News

A major trader placed a $1.74B Bitcoin options position targeting $100K-$112K by Dec. 26, dominating the expiry with 20,000 BTC in strikes.

Quick Take The CFTC is poised to have a larger role in regulating crypto as bills in both the House and Senate would give the agency broader authority over digital assets. “In order to hit the ground running, it is critical that the CFTC drives public engagement with the support of expert industry leaders and visionaries who are building the future,” Pham said on Tuesday.

Quick Take The CFTC has officially approved Polymarket’s return to the U.S. by issuing an Amended Order of Designation that lets the onchain predictions platform operate as a fully regulated intermediated exchange. Grayscale and Franklin Templeton’s new spot XRP ETFs led the market on debut, pulling in $67.4 million and $62.6 million in respective net inflows on Monday.

Quick Take A misconfigured multisig allowed a community member to execute the cap-increase transaction early, reopening deposits before the team intended. MegaETH now plans to offer withdrawals to users unsettled by the rollout, stating that all contracts remain secure despite the operational missteps.

Quick Take Fortune reported Paxos’ second acquisition of the year was for more than $100 million. Fordefi offers an institutional-grade multi-party computation (MPC) wallet solution that reportedly safeguards over $120 billion in monthly transaction volume.