Grayscale Report Positions Chainlink as Critical Infrastructure Following JPMorgan DvP Test

source:

[1] Grayscale Calls Chainlink 'Essential Infrastructure' for Tokenized ... (https://www.coindesk.com/business/2025/11/21/ ...)[2] Chainlink Anchors Tokenization as LINK Defends $11.65 - Coinpaper (https://coinpaper.com/12537/grayscale-calls-c ...)[3] Grayscale Investments' LINK Holdings Hit a New High in November ... (https://finance.yahoo.com/news/grayscale-inve ...)

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Nov 23 2025, 03:23

Rumble to Launch Crypto Wallet with Tether's USAT Stablecoin and Bitcoin Lightning Integration

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Nov 23 2025, 00:47

Trinidad and Tobago Passes Virtual Assets Bill Ahead of FATF Assessment

## Executive Summary Trinidad and Tobago has formally instituted a regulatory framework for digital assets with the passage of the **Virtual Assets and Virtual Asset Service Providers Act, 2025**. The legislation, which passed with a 25-11 vote in parliament, is a strategic move to align the nation with the **Financial Action Task Force (FATF)** global standards for Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT). The primary objective is to regulate Virtual Asset Service Providers (VASPs) and mitigate the financial risks associated with their operations ahead of a scheduled FATF on-site evaluation in March 2026. ## The Event in Detail The **Virtual Assets and Virtual Asset Service Providers Act, 2025**, establishes a comprehensive legal structure for the oversight of the cryptocurrency sector in Trinidad and Tobago. Tabled on September 12, 2025, the bill mandates that entities operating as VASPs must adhere to strict regulatory requirements. Supervisory authorities, including the **Central Bank of Trinidad and Tobago (CBTT)**, the **Trinidad and Tobago Securities and Exchange Commission (TTSEC)**, and the **Financial Intelligence Unit of Trinidad and Tobago (FIUTT)**, are tasked with monitoring financial institutions and other listed businesses to ensure compliance with FATF recommendations on a risk-sensitive basis. ## Regulatory Mechanics and Compliance The core function of the bill is to implement the **FATF** recommendations concerning virtual assets. It requires financial institutions and designated businesses to develop and enact internal policies and programs to manage and mitigate risks related to proliferation financing, money laundering, and terrorist financing. This proactive stance is critical for the country's upcoming FATF assessment in March 2026. Failure to demonstrate sufficient progress in implementing these standards could have significant consequences for the nation's standing within the international financial community. ## Market Implications The introduction of a clear regulatory framework presents a dual-edged scenario for the local digital asset market. On one hand, it provides the legal clarity that could foster innovation and attract institutional investment, as many large-scale investors are hesitant to enter markets without robust AML/CFT policies. On the other hand, the market faces the risk of contraction if the regulations are perceived as overly restrictive, potentially stifling growth and driving digital asset businesses to more lenient jurisdictions. The law's successful implementation will depend on striking a balance between mitigating risk and promoting a healthy ecosystem for virtual assets. ## Broader Context Trinidad and Tobago's legislative action is part of a broader global trend where governments are moving to regulate the digital asset industry in accordance with international standards. The **FATF** has been actively leading this charge, providing guidance to help countries and VASPs understand and implement their AML/CFT obligations. By passing this bill, Trinidad and Tobago signals its commitment to integrating its digital asset economy into the regulated global financial system, aiming to enhance financial stability and integrity rather than pursuing a more isolated or unregulated path.

Nov 23 2025, 00:33

Large-Scale Ethereum Transfer from Institutional Platform FalconX Spurs Speculation

## Executive Summary On-chain data reveals a significant transfer of 21,537 **Ethereum** (ETH), worth approximately $60.04 million, from the institutional-focused prime brokerage **FalconX** to a newly created wallet. The transaction has drawn attention due to its size and the institutional nature of the source. The identity of the recipient is currently unknown, though market analysts have speculated potential connections to entities such as **Bitmine** or **SharpLink**. This event occurs amid a backdrop of broader institutional withdrawals from the platform and highlights the ongoing trend of large, often opaque, movements of digital assets by major players. ## The Event in Detail According to on-chain monitoring service **OnchainLens**, a new wallet address received the 21,537 ETH in a single transaction. This specific event is part of a larger pattern of outflows from **FalconX**, with data indicating that one address has withdrawn a total of 40,335 ETH (worth over $121 million) in the last three days. **FalconX** operates as a prime brokerage for institutional investors, offering services such as deep liquidity, financing, and trade execution. Such platforms are critical infrastructure for large firms entering the digital asset market. The movement of substantial assets from a prime brokerage can signify several strategic actions, including a large over-the-counter (OTC) trade, a shift in custody strategy, or preparation for future asset deployment or liquidation. ## Market Implications The transfer of a significant amount of ETH to a new, anonymous wallet introduces uncertainty into the market. Such movements can be a precursor to selling pressure if the holder decides to liquidate the position on open exchanges. Conversely, it could represent a long-term holding strategy, effectively removing the supply from the active market. The ambiguity surrounding the wallet holder's intent contributes to potential price volatility for **ETH**. This event is particularly relevant as **Ethereum** trades around key psychological price levels. The $3,000 mark is often seen by investors as a critical benchmark for market sentiment and progress on institutional adoption and regulatory clarity. ## Expert Commentary The psychological importance of key price levels was highlighted by Jim Hwang, COO of crypto investment firm Firinne Capital, in a recent report. While not commenting on this specific transaction, he noted the significance of round numbers for investor heuristics. > "Investors remember these to base their heuristics around what their cost basis is, gains they want to lock in, or losses they don’t want to go below. The $3,000 level for ETH is a bit of a report card by investors assessing the progress that the industry has made on the legislative, regulatory, and institutional adoption fronts." ## Broader Context This transaction underscores the increasing role of institutional players in the cryptocurrency landscape. **FalconX** facilitates this trend, evidenced by its recent partnership with **Ethena** to expand institutional access to the **USDe** stablecoin. The strategic management of large crypto treasuries is becoming more common, as seen in the case of **FG Nexus**, which recently sold ETH to finance a share buyback program. This latest transfer from **FalconX**, however, remains undefined, leaving the market to speculate whether it represents a similar strategic treasury maneuver, a large-scale investment, or preparation for another purpose. The event serves as a reminder of the complex and often non-transparent nature of institutional capital flows within the digital asset economy.