The Cryptonomist

În mijlocul îngrijorărilor crescânde legate de economia SUA, Robert Kiyosaki atrage din nou atenția asupra bitcoin-ului, aurului și argintului ca instrumente de protecție financiară.

Kiyosaki avertizează asupra datoriei și inflației din SUA

Autorul și investitorul Robert Kiyosaki, cunoscut pentru cartea sa din 1997 „Rich Dad Poor Dad”, îndeamnă investitorii să caute siguranța în aur, argint și Bitcoin. El susține că presiunile economice tot mai mari din Statele Unite erodează puterea de cumpărare a dolarului.

Kiyosaki subliniază în mod specific datoria națională a SUA de 38.43 trilion $ ca un risc principal pentru economisitori. În plus, el observă că inflația de 2.7 procente subminează și mai mult deținerile de numerar, chiar și atunci când cifrele oficiale par moderate.

Falcon Finance, un pionier în emiterea de active digitale, a anunțat integrarea USDf, dolarul său sintetic supracapitalizat, în infrastructura de plată reglementată Altery printr-un parteneriat strategic cu Synterra Connect.

Această colaborare marchează un pas decisiv pentru deținătorii de USDf, permițând conversia instantanee în monede fiat precum GBP, EUR și USD, și accesul la servicii globale de plată complet reglementate.

Conversie instantanee și acces la servicii bancare globale

Grație acestei integrări, deținătorii de USDf pot acum să transfere tokenurile lor către o adresă Synterra Connect pentru conversie. Soldul corespunzător în fiat este creditat direct în contul Altery al utilizatorului.

Într-un semnal de încredere în creștere din partea investitorilor în finanțele conduse de inteligența artificială, pennylane fintech a încheiat una dintre cele mai mari oferte de creștere software din Europa la începutul anului 2026.

Pennylane ridică 175 milioane € pentru a scala inteligența artificială și a extinde acoperirea europeană

Pennylane, cu sediul în Paris, a ridicat 175 milioane € pentru a accelera capacitățile de inteligență artificială și a-și extinde prezența în întreaga Europă. Runda de finanțare, anunțată pe 23 ianuarie 2026, poziționează startup-ul francez printre cei mai susținuți jucători de software financiar de pe continent.

Cu cea mai recentă recunoaștere în clasamentul Fortune 2026, statutul de cea mai admirată companie ASUS subliniază modul în care designul strategic, conducerea în AI și sustenabilitatea remodelază profilul global al companiei.

ASUS marchează a 11-a apariție pe lista Fortune din 2026

Pe 23 ianuarie 2026, în Toronto, ASUS a anunțat a unsprezecea sa includere pe lista celor mai admirate companii din lume a revistei Fortune. Această recunoaștere recurentă subliniază puterea companiei în gestionarea activelor, strategia de investiții pe termen lung și responsabilitatea socială, consolidându-și poziția ca lider global în tehnologie.

Investitorii vor primi în curând o actualizare detaliată a rezultatelor Alico Inc, pe măsură ce compania se pregătește să publice cele mai recente date financiare trimestriale și să organizeze un apel de conferință aferent.

Timpul de publicare pentru primul trimestru 2026

Alico, Inc. (Nasdaq: ALCO) a anunțat din Fort Myers, Florida, pe 23 ianuarie 2026, că va publica rezultatele financiare pentru primul trimestru încheiat pe 31 decembrie 2025, miercuri, 4 februarie 2026, după închiderea pieței. Actualizarea va acoperi primul trimestru complet următor modificărilor strategice recente ale companiei, oferind investitorilor perspective proaspete asupra performanței operaționale.

Pe măsură ce își reconfigurează strategia în SUA, fintech-ul în rapidă expansiune mizează pe faptul că climatul actual va favoriza aprobările simplificate pentru banca Revolut pe piața americană.

Revolut renunță la achiziția unei bănci din SUA pentru o licență independentă

Revolut, fintech-ul din Marea Britanie cunoscut pentru caracteristicile sale de tranzacționare în crypto, a abandonat planurile de a cumpăra o bancă din SUA și va căuta în schimb propria licență bancară în Statele Unite, a raportat Financial Times vineri. Compania își schimbă cursul în timp ce caută să se extindă pe cea mai mare piață financiară din lume fără a se baza pe un creditor autorizat existent.

Acțiunea prețului pe criptomoneda Meteora (MET/USDT) este blocată în jurul unei intervale strânse la $0.27, cu volatilitatea comprimată și sentimentul de piață în frică extremă, sugerând că o mișcare mai mare este probabilă în viitor.

MET/USDT — grafic zilnic cu lumânări, EMA20/EMA50 și volum.

Scenariul principal pentru criptomoneda METEORA din graficul zilnic: înclinație neutră-către-bearish

Pe baza datelor zilnice (D1), poziția principală este neutră-către-bearish mai degrabă decât pur și simplu bullish:

Prețul este mult sub EMA de 200 de zile la $0.35 – acesta este un semn clasic al unei piețe care încă tranzacționează într-un regim mai larg de tendință descendentă.

După luni de narațiuni speculative în sectorul meme-urilor politice, tema crypto Trump se confruntă acum cu o verificare a realității pe măsură ce TRUMP se răcește într-o tendință descendentă clară zilnică.

TRUMP/USDT — grafic zilnic cu lumânări, EMA20/EMA50 și volum.

Scenariul principal din graficul zilnic (D1): Pe termen mediu, dar aproape de o zonă de suport local.

Pe intervalul zilnic, tendința este clar bearish pentru TRUMPUSDT.

Închiderea zilnică: 4.87 USDT

Prețul este sub EMAs de 20, 50 și 200 de zile.

RSI este sub 40.

MACD este negativ cu un histogram bearish care se lărgește ușor.

După o mișcare abruptă de reducere a riscurilor la începutul săptămânii, prețul Bitcoin (BTC) este blocat într-o pauză incomodă puțin sub $90,000, în timp ce sentimentul general rămâne fragil.

Bitcoin BTC — grafic zilnic cu lumânări, EMA20/EMA50 și volum.

Grafic zilnic (D1) – Urșii dețin cadrul de timp superior

Prețul Bitcoin (BTC) se tranzacționează în jur de $89,422 pe zilnic, cu o înclinație clară în jos. Pe graficul zilnic, scenariul principal este bearish. Prețul se tranzacționează sub toate mediile mobile cheie, momentul s-a schimbat, iar structura a trecut de la un avans în tendință într-o fază corectivă.

La Forumul Economic Mondial de la Davos, un interviu de înaltă profil a dezvăluit cum IPO-ul planificat al Certik ar putea accelera legătura dintre piețele Web3 și finanțele tradiționale.

Ronghui Gu conturează ambițiile IPO-ului Certik la Davos

Astăzi la Davos, Elveția, Ronghui Gu a dezvăluit că CertiK se pregătește pentru o ofertă publică inițială. Această mișcare are scopul de a face din pionierul securității Web3 prima companie listată public dedicată exclusiv acestui segment. În plus, strategia subliniază o schimbare instituțională mai amplă către expunerea reglementată la infrastructura descentralizată.

Prefață

Bazându-se pe ani în finanțele tradiționale, piețele Bitcoin și managementul portofoliului, acest document despre împrumuturile Bitcoin reflectă experiența directă mai degrabă decât o teorie pur academică. Este scris în rolul meu de Consilier de Strategie Bitcoin la Blockrise, împreună cu un co-autor care servește ca Manager de Portofoliu la firmă.

Analiza este informată de riscurile observate în prima eră a împrumuturilor susținute de Bitcoin, când structurile de piață erau fragile și standardele erau immature. Cu toate acestea, lecțiile din acești ani oferă acum o bază pentru o piață de credit mai robustă construită în jurul colateralului digital.

Într-o mișcare care ar putea remodela opțiunile de investiție în active digitale pentru investitorii bogați, ambițiile UBS în criptomonede încep să capete o formă mai clară în cadrul afacerii sale globale de gestionare a averilor.

UBS pregătește o nouă ofertă de active digitale

UBS Group AG, cel mai mare manager de averi din lume, se pregătește să ofere investiții în criptomonede clienților selectați de banking privat. Conform unor surse familiarizate cu subiectul, banca elvețiană explorează o ofertă dedicată de gestionare a averilor în criptomonede, mai degrabă decât un produs de retail larg.

Users of the popular exchange can now access advanced AI crypto insights directly inside the Binance wallet, simplifying how they track tokens and narratives.

Three new AI tools integrated into the Binance wallet

Binance Wallet has introduced three artificial intelligence-powered features designed to make onchain research faster and more intuitive. The tools focus on social trends, capital flows, and real-time token data, allowing users to study market activity without leaving the wallet interface.

The three new features are called Social Hype, Topic Rush, and AI Assistant. Together, they aim to streamline crypto trend monitoring and reduce the friction of switching between external analytics platforms. Moreover, they package complex datasets into simple, visual insights.

Social Hype: ranking tokens by sentiment and attention

The Social Hype feature ranks tokens based on how much attention they receive on social media. It analyzes data points such as mentions, engagement levels, and sentiment across multiple platforms to highlight which assets are currently in focus.

At launch, Social Hype supports tokens on BNB Smart Chain (BSC), Solana (SOL), and Base. However, support may expand over time as more chains gain traction. The tool presents leaderboards and mindshare charts that show which tokens are gaining or losing attention among online communities.

In practice, this allows users to quickly compare tokens by their social momentum, without manually scanning posts or channels. That said, social popularity does not replace fundamental analysis, but it can complement it inside a single wallet interface.

Topic Rush: tracking narratives and capital inflows

Topic Rush shifts the focus from individual tokens to broader market narratives. Instead of looking only at single assets, it classifies tokens into themes and then tracks capital inflows linked to each narrative. This gives users a clearer view of where liquidity is moving.

The feature labels each narrative with lifecycle tags: Early – Starting out, Rising – Gaining traction, and Viral – High impact and emphasis. Moreover, these labels help users understand whether a trend is just emerging, building momentum, or already in a high-impact phase.

By viewing this data directly in the wallet, users can see the status of a theme before deciding whether to explore the underlying tokens. However, the lifecycle view is informational and does not guarantee future performance.

AI Assistant: quick token summaries inside the wallet

The AI Assistant component focuses on rapid token research. Within the Binance web3 wallet, users can request concise summaries that highlight the main characteristics of a specific asset, reducing the time needed to gather basic information.

The assistant provides a short overview of the token, its present version and sentiment, and key insights at a glance. Moreover, it is optimized for quick checks, so traders and investors can get a snapshot before conducting deeper due diligence on external sources.

This experience keeps research, portfolio management, and discovery within one environment. However, users should still verify any strategic decision with additional tools and official project documentation.

AI crypto insights at the center of the Binance wallet experience

With Social Hype, Topic Rush, and the AI Assistant, the binance wallet is positioning AI-powered analytics as a core part of its onchain offering. These tools are built to help users identify trends, follow narratives, and access token information without leaving their wallet.

Together, the new Binance wallet features transform the interface into more than a simple storage solution. Instead, they turn it into a research hub that combines social metrics, narrative lifecycle tracking, and instant token summaries for a more informed user experience.

Overall, these additions aim to lower the barrier to onchain activity analysis, offering a unified environment where users can move from discovery to action while maintaining a clear view of market dynamics.

Clienții bogați elvețieni sunt pregătiți să obțină o expunere mai largă la activele digitale, pe măsură ce strategia cripto a UBS se aprofundează în finanțele de masă.

UBS deschide tranzacționarea cripto pentru clienții de private banking

UBS, gigantul bancar elvețian care administra 4.7 trilioane de dolari în active de bogăție la sfârșitul anului 2025, se pregătește să ofere tranzacționarea criptomonedelor pentru clienți selectați de private banking în Elveția. Această mișcare se va concentra inițial pe persoanele cu o valoare netă mare, reflectând cererea în creștere pentru expunerea la active digitale în cadrul managementului tradițional al bogăției.

Global exchanges are accelerating their plans to comply with new EU crypto rules, and the binance mica license move in Greece highlights how competitive that race has become.

Binance targets Greece for EU-wide MiCA authorization

Binance, the world’s largest cryptocurrency exchange by trading volume, has confirmed it has filed for a Markets in Crypto-Assets license in Greece. The step comes as crypto firms across Europe intensify efforts to secure regulatory approval before the MiCA transitional period ends in June 2026.

The application adds Greece to the growing list of EU member states being evaluated by major digital asset platforms seeking to preserve access to the bloc’s single market. Moreover, once MiCA’s licensing regime fully applies, only authorized providers will be able to serve clients across all 27 EU countries under the new rules.

Engagement with the Hellenic Capital Market Commission

A company spokesperson told CryptoNews that Binance has formally submitted its MiCA application and opened talks with the Hellenic Capital Market Commission (HCMC), Greece’s financial watchdog. The regulator will assess whether the exchange meets the stringent prudential, governance and consumer-protection standards set out under the EU framework.

“We have submitted our MiCA application and are actively engaging with the Hellenic Capital Market Commission (HCMC),” the spokesperson said. That said, the approval process is expected to be rigorous as national regulators align their supervisory approaches under the new common rulebook.

The spokesperson added that the company views MiCA as “an important milestone for the crypto industry, bringing regulatory clarity, stronger consumer safeguards, and a clearer framework for responsible innovation.” Moreover, Binance said it welcomes collaboration with Greek authorities as the EU-wide regime is rolled out and signaled its intention to support the long-term development of Europe’s digital finance ecosystem.

How the MiCA regulatory framework is reshaping the EU market

The MiCA regulatory framework is designed to create a harmonized system for crypto-asset service providers operating inside the European Union, replacing the patchwork of national regimes that currently exist. Instead of dozens of different local registration schemes, MiCA sets common standards for authorization, conduct of business and investor protection.

Once licensed in any member state, a firm will be able to use EU passporting rights to offer services across the entire bloc. However, with compliance deadlines approaching, exchanges and custodians face increasing pressure to complete their applications, overhaul internal controls and demonstrate they can meet the new supervisory expectations.

For policymakers, MiCA represents one of the most comprehensive regulatory systems for crypto-assets globally. It aims to provide legal certainty for businesses, reinforce investor safeguards and support innovation in the rapidly evolving digital finance landscape. In this context, the binance mica license application in Greece underscores how global players are aligning with the bloc’s long-term regulatory architecture.

France increases scrutiny of crypto firms

Binance’s push in Greece comes as regulators in France step up oversight of the digital asset sector. In October, French authorities launched anti-money laundering inspections covering dozens of registered crypto firms, including Binance and domestic exchange Coinhouse, as part of a broader review of compliance standards.

The inspections were led by the country’s prudential supervisor, the Autorité de Contrôle Prudentiel et de Résolution (ACPR). Moreover, the authority is examining which of more than 100 locally registered entities will ultimately qualify for EU-wide authorization under MiCA once the new regime fully takes effect.

As MiCA reshapes Europe’s crypto regulatory landscape, the outcome of licensing applications over the next several months will be crucial. However, only platforms that secure approval and adapt to the strengthened oversight framework are likely to maintain full access to one of the world’s most significant digital asset markets.

In summary, Binance’s decision to seek authorization in Greece under MiCA illustrates how leading exchanges are positioning themselves for the post-transition era, where regulatory compliance, investor protection and cross-border market access will be tightly intertwined across the European Union.

Lawmakers in Topeka are pushing a bold digital asset plan, with the kansas bitcoin reserve proposal aimed at turning crypto from a taxable novelty into a long-term state asset.

Senate Bill 352 and the creation of a state crypto treasury

The state of Kansas has entered the digital asset race after state senator Craig Bowser introduced Senate Bill 352, a measure to create a digital asset and crypto treasury at the level of the state treasury. The bill recommends that Bitcoin and other digital assets be deposited into state reserves and managed directly by the government.

Moreover, the initiative marks a clear shift from passive oversight to active participation in the crypto economy. Instead of treating digital assets purely as taxable items, the state would hold and operate them as long-term financial instruments within a dedicated treasury structure.

The proposal effectively establishes a state bitcoin treasury, signaling that Kansas is no longer content to stand on the sidelines while other jurisdictions experiment with institutional-grade crypto holdings.

How the strategic reserve would work

The bill authorizes Kansas to collect crypto associated with unclaimed property, on-chain distributions such as airdrops, and staking rewards, and then retain those assets in a special treasury fund. However, the design is explicitly strategic rather than focused on short-term trading gains or speculative timing.

Under this framework, the kansas bitcoin reserve would operate as a locked, long-term asset pool held alongside more traditional financial reserves. That said, the approach aligns with the broader idea of a bitcoin reserve model in which public institutions accumulate, rather than frequently trade, their digital holdings.

Furthermore, the use of unclaimed crypto, network incentives, and bitcoin staking rewards as reserve inputs allows the state to build exposure without directly competing with retail investors in the open market.

Legal framework and regulatory clarity

From a legal standpoint, Senate Bill 352 amends and expands existing Kansas unclaimed property laws to formally recognize cryptocurrencies as financial assets. This provides much-needed clarity for wallet providers, custodians, and exchanges operating within the state, which have often faced uncertainty over how such assets fit into traditional property rules.

Additionally, the bill makes it easier for the government to receive, store, and manage digital assets without operating in a legal grey area. By expressly integrating crypto into state law, Kansas reduces regulatory friction for future blockchain initiatives and signals that the asset class is being normalized in public finance.

However, as the legal framework matures, the state will still need robust custody, cybersecurity, and auditing standards to manage a growing portfolio of state digital assets in a secure and transparent way.

Kansas in the wider race for public bitcoin reserves

Kansas joins a small but growing group of US states exploring public-sector bitcoin reserve strategies. States such as Texas and Arizona have already floated or implemented frameworks for holding BTC at the state level, creating early case studies in government crypto adoption.

These moves feed into ongoing national debates over a potential US Strategic Bitcoin Reserve, even as federal policy remains fragmented. As Washington hesitates, states are taking independent action to position themselves early on the institutional adoption curve and to experiment with new treasury management options.

Moreover, this bottom-up pressure could ultimately accelerate federal agencies’ work on clearer crypto frameworks, as a patchwork of state-level reserves raises questions about standards, coordination, and systemic risk.

Market sentiment and community reaction

Historically, governments have not chased speculative hype cycles, and that conservative behavior often lends greater credibility to their eventual participation. The Kansas initiative arrives in a market still shaped by alternating phases of retail enthusiasm and fear, where price downturns frequently contrast with continued institutional accumulation.

That said, the Kansas proposal reinforces a narrative that strategic public actors are less focused on short-term volatility and more interested in multi-year positioning. For the crypto community, the bill is seen as another signal that government crypto adoption is steadily moving from discussion to implementation.

Furthermore, the move highlights a growing divide between individual traders reacting to daily price action and public entities that frame bitcoin exposure as part of broader macro and fiscal strategy.

Long-term implications for public finance

If Senate Bill 352 passes, the Kansas framework could become a reference model for how governments approach digital asset reserves. It recasts Bitcoin from a purely taxable innovation into a competitive financial instrument that can coexist with bonds, commodities, and other reserves on a public balance sheet.

Over time, this could normalize state-level crypto reserves as part of standard public finance infrastructure, particularly if early adopters demonstrate robust governance and risk controls. However, the real impact is unlikely to be measured by near-term price moves.

In the long run, the significance lies in the institutional legitimacy conferred by policies like the Kansas bill, which embed crypto assets into formal treasury operations rather than treating them as a passing speculative trend.

Growing investor appetite for security-focused crypto companies is pushing the planned ledger ipo into the spotlight as attacks and fraud continue to rise globally.

Ledger targets US IPO at multibillion-dollar valuation

French hardware wallet maker Ledger is preparing an initial public offering in the United States that could value the company at more than $4 billion, according to the Financial Times. The report says the firm is working with bankers at Goldman Sachs, Jefferies and Barclays on a potential New York listing.

Moreover, people familiar with the discussions told the FT that the talks are at a preparatory stage, with details such as timing and structure still to be finalized. The company has not yet publicly filed documents with US regulators, and the report did not specify any provisional ledger ipo date under consideration.

Strategy shifts from Europe to New York

In November 2025, Ledger CEO Pascal Gauthier signaled that the group was weighing a fundraising or listing in New York. At the time, he argued that capital for crypto firms was “certainly not in Europe,” indicating an early strategic preference for a US market debut.

However, Ledger has since declined to confirm the latest FT report when contacted by Cointelegraph, maintaining a cautious public stance. The lack of official comment suggests that plans remain fluid, even as advisers explore options for a possible US IPO at a multibillion-dollar valuation.

Record 2025 for Ledger amid surge in hacks

Founded in Paris in 2014, Ledger has grown into one of the world’s largest manufacturers of crypto hardware wallet devices. These USB-like tools store private keys offline, helping users protect digital assets from online breaches, malware and exchange failures.

Against a backdrop of rising cybercrime, Ledger recorded a “record year” in 2025, with revenue reaching “triple-digit millions.” Moreover, the global cost of breaches remains high: more than $3.4 billion in crypto was stolen in 2025, Chainalysis data shows, highlighting intensifying rising crypto hacks across centralized platforms and DeFi protocols.

Gauthier warned in late 2025 that “we’re being hacked more and more every day […] hacking of your bank accounts, of your crypto, and it’s not going to get better next year and the year after that.” That said, this gloomy security outlook is directly supporting hardware wallet demand as retail and institutional investors seek safer self-custody options.

Investor interest grows after BitGo’s NYSE debut

The momentum behind the ledger ipo also reflects a broader investor pivot toward security and custody players. The FT report landed just one day after BitGo, one of the world’s largest crypto custody providers, completed its bitgo nyse listing on the New York Stock Exchange.

BitGo shares, trading under the ticker BTGO, opened on Thursday at $22.40, a jump of 24% from the IPO price of $18. They then surged to as high as $24.50 during the first session, underscoring robust demand for regulated digital asset custody exposure on public markets.

Moreover, YZi Labs, a venture capital firm linked to former Binance CEO Changpeng Zhao, quickly announced a strategic investment in BitGo’s offering. The move signaled confidence from one of the industry’s most closely watched investors, potentially setting a benchmark for other security-focused listings.

What a US listing could mean for Ledger

If completed, the ledger ipo valuation north of $4 billion would place Ledger among the most highly valued dedicated crypto wallet manufacturers. A successful float could also reinforce market confidence in the broader hardware wallet for crypto segment as on-chain risks continue to mount.

However, market conditions, regulatory scrutiny and tech valuations will all influence whether the deal proceeds on its current terms. For now, the combination of a record revenue year in 2025, soaring theft figures and the high-profile debut of BitGo on the NYSE is creating favorable conditions for Ledger’s US ipo plans.

In summary, Ledger’s potential New York listing at a valuation above $4 billion would cap a record 2025 for the Paris-based company, while underscoring how worsening hacks and fresh custody listings like BitGo’s are reshaping the market for secure crypto storage.

In a move with broad implications for derivatives markets, Nasdaq crypto options are set for a major structural shift after a new rule filing with the US regulator.

Nasdaq proposal to lift caps on Bitcoin and Ethereum ETF options

Nasdaq has formally asked the Securities and Exchange Commission to eliminate position limits on options tied to spot Bitcoin and Ethereum exchange-traded funds listed on its venue. The proposal removes the 25,000-contract ceiling that previously capped how many options a single market participant could hold.

The rule change covers options linked to spot Bitcoin ETF and Ether ETF products from major issuers including BlackRock, Fidelity, Bitwise, Grayscale, ARK/21Shares, and VanEck. All of these ETFs trade on Nasdaq and had been subject to identical contract caps.

Nasdaq filed its proposal on January 7. However, the SEC chose to waive its standard 30-day waiting period and allowed the rule change to become effective immediately on January 22, accelerating implementation for the crypto options market.

The regulator can still suspend the amendment within 60 days of that date if it determines that extended review is warranted. Moreover, the agency has opened a public comment period and expects to issue a final determination by late February, leaving a window for further regulatory input.

Equal treatment with other commodity-based ETF options

Options give traders the right, but not the obligation, to buy or sell an underlying asset at a specified price before a set expiration date. Historically, exchanges applied position limits to such contracts to curb excessive speculation and reduce the risk of market manipulation.

Nasdaq argues that removing the cap on these digital asset-linked contracts will align them with options on other commodity-based ETFs, which typically do not face similar position limits. The exchange says this consistent treatment across asset classes improves market efficiency without increasing systemic risk.

According to the filing, the change is designed to advance fair and orderly markets, uphold just trading principles, and support an open, competitive environment. Furthermore, Nasdaq claims the updated framework does not impose any undue burden on competition and will instead enhance investor choice in crypto-linked derivatives.

The move also builds on the exchange’s earlier regulatory approvals. In late 2025, Nasdaq secured permission to list options on single-asset crypto ETFs structured as commodity-based trusts. That earlier decision allowed trading in Bitcoin and Ether ETF options but left position and exercise limits in place at the time.

Previous efforts to expand Bitcoin ETF options capacity

Before the blanket removal of position limits, Nasdaq had already sought incremental flexibility for specific products. In November, the exchange filed a separate proposal to raise the position limit on BlackRock‘s iShares Bitcoin Trust options, trading under the ticker IBIT, from 250,000 contracts to 1 million contracts.

That earlier request cited rising institutional and retail demand for bitcoin etf options. It also argued that the existing cap constrained effective hedging, particularly for large liquidity providers and professional firms seeking to manage risk in rapidly growing spot Bitcoin ETFs.

Market participants expect other US options venues to follow Nasdaq’s approach and pursue comparable filings. However, any parallel proposals will also require SEC review, and a coordinated framework would help standardize how crypto ETF regulation is applied across exchanges for these products.

Market impact and options open interest data

The impact of the new framework is already visible in trading metrics. BlackRock‘s Bitcoin ETF (IBIT) options currently rank 11th among all US-listed assets by options open interest, reflecting a significant build-up in institutional activity.

OpenCharts data shows that options tied to IBIT now account for more than 5.3 million contracts in open interest. That said, IBIT-listed derivatives still sit below gold and silver ETFs, highlighting that traditional commodity funds remain ahead in overall options depth despite the rapid rise of crypto-linked products.

Flows into the underlying spot ETFs have been mixed. Over the last three days, US Bitcoin ETFs recorded net outflows totaling $1.58 billion, signaling some profit-taking or repositioning by investors. Moreover, these flows arrived even as derivatives activity continued to expand.

BlackRock’s IBIT led redemptions with $356.6 million withdrawn over that period, while Fidelity‘s FBTC saw outflows of $287.7 million. Despite this, the robust options market suggests that hedging and speculative strategies around these funds remain in high demand.

Bitcoin and Ethereum price backdrop

The derivatives changes come against a backdrop of renewed volatility in underlying crypto prices. As of the latest available data, Bitcoin traded near $90,000, up 1% over the previous 24 hours, reflecting a continued bullish tone in spot markets.

Ethereum also gained 1% to trade around $3,000 after having fallen more than 11% over the preceding week. However, the rebound suggests some traders are rebuilding positions, which could further support liquidity in both spot and ether etf options markets.

Market structure specialists note that higher volatility often boosts demand for calls and puts as traders seek leverage or protection. Consequently, removing position limits may allow larger institutional strategies that previously faced operational constraints on Nasdaq’s options platform.

Broader implications for Nasdaq crypto options infrastructure

The latest Nasdaq rule change forms part of a broader effort by the exchange to expand its digital asset infrastructure. Over recent years, Nasdaq has launched initiatives around tokenized equities and unified crypto indexes, reinforcing its ambition to be a central venue for regulated crypto-linked products.

In this context, the decision to remove position limits on nasdaq crypto options tied to Bitcoin and Ethereum ETFs signals a maturation of the asset class inside mainstream financial market plumbing. Moreover, it underscores the growing alignment between traditional equity and commodity derivatives rules and their digital asset counterparts.

Looking ahead, analysts expect this framework to support larger institutional participation, more sophisticated hedging, and tighter spreads in bitcoin etf options and related products. If the SEC’s final decision in late February confirms the current relief, Nasdaq could further cement its role as a key hub for regulated crypto derivatives in the United States.

In summary, the SEC’s swift handling of Nasdaq’s filing, the rapid growth in IBIT open interest, and the evolving spot flows in Bitcoin and Ethereum ETFs collectively highlight how fast crypto-linked markets are converging with traditional derivatives infrastructure.

Într-un context de piață încă fragil, prețul Uniswap (UNI) rămâne sub presiune astăzi, dar zona tehnică de $4.60–$4.80 continuă să joace un rol decisiv pe termen scurt.

Tendința de bază pe D1: Tendință structurală descendentă, revenire încă fragilă

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In a pivotal year for the electric vehicle leader, tesla california performance weakened even as the company pushed ahead with fully driverless robotaxis in Austin.

Market share decline in a key US stronghold

Tesla saw its share of California‘s new car market contract sharply in 2025, underscoring mounting pressure in one of its most important regions. The brand’s market share slipped to 9.9% from 11.6% in 2024, according to Experian data shared by the California New Car Dealers Association.

This decline pushed Tesla down to third place among all car brands sold in the state, after previously holding second position behind only Toyota. Moreover, the drop was more than three times larger than the reduction experienced by Dodge, owned by Stellantis, highlighting how sharply the company lost ground.

In absolute terms, the number of vehicles registered in California fell to fewer than 180,000, down from almost 203,000 in 2024. That shift contributed to a broader pullback in the state’s zero-emission segment, with total registrations of all electric vehicles falling by roughly 7,300 units to just over 378,000.

Legacy models, policy shifts and political backlash

The company’s struggles in California mirror challenges it faces in other global markets. Tesla is working with an aging product lineup and a Cybertruck that has not met early sales expectations. Meanwhile, legacy automakers are bringing new electric models to market that directly challenge its long-dominant offerings.

Moreover, the expiration of federal tax credits for many buyers of electric vehicles has removed a key financial incentive, weighing on demand that was already slowing. On top of these economic factors, some customers have distanced themselves from the brand over the CEO’s high-profile political involvement, which has added another layer of headwind.

The state’s top-selling models still underline Tesla’s presence despite the contraction. The Model Y sport utility vehicle remained California‘s best-selling electric vehicle and became the number one light truck overall. The Model 3 sedan finished as the state’s second most popular passenger car, coming in just behind the Toyota Camry, a long-standing benchmark in the segment.

Policy response and incentives for buyers

In response to the softer zero-emission market, Governor Gavin Newsom is seeking $200 million to restore tax rebates for residents purchasing electric vehicles. The proposal aims to revive demand in the california electric market and support the state’s emissions goals. However, it remains to be seen how quickly such incentives could offset broader economic and competitive pressures.

Robotaxi service goes fully driverless in Austin

While the company wrestles with a shrinking foothold in California, it is moving more aggressively on autonomous mobility in Texas. In Austin, Tesla robotaxis are now providing rides without human safety drivers, a major operational shift for the service launched seven months ago. Previously, staff were required to sit in the front seats to monitor the vehicles.

The CEO announced the change on X, posting a video from a former Tesla artificial intelligence engineer to showcase the development. Last month, he had already disclosed that testing without any occupants in the front seats was underway, signaling that a wider deployment was imminent.

Ashok Elluswamy, who leads Tesla’s AI division, said that “a few” vehicles in the Austin robotaxi fleet would initially run without direct supervision. However, he indicated that the number of cars operating without safety monitors is expected to grow over time as the company gains more confidence in the system.

Safety record and market reaction

The move toward unsupervised operations is designed to strengthen public confidence in the technology and demonstrate progress in real-world autonomy. That said, Tesla disclosed to regulators that its limited fleet of driverless cars in Texas’s capital city was involved in eight crashes over a six-month period last year.

Financial markets responded quickly to the update. Tesla’s stock rose as much as 4% by mid-afternoon in New York following the announcement. In contrast, shares of Uber Technologies and Lyft fell more than 3% during the session before staging a partial recovery later in the day.

Missed timelines and limited geographic reach

Throughout 2025, the CEO repeatedly assured investors and customers that the company would begin offering unsupervised rides before year-end. In July, he even suggested that as many as half of Americans might gain access to autonomous rides in Tesla vehicles by the close of the year. However, those predictions have not yet materialized on a national scale.

At present, Austin is still the only city where the full tesla california robotaxi austin experience is available, even though the brand began a taxi service in the San Francisco Bay Area last year. The company has not requested permission to operate fully driverless tests in California, where regulations for autonomous vehicles are more established and often stricter.

Meanwhile, Tesla remains behind Alphabet‘s Waymo, which introduced paid, driverless rides in Phoenix back in late 2018. Waymo now charges passengers for autonomous trips across thousands of vehicles deployed in Austin, Los Angeles, San Francisco, Atlanta and Miami, underscoring the competitive gap in large-scale deployment.

Overall, Tesla enters the next phase of its strategy balancing a pronounced market share drop in California with aggressive bets on driverless technology in Texas, as regulators, rivals and investors closely watch whether the company can convert its autonomous vision into sustainable growth.