The Daily Crypto Briefing

The Daily CRYPTO Briefing - 10/01/2025


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Welcome to The Daily Crypto Briefing, your daily dose of crypto news. I'm Thomas, and here are today's headlines. In today's roundup: The CFTC investigates Polymarket through Coinbase, new controversies arise in FTX bankruptcy proceedings, CleanSpark achieves a significant Bitcoin holding milestone, JP Morgan shares insights on MiCA's impact on euro stablecoins, and Donald Trump ventures into Bitcoin Ordinals with a new NFT collection. First up, the Commodity Futures Trading Commission has subpoenaed Coinbase as part of its ongoing investigation into Polymarket. The blockchain prediction market platform, which gained attention for its political betting markets during the 2024 presidential race, is under scrutiny once again. This follows a 2022 settlement where Polymarket paid $1.4 million in fines for operating without proper registration. The platform had to restrict access to US users, yet regulatory concerns persist. Moving to the FTX bankruptcy saga, new allegations have emerged regarding the management of liquidation expenses. A creditor has raised serious concerns about what they describe as excessive spending by lawyers and administrators handling the bankruptcy proceedings. The accusations specifically point to luxury hotel stays and inflated transportation costs. This development has prompted calls for judicial review to protect creditors' interests. In more positive news, mining company CleanSpark has achieved a remarkable milestone, now holding over 10,000 Bitcoin in its treasury. With 10,097 BTC, the company has recorded a stunning 236% increase from its 2023 holdings. This achievement positions CleanSpark as the fourth-largest corporate Bitcoin holder globally, demonstrating the growing strength of institutional Bitcoin mining operations. JP Morgan has released an interesting analysis regarding the European Union's Markets in Crypto Assets regulation (MiCA). The investment bank suggests that MiCA could significantly boost the market share of euro-backed stablecoins, which currently stands at a mere 0.12%. Major European banks, including Société Générale and BBVA, are already developing their own stablecoin solutions to capitalize on this potential growth. Lastly, former President Donald Trump has launched his fifth NFT collection, this time utilizing Bitcoin's Ordinals protocol. The exclusive series consists of 160 NFTs and is initially available only to collectors who own 100 cards from his previous "Mugshot" edition, marking a strategic shift in his digital asset ventures. That wraps up today's crypto news roundup. From regulatory investigations to mining milestones and NFT innovations, the crypto space continues to evolve rapidly. I'm Thomas, and this has been The Daily Crypto Briefing. Stay informed, and we'll see you tomorrow with more updates from the world of cryptocurrency.
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The Daily Crypto BriefingBy Thomas