Brian Quintenz says Cameron and Tyler Winklevoss sought assurances on enforcement actions before Gemini’s $3 billion public offering. Private texts raise questions about regulatory pressure Brian Quintenz, U.S. President Donald Trump’s nominee to chair the Commodity Futures Trading Commission (CFTC), has released a set of private text messages with Gemini co-founders Cameron and Tyler Winklevoss. The move came just hours before Gemini’s initial public offering, raising fresh concerns about the relationship between regulators and crypto firms. In the exchange, Tyler Winklevoss referenced Gemini’s civil case with the CFTC, which was settled in January with a $5 million fine. “The CFTC…
Author: Blockto Team
Regulators push back rulings on Solana, XRP, and Ethereum staking funds amid growing wave of crypto ETF proposals. SEC delays crypto ETF applications again The U.S. Securities and Exchange Commission (SEC) has once again delayed decisions on multiple cryptocurrency exchange-traded fund (ETF) proposals, including filings from BlackRock and Franklin Templeton. According to recent filings, Franklin’s Solana and XRP ETF proposals are now scheduled for a ruling on November 14, while its Ethereum staking amendment will be decided by November 13. BlackRock’s request to permit staking within the iShares Ethereum Trust has been pushed back to October 30, with regulators citing…
State Senator Keith Kelley cautions that the new federal stablecoin law could divert deposits away from community banks, threatening rural economies. Concerns grow over GENIUS Act impact on rural banking Alabama State Senator Keith Kelley has raised red flags about the GENIUS Act, a federal stablecoin law signed in July, warning it could harm local financial institutions. In an opinion piece this week, Kelley argued that the law contains a loophole that could devastate small banks, particularly in rural areas where access to credit is limited. “Unlike large banks, community banks depend on local deposits to fund their lending,” Kelley…
Bitwise CIO Matt Hougan says Solana is entering a setup similar to early Bitcoin and Ethereum rallies, with institutional buying and ETFs on the horizon. Solana (SOL) surged by nearly 4% in the past 24 hours, trading around $223.11 at press time. The move comes as buyers continue to build momentum, pushing the token closer to its key resistance zone near $225, highlighted in the latest daily chart. After a strong breakout from its descending channel in June, Solana has maintained an uptrend structure, supported by a rising trendline. The chart shows price defending multiple support zones, particularly in the…
Collaboration aims to combine blockchain tokenization with global trading infrastructure for next-generation investment solutions. Binance–Franklin Templeton partnership marks new phase in tokenization Binance, the world’s largest crypto exchange by trading volume, has entered into a strategic partnership with Franklin Templeton, a leading US asset manager and issuer of crypto ETFs, to push forward the tokenization of securities. The initiative seeks to bridge traditional finance with blockchain-powered global markets. “Our goal is to take tokenization from concept to practice for clients, achieving efficiencies in settlement, collateral management, and portfolio construction at scale,” said Roger Bayston, Franklin Templeton’s head of digital assets.…
LINK Holds Above $23 After Treasury Allocation and ETF Buzz Chainlink’s LINK is trading near $23.40, showing resilience but struggling to push beyond immediate resistance levels after a period of institutional-driven momentum. The token had rallied strongly following news that a Nasdaq-listed company added LINK to its treasury reserves and renewed attention surrounding ETF developments tied to digital assets. The chart highlights LINK’s surge from sub-$16 levels in August to a peak near $27, before entering a consolidation phase. Current price action is testing a key support zone around $22–$23, while overhead resistance remains firm at $25–$26. Earlier this year,…
Paxos has updated its proposal to issue USDH, the planned stablecoin for decentralized exchange Hyperliquid, adding strategic support from PayPal and new payment integrations with Venmo and Xoom. The move strengthens its competitive edge in the heated race to power Hyperliquid’s stablecoin ecosystem. PayPal Backs Hyperliquid with $20M Incentives In its latest announcement, Paxos revealed that PayPal has committed to supporting the Hyperliquid ecosystem. This includes: This collaboration could position USDH as one of the first stablecoins with mainstream payment integration, giving it a strong advantage over competing bids. Revenue Model Tied to Hyperliquid’s Growth Paxos also introduced a performance-based…
ETH Finds Stability Above $4,300 and Eyes Next Resistance Levels Ethereum has staged a recovery, trading near $4,423 after bouncing strongly from its $4,200 support zone. This rebound suggests renewed buying pressure as traders anticipate a potential push toward the $4,465 resistance level, highlighted in the chart. The 4-hour chart shows ETH consolidating within a sideways channel, supported by a well-defined green demand zone. After multiple tests of the $4,200 area, buyers successfully defended the level, establishing it as a critical short-term floor. “Ethereum’s ability to hold above $4,200 is a key bullish signal, especially after repeated retests,” According to BITX…
BTC Tests Resistance After Strong Bounce From $110K Zone Bitcoin is showing signs of recovery, trading near $114,144 after bouncing from the critical $110,000 support zone. The move comes as buyers defended a key level highlighted on the chart, reigniting bullish momentum despite broader market uncertainty. The daily chart indicates Bitcoin recently tested the $110,000–$112,000 support area (green zone), where strong buying interest emerged. This rebound pushed BTC back inside a descending channel pattern (orange trend lines), now targeting upper resistance levels. “The $110K floor remains crucial for Bitcoin’s medium-term structure, and bulls have so far succeeded in defending it,”…
US Securities and Exchange Commission (SEC) Chair Paul Atkins has unveiled Project Crypto, a sweeping initiative aimed at modernizing regulations for digital assets. In a landmark statement at the OECD Roundtable in Paris, Atkins said that “most crypto tokens are not securities,” signaling a major policy shift from the previous administration’s enforcement-heavy approach. Clear Rules Replace Ad Hoc Enforcement “It is a new day at the SEC,” Atkins told attendees, emphasizing that policy will no longer be set by ad hoc enforcement actions. Instead, he promised “clear, predictable rules of the road so that innovators can thrive in the United…
