FameEX Morning Crypto News Recap | November 26, 2024

Ethereum Contract Open Positions Surpass $21.5 Billion, Reaching All-Time High

On November 26, Coinglass data revealed Ethereum contract open positions surpassed $21.5 billion, hitting a historic high of $21.508 billion, marking a 5.6% increase over the past 24 hours.

CME Bitcoin Futures Open Interest Reaches Record High

Vetle Lunde, head of research at K33 Research, noted that Bitcoin futures open interest on the Chicago Mercantile Exchange (CME) has reached a record high. U.S. institutions are major buyers, while traders await the launch of spot Bitcoin ETFs on the NYSE and Nasdaq, expecting enhanced liquidity and hedging opportunities.

U.S. Customs Seizes Bitmain Antminer Machines, Impacting Bitcoin Miners

U.S. Customs and Border Protection has been detaining Bitmain's Antminer S21 and T21 series at ports like San Francisco and Detroit for two months, causing an unprecedented shipment freeze for Bitcoin miners. The reasons for the hold-up remain unclear, and no similar actions have been taken against other ASIC manufacturers like Shenma or Canaan.

Texas Mandates Bitcoin Miners to Register and Disclose Facility Information

The Public Utility Commission of Texas (PUCT) has implemented rules requiring Bitcoin miners using the ERCOT power grid to register and disclose key facility details, including locations, ownership, and power needs. PUCT Chairman Thomas Gleeson stated the new regulations aim to improve grid management, ensuring the ERCOT grid remains reliable and meets Texas' electricity demands.

Philippines Central Bank to Strengthen VASP Reporting Requirements Starting in 2025

The Bangko Sentral ng Pilipinas (BSP) will tighten reporting requirements for virtual asset service providers (VASPs) starting January 1, 2025. VASPs will need to submit two monthly reports on transaction volume and assets, seven quarterly reports on operations and account holders, and audited annual financial statements. Non-compliance will result in enforcement actions.

Singapore's Gulf Bank to Raise $50 Million and Acquire Stablecoin Payments Firm

Singapore Gulf Bank (SGB) aims to raise at least $50 million in financing to boost product development, expand its payment network, and hire more staff. The bank also plans to acquire a stablecoin payment company in the Middle East or Europe by the first quarter of next year, according to sources familiar with the matter.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.