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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
09/06/2025

Today's Crypto News: 24/7 Markets, a $1B Bitcoin Fund, and the SEC's Deleted Messages Scandal

Today's crypto market saw a wave of major developments spanning regulation, investment, and institutional transparency. The U.S. Considers Opening Financial Markets 24/7 The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) issued a joint statement signaling a potential shift to a 24/7 financial market model. Regulators noted the change would reflect the global reality of increasingly "always-o

Today's Crypto News: 24/7 Markets, a $1B Bitcoin Fund, and the SEC's Deleted Messages Scandal

Today's crypto market saw a wave of major developments spanning regulation, investment, and institutional transparency.

The U.S. Considers Opening Financial Markets 24/7

The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) issued a joint statement, signaling a potential shift to a 24/7 financial market model. Regulators said the change is intended to reflect the global reality of increasingly "always-on" trading.

That said, extended trading hours could introduce new risks, as investors may be more exposed to volatility across different time zones. The SEC and CFTC also emphasized their priority of building a regulatory framework for crypto derivatives products, including perpetual futures and event contracts.

Sora Ventures Launches a $1B Bitcoin Fund

At Taipei Blockchain Week, Sora Ventures announced the Bitcoin Treasury Fund, a $1 billion vehicle with an initial $200 million commitment from Asian financial institutions. Billed as the region's first Bitcoin treasury fund, it aims to encourage businesses to hold BTC as a strategic reserve asset.

According to founder Jason Fang, the fund's goal is to bridge traditional finance and digital assets while promoting corporate reserve diversification through Bitcoin.

SEC Scandal: A Year of Gary Gensler's Messages Deleted

A report from the SEC's Office of Inspector General (OIG) revealed that nearly a year's worth of messages from SEC Chair Gary Gensler's phone were deleted due to an "avoidable error" covering the period from October 2022 through September 2023.

According to the investigation, the SEC's IT department had deployed an automated policy that resulted in the deletion of all data, including messages and system logs. Notably, some of the lost messages were directly tied to enforcement actions against crypto companies, raising serious questions about the agency's transparency and accountability.

👉 These developments underscore the deepening convergence between traditional finance and crypto, while highlighting the ongoing challenges around transparent governance and investor protection.