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Kristin N. Johnson , who is stepping down from her role as a commissioner at the Commodity Futures Trading Commission (CFTC), used her final public appearance to raise concerns about the risks retail users face when participating in prediction markets .

ChatGPT maker OpenAI is scheduled to start producing its first AI chip in 2026 in a partnership with semiconductor firm Broadcom, although it will not be sold externally. The initiative is reportedly to keep up with the rising demand for computing power and market control, as opposed to mere expansion. Both OpenAI and Broadcom have not officially commented on the matter, although an article by Financial Times citing people familiar with the issue indicates the chip will be ready by next year. The internal chip will reduce overreliance on Nvidia For OpenAI , producing hardware is a leap, as training and running large language models eats through computing power and cash at an astonishing rate. Chipmaking giant Nvidia has until now largely held the majority of the market, with GPUs that power billions of queries. However, relying on a single supplier is not wise as prices are high and supply can tighten without warning. Ultimately, the leverage lies with the chipmaker, not the user. Sources familiar with the matter told the Financial Times that the chip will be used internally by OpenAI and will not be offered to external customers. Last year, it was reported that OpenAI had begun scouting alternatives. Broadcom CEO Hock Tan said on Thursday that the company expects artificial intelligence revenue growth for fiscal 2026 to “improve significantly”, after securing more than $10 billion in AI infrastructure orders from a newn unnamed customer. Its share price jumped 4% in response to the news. A new prospect placed a firm order last quarter, making it into a qualified customer, Tan said on an earnings call. Tan further suggested four other companies are in advanced discussions to design their own chips alongside Broadcom. The aim is familiar across the sector, to reduce reliance on Nvidia, cut costs, and optimise for in-house workloads. But while the goal is simple, the path is not. OpenAI joins growing industry trend OpenAI joined the bandwagon a bit late and has lagged behind its industry peers like Google, which already has its Tensor Processing Units while Amazon has its Graviton and Trainium processors. Social media giant Meta has also pushed ahead with proprietary AI chips. Designing, testing, and manufacturing silicon is expensive, technically demanding, and risky. Even the biggest tech firms have stumbled. For OpenAI, a software company at heart, the challenge is steep. Sources say OpenAI will finalize its chip design soon and hand it off to TSMC for fabrication. If all goes according to plan, the chip could shift the company’s economics: lower running costs, faster experimentation cycles, and tighter control over infrastructure. Yet questions remain. Will the chips remain internal forever, or could OpenAI one day join the ranks of Google and Amazon in selling AI-specific hardware? ChatGPT, DALL·E, and other internal systems are likely to be the first users. Such a partnership exposes a broader truth that AI is not just about clever algorithms or datasets as the hardware, the engines behind the models, are equally crucial. Whoever controls it wields influence over the pace of innovation. Analysts compare it to the early oil booms; chips are the fuel, and control over supply chains determines who wins. In that sense, OpenAI’s decision is as much about power and strategy as it is about technology. The industry is evolving quickly. The ones who can design, build, and run their own silicon will have an edge, not just in cost but in speed, flexibility, and innovation. OpenAI’s Broadcom partnership may be messy, risky, and ambitious, but it could mark the beginning of a new phase: software companies taking the reins of the hardware that makes their AI dreams real. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites

President Vladimir Putin has dismissed sentiments from Russia’s most prominent banker that the country’s economy is slipping into stagnation. He defended the central bank’s high interest rate policy, claiming it would control inflation amid rising costs. Herman Gref, chief executive of state-owned Sberbank PJSC, warned on Thursday that Russia’s economy had entered a “technical recession” in the second quarter. He told the Eastern Economic Forum in Vladivostok that data from July and August showed “quite clear symptoms that we are approaching zero growth.” When asked at the forum on Friday if he shared the banker’s assessment, Putin’s response was “No.” The Russian head of state admitted that some officials within the government raised similar points to Gref, but insisted that the central bank’s restrictive stance was necessary to avoid a surge in inflation. “We need to ensure a soft calm landing of the economy,” Putin told the local press earlier today. Interest rates clock highs, but inflation is steady Gref, who leads Russia’s largest lender, asked policymakers to slash borrowing costs, arguing that high interest rates were suffocating businesses and households. “Given the current level of inflation, recovery can only be expected when the rate is at 12% or lower,” he asserted. Sberbank’s internal forecasts predicted the benchmark rate would average around 14% by the end of the year, which, according to the banker, is still too high for businesses to grow. Last September, the Russian central bank raised its key rate to 21%, the highest in two decades, as inflation accelerated on the back of war spending and supply shortages. Per Trading Economics data , Russia’s annual inflation eased to 8.8% from 9.4% in June, the lowest level since October 2024. While policymakers have since reduced borrowing rates to 18%, they are more reluctant to make steeper cuts. Officials say military expenditures and state spending are threatening to bump inflation up. Putin supports Bank of Russia decisions, but ministers are doubtful Putin has stood behind Central Bank Governor Elvira Nabiullina despite the discontent of several industrialists and politicians. The Kremlin sees inflation as riskier than stagnation, with the president warning economists that unchecked price growth would harm ordinary Russians more severely than slower output. “Some believe that hypothermia has already come, but lending has not stopped,” Putin said on Friday. “The pace has slowed down, I know, in some industries, the situation is not easy,” he added Members of his cabinet, like Economic Development Minister Maxim Reshetnikov are saying the economy was “cooling down faster than expected,” which could mean revised forecasts would be submitted soon. Finance Minister Anton Siluanov told Putin last week that next year’s growth projections had been cut to 1.5% from 2.5%, with some internal estimates closer to 1.2%. And according to independent analysts looking at the data, the Kremlin is running out of room to maneuver. Fighting for oil revenues inside the war Politico reported this week that Ukrainian drone strikes have been targeting Russian oil storage and pumping facilities, causing domestic shortages and undermining output. The barrage of attacks has compounded the impact of falling global crude prices, leaving Moscow’s most important industry under siege. “For the Kremlin, a brief period of low growth is tolerable, though combined with lower oil prices, it would reduce fiscal revenues,” Kolyandr continued, “On the other hand, if the government doesn’t reduce fiscal support, there’s a risk high inflation will return.” Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites

Oil prices dropped again on Friday. That makes three days straight. And now, for the first time in three weeks, the market’s facing a clear weekly loss. Brent crude fell by $0.35 to $66.64 a barrel by 08:10 GMT. U.S. West Texas Intermediate slipped $0.33 to $63.15. Each was down 0.5% on the day. For the week, Brent is down 2.2% and WTI dropped 1.3%. The losses followed news that U.S. crude stockpiles rose by 2.4 million barrels last week. Analysts had predicted a draw. This surprise increase in inventories raised fresh concerns about slowing demand. At the same time, supply expectations are growing louder. OPEC+, which includes Russia and Saudi Arabia, plans to meet on Sunday. Eight members are now talking about raising output. OPEC+ plans fresh supply before schedule OPEC+ already controls nearly half the global oil output. Now they’re thinking of ending a second layer of supply cuts over a year early. The proposed boost is 1.65 million barrels per day, which equals 1.6% of world demand. It’s a big move and would flood the market with more barrels at a time when demand is looking soft. “There are increasing stories and signs of a future where feedstock supply is unlikely to be a problem,” said John Evans of PVM, a brokerage. Translation: there’s no shortage of oil coming. Downstream strength had been helping prices stay supported, according to BMI analysts, but they warned this support may fade. Refining margins could weaken as refiners start maintenance and global demand slows in the coming months. Meanwhile, Donald Trump stirred the pot on Thursday. The former U.S. president told European leaders to stop buying Russian oil, according to a White House official. That kind of political interference always adds risk. Any cut in Russian exports, or even just the fear of one, could spike global oil prices again. Gold breaks away while Treasuries stall While oil is struggling, gold is exploding. Investors are pouring into the yellow metal as fears around inflation, central bank policy, and government debt hit hard. Treasuries, normally the safe-haven asset, are starting to look shaky. “Gold is the new safety,” one analyst put it. Central banks are clearly thinking the same way. Global reserve portfolios used to be full of U.S. Treasuries. Now those same banks are stacking gold instead. That shift is massive. Treasuries have been “treading water,” while central banks’ gold reserves are ballooning. The price of gold hit a new high this week, and long-term bond yields reached levels not seen in years, some never before. The divergence isn’t random. There are four big reasons: inflation, fiscal trouble in the U.S., weakened trust in the Fed, and global political stress. All of them hit confidence hard. Currencies felt the pressure too. On Thursday, the British pound dropped 1.24%, hitting its lowest point in over three weeks at $1.3375. The Japanese yen fell to 148.40 per dollar, its weakest level since August 1. That was a 0.84% slide. The euro didn’t escape either. It fell 0.61%, landing at $1.1637. Traders are now betting on a rate cut in 12 days, hoping it might calm the storm. Until then, volatility is the name of the game. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage

BitcoinWorld Kazakhstan Tenge: BofA Reveals Staggering Undervaluation in USD/KZT Forecast In the dynamic world of global finance, where digital assets often grab headlines, traditional currency markets continue to offer crucial insights into economic health and investment opportunities. For savvy investors, understanding these macro shifts is paramount, as they often create ripple effects that touch even the burgeoning cryptocurrency landscape. Today, we turn our gaze to Central Asia, where a significant revelation from Bank of America (BofA) has cast a spotlight on the Kazakhstan Tenge (KZT). BofA’s recent analysis suggests that the KZT is not just undervalued, but profoundly so, against the US Dollar. This isn’t just a technical detail for forex traders; it’s a potential indicator of a market mispricing with implications for anyone tracking global economic stability and emerging market potential. The Enigma of the Kazakhstan Tenge (KZT): Why BofA Sounds the Alarm Bank of America’s assessment of the Kazakhstan Tenge as significantly undervalued isn’t a casual observation; it’s the result of rigorous macroeconomic modeling and comparative analysis. At the heart of their argument lies the concept of Purchasing Power Parity (PPP) and the Real Effective Exchange Rate (REER). These economic benchmarks help determine a currency’s ‘fair value’ by comparing the prices of a standard basket of goods and services across different countries, adjusted for inflation and trade flows. According to BofA, the KZT’s current market exchange rate deviates substantially from its calculated fair value, suggesting that the currency is trading below what its underlying economic fundamentals would dictate. This undervaluation, they argue, is not merely marginal but represents a considerable discount. Such a discrepancy often signals either deeply entrenched structural issues or a market oversight that could correct over time. For investors, this creates a fascinating paradox: a robust economy with a seemingly weak currency. What specific metrics does BofA highlight? They likely point to Kazakhstan’s substantial natural resource wealth, particularly oil and gas, which historically should provide a strong backing for its currency. Furthermore, the nation’s consistent current account surpluses, driven by its export-oriented economy, typically lend support to a stronger exchange rate. However, external pressures, domestic policy choices, and investor sentiment can often override these fundamental strengths, leading to the kind of undervaluation BofA has identified. This situation presents both a challenge to the National Bank of Kazakhstan and a potential opportunity for long-term value investors. Unpacking the USD KZT Forecast: What Drives the Undervaluation? To truly understand BofA’s stance and the implications for the USD KZT forecast , we must delve into the multifaceted factors contributing to this persistent undervaluation. Currency valuations are complex, influenced by a delicate interplay of domestic and international forces. Here are some key drivers often cited: Oil Price Volatility: Kazakhstan is a major oil exporter. While high oil prices generally boost the KZT, significant fluctuations or prolonged periods of low prices can weaken the currency, as it impacts export revenues and government coffers. The market’s perception of future oil prices can also influence current KZT sentiment. Monetary Policy and Inflation: The National Bank of Kazakhstan’s (NBK) monetary policy decisions, particularly interest rate settings, play a crucial role. If inflation remains stubbornly high, and real interest rates are low or negative, it can erode the KZT’s purchasing power and deter foreign investment. Conversely, aggressive rate hikes to combat inflation could support the currency, but at the risk of slowing economic growth. Fiscal Policy and Government Spending: Government spending patterns and budget deficits can also exert pressure. Large fiscal expenditures, especially if not financed sustainably, can lead to increased money supply or borrowing, potentially devaluing the currency. Capital Outflows and Investor Sentiment: Geopolitical uncertainties, regional instability, or a perceived lack of transparency can trigger capital outflows, as both domestic and foreign investors seek safer havens. This ‘flight to quality’ directly weakens the KZT. Negative sentiment, even if not fully justified by fundamentals, can become a self-fulfilling prophecy. Dominance of the US Dollar: In many emerging markets, the US Dollar acts as a benchmark and a safe-haven asset. Global dollar strength, driven by factors like US interest rate hikes or economic uncertainty elsewhere, can naturally put pressure on currencies like the KZT, even if their domestic fundamentals are sound. A simple table can illustrate some of these drivers: Factor Impact on KZT Explanation Oil Prices High: Strengthens Low: Weakens Major export revenue for Kazakhstan. Inflation Weakens Erodes purchasing power, deters investment. Interest Rates (NBK) High: Strengthens Low: Weakens Influences capital flows and domestic savings. Capital Outflows Weakens Investors move funds out of the country. Global USD Strength Weakens US Dollar acts as a global safe haven. Understanding these drivers is critical for any nuanced USD KZT forecast , as a shift in any one of these areas could trigger a significant revaluation. Peering into the Kazakhstan Economy: Beyond Oil and Gas To fully grasp the KZT’s valuation, one must look beyond the immediate currency fluctuations and examine the underlying health and structure of the Kazakhstan economy . Often perceived primarily as an oil-rich nation, Kazakhstan is in fact a country with significant economic diversification efforts underway, though challenges persist. Kazakhstan boasts the largest economy in Central Asia, characterized by its vast natural resources. Beyond oil and gas, it is a significant producer of uranium, chromium, lead, zinc, and coal. Its agricultural sector, particularly grain production, is also substantial. These resource endowments provide a robust foundation, generating significant export revenues and contributing to a healthy trade balance. However, the government recognizes the risks associated with over-reliance on commodities. Efforts towards economic diversification include: Developing Manufacturing: Investing in sectors like machinery, chemicals, and food processing to reduce import dependence and create higher-value jobs. Boosting Transit Potential: Leveraging its strategic geographical position between Europe and Asia to become a major transit hub, particularly for rail and road freight, as part of initiatives like the Belt and Road Initiative. Digital Transformation: Promoting technological innovation and the digital economy, including fintech and IT services, to modernize the economy and attract foreign direct investment (FDI) in non-resource sectors. Despite these efforts, the economy faces headwinds. Inflation has been a persistent concern, often exacerbated by global supply chain issues and domestic demand pressures. Furthermore, while FDI has been significant, attracting investment outside the traditional resource sectors remains a priority. Geopolitical developments in the broader region can also impact investor confidence and trade routes, adding layers of complexity to the nation’s economic stability. The resilience and future trajectory of the Kazakhstan economy are intrinsically linked to its ability to successfully navigate these challenges and accelerate its diversification agenda, which in turn will influence the long-term strength and stability of the Tenge. Navigating the Tenge Undervaluation: Challenges and Opportunities The persistent Tenge undervaluation , as highlighted by BofA, presents a dual-edged sword for various stakeholders. While it poses certain challenges, it also unlocks unique opportunities for astute investors and businesses. Challenges of an Undervalued Tenge: Inflationary Pressures: A weaker Tenge makes imports more expensive, contributing to imported inflation. This can erode the purchasing power of Kazakh citizens and increase the cost of doing business for companies reliant on foreign goods or components. Reduced Foreign Investment Appeal (for some): While a cheaper currency can make exports more competitive, it can also signal economic instability or a lack of confidence, deterring certain types of long-term foreign direct investment, especially those not tied to natural resources. Capital Flight Risk: If domestic investors perceive the Tenge as continuously losing value, they might seek to convert their savings into more stable foreign currencies or assets, exacerbating capital outflows. Policy Dilemmas for the National Bank: The NBK faces a tough balancing act. Intervening to strengthen the Tenge can deplete foreign exchange reserves. Raising interest rates to attract capital can slow economic growth. Opportunities Arising from Tenge Undervaluation: Export Competitiveness: A cheaper Tenge makes Kazakh exports more attractive on the global market, potentially boosting demand for its commodities and non-resource goods. This can lead to higher export volumes and revenue for local businesses. Attractive for Foreign Investors (Cost Perspective): For foreign entities looking to invest in Kazakhstan, particularly in manufacturing, real estate, or tourism, the undervalued Tenge means their foreign currency goes further, reducing the cost of entry and operational expenses. Tourism Boost: Foreign tourists find Kazakhstan a more affordable destination, potentially increasing visitor numbers and revenue for the hospitality sector. Potential for Appreciation: For long-term investors, an undervalued asset presents an opportunity for capital appreciation. If the market eventually corrects and the Tenge moves towards its fair value, early investors could see significant returns. This is the core of BofA’s implied thesis. Strategic Acquisitions: Foreign companies might find Kazakh assets, including businesses and properties, more affordable for acquisition, leading to increased M&A activity. Understanding these dynamics is key to navigating the current market conditions. For those with a long-term horizon and a tolerance for emerging market risks, the current Tenge undervaluation could indeed represent a compelling entry point. Strategic Insights for the Forex Market Outlook: What Lies Ahead? Given BofA’s compelling analysis, what does this mean for the broader Forex market outlook , particularly concerning the KZT? The path forward for the Kazakhstan Tenge will be shaped by a confluence of domestic policy actions, global economic trends, and geopolitical developments. Investors and analysts are closely watching for several potential catalysts that could influence its trajectory. Potential Catalysts for KZT Appreciation: Sustained Higher Oil Prices: A prolonged period of elevated global oil prices would significantly boost Kazakhstan’s export revenues, strengthening its current account and providing a natural tailwind for the KZT. Decisive Monetary Policy Action: If the National Bank of Kazakhstan implements strong, credible monetary policies to anchor inflation expectations and ensure positive real interest rates, it could attract capital and bolster confidence in the Tenge. Accelerated Economic Diversification: Concrete progress in reducing reliance on commodities and expanding non-resource sectors could improve the long-term structural health of the economy, making the KZT less vulnerable to commodity price swings. Increased Foreign Direct Investment (FDI): Significant inflows of FDI into non-resource sectors would signal growing international confidence in Kazakhstan’s economic future, providing direct demand for the Tenge. Improved Geopolitical Stability: A more stable regional and global geopolitical environment would reduce risk aversion, encouraging capital flows into emerging markets like Kazakhstan. Key Risks to Monitor: Global Economic Slowdown: A significant global recession could dampen demand for commodities, including oil, putting renewed pressure on the KZT. Persistent Inflation: If inflation remains high despite NBK efforts, it could continue to erode the Tenge’s value and deter investment. Geopolitical Shocks: Any escalation of conflicts or new political instabilities in the region could trigger capital flight and weaken the currency. Policy Missteps: Inconsistent or unpredictable economic policies from the government or central bank could undermine investor confidence. For those tracking the Forex market outlook , particularly within emerging economies, the KZT represents a fascinating case study. Its current undervaluation suggests a potential for significant upside, but this is tempered by the inherent volatility and risks associated with commodity-dependent economies and geopolitical sensitivities. Active monitoring of these factors will be crucial for informed decision-making. The Global Ripple Effect: How KZT Impacts Broader Markets While the focus has been on the specifics of the Kazakhstan Tenge , it’s important to remember that no currency exists in isolation. The performance and valuation of the KZT, like any emerging market currency, can have broader implications, subtly influencing global financial flows and investor sentiment across various asset classes, including potentially indirectly, the cryptocurrency market. Emerging markets are interconnected. A significant undervaluation in one major emerging economy, especially one with strategic geopolitical importance and vast resources like Kazakhstan, can send signals across the board. If the KZT’s undervaluation is indeed due to fundamental mispricing, its eventual correction could: Shift Capital Flows: A strengthening KZT could attract capital from other emerging markets, or even from developed markets seeking higher returns, potentially influencing the performance of other currencies and asset classes. Impact Commodity Markets: As a major commodity exporter, a stronger KZT (or the factors that lead to it, such as higher oil demand) can reflect broader trends in commodity markets, which in turn affect inflation expectations and central bank policies globally. Influence Risk Appetite: A successful revaluation of the KZT, driven by sound economic policies and stability, could boost overall investor confidence in emerging markets. Conversely, continued weakness could dampen it. This risk appetite is a key driver for all ‘risk-on’ assets, including cryptocurrencies, which often perform better in periods of higher global liquidity and confidence. Trade Dynamics: Changes in the KZT’s value affect Kazakhstan’s trade partners. A cheaper Tenge makes Kazakh goods more competitive, potentially impacting the trade balances of countries that import from or export to Kazakhstan. While direct correlation between the KZT and Bitcoin might not be immediately apparent, the underlying macroeconomic forces that influence currency valuations—such as inflation, interest rates, capital flows, and geopolitical stability—are precisely the same forces that shape the broader investment climate for all assets, including digital ones. A stable, fairly valued Kazakhstan Tenge within a robust Kazakhstan economy contributes to a more predictable global economic environment, which generally benefits all asset classes by reducing systemic risk and fostering confidence. Conclusion: Unlocking the Potential of the Undervalued Tenge Bank of America’s assessment of the Kazakhstan Tenge as significantly undervalued presents a compelling narrative for the global financial community. It highlights a potential discrepancy between market pricing and underlying economic fundamentals, suggesting that the KZT holds considerable latent value. While the road to fair valuation is fraught with challenges—ranging from oil price volatility and inflation to geopolitical uncertainties—the opportunities for strategic investors are equally profound. Kazakhstan’s ongoing efforts to diversify its economy, coupled with prudent monetary and fiscal policies, will be crucial in unlocking the Tenge’s true potential. For those monitoring emerging markets, the KZT offers a fascinating case study of an economy striving for stability and growth amidst global complexities. Its eventual revaluation could serve as a testament to the power of economic reforms and the resilience of its national economy, offering substantial returns for those who identify its value early. To learn more about the latest Forex market trends, explore our article on key developments shaping currency valuations and global liquidity. This post Kazakhstan Tenge: BofA Reveals Staggering Undervaluation in USD/KZT Forecast first appeared on BitcoinWorld and is written by Editorial Team

Jake Claver, a financial expert, recently described XRP’s evolving role in global markets in terms that point to a pivotal moment for the digital asset. Jake noted that XRP critics have “not much ground left to stand on” and emphasized that Ripple is no longer just a payments-focused company. According to Claver, XRP and the XRP Ledger are now central to the wider shift toward tokenized finance , with billions already flowing across the network. He added that banks are watching developments closely and that “the serious capital hasn’t even entered the chat yet.” He concluded that the next phase for XRP “will be one for the books.” Claver’s comments come at a time when regulatory and institutional factors are aligning in ways that could significantly impact XRP’s market trajectory. The XRP critics don’t have much ground left to stand on Ripple isn’t just a payments anymore and they're right in the middle of global tokenized finance Billions are already flowing across the XRPL, XRP ETFs are lining up for what could be some serious inflows, and yes…the… — Jake Claver, QFOP (@beyond_broke) September 3, 2025 The ETF Landscape Interest in XRP exchange-traded funds (ETFs) has surged throughout 2025. As of September, more than 15 applications for XRP-focused ETFs are pending with the U.S. Securities and Exchange Commission (SEC). Issuers include Grayscale, Bitwise, 21Shares, WisdomTree, and Franklin Templeton. The SEC faces key deadlines this fall. Several of the major applications, including those from Grayscale, Bitwise, 21Shares, and WisdomTree, are due for final decisions in October . Franklin Templeton’s deadline follows in November. Bloomberg analysts have placed odds of 95% on approval , and market observers are preparing for massive inflows, with Canary Capital’s CEO recently predicting inflows of $5 billion in the first month . Regulatory Alignment The regulatory environment has also shifted in a way that supports ETF prospects. On September 2, staff from the SEC and the Commodity Futures Trading Commission (CFTC) released a joint statement clarifying that registered exchanges under both agencies are not prohibited from listing certain spot crypto commodity products. This includes offerings that use leverage, margin, or financing. The statement represents a rare show of alignment between the two regulators, provides greater clarity for exchanges and issuers, and addresses longstanding uncertainties about jurisdiction and market oversight. For XRP ETFs, this step reduces one of the primary regulatory hurdles and increases the likelihood of near-term approvals. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 The Road Ahead Taken together, Claver’s remarks and the recent regulatory and institutional momentum highlight the position XRP now occupies in global finance. The rise of tokenized assets, the scale of ETF applications, and the coordinated approach of U.S. regulators point toward a market preparing for larger capital inflows. If October delivers the approvals many expect , the next chapter for XRP may indeed confirm Claver’s view that its role in the evolving financial system will be one for the books. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Finance Expert Says XRP’s Next Phase Will Be One For the Books. Here’s why appeared first on Times Tabloid .

The Commodity Futures Trading Commission’s Division of Market Oversight and Division of Clearing and Risk issued a no-action position Sept. 3 allowing QCX LLC and QC Clearing LLC to be exempted, under narrow conditions, from certain swap-related recordkeeping and swap data reporting requirements for event contracts, including binary option and variable payout contract transactions executed

On Tuesday, the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) issued a significant joint statement that clarifies the regulatory landscape for spot crypto products. Spot Crypto Trading Regulations The statement stems from a collaborative initiative between the SEC’s Division of Trading and Markets and the CFTC’s Divisions of Market Oversight and Clearing and Risk as part of the SEC’s Project Crypto and the CFTC’s Crypto Sprint, aimed at streamlining the trading of specific spot crypto asset products. The collaboration aligns with recommendations from the President’s Working Group on Digital Asset Markets, which advocates for a coordinated regulatory approach to ensure that the United States remains a leader in blockchain innovation and crypto markets. Key to this initiative is the recognition that existing laws do not prohibit SEC- or CFTC-registered exchanges from facilitating the trading of these spot crypto products. By coordinating their efforts, the two agencies aim to enhance the trading options available to market participants in the US. The joint statement encourages exchanges to engage with SEC and CFTC staff as they prepare to submit necessary registrations and proposals for trading these products. The regulatory framework established by the Commodity Exchange Act requires certain leveraged, margined, or financed retail commodity transactions to be conducted on designated contract markets (DCMs) or foreign boards of trade (FBOTs) registered with the CFTC. However, there is an exception for retail transactions listed on SEC-registered national securities exchanges (NSEs). The divisions have clarified that DCMs, FBOTs, and NSEs are permitted to facilitate the trading of specific spot crypto asset products, which could lead to increased market activity. Enhanced Trading Opportunities Ahead The SEC’s Division of Trading and Markets is ready to assist SEC-registered clearing agencies interested in participating, while the CFTC’s Division of Clearing and Risk is prepared to address inquiries from registered derivatives clearing organizations . Additionally, the statement emphasizes the importance of public dissemination of trade data, which can provide valuable insights to the market. The agencies are committed to fostering fair and orderly markets, believing that transparency and efficient executions will enhance competition and trading opportunities for all participants. A spokesperson for the CFTC told Crypto In America that the agency’s previous enforcement actions, which had sent a clear message that certain innovative activities in the crypto space would face scrutiny. However, the spokesperson asserts that this recent staff statement clarifies that such activities are permissible under current laws and that both agencies are willing to collaborate with registrants to facilitate their market entry. Featured image from DALL-E, chart from TradingView.com

The Commodity Futures Trading Commission issued a no-action letter to a crypto derivatives exchange and clearinghouse acquired by Polymarket after a July request for relief.