In a major shift, the U.S. SEC has rolled back several proposals introduced during Gary Gensler’s tenure. Among the withdrawn rules are the controversial expanded Custody Rule, the DeFi-targeted Rule 3b-16, and stricter ESG reporting mandates. These changes signal a softer regulatory stance as pressure mounts for clearer, more balanced crypto oversight. The move has been welcomed by many in the digital asset space, viewing it as a step toward more practical and innovation-friendly regulation.
The post SEC Withdraws Gensler-Era Crypto and ESG Proposals appeared first on Coinpedia Fintech News
In a major shift, the U.S. SEC has rolled back several proposals introduced during Gary Gensler’s tenure. Among the withdrawn rules are the controversial expanded Custody Rule, the DeFi-targeted Rule 3b-16, and stricter ESG reporting mandates. These changes signal a softer regulatory stance as pressure mounts for clearer, more balanced crypto oversight. The move has …
On Thursday, the Philippines enacted stricter crypto rules under the new SEC Memorandum Circulars Nos 4 and 5, mandating a CASP license with a capital requirement and reporting of AML. Experts say this new framework in the Philippines lays the groundwork for broader crypto adoption in the country.
Key Components of the New SEC Crypto Regulation
No License- No Business
All crypto asset service providers in the Philippines are now required to obtain a CASP license and adhere to strict disclosure requirements.
The disclosure includes information on asset ownership, risks, and operations; crypto companies are required to submit these documents at least 30 days before beginning marketing.
Investment requirement policy
SEC is ensuring that only eligible firms enter the market, so it has set a minimum paid capital requirement of PHP 100 million. However, the SEC has also provided a mechanism for smaller companies to apply.
Physical office
SEC has stated that crypto companies seeking to provide services are required to have a physical office in the Philippines and pay an initial PHP 50,000 filing fee. An additional annual supervision fee on revenue will be levied by the officials.
Consumer Protection
The SEC and the Anti-Money Laundering (AML) council will monitor the CASP. They will ensure security, professionalism, KYC policy, and fair access for investors.
The bill was initially issued on May 30th and later took effect on June 12. It states that if a token/ crypto behaves like a financial product or security under federal law of the country, it is subject to SEC regulation.
Therefore, the SEC holds the authority to suspend or revoke the CASP license for noncompliance. Guilty CASP will face a fine of up to PHP 100 million and imprisonment for up to five years.
Challenges in Implementing The New Crypto Regulations
Luis Buenaventura, head of crypto finance at super-app GCash, said there will be substantial challenges implementing the new CASP rules.
“Regulation is rarely perfect on day one, but as long as the regulatory authority takes a progressive approach and stays open to refining the framework over time, then I think this signals the Philippines,” said Nathan Marasign, Partner at MLaw Office.
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The post Philippines SEC Unveils New Crypto Regulation appeared first on Coinpedia Fintech News
On Thursday, the Philippines enacted stricter crypto rules under the new SEC Memorandum Circulars Nos 4 and 5, mandating a CASP license with a capital requirement and reporting of AML. Experts say this new framework in the Philippines lays the groundwork for broader crypto adoption in the country. Key Components of the New SEC Crypto …
Crypto options expiry this week concerns over $3.5 billion in notional value. The high volume of expiring options isexpected to create short-term volatility in the market.
These expiring options coincide with rising global uncertainty amid geopolitical tensions, so traders and investors should prepare for the impact.
Crypto Markets to See $3.5 Billion in Bitcoin, Ethereum Options Expire
With over $3.5 billion worth of Bitcoin and Ethereum options expiring today, data on Deribit shows BTC contracts account for most of it. Today, 27,959 Bitcoin option contracts will expire, sending up to $2.9 billion in notional value down the drain.
The maximum pain level is $106,500, slightly above Bitcoin’s price as of press time. Option traders will experience the most losses at this level.
Meanwhile, these expiring Bitcoin contracts have a put-to-call ratio of 0.91, highlighting the prevalence of Call (purchase) options rather than Put (sale) options. This means traders are leaning bullish rather than bearish.
At the same time, 246,849 Ethereum contracts will expire today, accounting for $617.6 million in notional value.
According to data on Deribit, these expiring options have a put-to-call ratio of 1.14. The maximum pain level or strike price is $2,650. Notably, Ethereum’s put-to-call ratio is above 1, showing a prevalence of Put (sale) options rather than Call (purchase) options.
Ethereum’s put and call options distribution suggests a market tilt toward protecting against ETH price drops, based on the higher put-call ratio of 1.14.
According to the Max Pain theory in crypto options trading, as options near their expiration, the underlying asset’s price tends to gravitate toward the strike price. Here, the greatest number of options (calls and puts) would expire worthless, causing maximum financial loss (or “pain”) to option holders.
This theory hinges on the assumption that market makers or large institutional players (smart money), often on the other side of options trades, may influence the underlying asset’s price through trading or hedging activities. Their actions push prices toward the max pain points.
It happens as market makers profit when options expire worthless, as they collect the premiums without paying out.
Ethereum Upside Flows Are Strong Heading Into Expiry
Greeks.live analysts highlight bearish dominance, as seen with multiple traders shifting to buy puts for protection. Deribit notes that ETH upside flows are heading into expiry.
“ETH upside flows are strong heading into expiry. Will traders keep chasing it after Friday, or is this where it cools off?” Deribit posed.
This contrasts with Ethereum’s max pain point, indicating potential volatility given that option expiries often trigger price swings as traders adjust positions. This is especially true when flows defy max pain expectations.
“The group appears divided on market direction, with bears dominating the conversation as multiple traders have shifted to buying puts for protection,” analysts at Greeks.live wrote, highlighting market sentiment.
Analysts at Greeks.live attempt to explain the Put protection strategy, which is displayed among traders who are hedging for downside risk.
According to the analysts, traders are buying put spreads and protective puts, positioning themselves strategically after months of bullish sentiment.
High volatility environment is creating attractive opportunities for put protection, with traders anticipating two standard deviation events and significant price wicks from unexpected news catalysts,” they added.
Hamster Kombat (HMSTR) is going through a rough patch after losing 17% in under 24 hours. Several factors are contributing to the HMSTR price crash, including massive whale sell-offs and waning enthusiasm for the project. Hamster Kombat Loses 17% in a Single Day The Telegram-based Tap-to-Earn project Hamster Kombat has seen HMSTR tumble by over
In the latest development in the XRP lawsuit, Ripple and the SEC have again filed a joint motion before the court, seeking an indicative ruling that would validate the settlement agreement. The parties have again asked that the judge remove the injunction and order the release of the monetary judgment. Ripple and SEC File New
U.S.-based crypto exchange Coinbase has announced plans to launch crypto perpetual futures for American traders. The exchange stated that the product will comply with CFTC regulations, as perpetual futures grow in popularity. Coinbase Plans Crypto Perpetual Futures For US Traders Coinbase has made several announcements recently, the latest being its proposal to introduce crypto perpetual
Crypto market crashed soon after Israel launched a major military attack on Iran in early Asian hours of Friday, with liquidations soaring to more than $1.1 billion. The global markets quickly turned to a risk-off sentiment, with Gold and oil prices surging. As another major geopolitical conflict escalates, markets are likely to see greater volatility
XRP lawyer Bill Morgan anticipates that Judge Analisa Torres will likely approve the joint motion filed by Ripple and the SEC in the XRP lawsuit. Despite some reservations about the motion’s content, Morgan expressed that he believes the judge will grant it nonetheless, potentially leading to a resolution in the Ripple vs SEC case. Will
The crypto market is in the red today, with the global market cap slipping by 4.32% to $3.25 trillion. Most cryptocurrencies, including Bitcoin, Ethereum, XRP, and Solana, are seeing sharp losses. Bitcoin is trading below $104,000 at the time of writing. There is support near $101,000 to $102,000.
Ethereum (ETH) has dropped over 9% in the past 24 hours, falling to around $2,501. XRP has also taken a hit, slipping by more than 5% to trade at $2.11. Popular altcoins like Solana (SOL) and Dogecoin (DOGE) aren’t spared either — SOL is down over 10% while DOGE has fallen by nearly 9%. Even large-cap tokens like BNB and Cardano (ADA) have lost ground, dropping 2.89% and 8.6% respectively.
Geopolitical Tensions Shake Markets
The biggest reason for today’s crypto sell-off is a sudden escalation in Middle East tensions. Israel reportedly launched an airstrike on Iran’s nuclear facilities on June 13 and this geopolitical shock spooked global investors, sending them rushing toward safer assets like gold, which jumped 5%.
Historically, whenever there’s unrest in the Middle East, risky assets like cryptocurrencies tend to fall. Bitcoin alone dropped by nearly 4% intraday, a move similar to what happened during the U.S.-Iran conflict in 2020.
Macro and Regulatory Pressure
U.S. Treasury Secretary Janet Yellen recently warned that Donald Trump’s proposed tariffs could push U.S. inflation up to 3%. This could lead the Federal Reserve to keep interest rates higher for longer — bad news for risk assets like crypto.
Coinbase’s recent launch of CFTC-compliant perpetual futures contracts has pulled short-term liquidity away from spot markets, adding to the downward pressure.
The next big event for the markets is the upcoming interest rate decision, due in a few days. Right now, there’s a 99% chance rates will stay the same. The market’s hoping Fed Chair Jerome Powell will sound more confident about future economic stability, hinting at rate cuts later. If not, and if the Fed sticks to its “wait and see” stance, markets might stay weak for now.
The post Why is The Crypto Market Going Down Today? appeared first on Coinpedia Fintech News
The crypto market is in the red today, with the global market cap slipping by 4.32% to $3.25 trillion. Most cryptocurrencies, including Bitcoin, Ethereum, XRP, and Solana, are seeing sharp losses. Bitcoin is trading below $104,000 at the time of writing. There is support near $101,000 to $102,000. Ethereum (ETH) has dropped over 9% in …
Donald Trump has reignited his battle with Federal Reserve Chair Jerome Powell, calling him a “numbskull” and criticizing the Fed for delaying interest rate cuts. Though he says Powell’s job is safe for now, Trump hinted that he may “force something” if rates don’t drop soon. The pressure comes as the 2024 campaign heats up and Trump pushes for a more aggressive economic stance.
“Too High, Too Slow — Cut It Now!”
Trump Rips Fed Chief Powell: “We’re Bleeding Billions While This Fool Sits There Saying ‘No Reason to Cut Rates’ — I Told Him Myself, If Inflation Comes, Hike It! But Right Now? We Need to Slash Rates Fast or Watch America Sink!”#NYIpic.twitter.com/eZCe33KhGG
Speaking at a White House event, Trump claimed that cutting interest rates by just one percentage point could save the US $300 billion annually, while a two-point cut could double those savings. He blames Powell for being too slow to act, saying the Fed is making it harder to manage the country’s rising debt and borrowing costs.
The president has been saying this for a while, but it’s even more clear: the refusal by the Fed to cut rates is monetary malpractice. https://t.co/HqUjWxwcHs
This isn’t the first time Trump’s administration has gone after Powell in recent days. Commerce Secretary Howard Lutnick and Vice President JD Vance have also attacked the Fed’s stance, calling it “monetary malpractice.” They argue that Powell’s reluctance to cut rates is hurting the economy, especially when inflation is easing and energy prices are dropping.
Trump has pointed to Europe, where ten rate cuts have already taken place, as an example of how central banks should respond when inflation cools. He believes the US is falling behind and losing economic momentum.
Even though Trump has the constitutional power to remove Powell, doing so could rattle markets. Legal experts say the move would damage the Fed’s credibility and likely cause long-term interest rates to spike. Trump appears to be aware of this, which is why he hasn’t acted yet.
Harvard legal scholars also note that the laws protecting Powell’s position have been slowly weakening in recent years. But despite the legal gray area, the real threat might come from how markets would react. Removing Powell could undermine investor confidence and hurt Trump’s broader economic goals.
With energy prices falling and inflation data remaining stable, Trump’s calls for rate cuts may intensify. But whether the Fed listens or whether Trump acts on his threats remains to be seen.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
The post Jerome Powell To be Fired? Donald Trump Warns ‘Fed Rate Cut NOW’ appeared first on Coinpedia Fintech News
Donald Trump has reignited his battle with Federal Reserve Chair Jerome Powell, calling him a “numbskull” and criticizing the Fed for delaying interest rate cuts. Though he says Powell’s job is safe for now, Trump hinted that he may “force something” if rates don’t drop soon. The pressure comes as the 2024 campaign heats up …
