2+ hour ago (1351+ words) They aim to meet rising institutional crypto demand by linking traditional finance and crypto-native ecosystems [SINGAPORE] Cryptocurrencies continue to be on an upward trajectory for most of 2025, with the Singapore Exchange's (SGX) launch of perpetual cryptocurrency futures further reinforcing Singapore's leadership in the digital asset space. First announced in March and launched on Monday (Nov 24), it will make SGX one of the first exchanges in the world to offer such a derivative. Japan's Osaka Dojima Exchange has also reportedly been exploring Bitcoin futures, while US exchanges such as the Chicago Mercantile Exchange and Cboe Global Markets are planning to launch similar products. The launch of Bitcoin and Ethereum futures on SGX aims to meet rising institutional crypto demand by linking traditional finance and crypto-native ecosystems. Perpetual futures account for more than US$187 billion in daily average volumes globally, with Asia…...

19+ hour, 53+ min ago (603+ words) Every US$1 billion that is pulled from Bitcoin ETFs sends prices down by roughly 3.4%: Citi Research [NEW YORK/ MUMBAI] Exchange-traded funds (ETFs) investing in Bitcoin are heading for their worst month of outflows since launching nearly two years ago, piling yet more pressure on a jaded cryptocurrency market." Investors have pulled US$3.5 billion from the US-listed Bitcoin ETFs so far in November, almost equalling the previous monthly record for outflows of US$3.6 billion set in February, said Bloomberg. BlackRock's Bitcoin fund IBIT, which accounts for about 60 per cent of the group's assets, has registered US$2.2 billion in redemptions in November, meaning it will slump to its worst month barring a sharp reversal." The outflows come with Bitcoin itself set for its worst monthly performance since the crypto industry collapse of 2022 " a daisy chain of corporate failures punctuated by the downfall…...

5+ day, 10+ hour ago (428+ words) The fall is dealing a heavy blow to digital-asset treasury firms, whose valuations were built on the earlier rally [NEW YORK] The great crypto crash of 2025 entered a new phase on Wednesday (Nov 19), as Bitcoin plunged to its lowest level in seven months, extending the more than US$1 trillion wipeout across the digital-asset world. The largest cryptocurrency fell to as low as US$88,522 in New York trading, with the latest rout hitting investors big and small, from retail dip-buyers to digital-asset treasury firms whose stock premiums are vanishing. Token prices climbed from the lows late in the day after Nvidia gave a strong revenue forecast, helping counter concern that a global surge in AI spending is poised to fizzle. The next psychological thresholds lie around US$85,000 and US$80,000, with the 2025 trough of US$77,424, set during April's tariff-related turbulence, in focus....

1+ week, 2+ hour ago (127+ words) Regulators and law enforcement have tried to push crypto exchanges to implement anti-money laundering safeguards Read more at The Business Times. Crypto giants moved billions in illegal funds despite crackdown Regulators and law enforcement have tried to push crypto exchanges to implement anti-money laundering safeguards WHEN US President Donald Trump pardoned Zhao Changpeng in October, the White House press secretary painted the founder of the world's largest cryptocurrency exchange as the victim of a political witch hunt. "The Biden administration's war on crypto is over," declared Karoline Leavitt. Zhao and his company, Binance, had both pleaded guilty in November 2023 to operating without basic safeguards to prevent money laundering. Authorities alleged that the company authorised transactions bound for "terrorists, cybercriminals, and child abusers."...

1+ week, 1+ day ago (376+ words) The contracts will have no expiry dates and adopt a funding rate mechanism [SINGAPORE] The Singapore Exchange (SGX) will introduce Bitcoin and Ethereum perpetual futures on Nov 24 to meet rising institutional crypto demand, bridging traditional finance and crypto-native ecosystems. These contracts will offer institutional, accredited and expert investors a continuous, no-expiry structure coupled with robust clearing and margining standards of listed derivatives, said the exchange in a bourse filing on Monday (Nov 17). They will also adopt a funding rate mechanism, which allows for a reset of the basis risk. This also ensures that the price of the futures contract converges towards the underlying cryptocurrency index price, mitigating the issue of basis risk that typically arises from hedging using traditional futures that have long expiry dates, said SGX in an FAQ document on its website. The contracts will be benchmarked to…...

2+ week, 6+ day ago (345+ words) [NEW YORK] Bitcoin has wiped out its summer rally, giving back gains made during Wall Street's euphoric embrace and a surge in institutional buying. "Bitcoin's decline to the June lows reflects a market structure still grappling with the psychological overhang from October's massive liquidation event, which has fundamentally altered how participants engage with the prevailing downtrend," said Chris Newhouse, director of research at Ergonia, a firm specialising in decentralised finance. Call it a low-conviction sell-off. The total liquidation figure " both long and short " for Tuesday stood at a modest US$1 billion, according to data compiled earlier by Coinglass. That's a significant decline from the record of around US$19 billion wiped out on Oct 10. In the meantime, options traders have built substantial hedges against further downside, with put contracts expiring in late November with the strike price of US$80,000 seeing the…...

3+ week, 6+ day ago (397+ words) Fink calls gold and crypto "assets of fear" amid debasement concerns [RIYADH] BlackRock's chief executive officer Larry Fink said investors are flocking to alternative assets like precious metals and cryptocurrencies as they've grown increasingly worried about the growing piles of government debt around the world. "Owning crypto assets or gold are assets of fear," Fink said at the Future Investment Initiative in Riyadh. "You own these assets because you're frightened of the debasement of your assets. You're worried about your financial security. You're worried about your physical security." Fink's comments come amid growing momentum for the so-called debasement trade, which has investors selling government debt, as well as currencies like the US dollar, yen and euro and hoovering up gold, silver and crypto. The term debasement is a reference to when rulers such as King Henry VIII and Nero diluted…...