At the moment in crypto, crypto government Jeff Park voiced assist for the CFTC taking the lead on crypto regulation, Tether expanded its commodities lending technique, with $1.5 billion already deployed to merchants. US spot Bitcoin ETFs recorded $866 million in outflows, sending BTC to a six-month low.
Crypto oversight by CFTC over SEC is ‘directionally right’ — Jeff Park
Regardless of some complexities around the recently proposed crypto market construction invoice, a clearer image is beginning to type concerning crypto market oversight, in keeping with ProCap BTC chief funding officer Jeff Park.
“The CFTC will personal a bigger area over crypto than the SEC,” Park said throughout an interview with crypto entrepreneur Anthony Pompliano revealed on YouTube on Friday, whereas emphasizing that there’s nonetheless “plenty of complexity with totally different stakeholders.”
“I feel that’s directionally right for my part,” he stated. “The CFTC is within the enterprise of economic innovation at giant, and it’s within the enterprise of managing capital effectivity, and leverage and derivatives merchandise,” he stated, explaining that aligns with what the crypto trade is constructing, a brand new settlement layer that brings capital effectivity at totally different speeds.
Park additionally stated that treating crypto as a commodity is in keeping with the worldwide nature of the market.
Tether to speed up push into commodity lending with money, USDt credit score
Stablecoin issuer Tether is increasing its presence in commodity lending, with billions of {dollars} already deployed within the sector, in keeping with CEO Paolo Ardoino.
In an interview with Bloomberg, Ardoino stated Tether has prolonged about $1.5 billion in credit score to commodities merchants thus far, offering financing in each money and its USDt (USDT) stablecoin.
The corporate is focusing on conventional commodity trades, together with agricultural merchandise and oil, and plans to extend its publicity. “We’re going to broaden dramatically,” Ardoino stated.
The lending exercise falls inside Tether’s lately launched Commerce Finance unit — a enterprise line that usually focuses on short-term credit score used to facilitate the motion of products throughout world provide chains. Within the commodities world, commerce finance usually gives the funding merchants have to buy, transport and ship cargoes.
Bloomberg reported that some firms could also be hesitant to borrow in USDt fairly than {dollars}, although that reluctance is likely to be outweighed by Tether’s rising monetary clout. With almost $184 billion value of USDt in circulation, Tether is now among the many most profitable companies in the world on a per-employee foundation.
Tether’s push into commodities builds on its current footprint within the sector. Its tokenized gold product, Tether Gold, has surged in dimension in the course of the bullion’s rally, and Ardoino lately said the corporate holds greater than 100 tons of bodily gold.
Bitcoin ETFs bleed $866 million in second-worst day on file, however some analysts nonetheless bullish
Demand for Bitcoin and crypto-linked funding funds continued to decline Thursday, regardless of the long-awaited finish of the 43-day US authorities shutdown.
US spot Bitcoin (BTC) ETFs noticed $866 million in internet outflows on Thursday, marking their second-worst day on file after the $1.14 billion every day outflows on Feb. 25, 2025, according to Farside Buyers.
This marked the second consecutive day of outflows for the Bitcoin ETFs, as the top of the 43-day US authorities shutdown didn’t reignite investor urge for food.
The $866 million outflows occurred a day after President Donald Trump signed a authorities funding invoice on Wednesday. The invoice gives funding till Jan. 30, 2026.
The shortage of ETF demand is inflicting important considerations amongst crypto buyers, as these funds had been the first drivers of Bitcoin’s momentum in 2025, alongside Michael Saylor’s Technique.
Nevertheless, Bitcoin’s bull market remains to be intact till the worth falls under the important thing $94,000 degree, or the typical value foundation of buyers who purchased Bitcoin prior to now six to 12 months, in keeping with Ki Younger Ju, founder and CEO of crypto intelligence platform CryptoQuant.
“Personally, I don’t suppose the bear cycle is confirmed except we lose that degree. I’d fairly wait than bounce to conclusions,” wrote Ju in a Friday X post.
