The American Perpetuals Exchange Corporation (APEC), a new trading venue founded by Theodore Gillibrand, son of Senator Kirsten Gillibrand, has secured $30 million in funding at a $300 million valuation. The startup aims to operate under the joint oversight of…
Fidelity Investments has introduced a new government money market fund specifically structured to cater to the needs of stablecoin issuers. This initiative marks a significant development in the integration of traditional financial instruments with the burgeoning digital asset ecosystem. The…
Lawmakers Propose Restrictions on Prediction Market Participation A new legislative proposal in the U.S. House of Representatives seeks to prohibit elected officials and their immediate families from engaging in prediction market activities tied to specific government actions or political outcomes.…
Shares of several bitcoin mining companies with significant operations in Texas have seen an increase following the approval of a new framework by state regulators for connecting large electricity consumers to the power grid. This development is particularly beneficial as…
The Commodity Futures Trading Commission (CFTC) has finalized its legal action against Alexander Mashinsky, the former CEO of Celsius, who is currently serving a 12-year prison sentence. The Southern District of New York’s federal court has entered a consent order…
Theodore Gillibrand, son of U.S. Senator Kirsten Gillibrand, has secured $30 million in funding for a new derivatives trading platform focused on perpetual futures, or “perps.” The startup, American Perpetuals Exchange Corporation (APEC), aims to operate under the joint oversight…
CME Group Initiates Legal Action Against CFTC Over Perpetual Futures Regulation The CME Group, a prominent global derivatives marketplace, has filed a lawsuit against the Commodity Futures Trading Commission (CFTC) in the U.S. District Court for the District of Columbia.…
The Commodity Futures Trading Commission (CFTC) has finalized its legal action against Alexander Mashinsky, the former CEO of Celsius. This development marks a significant regulatory conclusion for the now-bankrupt crypto lender and its leadership. The settlement, formalized by a consent…
The Federal Reserve has issued a proposed rule requiring entities that issue stablecoins to establish and maintain a customer identification program. This initiative is part of the broader effort to implement the Guiding and Establishing National Innovation for U.S. Stablecoins…
Hyperliquid’s trajectory beyond its current function as a decentralized exchange is underestimated by investors, according to Hyunsu Jung, CEO of Hyperion DeFi. Jung articulated that the platform is evolving into a comprehensive blockchain ecosystem, a development that he believes will…