Caroline Pham: Cryptocurrency regulation does not require congressional legislation

OKX will launch U-based X-contracts on October 12, 2026, CXMTUSD at 16:30, BSPUSD at 16:45, TQQQUSD at 17:00, and UNITREEUSD at 17:15 (UTC+8).

OKX has announced the addition of CXMTUSD UM(X-Perp), BSPUSD UM(X-Perp), TQQQUSD UM(X-Perp), and 4 trading pairs to multiple services, including various trading services, officially launching on 2026-10-12 at 16:30 (UTC+8). Notes: - OKX will begin the phased launch of USD-margined X-Perpetual contracts for CXMT, BSP, TQQQ, and UNITREE starting from 16:30 on October 12, 2026. - The leveraged ETF X-Perp (TQQQUSD) inherently carries leverage properties, and combining it with contract leverage will further amplify market exposure and liquidation risks. - Users are advised to fully understand the rules of X-Perp products and the risks of leveraged trading before trading and to manage their positions prudently.

BBX News: Last weekend, the global public market showed a highly strategic and penetrating dual track approach in the capital structure and commercial monetization model of cryptocurrency assets. The market has bid farewell to the blindly convergent asset allocation model, and listed companies are following their respective business genes to embark on a completely opposite yet logically rigorous path of advancement: Capital formation: Evernorth Holdings completed the SPAC merger with 473 million XRP positions and $300 million raised funds, and is scheduled to list on NASDAQ under the code "XRPN" on October 12th, ushering in the first era of pure XRP US stock treasury. Absolute cash out: Bitdeer (NASDAQ: $BTDR) produced 300.6 BTC per week and sold them all in the secondary market, relying on the iron fisted discipline of "zero holdings, immediate production and sale" to build a fiat cash wall that can withstand asset fluctuations. The market presents a clear dual evolutionary trend of "ecological treasury companies using SPAC tools to package large-scale non Bitcoin native assets into compliant US stock codes to siphon off Wall Street liquidity" and "heavy asset mining giants completely divesting of spot asset risks and focusing on converting physical computing power output into stable fiat cash flow". Source: bbx.com

The Sui Foundation has invested $30 million in the AI data protocol DATA Network, which will be migrated to the Sui blockchain and become a native protocol. Its independent chain will be discontinued. The existing DATA tokens will be migrated to the Sui network in a 1:1 ratio, and the DATA network will continue to operate until the migration is completed.

Caroline Pham, Chief Legal Officer of MoonPay and former Commissioner of the US Commodity Futures Trading Commission (CFTC), stated that cryptocurrency regulation does not require congressional legislation and can be promoted solely through regulatory agencies setting rules. She stated that the regulatory jurisdiction of the CFTC is almost all encompassing, as the Commodity Exchange Act stipulates that almost all items, except onions and movie box office revenue, are considered commodities.