“`html President Donald Trump has appointed Michael Selig, the chief legal advisor for the Securities and Exchange Commission’s cryptocurrency task force, to lead the Commodity Futures Trading Commission (CFTC). Selig’s nomination, initially reported by Bloomberg, represents Trump’s second effort to occupy the CFTC’s highest position, succeeding the stalled nomination of Brian Quintenz, a global policy head at a16z crypto, amid resistance from Gemini co-founder Tyler Winklevoss. Selig, who acts as an advisor to SEC Chairman Paul Atkins, has played a pivotal role in orchestrating regulatory strategies between the SEC and CFTC concerning financial and cryptocurrency market oversight. The CFTC, which…
Autore: wsjcrypto
Philippine President Ferdinand R. Marcos Jr. will engage with his cabinet on Saturday regarding the potential release of their Statements of Assets, Liabilities, and Net Worth (SALNs), as reported by Malacañang on Friday. Presidential Communications Undersecretary Claire A. Castro verified this amid the recent voluntary announcements of SALNs by several legislators, including Risa Hontiveros, Robin Padilla, Tito Sotto from the Senate, and Kiko Barzaga from the lower chamber. When inquired whether the President would take a similar action, “Tignan po natin kung ano po ang nararapat [Let’s see what’s appropriate],” Ms. Castro responded during the palace briefing. The President previously…
“`html Trusted Editorial material, evaluated by prominent industry specialists and experienced editors. Ad Disclosure XRP options contracts have reached an extraordinary milestone, exceeding $26 billion in notional volume in under six months since their introduction. This exceptional growth signifies a pivotal moment for the altcoin’s rapid adoption and increasing importance in institutional-grade crypto trading. The accomplishment also underscores the substantial demand for the altcoin in the derivatives sector. XRP Options Contracts Experience Explosive Expansion Market analyst Bill Morgan took to X social media on Thursday to declare that XRP futures and options have demonstrated outstanding performance since their inception in…
“`html Chancellor Rachel Reeves is contemplating breaking one of Labour’s principal election commitments by increasing income tax in next month’s budget to address a £30 billion fiscal deficit, as per senior government insiders. Three individuals close to the budget discussions informed The Guardian that negotiations between the Treasury and No 10 have intensified in recent weeks, with officials assessing how to achieve a sustainable revenue increase without resorting to further tax hikes later in the parliament. While no definitive choice has been made, advisers believe that elevating income tax might be the sole method to gather sufficient funds to restore…
“`html The cryptocurrency market continues to closely monitor the Ethereum value as the year draws near its concluding months. Analyst Bobby A expressed his personal perspective on how he envisions Ethereum performing in the last quarter. He indicated that his projection is merely a general guide, not a definitive timeline, and suggested that individuals should interpret it lightly. Nevertheless, his post provides an intriguing insight into how the market could transition from uncertainty to stability before the year concludes. Bobby A Provides His Forecast For The Ethereum Price In The Final Quarter In his recent post on X, Bobby A…
“`html Polymarket gamblers have now predicted a 12% likelihood that former FTX head Sam Bankman-Fried will receive a pardon this year, following Binance CEO Changpeng “CZ” Zhao being exempted from penalties this week. Polymarket probabilities for “Who will Trump pardon in 2025” witnessed SBF’s chances increase from 5.6% to 12% within 12 hours, with over $6.5 million in wagers placed in that market, including $302,090 for the convicted crypto swindler.Another market regarding whether SBF will be “Released from custody in 2025” climbed from 4.3% to 19.1% before retracting to 15.5%. While SBF has submitted an appeal to lessen his 25-year sentence,…
“`html The US energy secretary has urged the Federal Energy Regulatory Commission (FERC) to establish new regulations allowing major electricity users, such as AI data centers and Bitcoin mining facilities, to connect directly and swiftly to the power grid.In a letter published on Thursday, US Energy Secretary Chris Wright requested that FERC, the autonomous body overseeing the interstate electricity grid, conduct expedited assessments and develop standardized protocols for substantial electricity consumers to link directly to the high-voltage transmission network, rather than merely relying on local power lines.The high-voltage transmission network possesses a greater capacity compared to local lines and is…
“`html By Katherine K. Chan THE Philippines’ budget shortfall declined in September, the Bureau of the Treasury (BTr) announced on Thursday, as investigations into flood control schemes restrained government expenditures. The financial gap decreased by 9.22% year on year to P248.1 billion, while month on month, it almost tripled from August’s P84.8-billion deficit. Overall government expenditure fell 7.53% to P529.8 billion compared to the previous year, reflecting a slowdown in project execution. Core expenses — total outlay excluding interest payments — decreased by 10.22% to P448.1 billion, whereas interest payments increased by 10.63% to P81.7 billion. Revenue collection also declined,…
“`html In my pursuit to discover the finest option for Cake Wallet to provide user-friendly, non-custodial Lightning to our clients, I’ve delved deeply into both Spark and Ark. Both represent innovative strategies to Bitcoin layer two networks, fundamentally designed to be compatible with the larger Bitcoin network for transactions via the Lightning Network. While both can be utilized “simply” for Lightning transactions, both frameworks are poised for swift growth and broader applications in the months and years ahead. One aspect to remember is that while Spark and Ark may appear quite alike at first glance, in actual use and execution,…
“`html Initiating a trading account is the initial phase of engaging in global financial markets. It enables individuals to access a variety of instruments, ranging from equities and commodities to currencies and indices. The procedure may appear complex at first, but with a systematic method, anyone can establish a secure and operational trading account in a matter of minutes. As per SOHO International professionals, the setup procedure guarantees clients a secure and transparent access point into the trading sphere. Every step, from registration to verification, is crafted to validate identity, safeguard data, and define the account type that aligns with…