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In brief Trump has tapped SEC Crypto Task Force Chief Counsel Mike Selig to lead the CFTC, signaling closer coordination on pro-crypto regulation, per Bloomberg. The pick is a victory for Tyler and Cameron Winklevoss, who pushed Trump to drop prior nominee Brian Quintenz after clashes over Gemini’s past CFTC case and other issues. Selig would oversee policymaking on crypto and prediction markets at a critical time for the understaffed agency. U.S. President Donald Trump has selected Securities and Exchange official Michael Selig as his latest nominee to lead the CFTC, according to a Friday Bloomberg report. Selig currently serves as…

With TechCrunch Disrupt 2025 less than 4 days away, we’re gearing up for an incredible three-day event packed with interactive sessions at Moscone West in San Francisco. Roundtable sessions return for another year with dynamic conversations led by top founders, investors, and operators — offering you a rare chance to engage directly with experts and attendees in small-group settings. Don’t miss your chance to pocket ticket savings and participate in these roundtables. Register now to lock in up to $444 in savings on your pass, plus 60% off your guest ticket before prices go up at the door. These savings…

Tom Lee says U.S. stocks can finish 2025 higher and crypto should rally into year-end after a sharp deleveraging, laying out his case during an interview Friday on CNBC’s “Closing Bell: Overtime.”Pressed by co-host Jon Fortt on whether the risk-on trade is back, Lee, who is the chairman of Bitmine Immersion Technologies (BMNR), as well as the head of research at Fundstrat Global Advisors and chief investment officer at Fundstrat Capital, noted he stayed bullish through the spring slump, reminding viewers Fundstrat’s year-end S&P 500 target was 6,600 at the April lows. With the index around 6,800 and roughly 10…

As a crypto investor, Hyperliquid review is one exchange that you don’t want to miss. Since its establishment in 2024, the exchange has quickly built a strong reputation in the trading community for its impressive volumes and fast-growing user base. The platform blends the speed and usability of centralized exchanges with the freedom of decentralization, giving traders a smooth and complete way to trade derivatives.In this Hyperliquid review, we’ll break down what it is, its standout features, trading fees, security measures, token ecosystem, and how it compares to top alternatives like dYdX and GMX.Hyperliquid Exchange Review: At a GlanceCrypto ExchangeHyperliquidLaunch…

The move follows what Trump called “political persecution” by the Biden administration. He framed the case as part of a broader battle over innovation, regulation, and fairness in digital finance. A Controversial Pardon Speaking at a press briefing, Trump said he “doesn’t know Changpeng Zhao and has never met him,” but decided to act after receiving “recommendations and support from many good people.” He emphasized that the case against CZ, who pleaded guilty to compliance violations in 2023, was “not a crime, but persecution.” The White House confirmed the pardon on Thursday, with Press Secretary Karoline Leavitt declining to comment…

Brad Garlinghouse recently outlined all significant acquisitions made by the company in recent years. Ripple has had a big year ever since 2024’s US presidential elections, when Donald Trump won his second victory to return to office in early 2025. Given his election campaign and the countless pro-crypto promises he made, including firing then-SEC Chair Gary Gensler, who led the war against the industry and Ripple in particular, it was evident that the winds would shift substantially, especially for US-based companies. The Brad Garlinghouse-led entity has been at the forefront of beneficieries, mostly since the tides at the SEC…

Are you an aspiring cryptocurrency trader looking for a secure and reputable exchange that rewards your first trade? If so, BloFin might be the perfect place to begin. By using the best BloFin referral code oqVRKd, new users can unlock up to 5,000 USDT in welcome bonuses and enjoy reduced trading fees. This exclusive promotion helps you lower initial costs and gain valuable perks as you start your crypto trading journey.In this guide, we’ll break down how BloFin’s bonus system works, explore its rewards and passive income opportunities, and walk you through the simple steps to claim your signup bonus.What…

Ripple completed its $1.25 billion acquisition of Hidden Road.The rebranded Ripple Prime has grown 3x since the deal was announced.RLUSD stablecoin is now used as collateral for prime brokerage products.Ripple, the developer of cryptocurrency XRP, just became the first crypto company to own a global prime broker.The firm completed its $1.25 billion acquisition of Hidden Road, a non-bank prime broker. The platform, now rebranded as Ripple Prime, will offer institutions clearing, prime brokerage, and financing across foreign exchange, digital assets, derivatives, swaps, and fixed income. Since Ripple first announced the deal back in April, Ripple Prime’s business has grown threefold,…

Federal Reserve Governor Christopher Waller proposed a new payment account on Oct. 21 that would grant stablecoin issuers and crypto firms direct access to Fed payment rails without full master account privileges.The announcement at the Fed’s inaugural Payments Innovation Conference marked a reversal from the central bank’s guarded stance toward digital asset firms.Waller described the concept as a “skinny” master account providing basic Fedwire and ACH connectivity while stripping out interest payments, overdraft facilities, and emergency lending. The new account creates a payments-only door that could reshape how stablecoin issuers settle dollar flows.The account would carry balance caps, pay no…

Ripple’s recent wave of high-profile acquisitions signals growing strength and ambition in bridging traditional finance with crypto.Yet concerns persist that Ripple’s reliance on XRP-linked financing exposes weaknesses in the company’s long-term financial sustainability and its ecosystem’s real utility.Sponsored Growth Outpaces Token UtilityRipple’s recent acquisitions, including Hidden Road and GTreasury, underline its accelerated push into traditional finance and its effort to expand financial infrastructure into corporate markets.However, Ripple’s growing footprint in traditional finance has reignited long-standing concerns about XRP’s utility and relevance. These newly acquired services primarily target institutional clients that rely on conventional financial instruments, leaving XRP with little to…