🔴 TD Cowen says a Democratic sweep of Congress closes the door on crypto market structure legislation like the CLARITY Act for two years. 🏛️ Analyst Jaret Seiberg said the bill expires on January 3 unless the outgoing session revives it, while the SEC and CFTC can continue acting on crypto, prediction markets, and perps without Congress.
How would a stalled U.S. market structure bill change the way you handle compliance in your P2P or trading work? 👇
🔴 Democrats won the House and Senate on Tuesday, according to the Associated Press. 🏛️ The CLARITY market structure bill expires if it isn’t passed by January 3, and Warren and Waters will lead the banking committees. The GENIUS Act takes effect on January 18. Bitcoin traded near $78,300 on Wednesday after falling to $75,618.
How would a slower path for U.S. crypto legislation change the way you run your P2P business? 👇
🟠 A group backed by Cboe and Citadel Securities has sued the CFTC over its decision to allow perpetual futures on U.S. stocks. ⚖️ The plaintiffs argue that these contracts fall under the SEC’s jurisdiction, not the CFTC’s rules. The case puts the boundary between the two regulators in the spotlight for stock-linked derivatives.
Does a jurisdictional battle between the SEC and the CFTC change how you view stock-linked perpetual products? 👇
🟠 U.S. regulators are opening the door to perpetual futures based on stocks, according to CoinTelegraph. 🏛️ The CFTC’s authorization brings a popular crypto contract style to traditional markets amid ongoing legal disputes. Details about the terms and which exchanges will list them were not available in the source.
Does bringing perpetual-style contracts to equity markets change how you think about access to derivatives? Share your thoughts. 👇
🔴 Binance says its $6.34 billion hack began with a fake job interview. 🔍 The report describes a five-month campaign: a tampered installer in June, a fake recruitment process in September, and a drain on October 29. Binance says it froze or intercepted approximately $2.85 billion and replenished 98% of the affected tokens. The FBI attributes the attack to North Korea, which denies it.
Has this report changed how your team verifies job offers or software downloads? 👇
🟠 The CFTC says perpetual futures on individual stocks can now be listed on regulated U.S. exchanges. 🏛️ They were deemed approved security futures products, but exchanges need registrations with both the CFTC and the SEC. No exchange, contract, or launch date has been named, and CME’s lawsuit over the earlier approval of Kalshi’s perp is still pending.
Does access to regulated perpetual futures on U.S. stocks change how you think about offshore versus onshore derivatives markets? 👇
🔴 BlackRock isn't selling Bitcoin. Its clients are. 🔍 IBIT recorded net outflows of $405.3 million on November 2, its largest since June 26, according to Farside. Redemptions cause the fund to release coins, and total U.S. spot Bitcoin ETF flows were negative at $398.6 million, with only Fidelity's FBTC seeing inflows.
Do ETF flow reports influence how you set your P2P prices or manage your inventory? 👇
🟠 Binance has restored withdrawals for dozens more tokens on Ethereum and Solana ⚡ The move is part of a phased reopening following the $6.3 billion hack on October 29, as outlined in the exchange’s recovery announcement on November 3. Users and P2P traders moving funds on these networks are directly affected.
Have the reopened Ethereum and Solana withdrawals changed how you move funds or manage your P2P orders? 👇
🟠 Bitcoin entered November right at $76,000, the average cost basis for short-term holders. According to BeInCrypto and Glassnode, a Binance hack pushed it to a six-week low of $76,275, triggered $1.58B in liquidations, and October closed down 7%. Users withdrew approximately $2B in three hours after withdrawals reopened on November 1. ⚡
Did the Binance hack and late-October volatility change how you manage your exchange balances or the size of your P2P orders? 👇
🔴 Mercado Bitcoin, a Brazilian exchange, has paused deposits and withdrawals after wallets were drained across at least 10 chains, with approximately $40 million taken, according to CoinDesk. 🔍 This comes days after Binance’s reported $6.3 billion hack, though no link between the two has been established. Users in Brazil cannot move funds while the pause remains in effect.
If your local exchange froze withdrawals, how would that change the way you handle P2P settlement? 👇
🔴 Binance recorded $3.64 billion in net outflows during the first nine and a half hours after reopening withdrawals, or 2.1% of its assets. 🔍 Decrypt’s headline also reports that the FBI blamed North Korea for a $6 billion hack of the platform. No further details were included in the available excerpt.
If you use Binance for P2P, how did the reopening of withdrawals affect your workflow? 👇
🟠 Binance reports $5.8 billion in net outflows after some services resumed following a record-breaking hack 🔍. The exchange says withdrawals surged when services resumed, but have since slowed. It compares the figure with approximately $171 billion in customer assets, describing the outflows as a fraction of the total.
Has the pace of withdrawals on Binance affected how you manage your balances or P2P orders? 👇
🔴 Bitcoin ETFs recorded $643.2 million in outflows on Friday, the first full trading session after Binance’s reported $6.4 billion hack, according to Decrypt. 👀 October ended with approximately $516 million in net outflows for the funds, putting the exchange breach and ETF flows in the same context.
Has the Binance hack changed how you manage custody or keep funds on exchanges? 👇