The crypto exchange seeks a charter from the Office of the Comptroller of the Currency to separate custody from trading and expand services under a regulated banking framework. EDX Markets, an institutional crypto exchange, has applied to the US Office of the Comptroller of the Currency (OCC) to establish a national trust bank that would provide crypto custody, asset management and trade-settlement services. The proposed entity, EDX Trust, would operate as a non-depository national bank, separating custody and settlement from trading while continuing to route order matching through EDX’s existing platform. In its application, the company said the model is intended to address structural risks in crypto markets, where trading, custody and brokerage are often combined within a single platform, creating potential conflicts of interest and single points of failure. Read more
A debate over stablecoin yield, likely to impact Tether, is underway in the US government as lawmakers consider a market structure bill. Jesse Spiro, the head of government affairs at stablecoin issuer Tether, will be chairing the organization of a crypto-backed Super political action committee (PAC) to “actively support candidates” in the 2026 US midterm elections and beyond. In a Wednesday announcement, the Fellowship PAC, a committee that launched in August 2025 and later claimed to have raised “over $100 million” from undisclosed backers aligned with the crypto industry, said that Spiro would become chair ahead of its first political endorsements for the 2026 elections. The PAC said that it would support candidates in favor of innovation, regulatory clarity for digital assets, and open markets. Read more
Technical charts show Bitcoin and altcoins on the verge of a bullish trend reversal, but Bitcoin’s resistance at $69,000 could cap the current upward momentum. Key points: Buyers will have to sustain Bitcoin above $69,000 to gain the upper hand in the short term. Select major altcoins may break above their near-term resistance, signaling buying at lower levels. Read more
The reported incident could be a $200 million exploit of the decentralized crypto exchange due to a leak of a crypto wallet private key. Drift Protocol, a decentralized cryptocurrency exchange (DEX), detected “unusual” trading activity on the platform on Wednesday, warning users not to deposit funds until the issue has been resolved. The Drift team did not disclose the specific cause of the ongoing incident or the damage in its initial announcement and is currently investigating the issue. In a subsequent update, the Drift team announced that deposits and withdrawals on the platform have been suspended. Read more
The value of the Bitcoin treasury company's holdings peaked at over $711 million in October 2025, when BTC hit an all-time high of about $126,000. Bitcoin (BTC) treasury company Nakamoto (NAKA) selling its BTC at a loss could signal capitulation of more crypto treasury companies and the start of a “contagion” that could spark a wave of forced selling, according to market analyst Nic Puckrin. "Cracks are beginning to show in the digital asset treasury (DAT) market,” Puckrin said, adding that the war in the Middle East will likely place further pressure on Bitcoin’s price and treasury companies in a reinforcing cycle. He said: Nakamoto sold 284 BTC in March for $20 million, implying a price of about $70,000 per coin; the company also reduced its stake in the publicly traded Bitcoin treasury company Metaplanet, selling shares at a loss. Read more
Buffett called the recent US stock market dip “nothing” versus past 50% crashes, signaling more downside for risk assets like Bitcoin in 2026. Warren Buffett, the legendary investor and chairman of Berkshire Hathaway, revealed on CNBC this week that his firm purchased approximately $17 billion in US Treasury bills at the latest auction. Is a stock market crash coming and what does it mean for Bitcoin (BTC)? Key takeaways: Berkshire held $373 billion in cash or cash equivalents as of 2025’s close, more than double the levels in 2023. Read more
Naoris Protocol has launched a post-quantum layer-1 blockchain designed to protect transactions against future cryptographic vulnerabilities. Naoris Protocol has launched its mainnet, introducing a layer-1 blockchain designed to use post-quantum cryptography for transaction validation and network security. The network is live with limited, invite-only participation, allowing early users to run validator nodes and process transactions. According to an announcement shared with Cointelegraph, it integrates cryptographic standards finalized by the National Institute of Standards and Technology (NIST) to address risks in existing blockchains, where current encryption methods could become vulnerable over time. Before mainnet, the protocol’s test network processed more than 100 million transactions and identified hundreds of millions of potential threats, according to the project, with activity spanning millions of wallets and nodes. Read more
Michael Selig summarized his first 100 days overseeing the commodities regulator since being confirmed by the US Senate in December. Michael Selig, US President Donald Trump’s nominee leading the Commodity Futures Trading Commission (CFTC), said the agency was prepared to oversee the entire $3 trillion crypto industry, with no timeline for Congress to pass a crucial market structure bill. In a Wednesday statement about his first 100 days as CFTC chair, Selig said that the commission was “ready to take responsibility” for the crypto market and reiterated his claim that it was the sole regulator to oversee prediction markets. His comments come as the US Senate considers the CLARITY Act, a crypto market structure bill that has been effectively stalled in committee amid discussions over stablecoin yield and other issues. Read more