The Broker Club - Digital Assets Forum

Fear, Hacks, and Shakeouts - Digital Vision 12 Feeling the pain yet? This pullback has been brutal, but it’s nothing Bitcoin hasn’t survived before. In 2017 and 2021, we saw even deeper corrections, yet the market pushed higher. Right now, Bitcoin is down 28.5%, and fear is at extreme levels, lower than during the FTX collapse. But when you compare today’s environment to 2022, it’s clear the panic doesn’t match the reality. The $1.5 billion ByBit hack hasn’t helped confidence, but crypto has always learned from its failures. This time, AI Security (AISec) from Forta could be the solution that prevents another multi-billion dollar mistake. Meanwhile, MakerDAO has staged an unlikely comeback, defying the market downturn. We break down what’s driving this DeFi revival and what it means going forward. 🔓 Cryptoverse: Crypto is still secure, humans, not so much. Inside the $1.5B ByBit hack. 🤖 Digital Insight: AI Security from Forta & MakerDAO’s unexpected comeback. 🦾 DV Dealings: Holding strong https://lnkd.in/ebybeAAm

Here Come The Suits - Digital Vision 10 While Bitcoin trades within a tight range, a few standout altcoins have taken the spotlight. PancakeSwap and Binance have led the charge, driving most of the drop in Bitcoin dominance. Both have been Digital Vision favourites, covered in previous editions. CPI data came in hotter than expected, and the past few days have been a reminder of how closely crypto and macro factors are now connected. Volatility remains high, but so does opportunity. One project looking to further intertwine crypto and traditional finance is Ondo. With the launch of Ondo Global Markets and its new bespoke chain, it’s positioning itself to handle the next wave of digital assets. In this edition of Digital Vision, we break down Ondo’s latest moves, how they could reshape traditional finance, and what it means for the ONDO token and other projects set to benefit from this shift. 👔 Cryptoverse: Ondo Finance Launches Global Markets and Bespoke Chain 🔬 Digital Insight: Critical Evaluation of the ONDO Token 🔗 DV Dealings: Chainlink enters the portfolio as Uniswap, Stacks and Near get cut https://lnkd.in/eBKzR-Kw

🚨 This is happening right now 🚨 : Today, Bybit experienced a security breach resulting in the unauthorized transfer of $1.5 billion (yes, BILLION) in digital assets, primarily Ethereum (ETH), from its wallets. Co-founder assured users that all other cold wallets remain secure and that withdrawals are functioning normally. This incident has had an immediate impact on the cryptocurrency market, with Bitcoin's price dropping by over $2,000 within minutes, and the total crypto market capitalization decreasing by $70 billion in less than half an hour. Crystal Intelligence has immediately labelled and blacklisted all the addresses involved in the event and is monitoring the movement of funds.

Will institutional crypto reach new heights under Trump?   Our internal data analysis reveals a significant increase in institutional cryptocurrency trading volumes during and after the U.S. presidential election campaign. Hina Sattar Joshi breaks down the numbers. Discover Fusion Digital Assets: https://lnkd.in/ewJwYQy8

EVENT ANNOUNCEMENT 📣 Digital Assets Forum – Distributed Ledger Technologies The The Broker Club - Digital Assets Forum is a mixed group of people with trading, clearing, custody, wallet, exchange, FinTech, legal, and compliance roles working with Digital Assets. 📅 Date: Wednesday 22nd January 🕡 Time: 4:30 PM – 6 PM 📍 Venue: Cooke, Young & Keidan LLP offices, 21 Lombard Street, London 💡 Don’t miss this opportunity to listen to the latest digital news, discuss and connect with peers in the industry. For more details and to register click on the link below - https://lnkd.in/ezJrJBRg 📬 or email us at events@thebrokerclub.org #thebrokerclub #digital #assets #fintech #forum

🚀 Big News for Crypto Staking in the UK 🚀 At the Tokenisation Summit in November 2024, the City Minister, Tulip Siddiq MP confirmed plans to clarify the legal status of cryptoasset staking services under UK law. As of today, this has moved forward... A Statutory Instrument (SI) has been laid before Parliament to remove any legal uncertainty over whether certain staking services constitute a "Collective Investment Scheme" (CIS) under section 235 of the Financial Services and Markets Act 2000 (FSMA). This SI ensures that arrangements involving "qualifying cryptoassets" (as defined in paragraph 26F of the Financial Promotion Order 2005) will not be treated as a CIS for regulatory purposes. This clarity is crucial for fostering innovation and confidence in the crypto and blockchain sectors. 📅 Coming into force: 31 January 2025 (subject to the negative Parliamentary procedure). 👉 Fun / nerdy fact for politicos - a negative SI hasn't been annulled since 1979. You can access the full SI text and Explanatory Memorandum on legislation.gov.uk. The UKCBC has been pushing for this step for some time. So we warmly welcome this significant move towards creating a more robust and innovation-friendly regulatory environment for Web3 and crypto in the UK. 🌐 #Crypto #Blockchain #Web3 #Innovation #Regulation #CryptoAssets

Today, 16th of December 2024, the Financial Conduct Authority (#FCA) has published a pivotal discussion paper titled "Regulating Cryptoassets: Admissions & Disclosures and Market Abuse Regime for Cryptoassets." This initiative marks a significant advancement in the UK's approach to #cryptoasset #regulation, aiming to align the #crypto sector with traditional financial markets (#tradfi). The discussion paper outlines the FCA's proposals to introduce comprehensive #standards for admitting cryptoassets to #trading platforms, enhance #disclosure obligations for issuers, and implement robust measures to prevent market abuse, including insider trading. These measures are designed to foster #innovation while ensuring market integrity and #consumer protection. This development is part of a broader regulatory roadmap that includes: 1. Q1/Q2 2025: Discussion papers on trading platform rules, intermediation rules, lending and #staking regulations, and #prudential considerations for cryptoasset exposures. 2. Q3 2025: Consultation papers on conduct and firm standards for all Regulated Activities Order (#RAO) activities, admissions and disclosures, and market abuse. 3. 2026: Publication of final #policy statements and the opening of the #regulatory gateway, leading to the full implementation of the new regime. These efforts underscore the FCA's commitment to developing a safe, competitive, and sustainable crypto sector in the UK, embracing innovation underpinned by market integrity and consumer trust. As the regulatory landscape evolves, crypto firms and stakeholders must engage in these discussions and prepare for the forthcoming changes. The FCA invites feedback on the discussion paper by 14th March 2025 to inform the development of the final rules. BitCompli will respond to this Discussion Paper in the New Year when our response and opinion will be made public.

The year of tokenization- digital asset report. Do you believe that tokenization is the future of securities? #tokenization #blockchain SynHedge

The Financial Conduct Authority (FCA) is seeking comments on what a potential market abuse regime could look like in the UK for crypto assets. Our subject matter expert for market abuse and surveillance Simon Appleton takes a quick look at what's covered in the FCA's Discussion Paper, including the timescales and challenges of regulating crypto assets in the UK. Read our blog: https://lnkd.in/d6cb6ARq #cryptoassets #marketabuse #surveillance #regtech #regulatorychange #regulation