News linked to this event type.
The Office of the Comptroller of the Currency (OCC) has conditionally approved World Liberty Financial's application for a national trust bank charter, subject to regulatory and policy requirements. Upon approval, the company may operate under the name World Liberty Trust Company, National Association. World Liberty Financial's application documents show that the bank plans to issue USD-backed stablecoins and custody digital assets related to its USD1 token. U.S. President Donald Trump and his three sons are all affiliated with the company, with Trump family entities holding a 38% stake. Senator Elizabeth Warren, along with nine other senators, introduced the Terminating Presidential Banking Corruption Act following the approval. Elizabeth Warren stated that the OCC's move represents one of the most blatant conflicts of interest in the U.S. financial system. In January 2025, an Abu Dhabi investment company backed by UAE National Security Advisor Sheikh Tahnoon bin Zayed Al Nahyan purchased a 49% stake in World Liberty for $500 million. Another UAE entity, MGX, previously used USD1 to invest $2 billion in Binance. (Cointelegraph)
Odaily News According to reports, multiple prediction markets are converging on pricing for the Fed's September meeting outcome: approximately 74% probability of holding rates steady, about 25% probability of a 25 basis point rate hike, and nearly 1% probability of a rate cut. Relevant Polymarket contracts have seen trading volume of $33.9 million; Kalshi, a prediction exchange regulated by the US Commodity Futures Trading Commission (CFTC), shows a 73.5% probability of holding rates steady, with related wagers nearing $10 million. Myriad, a prediction platform operated by Dastan, indicates approximately 71% probability for this option. The Fed's July meeting voted 9 to 3 to hold rates at 3.50% to 3.75%, with 3 committee members supporting a rate hike. The FOMC is scheduled to meet from September 15 to 16, with the statement planned for release on September 16; a survey shows nearly 70% of economists expect rates to remain unchanged for the remainder of 2026. (Decrypt)
Odaily News: Cryptocurrency exchange Binance plans to apply for a license from the UK's Financial Conduct Authority (FCA), with some services for UK residents expected to resume in 2027. The application is related to the upcoming new digital asset regulations in the UK. The FCA stated in June 2021 that Binance Markets Limited, a UK subsidiary of Binance, was not permitted to conduct regulated activities in the UK. In 2023, Binance announced it would halt new user registrations in response to UK financial promotion regulations. A Binance spokesperson said the company does not comment on speculation regarding potential license applications. Under the crypto regulatory framework published by the FCA in June, relevant firms can submit applications from September this year until February 28, 2027, with the regulatory regime officially taking effect on October 25, 2027. (Cointelegraph)
Binance plans to apply for a crypto license from the UK Financial Conduct Authority, expecting to resume some UK services in 2027.
CME Group 与 Silicon Data 计划于 10 月 5 日推出两款 AI 算力期货合约，待监管审查批准后上市，为 AI 企业提供算力成本对冲工具。
Odaily News: Sheldon Lee, founder of cryptocurrency exchange BitMart, stated that a post on X claiming users were unable to withdraw funds and that some employees had not received their July salaries is a "fabricated rumor," adding that the exchange's Chinese-language account had been hacked. Critics, including users and on-chain investigator ZachXBT, have demanded that BitMart resume withdrawals or undergo an independent third-party audit. BitMart is gradually winding down operations, with the final trading day set for August 26. Troubled investment firm Echo Base said it had proposed a funded restructuring plan to BitMart but received no response. The firm warned that resolving a large volume of customer claims may require proceedings through the courts. (CoinDesk)
BitMart founder Sheldon Lee called the relevant allegations "fabricated rumors," but users and on-chain investigators are demanding the exchange resume withdrawals or undergo an independent audit.
The U.S. Department of the Treasury has issued proposed rules on the GENIUS Act and opened a 60-day public comment period. The Act is scheduled to take effect in January 2027, requiring a federal or state license for payment stablecoin issuance.
Odaily News - The latest disclosure from 21Shares' Polkadot ETF (TDOT) shows that in Q2 2026, the fund sold DOT tokens to pay staking rewards, incurring approximately $4.52 in realized losses for every $1 in distributions generated.According to regulatory filings, TDOT sold 98,505 DOT in Q2, generating approximately $107,500 in cash to pay staking rewards to shareholders. However, due to the sharp decline in DOT's price, these sales confirmed approximately $485,600 in losses.Data shows that DOT fell approximately 34% in Q2 2026, with a cumulative decline of 76% over the 12 months ending June 30. Since TDOT shareholders receive USD-denominated distributions rather than DOT staking rewards directly, the fund must sell DOT to convert to cash payments, thereby locking in losses in a low-price environment. In Q2, TDOT paid shareholders approximately $0.14698 per share in distributions, but the fund's share price fell from $14.95 to $9.86 during the same period, a decline of roughly 34%. Staking yields did not offset the losses from the decline in asset prices. (Protos)
Odaily News: Decentralized lending protocol Compound Finance has completed a leadership overhaul and approved a record $52 million budget. The protocol's total value locked has fallen from a peak of $12 billion in 2021 to $1.2 billion, and it is now seeking to restore growth. Compound Finance is pivoting to serve institutional clients, developing real-world asset products, partner integration solutions, and credit infrastructure to meet the compliance and technical standards of traditional finance. Industry executives say Compound Finance's new leadership team and substantial budget align with the broader shift within the decentralized finance sector toward serving financial institutions. The sector's overall assets had previously declined due to market weakness and security breach incidents. (CoinDesk)
Odaily News GitHub's official status page shows that the platform is currently experiencing service anomalies, with multiple core features seeing degraded availability.According to the latest announcement, GitHub's web interface and API request error rates once reached approximately 20%, while error rates for repository archive downloads and raw repository content downloads stood at around 50%. Additionally, SAML and OIDC authentication, SCIM, and Team Sync features have also been affected.Currently affected services include: Pull Requests performance degradation; Issues performance degradation; Actions (automated workflows) performance degradation; Webhooks performance degradation; API Requests experiencing anomalies; GitHub Copilot experiencing degraded availability.GitHub stated that its team is continuously investigating the root cause of this incident and will provide further updates once more information becomes available.As of now, GitHub has not disclosed the specific cause of this outage, nor has it indicated whether a security incident is involved. This service disruption may impact developers and enterprise users who rely on GitHub for code hosting, continuous integration and deployment, and AI-assisted development.
Digital asset infrastructure company Fireblocks announced the appointment of former Acting Chairman and Commissioner of the U.S. Securities and Exchange Commission Elad Roisman as Chief Regulatory and Policy Officer and General Counsel for Regulatory Affairs, effective immediately. Roisman will be responsible for Fireblocks' regulatory strategy, policy communication, and related legal affairs, and will serve as the company's primary liaison with regulatory agencies and standard-setting bodies.
Odaily News The U.S. Department of the Treasury released on August 17 a Notice of Proposed Rulemaking (NPRM) regarding the implementation rules for the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins), and is seeking public comments to advance the establishment of a U.S. regulatory framework for payment stablecoins.Treasury Secretary Scott Bessent stated that the Trump administration and Congress have driven the passage of the GENIUS Act, establishing a "landmark regulatory framework and clear rules" for payment stablecoins, and the Treasury is accelerating the implementation of related systems. He stated that the Treasury hopes to support innovation and development by U.S. companies by providing regulatory certainty, while consolidating the U.S. dollar's status as the global reserve currency and positioning the United States as a global hub for crypto assets.Under the GENIUS Act, starting January 18, 2027, any entity seeking to issue payment stablecoins in the United States will generally be required to obtain an appropriate federal or state license. Additionally, digital asset service providers will generally be prohibited from offering, selling, or distributing payment stablecoins issued by foreign entities to the U.S. market, unless the foreign issuer has the technical capability to comply with U.S. regulatory requirements and can adhere to relevant arrangements reached between the United States and the issuer's jurisdiction.Starting July 18, 2028, the Act further requires that digital asset service providers generally may not offer or sell payment stablecoins to "U.S. persons" unless the relevant stablecoins are issued by a licensed issuer.The Treasury's draft rules primarily provide regulatory interpretation on two key issues: first, clarifying what constitutes "issuing payment stablecoins in the United States" to help issuers determine when they need to obtain a license under the GENIUS Act; second, clarifying what constitutes "offering or selling payment stablecoins to U.S. persons" to provide compliance guidance for companies participating in the U.S. stablecoin market.The U.S. Department of the Treasury stated that the public comment period will last 60 days following publication in the Federal Register, during which the public and industry participants may submit comments.
Glassnode pointed out in its latest market report that although Bitcoin has rebounded slightly after retreating from the $65,000 zone last week, it remains clearly range-bound overall. Spot trading volume and on-chain transaction throughput continue to shrink, with market liquidity and participation willingness at low levels. The derivatives market also shows caution, with leverage expanding moderately, but aggressive taker activity in perpetual contracts continues to lean toward the sell side, reflecting more aggressive distribution behavior. Funding rates remain positive, indicating lingering long-side inclination, while the options market continues to price downside protection at a premium above actual volatility levels.Institutional demand has simultaneously weakened, with declining spot ETF volumes compounded by net outflows. Institutional positions are near their cost basis, limiting unrealized profit potential for regulated investors and causing a temporary pause in accumulation momentum. On-chain profitability is under pressure, with a large portion of supply in loss and realized losses consistently exceeding profit-taking.The report also noted that the broader pace of capital outflows has begun to slow, which could be an early signal that selling pressure is stabilizing. The overall market remains caught between short-term selling pressure and relatively resilient long-term holdings. Weak spot liquidity, deteriorating institutional flows, and elevated loss realization collectively point to a continuation of the consolidation pattern, while the slowing outflow pace suggests the market may be approaching a more balanced state before its next directional move.
: The Central Bank of Russia has released a draft regulation proposing to include digital currencies in the asset scope for calculating prudential regulation metrics such as capital adequacy ratios for professional financial market participants, applicable to institutions including brokers, asset management companies, forex dealers, and cryptocurrency exchangers. The draft stipulates that relevant institutions may only include cryptocurrencies approved for exchange trading when calculating their own funds, with the value not exceeding 25% of the total assets included in the calculation, and such assets must be registered and held in custody by crypto custodians. The Central Bank of Russia stated that this move aims to incorporate crypto asset risks into capital regulation and enhance the financial stability of financial intermediaries. (TASS)
Odaily News - Hyperliquid Policy Center announced that it has recently submitted a joint comment letter with Douro Labs to the U.S. Securities and Exchange Commission (SEC), supporting the SEC's proposal to rescind Rule 611 of Regulation NMS (the "Trade-Through Rule") and calling on regulators to establish a clearer Best Execution regulatory framework for on-chain markets.The Hyperliquid Policy Center believes that the current Trade-Through Rule is built on traditional securities market structures and is clearly incompatible with blockchain-native trading models. HPC and Douro Labs put forward three recommendations in their joint comment letter:First, they support the SEC in rescinding the Trade-Through Rule. The two companies argue that this rule relies on a traditional quote system that cannot accurately reflect the on-chain trading environment, and its continued application could hinder the development of on-chain financial markets.Second, the SEC should establish clear best execution guidance for on-chain trading. On-chain markets feature new factors that do not exist in traditional markets, such as quote-less trading, 24/7 operation, blockchain network fees, and MEV (Maximal Extractable Value). Brokers need clearer regulatory standards to ensure they can execute trades on behalf of clients.Third, the regulatory framework should be principles-based and recognize independent price reference mechanisms. HPC and Douro Labs suggest that when the traditional NBBO cannot cover on-chain markets, the SEC should recognize independent price reference data formed through transparent, manipulation-resistant mechanisms. For example, the Pyth Network, which Douro Labs helped build, provides price oracle services for on-chain markets by aggregating real-time data supplied by exchanges and market participants.
Odaily News Cryptocurrency exchange Binance provided Russian authorities with customer transaction records and identity information, which were subsequently used in a terror financing case against IT specialist Yuri Belenkiy. Yuri Belenkiy was detained in September 2025 and is currently awaiting trial in Russia. The Russian Investigative Committee accused Yuri Belenkiy of donating more than $700 in cryptocurrency to the Ukrainian military and banned organizations between January 2023 and March 2024. The data obtained by Russian authorities included his transaction history, date of birth, address, phone number, Russian passport, and Bulgarian residence permit. Binance announced its full exit from Russia in September 2023, selling its local business to CommEX. Binance stated that the company is not responsible for formulating or enforcing laws in any jurisdiction, nor does it determine the content of charges or how governments use information in legal proceedings. The company cooperates with legitimate information requests from global law enforcement agencies, subject to applicable laws, privacy, and regulatory requirements. (Cointelegraph)
According to Reuters, Binance provided Russian authorities with a customer's transaction records and identity information, which were subsequently used in a terrorist financing case. Russian investigators stated that IT expert Yuri Belenky donated over $700 via cryptocurrency to fundraising activities related to the Ukrainian military and a banned organization between January 2023 and March 2024.
Odaily News According to reports from the Americas, Europe, and the Middle East, family offices of ultra-high-net-worth investors are significantly increasing their investments in SpaceX, with total exposure reaching approximately $3.8 billion. This shows that private wealth institutions are competing for investment opportunities in the rocket, satellite, and artificial intelligence company founded by Elon Musk.According to data compiled by Bloomberg based on regulatory filings (13F), as of the end of June, the family office of Nick Pritzker, heir to the Hyatt hotel fortune, held a SpaceX investment position valued at approximately $1.8 billion.The report states that as SpaceX gains market attention following its initial public offering (IPO), more and more family offices are positioning themselves in the company through private market investment channels. Since SpaceX remains a high-valuation, scarce private technology asset, its equity opportunities have long been sought after by institutional investors and ultra-wealthy individuals.Investors value not only SpaceX's leading position in the commercial aerospace sector, but also its Starlink satellite internet business and its future potential in artificial intelligence infrastructure. As the AI wave prompts global capital to reassess the value of computing power, communications, and space infrastructure, SpaceX is gradually becoming an important investment target connecting the aerospace, satellite communications, and AI industries.However, due to the limited liquidity of SpaceX's private equity transactions and their high valuations, the large-scale bets by family offices also mean that investors are taking on higher long-term valuation and exit risks. (Bloomberg)
Odaily News Bitfinex's latest report indicates that Bitcoin (BTC) has been fluctuating within a narrow range recently, with volatility, trading activity, and market liquidity all compressed to levels similar to those seen at the end of a bear market.Currently, Bitcoin's price remains above the "Median Realised Price" of around $63,200, while the key level for short-term holders (STH) to achieve overall profitability stands at $67,176. Meanwhile, market demand is weakening: U.S. spot Bitcoin ETFs recorded net outflows of approximately $385 million last week, corporate Bitcoin reserve-related activity has turned negative, spot trading volume has fallen to multi-year lows, and Bitcoin transfer speed has dropped to its lowest level in seven years.Bitfinex stated that in the current extremely thin liquidity environment, even slight changes in capital flows could trigger significant Bitcoin price fluctuations. At the same time, weak retail activity, declining real income, and deteriorating consumer confidence indicate that U.S. household demand is under pressure. Bitfinex noted that the current market shows a clear divergence: accommodative financial conditions are driving traditional risk assets higher, but the crypto market has not yet received corresponding capital inflows.Bitfinex believes that the core market question has shifted from "whether monetary policy will improve" to "whether improved liquidity can translate into capital inflows for crypto assets." If Bitcoin spot ETFs resume sustained net inflows in the future, coupled with stablecoin supply expansion, this would signal a restart of the crypto market's liquidity transmission mechanism and could become a key catalyst for BTC breaking out of its prolonged low-volatility state.Before capital returns, although the macro environment is gradually improving, the crypto market's upside still lacks capital support. However, given that market participation has dropped to extremely low levels and BTC continues to hold key realized price support levels, once liquidity re-enters the market, it could trigger violent fluctuations. The current structure leans toward an upward breakout once demand recovers.