The Block
Quick Take The agency, tasked with overseeing consumer financial markets, wrapped up its rule on Thursday. Notably, the CFPB said it narrowed its scope to “only transactions conducted in U.S. dollars.”
Quick Take Truemarket raised $4.03 million from the sale of 15,071 NFTs, which cost 0.08 ETH ($250) to mint. Ethereum co-founder Vitalik Buterin purchased 400 of these NFTs for 32 ETH, or about $107,000. Truemarkets’s sold-out NFT sale follows the success of Polymarket, suggesting continued retail investor interest in decentralized prediction platforms.
Quick Take Australian Federal Police seized $6.4 million in cryptocurrency following an investigation into the alleged mastermind behind the encrypted messaging platform Ghost. The AFP-led Criminal Assets Confiscation Taskforce deciphered the suspect’s seed phrases from hardware wallet devices found at his home.
Quick Take Leaders from Ripple, Kraken, a16z, Paradigm and other crypto firms are competing for a Crypto Advisory Council spot in Trump’s White House. The council would help guide digital asset policy and collaborate with the legislative branch on crypto regulation, among other oversights.
Quick Take U.S. spot bitcoin ETFs recorded $242.53 million in net outflows on Tuesday. Bitcoin fell 3.47% to trade at $61,446. Ether slid 5.89% to change hands at $2,480.
Quick Take SEC Chair Gary Gensler will step down on Jan. 20, 2025, coinciding with the start of President-elect Donald Trump’s term, according to a statement released by the agency on Thursday. The SEC is now “engaging” with applicants on spot Solana ETFs, Fox News reporter Eleanor Terrett first reported, citing two people familiar with the matter, and confirmed by The Block with a source at one issuer. U.S. spot Bitcoin ETFs surpassed $100 billion in combined assets under management on Wednesday — represe
Quick Take If Giancarlo secures the position, he would be the first “crypto czar” in the White House. Giancarlo led the U.S. Commodity Futures and Trading Commission from March 2017 to April 2019, where he oversaw the launch of the first bitcoin futures products.
Quick Take A Texas court has order the U.S. Securities and Exchange Commission to throw out a controversial rule that broadly redefined the term “dealer” in a move that impacted both crypto-focused and traditional finance firms. The Blockchain Association and Crypto Freedom Alliance of Texas lodged a lawsuit against the agency in April, the month the expanded rule took effect.
Quick Take The platform would be used for trading digital assets and other payment processing services, according to the filing. The application was filed the same day a report broke that Trump Media & Technology Group was in “advanced talks” to acquire Bakkt.
Quick Take Dogecoin has set a 24-hour perpetual futures trading volume record on Kraken, surpassing Ethereum futures volumes for the first time, an analyst said. XRP’s rising institutional interest is driving diversification strategies, with WisdomTree launching an XRP ETP to capitalize on growing altcoin adoption.
