Author: James Wilson

The CFTC and SEC have asked the public to comment on how U.S. rules define swaps, security-based swaps, and related derivatives products.  Summary The agencies want feedback on swaps, security-based swaps, mixed swaps, and emerging derivatives products rules. CME says Kalshi’s crypto perpetual futures should be treated as swaps under Dodd-Frank law. The public comment request could shape crypto perps, prediction markets, and future jurisdiction lines nationwide. The joint request focuses on Title VII of the Dodd-Frank Act, the law that split parts of the swaps market between the two agencies. The request seeks input on swap exclusions, mixed swaps,…

Wealthsimple has secured approval to offer roughly 4,000 prediction market contracts in Canada, expanding retail access to event-based trading through a new partnership with Kalshi. According to Wealthsimple, the company plans to launch a standalone prediction markets platform called Wealthsimple… Source link

Morgan Stanley has updated its proposed Ethereum and Solana exchange-traded funds with a staking structure that would allow 95% of staking rewards to remain within the trusts while charging a 0.14% annual sponsor fee. Summary Morgan Stanley amended its Ethereum and Solana ETF filings to include staking and a 0.14% annual fee. The proposed structure would keep 95% of staking rewards inside the trusts, with 5% paid to service providers. Ethereum filing data shows a 3.64 million ETH validator queue, implying a staking activation wait of about 63 days. According to amended S-1 registration statements filed by Morgan Stanley, both…

Malta’s financial regulator has proposed a new legal category for decentralized autonomous organizations as part of a consultation on how decentralized finance could be regulated under the European Union’s crypto framework. Summary Malta’s MFSA has proposed a new “software-based organization” category that would include DAOs and other DeFi entities. The regulator said many DeFi projects may not qualify as fully decentralized under MiCA due to concentrated governance. The consultation comes as EU regulators review DeFi oversight ahead of MiCA’s July 1, 2026, enforcement deadline. According to a discussion paper published by the Malta Financial Services Authority on June 12, the…

Ireland has identified crypto assets as a “very significant” money laundering and terrorism financing risk and has committed to introducing industry standards governing crypto-related sources of funds by the second half of 2027. Summary Ireland has classified crypto assets as a major money laundering and terrorism financing risk in its latest assessment. Authorities plan to introduce new standards for crypto-related sources of funds by the second half of 2027. The report comes as regulators worldwide tighten oversight of digital asset firms and compliance controls. According to Ireland’s Department of Finance, the policy forms part of an implementation plan released alongside…

BNB has fallen nearly 5% as uncertainty surrounding Binance’s European regulatory status collides with a risk-off move across crypto markets ahead of the EU’s MiCA enforcement deadline. Summary BNB fell nearly 5% as uncertainty around Binance’s MiCA approval weighed on sentiment. Spot Bitcoin and Ethereum ETFs recorded fresh outflows as traders adjusted to a hawkish Fed outlook. Technical indicators place key support at $582-$585, with a breakdown risking a move toward $556. According to data from crypto.news, Binance Coin (BNB) dropped to around $576 on June 18 after reports suggested Binance’s path toward a Markets in Crypto-Assets license (MICA) remains…

SpaceX has explored a bond offering worth as much as $20 billion while its publicly traded shares have fallen more than 9%, trimming Elon Musk’s fortune by roughly $59 billion from recent highs. Summary SpaceX is considering a bond sale of up to $20 billion to refinance debt due in 2027. SPCX shares fell more than 9% intraday, while Elon Musk’s net worth dropped by $59 billion. Major Wall Street banks remain involved in the financing effort despite investor concerns over leverage. Bloomberg reported, citing people familiar with the matter, that SpaceX and its banking partners are preparing investor discussions…

Peter Schiff has accused Michael Saylor of misleading investors in Strategy’s STRC preferred stock, as the security has fallen roughly 15% below its $100 par value. Summary Peter Schiff claimed STRC investors may have legal grounds against Michael Saylor if risks were not properly disclosed. STRC fell to a record low of $82.53, intensifying concerns over Strategy’s dividend obligations and funding model. QCP warned Strategy’s liquidity may support dividends for only 7.5 months, while insider sales added to investor scrutiny. In a series of X posts on June 18, the longtime Bitcoin critic argued that some retirees and income-focused investors…

Lite Strategy has invested $1 million in Litecoin Layer-2 developer ZK Innovations, extending its involvement beyond LTC accumulation and into infrastructure tied to the cryptocurrency’s future development. Summary Lite Strategy invested $1 million in LitVM, a Layer-2 project bringing smart contracts to Litecoin. The deal gives Lite Strategy governance rights and potential exposure to future LitVM tokens. Santiment data showed Litecoin whale wallets rising despite weak transaction activity and recent price declines. According to Lite Strategy, the funding gives the Nasdaq-listed company governance participation rights in the project and the opportunity to acquire a portion of LitVM’s future network tokens.…

Bitcoin has fallen nearly 3% toward $63,000 after stronger-than-expected U.S. labor market data reinforced the Federal Reserve’s hawkish outlook and reduced expectations for short-term rate cuts. Summary Bitcoin fell nearly 3% to $63,282 as strong U.S. jobs data reinforced the Fed’s hawkish outlook. Technical indicators turned bearish after BTC broke below an ascending channel and key Fibonacci support. Analysts warn a loss of the $62,400 support zone could trigger a retest of June lows near $59,000. According to U.S. Department of Labor data, initial jobless claims fell to 226,000 for the week ended June 13, down from a revised 230,000…