Author: 行政

CFTC Chair forms a new Innovation Advisory Committee packed with crypto, exchange, and prediction-market CEOsMost crypto traders barely think about the Commodity Futures Trading Commission until something breaks, a lawsuit hits, or a Bitcoin futures headline crosses their feed.In the popular mental map of US regulation, the SEC is the one staring at tokens, and the CFTC is the one that shows up around Bitcoin, usually around futures.Then the CFTC went and did something that does not fit that simple story.On Feb. 12, the agency announced a fresh slate of members for its Innovation Advisory Committee, a 35-person group that…

Bitcoin developer contributors just cleared a documentation hurdle that crypto Twitter treated like an emergency quantum patch. It wasn’t.On Feb. 11, a proposal for a new output type, Pay-to-Merkle-Root (BIP-0360), was merged into the official Bitcoin Improvement Proposals repository. No nodes upgraded. No activation timeline exists.The BIPs repository itself warns that publication doesn’t imply consensus, adoption, or that the idea is even good. What actually happened is that a draft specification met the threshold for in-scope, formally documented status.Yet the framing around P2MR reveals something more interesting than the merge itself: Bitcoin’s developer community is wrestling with a migration problem…

Coinbase just posted the kind of earnings report that makes two groups of people sweat at the same time.The first group is obvious, COIN shareholders who saw the company swing into a loss while crypto prices and activity cooled. Coinbase reported about revenue of roughly $1.78B for the quarter and a loss of -$2.49 per share, when analysts were looking for a profit.Inside Coinbase’s own materials, the story looks like a business still producing cash, but taking a real hit on the bottom line, with a quarterly net loss of $667M and adjusted EBITDA of $566M.The second group is less…

Perpetual futures allow positions to stay open indefinitely, letting risk build over time. Losses increasingly stem from prolonged exposure, not sudden price moves. Contract design now plays a bigger role in risk than traditional entry and exit timing. In 2025, many retail traders realized that futures risk no longer followed a familiar lifecycle. Positions were no longer defined by clear start and end points, and losses were increasingly shaped by how long exposure was carried rather than by individual market moves. As non-expiring futures became the default contract type, traders began encountering risk that developed through persistence instead of resolution.…

The US economy is starting 2026 with an uncomfortable split-screen scenario that is complicating the outlook for Bitcoin’s recovery towards $100,000.While Wall Street credit pricing still looks calm, the “real economy” stress gauges are flashing late-cycle warning lights.This disconnect matters for Bitcoin because its path to $100,000 is no longer just about crypto-native catalysts. It is increasingly about whether the next macro downdraft forces a liquidation phase that consumes the calendar year.So, investors hoping for a straight line to six figures are facing a formidable obstacle: a consumer and corporate credit squeeze that threatens to drain liquidity from risk assets…

The Avalanche (AVAX) token traded around $8.84 as sell-off pressure kept prices lower. Bulls have failed to reclaim the $10 mark and fresh declines may push AVAX to lows of $6.30. Sentiment across crypto is largely bearish. Avalanche (AVAX) is facing mounting resistance just below the $9 mark, where persistent bearish pressure has stifled recent recovery attempts. The altcoin’s bearish outlook aligns with broader cryptocurrency market vulnerability, and having recoiled off the resistance level, technicals suggest fresh losses are likely. Avalanche price recap AVAX has navigated a turbulent path over the past month, with prices falling since hitting highs near…

The American Bankers Association (ABA) is urging the OCC to pause national bank charters for crypto firms until the GENIUS Act, the 2025 federal stablecoin law, is fully implemented. The lobby warns that premature approvals could repeat failures like FTX and Celsius, citing a lack of clear receivership protocols and potential regulatory gaps between banking and securities oversight. To prevent consumer confusion, the ABA also demands stricter rules to stop limited-purpose crypto trust entities from using the word “bank” in their official names. The American Bankers Association (ABA) is urging the Office of the Comptroller of the Currency (OCC) to…

Bitcoin saw spot ETF outflows of over $410 million as prices struggled. Over $2.5 billion in Bitcoin options expired on Friday. Analysts say “worst of downturn” likely over but market remains bearish. Bitcoin ETFs experienced a net outflow of over $410 million on February 12, as investors withdrew capital from the exchange-traded funds amid growing fears of a broader crypto market downturn. And on Friday morning, Feb. 13, BTC price fluctuated near $66,800 as the market recorded a massive $2.5 billion Bitcoin options expiry. Crypto analysts have shared their thoughts on what this could mean for the Bitcoin price in…

SEC Chair Paul Atkins identified prediction markets as a major regulatory priority due to “overlapping jurisdiction” between the SEC and the CFTC. Atkins asserted the SEC already has the authority to regulate these contracts, stating that a product remains a security regardless of its format or how it is described. The regulatory focus comes as platforms like Kalshi and Polymarket face both rapid growth and legal challenges from states claiming they violate gambling laws. SEC Chair Paul Atkins told the Senate Banking Committee on Thursday that prediction markets have become a major regulatory priority and could fall under both SEC…

Bitcoin’s mining difficulty decreased by 11.16% to approximately 125.86 trillion at the most recent retarget boundary around block 935,424.That marks the largest negative adjustment since the 2021 China mining ban, the sixth consecutive downward retarget, and the tenth largest negative adjustment in Bitcoin’s history.However, difficulty adjustments are lagging indicators, as they reflect what occurred over the previous 2,016 blocks rather than what’s happening now.The real question is whether the machines that went dark are coming back, or whether this retarget marks the start of a deeper miner shakeout.The most useful forward signal is the next adjustment. CoinWarz is already estimating…