Thailand’s SEC is seeking feedback on rule changes that would let digital asset firms offer derivatives within existing entities, lowering barriers to market entry. Thailand’s Securities and Exchange Commission (SEC) is seeking public comment on proposed rule changes that would allow licensed digital asset businesses to apply directly for derivatives licenses, removing the requirement to establish separate entities. The proposed revisions would build on earlier changes recognizing digital assets as eligible underlying assets for futures contracts, expanding the scope of Thailand’s derivatives market while introducing additional requirements to manage conflicts of interest and strengthen oversight. The proposal could lower barriers for crypto companies to enter the derivatives market by allowing them to apply for licenses within existing entities, rather than establishing separate companies, while bringing those activities under tighter regulatory oversight. Read more
The crypto exchange advocated for two key changes to US tax law affecting crypto users to “eliminate millions of unnecessary forms.” Cryptocurrency exchange Kraken called for a change in US tax policy after reporting millions of cases of transactions “worth less than $1” as part of its reporting requirements for 2025. In a Wednesday blog post, Kraken said it issued more than 56 million tax forms — 1099-DAs — to the US Internal Revenue Service (IRS) in 2025 as now required by law. However, the exchange said that about 18.5 million of those forms were for transactions under $1, with about 28 million for $10 or less and 75% under $50. In an effort to “eliminate millions of unnecessary forms,” the exchange called for a de minimis exemption for taxes to exclude “small, routine digital asset payments from capital gains reporting.” It similarly advocated for an end to “phantom” income derived from staking cryptocurrencies, requiring holders to “owe taxes on value they have not realized” by not selling their staking ...
The prediction platform will use Pyth’s pricing data to settle trades on its new commodities markets, as it expands into assets like oil, gold and crops. Oracle network Pyth Network has been selected as the resolution data source for Kalshi’s expansion into commodities markets, underscoring the growing focus on reliable pricing infrastructure in event-based trading. Kalshi said on Wednesday that Pyth will supply real-time pricing data for its newly launched commodities hub, which debuted in April. The data will be used to determine how event contracts tied to commodity prices are settled. The move reflects a broader push among prediction market platforms to strengthen backend infrastructure as they expand into more complex asset classes. Accurate, tamper-resistant data feeds are critical for ensuring fair and transparent contract resolution, particularly in markets tied to real-world financial benchmarks. Read more
The private equity investment will be used to give retail customers indirect price exposure to OpenAI through venture tokens. Robinhood Ventures Fund I (RVI), a publicly traded closed-end fund that offers retail investors access to private equity investments, announced a $75 million investment in OpenAI. The company announced on Wednesday that it purchased $75 million of the AI developer's common stock, which will be used as the underlying asset to give Robinhood clients price exposure to OpenAI via the fund's venture tokens. The investment is “one of RVI’s largest investments to date,” according to RVI president Sarah Pinto, who added that the tokens aim to democratize access to private investing. Read more