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US Commodity Futures Trading Commission Acting Chairman Caroline Pham has scrapped “outdated guidance” on the delivery of crypto, which has been applauded for offering exchanges more flexibility.“Eliminating outdated and overly complex guidance that penalizes the crypto industry and stifles innovation is exactly what the Administration has set out to do this year,” Pham said on Thursday.The guidance, originally finalized in March 2020, related to when the “actual delivery” of crypto happened in a commodity transaction, but the CFTC said in a notice that it had to “reevaluate such guidance in light of further developments during the past 5 years.”The CFTC…

The US Commodity Futures Trading Commission has added a host of blockchain industry executives alongside counterparts from traditional finance as part of the agency’s new CEO Innovation Council. According to an announcement on Wednesday, the CEO Innovation Council will discuss market structure developments relating to the derivatives markets overseen by the CFTC. The discussion topics will primarily be about “tokenization, crypto assets, 24/7 trading, perpetual contracts, prediction markets and blockchain market infrastructure.” The list of participants includes the bosses of crypto exchanges and prediction markets such as Polymarket, Kalshi, Kraken, Gemini, Bitnomial, Crypto.com and Bullish.  Alongside the crypto CEOs, the counterparts from traditional finance…

Wheat posted Wednesday weakness, as futures saw a delayed response to USDA’s added world production from Tuesday. Chicago SRW futures poste losses of a nickel in the front months on the midweek session. KC HRW futures saw losses of 3 to 4 cents on Wednesday. MPLS spring wheat as steady to a penny lower.The weekly Export Sales report will get another catch-up release on Thursday morning. Analysts are looking for between 200,000 to 600,000 MT in sales for the week ending on 11/13. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.…

Key Takeaways Nvidia CEO Jensen Huang says Bitcoin converts excess energy into a portable form of money. His comments challenge years of criticism over Bitcoin’s electricity use. Supporters argue the network increasingly relies on stranded and renewable energy sources. For more than a decade, Bitcoin’s critics have pointed to one thing above all else: its energy consumption. But this week, one of the world’s most influential technologists flipped that argument on its head. During a panel on AI and energy, Nvidia CEO Jensen Huang described Bitcoin not as an environmental burden but as a mechanism for turning unused electricity into…

Financial-system risks driven by elevated valuations across multiple asset classes and a long-standing expectation of corrections in rising markets; leverage risks in the non-bank financial intermediation sector including in private credit, risks in the less-regulated artificial intelligence and cryptocurrency sectors; higher borrowing rates for longer; and US and global financial deregulation. Protectionist and volatile global trade policies spearheaded by the US but also affecting the policies of other governments. Many governments face intensifying budgetary and public debt challenges, which may facilitate market re-appraisals of sovereign risk. Heightened geopolitical uncertainties, including Russia’s continuing war in Ukraine and fragilities in the Middle…

Shares in Twenty One Capital (XXI), the newest crypto treasury company in the US, slid 20% on its trading debut after merging with the blank-check company Cantor Equity Partners.Twenty One Capital opened trading on Tuesday at $10.74, below the closing price of $14.27 on Monday for Cantor’s special purpose acquisition company that it merged with.The new Bitcoin (BTC)-focused company’s stock closed trading on Wednesday at $11.42, down 19.97% over 24 hours. However, it later saw a slight 2.2% lift after-hours to $11.67, giving it a market capitalization of around $4 billion based on its outstanding shares.Twenty One was among the most…

March arabica coffee (KCH26) on Tuesday closed up +2.55 (+0.70%), and January ICE robusta coffee (RMF26) closed up +10 (+0.24%).Coffee prices rose on Tuesday, recovering some of Monday’s sharp losses.  Below-normal precipitation in Brazil is supportive of coffee prices.  Somar Meteorologia reported Monday that Brazil’s largest arabica coffee-growing area, Minas Gerais, received 11 mm of rain during the week ended December 5, or 17% of the historical average.   Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.  Coffee prices fell back from their best levels on Tuesday after the Brazilian real…

Key Takeaways Crypto investment products logged their second straight week of inflows, totaling $716 million. Bitcoin products attracted more than $350 million, while short-Bitcoin vehicles saw record outflows. XRP led all altcoin ETPs with $245 million in inflows—its strongest week of the year. After watching billions exit the market through most of November, institutional sentiment toward digital assets finally appears to be turning. Last week, crypto investment products posted $716 million in inflows, marking the second consecutive week of renewed demand and lifting total assets under management to $180 billion. While still far below the $264 billion peak set earlier…

The US Commodity Futures Trading Commission has issued updated guidance for tokenized collateral in derivatives markets, paving the way for a pilot program to test how cryptocurrencies can be used as collateral in derivatives markets.Collateral in derivatives markets serves as a security deposit, acting as a guarantee to ensure that a trader can cover any potential losses. The digital asset pilot, announced by CFTC acting chairman Caroline Pham on Monday, will allow futures commission merchants (FCM) — a company that facilitates futures trades for clients — to accept Bitcoin (BTC), Ether (ETH) and Circle’s stablecoin USDC (USDC) for margin collateral.The CFTC…

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Four Corners Property Trust Inc (Symbol: FCPT) presently has a stellar rank, in the top 10% of the coverage universe, which suggests it is among the top most “interesting” ideas that merit further research by investors. But making Four Corners Property Trust Inc an even more interesting and timely stock to look at, is the fact that in trading on Monday,…