Weekly Roundup

Retail Investor Adoption of Crypto
A report suggested that institutional and retail investors believe that crypto will become mainstream within a decade.

CFTC Review of Non-Intermediated Model of Crypto Derivatives Trading
The CFTC requested public comment on a proposal from FTX US to modify their Derivatives Clearing Organization (DCO) license to offer a new kind of margin trading to retail customers, as part of what is termed a “non-intermediated” model of crypto derivatives trading, without an intermediary in the form of a Futures Commission Merchant (FCM).

Blockchain ETF
Blackrock launched a blockchain industry ETF, signaling growth potential in the crypto industry.

Options Trading
Discussion continued on retail investor participation in options trading during recent market volatility.

Short Position Reporting
The MFA, among others, submitted comment letters on the SEC’s recent proposal on short position reporting requirements.

Source Code Theft
It was reported that hackers gained access to T-Mobile VPNs, gaining access to numerous company projects and related source code.

In the Mix: This Week’s Top FinTech Thought Leader

  • Elon Musk, CEO, Tesla, continued his plans for a Twitter takeover, with speculation regarding the firm’s legal response to accusations of the company’s political bias.
  • Nicole Elam CEO, National Bankers Association, spoke about fintech and social justice, with a future appearance at Milken on the topic.
  • Katie Haun’s debut VC fund was the largest debut fund ever by a female VC.