Backpack’s crypto exchange will likely debut in the U.S. this year, starting with spot trading in several states, according to CEO Armani Ferrante. The firm established by employees of defunct crypto exchange FTX has been focused on establishing itself within Japan and the EU, but it’s getting closer to attaining money transmitter licenses needed to operate on American soil, he told Decrypt. “The U.S. has always been a priority for us,” the California native said from Japan. “It's the biggest market. It's m ...

Market Overview - The crypto market showed stability with Bitcoin (BTC) recovering above $112,000, while smaller coins like IP, MNT, and PUMP experienced double-digit gains, indicating the potential start of an altcoin season as CoinMarketCap's altcoin season index reached nearly 60% [1][3] - Traders are anticipating U.S. inflation data to influence asset prices, with a moderate range expected to favor risk assets, while any overshoot in inflation could pressure BTC and ETH [2][3] Derivatives Positioning - BTC's futures open interest remained steady, while open interest in ETH, SOL, and HYPE increased by over 2%, indicating a mixed sentiment among traders [3] - Notional open interest in BTC options on the CME reached a record $5.6 billion, with subdued futures activity, while BTC and ETH puts traded at a premium to calls, reflecting downside concerns [3] Altcoin Season Dynamics - The altcoin season is characterized by capital rotation into speculative tokens, with the altcoin season index rising to 59/100, surpassing August's high of 57, despite a generally bearish sentiment [3][4] - Historical patterns suggest that altcoin seasons occur when Bitcoin consolidates, allowing traders to invest in speculative assets without missing significant BTC movements [4]

My post about Tempo today was intentional not just to source some bots to block, but also to get more Tempo content to show up on my feedTwo main takeaways:- a bunch of ppl who “made it” in past cycles either by smart/lucky trading or just “being early” were taking shots at it- a bunch of ppl who actually work in the industry (particularly American-based crypto companies) think it’s really cool/interestingMethinks that one’s opinion on it largely hinge upon whether you are a “decentralization at all costs” ...

Fonte’s SETF includes:> Regulated international exposure to SOL> Built-in staking yield> Licensed custody by BitGoKazakhstan hosts one of the most crypto-forward jurisdictions on earth, and this marks a big step towards making Solana accessible across global markets. https://t.co/5mCxmMaqeL ...

.@SECGov released its latest rulemaking agenda Thursday, which focuses heavily on easing regulation of the crypto sector and following through on promises to integrate digital assets with the traditional American economy. https://t.co/wnASKiWm8e ...

Regulatory Landscape - UK regulators are drafting new Anti-Money Laundering (AML) rules for crypto firms [1] Cryptocurrency - The new rules specifically target crypto firms operating in the UK [1]

Lead Bank, the 97-year old Missouri lender rebuilt to serve fintech and crypto firms, has raised $70 million at a $1.47 billion valuation — almost double last year’s mark — as it pushes to expand its balance sheet and client base https://t.co/isjAIMStqN ...

About this content About Sean Mason Sean Mason is a Senior Journalist at Proactive, having researched and written about Canadian and US equities for 20 years. Sean graduated from the University of Toronto with a BA in history and economics and has also passed the Canadian Securities Course. He previously worked at Investors Digest of Canada, Stockhouse, and SmallCapPower.com. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and action ...

🇺🇸 NEW: A framework was submitted to the SEC’s Crypto Assets Task Force to make digital assets quantum-safe. https://t.co/X1WcPbrUWr ...

Industry Perspective on Success in Crypto - The crypto industry suggests that "luck" is often used as an excuse for a lack of success [1] - The industry observes that successful individuals in crypto typically demonstrate greater dedication and proactive effort [1] - The industry has witnessed numerous individuals achieving significant success from humble beginnings, suggesting that success is not solely based on luck [1]