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White House drops Brian Quintenz from CFTC chair consideration
White House drops Brian Quintenz from CFTC chair consideration

Quick Take Brian Quintenz, whose nomination process has been thrown into disarray, was tapped to lead the agency earlier this year. The CFTC will be instrumental in how crypto is regulated. The top contender for the role is Mike Selig, who is currently chief counsel to the SEC’s crypto task force and senior advisor to the chair, a source familiar said.

The Block·2025/09/29 16:00
Bitcoin Price Analysis: Short Traders Bet $1.4B Against BTC as JD Vance Hints US Govt Shutdown
Bitcoin Price Analysis: Short Traders Bet $1.4B Against BTC as JD Vance Hints US Govt Shutdown

VP J.D. Vance hints at the first US government shutdown in seven years, with prediction markets showing 87% likelihood as lawmakers remain deadlocked on spending.

Coinspeaker·2025/09/29 16:00
Flash
  • 20:13
    dYdX launches spot trading on Solana and opens access to US users
    Foresight News reported, according to CoinDesk, that the dYdX team is launching its first spot trading product on Solana, which will also be available to U.S. traders for the first time. Previously, the exchange was almost exclusively known for its derivatives market. To attract new users, especially those from the United States, dYdX announced that trading fees will be waived in December.
  • 20:12
    Crypto journalist: US officials will continue key negotiations today on the "Crypto Market Structure Bill"
    Foresight News reported that, according to crypto journalist Eleanor Terrett, U.S. senators will continue discussions on the "Cryptocurrency Market Structure Bill" today. This afternoon, representatives from several leading industry companies will head to the White House to attend another meeting on market structure. Afterwards, the CEOs of Bank of America, Citibank, and Wells Fargo will meet with senators to discuss the issue of restricting stablecoin issuers' affiliated companies from paying interest, as well as other outstanding issues.
  • 20:12
    Machi Big Brother's 25x long position on ETH was partially liquidated
    Foresight News reported, according to Onchain Lens monitoring, as the market declined, Machi Big Brother (@machibigbrother) had part of his 25x long position on ETH liquidated, and closed part of his position at a loss 11 hours ago. The remaining positions currently have an unrealized loss of about $480,000. Overall, Machi has now lost more than $21.6 million.
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