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Singapore Exchange Ltd. (SGX) is set to launch bitcoin perpetual futures in the latter half of 2025, specifically targeting institutional clients and professional investors. Retail customers will be excluded from trading these instruments, which will have strict eligibility criteria and are pending regulatory approval from the Monetary Authority of Singapore. This initiative aims to enhance institutional access to cryptocurrency derivatives through a regulated platform.
Stablecoins are gaining traction as Hong Kong positions itself as a regulatory hub for digital currencies. This shift is attracting attention from investors and businesses looking to navigate the evolving landscape of cryptocurrency regulations. The move could significantly impact the global stablecoin market.
President Donald Trump’s Strategic Bitcoin Reserve, funded by seized assets, could alleviate approximately $18 billion in sell-side pressure, according to Coinbase's Conor Grogan. However, bitcoin's price fell 5% to $85,798 following the announcement. The reserve aims to hold bitcoin as a store of value, with the US government currently possessing around 198,109 bitcoin, 122 million USDT, and 56,035 ethereum.
Emirates NBD's Liv has launched cryptocurrency trading through its Liv X app, allowing users to buy, hold, and sell digital assets seamlessly alongside traditional banking services. This initiative reflects the UAE's commitment to becoming a global hub for digital assets, supported by recent regulatory advancements. The move is expected to enhance consumer trust and encourage other banks to adopt similar services, tapping into the rapidly growing retail crypto market in the region.
Ripple's Chief Technology Officer has stated that the company should prioritize its own interests when it comes to selling XRP. This perspective highlights the ongoing discussions surrounding the management and strategy of cryptocurrency sales within the organization.
In January 2025, Indonesia's crypto transactions soared to 44.07 trillion rupiah (US$2.68 billion), a remarkable 104.31% increase from the previous year. This surge contributes to a total of 650.6 trillion rupiah (US$39.56 billion) in crypto transactions for 2024. As of February 2025, there are 1,396 crypto assets available for trading, with 19 entities authorized by the OJK, including one exchange and one clearing institution, while 14 more are seeking permits following the regulatory shift from Bappebti to OJK.
Bitcoin experienced a decline after an initial rise following President Trump's proposal for a national strategic reserve of cryptocurrencies. While the announcement generated excitement, market participants expressed caution, with Bitcoin dropping 8% from Sunday and other cryptocurrencies like ether and XRP also facing significant losses. Critics, including prominent investors, voiced concerns about the reserve's implications, suggesting it could benefit insiders at the expense of taxpayers.
Cryptocurrency prices surged after former President Trump proposed a US strategic reserve for digital assets, aiming to legitimize the industry. Bitcoin rose over 11% to trade above $94,000, while legislative proposals for a reserve are advancing despite some opposition.In banking news, Deutsche Bank faced disputes with the ECB over loan loss provisions, with the central bank suggesting a higher estimate of €2.5bn compared to Deutsche's €1.5bn. The bank ultimately reported €1.8bn in provisions for 2024, leading to the resignation of its chief risk officer.
Egypt is considering a new tax on local firms generating revenue from abroad, aiming to enhance compliance and safeguard state revenues. Regulatory changes are also being reviewed for capital gains, real estate, and the digital economy, including measures to modernize taxation and reduce evasion. The government seeks to align with global tax standards while integrating informal sectors and improving tax collection efficiency.
A trader on the decentralized platform Hyperliquid made a $7 million profit in just 24 hours by leveraging a $5.6 million investment in USDC to open 50x long positions on bitcoin and ether. The trade nearly faced liquidation before former President Trump's announcement of a crypto strategic reserve, which caused a price surge. The trader closed their positions prior to the announcement, missing out on additional gains as bitcoin rose nearly 9% and cardano surged by 58%.
Crypto Policies and Governance
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Singapore Exchange to launch bitcoin futures for institutional investors in 2025
02:45 11.03.2025
Hong Kong emerges as a global hub for stablecoin regulation
04:54 10.03.2025
Trump's bitcoin reserve aims to ease market pressure but price drops
08:50 07.03.2025
emirates nbd launches cryptocurrency trading through liv x app in uae
15:01 06.03.2025
Ripple advised to prioritize its interests in XRP sales
14:42 05.03.2025
indonesia crypto transactions soar 104 percent in january 2025
03:10 05.03.2025
bitcoin declines as optimism fades over trumps crypto reserve proposal
07:34 04.03.2025
crypto prices surge after trump proposes us crypto reserve
12:46 03.03.2025
egypt plans new tax on foreign revenue to enhance compliance and investment
10:31 03.03.2025
trader profits seven million dollars ahead of trump's crypto announcement
06:00 03.03.2025
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