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The CFTC holds its first public meeting on innovation, accepting written comments until August 27, following a closed-door meeting at the White House.
The U.S. Commodity Futures Trading Commission is expected to hold the first meeting of the Innovation Advisory Committee on Thursday, bringing issues on the management of crypto assets, artificial intelligence, and prediction markets onto the agency’s public agenda.
The meeting takes place just one day after President Donald Trump met with leaders from the crypto-asset business, prediction markets, and senior financial regulators at the White House, where crypto-asset management was also discussed in depth. CFTC Chairman Mike Selig said before the meeting that the United States faces an important choice about how to approach emerging financial technologies.

Nexo Australia launches crypto-backed credit limits with interest rates of 0.9%–21.9%, disbursed within 24 hours.
Nexo Australia has officially rolled out credit limits secured by tokenized assets, after becoming a credit representative under Australia’s National Consumer Credit Protection Act. As stated in a notice the company shared on Tuesday, the new credit limits allow eligible customers to borrow Australian dollars or stablecoins by using the tokenized assets they hold as collateral, without needing to sell those assets.

Ripple Prime issues $275 million of preferred bonds to support the expansion of prime brokerage, as well as to fund and clear multi-asset transactions.
Ripple successfully raised $275 million through a preferred bond offering that concluded on Tuesday, to support the expansion of the company’s business operations in the U.S. into traditional financial services. The unsecured preferred bonds were issued in the form of a private placement by Ripple Prime, the company’s non-bank primary brokerage unit, and, according to a Ripple statement, the offering attracted a diverse group of institutional investors from financial markets.

Bitcoin.com transfers USDU, the only stablecoin registered with the Central Bank of the UAE, into its self-custody wallet, expanding its retail distribution channels.
Bitcoin.com has announced the integration of USDU, a stablecoin backed by USD and registered with the Central Bank of the United Arab Emirates, into its web wallet and self-custody mobile wallet. This is a notable expansion of USDU’s distribution channel, which is issued by Universal Digital, a company headquartered in Abu Dhabi, and is currently the only Foreign Payment Token registered under the UAE central bank’s Token Payment Services Regulations.

Trump confirms the CFTC’s efforts to bring Hyperliquid into the U.S. legally; HYPE and related ETFs rose by nearly 20% in the session.
On Wednesday, President Donald Trump said that Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission, is working to bring Hyperliquid, a trading platform focused on perpetual futures contracts, to the U.S. in a way that is fully compliant and legal. The remarks were made at a press conference with technology leaders and heads of federal agencies, as the CFTC seeks to bring perpetual futures markets into official operation within the United States.

Base narrows Batches 004 to 10 startups, with each group receiving $100,000, prioritizing AI agents, payments, and onchain finance.
The team behind Base, Coinbase’s layer-2 Ethereum network, has just announced it is narrowing its $1 million startup accelerator program to just 10 groups in the latest selection round called Base Batches 004. Each selected company will receive an initial investment of $100,000, according to a Coinbase statement on Wednesday.

OCC Chairman Jonathan Gould pledged to issue GENIUS regulations before November, in time to process application dossiers in the new year.
The U.S. Office of the Comptroller of the Currency (OCC) is accelerating progress to finalize regulations before November to implement the stablecoin law signed by President Donald Trump, according to remarks by OCC head Jonathan Gould on Wednesday at the annual SALT conference in Wyoming.

President Trump urges passage of the CLARITY Act, confirming that Hyperliquid is being brought into the U.S. under a legally compliant framework.
President Donald Trump on Wednesday called on Congress to pass a “fair version” of the CLARITY Act, as he spoke to top leaders in the digital assets and finance sector at the White House.
He emphasized that this market structure bill is the next step in his administration’s agenda for digital assets, while affirming that this is an important legal document helping the United States maintain its leading position over China and other countries in the field of financial innovation.

Neuberger partners with Securitize to launch the HINC fund, investing in high-yield bonds tokenized on Avalanche, Ethereum, Solana, and Sui, expanding the market for digitized real-world assets.
Neuberger, an independent investment manager overseeing a portfolio of up to USD 613 billion, has officially entered the tokenized real-world asset market through its partnership with Securitize. The first product under this partnership is the Neuberger Securitize High Income Tokenized Fund, abbreviated as HINC—a tokenized fund focused on high-yield bonds and other fixed-income instruments.

The People’s Bank of China added 8 banks to the e-CNY network, bringing the total number of operating institutions to 30, after an expansion of 12 banks in April.
China’s central bank has added another 8 banks to the digital yuan network, bringing the total number of e-CNY operating institutions to 30. According to a report by Xinhua News Agency published on Monday on the website of the Chinese government, the People’s Bank of China (PBOC) has added Ping An Bank, Hengfeng Bank, China Bohai Bank, Bank of Shanghai, Bank of Hangzhou, Huishang Bank, Bank of Changsha, and Guangxi Beibu Gulf Bank to the list of licensed institutions.

The FASB sets criteria to determine when a stablecoin qualifies as cash equivalents under GAAP, requiring 1:1 collateralization and direct convertibility rights.
The Financial Accounting Standards Board (FASB) has proposed guidance on how companies may classify certain stablecoins as cash equivalents under generally accepted accounting principles in the U.S.
On Tuesday, the FASB said the proposed Accounting Standards Update would add illustrative examples to the existing definition to address inconsistent application to crypto assets such as stablecoins, while the definition itself would not change.

Edward Zimbardi, the promoter of the Ponzi scheme “The Crypto Program,” was deported from Fiji to the United States after more than a year on the run, facing 25 criminal charges.
Edward Zimbardi, who promoted an alleged $165 million cryptocurrency Ponzi scheme called “The Crypto Program,” was deported from Fiji to the United States last week after more than a year on the run.
Zimbardi is scheduled to appear in federal court in Los Angeles on Monday to face 12 charges of electronic fraud, 12 charges of money laundering, and one charge of conspiracy to commit money laundering, according to the U.S. Attorney's Office for the Northern District of Georgia. Prosecutors said the government will recommend that Zimbardi remain in custody under U.S. Attorney's Office pending further proceedings.

Metaplanet provided 2,100 BTC worth $132.1 million to Super League, which renamed itself to Superplanet, and holds 95.7% of the shares on Nasdaq.
Metaplanet, the Tokyo-listed company that has become one of the world’s largest holders of Bitcoin, is expanding into the U.S. after reaching an agreement to provide 2,100 BTC as an initial asset source for a Nasdaq-listed Bitcoin holding company.
Under an agreement announced on Tuesday, Metaplanet will contribute this amount of Bitcoin, valued at approximately $132.1 million, along with $2.5 million in cash to Super League Enterprise, a media company in the video game industry, in exchange for common stock, preferred stock, and warrants.

Kalshi filed with the CFTC to launch the US500 and COPPERPERP perpetual contracts, expanding its offerings after the Bitcoin contract was approved in May.
Kalshi has just filed an application with the U.S. Commodity Futures Trading Commission (CFTC) to launch perpetual futures contracts tied to a stock index and gold, as this market platform prediction continues to drive its plan to expand into a comprehensive financial exchange platform.

Citi adds Bitcoin custody to the Custody+ solution suite, enabling institutional clients to hold both crypto assets and traditional securities within the same framework.
Citi is preparing to add Bitcoin custody services alongside traditional assets, as the banking group continues to expand its crypto asset infrastructure. In a statement on Tuesday, the service will be part of Custody+, a solution suite that includes custody and settlement tools, allowing institutional clients to access both traditional securities custody services and crypto asset custody within the same operating framework.

The SEC proposes new regulations that would allow crypto asset projects to raise up to $75 million per year without needing to fully register their securities.
The U.S. Securities and Exchange Commission (SEC) on Tuesday proposed new rules that would allow crypto asset projects to raise funding without having to complete full securities registration procedures, marking a sudden change in direction after the agency canceled a meeting over the weekend before, where these measures were expected to be announced.

A 404 Media investigation used AirTags to trace rare-book shipments to an Amazon facility in Las Vegas, where the books are cut, digitized, and then destroyed.
Independent technology publication 404 Media has just released an investigation showing that AI companies are purchasing printed books at a scale of many truckloads, including rare volumes, to train language models, and most of these books are destroyed during processing.

Mozilla launches “Smart Window” with built-in AI on Firefox, initially disabled by default. Users can choose to enable it themselves, and the assistant uses their own choice.
Mozilla is testing a new feature called “Smart Window” in the Firefox browser — a separate, fully optional window that lets users chat with an AI assistant of their own choosing while browsing the web. The company is currently inviting users to sign up for the waitlist at firefox.com/ai to become the earliest group to try it.