Regulatory clarity from the CFTC boosts confidence in Coinbase Futures products, with institutional traders increasing leveraged positions as part of multi-asset hedge strategies. Only one crypto firm, Anchorage Digital, currently holds a national trust bank license, but already this year more than a dozen different businesses have applied for one, according to the OCC's website. The list includes a handful of other major crypto firms that are involved with stablecoins, including Circle ( CRCL ), Ripple ( RIPL.PVT ), Bitgo, and Paxos. While the Sui network advances in crafting strategic solutions to meet these challenges, significant potential rewards awaitâalbeit accompanied by considerable risks. The strides made by Sui could grant them a competitive edge in the realms of Web3 gaming and DeFi, igniting a wave of adoption that could upend current trading methodologies across the digital asset sphere. Short-covering activity surged in Coinbase Futures after BTC broke key resistance levels, leading to a $120M notional position flip within hours.
