Author: Benjamin Lee
The Commodity Futures Trading Commission is rolling out a pilot program that clears the way for certain digital assets including Bitcoin (BTC), Ethereum (ETH) and USD Coin (USDC) to be used as collateral in US derivatives markets. CFTC Acting Chair Caroline D. Pham says the initiative reflects growing adoption of digital assets inside regulated financial systems while keeping what she called “appropriate guardrails” in place. “Under my leadership this year, the CFTC has led the way forward into America’s Golden Age of Innovation and Crypto. This imperative has never been more important given recent customer losses on non-U.S. crypto exchanges. Americans…
A major US bank is the first in the nation to let customers buy, hold and sell bitcoin directly through its platform. PNC Bank says it’s launched the new feature for eligible PNC Private Bank clients, using Coinbase’s Crypto-as-a-Service infrastructure. This move lets high-net-worth clients trade spot bitcoin without separate exchange accounts. They access it via PNC’s Portfolio View in the online banking system. PNC aims to simplify crypto participation in a secure environment. The partnership, announced in July 2025, combines PNC’s banking expertise with Coinbase’s trading, custody, and financing tools. Clients gain oversight of all assets in one place. “As…
The crypto giant Circle has reportedly partnered with the layer-1 privacy blockchain Aleo to launch a new stablecoin that can address privacy concerns among businesses and private individuals. The private version of the dollar-pegged stablecoin USDC aims to obscure transaction histories, reports Fortune, citing information from Aleo co-founder Howard Wu. Says Wu, “People don’t want to reveal their business revenues. They don’t want to reveal business intelligence. But the way that transparent blockchains work today unfortunately means that every time you transact, you are leaking that data.” Wu says the stablecoin called USDCx won’t be truly private. Public users who…
Coinbase Institutional says a rough November may have created a strong setup heading into the end of the year. The firm says open interest across Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) perpetual futures has fallen 16% month over month. In addition, US spot Bitcoin ETFs (exchange-traded funds) saw $3.5 billion in outflows and spot Ethereum ETFs recorded $1.4 billion in redemptions, reflecting broad risk reduction. Meanwhile, Bitcoin perpetual funding rates also dropped two standard deviations below their 90-day average before stabilizing. “A rocky November may have set the stage for a December to remember… So…why the cautious optimism? Because speculative…
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PLUME hit an all-time low of $0.035, which had the token down 85% from its March peak of $0.247. Losses came amid sustained bearish pressure, with a 26% single-day crash erasing millions off its market cap. Plume Network saw a total of over $440,000 in futures liquidations, most of it longs. As markets bled, Plume Network’s price dropped sharply to hit an all-time low of $0.035 and rank among the top losers in the past 24 hours across crypto. PLUME, the native token of the blockchain platform dedicated to bridging traditional finance with decentralized ecosystems, plummeted as Bitcoin flipped red.…