Trump-backed stablecoin USD1 partners with Enso to expand its DeFi footprint across various blockchains

The post CME Group to launch options on XRP and SOL futures appeared on BitcoinEthereumNews.com. CME Group will offer options based on the derivative markets on Solana (SOL) and XRP. The new markets will open on October 13, after regulatory approval.  CME Group will expand its crypto products with options on the futures markets of Solana (SOL) and XRP. The futures market will start on October 13, after regulatory review and approval.  The options will allow the trading of MicroSol, XRP, and MicroXRP futures, with expiry dates available every business day, monthly, and quarterly. The new products will be added to the existing BTC and ETH options markets. ‘The launch of these options contracts builds on the significant growth and increasing liquidity we have seen across our suite of Solana and XRP futures,’ said Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products. The options contracts will have two main sizes, tracking the futures contracts. The new market will be suitable for sophisticated institutional traders, as well as active individual traders. The addition of options markets singles out XRP and SOL as liquid enough to offer the potential to bet on a market direction.  The options on futures arrive a few months after the launch of SOL futures. Both SOL and XRP had peak volumes in August, though XRP activity has slowed down in September. XRP and SOL options to tap both institutions and active traders Crypto options are one of the indicators of market attitudes, with XRP and SOL receiving a new way to gauge sentiment. The contracts will be supported by the Cumberland team.  ‘As one of the biggest liquidity providers in the ecosystem, the Cumberland team is excited to support CME Group’s continued expansion of crypto offerings,’ said Roman Makarov, Head of Cumberland Options Trading at DRW. ‘The launch of options on Solana and XRP futures is the latest example of the…

The post Mike Selig Appointed as New CFTC Chair Amid Crypto Focus appeared on BitcoinEthereumNews.com. Felix Pinkston Oct 28, 2025 04:08 Mike Selig, former SEC Crypto Task Force leader, has been appointed by President Trump as the new CFTC Chair, marking a pivotal shift in U.S. crypto regulations. In a significant development for the U.S. financial regulatory landscape, Mike Selig has been appointed as the new Chair of the Commodity Futures Trading Commission (CFTC) by President Donald Trump, according to CryptoNews. This appointment follows Selig’s tenure as the leader of the Securities and Exchange Commission’s (SEC) Crypto Task Force, where he served as chief counsel. Mike Selig Speaks Amid CFTC Chair News Selig expressed his gratitude and vision on social media, stating he was “honored” to take on the role of CFTC Chair. He emphasized the potential for a “Great Golden Age for America’s Financial Markets,” attributing this to the President’s leadership. Selig pledged to enhance the functioning of commodity markets and bolster the U.S. position as a leader in the crypto space. His appointment is seen as a strategic move to align the CFTC’s policies with the growing influence of digital assets in financial markets. Selig’s previous role at the SEC, where he focused on crypto regulations, is expected to influence his approach at the CFTC. Brian Quintenz Nomination Withdrawn After Winklevoss Concerns Selig’s nomination follows a tumultuous period involving the initial nominee, Brian Quintenz, who faced opposition from prominent figures in the crypto industry, including the Winklevoss twins. Concerns were raised regarding Quintenz’s alignment with the administration’s crypto policies, leading to the withdrawal of his nomination. Quintenz’s candidacy was marred by controversy, particularly after private communications with Tyler Winklevoss surfaced, discussing past litigation with the CFTC. The incident highlighted the complexities and political sensitivities surrounding crypto regulation. President Trump, who has been a vocal supporter…

PANews reported on October 28 that according to SoSoValue data, the total net inflow of Bitcoin spot ETFs yesterday (October 27, Eastern Time) was US$149 million. The Bitcoin spot ETF with the largest single-day net inflow yesterday was the Ark Invest and 21Shares ETF ARKB, with a single-day net inflow of US$76.401 million. Currently, ARKB's total historical net inflow has reached US$2.187 billion. The second is Blackrock ETF IBIT, with a single-day net inflow of US$65.266 million. Currently, the total net inflow of IBIT has reached US$65.371 billion. As of press time, the total net asset value of the Bitcoin spot ETF was US$155.888 billion, the ETF net asset ratio (market value as a percentage of the total market value of Bitcoin) reached 6.83%, and the historical cumulative net inflow has reached US$62.134 billion.