Who is Michael Selig? Trump nominates pro-crypto lawyer to head CFTC

Coinbase has reported a significant profit of $432.6 million in Q3 2025, driven by increased trading volumes due to crypto market volatility and supportive policies from Trump. This growth is noteworthy as it highlights the resilience of the cryptocurrency market and the potential for continued investment and trading activity, making it an important development for investors and the broader financial landscape.

OKX has announced that it now holds $35.4 billion in reserves, marking a significant 75% increase over the past year. This milestone comes as the company releases its 36th consecutive Proof of Reserves (PoR) report, setting a new standard in an industry facing increased regulatory scrutiny. This transparency not only boosts customer confidence but also highlights OKX's commitment to safeguarding user funds, making it a noteworthy player in the cryptocurrency market.

Coinbase has significantly increased its Bitcoin holdings by 2,772 BTC in the third quarter, a move that reflects a growing confidence in cryptocurrency as a strategic asset. This development is particularly noteworthy as it comes amid changing regulatory landscapes, suggesting that major players in the crypto market are adapting and positioning themselves for future growth. CEO Brian Armstrong's confirmation of this increase highlights Coinbase's commitment to embracing digital assets, which could inspire further investment in the sector.

In a recent interview, Mitchell Amador, CEO of Immunefi, highlighted the urgent need for security in the stablecoin sector as it becomes increasingly vital to the on-chain economy. With the rise of crypto and its mainstream adoption, stablecoins are positioned to play a crucial role in financial transactions. Amador's insights shed light on the proactive measures security firms must take to prevent significant exploits, emphasizing the importance of safeguarding this emerging financial backbone.

CoreWeave's attempt to acquire Core Scientific has hit a snag as it falls short of the necessary shareholder votes. This acquisition has been closely monitored in the crypto space, highlighting the challenges companies face in securing support for major mergers and acquisitions. The outcome of this deal could significantly impact both companies and the broader market, making it a crucial development for investors and industry watchers alike.

The price of Sei crypto has taken a significant hit, dropping over 7% today after its listing on Robinhood, a major trading platform valued at $125 billion. This decline is particularly concerning as Sei's token has plummeted more than 50% from its peak in August, raising questions about its future performance. Investors are left wondering if this downturn is temporary or indicative of deeper issues within the crypto market.

Heather Morgan, known as 'Razzlekhan,' has claimed that former President Trump commuted her prison sentence, which has sparked significant interest and debate. This development is noteworthy as it highlights the ongoing discussions around criminal justice and the influence of political figures in legal matters. Morgan's case, tied to her involvement in a high-profile cryptocurrency scheme, raises questions about accountability and the implications of such interventions in the justice system.

JPMorgan CEO Jamie Dimon has made a significant statement about the future of finance, asserting that blockchain technology and stablecoins are not just trends but are here to stay. This endorsement from a major financial institution highlights a crucial shift towards the acceptance and integration of digital assets in mainstream finance, which could reshape how transactions are conducted globally.

XRP and Solana have made headlines by reaching a record $3 billion in open interest for futures and options on the Chicago Mercantile Exchange. This surge reflects growing institutional interest, positioning these cryptocurrencies as viable alternatives to Bitcoin and Ethereum in the derivatives market. This milestone not only highlights the increasing acceptance of digital assets but also signals a shift in investor confidence, making it an exciting time for the crypto landscape.

Strategy has reported an impressive net income of $2.8 billion for Q3 2025, even as Bitcoin prices remained subdued. This achievement is significant as it highlights the company's resilience and ability to thrive despite market challenges. Additionally, Strategy has expanded its Bitcoin holdings to 640,000 BTC, showcasing its commitment to the cryptocurrency sector. However, it's worth noting that the company's stock has seen a 20% drop in October, which raises questions about investor confidence moving forward.

Exciting news is on the horizon for the crypto community as sources indicate that the Senate Committee on Agriculture is set to release a bipartisan draft of the crypto market structure bill soon. This development is significant because it could pave the way for clearer regulations in the crypto space, fostering growth and stability in the market. With key figures like Eleanor Terret and MartyParty sharing insights, anticipation is building for how this bill will shape the future of cryptocurrencies.

Coinbase has reported a significant profit of $432.6 million in Q3 2025, driven by increased trading volumes due to crypto market volatility and supportive policies from Trump. This growth is noteworthy as it highlights the resilience of the cryptocurrency market and the potential for continued investment and trading activity, making it an important development for investors and the broader financial landscape.

OKX has announced that it now holds $35.4 billion in reserves, marking a significant 75% increase over the past year. This milestone comes as the company releases its 36th consecutive Proof of Reserves (PoR) report, setting a new standard in an industry facing increased regulatory scrutiny. This transparency not only boosts customer confidence but also highlights OKX's commitment to safeguarding user funds, making it a noteworthy player in the cryptocurrency market.

Coinbase has significantly increased its Bitcoin holdings by 2,772 BTC in the third quarter, a move that reflects a growing confidence in cryptocurrency as a strategic asset. This development is particularly noteworthy as it comes amid changing regulatory landscapes, suggesting that major players in the crypto market are adapting and positioning themselves for future growth. CEO Brian Armstrong's confirmation of this increase highlights Coinbase's commitment to embracing digital assets, which could inspire further investment in the sector.