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News | Crypto Converter | Crypto Calculators |
Phantom, Coinbase push prediction markets as US regulators loosen grip |
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Key points: |
Phantom has integrated Kalshi's regulated prediction markets into its wallet as Coinbase and Gemini prepare similar US-facing launches. Recent CFTC no-action letters and federal court rulings are easing enforcement pressure on prediction market operators.
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News - Crypto prediction markets are rapidly moving into the mainstream as wallets, exchanges, and regulators converge around a more permissive US framework. |
Phantom has partnered with Kalshi to bring regulated event-based trading directly into its wallet, allowing users to trade tokenized contracts tied to real-world outcomes without leaving the app. |
The new Phantom Prediction Markets feature enables users to discover trending events, track live odds, and take positions across politics, economics, sports, and culture. The integration references Kalshi's federally regulated event markets, positioning Phantom as a distribution layer for compliant outcome-based trading. |
Exchanges accelerate their push - Phantom's move comes as major US crypto exchanges race to enter prediction markets. |
Gemini recently secured approval from the Commodity Futures Trading Commission to operate a designated contract market, opening the door for event contract trading for US users. Following the announcement, Gemini shares rose nearly 14% in after-hours trading. |
Coinbase is also expected to unveil its own prediction markets and tokenized equities during an upcoming livestream. While the exchange has not confirmed specific products, it recently joined the Coalition for Prediction Markets alongside Kalshi and Crypto.com, signaling a coordinated industry effort to engage policymakers and shape federal oversight. |
Regulatory signals turn more favorable - Momentum has been reinforced by recent regulatory developments. The CFTC issued no-action letters to several prediction market operators, including Kalshi, Polymarket US, PredictIt, LedgerX, and Gemini's prediction markets arm. |
The guidance temporarily reduces enforcement risk around data reporting and record-keeping, provided platforms fully collateralize contracts and publish transaction data after execution. |
At the same time, a federal judge ordered Connecticut regulators to pause enforcement actions against Kalshi, reinforcing federal authority over prediction markets. Together, these signals suggest a clearer runway for compliant platforms as crypto-based prediction markets expand across wallets and exchanges. |
SEC clears DTCC tokenization pilot as US markets move onchain |
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Key points: |
The SEC has issued a no-action letter allowing DTCC to pilot tokenized stocks, ETFs, and US Treasurys on approved blockchains for three years. SEC Chair Paul Atkins said US financial markets are "poised to move onchain," signaling broader regulatory openness to tokenized securities.
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News - US financial markets are taking a major step toward blockchain-based settlement after the Securities and Exchange Commission (SEC) issued a no-action letter to a subsidiary of the Depository Trust & Clearing Corporation (DTCC). |
The approval allows DTCC, through its clearing arm Depository Trust Company, to pilot a tokenization service for certain highly liquid securities without triggering enforcement action. |
The three-year authorization covers tokenized representations of Russell 1000 equities, exchange-traded funds tracking major indexes, and US Treasury bills, notes, and bonds. DTCC plans to roll out the service in 2026, marking the first time the backbone of the US securities market has been permitted to operate blockchain-based recordkeeping. |
A shift toward onchain market infrastructure - SEC Chair Paul Atkins framed the move as part of a broader transition toward onchain financial markets. |
In public remarks, Atkins said US markets are "poised to move onchain" and described tokenization as a pathway to greater transparency, efficiency, and faster settlement. He also signaled that the agency is considering an innovation exemption to help firms transition onchain without being constrained by outdated regulatory frameworks. |
Under the pilot, DTCC will be allowed to mint and burn blockchain-based tokens that mirror securities already held in custody. These tokenized entitlements will carry the same ownership rights and investor protections as traditional securities, while operating within a permissioned system that includes registered wallets and transaction reversal authority. |
Regulatory guardrails remain in place - While the no-action letter offers regulatory relief, it does not rewrite securities law. |
DTCC must meet strict oversight conditions, including quarterly reporting on usage, technology choices, supported blockchains, registered wallets, and any transaction reversals. Tokens may move only between wallets registered with DTCC, ensuring centralized control remains intact. |
Together, the pilot and recent SEC statements suggest tokenization is shifting from theory to regulated market infrastructure, with federal regulators increasingly willing to accommodate blockchain-based settlement under controlled conditions. |
Binance expands product ambitions amid scrutiny and political ties |
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Key points: |
Binance is signaling a renewed push into tokenized equities and stock-linked derivatives through new API updates and stablecoin integrations. The exchange is also facing scrutiny over law enforcement cooperation and growing political exposure tied to the Trump-linked USD1 stablecoin.
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News - Binance appears to be laying the groundwork for a broader expansion into tokenized equities and traditional finance-linked products, even as its operational practices and political ties draw renewed attention. |
Recent updates to Binance's application programming interface point to preparations for stock perpetual futures, suggesting a return to equity-linked trading after its short-lived tokenized stock launch in 2021. |
The new API endpoints reference stock-related contracts and trading sessions, indicating a structure closer to traditional market hours rather than continuous crypto trading. |
While Binance has not formally confirmed the product, the changes come as exchanges globally race to roll out tokenized stocks and stock-linked derivatives amid evolving regulatory signals. |
Law enforcement response under the microscope - At the same time, Binance's role as a global intermediary has come under scrutiny following reports tied to a recent hack at South Korea's Upbit exchange. |
According to local broadcaster KBS, Binance froze only about $55,000 of roughly $370,000 in assets that investigators linked to the incident, citing verification requirements and acting after a reported delay. |
The episode has renewed debate around how centralized exchanges respond to cross-border law enforcement requests, particularly in time-sensitive hacking cases. Binance has said it cooperates with authorities through official channels and works with agencies worldwide to support investigations into illicit activity. |
Political and stablecoin exposure grows - Adding another layer, Binance has expanded support for World Liberty Financial's USD1 stablecoin, a Trump family-backed project. The exchange introduced zero-fee trading pairs for major tokens and announced plans to convert its stablecoin collateral to USD1 at a 1:1 ratio. |
USD1, backed by US Treasury bills, has grown to a $2.7 billion market capitalization, though supply has declined slightly in recent months. The expansion follows President Donald Trump's recent pardon of Binance founder Changpeng Zhao, further intertwining Binance's product strategy with regulatory and political developments. |
YouTube brings PYUSD stablecoin payouts to the creator economy |
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Key points: |
YouTube now allows US creators to receive earnings in PayPal's PYUSD stablecoin, marking one of the most prominent consumer-facing uses of PYUSD to date. The move reflects broader institutional and Big Tech adoption of stablecoins as payment rails following recent regulatory clarity in the US.
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News - YouTube has enabled US-based content creators to receive their earnings in PayPal's dollar-backed stablecoin PYUSD, expanding stablecoin usage beyond backend payments into mainstream creator monetization. |
The option became available after PayPal introduced PYUSD payouts for payment recipients in the third quarter of 2025, with YouTube choosing to extend the feature specifically to American creators. |
PayPal's Head of Crypto, May Zabaneh, said the setup allows platforms like YouTube to offer stablecoin payouts without directly handling crypto infrastructure. Creators can access PYUSD through PayPal while avoiding custody and compliance complexity on YouTube's side. |
Stablecoins gain ground with big tech - YouTube's adoption highlights a broader trend among major technology platforms exploring stablecoins as low-friction payout rails. Companies including Apple, Airbnb, and X have evaluated similar approaches, driven by faster settlement and reduced dependence on traditional banking systems. |
PYUSD, launched in August 2023 and issued by Paxos, was designed for everyday commerce use cases such as subscriptions, vendor payments, and cross-border transfers. |
The stablecoin has also gained institutional traction, earning support on Visa's stablecoin settlement platform and being selected as the settlement asset for the State Street Galaxy Onchain Liquidity Sweep Fund, which is scheduled to launch in 2026. |
Regulatory clarity and market growth - The timing also aligns with recent regulatory developments in the US. The GENIUS Act, signed into law earlier this year, established a federal framework for stablecoins, accelerating institutional confidence and adoption across payments and financial infrastructure. |
PYUSD's market capitalization has climbed to $3.9 billion, according to CoinGecko data, making it the sixth-largest stablecoin. While the majority of supply sits on Ethereum and Solana, PayPal has expanded PYUSD across multiple blockchains, positioning it as a scalable settlement layer as stablecoins move deeper into mainstream digital platforms. |
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More stories from the crypto ecosystem |
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Crypto scams uncovered |
Europe's €700M crypto crime maze - When global police finally hit back, they uncovered a €700 million laundering network that moved funds through dozens of exchanges and shell entities, revealing how organized crime now treats crypto rails like cross-border ATM corridors. Europol said the operation showed modern scam rings function more like coordinated financial syndicates than isolated actors. AI is turning the tables on scammers in 2025 - Scam-baiting creator Kitboga launched an AI bot army that has trapped cybercrooks for thousands of hours and turned their own tactics into intelligence shared with law enforcement and exchanges. It's one of the first examples of automation fighting fraud at scale. Criminals are finding clever new corridors in crypto - Research shows more than $21 billion flowed through cross-chain bridges and decentralized swaps in 2024, underscoring how anonymity and protocol complexity are becoming favorite routes for laundering illicit funds. As Web3 interoperability grows, so do its blind spots.
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Top 3 coins of the day |
Sui (SUI) |
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Key points: |
SUI traded near $1.63 after a modest daily advance that followed several weeks of sustained downside pressure. The Awesome Oscillator stayed below zero with green bars shrinking in size, showing that positive momentum was present but steadily weakening.
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What you should know: |
SUI attempted to stabilise after finding a base around the $1.55–$1.58 zone, with price lifting modestly off recent lows. Despite the bounce, the broader structure remained cautious as SUI continued to trade beneath the MA Ribbon, where the 50-day SMA now acts as the first resistance level to watch near the $1.85–$1.90 area. The Awesome Oscillator remained in negative territory, and although its histogram bars stayed green, their declining size suggested fading bullish momentum rather than an expanding recovery. Volume stayed moderate during the rebound, pointing to stabilisation instead of aggressive accumulation. On the catalyst front, sentiment was supported by Sui's partnership with SAGINT for tokenised commodities and its inclusion in Bitwise's crypto index ETF, both of which reinforced institutional visibility. Whether SUI can hold above its recent base will likely determine if this recovery attempt extends or stalls. |
Bittensor (TAO) |
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Key points: |
TAO rebounded toward the $300 mark after stabilising above a recent demand zone, signalling a short-term recovery attempt. The Stochastic RSI moved into overbought territory, while price reclaimed the 9-day SMA, pointing to improving momentum but rising consolidation risk.
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What you should know: |
TAO saw buyers step back in near the $280–$285 zone, allowing price to reclaim the 9-day SMA after weeks of persistent selling pressure. This move marked a shift in short-term structure, as the 9-day SMA now acts as the first dynamic level to monitor for continuation. Momentum indicators reflected this bounce, with the Stochastic RSI climbing above the 80 level, indicating strong upside momentum but also signalling that conditions had become overheated in the near term. Volume picked up modestly during the rebound, supporting the move without confirming aggressive accumulation. From a catalyst perspective, sentiment remained supported by anticipation around Bittensor's upcoming halving and growing institutional visibility following details around Grayscale's Bittensor Trust. Whether TAO can hold above $300 will be key, as failure to do so could invite renewed consolidation below the $315–$320 resistance zone. |
Solana (SOL) |
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Key points: |
SOL hovered near $137 after a volatile downswing, with recent sessions showing slowing downside momentum rather than a confirmed reversal. The MACD structure stayed marginally bullish, though contracting green histogram bars pointed to fading upside strength.
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What you should know: |
Solana traded in a tight range after November's sell-off, holding above the $130 zone and refusing to extend losses. That price action suggested seller exhaustion, even if buyers did not yet take firm control. Parabolic SAR dots remained above the candles, but they compressed closer to price, signaling that downside pressure was easing rather than flipping bullish. MACD stayed marginally positive, with the MACD line slightly above the signal line, while the green histogram bars continued to contract, showing fading upside momentum. Volume told a similar story: the earlier drop came with heavier activity, whereas recent green candles printed on lighter participation, hinting at cautious dip-buying. Beyond the chart, sentiment got a lift from Solana's ecosystem headlines, including the wXRP launch that opened fresh DeFi liquidity and ongoing network upgrade discussions around lowering costs. For now, $130 is the support to watch and $140–$145 is the immediate resistance zone. |
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