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D.C. Circuit reverses SEC ruling on SPIKES futures, calls it “arbitrary and capricious”

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The decision relates to an SEC order from 2020 exempting SPIKES Index from the definition of securities futures.

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Coin Market

Singapore weighs recognizing some foreign-issued stablecoins

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Singapore is considering allowing jointly issued cross-border stablecoins into its regulatory regime, revisiting its earlier decision to restrict the framework to domestic issuance.

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Coin Market

Bitfinex Securities lists tokenized notes tied to Strategy, Metaplanet

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Five equity-backed notes issued through Luxembourg’s ORO II fund will trade against dollars, USDT and Bitcoin for eligible non-US investors.

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Trump Jr.-linked 1789 Capital leads Polymarket’s $1B raise: Report

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Donald Trump Jr.-linked 1789 Capital will reportedly lead a $1 billion investment round into Polymarket, which would value the platform at $21 billion, just below Kalshi’s $22 billion valuation.

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