FameEX Morning Crypto News Recap | November 26, 2024

Ethereum Contract Open Positions Exceed $21.5 Billion, Hitting Record High

Coinglass data on November 26 showed Ethereum contract open positions exceeded $21.5 billion, reaching a record $21.508 billion, reflecting a 5.6% increase in the last 24 hours, marking a new historical high.

CME Bitcoin Futures Open Interest Soars to New Record

Vetle Lunde, head of research at K33 Research, highlighted that Bitcoin futures open interest on the CME has hit a record high. U.S. institutions are the primary buyers, and traders are awaiting spot Bitcoin ETFs on the NYSE and Nasdaq, which are expected to improve liquidity and provide hedging tools.

U.S. Customs Seizes Bitmain Antminers, Disrupting Bitcoin Miners

U.S. Customs and Border Protection has been detaining Bitmain’s Antminer S21 and T21 series at ports such as San Francisco and Detroit for two months, creating an unprecedented shipment freeze for Bitcoin miners. The reason for the delays is unclear, and no similar actions have been taken against other ASIC manufacturers like Shenma or Canaan.

Texas Requires Bitcoin Miners to Register and Provide Facility Details

The Public Utility Commission of Texas (PUCT) has introduced rules mandating Bitcoin miners using the ERCOT power grid to register and disclose essential facility information, such as locations, ownership, and power requirements. PUCT Chairman Thomas Gleeson emphasized that these regulations will enhance grid management, ensuring the ERCOT grid remains reliable and capable of meeting Texas' electricity needs.

Philippines Central Bank to Enhance VASP Reporting Rules Beginning in 2025

Starting January 1, 2025, the Bangko Sentral ng Pilipinas (BSP) will enforce stricter reporting rules for virtual asset service providers (VASPs). VASPs must submit two monthly reports on transaction volume and assets, seven quarterly reports on operations and account statistics, and annual audited financial statements. Failure to comply will lead to enforcement actions.

Gulf Bank of Singapore to Raise $50 Million and Acquire Stablecoin Payment Company

Singapore Gulf Bank (SGB) plans to raise $50 million in funding to accelerate product development, enhance its payment network, and expand its workforce. Additionally, the bank intends to acquire a stablecoin payment company in the Middle East or Europe by Q1 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.​