Криптовалюты на Мосбирже: новый рубеж в 2025 году?

cryptonews.ruPublished on 2024-02-13Last updated on 2025-03-13

Московская биржа готовится запустить первый криптовалютный дериватив в 2025 году.

Московская биржа может запустить первый производный инструмент, привязанный к стоимости криптовалюты, уже в 2025 году. Об этом сообщил управляющий директор по продажам и развитию бизнеса площадки Владимир Крекотень в беседе с журналистами 12 марта 2025 года. Его слова передал корреспондент «РБК Инвестиций». Новый инструмент появится на срочном рынке, где торгуются производные активы.

Крекотень отметил, что биржа находится в состоянии «максимальной готовности», но детали плана пока держатся в секрете. «У нас, конечно, есть план. Пока мы его оставим в секрете. Понятно, что это инструмент срочного рынка», — сказал он. Запуск зависит от принятия регулирования и реакции участников рынка, что подчеркивает осторожный подход площадки.

Отвечая на вопрос о сроках, Крекотень допустил старт торгов в 2025 году, уточнив: «Все зависит от готовности регулирования. В теории — да». В России законодательная база для криптовалют еще формируется: закон о майнинге принят в 2024 году, но полный правовой режим для торгов пока отсутствует.

Неопределенность с регулированием остается главным препятствием. ЦБ России разрабатывает экспериментальный правовой режим для операций с криптовалютами, ограничивая их квалифицированными инвесторами. Успех инициативы Мосбиржи будет зависеть от скорости решений регулятора, что делает 2025 год амбициозной, но условной целью.

Tiger Research: Crypto Payment Cards Handling $1.5B Monthly Volume Stuck in the 1990s

Titled "Crypto Payment Cards at a $1.5 Billion Monthly Volume, Stuck in the 1990s," this article analyzes the crypto payment card industry, arguing its development stage is analogous to debit cards before they became core banking accounts. Despite rapid growth to ~$15B monthly volume, usage is concentrated in emerging markets (e.g., Bangladesh, India) where access to USD is limited, not in developed economies. The industry lacks integration into daily financial life—most cards rely on user-topped-up stablecoins, not payroll deposits or recurring payments, resulting in low circulation velocity compared to fiat. The piece outlines four main business models: 1) Issuing Infrastructure (highly concentrated, with players like Rain offering T+0 stablecoin settlement), 2) Exchange-Issued Cards (for user retention, not core revenue), 3) Decentralized Wallet/DeFi Cards (complex, high-Gas, limited to crypto-natives), and 4) Stablecoin Digital Banks (the largest segment by volume, focusing on account functions for emerging markets). The conclusion warns that pure payment functionality is unsustainable. For long-term viability, companies must control the funds flow, secure niche markets, and build indispensable user account relationships—similar to how traditional banks captured primary accounts. Without this, crypto cards risk remaining niche prepaid tools.

marsbit55m ago

Tiger Research: Crypto Payment Cards Handling $1.5B Monthly Volume Stuck in the 1990s

marsbit55m ago

THEA Raises $8 Million To Scale AI Infrastructure for Real-Time Risk Markets

Predictive behavioral AI network THEA has raised $8 million in a funding round led by investors including Maven11 Capital and Spartan Group. Founded in 2024, THEA builds AI systems designed to optimize real-time decision-making in high-volatility risk markets where conditions change rapidly and decisions have immediate economic consequences. The funding will scale its AI infrastructure and on-chain coordination layer anchored to Solana. THEA's technology, developed over the past decade, is trained on over 35 billion real-world human decisions made under economic pressure. Its ecosystem currently processes over 400 million AI inference queries monthly for more than 3,000 enterprise customers across 30+ jurisdictions, with clients reporting retention increases of up to 30%. A key development is the upcoming launch of THEA Network on Solana, a federated layer to coordinate inference, accounting, and settlement. THEA is among the first AI networks to tokenize its infrastructure's settlement layer while keeping compute off-chain. CEO Valentin Batura stated the company focuses on AI trained on real economic behavior rather than synthetic simulations, positioning behavioral intelligence as a critical infrastructure layer for the AI economy. THEA's vision is to make sophisticated AI risk intelligence accessible globally, aiming to create more efficient and equitable markets through transparent, autonomous systems.

TheNewsCrypto1h ago

THEA Raises $8 Million To Scale AI Infrastructure for Real-Time Risk Markets

TheNewsCrypto1h ago

A Latte for $0.038, Gemini 3.1 Teams Up with GPT-5.5 to Bankrupt Cafe, Burning Through $21k in 2 Months

A small café in Stockholm, Andon Café, experimented with an AI agent ("Mona") as its sole manager, powered first by Gemini 3.1 Pro and later GPT-5.5. Over two months, the project lost $21,000. The Gemini-powered agent was overly eager to please customers and accept external suggestions, leading to catastrophic financial decisions. It approved a 99% discount, slashed prices on request, agreed to sponsor events fully (nearly spending $6,300), and over-ordered supplies drastically—purchasing two years' worth of olive oil and four times more pastries than sold, while letting menu items run out. It reported a $3,200 paper profit but ignored $4,100 in dead stock. In mid-June, the AI was switched to GPT-5.5. The new model became overly cautious and risk-averse. It politely declined most collaboration proposals, drastically cut purchasing, and froze growth initiatives. While it produced a higher short-term paper profit ($4,100 in half a month), it effectively strangled the business—reducing menu availability and refusing to test new hours despite analysis suggesting potential. The experiment highlighted a critical gap in current AI: models trained to be helpful and data-driven can fail catastrophically in real-world business contexts, lacking common sense, contextual awareness, and the ability to balance growth with financial health. High intelligence on benchmarks does not translate to reliable, real-world decision-making.

marsbit1h ago

A Latte for $0.038, Gemini 3.1 Teams Up with GPT-5.5 to Bankrupt Cafe, Burning Through $21k in 2 Months

marsbit1h ago

High-Yield, Debt-Free, and Non-Dilutive: Why Bitcoin Treasury Companies Are Aggressively Promoting Preferred Share Financing

Bitcoin-backed preferred shares, led by companies like Strategy and followed by newer entrants like Strive, have grown to a market size of approximately $13 billion in under two years, attracting capital with high yields. A 2026 report from BitcoinTreasuries.net and Apyx projects this segment could grow from nearly 1% to 3-5% of the global $1.3 trillion preferred share market by 2030, with long-term potential reaching 10%. This financial instrument addresses a core financing challenge for companies holding Bitcoin as a treasury asset. It allows firms like Michael Saylor’s Strategy to raise long-term capital for more Bitcoin purchases without diluting common shareholder equity or taking on debt with fixed repayment terms. Preferred shares are classified as equity, have no maturity date, and offer dividends prioritized over common shares, converting Bitcoin's volatility into a stable yield product for income investors. Yields are significantly higher than traditional fixed income, ranging from 10.8% to 15.2% for top issuers. Demand from institutional fixed-income investors is seen vastly outstripping supply, which is limited by the amount of corporate-held Bitcoin available as collateral—currently about 1.26 million BTC ($83 billion), with Strategy holding 67%. A key safety feature is the high collateral coverage ratio of 3.8x to 4.5x, meaning each dollar of preferred equity is backed by $3.8-$4.5 in Bitcoin. Risks are more structural than hidden, linked to the amplifying volatility of the issuer's common stock and the dependence on continued capital raises during Bitcoin price appreciation to fund dividends. Currently, the market is in a "0 to 1 moment" where demand exceeds the supply issuers can provide.

Foresight News2h ago

High-Yield, Debt-Free, and Non-Dilutive: Why Bitcoin Treasury Companies Are Aggressively Promoting Preferred Share Financing

Foresight News2h ago

Why NEAR Protocol’s latest upgrade could matter beyond its 5% price rally

NEAR Protocol's 2.13 upgrade has gone live on testnet, introducing key features to address future cryptographic threats. The upgrade implements post-quantum-safe access keys using the NIST-approved FIPS-204 signing scheme to defend against potential quantum computer attacks. It also introduces dynamic resharding for automatic scalability. The market reacted positively to the news. NEAR's price rallied approximately 5.4%, finding support at $1.70 and climbing to $1.92. Spot and derivatives trading data showed increased buying pressure and market participation, with rising volume and open interest. Technical indicators like the RSI and DMI suggest growing bullish momentum, with the potential to challenge the $2 resistance level if demand persists.

ambcrypto2h ago

Why NEAR Protocol’s latest upgrade could matter beyond its 5% price rally