Right now in crypto, crypto govt Jeff Park voiced assist for the CFTC taking the lead on crypto regulation, Tether expanded its commodities lending technique, with $1.5 billion already deployed to merchants. US spot Bitcoin ETFs recorded $866 million in outflows, sending BTC to a six-month low.
Crypto oversight by CFTC over SEC is ‘directionally appropriate’ — Jeff Park
Regardless of some complexities around the recently proposed crypto market construction invoice, a clearer image is beginning to type relating to crypto market oversight, in response to ProCap BTC chief funding officer Jeff Park.
“The CFTC will personal a bigger area over crypto than the SEC,” Park said throughout an interview with crypto entrepreneur Anthony Pompliano printed on YouTube on Friday, whereas emphasizing that there’s nonetheless “a number of complexity with totally different stakeholders.”
“I believe that’s directionally appropriate in my view,” he stated. “The CFTC is within the enterprise of monetary innovation at massive, and it’s within the enterprise of managing capital effectivity, and leverage and derivatives merchandise,” he stated, explaining that aligns with what the crypto business is constructing, a brand new settlement layer that brings capital effectivity at totally different speeds.
Park additionally stated that treating crypto as a commodity is in line with the worldwide nature of the market.
Tether to speed up push into commodity lending with money, USDt credit score
Stablecoin issuer Tether is increasing its presence in commodity lending, with billions of {dollars} already deployed within the sector, in response to CEO Paolo Ardoino.
In an interview with Bloomberg, Ardoino stated Tether has prolonged about $1.5 billion in credit score to commodities merchants thus far, offering financing in each money and its USDt (USDT) stablecoin.
The corporate is focusing on conventional commodity trades, together with agricultural merchandise and oil, and plans to extend its publicity. “We’re going to increase dramatically,” Ardoino stated.
The lending exercise falls inside Tether’s lately launched Commerce Finance unit — a enterprise line that sometimes focuses on short-term credit score used to facilitate the motion of products throughout world provide chains. Within the commodities world, commerce finance sometimes gives the funding merchants must buy, transport and ship cargoes.
Bloomberg reported that some corporations could also be hesitant to borrow in USDt fairly than {dollars}, although that reluctance may be outweighed by Tether’s rising monetary clout. With almost $184 billion value of USDt in circulation, Tether is now among the many most profitable companies in the world on a per-employee foundation.
Tether’s push into commodities builds on its present footprint within the sector. Its tokenized gold product, Tether Gold, has surged in measurement throughout the bullion’s rally, and Ardoino lately said the corporate holds greater than 100 tons of bodily gold.
Bitcoin ETFs bleed $866 million in second-worst day on report, however some analysts nonetheless bullish
Demand for Bitcoin and crypto-linked funding funds continued to decline Thursday, regardless of the long-awaited finish of the 43-day US authorities shutdown.
US spot Bitcoin (BTC) ETFs noticed $866 million in internet outflows on Thursday, marking their second-worst day on report after the $1.14 billion day by day outflows on Feb. 25, 2025, according to Farside Traders.
This marked the second consecutive day of outflows for the Bitcoin ETFs, as the top of the 43-day US authorities shutdown didn’t reignite investor urge for food.
The $866 million outflows occurred a day after President Donald Trump signed a authorities funding invoice on Wednesday. The invoice gives funding till Jan. 30, 2026.
The shortage of ETF demand is inflicting vital considerations amongst crypto buyers, as these funds had been the first drivers of Bitcoin’s momentum in 2025, alongside Michael Saylor’s Technique.
Nevertheless, Bitcoin’s bull market remains to be intact till the worth falls beneath the important thing $94,000 degree, or the common value foundation of buyers who purchased Bitcoin prior to now six to 12 months, in response to Ki Younger Ju, founder and CEO of crypto intelligence platform CryptoQuant.
“Personally, I don’t assume the bear cycle is confirmed except we lose that degree. I might fairly wait than bounce to conclusions,” wrote Ju in a Friday X post.