Powell Reiterates Fed’s Dual Mandate as Rate Strategy

The US SEC on Wednesday approved new listing rules for major exchanges, paving the way for a surge of crypto spot exchange-traded funds. On Wednesday, the regulator voted to let Nasdaq, Cboe BZX and NYSE Arca adopt generic listing standards for commodity-based trust shares. The decision clears the final hurdle for asset managers seeking to launch spot ETFs tied to cryptocurrencies beyond Bitcoin and Ether. In July, the SEC outlined how exchanges could bring new products to market under the framework. Asset managers and exchanges must now meet specific criteria, but will no longer need to undergo drawn-out case-by-case reviews. Solana And XRP Funds Seen to Be First In Line Under the new system, the time from filing to launch can shrink to as little as 75 days, compared with up to 240 days or more under the old rules. “This is the crypto ETP framework we’ve been waiting for,” Bloomberg research analyst James Seyffart said on X, predicting a wave of new products in the coming months. The first filings likely to benefit are those tracking Solana and XRP, both of which have sat in limbo for more than a year. SEC Chair Paul Atkins said the approval reflects a commitment to reduce barriers and foster innovation while maintaining investor protections. The move comes under the administration of President Donald Trump, which has signaled strong support for digital assets after years of hesitation during the Biden era. New Standards Replace Lengthy Reviews And Repeated Denials Until now, the commission reviewed each application separately, requiring one filing from the exchange and another from the asset manager. This dual process often dragged on for months and led to repeated denials. Even Bitcoin spot ETFs, finally approved in Jan. 2024, arrived only after years of resistance and a legal battle with Grayscale. According to Bloomberg ETF analyst Eric Balchunas, the streamlined rules could apply to any cryptocurrency with at least six months of futures trading on the Coinbase Derivatives Exchange. That means more than a dozen tokens may now qualify for listing, potentially unleashing a new wave of altcoin ETFs. SEC Clears Grayscale Large Cap Fund Tracking CoinDesk 5 Index The SEC also approved the Grayscale Digital Large Cap Fund, which tracks the CoinDesk 5 Index, including Bitcoin, Ether, XRP, Solana and Cardano. Alongside this, it cleared the launch of options linked to the Cboe Bitcoin US ETF Index and its mini contract, broadening the set of crypto-linked derivatives on regulated US markets. Analysts say the shift shows how far US policy has moved. Where once regulators resisted digital assets, the latest changes show a growing willingness to bring them into the mainstream financial system under established safeguards

The post ‘Alien Earth’ Composer Jeff Russo Dives Into Score For FX Series appeared on BitcoinEthereumNews.com. FX’s Alien: Earth — Pictured: Timothy Olyphant as Kirsh. Courtesy of Patrick Brown/FX ***The following contains certain spoilers for Alien: Earth!*** When it came time to marry picture and music for FX’s Alien: Earth, series creator Noah Hawley did what he’s done for close to 20 years: call up Jeff Russo. “[He] said, ‘I’m adapting the Alien IP, for television. What do you think, musically?’” Russo recalls over Zoom. “We started talking and I began writing music for it. It seemed like…not a foregone conclusion, but a conversation that was being had.” A founder of Tonic and a previous member of Low Stars, the composer has scored all of Hawley’s film and television projects since The Unusuals (2009). “Everything I’ve learned about making music for storytelling, I learned by doing with him,” Russo adds. “He really knows what he wants. And when you have a confident filmmaker that is also open to artistic collaboration, it’s the best of all the worlds.” The first small screen translation of the nearly 50-year-old franchise known for straddling horror, sci-fi, and action genres, Alien: Earth takes place two years before the events of the 1979 original and nearly six decades before Aliens. “We talk a lot about trying to figure out what the underlying property is making our audience feel,” Russo explains. “Trying to create a unique narrative and way of telling the story, but at the same time, making the audience feel that same feeling. In this case, there’s that feeling of dread. There’s that tense, eerie feeling created with such a deft hand in Alien. And then [came Aliens, which was] such a great action piece. So how are we going to take those two ideas and sort of mix them together, have that be something unique and different, while eliciting the…

The United Kingdom’s Financial Conduct Authority (FCA) has released a statement on new cryptocurrency regulations. The intentions of these guidelines ought to be clear; they should provide a defined picture of what is considered legal and illegal for companies operating in crypto, allowing innovation while protecting consumers and upholding market integrity.  The move will be […]