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Crypto

U.S. CFTC chair says no repeat of FTX-like collapse as exchange rules accelerate

The U.S. Commodity Futures Trading Commission is moving to create a new regulatory framework for cryptocurrency exchanges and says it aims to prevent a repeat of a major collapse like FTX. Commissioner Michael S. Selig said exchanges would be given a path to register with the CFTC to protect digital asset spot markets. The agency has also begun seeking public comment on proposed rules covering platforms offering leveraged or margined crypto trading.

Crypto

U.S. government moves seized cryptocurrency worth about $565.9 million to Coinbase Prime

The U.S. government moved about $565.87 million worth of seized cryptocurrency to Coinbase Prime within hours, blockchain outlet U.Today reported. The transfer included bitcoin and tether. Some of the assets were classified as seized holdings linked to the Bitfinex hack case and to FTX and Alameda Research. Onchain Lens tracked a latest transfer of 94.15 million USDT and said authorities have not disclosed the purpose of the transactions.

Crypto

Charles Hoskinson renews call for Gemini to list ADA

Cardano founder Charles Hoskinson renewed his call for cryptocurrency exchange Gemini to list ADA. U.Today reported that he left a brief comment, \'List ADA\', on an X post by Gemini co-founder Tyler Winklevoss marking the exchange\'s 11th anniversary. Gemini supports several major proof-of-stake tokens, but not ADA. Hoskinson has repeatedly criticised the absence of ADA and has claimed Gemini missed revenue opportunities by not offering it.