CZ says Binance’s weak KYC led to prison while Hyperliquid runs no-KYC smart contracts under a different trading model. Binance founder Changpeng Zhao, known as CZ, discussed Hyperliquid in a June 29 interview with The Block. He praised its market design but noted clear differences from centralized exchanges. CZ said Hyperliquid uses smart contracts without […]
The post CZ Says Binance KYC Sent Him to Prison While Hyperliquid Runs No KYC Model Now appeared first on Live Bitcoin News.
The post JPMorgan Says The Real Threat To Bitcoin Isn’t Strategy (MSTR) — It’s Private Blockchains appeared on BitcoinEthereumNews.com.
Strategy’s recent bitcoin sales and its formal monetization program have rattled investors, but JPMorgan analysts see a bigger danger to bitcoin: blockchain adoption that routes around public networks and the tokens that ride on them. In a report led by managing director Nikolaos Panigirtzoglou and reported by The Block, the bank argued that Strategy is not the main structural threat to the asset. The company sold 3,588 bitcoin for $216 million in early July to cover preferred dividends, its largest disposal on record, and such sales can add bursts of selling pressure. The deeper concern, the analysts said, is where tokenization, payments and settlement end up. Should that activity settle on permissioned rails rather than public chains, the crypto ecosystem could face a structural de-rating — thinner liquidity, weaker capital flows and slower on-chain
The post CZ Compares Binance KYC With Hyperliquid Model appeared on BitcoinEthereumNews.com.
CZ says Binance’s weak KYC led to prison while Hyperliquid runs no-KYC smart contracts under a different trading model. Binance founder Changpeng Zhao, known as CZ, discussed Hyperliquid in a June 29 interview with The Block. He praised its market design but noted clear differences from centralized exchanges. CZ said Hyperliquid uses smart contracts without standard identity checks for users. He compared that model with Binance’s past compliance problems. He said he went to prison over Binance’s weak KYC controls. Meanwhile, he noted that Hyperliquid operates without KYC. His comments have renewed debate around exchange rules, user freedom, and decentralized trading. The discussion also places Hyperliquid’s control structure under market attention. CZ Compares Binance and Hyperliquid CZ said Hyperliquid has introduced useful ideas for on-chain trading. However, he said its model differs from B
The post Phantom and Hyperliquid Seek CFTC Clarity on DeFi Infrastructure appeared on BitcoinEthereumNews.com.
Crypto wallet provider Phantom and the Hyperliquid Policy Center have urged the US Commodity Futures Trading Commission (CFTC) to exempt blockchain protocol developers and non-custodial wallet providers from regulations designed for traditional financial intermediaries. In response to a CFTC request for information on regulations affecting fintech firms, the companies asked the agency to confirm that blockchain protocol developers do not have to register solely for creating onchain software, issue guidance allowing regulated derivatives firms to use blockchain infrastructure, and codify exemptions preventing non-custodial wallet providers from being treated as introducing brokers. The companies argued that existing CFTC regulations were designed for custodial financial intermediaries that hold customer assets and process trades, while onchain protocols allow users to transact
The post Hyperliquid, Phantom Ask CFTC to Exempt DeFi From Broker Rules appeared on BitcoinEthereumNews.com.
The joint filing asks regulators to turn Phantom’s March no-action relief into a formal rule covering all non-custodial wallet providers. The Hyperliquid Policy Center and wallet provider Phantom filed a joint comment with the Commodity Futures Trading Commission on Thursday, arguing the agency’s registration rules for exchanges and brokers should not apply to onchain protocol software or non-custodial wallets, according to HPC’s own post on X. The filing responds to a request for information the CFTC and SEC issued jointly in mid-June, seeking industry input on rules that hinder financial-technology innovation. Three Requests HPC and Phantom laid out three asks. First, confirmation that publishing onchain protocol software alone does not trigger registration as an exchange or clearinghouse. Second, a clear path for firms already registered with the CFTC to run regulated functio
The companies urged the regulator to exempt blockchain developers and non-custodial wallet providers from rules designed for traditional financial intermediaries.
Ethereum open interest cooled hard on Binance in July 2026 as OKX spot volume jumped to its strongest level in months. Something in Ethereum’s order books on Binance thinned out hard on July 6, and it took most of the market a full day to notice. The exchange’s derivatives desk had just logged one of […]
The post Binance Ethereum Bets Vanish While OKX Traders Pile Back In appeared first on Live Bitcoin News.
The post Crypto Betting vs Fiat Sportsbooks: What Changes for the Bettor appeared on BitcoinEthereumNews.com.
Sports betting has changed significantly over the past decade. Alongside traditional sportsbooks that rely on bank transfers, cards, and e-wallets, a growing number of operators now accept cryptocurrencies or are built entirely around blockchain infrastructure. For bettors, the difference extends far beyond the payment method. Crypto sportsbooks change how users deposit funds, control their balances, verify their identity, and withdraw winnings. Some platforms such as Dexsport are built as crypto-native sportsbooks rather than a traditional bookmaker that later added Bitcoin payments, Dexsport supports dozens of cryptocurrencies, wallet-based registration, and blockchain transparency while maintaining a licensed betting platform. Understanding these differences helps bettors decide which model better fits their priorities. Crypto vs Fiat Sportsbooks
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