CFTC Updates Rules to Launch Pilot Program for Crypto Collateral

The US Commodity Futures Trading Commission has issued updated guidance for tokenized collateral in derivatives markets, paving the way for a pilot program to test how cryptocurrencies can be used as collateral in derivatives markets. Collateral in derivatives markets serves as a security deposit, acting as a guarantee to ensure that a trader can cover…

StableChain Mainnet Launches with Foundation and STABLE Token

Tether-backed Stable protocol has launched its USDT-powered blockchain, StableChain, alongside a new governance foundation and a native token.  According to the protocol, the new layer-1 network is designed for stablecoin transactions and relies on Tether’s USDt (USDT) for gas fees payments, removing the need for volatile assets to process payments. Alongside the mainnet debut, Stable…

Ethereum Whales Open 136K ETH Long Bets Amid 28% Price Rise Potential

Ethereum whales have opened massive long positions on Ether (ETH), totalling $425.98 million, in what looks like a bold bet that the downside is over. Key takeaways: Ethereum whales opened leveraged long positions totaling $426 million. Ether’s ascending triangle targets $4,030 ETH price. Top traders open new ETH long positions Data from Cointelegraph Markets Pro…

US Judge Asks for Clarification on Do Kwon’s Foreign Charges

With Do Kwon scheduled to be sentenced on Thursday after pleading guilty to two felony counts, a US federal judge is asking prosecutors and defense attorneys about the Terraform Labs co-founder’s legal troubles in his native country, South Korea, and Montenegro. In a Monday filing in the US District Court for the Southern District of…

Bitcoin Pro Traders Side-eye Breakouts To $92K

Key takeaways: Economic uncertainty, a delayed jobs report and weakness in the housing market are causing traders to retreat from Bitcoin. Pro traders are incurring high costs to protect against Bitcoin price drops, while in China, stablecoins are being sold at a discount to exit the crypto market. Bitcoin (BTC) faced a $2,650 pullback after…

Bitcoin Pro Traders Side-eye Breakouts To $92K

Key takeaways: Economic uncertainty, a delayed jobs report and weakness in the housing market are causing traders to retreat from Bitcoin. Pro traders are incurring high costs to protect against Bitcoin price drops, while in China, stablecoins are being sold at a discount to exit the crypto market. Bitcoin (BTC) faced a $2,650 pullback after…

Ripple Exec Says XRP Needs a Solana-Style Playbook to Keep Up

Key takeaways: Luke Judges states that technical strength alone cannot guarantee long-term competitiveness, suggesting that XRP could benefit from Solana’s pragmatism and execution speed. Judges believes Solana’s market traction comes from practical engineering and a fast go-to-market strategy rather than protocol design alone. David Schwartz takes the opposite position, arguing that XRPL’s reliability and stability…

Ripple Exec Says XRP Needs a Solana-Style Playbook to Keep Up

Key takeaways: Luke Judges states that technical strength alone cannot guarantee long-term competitiveness, suggesting that XRP could benefit from Solana’s pragmatism and execution speed. Judges believes Solana’s market traction comes from practical engineering and a fast go-to-market strategy rather than protocol design alone. David Schwartz takes the opposite position, arguing that XRPL’s reliability and stability…

BlackRock Files for Listing Staked Ether ETF

US-based asset management company BlackRock has applied to list and trade shares of an investment vehicle tied to staked Ether, following its offering of other cryptocurrency products. In a Friday filing with the US Securities and Exchange Commission, BlackRock filed a Form S-1 registration statement for its iShares Staked Ethereum Trust exchange-traded fund. The filing…

Canada Struggles to Track Crypto Taxes as $100M Recovered in Audits

The Canadian Revenue Agency (CRA) revealed that 40% of taxpayers who use cryptoasset platforms are evading crypto taxes or are at high risk of non-compliance, the Canadian Press reported December 7. The news outlet said it received an emailed statement from CRA saying it has 35 auditors in its cryptoasset program, working on over 230…