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Ethereum news
GameFi Guides

Ethereum Foundation Unveils Next Phase Of Its Privacy Revolution

by admin October 3, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The Ethereum Foundation (EF) has formalized a new leadership structure for its privacy program, elevating privacy from a set of parallel initiatives to a coordinated “Privacy @ EF” cluster that is explicitly organized around real-world use cases and deployability.

Ethereum Makes Privacy A Priority

In an October 1 post titled “Privacy Cluster Leadership Announcement,” EF said it is “organizing for scale and impact,” naming longtime ecosystem builder Igor Barinov as the coordinator of Privacy @ EF and Andy Guzman as the new coordinator of the PSE (Privacy & Scaling Explorations) team, succeeding Sam Richards. “Together, Igor and Andy will help ensure Ethereum’s privacy work is impactful, coherent, and accountable,” the Foundation wrote.

The announcement reframes EF’s privacy mission as three concrete pillars—“Private Reads,” “Private Writes,” and “Private Proving”—that directly map to user and institutional needs. Private Reads targets surveillance-resistant querying, authentication, and browsing; Private Writes focuses on shielding actions such as payments, governance, and transfers; and Private Proving aims to make proofs “efficient, portable, and usable across contexts like identities, data portability, and client-side proving.”

EF links these pillars to practical compliance and safety requirements, arguing they are “necessary for institutions to comply with data protection standards,” help individuals avoid metadata leaks, and “shield our private financial information.”The Foundation is explicit that privacy will no longer be treated as an abstract research track divorced from shipping software.

“For Ethereum to become a foundation for civilizational infrastructure, privacy cannot be abstract research alone. It must be organized, resourced, and deployed at scale,” the post states—an unusually direct articulation of the program’s end goal and a signal that the cluster will be judged on delivery as much as on research output.

The post closes with a blunt credo—“Privacy is normal, and Ethereum is for privacy”—and an open invitation for builders to connect with Barinov and Guzman and to explore a catalog of “700+ projects” in the on-chain privacy space.

Barinov, best known for founding Blockscout, Gnosis Chain, and zkBob, brings a mix of infrastructure, open-source stewardship, and applied privacy product experience. Guzman, who has been with PSE/EF since 2022, moves from strategy and product leadership into the top operational role for PSE, which EF describes as spanning applied cryptography, research, and engineering.

Substantively, the cluster model is designed to integrate ongoing work on privacy-preserving computation with Ethereum’s public verifiability guarantees. While the post does not enumerate specific deliverables or dates, its emphasis on “portable” and “usable” proving, institutional compliance, and metadata-minimizing reads implies a roadmap that extends beyond shielded transfers toward end-to-end private user journeys—identity, access, payments, and governance—compatible with L1/L2 designs and client-side proving patterns that have been maturing across the ecosystem.

At press time, ETH traded $4,380.

Ethereum price, 1-week chart | Source: ETHUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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October 3, 2025 0 comments
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Crypto Trends

Will Traders in Asia Drive Next Phase of the Bitcoin Bull Run?

by admin September 23, 2025



In brief

  • Asian session’s 46% cumulative returns over the past year tower over the U.S. 31% and the EU’s 29%.
  • While the Asian session may temporarily knock back U.S. and EU institutions, it won’t be enough to kickstart the second half of the bull run. 
  • Liquidity, leverage, and macroeconomic conditions will determine how long this cycle will last. 

Crypto market data shows that cumulative returns in the Asian session are outpacing those in the U.S. and EU. Despite this growing divergence in returns, an analyst told Decrypt the U.S. still plays a pivotal role in shaping how this cycle progresses.

Over the past year, the cumulative returns noted in the Asian session hovered around 47%, closely followed by the U.S. and EU with roughly 31% and 29%, per Velo data.

Ryan Lee, chief analyst at Bitget, told Decrypt that this is due to “a 69% year-over-year increase in APAC trading volumes, reaching $2.36 trillion by mid-2025.” The primary reason for this uptick, he explained, is regulatory clarity in Hong Kong, boosting institutional and stablecoin adoption.

The divergence in returns between the East and the West could be due to the driver of the underlying capital, Jeffrey Ding, chief analyst at HashKey Group, told Decrypt. While institutional flows remain dominant in the U.S. and EU, he explained, “Asian markets are still more retail-driven, which naturally brings higher volatility and a stronger speculative element.”



The Kimchi premium, tracked by CryptoQuant, has remained positive over the past year, except for a few dips in late November 2024 and the first half of 2025’s third quarter. The indicator, nicknamed after a popular Korean dish, measures the premium investors are paying for crypto assets on South Korean exchanges, such as Upbit and Bithumb, compared to global exchanges, including Coinbase, Binance, and Bybit.

Referring to the “eastward liquidity shift,” Lee explained that the spike in the Kimichi premium, coupled with a drop in the U.S. vs offshore exchange reserve ratio, has cemented Asian exchanges such as Binance, Bybit, Bitget, and others.

This development, as a result, could help sustain the APAC’s cumulative returns and dominance, helping boost the second half of the ongoing bull run.

Ding, on the other hand, took a different route, noting that the Asian session is amplifying the Bitcoin bull run, which is a “product of the U.S. policy and positive expectations around liquidity,” influenced by other factors, such as global dollar liquidity, Federal Reserve decisions, and regional regulatory environments.

All of which will determine how long this cycle will last, he added.

While a surge in Asian speculative flows may temporarily prompt the U.S. and EU to step back, Ding added, it may not be enough to “alter the long-term trajectory of institutional investment.”

Bitcoin is up 0.4% in the past 24 hours and is currently trading at $113,000, attempting a recovery bounce after Monday’s liquidation cascade, according to CoinGecko data.

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September 23, 2025 0 comments
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Is A New Bullish Phase About To Commence?
NFT Gaming

Is A New Bullish Phase About To Commence?

by admin September 20, 2025


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Crypto analyst with the username PelinayPA has noted a recent shift in Bitcoin traders’ profitability with potentially strong bullish implications. Notably, the premier cryptocurrency continues to trade within the $115,000 price region after earlier price gains on Thursday were followed by a correction of equal measure.

SOPR Ratio Trends Up: Market Signals Point To New Bitcoin Rally

In a QuickTake post on September 19, PelinayPA shares some potential insights into Bitcoin’s future trajectory based on the latest Spent Output Profit Ratio (SOPR) developments. For context, the SOPR is an on-chain metric that reflects whether Bitcoin investors are selling their coins at a profit or a loss.

However, this metric can also be used to gauge the balance of profitability between long-term holders and short-term holders when we compare the SOPR Ratios of both parties, i.e, LTH/STH SOPR. When the ratio is high (LTH > STH), it indicates that seasoned investors are more profitable, often signaling the beginning or continuation of a sustainable bull market.

 

Source: CryptoQuant

Conversely, when the ratio is low (LTH < STH), it suggests that short-term traders are outperforming, typically occurring during market tops or in the early stages of bear markets. Looking at historical cycles, PelinayPA explains that the indicator has proven to be a reliable lens into Bitcoin’s investor dynamics and various market conditions. For example, in the 2020–2021 bull run, the ratio remained moderate as short-term traders recorded substantial gains alongside long-term holders, establishing an unsustainable rally and weak market top, eventually triggering a significant price correction.

PelinayPA also references the depths of the 2022–2024 bear market during the SOPR ratio remained suppressed, reflecting weak profitability among long-term holders, but as Bitcoin began its recovery through 2023 and 2024, the metric started climbing again, hinting at a potential structural shift to a new bull phase.

In the present market,  the LTH/STH SOPR ratio is balanced but moving upward, a sign that long-term holders are regaining their advantage. PelinayPA suggests this could mark the early stages of a new bull cycle, with indicators pointing to $120,000 as the next major upside technical target.

Bitcoin Whale Accumulation Remains High

In other news, US-based institutions and whales continue to accumulate substantial levels of Bitcoin regardless of price movements. Market analyst Darkfost reports that Coinbase Premium has turned consistently positive since April, reflecting stronger institutional demand from US traders compared to entities on other trading platforms, such as Binance. At the time of writing, Bitcoin trades at $115,668 after a net 0.35% loss in the past seven days. 

BTC trading at $115,719 on the daily chart | Source: BTCUSDT chart on Tradingview.com

Featured image from Flickr, chart from Tradingview

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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September 20, 2025 0 comments
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Wormhole's W token enters 'value accrual' phase with strategic reserve
NFT Gaming

Wormhole’s W token enters ‘value accrual’ phase with strategic reserve

by admin September 17, 2025



Wormhole has moved beyond its distribution phase, initiating a new strategy. By allocating on-chain and off-chain protocol revenue to a dedicated treasury, the cross-chain protocol is creating a direct link between its commercial success and the value of its native token, W.

Summary

  • Wormhole launched W 2.0 tokenomics with a new strategic reserve funded by protocol revenue.
  • The upgrade introduces a 4% base yield for governance stakers and smoother bi-weekly token unlocks.
  • The reserve ties W’s value directly to ecosystem growth, while changes aim to reduce market shocks and strengthen long-term alignment.

According to an announcement on September 17, the interoperability platform will begin channeling fees generated across its entire ecosystem, including its core messaging layer, the Portal bridge, and other applications, into a newly formed strategic reserve.

The Wormhole team said the treasury will be denominated in W and designed to be a permanent holder, systematically accumulating tokens to support long-term ecosystem growth.

Notably, the initiative is part of a broader “W 2.0” tokenomics upgrade and directly ties the treasury’s expansion to the protocol’s commercial performance, ensuring its war chest grows in tandem with network adoption.

Why Wormhole is reshaping W’s economics now

Nearly five years after its launch in 2020, the Wormhole has matured into one of the most widely integrated interoperability protocols, powering applications across more than 40 blockchains. With that scale comes both opportunity and pressure.

As institutions, governments, and corporations accelerate their on-chain experiments, Wormhole is positioning itself to capture value flowing across fragmented networks. A retooled W token lies at the center of that strategy, serving as the link between the protocol’s adoption curve and tokenholder incentives.

At its core, W is a capped-supply multichain asset. Of its 10 billion tokens, just under half, about 4.7 billion, are currently circulating. W carries governance rights, secures the network through staking, and directs resources toward long-term ecosystem growth.

But under the new 2.0 framework, its role is expanding. Wormhole has introduced a targeted 4% base yield for stakers who participate in governance, with the potential for higher returns tied to activity on flagship applications like the Portal bridge. Rewards are not guaranteed and remain emissions rather than revenue shares, but the design creates a more consistent incentive for users to remain engaged.

The Wormhole reserve

The most notable addition is the Wormhole Reserve. The reserve will be capitalized exclusively by on-chain and off-chain revenue generated across the Wormhole ecosystem. This includes fees from its core cross-chain messaging layer, its user-facing Portal application, and a suite of other ecosystem products.

Rather than distributing these profits, the protocol will use them to accumulate W tokens on the open market, creating a built-in, recurring source of demand that is directly correlated to network usage and adoption.

Complementing the reserve is a significant overhaul of the token’s emission schedule. According to the press release, Wormhole is abandoning its annual unlock cliffs in favor of a biweekly distribution model.

This change applies to several major token categories including Guardian Nodes, which represent 5.1% of the total supply, the Community and Launch allocation at 17%, the Ecosystem and Incubation pool at 31%, and Strategic Network Participants, who hold 11.6%.

By shifting to a linear, four-and-a-half-year vesting schedule for these groups, Wormhole intends to smooth out token releases, thereby reducing market shocks and fostering a more stable trading environment.

At the time of writing, the W token was trading at approximately $0.094, according to data referenced in the source material from crypto.news. The token also saw a price increase of more than 7.82% following the announcement.



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September 17, 2025 0 comments
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Microsoft and OpenAI announce the ‘next phase’ of their partnership

by admin September 12, 2025


Microsoft and OpenAI have issued a joint statement to say that they have signed a non-binding memorandum of understanding for the “next phase” of their partnership. The companies are still finalizing the terms of agreement and haven’t shared the details of what their future would look like exactly. But according to The New York Times, the deal includes hows the parties share technology and and the revenue from those technologies. The new agreement also reportedly modifies the clause in the original, which states that Microsoft cannot access OpenAI’s most powerful technology if its board decides that it has reached human-like artificial general intelligence or AGI.

In addition to the new deal, The Times says OpenAI is giving an equity stake worth at least $100 billion to its nonprofit arm that will continue to oversee and control the organization. As the publication notes, a change in the company’s agreement paves the way for OpenAI to transition into a public benefit corporation, a type of corporation that’s meant to make a positive impact on society, and for an eventual IPO. OpenAI had to reach an acceptable agreement with Microsoft first, including how much equity it’s getting in the AI firm’s for-profit arm. Microsoft had invested over $13 billion into OpenAI and is entitled to 49 percent of its future profits.

Reports about OpenAI moving away from its complicated non-profit structure started coming out last year. After Christmas in 2024, it officially announced its plan to transform itself into a public benefit corporation with ordinary shares of stock. “It will enable us to raise the necessary capital with conventional terms like others in this space,” it said at the time. In May, however, OpenAI announced that it was no longer going to remove the control of its for-profit arm from its non-profit board. “OpenAI was founded as a nonprofit, and is today overseen and controlled by that nonprofit. Going forward, it will continue to be overseen and controlled by that nonprofit,” it said.



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September 12, 2025 0 comments
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Dogecoin price
Crypto Trends

Dogecoin Enters Accumulation Phase: What To Expect As Price Faces Resistance At $0.22

by admin September 8, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

With the market remaining indecisive, Dogecoin has found its way into another accumulation phase after being rejected by bears once again. This has seen its price stuck just above $0.2, with a failure to mark any successful breakout. However, with accumulation trends, they often tend to form the basis for the next move, which could happen soon. Naturally, there are two ways the price could go from here, so we take a look at the next notable levels.

The Bullish Case For Dogecoin

Crypto analyst Lingrid has explored the possible directions that the Dogecoin price could go in when the accumulation trend does come to an end. The first is the bullish scenario, given that the Dogecoin price has seen the formation of a major structure.

The current structure shows that the Dogecoin price is actually still trading inside of a descending structure. This comes after the rejection from the resistance trendline that pushes the price downwards from $0.24. But this has not completely sent the Dogecoin price into the arms of bears, as there is still some bullish momentum.

Mostly, the price has continued to trade sideways, meaning that both sides have an opportunity to pull Dogecoin in their favor. For the bulls, though, the major level for them now is to maintain the support that has developed at $0.2 over the last few weeks.

As Lingrid explained, holding this support could see a potential rebound from here. If this break of structure is completed, and there is a confirmation above $0.22, then the next major levels would lie at $0.2420-$0.2670. This would make $0.2-$0.21 the ideal buy zones.

Source: TradingView.com

The More Bearish Scenario

As mentioned above, the Dogecoin price is still trading sideways, so the bears have as much of a chance as the bulls to claim control. Since the bulls have to maintain support at $0.2 to keep the momentum going, that makes it the level to break for bears to trigger further downsides.

Since the market is still showing low momentum and overall weakness, then a general decline could pull the Dogecoin price lower. In the case of a break of the support at $0.2, Dogecoin could be subject to a deeper correction. Add in the uncertain macro headlines and the decline in liquidity flow into the market, then it spells doom for the meme coin if bears take over.

DOGE price recovers sharply | Source: DOGEUSDT on Tradingview.com

Featured image from Dall.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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September 8, 2025 0 comments
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Solana news
GameFi Guides

Solana Starts Community Voting Phase On Alpenglow

by admin August 29, 2025


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The most ambitious consensus overhaul foe Solana to date—SIMD-0326, nicknamed “Alpenglow”—has officially moved into the community voting window, a three-epoch process that began at the start of Epoch 840 and will conclude at the end of Epoch 842.

The proposal rewrites Solana’s core consensus, replacing Proof-of-History plus TowerBFT with a modern architecture centered on a direct-vote finality engine (“Votor”). The authors say Alpenglow significantly reduces latency (from 12.8 seconds under TowerBFT to as low as 100–150 milliseconds) while eliminating heavy vote-gossip traffic through off-chain messaging and signature aggregation.

Solana Validators Begin Deciding Future Of Alpenglow

Governance mechanics for SIMD-0326 are unusually explicit. Vote tokens are claimable by validators according to captured stake weights, using a Merkle distributor tool; tokens may be sent to “Yes,” “No,” or “Abstain” accounts. Passage requires a supermajority: the sum of Yes votes is equal to or greater than 2/3 of the total sum of Yes + No votes,” with a quorum of 33% in which abstentions count toward quorum but not toward the Yes/No denominator.

On day one of the window (Epoch 840), early snapshots show modest—but distinctly positive—participation. Multiple market data posts report turnout near 11.5%, with roughly 11.3% of stake signaling “Yes” and negligible “No.” Because the overwhelming share of stake has not yet cast ballots, this should be treated as an initial reading rather than a trend. A public tally dashboard is being maintained by Staking Facilities.

SIMD-0326 vote status | Source: Staking Facilities

Alpenglow’s design changes go beyond speed. The protocol introduces certificate-based notarization and finalization, aggregates validator votes off-chain to reduce overhead, and rebalances incentives around voting. Notably, the proposal replaces per-slot on-chain vote fees with a fixed “Validator Admission Ticket” (VAT) currently set at 1.6 SOL per epoch and burned—an economic continuity measure intended to keep cost structures comparable to today’s while votes move off-chain.

“Before each epoch, each validator must pay a fixed fee—initially set to 1.6 SOL per epoch,” the authors write, adding that the figure mirrors roughly 80% of current on-chain voting costs. Forum participants have already begun debating whether a flat VAT raises entry barriers for smaller operators, underscoring that the governance discussion is as much about economics as it is about protocol mechanics.

Timing matters for operators and tokenholders following the vote. Solana epochs are approximately two days in length, so a three-epoch voting window implies about six days from start to finish. The network entered Epoch 840 on August 27, 2025, which places the expected end of the voting window around September 2, 2025, when Epoch 842 concludes.

If the supermajority threshold is reached, Alpenglow would clear governance, with subsequent activation depending on client readiness and the standard Solana release process. For now, the focus is on turnout. With ~90% of stake yet to be tallied in the opening snapshot, every validator ballot over the coming epochs will carry outsized weight in determining whether Solana pursues ~150-millisecond finality as its next consensus horizon.

At press time, SOL traded at $215.

SOL surpasses key resistance, 1-week chart | Source: SOLUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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August 29, 2025 0 comments
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CFTC's ‘Crypto Sprint’ Launches 2nd Phase, Seeks New Input
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CFTC’s ‘Crypto Sprint’ Launches 2nd Phase, Seeks New Input

by admin August 23, 2025


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The Commodity Futures Trading Commission (CFTC) has announced the next phase of the agency’s “Crypto Sprint” initiative, which aims to examine and implement recommendations from the White House.

CFTC Launches New “Crypto Sprint” Phase

On Thursday, CFTC acting chair Caroline Pham announced that the agency would begin the next phase of its initiative to advance President Donald Trump’s vision and is seeking the public’s feedback on the recommendations in the President’s Working Group on Digital Asset Markets report.

Pham announces second phase of CFTC’s “Crypto Sprint”. Source: Caroline Pham on X

Pham highlighted that the Trump administration has “made it clear that enabling immediate trading of digital assets at the Federal level is a top priority,” adding, “The Trump Administration has ushered in a new dawn for crypto, and it’s up to market participants to seize this opportunity to be a part of the Golden Age of innovation.”

The agency has initiated stakeholder engagement and invited all interested parties to submit feedback and suggestions on all recommendations for the CFTC in the White House’s recent digital assets report by October 20, 2025.

“The public feedback will assist the CFTC in carefully considering relevant issues for leveraged, margined or financed retail trading on a CFTC-registered exchange as we implement the President’s directive,” Pham stated.

As reported by Bitcoinist, the CFTC unveiled its “Crypto Sprint” on August 1, which started with a spot crypto trading initiative. Following the Securities and Exchange Commission’s (SEC) launch of its “Project Crypto,” Pham revealed that the agency would work closely with SEC Chairman Paul Atkins and Commissioner Hester Peirce to provide regulatory clarity and foster innovation in the digital assets market.

“I am pleased with the many thoughtful letters from stakeholders in support of the CFTC’s listed spot crypto trading initiative, which, in coordination with the SEC’s Project Crypto, answers President Trump’s call to action for American leadership,” said the CFTC acting chair on Thursday.

Chaos In The Regulatory Agency?

The CFTC’s initiative comes amid rumors of chaos in the regulatory agency. On Friday, Bloomberg, citing anonymous sources, affirmed that “turmoil continues as the agency’s responsibilities, and the potential market risks, are multiplying.”

According to the report, enforcement has significantly slowed, and the commissioner’s shortage has allegedly made it difficult to carry out critical agency business. “The CFTC’s curtailment coincides with a looming expansion of the agency’s responsibilities,” Bloomberg noted, as the highly anticipated market structure bill is expected to shift most of the crypto market oversight to the CFTC.

A White House spokesperson denied that the agency is in disarray, telling the news media outlet that “President Trump has made it a priority to make America the crypto capital of the world, and in doing so has called for the revitalization of the Commodity Futures Trading Commission to play a larger role in securing this promise. Acting Chairman Caroline Pham has done a good job beginning this effort, and the Trump Administration is thankful for her leadership and dedicated public service.”

Meanwhile, the agency also remains in a leadership limbo after the US Senate Agriculture Committee delayed the vote on President Trump’s nominee for CFTC chairman, Brian Quintenz, days before the August recess.

The committee reportedly delayed the vote following a request from the White House. Notably, Tyler and Cameron Winklevoss, Gemini exchange co-founders, allegedly pressed President Trump in July to reconsider his CFTC nominee, arguing that Quintenz wouldn’t “shake up the CFTC enough” and is not “aligned with Trump’s agenda.”

Earlier this week, a group of crypto organizations sent a letter to the US President in support of Quintenz, arguing that installing a permanent chairman is “absolutely critical” to realize the agency’s goals.

“Mr. Quintenz possesses a singular capacity to advance sound and clear regulation that will foster responsible growth and innovation. He is, quite simply, the right person at the right time to lead the CFTC,” the letter concluded.

Bitcoin (BTC) trades at $115,195 in the one-week chart. Source: BTCUSDT on TradingView

Featured Image from Unsplash.com, Chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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August 23, 2025 0 comments
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GameFi Guides

CFTC Opens Next Phase of Crypto Sprint, Seeks Public Input on Broader Rules

by admin August 22, 2025



In brief

  • Acting chair Caroline Pham said Thursday the sprint expands to custody, leveraged retail trading, and consumer protections, with feedback due October 20.
  • The initiative is part of a four-phase process that began August 1, running alongside the SEC’s Project Crypto.
  • Observers told Decrypt the U.S. is shifting from enforcement to enablement, positioning itself to set global standards in digital asset markets.

The Commodity Futures Trading Commission is proceeding with the third phase of its “crypto sprint,” a series of accelerated rulemaking efforts designed to implement recommendations from the President’s Working Group on Digital Asset Markets.

“The Administration has made it clear that enabling immediate trading of digital assets at the Federal level is a top priority,” acting CFTC chair Caroline Pham wrote in a statement on Thursday.

The CFTC’s latest sprint expands beyond spot crypto trading to address all remaining recommendations from the working group’s report on strengthening American leadership in technologies such as crypto and digital assets.



The CFTC appears to be “trying to lay a regulatory bedrock by seeking to establish a unified, federal-level spot market for crypto assets,” Andrew Rossow, a public affairs attorney and CEO of AR Media Consulting, told Decrypt.

“It begins to address this state-by-state fragmentation and long-time occupancy of this grey zone,” Rossow said, adding that he thinks the moves are made as part of a “federal legitimacy strategy” to create “foundational reform.”

Still, retail investors would “most likely benefit from heightened protections,” once the “federal handcuffs” are lifted to restore trust in a space “long tarnished by poor oversight,” he added.

What’s it all about

The report seeks to provide a unified federal framework for digital asset markets, addressing gaps in market structure, custody, stablecoin regulation, and anti-money laundering standards.

Remaining sprints are expected to tackle unresolved issues around DeFi oversight, banking access, tax clarity, and inter-agency coordination.

Thursday’s announced sprint is the third in a four-part series. The first, on August 1, laid the framework. The second, on August 4, launched the spot trading initiative. 

The latest expands to broader rulemaking, while a forthcoming fourth sprint is expected to translate stakeholder feedback into formal rules and supervisory guidance.

“The U.S. is asserting control over digital dollars and setting the standards others may follow,” Ray Youssef, CEO of crypto messaging and P2P trading app NoOnes, told Decrypt. “Countries that once hesitated may be pushed to adopt similar frameworks or risk falling behind in the race to modernize finance.”

The CFTC has set an October 20 deadline for comments on the broader set of recommendations. The federal agency did not immediately respond to Decrypt’s request for comments.

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August 22, 2025 0 comments
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