Commodities Investment News

Pyth Network has expanded its decentralized oracle services with real-time oil market data for WTI and Brent Crude Oil, enabling DeFi energy market applications.

The USDt issuer needs ways to deploy billions of dollars in profits, and commodity traders could benefit from expanded credit.

Cantor Fitzgerald CEO Howard Lutnick advocates for Bitcoin to be classified as a commodity, citing its similarities to gold and oil.

According to Michael van de Poppe, an upcoming surge in global liquidity, fueled by debt refinancing, could trigger the next Bitcoin bull run.

The company is following the steps of Prometheum, which now treats four cryptocurrencies as securities.

According to Chris Yin, investor demand for RWAs is moving “upstream” from tokenized treasury bills to private alternative assets. 

Prometheum is the only SEC-registered crypto custody provider and already treats ETH as a security.

The notice came the same day a judge approved a $12.7 billion settlement between defunct crypto exchange FTX, Alameda Research and the US Commodity Futures Trading Commission.

After over three years of inactivity, cryptocurrency wallets linked to the Plus Token Ponzi scheme have moved $2 billion in ETH, potentially impacting the market.

The head of the US commodities regulator, Rostin Behnam, has again argued that the agency should be given regulatory oversight of Bitcoin and Ethereum to better protect investors.

Bernstein analysts Gautam Chhugani and Mahika Sapra believe the United States securities regulator likely approved the spot Ether ETFs to avoid a legal battle.

A March 4 filing for BlackRock’s spot Ether ETF called for feedback on whether the investment vehicle could be listed as a commodity.

The Financial Innovation and Technology for the 21st Century Act passed out of committee in July 2023 but could be headed for a full floor vote in the U.S. House of Representatives.

The SEC’s reported investigation into the Ethereum Foundation could explain why the regulator hasn’t been forthcoming with prospective spot Ether ETF issuers, some suggest.

Leading gold ETFs have seen outflows of $2.39 billion so far in 2024 as the price of spot gold declines.