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US President Donald Trump is planning to nominate Michael Selig as the next chair of the Commodity Futures Trading Commission (CFTC), after pulling back the nomination of Brian Quintenz.Bloomberg reported the news on Friday, citing an unnamed Trump administration official. No official announcement has been made at the time of this writing. Selig currently serves as the Securities and Exchange Commission’s crypto task force chief counsel and senior adviser to SEC Chair Paul Atkins. He has been characterized as “pro-crypto” by some analysts and influencers in the crypto community, who celebrated the potential nomination.Michael Selig. Source: PLIThe CFTC nomination race…

Today in crypto, Crypto.com has applied for a US trust bank charter license. Meanwhile, the feud between Fetch.ai and the Ocean Protocol Foundation may be nearing resolution, and Polymarket odds of Sam Bankman-Fried receiving a pardon this year have surged.Crypto.com pushes for federal footing with US trust bank charter applicationCrypto.com is the latest crypto company to apply for a US National Trust Bank Charter, seeking federal approval to expand its custody and staking services nationwide.In a Friday announcement, the Singapore-based crypto exchange said it plans to provide federally regulated custody services for digital asset treasuries, exchange-traded funds (ETFs), and other…

On October 14, 2025, the U.S. District Court for the Eastern District of New York unsealed an indictment, announcing criminal charges against Chen Zhi, founder of Cambodia’s Prince Group—and simultaneously freezing and confiscating 127,271 Bitcoins under his control.Based on the price of the currency at that time, these assets were valued at approximately $15 billion. This was the largest cryptocurrency forfeiture in the history of the U.S. Department of Justice and the most significant virtual asset forfeiture case in history…Even more shocking was the discovery that these BTCs were not stored in exchange accounts but were instead stored in a…

Ethereum is struggling to push above the $4,000 level, as market sentiment remains uncertain and volatility keeps investors cautious. Despite several attempts, bulls have failed to sustain momentum, suggesting hesitation at key resistance levels. However, new on-chain data is drawing attention to potentially large-scale liquidity moves that could influence Ethereum’s next direction. Related Reading According to Lookonchain, an Ethereum OG holding 736,316 ETH (worth approximately $2.89 billion) recently deposited $500 million USDT into the vaults launched by ConcreteXYZ and Stable, just before their official announcement. This has sparked significant curiosity across the crypto community, as the transaction appears strategically timed…

Shares of crypto miners rallied on Friday, with Bitfarms, Cipher Mining and Hut 8 extending gains after trading company Jane Street disclosed sizable positions in all three Bitcoin mining companies.Filings submitted to the US Securities and Exchange Commission on Thursday show that Jane Street’s trading affiliates own roughly 5.4% of Bitfarms, 5% of Cipher Mining and 5% of Hut 8, representing passive trading positions rather than activist holdings.Following the news, the stocks rallied 8% to 13% on Thursday, and continued to make gains on Friday. At market close on Friday, Bitfarms (BITF) was up 10.68%, Cipher Mining (CIFR) 19.73% and…

Video-sharing platform Rumble is preparing to roll out Bitcoin tipping for its more than 51 million monthly active users, the company’s CEO Chris Pavlovski announced on Friday.Rumble has teamed up with stablecoin issuer Tether to enable Bitcoin (BTC) tipping, Pavlovski said onstage at the Plan ₿ Forum in Lugano, Switzerland.“Right now, we’re in the testing phase [but] we’re going to start rolling that out alongside Tether here in the coming weeks.”Also onstage was Tether CEO Paolo Ardoino, who expects a full rollout by early to mid-December once small bugs are fixed and the UX is finessed.The Rumble team posted a…

The global crypto capitalization nears $3.7 trillion, recovering steadily after the sharp downturn triggered by the U.S. imposing 100% tariffs on Chinese tech exports. Bitcoin now trades close to $108,000, while Ethereum sits near $3,900, as market participants refocus on core blockchain infrastructure and projects backed by strong fundamentals.Amid this recalibration, three sectors,  AI integration, data privacy, and scalability,  are driving renewed confidence. Leading this transformation are Bittensor (TAO), Zcash (ZEC), and BlockDAG (BDAG). Each is strategically positioned to meet essential demands shaping the blockchain’s evolution: intelligence, confidentiality, and processing efficiency. Together, these projects reflect what may be the leading…