SEC Adjusts Regulatory Stance: Broker-Dealers Can Include Stablecoin Holdings in Regulatory Capital
February 21
The SEC this week made minor updates to its “Broker-Dealer Financial Responsibility” FAQ, allowing SEC-regulated broker-dealers to count held stablecoins toward regulatory capital.
“This isn’t a new rule, but it’s reduced uncertainty for institutions looking to operate in compliance with current securities laws,” said Digital Chamber of Commerce CEO Cody Carbone.
Tonya Evans—head of a crypto education institution and Digital Currency Group board member—wrote on X: “This means stablecoins are now treated the same as money market funds on a company’s balance sheet. Before, some broker-dealers would zero out stablecoin holdings in capital calculations; holding them was a financial penalty, and that’s now over.”
Previously, stricter SEC restrictions made it hard for registered broker-dealers to custody tokenized securities or act as intermediaries. Ethena Labs Deputy General Counsel Larry Florio noted on LinkedIn: “From Robinhood to Goldman Sachs, everything hinges o
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Trump Signs New Tariff Order, Imposing 10% Import Tariff on All Countries
On February 21, former President Donald Trump signed a proclamation imposing temporary U.S. import tariffs.
Per the proclamation, a 10% tariff will apply to U.S. imports for 150 days, going into effect at 12:01 a.m. Eastern Standard Time (EST) on February 24.
Goods exempt from the new tariffs include:
- Certain critical minerals, metals used for currency and bullion, energy and energy products;
- Natural resources and fertilizers the U.S. cannot grow, mine, or otherwise produce in sufficient quantities to meet domestic demand;
- Selected agricultural products, pharmaceuticals and pharmaceutical raw materials, and certain electronic products;
- Passenger vehicles, specific light trucks, and certain aerospace products.
Separately, the White House issued an executive order terminating certain tariff measures. Additional tariffs imposed under the International Emergency Economic Powers Act (IEEPA) will no longer be in effect and will be discontinued as soon as practicable.
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Bitmine linked address once again withdrew 17,200 ETH from Kraken
February 21 — Per Onchain Lens monitoring, a new wallet linked to Bitmine (0x1AE) has received another 17,222 ETH from Kraken, valued at $34.7 million. The wallet now holds a total of 27,722 ETH, worth approximately $54.57 million.
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A whale has deposited 5 million U into Hyperliquid to short gold with 4x leverage and silver with 3x leverage.
On February 21st, Onchain Lens monitoring data shows whale address 0xaCB deposited $5 million USDC into HyperLiquid, expanded its 4x-leveraged GOLD short position, and opened a new 3x-leveraged SILVER short position. Current holdings are as follows:
- 2,978.17 GOLD (worth $15.21 million)
- 97,085.91 SILVER (worth $8.22 million)
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"The 'BTC OG Insider Whale' Once Again Transfers 6318 BTC to Binance Overnight"
As of February 21st, Onchain Lens data shows the "BTC OG Insider Whale" deposited roughly 6,318 Bitcoin (valued at ~$424.86 million) to Binance around 1:00 AM today.
This follows the whale transferring 5,000 Bitcoin starting at 9:00 AM yesterday, bringing its total Binance deposits to 11,318 Bitcoin over a roughly 4-hour window.
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Today's Cryptocurrency Fear and Greed Index is currently at 8, still in the "Extreme Fear" zone
As of February 21, the cryptocurrency Fear & Greed Index stands at 8 (up from 7 the day prior) per alternative data, signaling market sentiment remains in the "extreme fear" zone.
Note: The index ranges from 0 to 100 and is composed of these metrics: Volatility (25%), Market Volume (25%), Social Media Hype (15%), Market Surveys (15%), Bitcoin Dominance (10%), and Google Trends Analysis (10%).
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