Crypto Vesting

Tanim Rasul, chief operating officer at Canadian crypto exchange NDAX, said Canada “got it wrong” categorizing stablecoins as securities in 2022, and the country needs to realize that every other regulatory regime is looking at stablecoins as payment instruments.

Rasul made the remarks during a panel on May 13 at the Blockchain Futurist Conference in Toronto, pointing to Europe’s crypto regulatory framework as a model for Canada to consider:

“I’m sure the regulators are wondering if this was the right choice to approach stablecoins as a security. […] I would just say, look at MiCA, look at the way they’re approaching stablecoins. It’s a payment instrument. It should be regulated as such.”

The Canadian Securities Administrators (CSA) classified stablecoins as “securities and/or derivatives” in December 2022, following “recent events in the crypto market,” such as the dramatic collapse of crypto exchange FTX just a month before.

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Read More at https://cointelegraph.com/news/canada-got-it-wrong-labeling-stablecoins-security-ndax-exec?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Key points:

Bitcoin continues to range around $103,000 as bulls struggle to keep upside momentum going.

Traders favor short-term BTC price gains eventually returning, while overall faith in the bull market varies.

Fed rate cuts seem increasingly far off despite encouraging inflation data.

Bitcoin (BTC) hugged familiar territory around the May 14 Wall Street open as traders awaited fresh US macro cues.

BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewTrader: BTC needs $108,000 reclaim for breakout

Data from Cointelegraph Markets Pro and TradingView showed $103,000 remaining a BTC price magnet.

Bulls had managed another trip to $105,000 the day prior, with momentum nonetheless lacking after brisk gains throughout the first half of the month.

Now, traders eyed consolidation prior to a return to volatility, with predictions favoring further upside.

It’s all just a big shake-out range in before another break-out 📈 again

PATIENCE$BTC https://t.co/t9vNUsoIQA pic.twitter.com/5BSUTzPLoM

— Phoenix (@Phoenix_Ash3s)

Read More at https://cointelegraph.com/news/bitcoin-breakout-120k-on-radar-markets-forget-fed-july-rate-cut?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Summer Mersinger, one of four commissioners currently serving at the US financial regulatory body Commodity Futures Trading Commission (CFTC), will become the next CEO of the digital asset advocacy group the Blockchain Association (BA). 

In a May 14 notice, the Blockchain Association said its current CEO, Kristin Smith, would be stepping down for Mersinger on May 16, allowing an interim head of the group to work until the CFTC commissioner assumes the role on June 2. Though her term at the CFTC was expected to last until April 2028, the Association said Mersinger is set to leave the agency on May 30.

The departure of Mersinger, who has served in one of the CFTC’s Republican seats since 2022, opens the way for President Donald Trump to nominate another member to the financial regulator. Rules require that no more than three commissioners belong to the same political party. 

Read More at https://cointelegraph.com/news/cftc-commissioner-summer-mersinger-blockchain-association?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Opinion by: Mike Cahill, co-founder and CEO of Douro Labs

Despite the institutional frenzy around crypto and the ubiquitous narrative of democratized access to investing, most of the world population is still barred from traditional wealth-building. 

Take the US, for example — here, the top 10% of earners own more than 90% of all stocks. On a global scale, it gets even worse: Billions of individuals don’t have the financial literacy, digital tools or minimum funds required to even access the most basic investment opportunities. 

Traditional institutions must do more than just invest in crypto to ameliorate this disparity — they must start employing digital assets for new use cases altogether. 

The facet of TradFi that is most ripe for disruption is equities. Investing in shares of private companies is an opportunity historically reserved only for the wealthy and hyper-connected. It is often siloed within the most economically advanced nations. Enhancing access to equities

Read More at https://cointelegraph.com/news/trad-fi-equities-defi?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Opinion by: Mike Cahill, co-founder and CEO of Douro Labs

Despite the institutional frenzy around crypto and the ubiquitous narrative of democratized access to investing, most of the world population is still barred from traditional wealth-building. 

Take the US, for example — here, the top 10% of earners own more than 90% of all stocks. On a global scale, it gets even worse: Billions of individuals don’t have the financial literacy, digital tools or minimum funds required to even access the most basic investment opportunities. 

Traditional institutions must do more than just invest in crypto to ameliorate this disparity — they must start employing digital assets for new use cases altogether. 

The facet of TradFi that is most ripe for disruption is equities. Investing in shares of private companies is an opportunity historically reserved only for the wealthy and hyper-connected. It is often siloed within the most economically advanced nations. Enhancing access to equities

Read More at https://cointelegraph.com/news/trad-fi-equities-defi?utm_source=rss_feed&utm_medium=rss%3F_ts%3D1747234951&utm_campaign=rss_partner_inbound

Today in crypto, banking giant UBS says its high-net-worth clients in Asia are pivoting from US dollar assets toward gold, crypto and Chinese markets, Twenty One Capital received a $458.7 million worth of Bitcoin injection from Tether, and VanEck is launching its first tokenized fund backed by US Treasurys.

Asia’s wealthy shifting from US dollar to crypto, gold, China: UBS

High-net-worth clients across Asia are gradually pivoting away from US dollar-based investments, favoring gold, cryptocurrencies and Chinese assets instead, according to financial services giant UBS Group.

“Gold is getting very popular,” Amy Lo, the Swiss bank’s co-head of wealth management for Asia, said during Bloomberg’s New Voices event held in Hong Kong on May 13.

She cited rising geopolitical uncertainty and persistent market volatility as primary factors behind the shift. Investors, traditionally concentrated in US-centric assets, are now seeking broader exposure across alternative asset

Read More at https://cointelegraph.com/news/what-happened-in-crypto-today?utm_source=rss_feed&utm_medium=rss%3F_ts%3D1747234951&utm_campaign=rss_partner_inbound

Key takeaways:

Ethereum’s market dominance has hit overbought RSI levels not seen since May 2021, historically followed by major pullbacks.

ETH/USD is showing a bearish divergence on the four-hour chart, hinting at a potential 10–15% price correction.

Despite the near-term risks, some analysts view a pullback as a “buy-the-dip” setup before a possible move toward $3,500–$3,800.

Ether (ETH) has surged over 50% month-to-date in May, vastly outperforming the broader crypto market’s 15.25% gain. The rally has pushed Ethereum’s market dominance (ETH.D) toward the critical 10% threshold for the first time since March.

But the rising dominance accompanies signs of overheating, indicating that Ethereum bulls should not celebrate the rally just yet.

Ether’s RSI most overextended since May 2021

The strong recovery in Ethereum’s crypto market share has pushed its daily relative strength index (RSI) to its most overbought zone since May 2021, raising red flags for traders

Read More at https://cointelegraph.com/news/ethereum-retakes-10-market-share-eth-bulls-shouldnt-celebrate?utm_source=rss_feed&utm_medium=rss%3F_ts%3D1747234951&utm_campaign=rss_partner_inbound

Key takeaways:

Ethereum’s market dominance has hit overbought RSI levels not seen since May 2021, historically followed by major pullbacks.

ETH/USD is showing a bearish divergence on the four-hour chart, hinting at a potential 10–15% price correction.

Despite the near-term risks, some analysts view a pullback as a “buy-the-dip” setup before a possible move toward $3,500–$3,800.

Ether (ETH) has surged over 50% month-to-date in May, vastly outperforming the broader crypto market’s 15.25% gain. The rally has pushed Ethereum’s market dominance (ETH.D) toward the critical 10% threshold for the first time since March.

But the rising dominance accompanies signs of overheating, indicating that Ethereum bulls should not celebrate the rally just yet.

Ether’s RSI most overextended since May 2021

The strong recovery in Ethereum’s crypto market share has pushed its daily relative strength index (RSI) to its most overbought zone since May 2021, raising red flags for traders

Read More at https://cointelegraph.com/news/ethereum-retakes-10-market-share-eth-bulls-shouldnt-celebrate?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound