ChainCatcher news, a Texas court has ordered the U.S. Securities and Exchange Commission to repeal a controversial rule that broadly redefined the term "Dealer," a move that has impacted both cryptocurrency-focused financial firms and traditional financial companies.Judge Reed O'Connor found that the rule was passed in February by a 3 to 2 vote, exceeding the statutory authority of the SEC. Traditionally, a dealer refers to an entity that buys and sells securities for itself rather than for others. The SEC expanded the definition in an attempt to include any entity capable of providing market liquidity, particularly in the U.S. Treasury market.In a footnote of the original proposal draft, it was explicitly stated that those "engaged in the trading of crypto securities" must comply with securities laws, register with the SEC, and join industry-supported self-regulatory organizations. Initially, participants in the crypto industry objected to the rule. The expanded interpretation effectively eliminated the distinction between "trader" and "dealer" in traditional understanding.The Texas Blockchain Association and the Crypto Freedom Alliance filed a lawsuit against the securities regulator in April (the month the rule officially took effect), claiming that the rule's intervention in the crypto space was excessive and conflicted with existing laws regulating securities dealers, which have been in place for 90 years.

ChainCatcher news, Matrixport announced the official completion of its all-cash acquisition of the Swiss compliant crypto asset management company Crypto Finance (Asset Management) AG (CFAM).CFAM will be renamed Matrixport Asset Management AG (MAM), providing compliant crypto asset management services for the pan-European market, to lay out Matrixport's global compliant asset management.

ChainCatcher news, Crypto Finance, a subsidiary of Germany's largest stock exchange operator, has signed an agreement with Commerzbank (CBK) to provide trading services for the bank's corporate clients. Two weeks ago, the bank also reached a similar agreement with Zürcher Kantonalbank (ZKB) in Switzerland.Commerzbank (the second largest bank in Germany by number of branches) will provide custody services. The trading services offered by the subsidiary of Deutsche Börse will be aimed at German clients, initially focusing on trading the two largest cryptocurrencies, Bitcoin and Ethereum.

ChainCatcher news, the foreign exchange trading platform 360T under Deutsche Börse Group announced a partnership with Wintermute Asia and Crypto Finance to launch cryptocurrency non-deliverable forward (NDF) products, successfully completing the first transaction on the platform.It is reported that the newly launched cryptocurrency NDF products will initially support Bitcoin (BTC) and Ethereum (ETH), leveraging existing over-the-counter foreign exchange (OTC FX) workflows, aimed at helping its globally diverse client base smoothly adopt these new products. By trading cryptocurrency NDFs on 360T, clients can invest in the underlying cryptocurrencies without actually holding the underlying assets and can hedge existing cryptocurrency asset risks on a regulated platform.

ChainCatcher news, Crypto Finance announced that the German regulator BaFin has granted four licenses to its German subsidiary. The Swiss Financial Market Supervisory Authority (FINMA) has been overseeing this institution-focused Swiss company, whose parent company is Deutsche Börse, which was acquired in 2021. Deutsche Börse plans to launch the institutional cryptocurrency exchange Deutsche Börse Digital Exchange (DBDX) this year.

ChainCatcher news, according to Coindesk, asset management giant TS Imagine is enhancing its digital asset management capabilities by partnering with Crypto Finance, a subsidiary of Deutsche Boerse.TS Imagine provides trading, portfolio, and risk management services to institutional investors such as private banks.Two-thirds of Crypto Finance is owned by the German securities trading platform Deutsche Boerse, which aims to provide crypto investment services to traditional financial institutions. (Source link)

ChainCatcher news, the crypto finance knowledge platform Beurzbyte announced the completion of £2.2 million in Pre-seed funding, with participation from a group of angel investors. Beurzbyte aims to bridge the "knowledge gap" between Wall Street and the general public, targeting novice users who have just entered the financial market. In addition to basic knowledge of cryptocurrency trading tools, it also provides financial knowledge services in areas such as stocks, bonds, and collectibles. (Source link)

Chain Catcher News, the crypto finance platform Tactic has announced the completion of a $11 million funding round, led by FTX Ventures, with participation from Lux Capital, Exponent Founders Capital, Definition Capital, Coinbase Ventures, and others. The company plans to use the funds to hire engineers and expand the platform to support new blockchains and financial workflows.It is reported that Tactic aims to simplify cryptocurrency accounting for businesses that hold or interact with digital currencies, providing a clear view of organizational funds and robust transaction audit trails in an accounting-friendly format. Tactic can seamlessly collaborate with existing custody solutions like Coinbase and traditional financial software like QuickBooks. (Source link)

Chain Catcher news, South Korean crypto financial company Delio has partnered with blockchain infrastructure provider Blockdaemon. In addition to Delio's existing crypto banking products such as loans and deposits, Blockdaemon provides retail-focused staking services for Delio. (source link)

According to Chain Catcher, The Block reported that the UK venture capital firm Northzone has launched a €1 billion fund, focusing on Web3 and fintech startups.It is reported that Northzone was founded in 1996 and has supported tech startups such as Klarna and Spotify, as well as Web3 companies like crypto infrastructure startup Magic Labs, DeFi protocol Gro Protocol, and Web3 privacy company Sunscreen. Northzone partner Wendy Xiao Schadeck described Web3 as the company's "core sector." (The Block)