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Quantify what a trade should earn and what the risk is. There is a classic story about a CBOE trader who got fired after having an up $ 5 million p and l for the year. He ran around the exchange griping to everyone. When his boss was asked why he would fire a "successful" trader his answer was...

https://www.reuters.com/legal/us-supreme-court-rules-favor-coinbase-arbitration-dispute-2023-06-23/

SEC Approves First Leveraged Bitcoin Futures ETF Pedro Solimano - DeCrypt The U.S. Securities and Exchange Commission (SEC) has approved the first leveraged Bitcoin futures exchange-traded fund (ETF) on Friday. Volatility Shares 2x Bitcoin Strategy ETF (BITX) is scheduled to launch on the...

The net investment income tax is coming due for millions more taxpayers than a decade ago. That’s no accident. By Laura Saunders June 23, 2023 5:30 am ET ILLUSTRATION: KIERSTEN ESSENPREIS Many Americans don’t know Uncle Sam has an extra tax on investment income for higher earners—at least...

https://www.theocc.com/Risk-Management/Portfolio-Margin-Calculator A firm's requirement may be higher. Is this a hypothetical question, because Canadian accounts are currently not eligible and it's entirely possible the calculator may not function from your IP.

Bitcoin spot ETFs face a brick wall, at least for the time being, from SEC Chair Gary Gensler, new research concludes. 5427Total views 17Total shares Listen to article 2:58 MARKETS NEWS Collect article Collect with 40% discount from Join us on social networks Bitcoin is unlikely to see its...

Robinhood to buy fintech firm X1 Reuters Robinhood Markets is buying financial technology firm X1 Inc for about $95 million in cash as it looks for new revenue streams to counter weakness in its mainstay trading unit. Robinhood, which was at the center of 2021's meme stock trading frenzy, has...

Crypto Options Traders Turn to Regulated Platform Amid Scrutiny Katherine Doherty - Bloomberg Law As the US increases its scrutiny of the digital-asset sector, one firm is now offering large institutional investors a way to trade crypto derivatives through a regulated platform meant to mirror...

Intern at a desk. It can be very political and pedigree biased, but if you can get a shot - take it.

FINANCE On Wall Street, Lawyers Make More Than Bankers Now Superstar attorneys can rake in more than $15 million a year, while banker pay has hardly budged ILLUSTRATION BY ALEXANDRA CITRIN-SAFADI/THE WALL STREET JOURNAL; PHOTOS: ISTOCK By Cara Lombardo June 22, 2023 12:01 am ET 15 Over the...

SEC has recognized listing requirements. Currently no regulatory framework for Bitcoin. Two really different regulatory issues. Plus, when they listed it was an entirely different environment. If the SEC gets what they appear to looking for, they could ask them to conform or delist.

The headline is actually longer, but the entire headline and commentary are below. No Exemption for DAO from Commodity Exchange Act and CFTC Regulations for Operating a Decentralized Exchange Rules California-Based Federal Court 1 3 33 A decentralized autonomous organization is an...

First of all, they are not approved - this is really about a funding round. Figure that once you have a regulatory framework for new exchanges the pipeline will be - IMHO - somewhere between a year and 18 months. Everyone will clone the filing of the first up. Most of these filings will...

Fractional reserve banking and securities lending - if they're declared securities have no relation to one another. Securities lending requires significant security deposits - no less than 140% of spot. Bitcoin will probably command more. The lending of securities is also based on the current...

Crypto Wire By Elizabeth Howcroft, Crypto Correspondent Bitcoin’s seen something of a recovery in recent days, hovering just under $29,000 at the time of writing, and crypto enthusiasts took confidence from BlackRock filing for a bitcoin ETF. But institutional investors are still concerned...

MEMX OPRA code U Live trading slotted for September roughly - OPRA approved today.

Grayscale owners could see a double benefit, and Coinbase would get a shot in the arm https://www.wsj.com/articles/bitcoin-bonanza-on-tap-if-blackrock-etf-is-approved-2cb3002?mod=hp_lead_pos5

If the SEC gets its way and they are declared securities this will be pretty much impossible. Securities lending involves large security deposits. They also seem to be talking a lot about custody and common clearing. Early days to speculate on the final rules.

More commentary and a decent read

JUDITH BANNERMANQUIST 5 HOURS AGO Wall Street giants back EDX Markets, a new cryptocurrency exchange EDX Markets is backed by large financial institutions such as Citadel Securities, Fidelity Investments and Charles Schwab. 7737Total views 21Total shares Listen to article 2:32 NEWS EDX...