Representative Stephen Lynch voiced concerns about the direction of the SEC under Donald Trump, citing dropped investigations and enforcement actions on crypto companies. Opposing viewpoints on how regulators keep pace with technology were on view as a US House panel on Thursday examined different approaches to digital asset regulation at the Securities and Exchange Commission (SEC). One viewpoint evident at the hearing of the House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence, was voiced by ranking member and Massachusetts Representative Stephen Lynch who said he “wholly embraced” the idea that innovative technology could be used for “tremendous good,” but expressed concern with “recent regulatory developments” in the United States. “Under the Trump administration [...] the SEC has dismantled several of the teams that are responsible for managing the incidents of scams and frauds, the White House has dismantled FinHub, which is the dedicate...
Bitcoin’s total supply in profit metric fell below 50% in February, a threshold linked to previous BTC accumulation phases. Does data predict a similar outcome? The total Bitcoin (BTC) supply in profit stands at 60.6% on Thursday, continuing to move within a range historically associated with market cycle resets. The metric previously dropped to 50.8% on Feb. 5, its lowest level since January 2, 2023, leaving a large share of holders at breakeven or at a loss. Similar conditions in the past cycles have preceded strong upside moves. In January 2023, BTC traded at $16,682 when profitability levels were comparable at 51%, before rallying 655% to $126,000 in 2025. A similar setup occurred in March 2020, when the total supply in profit fell below 50% as BTC traded at $6,500, ahead of a move to $69,000 in 2021. Read more
Tokenized stocks could shift trading beyond US exchanges, raising the risk of price gaps and fragmented markets, according to TD Securities. Nasdaq’s push to bring tokenization into capital markets could lead to a dual-market structure in which traditional US exchanges operate alongside blockchain-based trading venues, according to TD Securities — a shift that could split trading activity and lead to price differences across platforms. In a recent note, Reid Noch, vice president of US equity market structure at TD Securities, pointed to plans by Nasdaq and the New York Stock Exchange to introduce tokenization into alternative trading systems (ATS), a type of venue that matches buyers and sellers outside traditional exchanges. While both exchanges are exploring tokenization, Noch said Nasdaq is pursuing three parallel initiatives: upgrading how trades are settled after execution, enabling companies to issue tokenized shares and supporting trading on offshore platforms such as Kraken. Read more
Bitcoin advocate Jack Mallers' Twenty One Capital holds 43,514 BTC in its corporate treasury, now second only to Strategy's 762,099 BTC accumulation. Jack Mallers’ Twenty One Capital is now the second-largest publicly traded Bitcoin treasury by BTC holdings, after miner MARA sold off a portion of its holdings and fell to the number three spot. The newly formed Bitcoin (BTC) treasury company holds 43,514 BTC in its corporate treasury, valued at over $2.9 billion using the market price at the time of this writing, according to data from BitcoinTreasuries. Twenty One Capital was publicly listed late last year following its business combination with Cantor Equity Partners, a special purpose acquisition company. Now trading under the ticker XXI, the NYSE-listed shares are down more than 25% year to date. Read more
Bitcoin mass adoption by institutional investors has resumed, but global instability and the risk of rising US inflation put a lid on BTC’s breakouts above $70,000. Bitcoin’s (BTC) consolidation continued into Thursday as bulls struggled to keep hold of $70,000, and competing narratives on BTC’s market structure versus its increasing institutional adoption clashed with the bearish overarching factors negatively impacting US equity markets. Citing Bernstein’s $150,000 by the end of 2026 price estimate, Bloomberg analysts said that data shows institutional investors returning to the Bitcoin markets in droves, reinforcing the view that BTC had “reached a floor.” In early March, a week-long stretch of inflows to the spot Bitcoin ETFs nearly topped $1 billion, while Strategy purchased 22,237 BTC for $1.6 billion through its new perpetual preferred equity, Stretch (STRC). In addition to the success of STRC, Strategy also unveiled plans to raise capital to buy $44.1 billion in additional Bitcoin. Read more
The crypto exchange has previously been in the crosshairs of Japanese regulators for offering products and services without the proper registration. Japan’s watchdog overseeing many activities for cryptocurrency exchanges, has issued warning letters to companies including KuCoin for conducting certain operations without registering, according to a Thursday update from the Financial Services Agency (FSA). According to the agency’s latest list of entities “conducting financial instruments business without registration,” the FSA said platforms KuCoin, NeonFX, theoption, and GTCFX received a March notice for “soliciting over-the-counter (OTC) derivatives trading via the internet.” Of the four platforms, the FSA listed KuCoin, which is headquartered in the Seychelles, as offering services to Japanese residents, while the others have an international user base. The FSA issued a similar warning to KuCoin and other exchanges, including Bybit, in November 2024 for offering products and services to Japanese residents w...