📊 SEC & CFTC Unite on Crypto Rules

Author

Ryan Serkes
September 30, 2025

Hi everyone, here is your 📊 Daily Trade.

Here's what's happening today:

📊 Phoenix Energy completes $54M IPO for growth
🔗 SEC and CFTC align on crypto regulations
🏠 US pending home sales rise amid low rates
🌍 USA Rare Earth buys UK metals maker LCM
💧 Western Midstream, Aris Water merger deadline set
🎁 +8 more stories you might like

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📊 Phoenix Energy Closes $54 Million IPO, Eyes Growth in Williston Basin Link
  • Phoenix Energy successfully raised $54 million through its initial public offering of preferred shares.
  • The shares are set to trade on the NYSE American under the ticker 'PHXE.P'.
  • Proceeds will support the company's growth strategy in U.S. oil production.
🔗 SEC and CFTC Align on Crypto Regulations to End Turf Wars Link
  • The SEC and CFTC are working together to harmonize crypto regulations in the U.S.
  • SEC Chairman Atkins emphasized the importance of seamless coordination between the agencies.
  • The focus is on creating a unified framework for digital assets and tokenization.
🏠 Pending Home Sales in the U.S. Rebound Thanks to Low Mortgage Rates Link
  • August saw a 4.0% increase in pending home sales, driven by lower mortgage rates.
  • The South, Midwest, and West regions showed strong contract activity, while the Northeast lagged.
  • Despite the rebound, a weakening labor market could dampen future housing growth.
🌍 USA Rare Earth Acquires UK-Based Less Common Metals for $100 Million Link
  • USA Rare Earth's acquisition of Less Common Metals aims to bolster its rare earth supply chain.
  • The deal involves $100 million in cash and stock to secure access to high-quality metals.
  • This acquisition supports USAR's strategy to develop a magnet manufacturing facility in Oklahoma.
💧 Western Midstream and Aris Water Set Merger Consideration Deadline Link
  • Western Midstream and Aris Water announced the deadline for merger consideration election.
  • The merger is expected to close on October 15, 2025, pending shareholder approval.
  • Expiration of the Hart-Scott-Rodino Act waiting period marks a key regulatory milestone.

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Other news & articles you might like

  • 🚗 Global rubber tire market to hit $237B by 2034 (Link)
  • ⚖️ KBR faces class action after contract cancellation (Link)
  • 🩺 Nutex Health accused of financial misstatements (Link)
  • 🏠 Miami tops UBS list as vulnerable real estate bubble (Link)
  • 📉 MoonLake shares plummet, legal actions underway (Link)
  • 🤖 Manufacturers adopt AI for sales modernization (Link)
  • 📈 Alliance Laundry launches IPO roadshow (Link)
  • 💰 New sales tax on services in WA takes effect (Link)

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