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These payments will be drawn from FTX’s $11.4 billion cash reserve.
Just a week after co-founder Andre Cronje revealed that the firm was building a USD-based algorithmic stablecoin offering an annual percentage rate of up to 23%, the company made an abrupt U-turn.
Kalshi argues that its contracts fall under the regulatory domain of the U.S. Commodity Futures Trading Commission (CFTC), not state-level gaming regulators.
Quick Take Bitcoin is up 1.8% above $83,000, with other cryptocurrencies holding relatively steady. U.S. President Donald Trump is expected to make his “Liberation Day” tariff announcement on Wednesday, while details remain undisclosed.
XRP price may record a massive breakout if a 72,500% prediction from a top market analyst comes to reality.
- 2025/04/29 23:46The US SEC Delays Decision on Listing Applications for Bitwise Dogecoin ETF and Franklin XRP FundPANews, April 30th: According to The Block, the US Securities and Exchange Commission (SEC) has issued a document announcing the delay in the decision on the listing applications for the Bitwise Dogecoin ETF and Franklin XRP Fund. The SEC stated that more time is needed to evaluate the relevant rule change proposals, extending the final decision deadline for the Bitwise Dogecoin ETF to June 15th and the Franklin XRP Fund to June 17th. The SEC noted in the document: "The Commission finds it necessary to extend the review period to ensure sufficient time for evaluating the proposal content and the related issues involved." Bloomberg Intelligence ETF analyst James Seyffart commented, "In my view, this was expected, as most of these applications have final deadlines in October 2025 or later."
- 2025/04/29 23:46Overview of Important Overnight Developments on April 3021:00-7:00 Keywords: SEC, Trump, Tether 1. Unto Labs completed a $14.4 million financing round; 2. The U.S. SEC delayed the approval of the Grayscale HEDERA Spot ETF; 3. Trump's media group plans to launch a Truth Social utility token; 4. The U.S. SEC delayed the decision on the Bitwise Spot DOGE ETF application; 5. The U.S. SEC delayed the approval of the Franklin XRP Spot ETF until June 17th; 6. The U.S. SEC delayed the decision on adding staking features to the Fidelity Spot Ethereum ETF; 7. Tether minted an additional 1 billion USDT, with a total of 2 billion minted today.
- 2025/04/29 23:44The U.S. Senate Plans to Vote on Stablecoin Bill Before May 26According to Jinse, based on information from Politico, U.S. Senate Majority Leader John Thune stated in a closed-door meeting that the Senate will address the "GENIUS Act" proposed by Senator Bill Hagerty before May 26. This bill, which passed the Senate Banking Committee in March, aims to restrict any entities other than "licensed payment stablecoin issuers" from issuing payment stablecoins. The House of Representatives has also introduced a companion bill, the "STABLE Act." Democratic lawmakers have criticized the close ties between Trump and related stablecoin companies, fearing an "unprecedented conflict of interest."