Latest from Michael Bellusci
Hedge Fund Fir Tree Makes Big Short Bet Against Tether: Bloomberg
The asymmetric bet limits the downside, but promises big profits if correct, the firm's clients say.
SEC Rejects NYDIG, Global X Spot Bitcoin ETF Applications
The move continues a recent string of denials by the SEC of applications for spot bitcoin ETFs.
US Department of Labor Urges ‘Extreme Care’ Before Adding Crypto to 401(k) Plans
The department warned that cryptocurrency investments present “significant risks and challenges to participants’ retirement accounts.”
FTX Picks Stripe to Build Payments and Risk Mitigation Feature
Stripe’s platform will enable a new fiat-to-crypto on-ramp for the rapidly growing exchange's customers.
FTX.US Derivatives Seeks CFTC Approval to Clear Margin Trades Directly for Customers
The company says the change would allow customers to assess and respond to derivatives risks in real time.
EBay Teases 'Digital Wallet' in Investor Presentation as Crypto Rumors Swirl
CEO Jamie Iannone recently said eBay is studying crypto as a form of payment.
USDF Stablecoin Consortium Adds 3 More Banks
Amerant Bank, ConnectOne Bank and Primis Bank will join the U.S.-based group pushing for blockchain-based payment rails.
Crypto Miners to Benefit From Biden’s Executive Order: Jefferies
The investment bank reiterated buy ratings for Argo Blockchain and Marathon Digital following Wednesday’s action by the White House.
FTX Launches New Unit Focused on Institutional Investors
FTX Access will offer institutional investors access to advisory services, index products and trade execution, among other items.
State Street to Offer Crypto Custody in Pact With Copper
The move follows the custodial banking giant launching its crypto division in June.
