NEWS DIGEST – 03.09.2025 🚀
1) U.S. greenlight (staff-level): SEC & CFTC say registered venues can trade certain spot crypto
🟩 U.S. market agencies issued a joint staff statement clarifying that SEC- or CFTC-registered exchanges aren’t prohibited from facilitating trading in certain spot crypto commodity products—ahead of any full market-structure bill.
Why it matters: This is the clearest U.S. policy nod (so far) toward on-exchange spot crypto trading under federal oversight—a potential door-opener for mainstream liquidity and new listings.
Primary sources: SEC press release & statement; CFTC press release & statement.
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2) Netherlands fines OKX €2.25M for unregistered services
🇳🇱 The Dutch central bank (DNB) imposed a €2.25M fine on Aux Cayes Fintech (OKX) for offering crypto services without required registration between July 2023–Aug 2024 (pre-MiCA).
Why it matters: Tougher EU compliance is here: even as MiCA standardizes rules, legacy lapses still bite—raising operational costs and barriers for global exchanges.
Primary source: DNB enforcement notice (published Sept. 3, 2025). Coverage: CoinDesk.
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3) Winklevoss-backed Bitcoin “treasury” to list in Amsterdam
🏛️ A Netherlands-based bitcoin treasury company, backed by Winklevoss Capital, will go public in Amsterdam via a reverse listing with MKB Nedsense; it’s raised €126M and holds 1,000+ BTC.
Why it matters: Signals rising European public-market appetite for BTC-only corporate vehicles—another institutional pathway beyond ETFs.
Source: Reuters.
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4) Sept. seasonality: Traders flag risk of a ~12% BTC drawdown
📉 Pro traders warn September’s historical chop, thin liquidity and macro uncertainty could drive a ~12% monthly dip, even as SOL outperforms majors.
Why it matters: Sets up volatility pockets and cross-rotation (watch ETH/BTC, SOL/BTC); options hedging likely to stay elevated.
Source: CoinDesk (market color)
