The U.S. Office of the Comptroller of the Currency (OCC) has issued new guidance allowing nationally regulated banks to buy, sell, and custody cryptocurrencies, including Bitcoin, on behalf of their customers. This guidance permits banks to outsource crypto custody and trade execution services to third-party providers. Acting Comptroller Rodney E. Hood confirmed that these activities are now authorized under OCC regulations, marking a formal acceptance of digital asset services within mainstream banking. Additionally, the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve have aligned with the OCC, removing previous barriers and allowing banks to engage with digital assets without requiring prior approval, provided they implement appropriate risk controls. This regulatory shift enables banks to offer custody services, serve crypto businesses, and utilize blockchain technology more freely, signaling increased integration of cryptocurrencies into the traditional financial system. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Bitcoin has surpassed Amazon to become the fifth largest asset globally by market capitalization, reaching over $2 trillion. As of May 9, 2025, Bitcoin's market cap stood at approximately $2.054 trillion, exceeding Amazon's $2.039 trillion. This places Bitcoin behind only gold, Microsoft, Apple, and Nvidia in terms of asset value. Bitcoin's price recently broke above $104,361, marking a gain of more than 5%, and it is currently about 5% to 6% below its all-time high. The cryptocurrency's rapid ascent has moved it from seventh place just over a week ago to the top five, with speculation that it could reach the top three largest assets by the end of 2025. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Steak 'n Shake, a major American fast food chain, will begin accepting Bitcoin payments at all of its U.S. locations starting May 16. This move will make Bitcoin available as a payment option to over 100 million customers nationwide. The company had previously hinted at Bitcoin support in March through a social media post, which drew engagement from figures such as former Twitter CEO Jack Dorsey. Steak 'n Shake has also referenced Robert F. Kennedy Jr. and Tesla CEO Elon Musk in its marketing related to Bitcoin. The company stated, "The movement is just beginning." To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Coinbase, a leading cryptocurrency exchange, has announced the acquisition of Deribit, a prominent options trading platform, in what is described as the largest transaction in the history of the crypto industry. The deal, expected to close later this year, was revealed by Coinbase's Vice President Greg Tusar at the SALT conference. In a separate development, Coinbase has launched a 24/7 futures trading service for Bitcoin and Ethereum, becoming the first U.S.-regulated platform to offer round-the-clock leveraged futures trading. This service, operated by Coinbase Derivatives, is available to both retail and institutional users and is supported by Nodal Clear, Virtu Financial, and ABN AMRO. The introduction of perpetual contracts is anticipated in the near future. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Cryptocurrency exchange Coinbase has announced that it has launched 24/7 Bitcoin and Ethereum futures trading, becoming the first regulated platform in the United States. This service, which will be run by Coinbase Derivatives, will allow both individual and institutional investors to trade at any time of the day, including weekends. Coinbase Derivatives, Coinbase’s derivatives arm regulated by the U.S. Commodity Futures Trading Commission (CFTC), will provide traders with continuous trading while providing instant response to market movements and unexpected developments. All trades will be cleared through Nodal Clear, which is also regulated by the CFTC. “We have been working on this service with the CFTC for a long time, and it is finally time to make this vision a reality,” said Boris Ilyevsky, CEO of Coinbase Derivatives. Related News: BREAKING: Settlement Agreement Released in Ripple-SEC Case - SEC Issues Official Statement The platform also plans to offer perpetual futures contracts in the US markets in the coming period. Institutions supporting the new trading model include Virtu Financial, ABN AMRO, Wedbush Securities and Coinbase Financial Markets. Coinbase announced its 24/7 futures service in March. “The arrival of a CFTC-approved 24/7 market service is a milestone for the industry,” said Andy Sears, CEO of Coinbase Financial Markets. This development comes on the heels of Coinbase announcing its $2.9 billion acquisition of Deribit, with which the company aims to further expand its derivatives product offering. *This is not investment advice. Continue Reading: A Historic Turning Point for Cryptocurrencies: Coinbase Makes the Anticipated Announcement
According to COINOTAG News, as of May 8th, data from Farside Investors indicates that the **cumulative net inflow** of the **US Bitcoin spot ETF** has reached an impressive **$40.806 billion**,
The largest crypto exchange by trading volume in the US just inked an agreement to acquire the Dubai-based derivatives platform Deribit. In a statement, Coinbase says the deal costs approximately $2.9 billion, which includes $700 million in cash and 11 million shares of its Class A common stock subject to purchase price adjustments. “This strategic acquisition significantly advances Coinbase’s derivatives business, establishing us as the premier global platform for crypto derivatives… It’s foundational to our vision of creating the most comprehensive, compliant, and user-friendly derivatives platform globally.” Deribit is the world’s leading crypto options exchange, with approximately $30 billion in current open interest. Last year, the platform also facilitated over $1 trillion in trading volume across key markets, excluding the US. Coinbase says acquiring Deribit will make it the world’s leader in crypto derivatives by open interest and options volume, as well as enable it to accelerate its international growth strategy. “Outside the US, our International Exchange offers spot and perpetual futures products. With Deribit, we will expand our international footprint even further, providing institutional and advanced traders access to robust options markets.” Reports that the two firms are in the advanced stages of acquisition talks emerged in March. Coinbase says the transaction is still subject to regulatory approvals and customary closing conditions, but is expected to be completed by the end of the year. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Top US Crypto Exchange Coinbase To Acquire Derivatives Platform Deribit appeared first on The Daily Hodl .
In a groundbreaking development for the cryptocurrency world, the U.S. Securities and Exchange Commission (SEC) has filed a settlement agreement with Ripple Labs, officially bringing the SEC-Ripple saga closer to an end and making XRP the only regulated cryptocurrency in the United States. The update , shared by CryptoBull on X, has sent shockwaves through the crypto community, marking a historic milestone for Ripple and its native token, XRP. BREAKING: SEC announces settlement with Ripple. #XRP now the only regulated cryptocurrency in the USA! — CryptoBull (@CryptoBull2020) May 9, 2025 Ripple and SEC Reach Settlement After a protracted legal battle that lasted four years, Ripple Labs and the SEC have finally reached an agreement to settle the dispute . The controversy began in December 2020 when the SEC filed a lawsuit against Ripple, alleging that the company conducted an unregistered securities offering through the sale of XRP. Ripple steadfastly argued that XRP is not a security, leading to one of the most highly publicized and closely watched cases in the digital asset space. The settlement not only puts an end to the lengthy litigation but also distinguishes XRP from other cryptocurrencies by granting it a regulated status. As of now, XRP stands out as the only digital asset officially recognized and regulated by the SEC, setting a unique precedent in the evolving regulatory landscape. Implications for XRP and the Broader Crypto Market This regulatory clarity has far-reaching implications for XRP’s future utility and adoption. For years, the lack of clear regulation had hindered Ripple’s growth in the U.S., with major exchanges delisting XRP amid legal uncertainties. With the SEC’s official stance now clarified, Ripple can confidently push forward with its vision of utilizing XRP for cross-border payments and liquidity management without the overhang of legal risks. Market analysts speculate that XRP’s newfound status could enhance its attractiveness to institutional investors wary of regulatory ambiguity. In contrast, other cryptocurrencies still face uncertainty as the SEC continues to scrutinize whether digital assets should be classified as securities. This development could prompt other blockchain projects to seek similar regulatory clarity, potentially reshaping the landscape of crypto regulation in the United States. Market Reaction and Community Response The XRP community has reacted with a mixture of excitement and vindication. For years, supporters have maintained that XRP should not be considered a security, and the settlement validates their long-held position. CryptoBull’s post on X encapsulates the sentiment, highlighting XRP’s unique status and the monumental nature of the news. On the market side, XRP saw a significant surge in trading volume and a moderate price upswing as investors reacted positively to the news. Analysts predict that as exchanges relist XRP and confidence returns, the token could experience sustained upward momentum. The settlement also rekindles optimism about Ripple’s broader financial technology ambitions, including integrating XRP into traditional banking systems. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 A Pivotal Moment for Crypto Regulation The SEC’s settlement with Ripple could serve as a pivotal moment in crypto regulation, offering a potential template for how other digital assets might achieve regulatory compliance. While the specifics of the agreement are still being scrutinized by legal experts, the immediate effect is undeniable: XRP is now the only cryptocurrency in the United States to have achieved such clear regulatory recognition. This development raises important questions about the future of other leading cryptocurrencies like Bitcoin and Ethereum. While they are generally considered commodities rather than securities, the lack of a formal regulatory framework leaves room for future challenges. XRP’s new status could also influence how other blockchain companies approach compliance, potentially leading to a wave of regulatory settlements in the coming months. The Road Ahead for Ripple With the legal uncertainty behind it, Ripple is poised to accelerate its efforts to expand XRP’s use cases, particularly in the realm of cross-border payments. CEO Brad Garlinghouse has previously emphasized that regulatory clarity is crucial for Ripple’s growth, and the settlement now paves the way for more robust integration of XRP within financial networks. As Ripple looks to rebuild partnerships and explore new opportunities, the broader crypto industry will be watching closely. The settlement not only affirms XRP’s legitimacy but also marks a new chapter in how digital assets can coexist with regulatory frameworks. For Ripple and its community, the road ahead appears promising, underpinned by a newfound sense of legitimacy and acceptance. 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 urged to do in-depth 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 Twitter , Facebook , Telegram , and Google News The post XRP Becomes the Only Regulated Crypto In the United States appeared first on Times Tabloid .
Sentiment on Wall Street was mixed ahead of the Trump administration’s meeting with China, but bitcoin has continued to surge, for now. BTC Rises as Stock Markets Wobble Traditional markets rallied on Thursday after U.S. President Donald Trump announced a trade deal with the United Kingdom. The agreement will reduce tariffs and spur trade between
Moondeng has surged over 200% in recent days, bouncing cleanly off a critical support zone. Now, with momentum building and a massive resistance level in sight, traders are watching closely for what comes next. Moondeng’s ( MOODENG ) explosive rise began after it found solid footing at $0.03, aligning with key technical indicators. As momentum increases, the next test lies at the $0.20 resistance, where bulls will need significant strength to break through. Moondeng has caught the attention of traders and speculators alike after a remarkable 200% price rally. The move began from a clean bounce at $0.03, a level supported by strong technical confluence, including a long-term point of control and the value area low. Now, with the price heading toward a technically dense resistance zone, the market is preparing for potential consolidation or a breakout that could carry prices even higher. Key technical points Strong Support at $0.03: Confluence of value area low and long-term POC created a strong base for the bullish reversal. Next Resistance at $0.20: Aligned with the 0.618 Fibonacci level, bearish order block, and VWAP from all-time high. Momentum Still Rising: Volume profile indicates a climatic breakout, but a healthy consolidation may be imminent. MoodengUSDT (1D) Chart, Source: TradingView Technical analysis and market behavior The initial bounce from $0.03 was no coincidence, this level coincided with the point of control pulled from Moondeng’s all-time high, as well as the value area low. These overlapping indicators created a high-probability zone for demand to step in, and it did, leading to the rapid 200% spike. Currently, Moondeng trades in a zone of heightened attention. The $0.20 region represents a major resistance, combining several technical tools: the 0.618 Fibonacci retracement from the all-time high, a key bearish order block, and VWAP resistance from the same high. This cluster of resistance is not only a technical challenge for bulls but also a make-or-break area that could dictate the medium-term trend. You might also like: Bitcoin and Ethereum on alert as $3b worth of options expire on Friday Despite the strength of the move, traders should watch for potential consolidation. The volume profile shows a climatic spike, a signal that often precedes sideways action. A higher low forming during this phase would be constructive, preserving the bullish market structure and setting the stage for a breakout above $0.20. What to expect in the coming price action If Moondeng manages to hold its recent gains and establish a higher low, the bullish trend could continue toward the $0.20 resistance, and beyond. A successful breakout from this level would likely open the door to $0.31, marking the next major technical target. Traders should monitor consolidation zones and volume shifts closely, as these will guide the next significant move. Read more: Coinbase to launch 24/7 Bitcoin and Ethereum futures trading in U.S.