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Deutsche Börse Group (DBG) and Kraken announced on Thursday that they are combining forces, signaling a clear acceleration of institutional cryptocurrency adoption in the Eurozone. “This partnership is the clearest signal yet that institutional adoption is accelerating, and that Europe intends to compete on equal footing with Wall Street as this transformation moves from millions to billions,” Gurpreet Oberoi, Kraken Head of Institutional, told Coindesk. “Institutions across Europe aren’t just experiment ...

For the first time in the United States, spot cryptocurrency trading is set to take place on federally regulated futures exchanges, a step that reshapes how digital assets fit into the country’s financial system. The update was announced on Thursday by Acting Chair of the Commodity Futures Trading Commission (CFTC), Caroline Pham. She said that exchanges registered with the agency will soon be allowed to list spot crypto products, following months of behind-the-scenes coordination among U.S. regulators. ...

Group 1 - The SEC is focused on making the IPO process and public company operations more efficient and effective for both investors and companies, with a strong vision for reforms [2][4] - The SEC plans to allow innovation exemptions for crypto activities, which could enhance the public market participation of innovative companies [3][5] - There is a bipartisan effort in Congress to finalize crypto market structure legislation, with significant progress made earlier this year on stable coin legislation known as the Genius Act [6][7][20] Group 2 - The upcoming markup session on the bipartisan crypto market structure bill aims to resolve outstanding issues and establish clear definitions for digital asset securities [10][11] - The draft legislation from the Senate Agriculture Committee suggests increased regulatory authority for the CFTC over crypto, but lacks clear guidelines on DeFi protections [12][14] - Lawmakers are urged to act on crypto legislation to meet the expectations of the 52 million Americans who own digital assets, emphasizing the importance of timely action before the end of the year [15][16] Group 3 - Coinbase's transparency report highlights a significant increase in law enforcement requests, with over 13,000 requests received, more than half from international jurisdictions [26][28] - Coinbase emphasizes its commitment to protecting customer interests while cooperating with law enforcement to combat crypto-related crime [29][30] - The company is planning to launch a new product, potentially related to prediction markets, and is actively engaging with lawmakers on this topic [32][34] Group 4 - The company anticipates celebrating the passage of new market structure legislation in the upcoming year, while also preparing to address additional regulatory issues such as tax policy and anti-money laundering rules [35][36]

Core Insights - Ethereum (ETH) is experiencing a rally, with prices increasing approximately 6.2% over the past week to around $3,176, which is about 35% below its all-time high of approximately $4,946 reached in August [1] Group 1: Market Activity - Ethereum exchange-traded funds (ETFs) saw inflows of about $140.2 million on December 3, with BlackRock's ETHA product attracting roughly $53 million [2] - The ETH/BTC trading pair has broken a three-month downtrend, indicating a potential capital rotation back from Bitcoin into Ethereum [3] Group 2: Corporate Developments - BitMine, an Ethereum treasury firm, purchased an additional $150 million in ETH, increasing its stock by about 15% in December and targeting a total of 5% of the ETH supply [4] - Tom Lee, co-founder of Fundstrat, believes the crypto market is stabilizing and anticipates a Federal Reserve rate cut on December 10, which could favor risk assets like ETH [5] Group 3: Technological Upgrades - The Fusaka hard fork is set to go live, aiming to reduce transaction costs on layer-2 chains and enhance user experience, with a potential increase in Ethereum's blob capacity by up to eightfold [6] - Ethereum Foundation researcher Alex Stokes highlighted that the new technique allows for scaling without compromising core values [7]

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Ethereum is starting December in Bitcoin's shadow. The token is selling off with the rest of crypto but holding key support zones as traders wait for signs of stabilization in risk assets. It has lagged Bitcoin on the way up this cycle, giving the tape less euphoria but also less excess to unwind. The tone shifted from quiet strength to cautious consolidation as macro pressure pulled the entire crypto comp ...

Strike CEO Jack Mallers isn’t letting traditional finance shut the door on him. After JPMorgan Chase abruptly terminated his bank accounts in September, the 31-year-old Bitcoin advocate is now heading toward Wall Street, with plans to take one of his companies public. Mallers’ firm, Twenty One Capital announced a key milestone in its merger with Cantor Equity Partners (CEP), a special purpose acquisition company listed on Nasdaq. Jack Mallers, CEO of Strike and Twenty One Capital (Source: Getty Images) ...

The US Commodity Futures Trading Commission (CFTC) has approved the launch of listed spot cryptocurrency products for trading on US federally regulated markets on CFTC registered futures exchanges. Under the new regulatory paradigm, companies holding a designated contract markets (DCM) license or those designated as a derivatives clearing organization (DCO) can legally offer federally-regulated spot cryptocurrency trading. According to a Dec. 4 press release, this launch serves to provide regulatory clar ...

Core Insights - Retirees and near-retirees are encouraged to consider investing in digital assets like cryptocurrencies as part of a diversified portfolio [2][3] - Major financial firms, including BlackRock and Bank of America, are launching crypto ETFs and endorsing small allocations to crypto, indicating its growing acceptance [2][3] - The broader adoption of cryptocurrencies for real-world applications, such as cross-border payments and tokenization of assets, suggests that crypto is becoming integral to the financial landscape [3][6] Industry Trends - The launch of crypto ETFs by established firms signals a shift in the investment landscape, making crypto more accessible to traditional investors [2] - The efficiency of cryptocurrencies in remittances and asset tokenization highlights their potential to reshape financial transactions and asset management [3][6] - The complexity of blockchain technology may intimidate some investors, but it is essential for understanding the underlying mechanisms of cryptocurrencies [4][5] Educational Aspects - Understanding terms like tokenization and blockchain is crucial for investors, as these concepts are foundational to the functioning of cryptocurrencies [3][4] - Blockchain technology is characterized by its public nature and transparency, which differentiates it from traditional cash transactions [4][5] - Tokenization allows for the division of real-world assets into digital representations, expanding the scope of what can be traded on the blockchain [6]

Core Insights - Stablecoins are identified as the fastest-growing segment in digital assets, with issuance and wallet counts increasing by approximately 50% and daily trading volumes exceeding those of Visa [2] Group 1: Stablecoin Evolution - The discussion highlighted the usability and reliability of stablecoins during market volatility, as well as the rise of bank-issued tokens and the necessary infrastructure for tokenized settlement [2] - Marcelo Sacomori from Braza Bank emphasized the importance of transparent reserves, independent verification, and liquidity in building trust for stablecoins [3] - Sacomori predicted that stablecoins will transition from a niche product to a mainstream payment method within two years [4] Group 2: Institutional Frameworks - Daniel Lee from Banking Circle explained that tokenized real-world assets require a tokenized settlement system for efficient and near-instant transfers, distinguishing between tokenized deposits and bearer stablecoins [5] - The EU's e-money token frameworks are creating regulated structures that are suitable for institutional use, enhancing the stability and reliability of stablecoins [5] Group 3: Market Dynamics - Sam Elfarra from Tron DAO reported strong growth in stablecoin adoption across emerging markets such as LATAM, Africa, Southeast Asia, and the Middle East, driven by the demand for affordability and dollar stability [6] - Tron's operational resilience has enabled high transaction throughput, even during periods of market volatility, supporting the increasing use of stablecoins in these regions [6] Group 4: Future Outlook - The session concluded that stablecoins are evolving beyond experimental phases and are becoming integral to global value exchange, influencing how money is transferred, stored, and how tokenized assets will be settled in the future [7]