The two products show how differently finance treats owning a company and trading its price: an issuer can stop its stock tokens …
Street
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In brief U.S. spot Bitcoin ETFs recorded $430.2 million in net outflows Thursday, led by Fidelity’s FBTC and BlackRock’s IBIT. BlackRock’s fund …
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Regulation
Elizabeth Warren poised to lead Senate Banking Committee and target Wall Street, crypto
by shayaanby shayaanThe committee has jurisdiction over banks and financial institutions, housing, securities, insurance and Federal Reserve oversight. Under Warren, its agenda could place …
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Finance
S&P 500 Plunges, Wall Street Fears Circuit Breaker, Just One Day After Trump Celebrated Record Highs
by shayaanby shayaanThe timing is particularly awkward for Trump, who has repeatedly pointed to stock market performance as evidence of his administration’s economic success. …
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Regulation
Wall Street rethinks AI data center boom as Texas election raises new risks
by shayaanby shayaanBut analysts don’t expect the election to bring data center construction to a standstill. The bigger concern is that projects will take …
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Markets
CFTC clears perpetual futures on stocks, bringing crypto trading model to Wall Street
by shayaanby shayaanCFTC Chair Michael Selig said the move gives U.S. traders a regulated alternative to “offshore, and often unregulated, venues.” www.coindesk.com
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Markets
ETHGas wants to bring Wall Street to public Ethereum by selling advance block reservations
by shayaanby shayaanBut there’s a catch: validators that fail to deliver on their commitments currently face no financial compensation requirement under the service. www.coindesk.com
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Regulation
Circle wants SEC to erase a costly Wall Street rule holding stablecoins back
by shayaanby shayaanCircle seeks cash treatment Circle’s letter responds to the SEC’s proposed Regulation Crypto Assets, which would establish a new framework for companies …
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Scams
Worried About Crypto Hacks? Buy Bitcoin Proxies in Stock Market Instead, Say Wall Street Firms
by shayaanby shayaanIn brief Cantor Fitzgerald, TD Cowen and Compass Point told clients in Friday notes that the $6.4 billion Binance hack—the largest ever—is …
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The ad, however, blurs some important distinctions. It warns broadly about “unregulated venues” even as the SEC’s exemption creates a pathway for …