Gemini, a prominent cryptocurrency exchange, has agreed to pay a $5 million fine to settle a case with the Commodity Futures Trading Commission (CFTC) regarding its Bitcoin futures trading. The settlement marks a significant event in the regulatory landscape of cryptocurrency exchanges. Meanwhile, Frax Finance has launched a new stablecoin backed by BlackRock’s BUIDL fund, aiming to strengthen the bridge between fiat and cryptocurrencies. In the political arena, a TRM Labs executive has compared the current excitement around cryptocurrency under Trump to the enthusiasm during the space race. Additionally, Bitcoin advocate Pierre Poilievre is leading as Canada’s next potential Prime Minister on Polymarket, though he lags behind on Kalshi. Binance, another major player in the crypto market, predicts continued growth for 2025 despite recent market volatility. Looking ahead, investment in decentralized AI, PayFi, and tokenized assets is expected to surge, with Bitcoin miners also projected to thrive due to AI hosting and BTC yield strategies.
Source: cryptoslate.com
