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Crypto analyst Darkfost said ETH surged after yesterday's U.S. CPI data came in below expectations, after markets had priced in a roughly 46.5% rate hike probability. He said the rate hike likelihood virtually disappeared after the CPI release. He said investors moved capital rapidly into ETH futures, including approximately $1.2 billion in buying pressure on Binance. Darkfost cautioned that the rebound is largely speculative and too early to call sustained.

The Czech Ministry of Finance added Polymarket to its unauthorized internet gaming platform list and required internet service providers to block access within 15 days. The ministry identified Polymarket as an unlicensed gambling platform. The Czech Institute for Gambling Regulation said Polymarket settles payments using USDC and operates as a decentralized exchange. ESMA warned this month that some event contracts are already barred from retail sales under binary options rules.

The CFTC ordered prediction market Kalshi not to cancel trades after Kalshi filed a July 2 emergency request. A Michigan state court had ordered Kalshi to halt online sports betting in June. CFTC Chairman Michael Selig said canceling executed trades risked a chain reaction across the market.

Drei US-Senatoren lehnten das CLARITY-Gesetz aus ethischen Gründen ab, da der Senat in Kürze über den Gesetzentwurf zur Marktstruktur digitaler Vermögenswerte abstimmen soll. Für die Verabschiedung im Senat sind 60 Stimmen erforderlich, damit der Gesetzentwurf an das Repräsentantenhaus zurückgeht. John Thune versprach, vor der Sitzungspause aufgrund der Sommerferien im Bundesstaat am 10. August eine Abstimmung abzuhalten.

Artemis CEO Jon Ma warned that Robinhood Chain's more than $800 million in daily DEX volume may become a risk because meme coins dominate early trading. DefiLlama recorded roughly $819 million in 24-hour DEX volume on Tuesday and $3.9 billion for the week. Robinhood Chain runs on Arbitrum and launched July 1 to host tokenized stocks and real-world assets.

The Ethereum Foundation privacy team spun out as for-profit EthSystems with backing from Bitmine, SharpLink, and Consensys CEO Joe Lubin. EthSystems aims to build confidential systems for institutional Ethereum users. The company counts former Ethereum Foundation employees Mo Jalil, Oskar Thorén, and Aaryamann Challani as co-founders.

The CFTC blocked Kalshi from canceling prediction market trades placed by Michigan customers. Kalshi had planned the cancellations after a Michigan court order. The CFTC said Michigan has no authority over the contracts. Michigan's Attorney General argued that the trades constitute illegal gambling.

The U.S. CFTC ordered Kalshi not to cancel Michigan customer trades despite a Michigan court order. The state order came from efforts to halt sports trades that Michigan's attorney general called illegal gambling. CFTC Chairman Mike Selig said states and state courts cannot force registered entities to violate the Commodity Exchange Act and CFTC regulations. The CFTC said Michigan is the first state to try to interfere directly in transaction activity.

The U.S. Department of the Treasury and HM Treasury released recommendations on stablecoin activities and tokenized finance, while a UK government-supported industry report said tokenization could add up to $44 billion to the UK’s annual economic output by 2035. Both sides suggested private sector-led groups to test cross-border tokenized asset use cases. The U.S. and UK also said stablecoins should be backed at a minimum 1:1 ratio by high-quality liquid assets.