The Financial Stability Oversight Council has removed crypto from its list of systemic financial threats in its 2025 annual report. This is a dramatic regulatory shift attributable to the transformation happening under the Trump administration. The 86-page document, approved December 11, eliminates the dire warnings about digital assets that dominated previous years, instead emphasizing responsible growth and regulatory clarity for the sector. The FSOC’s latest assessment contrasts sharply with its 2024 ...

Core Insights - Bit Digital (NASDAQ: BTBT) reported Q3 earnings with revenue of $30.5 million, reflecting a 33% year-over-year growth [1] - The company achieved a net income of $146.7 million, driven by an adjusted EBITDA of $166.8 million, which included a $168 million gain on digital assets [1] Financial Performance - Revenue for Q3 was $30.5 million, marking a 33% increase compared to the same quarter last year [1] - Net income reached $146.7 million, significantly bolstered by the adjusted EBITDA of $166.8 million [1] - The adjusted EBITDA included a substantial gain of $168 million from digital assets [1]

Core Viewpoint - Australia's financial regulator warns that the country risks falling behind in the global shift towards blockchain-driven tokenization, urging immediate regulatory modernization to embrace innovation [1][2]. Group 1: Tokenization Overview - Tokenization is transforming capital markets by converting real-world assets into digital tokens, allowing for instant settlement, fractional ownership, and increased investor access [3][6]. - The global market for tokenized real-world assets (RWAs) has surpassed $35.8 billion, with private credit and U.S. Treasury debt being the most significant segments [6][7]. Group 2: Comparative Analysis - Longo compares the current wave of tokenization to previous financial technology milestones, emphasizing the need for Australia to innovate or risk stagnation [2][3]. - Other countries, such as Switzerland and the U.K., are advancing in tokenization, with Switzerland's SIX Digital Exchange processing over $3 billion in digital bond issuances [5]. Group 3: Future Projections - The market for tokenized RWAs could expand to $16 trillion by 2030, driven by major financial institutions integrating blockchain into traditional finance [7].

Core Viewpoint - Australia risks losing its competitive edge in global capital markets due to slow adoption of tokenization, which could drive issuers and investors offshore [1][2] Group 1: Tokenization and Market Dynamics - Tokenization allows for the democratization of financial assets, enabling smaller, more affordable units to be traded quickly and securely on a global scale [3] - The Australian Securities and Investments Commission (ASIC) Chair Joe Longo emphasized the need for Australia to innovate or face stagnation, noting that the country was once a leader in market innovation but is now being outpaced by others [3][4] - J.P. Morgan plans to fully tokenize its money market funds within two years, highlighting the urgency for Australian institutions to adapt to changing market dynamics [4] Group 2: Regulatory and Competitive Landscape - Longo's remarks serve as a wake-up call for traditional finance in Australia, urging the sector to embrace tokenization to remain competitive [4] - Industry leaders in the U.S. predict a global shift towards tokenization, with calls for strong investor safeguards to accompany this transformation [5] - Australia is competing for global capital and has a limited window to capitalize on opportunities; failure to act could result in becoming "the land of missed opportunity" [6]

RT shek (@shek_dev)Every asset and every market on a single state machine, distributed around the world, synchronized at the speed of light. ...