CFTC, SEC seek input to redefine 'swaps' as CME sues
The joint rulemaking lands days after CME sued the CFTC over its approval of Kalshi's perpetual futures — meaning the comment period will shape the very product line the lawsuit targets.
Bitcoin (BTC) is the first decentralized cryptocurrency, introduced in 2009 by an individual or group operating under the pseudonym Satoshi Nakamoto. It runs on its own blockchain, the Bitcoin network, secured through a Proof of Work consensus mechanism in which miners use computing power to validate transactions and produce new blocks roughly every ten minutes. The protocol defines a hard cap of 21 million coins, and the block reward given to miners is automatically halved approximately every four years, embedding a predictable, disinflationary issuance schedule into the network. This scarcity, combined with permissionless access and resistance to censorship, has led many to characterize Bitcoin as a form of digital gold or a store of value distinct from traditional fiat currencies. Beyond peer-to-peer transfers, the Bitcoin ecosystem has expanded to include Ordinals, a method of inscribing data onto individual satoshis that enables NFT-like assets directly on the base layer, and BRC-20, an experimental fungible token standard built on those inscriptions. Emerging Bitcoin Finance (BTCFi) initiatives extend these capabilities further, allowing BTC to be used in staking, lending, and cross-chain security applications, positioning Bitcoin as a foundation for a broader decentralized financial ecosystem.
The joint rulemaking lands days after CME sued the CFTC over its approval of Kalshi's perpetual futures — meaning the comment period will shape the very product line the lawsuit targets.
At $78,000 to produce a single coin against a $62,500 market price, roughly a fifth of miners are now unprofitable — and publicly traded miners offloaded 32,000 BTC in Q1 alone to cover costs.
Deribit flow into out-of-the-money puts hit strikes from $61,500 to $52,000 over a 48-hour window — a hedge trade that also reads as a directional bet while a hawkish Fed, persistent ETF outflows and…
The chart floor at $59K–$60K is now the level that matters; a break opens the door to the $45K target some traders are already calling, while the altseason thesis quietly falls apart.
The $80 billion supplemental request would sit on top of the FY2026 base budget, and a no-pass scenario forces the Pentagon into fresh stopgap funding — the third continuing-resolution cycle in two…
The setup the consensus is ignoring — Grayscale's framing of the Clarity Act, Morgan Stanley's spot ETH and SOL ETF amendments, and a macro stack (PMI, copper/gold, Russell 2000) quietly aligning the…
The fee beats Grayscale's 0.15% Mini ETH Trust and Franklin Templeton's 0.19% SOEZ, and the staking-enabled structure — with Figment, Galaxy, and Coinbase Canada as providers — mirrors the playbook…
Above $100, the instrument funds bitcoin buys; below it, the ATM goes quiet and the company defends the dividend instead — a structural signal on the cost of leverage in the Strategy flywheel.
The shift from ~44% in 2023 to ~80% today is being driven by OP_RETURN-based protocols like Runes and Ordinals, not by larger value transfers — and the mempool is already showing it.
ERCOT's new "Batch Zero" process tackles a 438,000 MW connection queue — and a handful of Texas-campused miners are already positioned to absorb the wave, with stock moves and signed hyperscaler…
A $300M-valuation startup pitching joint CFTC-SEC oversight for single-name equity perps arrives just as the agencies are harmonizing their rules and CME is suing over the very approvals that would…
The $2B-a-month Base-native venue is using the offshore perp trajectory as its strategic compass — a fragmented market of coexisting venues arbitraged by the same pro desks, not a winner-take-all…
The hawkish dot plot grabbed the headlines; the substance was two quiet signals — AI productivity as a disinflation force and a trimmed-mean inflation rebuild — that point to a structurally looser…
The shorter statement, absent dot-plot additions, and a rising 2-year yield together tell the real story: the Fed isn't telegraphing cuts anymore, and the bond market is already doing the Fed's job…
The Fed rate call — not the headline number — is the structural trigger: macro repriced risk assets, leveraged longs were flushed, and the Fear & Greed Index slid to 15, signalling capitulation…
The unanimous hold masked a hawkish dot-plot: nearly half the FOMC now sees a hike as possible before year-end, just as a US-Iran deal pulls oil back toward $76 and pulls CPI expectations with it.
The payoff cleaned up the capital stack but cut preferred-stock dividend runway by two-thirds — and a debt-free competitor paying daily dividends now sits next door as the cleaner trade.
Spot trades at a 15% discount to Glassnode's True Market Mean, short-term holders remain 10% underwater, and realized losses still dominate — yet order-book depth, negative gamma around $68K, and…
The 0.2% Digital Asset Tax Act takes effect January 2027 and targets crypto brokers in a way no other state taxes stocks or bonds — industry lawyers say it will trigger geoblocking and capital flight.
Katana CEO Matt Fisher argues the next phase of DeFi lending isn't about pulling users on-chain — it's about making the protocol layer invisible inside cards, apps, and exchanges that already own the…
Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto.
Bitcoin (BTC) launched on 2009-01-03.
Bitcoin (BTC) is categorised as: Smart Contract Platform, Layer 1 (L1), FTX Holdings.
The official Bitcoin site is http://www.bitcoin.org.
Most recent Bitcoin coverage: "CFTC, SEC seek input to redefine 'swaps' as CME sues" — read at /en-US/a/cftc-sec-seek-input-to-redefine-swaps-as-cme-sues.