The Conversation (0)
Crypto Market Update: Klarna IPO raises US$1.37 Billion
Bitcoin and Ethereum price update
Bitcoin (BTC) was priced at US$113,654, a 0.9 percent increase in 24 hours and its highest valuation of the day so far. Its lowest was US$110,822.
Bitcoin price performance, September 10, 2025
Chart via TradingView
Bitcoin’s recent rally past US$113,000 has been spurred on by renewed buying, bullish technicals, and easing macro concerns. However, gains may be muted as traders weigh Fed policy signals and a historic downward revision to US payroll data.
Ether (ETH) was priced at US$4,389.26, an increase of 1.3 percent tover the past 24 hours. Its lowest valuation on Wednesday was US$4,280.00 and its highest was US$4,388.18.
Altcoin price update
- Solana (SOL) was priced at US$224.24, an increase of 3.4 percent over the last 24 hours. Its lowest valuation on Wednesday was US$212.10, and its highest level was US$224.15.
- XRP was trading for US$3.01, up by 0.3 percent in the past 24 hours and its highest valuation of the day so far. Its lowest valuation was US$2.94.
- SUI (Sui) was priced at its highest valuation of the day, US$3.59, up by 1.2 percent in the past 24 hours. Its lowest valuation on Monday was US$3.43.
- Cardano (ADA) was priced at US$0.8892, up by 0.8 percent and its highest valuation on Wednesday so far. Its lowest was US$0.854.
Today's crypto news to know
Klarna secures $1.37 billion in New York IPO
Klarna (NYSE:KLAR) raised US$1.37 billion in its US IPO this week, marking one of the largest fintech listings of the year and a potential catalyst for other high-growth firms eyeing Wall Street.
The Swedish buy-now-pay-later company sold 34.3 million shares at US$40 each, topping its expected price range and valuing the firm at roughly US$15 billion. That figure, however, is still far below the US$45 billion valuation it commanded at the peak of its pandemic-driven surge.
Investor appetite was strong, with the deal oversubscribed 25 times, according to people familiar with the sale.
Klarna, backed by Sequoia Capital, has been unprofitable since expanding aggressively in the US where costs have climbed faster than revenues.
Losses widened to US$52 million in Q2, but overall sales still grew nearly 21 percent year-on-year.
India leans away from sweeping crypto regulation
India is signaling it will avoid a full-scale regulatory framework for cryptocurrencies, according to a government paper reviewed by Reuters.
The document reiterated the Reserve Bank of India’s view that regulating digital assets could unintentionally confer legitimacy and increase risks to the broader financial system.
Instead, officials are leaning toward limited oversight, wary of speculative trading and systemic contagion.
This stance comes as other major economies, including Japan and Australia, advance regulatory regimes while China keeps its outright ban in place.
US developments, including federal recognition of stablecoins, have added pressure on India to clarify its position, but policymakers remain cautious. Attempts to ban private cryptocurrencies in 2021 stalled, and a planned 2024 discussion paper was shelved pending international consensus.
For now, India is prioritizing containment over expansion, even as global Bitcoin prices and adoption rates hit record highs.
Rapyd launches stablecoin payment suite
Fintech platform Rapyd has introduced its Stablecoin Payment Solutions, giving businesses the ability to accept, settle, and pay out using stablecoins through one integrated system.
The offering is pitched as an answer to fragmented global money movement, consolidating what has often required multiple providers into a single platform. Rapyd aims to tap over US$27 trillion in stablecoin transaction volume recorded across blockchains this year.
The platform enables real-time payouts, treasury management, and currency conversion, potentially easing reliance on traditional rails like SWIFT.
Executives say the service is aimed at industries from gaming to global e-commerce, where speed and liquidity are critical.
As both US and European regulators formalize rules under the GENIUS Act and MiCA, Rapyd is betting that its unified approach can help enterprises cut costs and streamline cross-border operations.
Don't forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Crypto Market Update: Bitcoin Climbs Back to US$113,000 Ahead of US Jobs Report
Bitcoin and Ethereum price update
Bitcoin (BTC) was priced at US$112,668, a 1.8 percent increase in 24 hours. Its lowest valuation of the day was US$109,399, and its highest was US$112,965.
Bitcoin price performance, September 5, 2025.
Chart via TradingView.
Ether (ETH) was priced at US$4,432.69, up by 1.2 percent over the past 24 hours. Its lowest valuation on Friday was US$4,269.81 and its highest was US$4,447.28.
Altcoin price update
- Solana (SOL) was priced at US$207.32, trading flat over the last 24 hours. Its lowest valuation on Friday was US$201.33, and its highest level was US$208.25.
- XRP was trading for US$2.86, up by 0.9 percent in the past 24 hours. Its lowest valuation of the day was US$2.78, and its highest price was US$2.87.
- SUI (Sui) was trading for US$3.41, up by 3.2 percent in the past 24 hours, its highest valuation of the day. Its lowest for Friday was US$3.24.
- Cardano (ADA) was priced at US$0.8412, up by 3.3 percent. Its lowest valuation for Friday was US$0.8043, and its highest point was US$0.8426.
Today's crypto news to know
Bitcoin reclaims US$113,000 level ahead of US jobs report
Bitcoin surged to US$113,000 on Friday, its strongest level since late August, ahead of the US jobs report.
The rally pushed Bitcoin dominance to nearly 59 percent, the highest in two weeks, suggesting capital is flowing back into the cryptocurrency after weeks of rotation into Ether. Analysts are pointing to the “max pain” effect as a possible driver, with US$3.28 billion in Bitcoin options expiring around a strike price of US$112,000.
The theory suggests that options sellers, often institutions, steer prices toward the level where most options buyers lose money. On this occasion, Bitcoin’s price movement matches the theory almost exactly, a rare alignment.
Still, traders remain split on whether max pain has predictive power in digital assets. All eyes are now turning to the US jobs report, which could set the tone for Bitcoin's next major move.
Fireblocks launches payments network for stablecoin transactions
Digital asset infrastructure firm Fireblocks has rolled out a new network designed specifically for stablecoin transfers among banks, payment providers and crypto institutions. The Fireblocks Network for Payments supports cross-border treasury flows, corporate payouts, remittances and merchant settlements through a single API.
More than 40 partners, including Circle Internet Group (NYSE:CRCL), Paxos and Swiss bank Sygnum, are already live on the platform. What sets the service apart is its built-in compliance layer, which handles anti-money laundering, sanctions and travel-rule requirements across all transactions.
Fireblocks also has integrated its own verification tools alongside partnerships with firms like Notabene, Elliptic and Chainalysis to ensure adherence to regulatory standards.
Gemini expands EU presence with staking and perpetual futures
Crypto exchange Gemini has broadened its European services with new staking and derivatives products under the region’s MiCA regulatory framework. Customers can now stake Ether and Solana directly through Gemini, with Ether rewards varying and Solana yields offered at up to 6 percent.
In addition, the exchange has launched Gemini Perpetuals, a futures product denominated in USDC that offers up to 100x leverage without expiration. The new services also operate under the firm’s MiFID II license as the exchange seeks further compliance with clearer rules for crypto assets.
Gemini recently moved its European base of operations to Malta to align with MiCA requirements. The company said the expansion reflects Europe’s importance as a growth market for regulated digital asset products.
Don't forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Crypto Market Update: SEC, CFTC Open Door to Spot Crypto Trading on Registered Exchanges
Bitcoin and Ethereum price update
Bitcoin (BTC) was priced at US$112,188, a 1.4 percent increase in 24 hours. Its lowest valuation of the day was US$111,203, and its highest was US$112,502.
Bitcoin price performance, September 3, 2025.
Chart via TradingView.
Crypto sentiment has rebounded after Bitcoin's dip below US$110,000 last week.
According to trader CrypNuevo, the coin's retreat was a "false move." A potential interest rate cut from the US Federal Reserve on September 17 could act as a bullish catalyst for risk assets.
Ether (ETH) was priced at US$4,476.03, up by 4.8 percent over the past 24 hours. Its lowest valuation on Wednesday was US$4,377.97 and its highest was US$4,486.12.
Altcoin price update
- Solana (SOL) was priced at US$210.18, up by 2.4 percent over 24 hours. Its lowest valuation on Wednesday was US$209.09, and its highest level was US$212.41.
- XRP was trading for US$2.86, up by 1.5 percent in the past 24 hours. Its lowest valuation of the day was US$2.85, and its highest price was US$2.88.
- SUI (Sui) was trading for US$3.40, up by 2.6 percent in the past 24 hours, its highest valuation of the day. Its lowest for the day was US$3.3.35.
- Cardano (ADA) was priced at US$0.8405, up by 2.6 percent. Its lowest valuation for Wednesday was US$0.8328, and its highest point was US$0.8417.
Today's crypto news to know
US regulators clear path for spot crypto products
The Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) will allow registered exchanges to offer certain spot crypto products, a move that could reshape US digital asset trading.
In a joint statement on Tuesday (September 2), the agencies said exchanges under their oversight will be permitted to facilitate transactions tied to leverage, margin and financed spot retail commodity products.
While no specific coins were named, the message signals a coordinated approach to expanding investor access.
The statement builds on an earlier call for regulatory clarity in digital finance from the president's Working Group on Digital Asset Markets. It also comes as the Trump administration continues rolling back lawsuits and enforcement actions that dogged the cryptocurrency sector under previous leadership.
In a statement posted on X, CFTC Acting Chair Caroline Pham called the decision “another win on regulatory clarity.”
Winklevoss-backed Bitcoin firm to go public in Amsterdam
A Bitcoin treasury company supported by Cameron and Tyler Winklevoss is heading for the public markets in the Netherlands, Reuters reported. It will list via a reverse takeover of Dutch investment vehicle MKB Nedsense.
The firm, called Treasury, will be backed by Winklevoss Capital and Nakamoto Holdings. Treasury has already raised 126 million euros and built a stash of more than 1,000 BTC.
The deal values Treasury at a hefty premium, with plans to consolidate shares at 2.10 euros apiece. Bitcoin-only treasury firms have grown in appeal as the world’s largest cryptocurrency keeps smashing record highs.
While Europe has rolled out several Bitcoin-linked exchange-traded products, investor uptake has lagged behind the US spot exchange-traded fund (ETF) boom. Treasury’s listing places a bold bet that Amsterdam can become a hub for institutional Bitcoin holdings, with trading set to start under the ticker TRSR.
CFTC grants Polymarket regulatory clarity for US relaunch
In a Wednesday notice, the CFTC said it has issued a no-action letter to QCX and QC Clearing.
The two entities were recently acquired by prediction market platform Polymarket so that the company could gain the legal and regulatory licenses it needed to operate in the US. This new development essentially gives Polymarket temporary relief from reporting and record-keeping rules for its event contracts.
The letter also provides Polymarket with the regulatory clarity to officially relaunch its platform for users in the US. “This process has been accomplished in record timing,” said CEO Shayne Coplan in an X post. “Stay tuned.”
Bancorp to relaunch digital asset custody services
US Bancorp (NYSE:USB), a prominent financial institution, is restarting its digital asset custody services, specifically targeting institutional investment managers. This strategic move comes as the Trump administration continues its efforts to foster a more crypto-friendly regulatory environment. Previous SEC regulations compelled banks to allocate substantial capital on their balance sheets for cryptocurrency-related activities.
US Bancorp will initially offer Bitcoin custody services, targeting registered investment funds and existing Bitcoin ETF providers. Crypto firm NYDIG will act as the sub-custodian. The bank may broaden its custody offerings to include other cryptocurrencies, provided they meet its stringent internal risk and compliance standards.
Trust Wallet integrates tokenized US stocks and ETFs
Binance co-founder Changpeng CZ Zhao’s Trust Wallet has integrated tokenized US stocks and ETFs through partnerships with Ondo Finance and 1inch. The integration became official on Wednesday following an announcement in June to introduce real-world asset (RWAs), tokens that represent traditional financial assets.
Ondo Finance will provide the tokenized RWA assets, while 1Inch is enhancing the swap functionality to ensure smooth and efficient transactions. The platform supplying the assets launched on the Ethereum blockchain with over 100 tokenized stocks and ETFs, with plans to offer 1,000 by the end of the year.
The company also plans to support BNB Chain and Solana in the near future.
Ethereum Foundation to sell US$43 million in ETH for ecosystem funding
The Ethereum Foundation has announced plans to offload another 10,000 ETH, valued at roughly US$43 million, to finance research, ecosystem grants and philanthropic work. The organization said the tokens will be sold gradually through centralized exchanges rather than in a single transaction, aiming to avoid market disruption.
Just weeks ago, the foundation sold a similar tranche to SharpLink Gaming (NASDAQ:SBET), making that firm the first public company to directly acquire ETH from the network’s core steward. In June, the foundation unveiled a new treasury framework that caps annual spending at 15 percent and builds a long-term reserve buffer.
Ether saw a recent surge in price as it touched a record high of US$4,866 in late August.
Don't forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Crypto Market Update: Stablecoins Top US$283 Billion in Circulation, Bitcoin Decline Continues
Bitcoin and Ethereum price update
Bitcoin (BTC) was priced at US$108,292, a 3.2 percent decrease in 24 hours. It opened at its highest valuation of the day, US$110,473. Its lowest valuation today was US$108,107.
Bitcoin price performance, August 29, 2025.
Chart via TradingView.
Bitcoin's slip below the US$110,000 threshold stoked fears of a broader crypto market correction on Friday as liquidations doubled, the US Federal Reserve’s preferred inflation gauge showed persistent price pressures, and Bitcoin flashed a potential risk pattern. Analysts warned the token could be edging toward bear market territory.
According to analyst Rekt Capital, BTC needs to regain US$114,000 as support to prevent an extended correction period.
Adding to volatility, a long-dormant Bitcoin whale that resurfaced this month — after buying US$2.5 billion in Ethereum — shifted another US$1.1 billion on Friday.
Ether (ETH) was priced at US$4,345.17, down by 2.3 percent over the past 24 hours. Its highest valuation today was US$4,389.08, and its lowest was US$4,279.96.
Altcoin price update
- Solana (SOL) was priced at US$203.21, down by 3.5 percent over 24 hours. Its lowest valuation on Friday was US$201.61, and its highest valuation was US$211.02.
- XRP was trading for US$2.82, down by 4.4 percent in the past 24 hours. Its lowest valuation of the day was US$2.80, and its highest was US$2.87.
- SUI (Sui) was trading for US$3.26, down by 4.8 percent in the past 24 hours. Its lowest valuation of the day was US$3.22, and its highest level of the day was US$3.35.
- Cardano (ADA) was priced at US$0.8204, down by 3.1 percent. Its lowest valuation for Friday was US$0.8131, and its highest valuation was US$0.8314.
Today's crypto news to know
Stablecoins cross US$283 billion threshold record
The stablecoin market reached a new milestone on Friday as total supply climbing to $282.8 billion, according to data from DefiLlama. That marks a 128 percent increase since January, driven by stronger demand for dollar-pegged tokens and fresh regulatory clarity in the US. The surge also follows passage of the GENIUS Act, which sets out federal guidelines for stablecoin issuers and has been billed as a growth catalyst within the sector.
Analysts say stablecoins now serve as a “distribution channel” for US dollars, powering cross-border payments and on-chain settlement systems.
Trump-linked miner American Bitcoin targets September Nasdaq listing
American Bitcoin, a mining company backed by Eric Trump and Donald Trump Jr., is preparing to list on Nasdaq in September following its merger with Gryphon Digital Mining, Reuters reported.
The firm is majority owned by Hut 8 Mining (TSX:HUT,NASAQ:HUT), which controls 80 percent of the business, while the Trump brothers are expected to collectively hold about 19 percent. The company has already raised $220 million to expand its operations and accumulate Bitcoin, adding 215 BTC to its balance sheet as of June.
With Bitcoin trading near US$112,000 this week, that stash is valued at roughly US$24 million.
CEO Asher Genoot said American Bitcoin aims to become one of the largest US mining firms, with backing from high-profile investors including Gemini founders Tyler and Cameron Winklevoss.
Hut 8’s own share price has rallied 29 percent this year. If listed today, American Bitcoin would rank among the top 30 public companies holding Bitcoin in the US.
Eric Trump hails US-China leadership in Bitcoin
Speaking at the BTC Asia conference in Hong Kong, Eric Trump praised China’s influence on the digital asset industry and said the US and Beijing were “leading the way” in shaping Bitcoin’s future.
He credited the Middle East as another fast-moving hub for crypto adoption, while stressing Bitcoin’s ability to unite people across borders and cultures.
The younger Trump also added that his father’s administration had accelerated digital asset policy faster in seven months than the prior decade managed. He described America as “winning the digital revolution” with support from Wall Street institutions, sovereign wealth funds, and retirement investors.
Asked whether Bitcoin would be on the agenda in an upcoming US-China trade meeting, he suggested broader topics would dominate but said he “would certainly love to talk about bitcoin.”
21Shares files for SEI-tracking ETF
Crypto asset manager 21Shares has submitted an S-1 registration statement to the US Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) that would track the price of SEI.
The proposed ETF would utilize CF Benchmarks, a crypto price index provider, to track SEI's price using data from multiple crypto exchanges. Coinbase Custody Trust Company is slated to act as the SEI custodian.
SEI is the native token of the SEI network, a layer-1 blockchain launched in 2023. The network specializes in trading infrastructure for decentralized exchanges and marketplaces, using the SEI token for network gas fees and governance participation. 21Shares is also exploring the possibility of staking SEI to generate additional returns, though the firm noted in its filing that it is still investigating potential "undue legal, regulatory or tax risk" associated with this practice.
In an X post, 21Shares said the ETF filing is a “key milestone in our vision to expand exchange-traded access to the SEI Network.” US digital asset investment firm Canary Capital also applied for an SEI ETF in April.
Bloomberg’s James Seyffart has listed all 92 crypto ETPs filings and applications awaiting SEC decisions.
US Department of Commerce to publish economic data onchain
The US Department of Commerce (DOC) announced on Wednesday (August 27) that it will begin publishing official economic data on at least nine public blockchains.
Its stated goal is to make vital information immutable and tamper-proof.
In a significant move for the industry that further underscores the potential of decentralized technology to improve governmental operations, the department is collaborating with blockchain data providers Chainlink and Pyth Network to serve as a bridge across various networks, including Bitcoin, Ethereum and Avalanche.
Chainlink will supply data feeds from the Bureau of Economic Analysis, while Pyth will publish GDP data. The DOC will also publish the Personal Consumption Expenditures Price Index and Real Final Sales to Private Domestic Purchasers.
Reports also indicate that exchanges like Coinbase Global (NASDAQ:COIN), Gemini and Kraken helped facilitate the process by assisting with the transactions required to publish the data on-chain.
Aave protocol's total value locked surges past US$40 billion
While the DOC's announcement is a major positive for the entire crypto space, the Aave protocol has seen a remarkable surge in its total value locked, exceeding US$40 billion. This comes after the lending platform launched the Horizon RWA Market on Tuesday (August 26), the first real-world application of its ongoing V4 upgrade strategy.
Crypto intelligence platform Nansen also noted the surge in transaction volume on Avalanche this week, with over 11.9 million transactions recorded across over 181,300 active addresses, an increase of 66 percent.
Don't forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Crypto Market Update: ETH Funds Absorb US$1.3 Billion in Weekly Inflows, CFTC Moves to Secure DeFi Market
Bitcoin and Ethereum price update
Bitcoin (BTC) was priced at US$112,039, a 1 percent increase in 24 hours. Its lowest valuation of the day was US$111,198 and its highest price on Wednesday was US$112,555.
Bitcoin price performance, August 27, 2025.
Chart via TradingView.
Bitcoin has come under pressure in recent days, briefly sliding below US$110,000 amid a broader crypto sector selloff and macroeconomic uncertainty. Trading at its lowest level in seven weeks, the drop has sparked debate among investors over whether the pullback presents a buying opportunity.
Ether (ETH) was priced at US$4,569.50, down by 0.5 percent over the past 24 hours to its lowest valuation of the day. Its highest was US$4,657.28.
Altcoin price update
- Solana (SOL) was priced at US$26.86, up by 5 percent. Its lowest valuation on Wednesday was US$203.35, and its highest valuation was US$211.54.
- XRP was trading for US$3, down by 1.6 percent in the past 24 hours, and at its lowest valuation of the day. Its highest valuation on Wednesday was US$3.04.
- SUI (Sui) was trading for US$3.47, down by 0.1 percent in the past 24 hours. Its lowest valuation of the day was US$3.44, and its highest level of the day was US$3.51.
- Cardano (ADA) was priced at US$0.8629, down by 1.1 percent. Its lowest valuation for Wednesday was US$0.8571, and its highest valuation was US$0.8751.
Today's crypto news to know
ETH inflows hit US$1.3 billion following Powell’s policy hints
ETH funds have seen a massive US$1.3 billion worth of inflows over the past week as traders respond to dovish signals from US Federal Reserve Chair Jerome Powell. Data from SoSoValue shows ETH-based exchange-traded products have absorbed US$3.7 billion since June, compared with US$900 million in outflows from Bitcoin funds.
The surge also coincides with ETH hitting a new all-time high of US$4,955 on Sunday (August 24).
Publicly listed companies joined the rush too, adding ETH to their corporate treasuries and pushing collective holdings to nearly 5 percent of total supply. That accumulation rate is running at more than twice the fastest quarterly pace Bitcoin has ever seen, according to Standard Chartered’s (LSE:STAN) Geoffrey Kendrick via DLNews.
Trump Media, Crypto.com seal US$6.4 billion CRO treasury deal
Trump Media & Technology Group shares climbed 5 percent on Tuesday (August 26) after the company confirmed a US$6.42 billion partnership with Crypto.com to launch a CRO-focused treasury vehicle.
Dubbed the Trump Media Group CRO Strategy, the new entity will be seeded with US$1 billion in CRO and its balance will be structured as an equity line for future token purchases. As part of the agreement, the company will operate a validator node on the Cronos blockchain, staking all its tokens to earn network rewards. CRO prices soared 30 percent in a single day after the announcement, even as most of the crypto market lagged.
Still, the deal has stirred controversy among token holders, as it requires reissuing 70 billion CRO previously “burned” to reduce supply, effectively inflating circulation by more than 200 percent.
CRO jumped 40 percent on the announcement and was up by over 25 percent over 24 hours at the time of writing.
Canary Capital files for first spot ETF tracking Trump meme coin
Crypto fund manager Canary Capital has submitted paperwork to launch the first spot exchange-traded fund (ETF) tied directly to US President Donald Trump’s meme coin, $TRUMP, according to a Reuters report.
Unlike earlier applications filed under the 1940 Investment Company Act, Canary’s proposal was lodged under the 1933 Securities Act, meaning the ETF would hold $TRUMP tokens outright rather than use offshore subsidiaries or cash equivalents. The application comes despite skepticism from analysts, who note that the US Securities and Exchange Commission (SEC) typically requires a futures ETF to trade for six months before approving a spot product.
The filing follows the SEC’s February announcement that meme coins fall outside its securities jurisdiction, a decision seen as aligning with the president’s pro-crypto stance.
The $TRUMP token has lost more than 70 percent of its value since launching in January. Analysts expect the SEC to rule on several meme coin ETF applications later this year.
DeFi industry coalition advocates for developer protections
The DeFi Education Fund and a coalition of more than 110 crypto companies, investors and advocacy groups sent a letter to the Senate Banking and Agriculture Committees on Wednesday, urging lawmakers to update financial rules to ensure developers and non-custodial actors are not misclassified as intermediaries. The signatories include major players in the DeFi space, such as Coinbase Global (NASDAQ:COIN), Kraken, Ripple, a16z and Uniswap Labs.
“Provide robust, nationwide protections for software developers and non-custodial service providers in market structure legislation,” the letter reads. “Without such protections, we cannot support a market structure bill.”
CFTC to integrate Nasdaq Market Surveillance platform
The Commodity Futures Trading Commission (CFTC) announced on Wednesday that it plans to integrate Nasdaq’s Market Surveillance platform, a financial surveillance tool developed by Nasdaq.
“As our markets continue to evolve and integrate new technology, it’s critical that the CFTC stays ahead of the curve,” acting CFTC Chair Caroline Pham said in a press release. “Nasdaq Market Surveillance will, for the first time, provide the CFTC with automated alerts and cross-market analytics that will benefit each of the CFTC’s operating divisions and better protect our markets from fraud, manipulation and abuse.”
The CFTC asserts that using the platform will allow the agency to more efficiently analyze market trends and spot unusual trading activity, enabling staff to take quicker action against bad actors.
Don't forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
