Trump picks ex-SEC chair Jay Clayton as US Attorney for Manhattan
United States President-elect Donald Trump has announced his former chair of the Securities and Exchange Commission Jay Clayton will serve as US Attorney for the Southern District of New York.
Trump spoke highly of Clayton in the Nov. 14 announcement on social media platform Truth Social, noting that he has been a “highly respected business leader, counsel, and public servant.”
”Jay is going to be a strong Fighter for the Truth as we, Make America Great Again,” Trump said.
Bitcoin corrects as US inflation data emerges — Is the rally to $100K at stake?
Bitcoin (BTC) traded down by 4.1% on Nov. 14 following US inflation data that marginally exceeded market expectations. This decline mirrored the S&P 500 index futures, which fell from 6,023 to 5,980 over four hours.
As a result, traders are now questioning the extent of this correlation and when Bitcoin’s inflation-hedging attributes might offer some protection in an environment of persistent inflation.
S&P 500 index futures (left) vs. Bitcoin/USD (right). Source: TradingView
At the height of the COVID-19 pandemic, China plunged its economic capital, Shanghai, into a two-month lockdown in an attempt to outlast the virus — but it also wanted to eradicate any dissent regarding its zero-COVID policies, sparking one of Ethereum’s so-called “based rollups.”
“I lived in my apartment in the Shanghai COVID shutdown. I lived in my small apartment for almost three months without going out once,” Daniel Wang, co-founder and CEO of Taiko Labs — creator of the Ethereum layer 2 b
President-elect Donald Trump's transition team is considering current and former Commodity Futures Trading Commission (CFTC) officials to chair the financial regulatory agency, according to Reuters News.
The CFTC plays a crucial role in regulated cryptocurrency markets in the United States, second only to the Securities and Exchange Commission (SEC).
Summer Mersinger, a Republican CFTC commissioner who has urged the regulator to take a more accommodating stance on crypto, is among those under
Ilya Lichtenstein, one of the individuals who admitted to being behind the 2016 hack of the crypto exchange Bitfinex, has been sentenced to five years in prison.
In a Nov. 14 hearing in the United States District Court for the District of Columbia, Judge Colleen Kollar-Kotelly sentenced Lichtenstein to five years in prison following his guilty plea to conspiracy to commit money laundering. Prosecutors had recommended the Bitfinex hacker serve five years for his role in the theft of Bitcoin (BTC
Arkham launches points program to woo derivatives traders
Blockchain analytics firm Arkham Intelligence has started a points program to woo traders to its newly launched a cryptocurrency derivatives exchange, according to a Nov. 14 announcement.
Traders can earn points from trading spot crypto and perpetual futures contracts, Arkham said. The program will last for 30 days and points will be convertible to Arkham’s native token, ARKM.
On Nov. 6, Arkham launched a digital assets derivatives exchange. The exchange will reportedly target retail traders a
Crypto exchange EDX Markets has seen trading activity take off on its platform in 2024, reporting over $36 billion in volume since January from institutional clients.
According to the exchange, its average daily volume rose by 59% over the third quarter of this year. EDX’s proprietary matching engine is said to have processed more than 2 million trades and over 2.6 billion orders in October.
Founded in 2022, the company is backed by many top Wall Street firms, including Charles Schwab, Citad
SCB 10X debuts Rubie Wallet with Thai baht and US dollar stablecoins
Thai fintech SCB 10X has launched a wallet to enable the use of US dollar- and Thai baht-pegged stablecoins. The Rubie Wallet is being trialed by foreign visitors at the Devcon event in Bangkok while it is still part of the Bank of Thailand (BOT) and Thai Securities and Exchange Commission regulatory sandbox.
The Rubie Wallet has many collaborators
The Rubie Wallet features a scan-to-pay closed QR loop that is being accepted by around 100 local merchants from Nov. 5 to Nov. 25. Users must unde
18 US states file lawsuit against SEC and Gary Gensler
18 US states have filed a lawsuit against the Securities and Exchange Commission (SEC) and Chairman Gary Gensler, accusing the financial regulator of “gross government overreach” against the nascent crypto industry.
The joint lawsuit against the SEC. Source: Eleanor Terrett
The plaintiffs include Nebraska, Tennessee, Wyoming, Kentucky, West Virginia, Iowa, Texas, Mississippi, Ohio, Montana, and others. The legal complaint reads:
"The Securities and Exchange Commission (SEC) has not respected
Tokens will help Gen Z break into locked housing market
Opinion by Denis Petrovcic, co-founder and CEO of Blocksquare.
Wealth is becoming one of the most significant indicators of the generational divide, with real estate investing overwhelmingly dominated by the most senior cohorts. Many young people face the harsh reality that inheritance may be the only path to home ownership — and only for those fortunate to inherit.
While there are no magical solutions to capital distribution, fractionalized real estate tokens offer an accessible route into r
New Ethereum whales arrive, but will their accumulation send ETH above $3.5K?
Ether (ETH) demonstrated a strong 29% impulse move last week as it broke above $3,000 for the first time since August. However, its bullish momentum has slowed despite Bitcoin (BTC) moving by 13% over the past few days.
Ethereum 1-week chart. Source: TradingView
While Ethereum has been up by only 0.66% since Nov. 11, data suggests that whales are evaluating its current price point as a window of opportunity for long-term accumulation.
McDonald’s partners with Doodles for collector cups, online promotion
McDonald’s is bullish on Doodles, the media franchise that began as a non-fungible token (NFT) project. “McCafé x Doodles Holiday cups coming 11/18,” McDonald’s and Doodles have both confirmed in recent posts on X.
McDonald’s hooks up with change agent
According to the advertising trade press, the McDonald’s-Doodles campaign is called “GM Spread Joy.” It will feature limited-edition McCafé cups with Doodles-inspired artwork and a chance to win digital wearables and animated content accessible
Stablecoin issuer Tether has revealed a real-world asset tokenization platform dubbed "Hadron", which allows businesses, asset managers, and nation-states to issue and manage digital asset tokens for real-world financial instruments.
According to Tether, users can tokenize stocks, bonds, stablecoins, loyalty points, and other real-world assets on the platform, which also features robust know-your-customer (KYC) and anti-money laundering (AML) controls. Tether CEO Paolo Ardoino issued this state
Portal Ventures raises $75M for pre-seed crypto fund
Portal Ventures has closed its second fund, raising $75 million to invest in pre-seed Web3 startups.
The fund includes backing from investors such as a16z’s Marc Andreessen and Chris Dixon, along with the contribution of funds of funds, including Accolade Partners, Theta Capital, and CrossLayer Capital.
The venture firm is based in New York City and claims to have invested in crypto startups even before a white paper or pitch deck had been drafted. According to Crunchbase, its portfolio incl
PEPE rallies 78% to new all-time highs as the memecoin market cap tops $116B
Pepe (PEPE), the largest Ethereum-based memecoin by market capitalization, is on track to continue the recovery it began on Nov. 5. PEPE has climbed approximately 230% from its Nov. 5 low of around $0.0000078, bringing its price up to an all-time high of $0.00002597 on Nov. 14.
Data from Cointelegraph Markets Pro and TradingView shows PEE trading at $0.00002093, up 15% over the 24 hours and 104% over the last seven days.
Pennsylvania lawmaker introduces bill for ‘strategic Bitcoin reserve’
Pennsylvania State Representative Mike Cabell has introduced legislation in the state’s House of Representatives to permit its treasury to hold up to 10% in Bitcoin on its balance sheet.
In a Nov. 12 memo, Representative Cabell, a Republican, said he had proposed the bill as a tool to protect against inflation, claiming using Bitcoin (BTC) as a hedge could “offer stability in uncertain economic times.” The legislation, if passed, would allow Pennsylvania’s Treasurer to invest up to 10% of the S
Analyst says strong DXY no good for Bitcoin price, urges leverage traders to be ‘careful’
The United States dollar rising to year-to-date highs has raised concerns about the sustainability of the current Bitcoin bull run, with a crypto analyst warning traders to be cautious about making overly speculative bets.
“The macro backdrop has soured. Dollar strength is not good for Bitcoin,” Real Vision chief crypto analyst Jamie Coutts said in a Nov. 14 X post.
Bitcoiners should be wary of leverage amid USD highs
Coutts pointed to his “liquidity framework” chart — which illustrates a his
Trump's World Liberty Financial taps Chainlink as oracle provider
President-elect Donald Trump's decentralized finance platform World Liberty Financial has announced an integration with Chainlink's price feeds to provide real-time, tamper-proof data to the DeFi project.
According to a November 14 announcement, WLFI will leverage Chainlink oracles on the Ethereum mainnet to power the platform's launch — based on an Aave V3 instance. Following the integration, Eric Trump — Web3 ambassador at World Liberty Financial — and the son of the President-elect, had this
SEC chair doubles down on crypto stance under threat of Trump ousting
United States Securities and Exchange Commission (SEC) Chair Gary Gensler, potentially only weeks away from being removed by President-elect Donald Trump, has reiterated his position on crypto policy and enforcement.
In prepared remarks for a Nov. 14 speech at the Practicing Law Institute’s 56th Annual Institute on Securities Regulation, Gensler said his focus for digital assets while leading the commission was having parties “register and give proper disclosure to the public” for roughly 10,00
3 reasons why Solana price is on the verge of new all-time highs
Solana (SOL) price is up 13% over the last seven days to trade at $218 on Nov. 14.
Data from Cointelegraph Markets Pro and TradingView showed Solana price rose from a low of $156 on Nov. 5, climbing as much as 43% to reach a two-year high of $225 on Nov. 12. This has sparked optimism among traders that the layer-1 token could continue its ascent toward the all-time high of $260, especially after Bitcoin (BTC) crossed the $90,000 mark to set a fresh all-time high at $93,434.