Shares of the European crypto asset manager are set to start trading today, marking a venue shift as digital asset companies navigate a weaker market backdrop. CoinShares, a European-based digital asset manager, is slated to make its US public markets debut today following the completion of a special purpose acquisition company (SPAC) merger, highlighting the crypto industry’s deepening ties with public markets. The company announced Wednesday that it had finalized a previously announced business combination with Vine Hill Capital Investment Corp., resulting in the formation of a new holding entity, CoinShares PLC. The combined company begins trading on the Nasdaq on Wednesday under the ticker symbol CSHR. The transaction, first unveiled in September, values CoinShares at approximately $1.2 billion and includes a $50 million capital commitment from institutional investors. Read more
Australia passes a law requiring crypto exchanges and custodians to obtain financial services licenses as the country moves to regulate digital asset platforms. Australia has passed legislation that will bring many digital asset platforms and tokenised custody platforms under the country’s financial services licensing regime. The Corporations Amendment (Digital Assets Framework) Bill 2025 has now cleared both houses of the Australian Parliament, according to parliamentary records, marking the biggest step yet in Canberra’s push to create a dedicated regulatory framework for digital assets. Introduced in November 2025, the bill amends the Corporations Act and ASIC Act to regulate digital asset platforms and tokenised custody platforms, with the stated aim of improving consumer protection, market integrity and regulatory certainty. Read more
US Fed Governor Michael Barr said clearer US rules could help the market grow, but warned that GENIUS Act implementation must still guard against runs, weak reserves and illicit finance. US Federal Reserve Governor Michael Barr said Tuesday that clearer US stablecoin rules could speed the market’s growth, but warned that regulators still need to address money laundering risks, bank run risks and consumer safeguards as they implement the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Speaking at a Federalist Society event on stablecoin regulation, Barr said the law provides “needed clarity” for issuers, but that “a great deal will depend on how federal and state regulators implement the statute.” Barr said stablecoins are still used mainly for crypto trading and as a US dollar store of value in some foreign markets, though they could also lower remittance costs, speed up trade finance processing and help firms manage treasury operations. He also highlighted the risk of bad actors...
Extraditions of executives from market makers Vortex, Contrarian, Gotbit and Antier mark the latest step in a multi‑agency effort targeting alleged “market‑manipulation‑as‑a‑service.” Three crypto executives extradited from Singapore appeared in federal court in Oakland on Monday as US prosecutors expanded a wash-trading case that has now charged 10 foreign nationals tied to four crypto market-maker companies. The court appearances mark the latest step in a US crackdown on alleged wash trading in digital asset markets that began with an undercover operation unsealed in October 2024, according to a Tuesday press release from the US Justice Department (DOJ). The DOJ said the cases, which center on Gotbit, Vortex, Antier and Contrarian over conduct dating back to 2018, involve schemes to inflate token prices and volumes through coordinated trading that made assets appear more liquid and in-demand than they really were. Read more