U.S. crypto, financial markets and economic policy: the latest reporting from The Token Press.
Cathie Wood’s ARK Invest bought over $5 million in Bullish shares following the exchange’s U.S. launch and regulatory approval across 20 states. Bullish, backed by Block.one and led by Tom Farley, has processed $1.5 trillion in global trades and is emerging as one of the most prominent regulated exchanges in the crypto industry.
Bitcoin enters November — historically its strongest month with an average 42% gain since 2013 — amid supportive macro conditions like easing U.S.–China trade tensions, potential Fed rate cuts, and the end of quantitative tightening. However, the ongoing U.S. government shutdown continues to delay ETF approvals and broader crypto regulation, tempering optimism.
The Trump memecoin issuer is in talks to acquire Republic.com’s U.S. arm while planning a $200M buyback fund to revive its token. The move follows Coinbase’s $375M Echo acquisition, underscoring a broader race to dominate the onchain fundraising ecosystem.
Grayscale’s GSOL ETF debuts on NYSE Arca with $103 million in seed capital, directly competing with Bitwise’s $223 million Solana ETF. Both products offer staking rewards, marking a major step in Solana’s institutional adoption and solidifying its position as a leading blockchain network for next-generation finance.
Thailand’s SEC and cybercrime police raided a World iris scanning site for allegedly operating an unlicensed crypto service linked to its WLD token. The move adds to mounting international regulatory pressure on Sam Altman’s digital identity project, which continues to face privacy and compliance challenges across multiple countries.
Binance founder Changpeng Zhao rebuked Senator Elizabeth Warren for falsely claiming he pleaded guilty to money-laundering, clarifying his charge was a compliance failure under the Bank Secrecy Act. His presidential pardon by Donald Trump has sparked accusations of corruption from Democrats, as political tensions over crypto policy continue to escalate.
President Trump pardoned Binance founder Changpeng Zhao, ending the DOJ’s landmark crypto case. The White House called it a victory for innovation and the end of “Biden’s war on crypto,” potentially signaling a more favorable era for the digital asset industry in the U.S.
Hong Kong’s approval of the ChinaAMC Solana ETF marks another milestone in the global expansion of regulated digital asset products — and underscores how far the U.S. still trails. With major players like Bitwise predicting Solana will underpin the next generation of tokenized finance, Asia is cementing its lead in institutional crypto innovation.
U.S. Bitcoin and Ethereum ETFs recorded over $180 million in combined outflows Monday, extending a week of red amid government paralysis and widening protests. Analysts warn that the political turmoil is eroding institutional confidence — though a policy resolution could swiftly revive investor appetite for crypto.
U.S. Bitcoin ETFs lost $1.2 billion this week amid a sharp BTC selloff, led by major redemptions from BlackRock and Fidelity funds. Yet, Charles Schwab reports record engagement, with its clients now owning 20% of all crypto ETPs — signaling that institutional interest remains strong despite near-term volatility.
Prediction markets are rapidly entering the mainstream, with Polymarket and Kalshi leading the charge. Experts say their simplicity and cultural relevance could make them DeFi’s first mass-adopted product — bridging the gap between Wall Street and everyday users.
The U.S. Senate’s new GAIN Act would require chipmakers to serve domestic AI and HPC orders before exporting overseas, potentially tightening global supply. While aimed at boosting national AI resilience, the measure threatens to worsen conditions for the crypto mining sector already hit hard by tariffs and trade restrictions.
Zcash (ZEC) has rebounded sharply to pre-crash levels after the crypto market’s $20B wipeout, showcasing resilience amid extreme volatility. The recovery follows Trump’s China tariff announcement, which triggered widespread sell-offs and revived fears of a global trade war.
Crypto.com CEO Kris Marszalek has called for regulators to investigate exchanges after a record $20B in liquidations triggered widespread losses. The crash, fueled by Trump’s China tariff shock and token depegs, has raised questions about market integrity and exchange risk management.
Bitcoin ETFs attracted $2.71 billion in weekly inflows, bringing total AUM to $159 billion and reaffirming institutional confidence. Despite a brief outflow tied to Trump’s tariff comments, inflows remain robust, as ETF filings surge and investors continue treating Bitcoin as “digital gold.”
Democratic senators have proposed a “restricted list” for risky DeFi protocols and new KYC rules for crypto wallets, drawing widespread backlash. Critics warn the move could cripple U.S. DeFi innovation, drive developers overseas, and undo recent bipartisan progress on crypto regulation.
Global crypto ETP inflows have already surpassed 2024’s record at $48.7 billion, driven by surging demand for Ether, Solana, and XRP funds even as Bitcoin’s dominance declines. With upcoming SEC decisions on altcoin ETFs, analysts expect another wave of institutional participation in the months ahead.
Citi Ventures has invested in London-based BVNK, underscoring Wall Street’s growing embrace of stablecoin infrastructure. The move follows improving U.S. regulation, particularly under the GENIUS Act, and aligns with Citi’s broader push into blockchain payments and digital assets.