Solana DvP Targets Instant Settlement, CFTC Rolls Out Crypto Framework, FinCEN Scraps $10K Wallet…

Capital Copilot (0:00)

Welcome to Stock Market Today, your market briefing with actionable insights on stocks, bonds, crypto, and the events moving markets. Let's get into it. Bitcoin holding $86,175 as critical market infrastructure drops across multiple fronts. The Solana Foundation just launched Solana DvP, delivery versus payment, compressing institutional trade settlement from one to two days down to seconds. JPMorgan contributed settlement expertise to the open source program that handles atomic transactions. Both legs settle simultaneously or the trade fails entirely, eliminating counterparty risk. This follows OKX and Intercontinental Exchange filing with the SEC to tokenize over 60 US stocks including NVIDIA, Tesla, Apple, Microsoft, 24-7 Trading using Stablecoins on Blockchain Rails, CFTC Chair, Mike Selig announced two new crypto regulatory frameworks, Regulation CTX for Margin and Leveraged Retail Crypto Transactions, and Regulation KEM for Crypto Exchanges. Selig's moving forward with existing statutory authority after the Clarity Act stalled in the Senate. FinCEN withdrew two pending crypto rules, the December 2020 proposal requiring banks and exchanges to report transfers over $10,000 involving unhosted wallets, and the October 2023 Mixer Transaction Rule. Treasury cited concerns about chilling legitimate activity. Bond market volatility spiking while Bitcoin and equities stay calm. The move index jumped 46% since June to 116

Corporate bond volatility surged from 10th percentile to 79th percentile. Bitcoin's 30-day implied volatility near year-to-date lows despite rising Treasury stress. Ten-year yield at 5.32%.

30-year at 5.67%, highest since 2002 Bitcoin rejected at 87,000 for the third time since September 23rd. Break below 84,000 puts 80,000 in play. Break above 87,000 clears the path to eight-month highs. Altcoins mixed. Cardano up 11%.

Filecoin up 12%.

S&P 500 within half a percent of record highs, while NASDAQ 100 closed at all-time levels Friday. Ray Dalio warned Treasury markets remain vulnerable as yields test multi-decade resistance. That wraps your market intel. Trade smart out there. For deeper insights and real-time analysis, visit capitalcopilot.io.