Fidelity Investments urged the U.S. SEC to speed up rulemaking that would integrate crypto assets into existing market structures, with a focus on alternative trading systems. The firm said broker-dealers still need clearer guidance to offer, custody and trade crypto assets and to support crypto-security trading pairs. Fidelity also pressed for clearer standards for secondary trading of tokenized securities and for clarification on using blockchain for recordkeeping and on-chain settlement.

Gemini is facing a New York class-action that claims the company misled investors about its business strategy in documents tied to its September 2025 IPO and later disclosures. The complaint seeks damages for investors who bought shares from the IPO through mid-February 2026, as the stock fell from a $32 first-day close to $6.01 on Thursday. The case follows Gemini's "Gemini 2.0" pivot toward a prediction market product and workforce cuts disclosed in early February.

Bitcoin briefly fell to $69,969 on Thursday afternoon in Asia before moving back above $70,000, extending a 5.5% decline over the past 24 hours. Ethereum dropped 6.9% to $2,159 and the GMCI 30 index fell about 5.4%, as analysts pointed to inflation data, Fed hawkishness, and oil-price pressures weighing on risk assets.

Moody's said on Tuesday that it launched a network-agnostic Token Integration Engine to move its credit analysis onto blockchain infrastructure, initially by running a node on the Canton Network. The firm also released its finalized methodology for rating stablecoins, centered on the credit quality and composition of their reserve assets alongside market, liquidity, operational and technology risks.

Stablecoin payments infrastructure provider TransFi has raised $19.2 million, including $14.2 million in Series A equity and a $5 million committed liquidity facility. The company plans to use the capital to expand its stablecoin-based cross-border payments platform across Southeast Asia, South Asia, the Middle East, Latin America, and Africa while deepening regulatory licensing and enterprise merchant onboarding.

An Australian Senate committee has recommended passing the Corporations Amendment (Digital Assets Framework) Bill 2025, which would require digital asset and tokenized custody platforms to obtain Australian Financial Services Licences. The bill, introduced by the Treasury in November 2025 and advanced by the House of Representatives in early February, aims to align crypto platforms with other financial service providers and strengthen consumer safeguards.

U.S. Senate Majority Leader John Thune said he does not expect the Clarity Act, a key crypto market structure bill, to pass out of the Senate Banking Committee before April. The legislation, which has already moved through the House, remains stalled amid disagreements over stablecoin yield, even as the Senate advances a housing bill with a CBDC ban and prioritizes President Donald Trump's SAVE America Act.

U.S. prosecutors have asked a judge to reject former FTX CEO Sam Bankman-Fried's February motion seeking a new trial, arguing he has not brought forward any valid newly discovered evidence. They said potential testimony from former executives Daniel Chapsky and Ryan Salame was known before his 2023 fraud and conspiracy conviction and would not have altered the verdict, while also disputing his claims that FTX was solvent and that the case was politically motivated.

Patrick Witt, executive director of the President's Council of Advisors for Digital Assets, argued in a Wednesday X post that GENIUS Act-compliant stablecoins could channel new global capital into the U.S. banking system by meeting overseas demand for dollar-based tokens. His comments come as traditional banking groups warn that yield-bearing stablecoins may drain deposits and as disagreements over stablecoin rewards continue to stall broader crypto market structure legislation, including the Clarity Act.