📈 CNBC: CRYPTO BOOM CREATES 70,000 NEW MILLIONAIRES
🔹 The sharp rise in Bitcoin’s price over the past year has created 70,000 new crypto millionaires, according to a report by Henley & Partners and New World Wealth.
🔹 There are now around 240,000 people worldwide holding more than $1 million in crypto, along with 450 individuals worth over $100 million and 36 crypto billionaires.
🔹 Economists estimate that for every $1 in crypto profits, investors spend about 10 cents, injecting roughly $200 billion in additional spending into the global economy this year.
🔹 Unlike the early days of buying “Lambos,” today’s wealthy crypto investors — mostly aged 30 to 40 — are focusing on real estate and more stable assets.
🔹 Regions with large crypto investor communities are seeing stronger property price growth during crypto rallies, highlighting a clear link between crypto wealth and the real estate market.
🎥 Video: x.com/BTC_Archive/status/1975940538449690745
#CryptoNews #Bitcoin #CryptoMillionaires #CNBC #Blockchain #BTC #CryptoWealth #DigitalAssets #Web3 #Investment #CryptoMarket
🔹 The sharp rise in Bitcoin’s price over the past year has created 70,000 new crypto millionaires, according to a report by Henley & Partners and New World Wealth.
🔹 There are now around 240,000 people worldwide holding more than $1 million in crypto, along with 450 individuals worth over $100 million and 36 crypto billionaires.
🔹 Economists estimate that for every $1 in crypto profits, investors spend about 10 cents, injecting roughly $200 billion in additional spending into the global economy this year.
🔹 Unlike the early days of buying “Lambos,” today’s wealthy crypto investors — mostly aged 30 to 40 — are focusing on real estate and more stable assets.
🔹 Regions with large crypto investor communities are seeing stronger property price growth during crypto rallies, highlighting a clear link between crypto wealth and the real estate market.
🎥 Video: x.com/BTC_Archive/status/1975940538449690745
#CryptoNews #Bitcoin #CryptoMillionaires #CNBC #Blockchain #BTC #CryptoWealth #DigitalAssets #Web3 #Investment #CryptoMarket
PayPay, the major payment app owned by SoftBank, has acquired a 40% stake in Binance Japan to integrate the PayPay Money e-wallet with Binance’s platform.
As a result, 70 million PayPay users can now buy, sell, and store crypto directly, as well as withdraw funds from their e-wallets. Both companies will also develop products that make the Web3 experience more accessible and secure.
#BinanceJapan #PayPay #SoftBank #CryptoAdoption #Web3 #Blockchain #CryptoNews #JapanCrypto #DigitalPayments #Binance
As a result, 70 million PayPay users can now buy, sell, and store crypto directly, as well as withdraw funds from their e-wallets. Both companies will also develop products that make the Web3 experience more accessible and secure.
#BinanceJapan #PayPay #SoftBank #CryptoAdoption #Web3 #Blockchain #CryptoNews #JapanCrypto #DigitalPayments #Binance
🚨 BITCOIN CRASHED TO $102,000 🚨
The market just faced a massive shakeout as Bitcoin plunged from $126,000 to $102,000, wiping out nearly 20% in less than two days.
Over $1.2B of long positions have been liquidated, triggering a domino effect across the entire crypto market. Altcoins like ETH, SOL, and BNB dropped sharply by 10–20%, spreading panic among traders.
📉 BTC broke through all key supports (MA7–MA28), forming a strong daily breakdown pattern.
🔹 Key support now: $100,000 – $102,000
🔹 If broken, BTC may retest $95,000 – $97,000
Despite the fear, long-term investors see this as a golden accumulation zone before the next major rally.
⸻
#Bitcoin #BTC #CryptoCrash #BTC102K #CryptoMarket #GlobalCryptos #BuyTheDip #CryptoNews #BTCBreakdown
ビットコインが暴落 – ついに10万ドルへ!💥
#ビットコイン #BTC #仮想通貨 #市場暴落 #グローバルクリプトス
The market just faced a massive shakeout as Bitcoin plunged from $126,000 to $102,000, wiping out nearly 20% in less than two days.
Over $1.2B of long positions have been liquidated, triggering a domino effect across the entire crypto market. Altcoins like ETH, SOL, and BNB dropped sharply by 10–20%, spreading panic among traders.
📉 BTC broke through all key supports (MA7–MA28), forming a strong daily breakdown pattern.
🔹 Key support now: $100,000 – $102,000
🔹 If broken, BTC may retest $95,000 – $97,000
Despite the fear, long-term investors see this as a golden accumulation zone before the next major rally.
⸻
#Bitcoin #BTC #CryptoCrash #BTC102K #CryptoMarket #GlobalCryptos #BuyTheDip #CryptoNews #BTCBreakdown
ビットコインが暴落 – ついに10万ドルへ!💥
#ビットコイン #BTC #仮想通貨 #市場暴落 #グローバルクリプトス
GlobalCryptos.Trade
GlobalCryptos: A New Way to Convert Crypto into Cash . ================ Our English Community : X : https://x.com/globalcryptost?s=21 Telegram Channel : https://t.me/+OBWUueJ1uxkzYTY9 Telegram Group : https://t.me/+r4NRlOIOf10xMmM1 Our Shop On : Mexc , Okx…
🌍 GlobalCryptos – Official Service Locations
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💱 GlobalCryptos – Fast, Secure, Global.
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📲 Contact us: @GlobalCryptosOfficial
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#GlobalCryptos #CryptoToCash #Bitcoin #Ethereum #OTC #CryptoExchange #GlobalFinance #CryptoWorldwide
GlobalCryptos proudly provides trusted crypto-to-cash, OTC, and international payment services in major financial hubs and cities worldwide.
📍 Current Service Locations:
🇯🇵 Japan – Tokyo
🇰🇷 South Korea – Seoul
🇻🇳 Vietnam – Ho Chi Minh City, Da Nang, Hanoi
🇨🇳 China – Shenzhen, Pingxiang, Guangzhou
🇰🇭 Cambodia – Phnom Penh
🇺🇸 United States – California, Los Angeles, Westminster, New York City, Philadelphia, Portland, Atlanta
🇨🇦 Canada – Toronto, Vancouver
🇭🇰 Hong Kong
🇸🇬 Singapore
🇲🇾 Malaysia – Penang, Kuala Lumpur
🇮🇩 Indonesia – Jakarta, Bali
🇵🇰 Pakistan
🇦🇪 United Arab Emirates – Dubai
💱 GlobalCryptos – Fast, Secure, Global.
Connecting crypto and fiat safely across 50+ countries and 100+ exchange points.
📲 Contact us: @GlobalCryptosOfficial
🌐 Website: GlobalCryptos.Trade
#GlobalCryptos #CryptoToCash #Bitcoin #Ethereum #OTC #CryptoExchange #GlobalFinance #CryptoWorldwide
GlobalCryptos.Trade pinned «🌍 GlobalCryptos – Official Service Locations GlobalCryptos proudly provides trusted crypto-to-cash, OTC, and international payment services in major financial hubs and cities worldwide. 📍 Current Service Locations: 🇯🇵 Japan – Tokyo 🇰🇷 South Korea – Seoul…»
Tom Lee’s company Bitmine has just purchased 128,718 ETH (worth approximately $480 million USD) through six new wallets.
🇺🇸 THIS WEEK’S ECONOMIC EVENTS (October 13–17)
🔹 Monday (Columbus Day): The U.S. stock market remains open, but the bond market will be closed.
🔹 The U.S. government is still shut down, so key reports such as Wholesale Inflation (PPI), Construction Data, and Retail Sales are likely to be delayed or unavailable this week.
🔹 Even if the government reopens, data releases may still be delayed due to backlogs.
🔹 Several Federal Reserve officials are scheduled to speak throughout the week.
#Bitmine #TomLee #ETH #Ethereum #CryptoNews #Bitcoin #GlobalCryptos #USMarkets #FED #Inflation #PPI #Economy #ColumbusDay #CryptoMarket #Blockchain
🇺🇸 THIS WEEK’S ECONOMIC EVENTS (October 13–17)
🔹 Monday (Columbus Day): The U.S. stock market remains open, but the bond market will be closed.
🔹 The U.S. government is still shut down, so key reports such as Wholesale Inflation (PPI), Construction Data, and Retail Sales are likely to be delayed or unavailable this week.
🔹 Even if the government reopens, data releases may still be delayed due to backlogs.
🔹 Several Federal Reserve officials are scheduled to speak throughout the week.
#Bitmine #TomLee #ETH #Ethereum #CryptoNews #Bitcoin #GlobalCryptos #USMarkets #FED #Inflation #PPI #Economy #ColumbusDay #CryptoMarket #Blockchain
The Central Bank of Russia is considering tokenizing (converting shares into digital assets on the blockchain) so that foreign investors can purchase shares of Russian companies. The goal is to expand access to the domestic stock market without being affected by international sanctions.
Many experts support this idea, saying that tokenization could help Russia attract capital from friendly nations such as BRICS, the UAE, Kazakhstan, and Armenia, while also allowing small investors to buy fractional shares more easily.
#Russia #Tokenization #Blockchain #BRICS #DigitalAssets #StockMarket #CryptoNews #GlobalFinance
Many experts support this idea, saying that tokenization could help Russia attract capital from friendly nations such as BRICS, the UAE, Kazakhstan, and Armenia, while also allowing small investors to buy fractional shares more easily.
#Russia #Tokenization #Blockchain #BRICS #DigitalAssets #StockMarket #CryptoNews #GlobalFinance
🇦🇪 DUBAI BECOMES THE WORLD’S LARGEST LICENSED DIGITAL ASSET MARKET, CREATING A NEW INDUSTRY
🔹 Dubai now oversees more than 40 licensed digital asset service providers, with a total trading volume exceeding 2.5 trillion dirhams (~$680 billion) since early 2025.
🔹 On the 3rd anniversary of the Dubai Virtual Assets Regulatory Authority (VARA), Sheikh Mohammed bin Rashid Al Maktoum, Prime Minister of the UAE and Ruler of Dubai, praised his son Sheikh Maktoum bin Mohammed for making Dubai a global hub for digital assets.
“In just three years, an entirely new economic sector has been added to the national economy. Thank you, Maktoum bin Mohammed — together, we are confident in the country’s economic future.”
💱 If you would like to trade OTC in Dubai, please contact GlobalCryptos.
#Dubai #UAE #VARA #CryptoNews #DigitalAssets #OTC #GlobalCryptos #DubaiCrypto #Blockchain #Web3 #CryptoMarket
🔹 Dubai now oversees more than 40 licensed digital asset service providers, with a total trading volume exceeding 2.5 trillion dirhams (~$680 billion) since early 2025.
🔹 On the 3rd anniversary of the Dubai Virtual Assets Regulatory Authority (VARA), Sheikh Mohammed bin Rashid Al Maktoum, Prime Minister of the UAE and Ruler of Dubai, praised his son Sheikh Maktoum bin Mohammed for making Dubai a global hub for digital assets.
“In just three years, an entirely new economic sector has been added to the national economy. Thank you, Maktoum bin Mohammed — together, we are confident in the country’s economic future.”
💱 If you would like to trade OTC in Dubai, please contact GlobalCryptos.
#Dubai #UAE #VARA #CryptoNews #DigitalAssets #OTC #GlobalCryptos #DubaiCrypto #Blockchain #Web3 #CryptoMarket
POWELL HINTS FED MAY SOON END QUANTITATIVE TIGHTENING, BUT OFFERS NO RATE GUIDANCE
🔹 This suggests the Federal Reserve could soon halt the reduction of its bond portfolio, which has shrunk from nearly $9 trillion during the pandemic to around $6 trillion today.
🔹 Chair Jerome Powell did not specify a timeline but noted that bank reserves are approaching the ample level the Fed aims to maintain to ensure stable financial system liquidity.
🔹 Powell emphasized that the Fed will not return to the pre-COVID balance sheet size (around $4 trillion), signaling that system liquidity will remain higher than pre-pandemic levels.
🔹 He also acknowledged that economic data has been disrupted due to the temporary U.S. government shutdown, making it harder to assess the situation, although early figures indicate economic activity is stronger than expected.
🔹 The market still expects two rate cuts this year, but Powell did not confirm, stressing that “there is no path without risk” as the Fed balances growth and inflation.
#FederalReserve #Powell #FOMC #QuantitativeTightening #USMarkets #InterestRates #Economy #Inflation #BondMarket #USD #GlobalCryptos
🔹 This suggests the Federal Reserve could soon halt the reduction of its bond portfolio, which has shrunk from nearly $9 trillion during the pandemic to around $6 trillion today.
🔹 Chair Jerome Powell did not specify a timeline but noted that bank reserves are approaching the ample level the Fed aims to maintain to ensure stable financial system liquidity.
🔹 Powell emphasized that the Fed will not return to the pre-COVID balance sheet size (around $4 trillion), signaling that system liquidity will remain higher than pre-pandemic levels.
🔹 He also acknowledged that economic data has been disrupted due to the temporary U.S. government shutdown, making it harder to assess the situation, although early figures indicate economic activity is stronger than expected.
🔹 The market still expects two rate cuts this year, but Powell did not confirm, stressing that “there is no path without risk” as the Fed balances growth and inflation.
#FederalReserve #Powell #FOMC #QuantitativeTightening #USMarkets #InterestRates #Economy #Inflation #BondMarket #USD #GlobalCryptos
🇺🇸 US INDICTS CHAIRMAN OF “SCAM EMPIRE” IN CAMBODIA, SEIZES RECORD AMOUNT OF BITCOIN
The United States has indicted Chen Zhi (38), Chairman of Prince Group (Cambodia), for allegedly operating a global crypto fraud and forced labor network.
The U.S. Department of Justice has seized 127,271 Bitcoin, worth over $14.2 billion, marking the largest asset seizure in history.
#CryptoNews #Bitcoin #GlobalScam #USJustice #PrinceGroup #Cambodia #CryptoFraud #DOJ #BTC #GlobalCryptos
The United States has indicted Chen Zhi (38), Chairman of Prince Group (Cambodia), for allegedly operating a global crypto fraud and forced labor network.
The U.S. Department of Justice has seized 127,271 Bitcoin, worth over $14.2 billion, marking the largest asset seizure in history.
#CryptoNews #Bitcoin #GlobalScam #USJustice #PrinceGroup #Cambodia #CryptoFraud #DOJ #BTC #GlobalCryptos
REPUBLICANS PROPOSE TO CODIFY TRUMP’S CRYPTO 401(K) EXECUTIVE ORDER
🔹 Representative Troy Downing has introduced the Retirement Investment Choice Act, aiming to turn President Trump’s August executive order—allowing crypto investments in 401(k) retirement plans—into federal law.
🔹 The bill would enable Americans to invest in alternative assets such as Bitcoin and other cryptocurrencies within their 401(k) accounts, provided that fund providers deem them suitable for long-term portfolio growth.
🔹 Analysts estimate that if the $25 trillion U.S. retirement industry opens up to crypto, billions of dollars in new capital could flow into the digital asset market.
#CryptoNews #Bitcoin #Trump #401k #RetirementFunds #CryptoInvestment #Blockchain #GlobalCryptos #BTC #CryptoPolicy
🔹 Representative Troy Downing has introduced the Retirement Investment Choice Act, aiming to turn President Trump’s August executive order—allowing crypto investments in 401(k) retirement plans—into federal law.
🔹 The bill would enable Americans to invest in alternative assets such as Bitcoin and other cryptocurrencies within their 401(k) accounts, provided that fund providers deem them suitable for long-term portfolio growth.
🔹 Analysts estimate that if the $25 trillion U.S. retirement industry opens up to crypto, billions of dollars in new capital could flow into the digital asset market.
#CryptoNews #Bitcoin #Trump #401k #RetirementFunds #CryptoInvestment #Blockchain #GlobalCryptos #BTC #CryptoPolicy
IMF Managing Director Kristalina Georgieva stated that nations must face the reality that money is going digital, with both cryptocurrencies and central bank digital currencies (CBDCs) evolving at a rapid pace.
She said that while governments may try to isolate themselves from this trend — “good luck with that.” Her message to member countries: learn, adapt, and choose your own path — but don’t turn a blind eye to reality.
#IMF #KristalinaGeorgieva #DigitalCurrency #CryptoAdoption #CBDC #GlobalFinance #Fintech #Blockchain #DigitalEconomy #CryptoNews
She said that while governments may try to isolate themselves from this trend — “good luck with that.” Her message to member countries: learn, adapt, and choose your own path — but don’t turn a blind eye to reality.
#IMF #KristalinaGeorgieva #DigitalCurrency #CryptoAdoption #CBDC #GlobalFinance #Fintech #Blockchain #DigitalEconomy #CryptoNews
RIPPLE SPENDS $1 BILLION TO ACQUIRE 40-YEAR-OLD COMPANY GTREASURY
🔹 Ripple has acquired GTreasury, a company with over 40 years of experience in corporate treasury management, for $1 billion.
🔹 This acquisition expands Ripple’s reach into corporate finance, enabling global enterprises to transfer money faster, manage cash flow more efficiently, and easily use stablecoins and digital assets.
🔹 Ripple stated that this move marks a major step in integrating blockchain technology into the global financial system, replacing outdated and costly processes.
🔹 This is Ripple’s third acquisition in 2025, following the purchases of Rail ($200 million) and Hidden Road ($1.25 billion) earlier this year.
#Ripple #GTreasury #Blockchain #CryptoNews #FinTech #DigitalAssets #Stablecoin #GlobalFinance #XRP #RippleAcquisition #Crypto2025
🔹 Ripple has acquired GTreasury, a company with over 40 years of experience in corporate treasury management, for $1 billion.
🔹 This acquisition expands Ripple’s reach into corporate finance, enabling global enterprises to transfer money faster, manage cash flow more efficiently, and easily use stablecoins and digital assets.
🔹 Ripple stated that this move marks a major step in integrating blockchain technology into the global financial system, replacing outdated and costly processes.
🔹 This is Ripple’s third acquisition in 2025, following the purchases of Rail ($200 million) and Hidden Road ($1.25 billion) earlier this year.
#Ripple #GTreasury #Blockchain #CryptoNews #FinTech #DigitalAssets #Stablecoin #GlobalFinance #XRP #RippleAcquisition #Crypto2025
Japan is preparing to introduce a law banning insider trading in the cryptocurrency market, bringing crypto under the same regulatory framework as traditional securities.
According to the plan, the Financial Services Agency (FSA) will grant authority to the Securities and Exchange Surveillance Commission (SESC) to investigate and penalize crypto trades made using non-public information. The new law is expected to be finalized this year and submitted to parliament before 2026.
#Japan #CryptoRegulation #InsiderTrading #FSA #SESC #BlockchainNews #CryptoLaw #Web3 #GlobalCryptos
According to the plan, the Financial Services Agency (FSA) will grant authority to the Securities and Exchange Surveillance Commission (SESC) to investigate and penalize crypto trades made using non-public information. The new law is expected to be finalized this year and submitted to parliament before 2026.
#Japan #CryptoRegulation #InsiderTrading #FSA #SESC #BlockchainNews #CryptoLaw #Web3 #GlobalCryptos
About ASTER 🌐
Aster is a next-generation perpetual DEX that supports both futures and spot trading across multiple blockchains such as BNB Chain, Ethereum, Solana, and Arbitrum.
Developed by former Binance engineers and backed by YZi Labs (linked to Binance founder CZ Zhao), Aster aims to combine the liquidity and leverage of CEXs with the security and decentralization of DeFi.
Tokenomics:
• Token: ASTER
• Max Supply: ~8B
• Circulating Supply: ~2–2.1B
• Utility: staking, governance, trading fee discounts, and revenue sharing.
Market Highlights:
• Rapid growth in trading volume and TVL after launch.
• Strong community attention; rumored investment from MrBeast.
• Current price: ~$1.08, down -15.7% (24h).
• Support: $0.95–1.00 | Resistance: $1.35–1.60.
• Recommended: DCA for long-term investors, avoid short-term bottom catching.
🚀 To buy or hold ASTER anywhere in the world, contact @GlobalCryptosOfficial for assistance.
#ASTER #CryptoNews #DEX #DeFi #Binance #Web3 #GlobalCryptos #Investment
Aster is a next-generation perpetual DEX that supports both futures and spot trading across multiple blockchains such as BNB Chain, Ethereum, Solana, and Arbitrum.
Developed by former Binance engineers and backed by YZi Labs (linked to Binance founder CZ Zhao), Aster aims to combine the liquidity and leverage of CEXs with the security and decentralization of DeFi.
Tokenomics:
• Token: ASTER
• Max Supply: ~8B
• Circulating Supply: ~2–2.1B
• Utility: staking, governance, trading fee discounts, and revenue sharing.
Market Highlights:
• Rapid growth in trading volume and TVL after launch.
• Strong community attention; rumored investment from MrBeast.
• Current price: ~$1.08, down -15.7% (24h).
• Support: $0.95–1.00 | Resistance: $1.35–1.60.
• Recommended: DCA for long-term investors, avoid short-term bottom catching.
🚀 To buy or hold ASTER anywhere in the world, contact @GlobalCryptosOfficial for assistance.
#ASTER #CryptoNews #DEX #DeFi #Binance #Web3 #GlobalCryptos #Investment
CHARLES SCHWAB (MANAGING $7.13 TRILLION): CLIENTS NOW HOLD ABOUT 20% OF ALL CRYPTO-RELATED PRODUCTS IN THE U.S.
🔹 Charles Schwab confirmed that the company is actively involved in both the crypto and private investment sectors.
🔹 Schwab offers products such as crypto ETFs, Bitcoin futures, and closed-end funds.
🔹 Schwab’s clients currently hold around 20% of all crypto-related tradable products in the U.S., indicating a strong level of participation.
🔹 Traffic to Schwab’s crypto platform has surged 90% over the past year, reflecting growing investor interest.
🔹 In the private investment space, Schwab partners with third-party managers like KKR and Apollo to provide exclusive opportunities for clients.
🔹 The company has also built a specialized alternative investment team to advise and help clients tailor strategies to their personal goals.
#CharlesSchwab #CryptoInvestment #BitcoinETF #CryptoAdoption #USMarkets #InstitutionalCrypto #InvestmentStrategy #GlobalFinance
🔹 Charles Schwab confirmed that the company is actively involved in both the crypto and private investment sectors.
🔹 Schwab offers products such as crypto ETFs, Bitcoin futures, and closed-end funds.
🔹 Schwab’s clients currently hold around 20% of all crypto-related tradable products in the U.S., indicating a strong level of participation.
🔹 Traffic to Schwab’s crypto platform has surged 90% over the past year, reflecting growing investor interest.
🔹 In the private investment space, Schwab partners with third-party managers like KKR and Apollo to provide exclusive opportunities for clients.
🔹 The company has also built a specialized alternative investment team to advise and help clients tailor strategies to their personal goals.
#CharlesSchwab #CryptoInvestment #BitcoinETF #CryptoAdoption #USMarkets #InstitutionalCrypto #InvestmentStrategy #GlobalFinance
Uniswap has officially added support for the Solana network on its web app, allowing users to connect their Solana wallets and trade SOL tokens directly on Uniswap.
All transactions will be routed through Jupiter, the largest DEX platform on Solana, which has recorded over $140 billion in trading volume over the past 30 days. This marks a major expansion for Uniswap, strengthening its connection to Solana’s rapidly growing ecosystem and simplifying the overall DeFi experience.
In the near future, Uniswap plans to add asset bridging, cross-chain trading, and Uniswap Wallet support for Solana.
Following this announcement, SOL’s price is expected to experience significant volatility.
If you’d like to buy SOL, please contact @GlobalCryptosOfficial.
All transactions will be routed through Jupiter, the largest DEX platform on Solana, which has recorded over $140 billion in trading volume over the past 30 days. This marks a major expansion for Uniswap, strengthening its connection to Solana’s rapidly growing ecosystem and simplifying the overall DeFi experience.
In the near future, Uniswap plans to add asset bridging, cross-chain trading, and Uniswap Wallet support for Solana.
Following this announcement, SOL’s price is expected to experience significant volatility.
If you’d like to buy SOL, please contact @GlobalCryptosOfficial.
❤3
🇺🇸 SEC CHAIR: “WE’RE 10 YEARS BEHIND” — PROMISES TO ACCELERATE CRYPTO REGULATION IN THE U.S.
🔹 SEC Chairman Paul Atkins admitted that the U.S. is a decade behind in establishing a clear regulatory framework for crypto, calling it the agency’s “number one mission.”
🔹 Speaking at the DC Fintech Week event hosted at Amazon HQ, Atkins said the SEC will shift from an enforcement-first approach to a collaborative and innovation-driven regulatory model.
🔹 The SEC plans to introduce an “Innovation Exemption” before the end of the year, allowing crypto companies to test new products without being constrained by heavy regulations.
🔹 Atkins emphasized that the SEC has broad authority to grant such exemptions and that the free market will determine which ideas succeed.
🔹 On tokenization, he highlighted that blockchain transparency is a “powerful tool” for enhancing compliance, and on-chain assets hold “tremendous potential” for the financial sector.
🔹 “We are no longer just the Securities and Exchange Commission,” Atkins said, “we are also the Innovation Commission.”
#CryptoNews #SEC #PaulAtkins #Blockchain #Tokenization #CryptoRegulation #Fintech #DCFintechWeek #Innovation #DigitalAssets #Web3 #DeFi #USCrypto
🔹 SEC Chairman Paul Atkins admitted that the U.S. is a decade behind in establishing a clear regulatory framework for crypto, calling it the agency’s “number one mission.”
🔹 Speaking at the DC Fintech Week event hosted at Amazon HQ, Atkins said the SEC will shift from an enforcement-first approach to a collaborative and innovation-driven regulatory model.
🔹 The SEC plans to introduce an “Innovation Exemption” before the end of the year, allowing crypto companies to test new products without being constrained by heavy regulations.
🔹 Atkins emphasized that the SEC has broad authority to grant such exemptions and that the free market will determine which ideas succeed.
🔹 On tokenization, he highlighted that blockchain transparency is a “powerful tool” for enhancing compliance, and on-chain assets hold “tremendous potential” for the financial sector.
🔹 “We are no longer just the Securities and Exchange Commission,” Atkins said, “we are also the Innovation Commission.”
#CryptoNews #SEC #PaulAtkins #Blockchain #Tokenization #CryptoRegulation #Fintech #DCFintechWeek #Innovation #DigitalAssets #Web3 #DeFi #USCrypto
Japan’s three largest banking groups — MUFG, SMFG, and Mizuho — are planning to issue a joint stablecoin.
🔸 The three banks will build a shared system for issuing and transferring stablecoins for corporate clients, initially pegged to the Japanese yen, with plans to expand to a USD-pegged version.
🔸 The project will operate on an interoperable infrastructure among banks, with unified technical and legal standards, aiming to digitize interbank payment processes.
🔸 MUFG previously launched the Progmat platform in 2023 to support tokenization and blockchain infrastructure for Japanese financial institutions.
🔸 Japan has recently eased regulations: JPYC has been licensed to issue a yen-pegged stablecoin, while SBI Holdings plans to distribute Ripple’s RLUSD stablecoin in Q1 2026, pending regulatory approval.
#JapanCrypto #Stablecoin #MUFG #SMFG #Mizuho #Ripple #SBIHoldings #JPYC #DigitalYen #BlockchainJapan #Fintech #CryptoNews
🔸 The three banks will build a shared system for issuing and transferring stablecoins for corporate clients, initially pegged to the Japanese yen, with plans to expand to a USD-pegged version.
🔸 The project will operate on an interoperable infrastructure among banks, with unified technical and legal standards, aiming to digitize interbank payment processes.
🔸 MUFG previously launched the Progmat platform in 2023 to support tokenization and blockchain infrastructure for Japanese financial institutions.
🔸 Japan has recently eased regulations: JPYC has been licensed to issue a yen-pegged stablecoin, while SBI Holdings plans to distribute Ripple’s RLUSD stablecoin in Q1 2026, pending regulatory approval.
#JapanCrypto #Stablecoin #MUFG #SMFG #Mizuho #Ripple #SBIHoldings #JPYC #DigitalYen #BlockchainJapan #Fintech #CryptoNews
Japan is preparing to ease regulations to allow banks to invest in and hold cryptocurrencies such as Bitcoin.
🔸 The Financial Services Agency (FSA) is expected to discuss revising its 2020 guidelines, which currently prohibit banks from holding crypto due to price volatility risks.
🔸 The goal is to classify crypto as a legitimate investment asset, similar to stocks and government bonds.
🔸 The FSA will establish capital and risk management standards before allowing banks to invest directly.
🔸 In addition, the agency is considering allowing banks to register as crypto exchanges and custodians, paving the way for them to offer direct crypto services.
🔸 Japan currently has over 12 million crypto accounts, a 3.5× increase compared to five years ago.
🔸 This move aligns with Japan’s broader effort to integrate crypto under the Financial Instruments and Exchange Act (FIEA) to enhance investor protection.
#JapanCrypto #Bitcoin #CryptoRegulation #FSAJapan #Blockchain #CryptoInvestment #DigitalAssets #Fintech #CryptoNews #BankingJapan #Web3 #CryptoAdoption
🔸 The Financial Services Agency (FSA) is expected to discuss revising its 2020 guidelines, which currently prohibit banks from holding crypto due to price volatility risks.
🔸 The goal is to classify crypto as a legitimate investment asset, similar to stocks and government bonds.
🔸 The FSA will establish capital and risk management standards before allowing banks to invest directly.
🔸 In addition, the agency is considering allowing banks to register as crypto exchanges and custodians, paving the way for them to offer direct crypto services.
🔸 Japan currently has over 12 million crypto accounts, a 3.5× increase compared to five years ago.
🔸 This move aligns with Japan’s broader effort to integrate crypto under the Financial Instruments and Exchange Act (FIEA) to enhance investor protection.
#JapanCrypto #Bitcoin #CryptoRegulation #FSAJapan #Blockchain #CryptoInvestment #DigitalAssets #Fintech #CryptoNews #BankingJapan #Web3 #CryptoAdoption
BLOCKCHAIN.COM PLANS TO GO PUBLIC VIA SPAC
🔸 Blockchain.com, a crypto exchange and digital wallet provider, allows users to buy, sell, and store Bitcoin, Ethereum, and various other digital assets.
🔸 The company is reportedly considering going public in the U.S. through a SPAC merger — a faster alternative to a traditional IPO by merging with an already-listed company.
🔸 The firm was last valued at around $7 billion following its most recent funding round.
#Blockchain #CryptoExchange #SPAC #IPO #Bitcoin #Ethereum #CryptoNews #BlockchainCom
🔸 Blockchain.com, a crypto exchange and digital wallet provider, allows users to buy, sell, and store Bitcoin, Ethereum, and various other digital assets.
🔸 The company is reportedly considering going public in the U.S. through a SPAC merger — a faster alternative to a traditional IPO by merging with an already-listed company.
🔸 The firm was last valued at around $7 billion following its most recent funding round.
#Blockchain #CryptoExchange #SPAC #IPO #Bitcoin #Ethereum #CryptoNews #BlockchainCom