Today in Crypto, the United States Product Future Commission of Products opened a path for exchanges on the high seas to legally serve US customers. Kanye West’s Token and Zy Collapsed more than 80% after launch, eliminating $ 74 million for 51,000 merchants. Meanwhile, the ETFs of Ether Spot extended their streak of Bitcoin funds superior to a fifth consecutive day.
The American regulator opens a way for Americans to trade in high seas encryption exchanges
The United States Public Future Trade Commission (CFTC), a financial regulator of the United States, announced Thursday that encryption exchanges on the high seas now have a path to legally serve customers based in the US.
The US -based clients have had the right to trade on the high -seas platforms registered since the 1990s under the FBOT record, and the framework works for all assets classes, the director of CFTC in functions, Caroline Pham, saying In a statement. Pham said:
“From now on, the CFTC welcomes Americans who wish to trade efficiently and safely under CFTC regulations, and open US markets to the rest of the world. It is just another example of how the CFTC will continue to deliver victories for President Trump as part of our Sprint Crypto.”
Allowing exchanges at sea to serve residents can potentially increase liquidity in cryptographic markets and eliminate silos that have maintained the cryptography trapped within the regions.
Yzy Token by Kanye West: 51,000 merchants lost $ 74 million, while 11 scored $ 1m
Kanye West’s Token yzy (Yzy) has left most investors in El Red, with more than 51,000 merchants losing $ 74 million combined, while only 11 wallets reserved profits of more than $ 1 million, according to Bubblemap data. The Solana token with headquarters, launched on August 21, increased 1,400% in its first hour before falling more than 80%.
From now on, Yzy is quoted at $ 0.55, more than 80% since its peak, with less than 20,000 holders, according to Nansen. Former Kickboxer Andrew Tate lost $ 700,000 after opening a shorter signed in the Token, Cointelegraph reported.
Bublemaps marked the possible exchange of information about the launch, naming Hayden Davis, previously linked to the Token scandal of Libra, who, according to the reports, benefited from $ 12 million. Other groups of early buyers also registered outstanding profits.
The incident highlights the risks linked to cryptocurrencies backed by celebrities. More than 30 such tokens launched in Solana in 2024, backed by figures that include 50 Cent, Caitlyn Jenner, Iggy Azalea and Ronaldinho, have decreased by more than 70% since the launch.
ETF Etter captured 10 times more entries than Bitcoin in the last 5 days
In the last five days of negotiation, the ETFs of Ether Spot have seen the whopping of $ 1.83 billion in tickets, while Bitcoin’s funds have taken only one tenth of $ 171 million in tickets, according A mudas.
Wednesday was the fifth day of consecutive negotiation that ETF of Ether surpassed the ETF of Bitcoin Spot in the US. UU. In terms of tickets.
The entry added for the nine ether funds (ETH) was $ 310.3 million, with Ishares Ethereum Trust (Etha) of Blackrock that took the participation of the lion with an entrance of $ 265.7 million on Wednesday.
Meanwhile, the Bitcoin funds of eleven points (BTC) saw only $ 81.1 million in tickets yesterday, with Blackrock Ishares Bitcoin (Ibit) from Blackrock, taking 62% of that with $ 50.7 million.
