Edgen Crypto·Nov 13 2025, 04:32
[1] Taiwan Considering Adding BTC to Strategic Reserves, Planning to Use Confiscated BTC as Pilot Holding Source (https://www.techflowpost.com/newsletter/detai ...)[2] Taiwan May Add Bitcoin to National Reserves — Lawmakers Push for Full Audit by Year-End - BeInCrypto (https://vertexaisearch.cloud.google.com/groun ...)[3] Crypto Week 2025: From uncertainty to regulation in the U.S. digital asset space - Ocorian (https://vertexaisearch.cloud.google.com/groun ...)
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Nov 13 2025, 04:38
CME Group and FanDuel Launch US Prediction Market Platform Including Crypto Event Contracts
## Executive Summary **CME Group** and **FanDuel** announced the launch of a new prediction markets platform in the United States, set for December. The platform, named **FanDuel Predicts**, will allow users to place wagers on a diverse range of outcomes, including sports, economic indicators, and cryptocurrency prices. This initiative marks a significant entry into a market currently dominated by platforms such as **Polymarket** and **Kalshi**. ## The Event in Detail The collaboration between **CME Group** and **FanDuel** will manifest as the **FanDuel Predicts** mobile application, scheduled for a December launch. This platform is designed to offer event contracts on various benchmarks. These benchmarks include the prices of commodities like oil and gas, gold, and key economic indicators such as **GDP** and **CPI**. Notably, the platform will also feature event contracts tied to cryptocurrency prices, alongside traditional sports betting. The integration into prediction markets necessitates a balance between innovation and responsible implementation. ## Market Implications The entry of **FanDuel** and **CME Group** into the prediction market sector intensifies competition within an evolving landscape. Current market data indicates that **Polymarket** and **Kalshi** lead this segment. Over a recent week, **Polymarket** recorded a trading volume of **$1.062 billion**, while **Kalshi** registered **$950 million**. **Kalshi** also led in transaction count with **3.575 million trades**, surpassing **Polymarket's 2.586 million**. This new platform could potentially increase mainstream engagement with crypto assets and the broader prediction market ecosystem. The global prediction market sector generated over **$27.9 billion** in trading volume between January and October 2025. ## Expert Commentary Industry perspectives highlight the challenge for companies in sustainably integrating into prediction markets while maintaining a balance between innovation and responsibility. The expanding interest in predicting outcomes, including corporate financial results and economic decisions, underscores the market's dynamic nature. The increasing regulatory focus on cryptocurrencies also plays a role, with frameworks developing globally. The **US Securities and Exchange Commission (SEC)**, **Commodity Futures Trading Commission (CFTC)**, and **Financial Crimes Enforcement Network (FinCEN)** have overlapping jurisdictions, while the **European Union's MiCA** regulation aims for a comprehensive framework by 2025. ## Broader Context The launch occurs amid a rapidly transforming cryptocurrency regulatory environment, which is crucial for institutional adoption and market stability. The global cryptocurrency market is projected to exceed **$5 trillion by 2025**. This regulatory clarity, alongside the development of new platforms like **FanDuel Predicts**, influences investor protection and market integrity. The introduction of event contracts on crypto prices within a regulated framework through entities like **CME Group** and **FanDuel** reflects an ongoing trend towards broader integration of digital assets into mainstream financial products.
Nov 13 2025, 02:53
Japan Exchange Group Considers Curbs on Listed Firms' Crypto Holdings
## Executive Summary The Japan Exchange Group (JPX) is actively examining new measures to manage the increasing number of listed companies accumulating significant cryptocurrency holdings as part of their treasury strategies. Regulators express concerns regarding potential governance and investor protection risks, particularly following instances of sharp declines in the share prices of several such firms. ## The Event in Detail JPX, which operates the Tokyo Stock Exchange, is exploring stricter application of existing rules designed to prevent "backdoor listings" and may necessitate fresh audits for certain companies. While no definitive decisions have been finalized, the exchange has been monitoring firms that raise flags from a risk or governance perspective, with an explicit focus on safeguarding shareholders. Since September, three listed Japanese companies have suspended their plans to acquire cryptocurrencies. These companies were reportedly advised by JPX that adopting cryptocurrency purchases as a core business strategy could lead to restrictions on their financing capabilities. Regulators have highlighted that, while listed companies are not explicitly prohibited from holding cryptocurrencies, the trend of accumulating digital assets as a primary treasury strategy presents unique challenges. These challenges include the inherent volatility of crypto assets, which can expose retail investors to unexpected losses, and broader governance issues related to capital allocation and risk management within publicly traded entities. ## Market Implications The potential tightening of regulations by JPX could significantly impact the operational strategies of listed Japanese companies considering or currently holding substantial cryptocurrency reserves. This move signals a more cautious approach from traditional financial regulators towards the integration of volatile digital assets into corporate balance sheets. It could limit the growth trajectory of crypto-related businesses seeking to leverage public markets in Japan and may influence overall market sentiment towards corporate cryptocurrency investments in the region. This regulatory stance within Japan contrasts with, yet is also part of, a broader global dialogue around crypto asset regulation. For instance, Japan's Financial Services Agency (FSA) is reevaluating crypto regulations with a goal of creating a more investor-friendly environment by 2025, including potential tax reductions on crypto profits from up to 55% to around 20%. Such domestic reclassifications could, paradoxically, stimulate investment while exchange-level rules simultaneously curb corporate hoarding. Globally, regulatory frameworks like the GENIUS Act in the U.S. and new regimes in the UK and Hong Kong for stablecoins underscore the increasing but varied regulatory engagement with digital assets. ## Broader Context The actions contemplated by JPX reflect an ongoing global tension between fostering innovation in the digital asset space and ensuring robust investor protection and financial stability. The concerns raised by JPX about digital-asset treasury firms echo similar debates seen in other markets, where companies like MicroStrategy have garnered attention for their substantial Bitcoin holdings. While such strategies can be seen as bold innovation, regulators globally are increasingly scrutinizing the implications for corporate governance, shareholder value, and systemic risk. For Japan, a market that has seen rising crypto trading volumes in 2024, partly fueled by a Bitcoin rally, these measures highlight a bifurcated regulatory approach: an effort to make retail crypto investment more appealing through tax reforms, alongside a stricter stance on corporate treasury strategies involving highly volatile assets. This careful balancing act aims to protect the integrity of the stock market and its investors while navigating the evolving landscape of digital finance.
Nov 13 2025, 02:19
Coinbase Adds Plazma (XPL) and Toncoin (TON) to Listing Roadmap
## Coinbase Adds XPL and TON to Listing Roadmap **Coinbase** has officially announced the inclusion of **Plazma (XPL)** and **Toncoin (TON)** to its asset listing roadmap. This development was communicated via the exchange's official X account, signaling potential future trading availability for these digital assets on the platform. ## Details of the Listing Process **Coinbase** operates a comprehensive and merit-based digital asset listing process for its centralized exchange (CEX). The evaluation procedure for new assets is rigorous, assessing each against a consistent set of standards. This process requires applicants to submit detailed information, including whitepapers, team backgrounds, tokenomics, source code, block explorers, and third-party audits. **Coinbase** also scrutinizes business factors such as market demand, community engagement, and technical integration requirements. Assets undergo thorough legal, compliance, and technical security reviews. Market indicators such as trading volume, market capitalization, liquidity, number of holders, active wallets, Total Value Locked (TVL), on-chain activity, community sentiment, and team track record are all factored into listing priority and timing. The typical timeframe from review to listing is generally under 30 days, with a phased market rollout designed to maintain market integrity, progressing from 'Transfer Only' to 'Auction' and finally to 'Trading State'. ## Market Implications and the 'Coinbase Effect' Listings on **Coinbase**, recognized as one of the most compliant cryptocurrency exchanges globally, often generate a notable market reaction known as the "listing effect." This phenomenon typically involves a short-term surge in a token's price following its announcement or actual listing. Assets with smaller market capitalizations, such as **MOODENG** and **BAND**, have historically experienced significant price increases post-listing. For instance, **MOODENG** reportedly soared 91.5% within 24 hours of its **Coinbase** launch in December 2024. Similarly, **BAND** saw price appreciation before its 2020 launch due to its inclusion in the assessment list. However, more mature and liquid assets like **Bitcoin (BTC)** and **Ethereum (ETH)** typically experience more subdued price movements due to their established market depth. **Polkadot (DOT)**, for example, saw only a 14% increase after its **Coinbase** listing in 2021. The market capitalization of **Plazma (XPL)** currently stands at $493,448,745, ranking #170 on CoinGecko, measured by multiplying its token price with the circulating supply of 1.9 billion **XPL** tokens. The potential for price fluctuations is higher for assets with lower liquidity. Instances of pre-announcement price surges, indicative of potential 'mouse warehouse' behavior, have been observed, with tokens like **ACH** and **PLA** rising over 300% within a week before their **Coinbase** announcements in 2021. While meme coins lacking fundamental value may experience speculative surges, their prices can collapse if market sentiment shifts, as seen with **PEPE**, which only rose 6% after its **Coinbase** listing in 2024. ## Broader Ecosystem Impact The addition of **XPL** and **TON** to the **Coinbase** roadmap underscores the exchange's ongoing expansion and its influence on the broader digital asset ecosystem. Such listings can significantly enhance the visibility, accessibility, and legitimacy of included assets, attracting new investors and increasing overall market liquidity. However, the associated risks, particularly for smaller-cap assets with lower liquidity, remain a critical consideration for investors, who may face drastic price changes even with minor fluctuations in order volumes. The consistent application of **Coinbase**'s evaluation framework aims to balance market opportunity with investor protection and regulatory adherence.