CryptoNews

ICE Considers Avalanche to Launch NYSE Tokenized Trading Engine

Michael Blaugrund, Vice President of Strategic Initiatives at ICE, the parent company of NYSE, stated that the company was considering Avalanche to host the trading and on-chain settlement platform currently under development to enable 24/7 trading of tokenized securities. Key Takeaways NYSE is evaluating Avalanche to launch a 24/7 tokenized securities platform, advancing its digital…
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CryptoNews

Grayscale Says Bitcoin Traders Shouldn’t Fear This Fed Cycle

Bitcoin traders may have less to fear from the Federal Reserve’s latest tightening than during the last bear market, according to Grayscale. The crypto asset manager sees the current rate cycle as a limited adjustment rather than a prolonged policy shift. Key Takeaways Grayscale sees the Fed’s latest hike as a mid-cycle adjustment. Bitcoin faces a different rate backdrop than during the 2022…
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Bitcoin Faces $80,000 Ceiling as Fed and CLARITY Risks Mount

Bitcoin may struggle to break decisively above $80,000 as tighter U.S. monetary policy and the CLARITY Act setback weigh on near-term conditions. Coinshares sees both headwinds delaying a stronger crypto recovery. Key Takeaways Coinshares sees a sustained bitcoin move above…
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Ex-SEC Chief Claims Agency Overreaches Authority on Crypto Rules

John Reed Stark argues that the SEC’s new regulatory pretensions run counter to a decade of litigation and conflict with the major questions doctrine, stressing that Congress should discuss and regulate matters of such significance. Key Takeaways SEC Chair Atkins proposed…
CryptoNews

Saylor Sees Bitcoin Winning as Regulators Move Without Congress

Bitcoin can continue gaining institutional ground even with the CLARITY Act stalled in Congress, according to Strategy Executive Chairman Michael Saylor. He expects regulators to advance rules under existing law and banks to expand bitcoin custody and loans. Key Takeaways Saylor expects federal agencies to advance crypto rules under existing law. He sees banks expanding bitcoin custody and…
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Grayscale Sees US Crypto Policy Maturing Despite CLARITY Setback

Grayscale says the crypto industry is still making progress despite the Senate’s failure to advance the CLARITY Act to formal debate. The asset manager pointed to ongoing work at the SEC and CFTC while reaffirming its support for comprehensive digital asset rules. Key Takeaways The Senate failed to invoke cloture on the motion to proceed to the CLARITY Act. Grayscale said the result was “not…
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