil prices slumbing more than 4% as [music] President Trump signals deescalation with Iran. This all pointing to weakness when the markets opens as earnings [music] and the ...

Momentum toward comprehensive market structure legislation has continued and Congress stands poised to clarify the respective roles of securities and commodities regulators in crypto markets—though it has most recently stalled amid disagreements over stablecoin yield. While a final statutory framework is still pending, the direction is clear: public blockchains are no longer regulatory black sheep but set to become a permanent part of the U.S. financial system, deserving of its own fit-for-purpose rules. As ...

Core Insights - Britain is advancing towards a comprehensive regulatory framework for cryptoassets, with the FCA proposing new consumer protection rules that may limit the use of credit cards for purchasing digital assets [1][2] FCA Proposals - The FCA has initiated a consultation to prepare firms for upcoming legislation, with a regulatory "gateway" anticipated to open in September 2026 [3] - The regulator aims to foster a trustworthy, sustainable, and competitive crypto market while acknowledging that risks will persist [4] Areas Under Consultation - The FCA is seeking feedback on various proposed rules, including: - Consumer Duty application to crypto asset firms [5] - Redress and dispute resolution mechanisms [5] - Conduct of Business Standards for fairness and transparency [5] - Restrictions on using borrowed money for crypto purchases [5] - Standards for staff training and competence [5] - Senior Managers and Certification Regime [5] - Regulatory reporting requirements for supervision [5] - Safeguarding of crypto assets [5] - Retail collateral treatment open until March 12, 2026 [5] Credit Card Regulations - The U.K. has not implemented a complete ban on using credit cards for crypto purchases, but the FCA is proposing stricter rules due to concerns over consumers borrowing to invest in volatile assets [6]

Core Viewpoint - Russia's Prosecutor General has labeled Ukrainian cryptocurrency exchange WhiteBit as an "undesirable organization," accusing it of facilitating illegal fund transfers and financing Ukraine's military efforts [1][2]. Group 1: WhiteBit's Operations and Accusations - WhiteBit's management allegedly transferred approximately $11 million to Ukraine since 2022, including nearly $900,000 for drone purchases [1]. - The Prosecutor General's Office claims WhiteBit provided technical support to United24, Ukraine's state-backed crypto donation platform, and engaged in "shadow schemes" for illicit fund withdrawals [2]. - Founded in 2018, WhiteBit has over 8 million active users and reports daily spot trading volumes of $11 billion, with futures trading reaching up to $40 billion [2]. Group 2: Regulatory Environment in Russia - The crackdown on WhiteBit coincides with Russia's efforts to formalize crypto regulation, with the Bank of Russia outlining new licensing requirements for crypto exchanges and digital depositories [3]. - Banks and brokers dealing with cryptocurrencies will face special prudential requirements to mitigate risks to traditional financial activities [4]. - New measures are expected to take effect by July 1, 2027, following amendments to Russia's crypto legislation [5]. Group 3: Investment Limits and Financial Safeguards - Proposed regulations will allow non-professional investors to invest in digital currencies but within strict annual limits, currently suggested at 300,000 rubles per year per intermediary [6]. - The Deputy Finance Minister indicated that any proposals to raise this investment threshold would be considered, reflecting a balance between investor access and financial safeguards [7].

Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead. Grab a coffee and settle in—Binance is quietly making moves in a corner of Europe that might reshape how crypto operates across the continent. Crypto News of the Day: Binance’s Greek Gambit Is A Late Entry But With Big Ambitions Fortune reported that Binance has formally applied for the European Union’s pan-European MiCA license via its newly established Greek subsidiary, ...

Rather than designing an entirely new framework, the Avalanche Policy Coalition says that U.S. regulators already have the tools to bring crypto spot markets under supervision by extending existing rules to new instruments. During a recent interview with TheStreet Roundtable, Lee Schneider, General Counsel at Ava Labs, outlined the coalition’s proposal, which centers on empowering the SEC and CFTC to authorize already regulated intermediaries to trade spot crypto. “Crypto is different, in a lot of ways, f ...

Core Viewpoint - The recent turmoil surrounding a U.S. crypto market-structure bill has negatively impacted the stock prices of Coinbase Global Inc and Robinhood Markets Inc, raising concerns among investors about the future of crypto regulation in the U.S. [1][2] Group 1: Impact of the Draft Bill - Coinbase CEO Brian Armstrong criticized the latest Senate Banking Committee draft, stating it would effectively ban tokenized equities, impose extensive DeFi surveillance, and shift authority from the CFTC to the SEC, which he believes would harm the crypto market [2][7] - The Senate Banking Committee has paused the markup of the legislation, with Committee Chair Sen. Tim Scott indicating that discussions will continue, while industry leaders express disappointment over the legislative gridlock [3][5] - A Galaxy Research note suggests that the chances of a bipartisan bill being passed are only 25%, warning that failure could delay comprehensive regulation until 2027 [4] Group 2: Importance of the Bill for Coinbase - The market structure bill is critical for Coinbase as it will determine whether the company can operate under clear regulations or continue facing case-by-case enforcement challenges [6] - A more constructive version of the bill could clarify asset classifications, create licensed pathways for crypto exchanges, and reduce regulatory risks, potentially benefiting Coinbase's revenue streams [8] Group 3: Importance of the Bill for Robinhood - For Robinhood, the bill is essential for fully integrating crypto into its brokerage services, as a clear federal framework could harmonize regulations and allow for compliant pathways for staking and tokenized equities [9] - Robinhood CEO Vlad Tenev criticized the legislative gridlock, emphasizing the need for rules that protect consumers and foster innovation [5] Group 4: Stock Performance - On Thursday, Coinbase shares closed down 6.48% at $240.65, while Robinhood shares fell 7.79% to $111.97, although both companies saw slight recoveries in after-hours trading [13]

South Korea has upended nearly a decade of crypto policy by allowing listed companies and professional investors to place part of their balance sheets into digital assets. The shift stands in contrast to tightening rules in Japan and Hong Kong. Asia no longer appears aligned on crypto regulation, and the divergence is becoming clearer. For the first time since 2017, South Korea’s Financial Services Commission (FSC) has finalized South Korea crypto rules that allow public firms and licensed investors to a ...