THE DAILY BRIEFING

A clearer view of today.

The stories that matter. The context you need.

INDEPENDENT PERSPECTIVEFree to read.
Every day.

Business

Your briefing

3 min read

AI-assisted briefingHow we put it together ↗
CFTC clears first-ever federally supervised U.S. spot crypto market; Coinbase could follow

Chicago-based Bitnomial won approval to offer spot crypto trading directly under the CFTC’s oversight, including leveraged and non‑leveraged products — a first for U.S. markets. A joint SEC–CFTC clarification said registered exchanges can list spot crypto commodities with proper coordination, paving the way for other DCMs like Coinbase, Kalshi and Polymarket to add spot venues. The move brings parts of the crypto cash market into the commodities rulebook without waiting for new legislation.

Source: FinanceFeeds


Vanguard reverses course, will let clients trade crypto ETFs and mutual funds

After years of resistance, Vanguard will allow third‑party ETFs and mutual funds backed by crypto assets to trade on its brokerage platform starting Tuesday. The shift opens regulated digital‑asset funds to tens of millions of Vanguard accounts — particularly retirement investors — and narrows the distribution gap with rivals that embraced spot bitcoin and ether ETFs earlier.

Source: FinanceFeeds


FTMO completes acquisition of OANDA, aiming to build a global trading powerhouse

Proprietary trading leader FTMO closed its purchase of OANDA after securing approvals from five regulators, keeping OANDA as a standalone business while integrating capabilities over time. The deal marries FTMO’s fast‑growing prop model with OANDA’s multi‑asset, globally regulated brokerage footprint, signaling a push to serve traders “on all levels” with a combined ecosystem across prop, brokerage and tooling.

Source: FinanceFeeds


Nomura closes $1.8B Macquarie asset deal, adds $166B AUM and a U.S. mutual‑fund platform

Nomura finalized its largest global expansion since 2008, acquiring Macquarie’s U.S. and European public‑markets asset business to form Nomura Asset Management International. The transaction delivers a long‑sought U.S. mutual fund franchise, deepens fixed income and multi‑asset capacity, and accelerates Nomura’s 2030 plan to scale a diversified global asset‑management platform.

Source: FinanceFeeds


Oil tightens on supply hits and OPEC stance; gold supported by dovish Fed bets

Crude prices firmed as damage to a key Black Sea terminal and OPEC+’s willingness to pause supply increases tightened the outlook, while geopolitical risks added a bid. In parallel, markets priced high odds of a December Fed cut, weakening the dollar and boosting gold’s safe‑haven appeal as technicals point to room for further upside.

Source: Seeking Alpha | FinanceFeeds


BoE flags risks to debt‑fueled AI boom amid stretched market valuations

The Bank of England warned that rapid, leverage‑driven growth around artificial intelligence could falter if funding conditions tighten, given already elevated asset prices. The caution adds to a growing chorus of supervisors highlighting concentration and financing risks as AI capex accelerates across corporates and private credit.

Source: Seeking Alpha


Prediction markets hit record $9.5B in November as institutions take notice

Kalshi and Polymarket set fresh highs with $5.8B and $3.74B in monthly volume, respectively, as event‑driven trading surged around macro, policy and election themes. Media integrations and potential market‑maker partnerships are deepening liquidity, pushing the platforms closer to mainstream probability and price‑discovery tools for both retail and professional users.

Source: FinanceFeeds


You May Also Be Interested In…
Business — December 2, 2025 | Briefing24