#futures
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US CFTC Chair Rostin Behnam Resigns
Rostin Behnam, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), will step down on January 20, coinciding with Donald Trump’s inauguration. His resignation signals potential shifts in regulatory priorities as the new administration prepares to overhaul federal oversight. 
CSFC Convicts Telegram Admin for Unauthorized Financial Advice
A Chinese court has found Wong Ming-Chung, the administrator of a financial Telegram chat group offering paid subscriptions, guilty of providing investment advice without the necessary license over several years. The investigation and subsequent lawsuit were led by the China Securities and Futures Commission (CSFC). 
Anticipation for Payments on X Boosts Meme Coin Interest
The announcement of new payment functionalities on X has catalyzed a surge in interest for meme coins such as Dogecoin (DOGE), Floki (FLOKI), and Shiba Inu (SHIB). This growing enthusiasm is evident in the significant increase in futures open interest for these coins. Despite the heightened trading volumes, there has been little impact on their prices. Indonesia to Tighten Rules for Crypto Exchanges
The Indonesian government has reiterated the necessity for cryptocurrency exchanges to register with the Commodity Futures Exchange (CFX), a national trading platform established in 2023. Exchanges that fail to register will be compelled to cease their operations in Indonesia. 
Bitcoin Inches Closer to $100,000—Is the "Santa Rally" Next?
Bitcoin reached a historic peak of $98,000 on November 21, bringing it closer than ever to the $100,000 milestone. On the Deribit exchange, Bitcoin futures have already breached this level for contracts set to expire in March, June, and September 2025. 
Crypto Con Artist Swindles $240,000 from American Senior
A tale of trust turned treachery: an American senior ventured into cryptocurrency investments guided by an online acquaintance from Instagram, resulting in a staggering loss of $240,000. Though wary of funneling substantial amounts into a dubious site at first, his initial crypto futures successes led him to up his investments. The insistence from his online friend to boost his deposit only fueled his decisions. 
CFTC Levels Fraud Allegations Against Debiex Crypto Exchange
The U.S. Commodity Futures Trading Commission (CFTC) has brought to light a scheme by Debiex's staff, who allegedly developed personal and even romantic relationships with potential customers to draw them into their trading platform. The CFTC has now sued Debiex, charging them with fraudulent activities. 
