Why China’s state media is rebuking Binance while lauding Huobi
Is it because Huobi has an in-house Communist Party relations office, while rival exchange Binance does not? Gather ’round for a Tale of the Two Cryptos.
Is it because Huobi has an in-house Communist Party relations office, while rival exchange Binance does not? Gather ’round for a Tale of the Two Cryptos.
Other top news: Blockchain in TV and film. Going Dutch on Covid. Nodle’s new network. BMW tracking auto parts. House rentals in new intelligent city
The crypto exchange has a presence in China, but not an official registration.
Legitimacy in digital assets is often a manufactured commodity. It is a product sold by the yard, distributed via wire services, and consumed by trading bots and retail investors alike. To understand the mechanics, look at a recent report titled Manufactured Legitimacy. Chainstory, the firm behind this study, is a crypto PR agency. While they…
The Full Stack: Analyzing Coinbase’s DCO Approval On September 28, 2026, the Commodity Futures Trading Commission (CFTC) approved Coinbase Clearing LLC as a Derivatives Clearing Organization (DCO). This regulatory milestone completes the vertical integration of Coinbase’s infrastructure, allowing the firm to operate as a self-contained, end-to-end ecosystem. By housing the Designated Contract Market (DCM), the…
For the past few years, the financial industry has been obsessed with the settlement layer. We watched as Visa settled $20B in stablecoins annually and eventually became a founding validator on Circle’s Arc L1. We saw SoFi launch the first bank-issued stablecoin on Mastercard, signaling that traditional finance was ready to move value at the…
The crypto industry has a peculiar habit of building the plumbing before the water is actually allowed to flow. We have spent years watching developers construct elaborate, high-speed pipes for assets that were, until recently, largely confined to the digital equivalent of a sandbox. But the landscape is shifting. Coinbase has just hit a significant…
Imagine a portfolio that does not just sit there absorbing market shocks, but constantly adjusts its positions based on the collective intuition of thousands of strangers betting on whether the FDA will approve a new drug or if the Fed will cut rates by a quarter point. That is the bet behind the latest integration…
Every other major federal banking regulator got there first. The OCC proposed in February, the FDIC in April, NCUA in May, Treasury in August. On September 24, 2026, the Federal Reserve released two Notices of Proposed Rulemaking for Board-supervised payment stablecoin issuers under the GENIUS Act, and the federal supervisory picture was finally complete. That…
There is a strangely elegant contradiction at the center of the stablecoin industry: the companies that issue digital dollars are among the largest holders of US government debt in the world, yet the law now explicitly forbids them from sharing any of the interest that debt generates with the people actually holding the tokens. Section…