# Regulation Related Articles

US SEC Issues Key Crypto Custody Guidelines For Broker-Dealers

bitcoinist12/19 11:03

Fidelity macro lead calls $65K Bitcoin bottom in 2026, end of bull cycle

Fidelity's global macro director Jurrien Timmer suggests Bitcoin may have peaked at its $125,000 all-time high in October, marking the end of its typical four-year halving cycle. He predicts a potential downturn with support level around $65,000–75,000 and a possible "off year" for Bitcoin in 2026. This view contrasts with analysts like Delphi Digital's Tom Shaughnessy, who expects new all-time highs in 2026 once the market recovers from October’s major liquidation event. Regulatory progress and institutional adoption are cited as potential bullish drivers, though current social sentiment remains bearish as Bitcoin dipped below $85,000. Data also shows "smart money" traders are net short on Bitcoin but long on Ethereum.

cointelegraph12/19 10:52

Bybit relaunches UK platform via Archax under FCA promotion rules

Bybit is returning to the UK market after a two-year absence, launching a new platform under the FCA’s financial promotion rules via a partnership with Archax, an FCA-authorized firm. The exchange will provide spot trading on 100 pairs and a peer-to-peer service, with a strong emphasis on AML and KYC compliance. Products are tailored for the UK, excluding derivatives and leveraged offerings, and include clear risk warnings about potential losses and the lack of investor protection schemes. The move comes amid declining crypto adoption in the UK, raising questions about whether Bybit’s re-entry represents responsible innovation or regulatory arbitrage. Key operational and consumer protection details remain undisclosed.

cointelegraph12/19 10:15

Bitcoin Price Will Hit All-Time High in 2026, Bitwise Predicts, Will Be ‘Less Volatile’ Than Nvidia

Bitwise predicts Bitcoin will reach a new all-time high in 2026 and become less volatile than high-growth tech stocks like Nvidia, citing growing institutional adoption and regulatory clarity. The firm expects Bitcoin's volatility to decline further due to a maturing market structure and increased participation from long-term investors. Additionally, Ethereum and Solana are also forecasted to hit new record highs, especially if the U.S. passes the CLARITY Act. Bitwise highlights stablecoins and tokenized financial assets as key trends driving this growth. However, near-term risks remain, with technical analysis suggesting a potential short-term correction for Bitcoin to the $70,000–$72,000 range before a possible rebound.

ccn.com12/19 09:55

Shanghai Headquarters of the Central Bank Issues Another Warning: Digital Yuan Scam "Traps" Evolve, How Can the Public Strengthen Their Defenses?

The People's Bank of China Shanghai Headquarters has issued a renewed warning about the rise of sophisticated scams exploiting the name of the digital yuan (e-CNY). Fraudsters are luring victims through social media and短视频 platforms with fake recruitment ads for "official digital yuan promotion agents," promising high returns like "exchange subsidies" and "commission rebates." These criminal operations use well-organized online groups, fake official documents, and fraudulent "training sessions" to convince targets to convert funds into digital yuan and deposit them into controlled wallets. The central bank emphasized that the digital yuan is a legal tender meant for payments, has no investment or speculative value, and warned the public to avoid high-return promises, referral schemes, unknown links, and unsolicited group invitations. The scams thrive on public misconceptions: confusing the state-backed digital currency with speculative cryptocurrencies, misunderstanding its official two-tier operating structure (PBOC → authorized banks), and misinterpreting technical features like programmability as investment opportunities. Authorities have responded with precise public guidance—the "Four Don’ts"—and enhanced inter-department coordination. Beyond combating fraud, the note highlights the digital yuan’s strategic role as a compliant foundation for future digital asset ecosystems, particularly in the tokenization of real-world assets (RWA), where it could enable efficient, transparent, and regulated transactions. Maintaining public trust is crucial for its long-term adoption and integration into the real economy.

marsbit12/19 09:29

Crypto’s second act: Tokenization and regulation pulling traditional finance into Web3

Sponsored content from OKX discusses the convergence of crypto and traditional finance, driven by tokenization and regulation. OKX positions itself as a global exchange and regulated infrastructure partner, using "dual-stack" custody to help institutions integrate with crypto. The article highlights a fundamental shift in trust from intermediaries to verifiable blockchain data. Key trends include the tokenization of real-world assets (RWAs) for improved liquidity and access. Clear regulations in jurisdictions like the UAE and Singapore are seen as enablers, providing certainty for institutional participation. The line between traditional finance and crypto is blurring, with a collaborative future combining the scale of traditional finance with the innovation and speed of crypto.

cointelegraph12/19 09:10

Farewell to 'Super Connector': Hong Kong's 'Global Hub' Ambition, What Is It Competing with Singapore and New York For?

Hong Kong is re-evaluating its role as a "super-connector" between China and global markets, facing intense competition from rivals like Singapore and New York. Despite strong market data—including a 120% surge in average daily turnover and a 709% jump in IPO fundraising in early 2025—a strategic shift is underway. The Hong Kong Financial Development Council’s report advocates transitioning from a passive gateway to an active "global capital hub," emphasizing a new "4Is" framework: Issuers, Investors, Intermediaries, and Instruments. Key challenges include diversifying issuers beyond China, attracting long-term "patient capital," deepening bond and derivatives markets, and accelerating digital infrastructure upgrades like T+1 settlement and tokenization. The report highlights the need for regulatory reforms, such as easing dual-class share rules, to compete for next-gen tech listings. However, Hong Kong must navigate geopolitical tensions, market liquidity issues, and balancing innovation with stability to succeed in this transformation.

marsbit12/19 08:53

Examining why Bitcoin was less volatile than Nvidia in 2025

According to a Bitwise analysis, Bitcoin exhibited lower volatility than Nvidia throughout 2025, signaling a new market phase. This shift is attributed to structural derisking driven by increased institutional access, regulatory oversight, and the significant influence of ETFs. These funds have broadened Bitcoin's investor base, smoothing out its historically extreme boom-bust cycles. ETFs now act as market whales, with their flows dictating risk sentiment. Bitwise predicts ETFs will purchase more than the entire new supply of Bitcoin, Ethereum, and Solana in 2026. The firm also expects crypto equities to outperform tech stocks, as evidenced by its Crypto Innovators 30 Index's 585% surge versus tech's 140% gain. At press time, Bitcoin traded near $88k, with price reactions appearing more controlled than in previous cycles.

ambcrypto12/19 08:07

Coinbase borrows Kalshi’s playbook, sues three states over prediction markets

Coinbase has filed lawsuits against regulators in Connecticut, Illinois, and Michigan, seeking federal court rulings that prediction markets operated under CFTC oversight fall under the Commodity Exchange Act and are not subject to individual state gambling laws. The exchange argues that allowing states to independently classify these markets as illegal gambling would undermine federal regulatory authority and create inconsistent national standards. Coinbase’s chief legal officer, Paul Grewal, emphasized that prediction markets function as neutral trading platforms—unlike traditional sportsbooks—and should be treated as regulated financial instruments. The legal move mirrors strategies used by prediction market operator Kalshi, which has faced mixed outcomes in similar state-level challenges. The cases may ultimately determine whether prediction markets are considered CFTC-regulated derivatives or gambling products subject to state prohibitions.

cointelegraph12/19 08:05

The Catfish Effect? Stablecoins Are Truly the Enemy of Bank Deposits

The article challenges the prevailing narrative that stablecoins pose an existential threat to the traditional banking system by causing massive deposit outflows. Instead, it argues that stablecoins act as a competitive catalyst, forcing banks to improve efficiency and offer higher deposit rates, rather than replacing them. Key points include: - Research indicates no significant correlation between stablecoin growth and bank deposit outflows, highlighting the "sticky" nature of deposits due to the convenience of bundled banking services (e.g., mortgages, payroll). - Stablecoins introduce competition, compelling banks to enhance operational efficiency and customer benefits, ultimately expanding financial intermediation and consumer welfare. - Regulatory frameworks like the GENIUS法案 (likely referring to U.S. stablecoin legislation) mitigate risks by mandating full reserves (cash, short-term Treasuries) and enforceable redemption rights, addressing concerns about run and liquidity risks. - Stablecoins offer efficiency gains through atomic settlements, enabling instant, cross-border transactions without intermediary delays, which could modernize outdated financial infrastructure. - The U.S. is urged to lead in stablecoin innovation to preserve the dollar’s global dominance, transforming stablecoins from offshore novelties into transparent, regulated components of domestic financial systems. The conclusion emphasizes that banks should view stablecoins as an opportunity to evolve, similar to other industries disrupted by technology, rather than as a threat.

marsbit12/19 07:49