# Сопутствующие статьи по теме Regulation

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Regulation", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Bankless Interview: Private Equity Insiders Reveal the Inside Story of Anthropic's Primary Market Trading

**Bankless Interview: A Private Equity Veteran Exposes the Dark Side of Anthropic's Pre-IPO Trading** In a Bankless podcast, Patagon founder Dio Casares reveals the opaque inner workings of the massive secondary market for shares in pre-IPO giants like Anthropic. The market, driven by private SPVs (special purpose vehicles), brokers, and even informal networks, sees hundreds of billions in notional value changing hands, with single-deal fees as high as 10%. However, an estimated 10-20% of transactions involve fraud or fabricated share certificates. Intermediaries often profit more from these deals than from their core investment businesses. Two types of "secondary" exist: company-sanctioned trades (like employee tender offers) that bring new money to the company, and disruptive "gray market" trades on platforms like Hive or Forge, which companies like Anthropic actively fight. The latter creates pricing chaos and complicates primary fundraising. A major risk involves multi-layered, nested SPV structures. When a company like Anthropic finally IPOs, delays in distributing shares down these chains, combined with discretionary powers of fund managers (GPs) to hold or sell, could trigger a wave of lawsuits and settlement nightmares lasting years. For small investors in "tokenized" versions of these assets, transparency is minimal, and due diligence is often impossible. Casares advises extreme caution, suggesting investors trust their gut and exit if something feels wrong. He warns that the post-IPO period will be a major "reckoning" for this wild and largely unregulated market.

marsbit2 дня назад 09:44

Bankless Interview: Private Equity Insiders Reveal the Inside Story of Anthropic's Primary Market Trading

marsbit2 дня назад 09:44

World Cup Approaches, Prediction Markets Face a Major Test

The 2026 FIFA World Cup represents a major public test for sports prediction markets like Polymarket and Kalshi, which have grown significantly by offering tradable markets on event outcomes. This global event, hosted by the US, Canada, and Mexico, concentrates risks related to sports integrity, cross-border operations, and gambling ecosystems. A key concern is the potential for insider trading on non-public information (e.g., injuries, lineups), which could be exploited in granular prediction markets. FIFA's choice of its official prediction market partner, ADI Predictstreet, has raised significant doubts. The platform, relatively unknown, has faced scrutiny over the integrity of its executives—including past insider trading allegations and associations with a major EU corruption scandal—its rapid licensing in Gibraltar, and the fact its product was not yet live at the time of the announcement. This partnership begins with a "trust deficit." FIFA itself carries historical corruption baggage, and its deepening ties with betting and data industries fuel concerns about maintaining sporting integrity. While FIFA has established monitoring systems, their effectiveness against potential insider trading across decentralized global prediction markets remains unproven. Major US-based prediction platforms have updated rules to prohibit trading based on confidential information. However, the World Cup's complex ecosystem of federations, teams, and officials makes enforcement far more challenging than in domestic leagues. The event will not determine the fate of prediction markets but will critically test whether they can be integrated as a regulated event-trading infrastructure or remain a high-risk gambling-adjacent activity within global sports.

marsbit2 дня назад 05:11

World Cup Approaches, Prediction Markets Face a Major Test

marsbit2 дня назад 05:11

Volume Shows Big Players Are Reloading On Solana As They Push For 4-Month Highs

Institutional investors are showing renewed bullish interest in Solana (SOL), driven by significant inflows into Solana ETFs. Since the beginning of the month, these ETFs have seen total net inflows of $90 million, including a single-day high of $26 million on May 11. This activity has pushed SOL to a four-month high near $97 and boosted total ETF net assets to $1.02 billion. While derivative data presents mixed signals—with a long/short ratio below 1 indicating some bearishness—trading volume has surged significantly. However, broader market pressure persists due to geopolitical tensions and inflation concerns. Bullish fundamentals for SOL include the upcoming major "Alpenglow" network upgrade, Western Union's launch of its USDPT stablecoin on Solana, and potential regulatory clarity from the advancing CLARITY Act. Technical analysis suggests a strong buy sentiment with key resistance at $95, a breakout above which could target $100. Despite these positive factors, SOL's price was trading around $90 at the time of writing, reflecting a 5% daily decline.

bitcoinist2 дня назад 22:09

Volume Shows Big Players Are Reloading On Solana As They Push For 4-Month Highs

bitcoinist2 дня назад 22:09

Crypto May Be Loud Online, But Only 4% Of Voters Care: Poll

A Politico survey reveals a stark disconnect between crypto industry lobbying and U.S. voter priorities. While crypto groups have spent over $130 million on the 2024 elections, only 4% of voters say a candidate's position on crypto would influence their vote. Affordable housing, consumer fraud protection, and lower bank fees rank as far more important issues for voters. The poll also shows public ambivalence toward digital assets. Only 27% support government efforts to make crypto mainstream, while 31% oppose it. Over half of respondents have never traded crypto and don't plan to. Among those who have traded, 7% say a candidate's stance would sway their vote. Furthermore, 45% view crypto investing as a risk not worth taking. Despite low voter interest, Congress is advancing crypto regulation. The Senate Banking Committee is set to vote on a regulatory framework bill, a version of which already passed the House in June.

bitcoinist2 дня назад 21:31

Crypto May Be Loud Online, But Only 4% Of Voters Care: Poll

bitcoinist2 дня назад 21:31

Bitwise: Why Are Top-Tier Capitals Frenziedly Betting on New Public Blockchains? The Answer Lies in These Three Points

Recently, a wave of major funding announcements for new public blockchains like Arc, Canton, and Tempo signals a significant industry shift. This article analyzes the driving forces behind this surge. Firstly, regulatory clarity is a key catalyst. These massive investments, including Circle's Arc ($222M), Digital Asset's Canton ($300M), and Stripe's Tempo ($500M), all followed the US passage of the *Genius Act* in July 2025. This suggests that clear legislation is unlocking institutional capital. The anticipated, broader *Clarity Act* could further accelerate growth, particularly in tokenization and compliant infrastructure. Secondly, built-in privacy is emerging as a critical design feature. Unlike Ethereum or Solana, these new chains natively support confidential transactions. This directly addresses real-world business needs, where public transparency can be a liability for corporate dealings or personal salary data, making privacy a potential killer application. Finally, the entry of traditional giants marks a new competitive phase. These projects are backed by major firms: Arc by Circle, Canton by a consortium including Goldman Sachs and Nasdaq, and Tempo by Stripe with partners like Visa. While crypto-native projects remain strong contenders, this institutional involvement brings substantial capital, execution capability, and operational rigor. In conclusion, the convergence of regulatory progress, demand for privacy, and competition from established financial and tech players is rapidly reshaping the blockchain landscape, pushing innovation and expanding the industry's boundaries.

marsbit05/14 09:20

Bitwise: Why Are Top-Tier Capitals Frenziedly Betting on New Public Blockchains? The Answer Lies in These Three Points

marsbit05/14 09:20

The CLARITY Act Enters a Critical Review Today: What You Should Focus On?

The CLARITY Act (Digital Asset Market Clarity Act), a landmark bill to establish a regulatory framework for cryptocurrencies, enters a crucial committee markup in the U.S. Senate Banking Committee. While it has a significant chance of advancing to a full Senate vote, its path is narrowing with over 130 proposed amendments. Key tensions surround the bill: whether stablecoin rewards constitute unfair competition for bank deposits, if the legislation genuinely protects investors or merely enables industry expansion, and the push from Democrats to include ethics provisions related to the Trump family's crypto dealings. Banking lobbyists strongly oppose the stablecoin reward compromise, and with the summer recess and midterm elections approaching, the window for passage is tightening. Prediction markets currently assign about a 60% probability of the bill becoming law this year.

marsbit05/14 03:29

The CLARITY Act Enters a Critical Review Today: What You Should Focus On?

marsbit05/14 03:29

Smart Money Is Moving Back Into Bitcoin — What’s Driving The Surge?

Bitcoin and crypto investment products recorded a significant $857.9 million in net inflows for the week ending May 11, marking the sixth consecutive week of positive flows and the strongest weekly total since late April, according to CoinShares. This surge, a sevenfold increase over the prior week, is seen as a potential structural reset in institutional demand. Bitcoin products attracted the majority at $706.1 million, but inflows were broad-based, with Ethereum, Solana, and XRP products also seeing substantial investments. Short-Bitcoin products experienced their largest outflow of 2026, indicating a reversal of bearish bets. Geographically, the United States led with $776.6 million in inflows, with European markets like Germany and Switzerland also contributing steady participation. Analysts attribute Bitcoin's climb above $80,000 to ETF inflows, corporate treasury buying, and regulatory optimism around stablecoin legislation. The sustained inflow streak presents a pivotal shift, challenging traditional allocators to reconsider the asset class.

bitcoinist05/13 17:03

Smart Money Is Moving Back Into Bitcoin — What’s Driving The Surge?

bitcoinist05/13 17:03

Crypto CLARITY Act Faces 100-Plus Amendments As Stablecoin, Banking Fight Intensifies

The U.S. Senate Banking Committee's CLARITY Act faces over 100 proposed amendments ahead of a key markup vote, intensifying debates on stablecoins, banking, and crypto regulation. Key points of contention include stablecoin rewards, with proposed bans on yield for idle balances and bank-backed amendments seeking stricter rules. Senator Elizabeth Warren filed over 40 amendments, including one to block crypto firms from Federal Reserve accounts, while another from Senator Jack Reed aims to prohibit using crypto for tax payments, countering industry goals for broader adoption. The bill, positioned as a consumer protection measure, also proposes treating crypto exchanges as financial institutions under anti-money laundering laws and creating exemptions for small fundraising. Banking industry groups are actively lobbying for tighter restrictions. Despite some Democratic leadership support, the bill's path remains uncertain due to ongoing negotiations on ethics and conflict-of-interest provisions, with critics warning of risks to investors and financial stability.

bitcoinist05/13 15:22

Crypto CLARITY Act Faces 100-Plus Amendments As Stablecoin, Banking Fight Intensifies

bitcoinist05/13 15:22

Circle's Three-Dimensional Valuation Framework: Where Is the Bottom, Where Is the Top

"Circle's 3D Valuation Framework: Where is the Bottom, Where is the Top?" - Article Summary The article analyzes Circle's valuation following its Q1 2026 earnings. While its core business generates substantial interest income from USDC reserves ($6.53B in Q1, up 17% YoY), this revenue is highly sensitive to interest rates and shared significantly with Coinbase. The author proposes a three-dimensional valuation framework: 1. **Interest Business (The Floor):** Valued like a bank (8-15x P/E) on net interest income after Coinbase's share. This provides a conservative valuation baseline. 2. **Payment & Platform Business (The Inflection Point):** Includes CPN (Circle Payments Network) and "Other Revenue" (transaction, integration services). This high-growth segment, not shared with Coinbase, is valued on a platform/network model (higher P/S multiples), similar to Visa/Mastercard. It represents Circle's shift beyond pure interest income. 3. **Arc Network & ARC Token (The Future / Optionality):** Arc is an institutional-focused, EVM-compatible L1 blockchain where USDC is the native gas token. A $222M ARC token pre-sale at a $3B FDV attracted major traditional finance players (BlackRock, Apollo, ICE). While Circle holds 25% of ARC tokens, their value is separate from CRCL equity. This dimension represents the long-term, high-upside bet on Circle becoming an "economic operating system." Current market cap (~$30B) prices in significant future growth beyond the sum-of-the-parts valuation derived from current earnings. The investment thesis hinges on believing in Circle's transition from a "stablecoin issuer" to a broader financial infrastructure and network platform. Key variables for the future include USDC adoption growth, CPN network effects, Arc's success, and potential renegotiation of the Coinbase revenue-sharing agreement.

marsbit05/13 13:56

Circle's Three-Dimensional Valuation Framework: Where Is the Bottom, Where Is the Top

marsbit05/13 13:56

US CFTC Backs Kalshi in Ohio Prediction Market Clash

The U.S. Commodity Futures Trading Commission (CFTC) has filed an amicus brief supporting prediction market platform Kalshi in its legal battle with Ohio. The CFTC argues that an Ohio district court took an "improperly narrow view" of the federal agency's jurisdiction when it allowed the state to order Kalshi to stop offering event contracts, which Ohio deemed unauthorized sports gambling. CFTC Chairman Mike Selig stated the agency will not allow state overreach to undermine its authority over these markets. The case, now before the Sixth Circuit Court of Appeals, could set a significant precedent for federally authorized prediction markets like Kalshi and Polymarket facing state-level restrictions. This marks the second recent instance of the CFTC backing a prediction market against state authorities.

TheNewsCrypto05/13 12:41

US CFTC Backs Kalshi in Ohio Prediction Market Clash