Core Viewpoint - Japan is set to implement new regulations to curb crypto insider trading, aiming to enhance market integrity and potentially influence global standards for digital asset oversight [1][2]. Regulatory Framework - The Financial Services Agency plans to extend securities-style rules under the Financial Instruments and Exchange Act to digital assets, allowing the Securities and Exchange Surveillance Commission (SESC) to investigate suspicious crypto trades and recommend penalties [2]. - The new framework is expected to be finalized this year and submitted to parliament by 2026 [1]. Global Impact - The regulatory shift in Japan could accelerate the alignment of global market integrity standards and encourage other jurisdictions to adopt similar measures [2]. - Cessiah Lopez from Superteam UK noted that Japan's actions may pressure the U.S. to establish a clearer federal framework regarding crypto insider trading [3]. Market Integrity - Insider trading undermines the integrity of financial systems and the crypto community's goal of democratizing wealth access, according to industry experts [4]. - John Park from Arbitrum Foundation emphasized that Japan's legislative clarity could create a gravitational pull for compliance teams, aligning operational norms for market integrity in regions like Brussels and Tokyo [5].

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]

Core Insights - U.S. President Donald Trump has reportedly built a crypto empire valued at over $1 billion through various family-run ventures, including memecoins, stablecoins, and tokenized finance [1][2] Group 1: Financial Performance - Trump and his family have earned over $1 billion in pre-tax profits from their digital asset ventures, which include memecoins, stablecoins, trading cards, and decentralized finance projects [2] - The family's memecoin projects, TRUMP and MELANIA, generated approximately $427 million in fees and trading profits [7] Group 2: Business Operations - The network of companies behind the Trump family's digital asset operations has rapidly expanded since his return to the presidency [2] - World Liberty Financial, co-founded by Trump's sons, operates the WLFI token and the USD1 stablecoin, with token-sale proceeds estimated above $2.7 billion [4] Group 3: Regulatory Environment - Trump's administration has been characterized as one of the most industry-friendly in U.S. history, with policies including the creation of a national Bitcoin reserve and relaxed enforcement at the SEC [3] - Following the resignation of Gary Gensler from the SEC, enforcement actions against major crypto donors were reportedly dropped or settled [6] Group 4: Family Involvement - Eric Trump indicated that the family's actual crypto profits might exceed the reported $1 billion [5] - DT Marks DeFi LLC, controlled by the Trump family, initially owned 75% of World Liberty Financial but later reduced its stake to 38% [5]

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]

Core Insights - Bitcoin has experienced significant volatility in October, initially rising due to investor interest as a hedge against US government shutdown uncertainty, but subsequently dropping sharply following President Trump's tariff threats [1][4]. Market Performance - Bitcoin's price fell from $121,000 to as low as $104,000, marking an 8% decline in the past month, while gold reached new all-time highs above $4,200, increasing by 16% in the same period [1][2]. - As of Thursday, Bitcoin was trading around $108,000 per token, reflecting ongoing struggles to recover from recent losses [4]. Investor Behavior - Capital is currently favoring gold due to its momentum and lower volatility, with central banks acting as structural buyers, which may lead to a future rotation back into Bitcoin as it typically follows gold trends [3]. - A significant player in the market, referred to as a "whale," profited $192 million by shorting Bitcoin before the crash, indicating strategic trading behavior that may have intensified selling pressure [5]. Market Dynamics - The recent drop in Bitcoin's price was exacerbated by the crypto derivatives ecosystem, which saw over $19 billion in liquidations during the price decline, leading to automatic closures of risky trades [4]. - Analysts remain optimistic about Bitcoin's long-term prospects, with JPMorgan predicting a price target of $165,000 by year-end and Citi forecasting $133,000, potentially reaching $181,000 by the end of 2026 [6].