Animoca Brands suspends Currenc deal that would have taken it public

Animoca Brands suspends Currenc deal that would have taken it public
Animoca Brands, a digital asset venture, has suspended merger talks with Nasdaq-listed Currenc Group after the companies failed to reach definitive terms on schedule. On Sept. 22, the companies said they mutually agreed to pause discussions after reviewing projected closing timelines and changing market conditions, concluding that the additional time needed to complete the transaction … Read more

XRP volume explodes to $7.4B, and a massive CME short squeeze is blamed

XRP volume explodes to $7.4B, and a massive CME short squeeze is blamed
XRP registered an intraday high of $1.60 on Sept. 22, with roughly $7.4 billion in reported volume. The move was strong, but the latest public data on regulated futures showed different positioning shifts across venues. The Commodity Futures Trading Commission’s Sept. 15 snapshot showed leveraged funds cutting their net short in CME futures by the … Read more

Why newly granted federal approval won’t save these 3 crypto banks

Why newly granted federal approval won’t save these 3 crypto banks
The Office of the Comptroller of the Currency advanced three stablecoin-focused firms toward federal trust-bank status on Sept. 18, using a recognizable regulatory perimeter across the decisions for Agora, Catena and Bastion. The decisions strengthen the case that the OCC is building a repeatable pathway for narrow, uninsured trust banks. That pathway still carries execution … Read more

Narrowing price cushions leave Bitcoin loans vulnerable to 4.7% price dips as Aave weighs higher leverage

Narrowing price cushions leave Bitcoin loans vulnerable to 4.7% price dips as Aave weighs higher leverage
Aave governance has advanced a proposal that would give Bitcoin-backed borrowers materially more leverage while leaving less room before liquidation. The proposal from risk service provider LlamaRisk would let users on Aave V3 Ethereum Core borrow as much as $0.81 against each $1 of WBTC or cbBTC collateral, up from $0.73. The liquidation threshold would … Read more

Coinbase targets stock futures but CFTC standstill blocks launch

Coinbase targets stock futures but CFTC standstill blocks launch
Coinbase Derivatives has filed a proposed framework for perpetual futures tied to individual US stocks and exchange-traded funds, but the contracts remain subject to regulatory approval. The Securities and Exchange Commission notice, published Sept. 18, says Coinbase submitted the proposed rule change to the Commodity Futures Trading Commission and that the CFTC had not approved … Read more

Moscow Exchange launches 5 crypto perpetual futures as demand tops 600 billion rubles

Moscow Exchange launches 5 crypto perpetual futures as demand tops 600 billion rubles
Moscow Exchange will launch perpetual futures tied to five major cryptocurrencies on Sept. 22, giving qualified investors continuous price exposure to Bitcoin, Ethereum, Solana, XRP, and Tron without requiring them to own the underlying assets. The new contracts are BTCUSDF, ETHUSDF, SOLUSDF, XRPUSDF, and TRXUSDF. Each tracks a corresponding MOEX crypto index and automatically rolls over … Read more