Lawmakers in Florida are looking to give the state a new kind of financial tool. A new proposal would allow pension funds and other public investment pools to put money into bitcoin and crypto exchange-traded funds. If passed, the state’s Chief Financial Officer and the State Board of Administration would be able to allocate up to 10 percent of these funds into digital assets. It’s a notable shift for a state that has typically stuck to traditional investment strategies. Jimmy Patronis Makes the First Mov ...

Japan is poised to rewrite the rules of crypto oversight, moving to curb crypto insider trading as part of a broader push to bring digital markets into its orbit. The country's Financial Services Agency plans to empower its market watchdog, the Securities and Exchange Surveillance Commission, to police illicit crypto trades, in a shift that could reshape global standards for market integrity. The framework is slated to be finalized this year and submitted to parliament by 2026. Once formalized, it would ex ...

Core Insights - The digital asset treasury (DAT) sector is losing momentum, with valuations collapsing and many firms trading below their underlying asset value, indicating a potential bubble burst [2][3][6] - BitMine Immersion Technologies Inc. aims to replicate the successful Bitcoin accumulation strategy of Strategy Inc. by holding Ethereum, with plans to increase its holdings to 5% of Ethereum's total supply [4][5] Group 1: Digital Asset Treasuries Overview - The DAT trend, which gained traction over the past two years, is now facing skepticism as investor appetite cools [2][5] - Many DATs are trading below the value of their cryptocurrency holdings, reflecting thin liquidity and reduced institutional demand [6][7] Group 2: BitMine Immersion Technologies Inc. - BitMine holds over three million ETH, approximately 2.5% of the total supply, and has a market capitalization exceeding $15 billion [4] - The company positions itself as a bridge between Wall Street and blockchain innovation, emphasizing Ethereum's role in tokenized assets and stablecoin settlements [4][5]

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. U.S. president Donald Trump has reportedly built a crypto empire worth more than $1 billion, according to a Financial Times investigation, with family-run ventures spanning memecoins, stablecoins, and tokenized finance. The Rise Of The "Crypto President" According to a report published on Thursday, Trump and his family have earned over $1 billion in pre-tax profits through ventures spanning memecoins, sta ...

Core Insights - Tether has frozen $44.7 million in USDT at the request of Bulgarian police, leading to a lawsuit from Riverstone Consultancy Inc. claiming illegal asset freezing [1][4] - The lawsuit highlights the challenges centralized stablecoin issuers face in balancing law enforcement requests with the need to protect legitimate users [2] - Tether's USDT is the largest stablecoin globally, with over $180 billion in circulation, and the company has frozen more than $3.2 billion in USDT as of mid-September [3] Legal Context - Riverstone alleges that Tether improperly froze assets without following the correct procedures outlined in Bulgarian treaties regarding asset seizure [5] - The lawsuit claims that Tether directed Riverstone to the Bulgarian police, which did not respond to inquiries about the asset freeze [5] Asset Analysis - Riverstone controls the frozen wallets on behalf of an unnamed client, and crypto forensic analysis suggests the funds may be linked to fraudulent activities [6] - The frozen USDT is reportedly associated with various scams, indicating potential issues with the legitimacy of the funds [6][7]

Wall Street veteran Tom Lee dropped a major hint on risk assets ahead of President Donald Trump's announcement from the Oval Office scheduled at 3:00 PM EST on Oct. 16. While the White House hasn't specified what topics the president will address, he has recently been vocal about the government shutdown, the wars in the Middle East and Europe, and crime in the U.S. Notably, it was Trump's aggressive tariff rhetoric against China that wiped out nearly $20 billion from the crypto market on Oct. 10. During ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. XRP (CRYPTO: XRP) is at the center of one of the biggest institutional bets in crypto history, with 13 ETF filings awaiting SEC review just as on-chain flows flatline and charts coil for a breakout.  Wall Street Titans Line Up With 13 XRP ETF Filings Filings span both spot and futures products. WisdomTree, Grayscale, and Franklin Templeton headline the list, with combined assets under management exceeding $ ...

NEW YORK, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Gemini Space Station, Inc. (Gemini) (NASDAQ: GEMI), a global crypto platform, today announced it will release its third quarter 2025 financial results at approximately 4:05 pm ET on Monday, November 10, 2025. Management will host a conference call on the same day (November 10, 2025) at 5:00 pm ET to discuss the results. The event will be webcast live via our investor relations website https://investors.gemini.com/ or via this link. Parties interested in joining vi ...

As digital currencies and traditional assets are converging, gold-backed crypto tokens have emerged as a unique investment vehicle. Also referred to as “tokenized gold,” these assets combine the stability of gold with the flexibility of blockchain technology. As the price of gold continues to hit new all-time highs, the demand for gold-backed tokens has increased. Blockchain analytics platform Lookonchain recently posted on X that two crypto whales bought more than $30 million worth of Tether Gold (XAUt) ...

Core Insights - Kraken is acquiring Small Exchange for a total of $100 million [1] Company Summary - The acquisition of Small Exchange represents a strategic move for Kraken to expand its market presence in the designated contract market sector [1]