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Dubai’s Virtual Assets Regulatory Authority (VARA) published detailed guidance on Thursday that clarifies how token issuers should structure, disclose and distribute virtual assets in the emirate, sharpening rules for stablecoins and real-world asset (RWA) tokens.The document, which interprets VARA’s existing Virtual Asset Issuance Rulebook rather than creating new law, sets out three distinct issuance pathways and spells out who is responsible for what in each.Rather than treating all tokens as if they pose the same risks, the framework draws clear lines between Category 1 issuances (including fiat-referenced virtual assets and...

The Morgan Stanley Bitcoin Trust (MSBT), the first spot Bitcoin exchange-traded fund (ETF) offered by a US bank, recorded $30.6 million in inflows on its trading debut, giving the Wall Street bank a respectable entry into the spot Bitcoin ETF market.MSBT started trading on the NYSE Arca on Wednesday, generating $34 million in trading volume, slightly above the expectations of Bloomberg ETF analyst Eric Balchunas, who predicted first-day volume would reach $30 million.As of April 8, MSBT held 444.4 Bitcoin (BTC), worth around $31.7 million, accounting for 0.03% of the...

US Treasury Secretary Scott Bessent has asked Congress to pass the Digital Asset Market Clarity (CLARITY) Act without delay, warning that Senate floor time is limited and now is the moment to act.In a Wall Street Journal op-ed on Wednesday, Bessent said the legislation is critical for providing clear regulatory rules for digital assets, including cryptocurrencies, tokenized assets and decentralized exchanges. He warned that with the global crypto market rising to $3 trillion and nearly one in six Americans holding digital assets, the stakes for US leadership in financial innovation...

A South Korean court has canceled the Financial Intelligence Unit’s (FIU) three-month partial business suspension of Dunamu, the operator of crypto exchange Upbit, according to local reports.Yonhap News Agency reported on Tuesday that the Seoul Administrative Court sided with Dunamu in its lawsuit against the FIU, overturning the sanction tied to alleged Anti-Money Laundering (AML) violations. The court said clear rules existed for transactions above 1 million won (about $675), but found that regulations for smaller transfers were not specific enough, weakening the basis for enforcement within the case. The ruling narrows...

Bhutan moved more Bitcoin from its sovereign-linked wallet on Thursday, further reducing its once sizeable BTC stash and extending its months-long selling. Arkham data showed a wallet attributed to the Royal Government of Bhutan and its investment arm Druk Holding & Investment, transferred about 319 Bitcoin (BTC), worth roughly $22.68 million, bringing total outflows since late October 2024 to more than 9,000 BTC.The transfer follows a series of recent wallet movements by the country flagged by Arkham. In March alone, the Bhutan-tagged wallet moved more than 1,667 BTC (roughly $120 million),...

Bitcoin’s (BTC) relief rally to $72,000 appears to be cooling off, but analysts said that the BTC price may “continue rising” in the short term.Key takeaways:Bitcoin must flip the short-term holder realized price at $80,000 into support to confirm the trend change.Spot volume and trading activity must recover to ensure a sustained breakout in BTC price. Bitcoin must reclaim $80,000 as supportBitcoin’s 8% climb over the last three days to $72,000 saw it reclaim key levels, including the 200-day exponential moving average (EMA) at $68,000, and the 50-day EMA at $70,000,...

BitMEX said in a Thursday report that commodity perpetual swaps were the fastest-growing segment of TradFi perps in the first quarter of 2026, with weekly volume rising 65,463% from $38.1 million to $25.0 billion.The report said silver, crude oil and gold drove most of that growth. By the week of March 15, Silver (XAG) accounted for 34.8% of the market share of tokenized commodities, followed by crude oil (CL) for 27.7%, gold (XAU) at 27.5% and Silver on Hyperliquid for 6%, according to a Thursday report.BitMEX said the March entry...

Cryptocurrency exchanges are taking a growing market share from traditional finance (TradFi) trading venues through tokenized commodities products, but the mainstream adoption of tokenized precious metals remains limited by pricing and liquidity issues.Silver perpetuals have reached about 40% of the equivalent volume of the Comex Silver (SI) Contract at their peak, the world’s largest silver futures market, which accounts for over 70% of global exchange-traded silver futures volume, according to a Thursday report from Binance Research.During March and April, tokenized silver accounted for 14.90% and 14.98% of the Comex’s volume,...