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SEC, CFTC-Registered Exchanges Receive Blessing to Facilitate Spot Crypto Trading

by admin September 3, 2025

In brief

The joint statement covers crypto products focused on leverage, margin and financed spot retail commodity transactions.
One market observer expects spot crypto assets to receive listings on major equity indexes.
Regulators are inviting market participants to engage with SEC or CFTC staff.

Exchanges registered with the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission should be allowed to facilitate trading of some spot crypto products, the two agencies announced in a joint statement on Tuesday.

The SEC and CFTC, the primary regulators of asset markets, did not mention specific digital assets, but said their joint staff statement covers crypto products centered on “leverage, margin, and financed spot retail commodity transactions.”

Earlier this year, a report, dubbed “Strengthening American Leadership in Digital Financial Technology” and issued by the President’s Working Group on Digital Asset Markets, asked the agencies to provide “regulatory clarity” on those assets, including other issues.

Under the law, registered exchanges are not prohibited from facilitating trading of those spot crypto asset products, they said Tuesday.

“As contemplated by the PWG Report, the Divisions’ coordination will promote trading venue choice and optionality for market participants within the U.S.,” the joint statement reads. “In line with these goals, the divisions stand ready to support consideration by their respective agencies of exchange trading in certain spot crypto asset products.

The statement is among the latest evidence of the rapidly improving regulatory environment for digital assets under the Trump administration.

In the eight months since Donald Trump has been in office, the SEC and CFTC have dropped multiple lawsuits against prominent crypto organizations and repeatedly signaled their willingness to work with an industry that supported Trump’s 2024 campaign.

“Proud to work together with @SECPaulSAtkins to deliver another win on regulatory clarity to trade crypto how you want and where you want to, safely on registered exchanges,”Acting CFTC Chairman Caroline Pham wrote in a post on the social media platform X.

CFTC-registered designated contract markets, foreign board of trade, and commodity transactions listed on an SEC-registered national securities exchange “will not be “prohibited from facilitating the trading of certain spot crypto asset products,” the statement reads.

The regulators invited “market participants to engage with SEC or CFTC staff, as needed.”

Among other points, the agencies said that applicable rules will permit clearinghouses to partner with a custodian to maintain customer accounts.

They recommended “sharing of reference pricing venues by NSEs, DCMs, and FBOTs to improve market surveillance.

In an X post, VanEck Head of Digital Assets Research Matthew Sigel wrote that the statement suggested that major equity exchanges, including NYSE and the Nasdaq, would “soon have spot trading for BTC, ETH, and more.”

But Amanda Fischer, former SEC chief of staff to Gary Gensler, was wary of that possibility and raised concerns about the statement’s vagueness and the absence of regulation.

“There’s a lot of fanfare, but this statement doesn’t actually answer any questions,” Fischer wrote in an X thread. “The issue is that the exchange, as a self-regulatory organization, and the SEC will have very little to no legal authority to set rules, examine, or enforce trading or customer rules around spot commodities trading on securities exchanges.”

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September 3, 2025 0 comments

GameFi Guides

Binance, other exchanges list WLFI token as trading begins

by admin September 1, 2025

World Liberty Financial’s WLFI token officially begins trading today, Sept. 1, with Binance and several other major exchanges listing the asset as its token unlock kicks in.

Summary

Binance and multiple exchanges launch WLFI spot trading as its first token unlock goes live.
20% of presale allocations released via Lockbox, with future releases subject to community votes.
WLFI’s stablecoin expands to Solana with $2.2B market cap and ecosystem integrations.

Binance announced on Sept.1 that WLFI spot trading will open at 13:00 UTC with WLFI/USDT and WLFI/USDC pairs. Deposits opened earlier in the day, while withdrawals will follow on Sept. 2. The launch expands WLFI access beyond its pre-market futures, which had been live on Binance and Hyperliquid (HYPE) since late August.

Bybit, OKX, KuCoin, Gate.io, MEXC, Bitget, BingX, and HTX are also listing WLFI, ensuring broad coverage across centralized exchanges. Futures products, first introduced last month, gave traders early exposure, with WLFI pricing near $0.27 ahead of today’s debut.

WLFI token unlock and governance

The exchange listings coincide with WLFI’s first unlock event. Early backers from presale rounds at $0.015 and $0.05 can now claim 20% of their allocations, equal to about 5% of the 100 billion total supply. The remaining 80% will be released over time through governance votes.

A smart contract system known as the Lockbox, audited by Cyfrin, manages the distribution. The feature launched on Aug. 25, giving token holders a week to prepare for trading. Investors must activate their Lockbox to access unlocked allocations.

A key component of WLFI’s design is community control. Token holders have a say in project funding, unlock schedules, and Treasury decisions. In July, more than 99% of voters approved making WLFI tradable, transitioning it from a governance-only token to a fully liquid asset on Ethereum (ETH).

USD1 expands to Solana

Alongside WLFI’s debut, World Liberty Financial also announced that its stablecoin, USD1, is now live on Solana (SOL). Pegged 1:1 to the U.S. dollar, USD1 has already reached a $2.2 billion market cap in under 90 days, making it one of the fastest-growing stablecoins.

USD1 is now live on Solana – where capital markets finally move at internet speed.

USD1 is a stablecoin redeemable on a 1:1 basis for the U.S. Dollar, built for speed and control, running on a fast and scalable financial layer in DeFi.

USD1 brings stability. Solana brings… pic.twitter.com/FTNw3ChLCn

— WLFI (@worldlibertyfi) September 1, 2025

The Solana launch includes integrations with Bonk (BONK) for token launches, Kamino Finance for lending and borrowing, and Raydium (RAY) for trading liquidity. With USD1 joining other stablecoins, Solana now has $11.9 billion in circulating stablecoins.

Political and regulatory backdrop

WLFI has attracted attention outside of the cryptocurrency markets due to its ties to the Trump family. Potential conflicts of interest have drawn criticism, particularly in the wake of the GENIUS Act’s passage, which shapes the framework for digital assets in the United States.

While exchange support provides WLFI with instant liquidity, its political connections add uncertainty to its regulatory outlook.

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September 1, 2025 0 comments

GameFi Guides

CFTC Clears Path for Americans to Trade on Foreign Crypto Exchanges

by admin August 29, 2025

The Commodity Futures Trading Commission (CFTC) said in a statement on Thursday that Americans will again have a clear path to trade on foreign exchanges.

The agency said non-U.S. platforms can register under existing rules that have been in place for years, therefore ending the confusion that kept many U.S. traders away from international markets.

A Clear Path Through FBOT Rules

The CFTC’s Division of Market Oversight released the guidance, explaining how foreign exchanges can register as what is called a “foreign board of trade,” or FBOT, which means any market or exchange that is outside the United States. If a foreign platform registers as an FBOT, Americans can legally use it without breaking CFTC rules.

Acting Chair Caroline Pham said the problems were caused by past policies. “Today’s FBOT advisory provides the regulatory clarity needed to legally onshore trading activity that was driven out of the United States due to the unprecedented regulation by the enforcement approach of the past several years,” Pham said in the statement.

She also said the decision will give U.S. traders more choice and access. According to her, American companies that had to move their crypto trading overseas will now have “a path back to U.S. markets.” She explained that the agency wants traders to reach the deepest and most liquid global markets without being blocked by unclear rules.

Putting an End to Years of Regulatory Confusion

There’s an important point that the advisory added. A foreign exchange that registers as an FBOT does not have to be a designated contract market, also known as a DCM. A DCM is a regulated U.S. exchange that lists contracts such as futures or options.

The difference matters because, under the Biden administration, the CFTC brought several enforcement cases against crypto platforms, saying they should have registered as DCMs.

One of the biggest cases was against Binance in 2023. The CFTC accused the exchange and its founder of failing to register as a DCM and claimed they had broken U.S. law on purpose. That case and others caused many foreign platforms to block American traders or move activity offshore.

The new guidance says the older FBOT system remains valid. To qualify, a foreign exchange must show it is properly supervised in its home country and must also agree to share information with U.S. authorities.

Also Read: Caliber Shares Surge 80% as It Announces Chainlink Treasury Plan

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August 29, 2025 0 comments

GameFi Guides

CFTC to Allow US Citizens to Trade on Binance, Other Foreign Crypto Exchanges

by admin August 28, 2025

The U.S. Commodities Futures Trading Commission issued new guidance on Thursday for foreign firms, saying they now have a pathway to operating legally in the U.S.

The regulator said in a blog post that it had put out new guidance regarding its foreign board of trade registration framework, which would apply equally to both traditional and crypto markets.

In a statement, Acting CFTC Chair Caroline D. Pham described the move as a way to dispel a lack of regulatory clarity marked by “regulation through enforcement” in recent years—a strategy employed by former SEC Chair Gary Gensler, under President Joe Biden, that had been widely criticized across the crypto industry.

“American companies that were forced to set up shop in foreign jurisdictions to facilitate crypto asset trading now have a path back to U.S. markets,” she said, calling the move “another example of how the CFTC will continue to deliver wins for President Trump.”

Crypto exchanges like Binance have been precluded from U.S. markets in recent years because they are not registered with U.S. regulators. Under the terms of a $4.3 billion settlement in 2023, the exchange agreed to “completely exit” U.S. markets.

Editor’s note: This story is breaking and will be updated with additional details.

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August 28, 2025 0 comments

NFT Gaming

Global stock exchanges call on regulators to crack down on tokenised stocks

by admin August 25, 2025

Tokenized equities mimic stocks without any of the rights or safeguards of real stocks, the World Federation of Exchanges claims.

Summary

World Federation of Exchanges warned major global regulators about tokenized stocks
Tokenized equities, WFE claims, offer lower protections than actual stocks
Expanding asset tokenization could confuse investors into buying riskier asset

Global stock exchanges are urging top regulators to crack down on tokenized stocks. The World Federation of Exchanges sent a letter to major regulators warning them about the new risks these tokens create for investors, according to Reuters.

WFE sent a letter to three major regulators on Friday, claiming that these blockchain tokens mimic securities without providing the same protections and rights. The agency is concerned that if these tokens fail, exchanges could suffer reputational damage, and it called on regulators to address the issue.

“We are alarmed at the plethora of brokers and crypto-trading platforms offering or intending to offer so-called tokenised U.S. stocks,” the WFE letter wrote. “These products are marketed as stock tokens or the equivalent to stocks when they are not.”

The Securities and Exchange Commission’s Crypto Task Force, the European Securities and Markets Authority, and the global securities watchdog IOSCO’s Fintech Task Force were the agencies that received the letter.

Robinhood, Kraken push into tokenized securities

Tokenized shares represent ownership of underlying shares, but lack some of the inherent shareholder rights. This includes voting rights, dividends, and custody protections. In many cases, traders cannot redeem their shares and can only sell them back on the issuing platform.

Robinhood, Coinbase, Kraken, Gemini, nd eToro are among the companies that offer similar products. However, these platforms try to make it clear that tokenized stocks are not equivalent to the underlying assets. Typically, these assets have a different ticker from the stock, for instance, COINx for tokenized Coinbase stock on Kraken. Moreover, Kraken explains that owning this instrument does not confer shareholder rights.

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August 25, 2025 0 comments

Crypto Trends

Financial Firm Accused Of Daily Scam Emails In Exchange’s Collapse

by admin August 22, 2025

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Kroll, a financial and risk advisory firm, is facing a class-action suit after a data breach that exposed personal details of creditors tied to FTX, BlockFi and Genesis.

According to the complaint, the breach in August 2023 let malicious actors obtain sensitive data, and that exposure has led to a wave of phishing attempts against creditors.

Allegations Of Negligence

Based on reports, the lawsuit says Kroll relied only on email for claims outreach, which made the verification process vulnerable.

The suit was filed on Tuesday in a US district court by Hall Attorneys on behalf of FTX customer Jacob Repko and other affected creditors.

The complaint claims that email-only contact created a single point of failure, and that the verification system was compromised, causing delays and, in some cases, loss of funds.

Hall Attorneys say the matter is not just about money but about fixing how creditors are contacted going forward.

Nicholas Hall, who leads the firm handling the suit, has told creditors that eligible participants might get monetary compensation and that court rulings could force operational changes at Kroll.

Repeated Breaches Raise Questions

Reports have disclosed that this is not an isolated incident for Kroll. In March, the firm reportedly suffered another breach that exposed client invoicing, accounts payable and email addresses.

Sunil Kavuri, a prominent FTX creditor, posted on X that he has been getting phishing emails on a daily basis, and he shared screenshots showing scams addressed to him by name.

One screenshot in the report shows messages arriving from Aug. 14 through Sunday, and other users replied saying they had seen the same emails.

Total crypto market cap currently at $3.7 trillion. Chart: TradingView

Third Round Of FTX Reimbursement In September

The suit comes as FTX moves ahead with payouts to creditors. The third round of reimbursement is set to start on Sept. 30 and will total nearly $2 billion.

More than $5 billion went out in the second round in May, and in February the plan covered $1.2 billion for users with claims up to $50,000.

The FTX Collapse

FTX’s collapse in November 2022, spearheaded by its ex-CEO Sam Bankman-Fried, rocked the entire crypto market and erased billions of investor value.

Its failure set off a chain reaction that saw prices of digital assets plummet and raise profound doubts about risk management and transparency in the industry.

For most investors, the case was a watershed, underscoring the weaknesses of centralized platforms and stoking demands for a more extensive regulation and protection in crypto.

Featured image from Quartz, chart from TradingView

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August 22, 2025 0 comments

Crypto Trends

Bitcoin STH Capitulate: $5.69B In Losses Hit Exchanges In 48 Hours

by admin August 21, 2025

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Bitcoin is trading at a critical support level after reaching a new all-time high of $124,500 before swiftly losing the $115K level in less than a week. The sudden reversal underscores the sharp rise in volatility, with bulls and bears locked in a battle for momentum. While some analysts argue that BTC could reclaim its highs in the coming days, others expect the market to cool off further, with consolidation potentially dragging the price into lower ranges.

Key insights from CryptoQuant analyst Maartunn reveal that Bitcoin just faced one of the heaviest loss-driven moves in weeks. Short-term holders (STHs) have been under pressure, with billions in BTC flowing into exchanges at a loss, signaling capitulation among speculative investors. Historically, such moments of intense selling either trigger deeper corrections or set the stage for recovery rallies, depending on how quickly markets absorb the supply.

For now, Bitcoin’s ability to stabilize above the $115K–$113K support zone will likely determine the short-term trajectory. If buyers step in aggressively, a rebound toward $120K+ could materialize. However, failure to defend current levels may leave BTC vulnerable to a deeper retracement before any attempt to retest its all-time highs.

Short-Term Holders Capitulate as Bitcoin Faces Pressure

According to CryptoQuant analyst Maartunn, Bitcoin’s short-term holders (STHs) are showing signs of serious capitulation. Over just two days, a staggering 50,026 BTC — worth approximately $5.69 billion — flowed from STHs to exchanges at a loss. This marks the deepest loss-driven move in more than a month, underscoring how quickly sentiment can shift in an overheated market.

Bitcoin STH P&L to Exchange Sum 24H | Source: Maartunn

STHs selling at a loss is a critical signal. Historically, these moments often align with market stress points where speculative investors exit positions under pressure. Bulls, however, are looking for a different outcome. They want this to represent a sharp flush-out of weak hands, followed by renewed accumulation and a swift price rebound. In this view, the sell-off would simply be a reset — a profit-taking event that clears the path for more sustainable gains.

If that fails to materialize, the risk grows that this episode could mirror the prolonged loss realization seen from late February through late May, when persistent capitulation dragged Bitcoin through an extended consolidation phase.

For now, bulls are defending the $115K region, but many analysts point to $110K as a decisive level. Losing that support could expose BTC to a deeper retracement, while holding it could provide the springboard for a renewed push back toward all-time highs.

BTC Price Analysis: Testing Key Moving Average

The 8-hour Bitcoin chart shows that BTC is under strong selling pressure after failing to hold above the $120K–$123K resistance area. The chart highlights multiple rejections at the $123,217 level, establishing it as a critical ceiling. After the most recent failed breakout attempt, price has sharply retraced, now trading around $113,486.

BTC testing critical demand | Source: BTCUSDT chart on TradingView

On the downside, BTC is testing the 200-period moving average (red line), currently sitting near $113,292. This zone has acted as a key support level in previous consolidations. If the price manages to defend this area, it could form a base for a potential rebound toward the mid-range levels around $117K–$118K. However, failure to hold this moving average would likely open the door for a deeper correction toward the $110K psychological level.

The 50-period (blue) and 100-period (green) moving averages are now above the price, acting as resistance, signaling a short-term bearish bias. Market structure suggests consolidation is underway, with momentum shifting toward bears.

Featured image from Dall-E, chart from TradingView

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August 21, 2025 0 comments

NFT Gaming

$5,690,000,000 BTC Hit Exchanges at Loss in Just 48 Hours: Details

by admin August 20, 2025

According to Maartunn, a community analyst at on-chain data platform CryptoQuant, $5.69 billion worth of Bitcoin flowed to crypto exchanges at a loss in 48 hours as short-term holders capitulated. Deposits to exchanges often imply an intent to sell; this is the case as the market has seen a drop since the start of the week, with $441 million liquidated in the last 24 hours alone.

Maartunn observed that Short-Term Holders are selling at a loss: 50,026 BTC or $5.69 billion arrived at exchanges at a loss from this class of Bitcoin holders over just two days. This marks one of the heaviest loss-driven moves in weeks.

In a separate tweet, Maartunn described the profit-taking move as having the deepest value in over a month, adding that bulls would want to see this as a signal for a sharp move upward; otherwise, it could mirror the prolonged loss-taking seen from late February to late May.

Market retreats

The market is seeing profit-taking after reaching new highs, as major cryptocurrencies retreated, bringing the market’s total worth below $4 trillion.

Ethereum Floods Exchanges As Bitcoin Remains Unshaken: Market Braces For Volatility

by admin August 18, 2025

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Ethereum is navigating renewed volatility after weeks of relentless gains and bullish momentum. The world’s second-largest cryptocurrency surged to its highest levels in years, but bulls are now locked in a battle to defend the $4,200 mark. This price point has emerged as a crucial short-term support, with institutional buyers continuing to accumulate ETH despite recent turbulence in broader markets.

What stands out in this phase is Ethereum’s exchange inflow activity compared to Bitcoin. Over the past month, the two assets have displayed sharply different patterns. While Bitcoin’s inflows have remained relatively moderate, signaling stability and limited selling pressure, Ethereum has seen a significant uptick in coins moving onto exchanges.

This divergence suggests a more dynamic market structure for Ethereum. Rising inflows could indicate profit-taking by long-term holders, or repositioning by large investors preparing for volatility or upcoming catalysts in the ETH ecosystem. Still, institutional interest, alongside strengthening fundamentals such as declining supply on exchanges, continues to support Ethereum’s long-term outlook. Traders now watch closely to see if ETH can hold $4,200 and stabilize for another leg higher.

Bitcoin vs. Ethereum: Divergence in Exchange Inflows

According to on-chain data from CryptoQuant, Bitcoin (BTC) and Ethereum (ETH) are showing a clear divergence in exchange inflows, signaling very different dynamics at play in the market. Bitcoin inflows have remained moderate, fluctuating between 12,000 and 70,000 BTC per day.

While there have been brief spikes in mid-July and around August 1st, these movements have not persisted long enough to suggest a broader trend. This steadiness implies that BTC holders are not rushing to exchanges, which reduces immediate selling pressure. It also reinforces the idea that sentiment around Bitcoin remains relatively stable despite recent volatility in price action.

Ethereum, however, is telling a different story. Over the past several weeks, ETH inflows have surged significantly, with daily exchange inflows repeatedly climbing above 2 million ETH in mid-August and peaking near 2.6 million ETH. This marks a sharp increase compared to late July, when inflows often sat below 1.5 million ETH.

Ethereum Exchange Inflow | Source: CryptoQuant

Such elevated activity suggests large-scale repositioning among major holders or increased profit-taking following ETH’s strong rally. The data highlights that Ethereum is entering a more active trading phase, potentially introducing short-term selling pressure that could influence price direction.

The divergence is striking: Bitcoin inflows suggest relative calm, while Ethereum inflows signal heightened market activity. This imbalance means traders should watch ETH closely, as sustained exchange inflows could either spark a corrective pullback or serve as a stepping stone for a renewed rally, depending on how the market digests the additional liquidity.

Technical Details: Key Price Levels

Ethereum’s recent price action shows a notable retracement following weeks of strong bullish momentum. After peaking near $4,790, ETH has pulled back to around $4,272, reflecting an 11% decline. This move has brought the price back toward a critical support zone at $4,200, where bulls are currently attempting to defend against further downside pressure.

ETH consolidates around key levels | Source: ETHUSDT chart on TradingView

The chart highlights that Ethereum remains well above its key moving averages (50, 100, and 200-day), which are all trending upward and reinforcing a broader bullish structure. Despite the sharp retracement, the longer-term trend still favors buyers, as ETH has maintained higher highs and higher lows since its reversal earlier this year.

A breakdown below $4,200 zone could open the door to $3,800–$3,900, while a successful defense could set the stage for another attempt at the $4,800–$5,000 region. Overall, Ethereum’s chart continues to show bullish strength, though volatility remains high.

Featured image from Dall-E, chart from TradingView

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August 18, 2025 0 comments