Crypto market maker DWF Labs settled its first physical gold trade, signaling a rare move into legacy commodities amid surging bullion prices. DWF Labs, a cryptocurrency-focused market maker, has expanded into physical commodities after settling its first physical gold transaction, a rare move for a crypto-native company as precious metal prices continue to break record highs. On Monday, managing partner Andrei Grachev said DWF Labs had “just settled our first gold trade,” describing it as a test tranche involving a single 25-kilogram gold bar. Grachev said the company plans to scale the operation, with ambitions to trade physical silver, platinum and cotton. Notably, the transaction was completed using conventional bullion custody and settlement infrastructure, rather than blockchain-based rails. Read more
With the Trump administration and many pro-crypto officials taking office, 2025 saw significant changes in US crypto policy, with ripples likely extending into 2026. Many crypto industry leaders and users anticipate significant changes in the US regulatory environment over the next 12 months, as various policy changes and legislation begin to take effect. Although the inauguration of US President Donald Trump in January 2025 did not mean an immediate end to all digital asset regulation, many of the administration’s policies, from dismissing enforcement cases of crypto companies by the Securities and Exchange Commission to signing a stablecoin bill into law, signal apparent differences to previous US presidents and their chosen regulators. “I expect an increasing number of jurisdictions to establish clear and transparent regulatory frameworks for the crypto industry, which should facilitate broader participation,” Ruslan Lienkha, YouHodler’s chief of markets, said in a statement shared with Cointelegraph. “Con...
The IMF says negotiations for the sale of El Salvador's wallet are ”well advanced,” but President Nayib Bukele claimed that his government wouldn't stop buying Bitcoin. Update (Dec. 23, 10:09 pm UTC): This article has been updated to include a statement from the IMF and clarify details on the Chivo sale. The International Monetary Fund’s mission chief for El Salvador issued a statement confirming that government authorities were proceeding with negotiations for the sale of the country’s Chivo Bitcoin wallet. In a Monday statement, the IMF said El Salvador’s government was continuing to discuss its Bitcoin (BTC) project with the fund’s officials, and “negotiations for the sale of the government e-wallet Chivo are well advanced.” A spokesperson said there were separate discussions regarding Bitcoin purchases. Read more