News linked to both this project and an event.
According to The Block, at a meeting of the Commodity Futures Trading Commission's (CFTC) Innovation Advisory Committee, CME CEO Terrence Duffy publicly addressed the risks of manipulation in prediction market contracts, stating that "there are indeed people manipulating these contracts, which is extremely harmful to the industry," and expressing concern over the potential manipulation risks associated with numerous self-certified contracts, as well as those related to Trump's State of the Union address and Maduro's removal from office. CFTC Chairman Michael Selig promptly interrupted and rebutted this, noting that all the aforementioned contracts operate overseas and are not issues for the U.S. market. Subsequently, Kalshi COO Luana Lopes Lara challenged CME by asking whether it had also faced manipulation issues, leading to a heated exchange between both parties. Currently, the dispute over regulatory jurisdiction for prediction markets continues to escalate, with the CFTC asserting "exclusive jurisdiction" and having already filed lawsuits against several states, while pledging to advance revisions to consumer protection rules; meanwhile, some members of Congress have introduced legislation aimed at banning the listing and trading of prediction contracts tied to sports or gambling.
According to The Block, Securitize President Brett Redfearn stated that the U.S. Securities and Exchange Commission withdrew the crypto innovation exemption rules last Friday due to concerns over the voting progress of the Clarity Act. Redfearn expects the rules to be introduced following the Senate vote on September 15, likely in early October.
According to The Block, Curve founder Michael Egorov stated that regulatory pressure from the Financial Action Task Force (FATF) on decentralized finance (DeFi) may prompt protocols to remove privileged access, upgrade risks, and the ability to intervene with user funds, thereby improving DeFi security and enhancing decentralization.
According to The Block, Kraken has officially launched US stock trading services for eligible users in all member states of the European Economic Area (EEA). It is reported that the service was previously quietly launched in Germany, the Netherlands, and France, and is now officially fully open to the entire European Economic Area. Kraken stated that it is currently the only crypto-native platform capable of providing European Economic Area users with trading of both spot US stocks and their tokenized versions within the same regulated account.
According to The Block, the Blockchain Association filed an amicus curiae brief on August 13 supporting Custodia Bank's appeal to the U.S. Supreme Court, requesting a review of the legality of the Federal Reserve Bank's refusal of its master account application. The Blockchain Association pointed out that this case concerns whether legitimate digital asset enterprises can compete in a fair environment, and warned that the lower court ruling provides a precedent for federal regulators "to debank unpopular industries in the future without the intervention of state regulators." Custodia Bank was founded by Wall Street veteran Caitlin Long, applied for a Fed master account in October 2020, was rejected by the Federal Reserve Bank of Kansas City in January 2023 on the grounds that the crypto business model posed risks, subsequently lost twice in the district court and the Tenth Circuit Court of Appeals, and was denied rehearing by the full court in a 7 to 3 vote in March 2026. The Federal Reserve Bank of Kansas City must respond to the Supreme Court application by September 11.
According to The Block, the New York City Council has launched an investigation into four prediction market platforms—Kalshi, Polymarket, Coinbase, and Gemini Titan—alleging they employed "false, deceptive, or abusive" marketing tactics targeting young users. Among them, Polymarket was accused of paying social media creators to film videos placing fake bets on counterfeit websites, an incident first disclosed by The Wall Street Journal in June this year. Additionally, prediction market platforms face insider trading allegations; New York Governor Kathy Hochul signed an executive order in April prohibiting state government employees from using confidential government information to place bets on prediction markets.
According to The Block, Anchorpoint, a subsidiary of Standard Chartered Bank, officially launched the first phase issuance of the HKD stablecoin HKDAP on Wednesday, opening test access to institutional distributors and professional investors. Anchorpoint, established as a joint venture by Standard Chartered Bank, HKT, and Animoca Brands, received a stablecoin issuer license from the Hong Kong Monetary Authority (HKMA) in April this year, becoming one of the first licensed institutions.
Odaily News – Bitcoin mining companies MARA Holdings and CleanSpark have released their latest quarterly earnings reports, with both companies posting double-digit year-over-year revenue declines. MARA reported Q2 revenue of $174.9 million, down 27% year-over-year, while CleanSpark reported fiscal Q3 revenue of $138 million, down 30.5% year-over-year.Despite the earnings pressure, both companies continue to expand their high-performance computing (HPC) and AI infrastructure businesses. As the AI industry grows and Bitcoin mining difficulty continues to rise, both companies are investing resources to expand their HPC business lines. MARA stated it will expand its AI computing capabilities through the acquisition of power and data center assets, with its future power portfolio potentially reaching 4.8 GW. CleanSpark, meanwhile, said it currently controls more than 1.8 GW of power, land, and data center resources.To date, MARA holds approximately 35,577 BTC, while CleanSpark holds approximately 13,924 BTC, ranking fourth and eleventh respectively among publicly traded companies' Bitcoin holdings. (The Block)
Odaily News – The ethics provision of the CLARITY Act, proposed by U.S. Senators Thom Tillis and Ruben Gallego, would require Trump to divest his crypto-related business assets, an arrangement that could allow Trump to defer federal taxes on gains from those assets for years, potentially saving millions of dollars. This provision has become one of the key factors driving the passage of the CLARITY Act, the first comprehensive crypto regulatory bill in the U.S., through the Senate. The latest version also permits state attorneys general to enforce the rules, whereas the previous version only granted enforcement authority to the Department of Justice.As of Thursday afternoon, Senate Majority Leader John Thune had not yet filed a cloture motion, a necessary step before a formal vote. (The Block)
Odaily News: Cryptocurrency market maker Wintermute announced that its U.S. subsidiary, Wintermute USA, has completed its broker-dealer registration with the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). With the registration complete, the company can provide liquidity to U.S. stock exchanges and over-the-counter (OTC) trading counterparties, and trade equities and options using its proprietary accounts. In addition, Wintermute can now self-clear digital asset securities transactions and act as an Authorized Participant (AP) for exchange-traded products (ETPs), including ETF products related to digital assets. (The Block)
Odaily Odaily News: Wall Street investment firm Bernstein has reaffirmed its "Outperform" rating on stablecoin issuer Circle Internet Financial, maintaining a $140 price target.Bernstein stated that Circle's second-quarter performance effectively addressed previous market concerns regarding intensifying stablecoin competition and the growth potential of reserve asset income. Analysts believe that Circle's expanding partnerships, regulatory licensing progress, and the upcoming Arc blockchain project will bring new revenue streams to the company—growth drivers that are not yet fully reflected in current market expectations.As the stablecoin market continues to expand, Circle is expected to further broaden its business model through payment infrastructure, on-chain financial services, and ecosystem collaborations, with its future growth potential still underestimated by the market. (The Block)
According to The Block, Bitwise Chief Investment Officer Matt Hougan stated that even if the US Clarity Act fails to pass this week, the crypto industry will still find a way forward. The US Congress will enter summer recess from August 10 to September 11, leaving the Clarity Act with only a three-day window to advance in the Senate. Hougan pointed out that if the bill fails to pass, SEC Chairman Paul Atkins may directly introduce regulatory rules more friendly to the crypto industry, which could even become an accelerator for industry development. However, he also warned that delayed legislation will increase market uncertainty, further hindering institutional investors from entering the market.
据 The Block 报道，德克萨斯州州长 Greg Abbott 本周一下令要求公用事业委员会（PUCT）及电网运营商 ERCOT 对州内所有在队列中的数据中心项目展开审计，ERCOT 随即暂停了原定本月公布结果的"Batch Zero"大型用电审批流程。目前数据中心申请占 ERCOT 474GW 互联队列的约 90%。 Bernstein 分析师在周二发布的客户报告中指出，此次监管审查将抑制投机性开发、压缩新增电力容量供给，从而提升已获批电力容量的稀缺价值，利好现有比特币矿企及 AI 运营商。报告点名 Cipher Digital（CIFR）、CleanSpark（CLSK）及 Core Scientific（CORZ）受审计影响较大，因其近期扩张计划依赖德州电网接入；而 Terawulf（WULF）因电力资产分布于肯塔基、马里兰及纽约等多州，抗风险能力较强；Riot Platforms（RIOT）和 IREN 则因已在 ERCOT 拥有大规模获批运营资产而受益。
According to The Block, Bernstein analysts indicated that the likelihood of the U.S. Clarity Act passing within 2026 is declining, with the Senate left with only this week's window (before recess on August 7). Analysts noted that if the bill fails, the digital asset market may experience a negative reaction in the short term, but the SEC and CFTC will accelerate rule-making under the "Project Crypto" framework, covering token classification, DeFi, and self-custody regulatory details, while continuing to promote innovative areas such as tokenized real-world assets (RWA), perpetual contracts, and prediction markets. CFTC Chairman Michael Selig previously also warned that if Congress fails to act, regulators will be forced to "take over all rule-making". Currently, bipartisan senators Thom Tillis and Ruben Gallego have submitted a revised ethics compromise proposal, and negotiations are still ongoing.
According to The Block citing Bits Media, Russian law enforcement agencies recently raided the offices of multiple cryptocurrency exchanges in Moscow to investigate a theft case involving 144 million rubles (approximately $1.8 million). Investigators suspect the stolen funds were transferred through the exchanges and are currently reviewing whether relevant employees are involved.
According to The Block, the JPMorgan analyst team (led by Managing Director Nikolaos Panigirtzoglou) released a report on July 30 stating that the probability of the "Clarity Act" (Crypto Market Structure Act) passing in the US Senate within the year has dropped to a historic low. The Kalshi prediction market shows a passing probability of only 37%, while Polymarket is even lower at 26%. Analysts pointed out that disagreements on core issues such as ethical provisions, enforcement standards, stablecoin yields, decentralized finance, and illicit finance remain unresolved. Voting is expected to be difficult to complete before the Senate summer recess, and may be postponed until after senators return in mid-September.
According to The Block, bipartisan Senators Thom Tillis (Republican) and Ruben Gallego (Democrat) submitted a new ethics compromise proposal to the White House on Thursday morning local time, attempting to break the deadlock in advancing the Clarity Act cryptocurrency legislation. Currently, there is less than a week left until the Senate recesses on August 7, but the bill still has not obtained the 60 votes required for passage. Democrats insist on adding stricter ethics provisions to constrain the Trump family's crypto interests, including the Meme coins they issued and the World Liberty Financial project in which the family participates, while some Republican senators have objections to the stablecoin interest provisions, worrying that it will divert deposits from traditional banks to the crypto sector. Although the draft leaked last week prohibited public officials and their spouses from issuing digital assets, it did not cover other family members, and included a "sunset clause" expiring in January 2029, which critics believe essentially nullifies the entire ethics provision. Treasury Secretary Scott Bessent subsequently blamed the Democrats on X, stating that they "chose political gaming on the verge of a major victory". The Crypto Innovation Committee (CCI) warned that if the bill fails to pass, the US will hand over its global leadership position in the field of crypto regulation.
the token is issued by Anchorage Digital Bank, can be natively minted and redeemed on Celo, and can be directly used to pay on-chain gas fees via Celo's fee abstraction mechanism. USAT went live in January this year and currently has a market cap of approximately $185 million.
According to The Block, 44 state attorneys general led by Ohio Attorney General Andy Wilson jointly submitted a public comment letter to the Commodity Futures Trading Commission (CFTC), stating that the CFTC's proposed rules exceed the authority granted by the Commodity Exchange Act and requesting them to redraft new rules compliant with the Constitution. The letter emphasized that sports betting has historically fallen under state-level regulatory jurisdiction, and the federal government has never intervened. Meanwhile, the NFL also wrote to CFTC Chairman Michael Selig, requesting to curb the expansion of sports prediction markets, arguing that the current proposed rules are insufficient to protect the integrity of events. Currently, the legal battle between states and the CFTC continues to intensify: a Minnesota court ruled to suspend the enforcement of the state's prediction market ban, allowing Kalshi and Polymarket to continue operations; however, a New York federal judge again refused to block New York State from enforcing gambling laws against Kalshi, and Michigan and Washington states have also issued temporary injunctions restricting Kalshi from conducting sports event contract business locally.
据 The Block 报道，美国国家橄榄球联盟（NFL）于 7 月 27 日向 CFTC 主席 Michael Selig 发函，回应 CFTC 近期发布的预测市场监管草案，要求在多个关键领域予以强化。NFL 在信中强调，保护比赛完整性是其首要优先事项，并呼吁 CFTC 收紧对易被操纵、依赖裁判自由裁量或结果可提前知晓的高风险合约的定义。 此外，NFL 还对 10 天预审批窗口期过短表示异议，要求明确内幕交易禁令，建立强制性"联盟专属禁止投注者"名单，并重申此前提出的禁止保证金交易、限制广告投放、设定 21 岁年龄门槛等消费者保护建议。