Tether completes first full financial audit, receives clean KPMG opinion
KPMG’s audit covered Tether’s 2025 financial statements and found its reserves exceeded liabilities by $6.8 billion. Source：Cointelegraph
America doesn’t need a second-class payments system
If an institution qualifies to participate in America’s banking system, it should have a clear path to America’s payment system, argues Anchorage Digital's…
A part of FTX survived, and it’s the case for the CLARITY Act
When FTX collapsed, the parts of it bound by law survived. Mainstream finance is now converging with digital assets, and the law built to protect it the same…
Free Markets and Innovation, Sort Of
The Journal’s editorial board rejects crypto competition and instead misinterprets Clarity, a proinnovation, procompetition, and proconsumer bill, argues the…
Crypto may have institutionalized, but it still trades like a rumor mill
The more institutional crypto becomes, the more it prices on headlines. The edge now is reading the positioning data underneath, not reacting to the narrative…
Everyone has the perps convergence backwards
Crypto is said to be growing up to look like Wall Street. The evidence in its biggest market points the other way, argues Bitget CEO Gracy Chen. Source：CoinDesk
Coinbase's weak quarter leaves Wall Street split on timing of a recovery
Most analysts blamed a weak crypto market for Coinbase's earnings miss, though opinions diverged on when trading activity will recover. Source：CoinDesk
RWA perps will outpace tokenization
Tokenization was crypto's first big export to TradFi. Perps are next, says Martin Lee, markets insight lead at DWF labs. Source：CoinDesk
The systemic-risk debate over perpetual futures is aimed at the wrong target
As perpetuals enter regulated markets, critics warn they import systemic risk. But the risk comes from venue design — leverage limits, margin rules, index…
SpaceX is a battleground Solana must win
Perps are a trojan horse to bring all of traditional finance onchain, argues Brian Smith, president of the Jito Foundation. Source：CoinDesk
Democratizing weather derivatives through tokenization could be crypto's most important real-world use case
Main Street, which faces the most significant climaterelated financial risk, currently lacks an avenue to hedge weatherrelated risks, argues CoinDesk’s Omkar…
The KIDS Act is way worse than digital carding — it is a mass surveillance system
The fact that lawmakers are even contemplating a bill that would create a surveillance and censorship regime should be a wakeup call for everyone who values…