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In brief CME Group Chairman Terry Duffy and Kalshi co-founder Luana Lopes Lara clashed during a CFTC roundtable in Washington, D.C. Duffy singled out Kalshi while questioning whether prediction markets face the same regulatory scrutiny as established exchanges. The clash comes amid a fight between federal and state regulators over prediction markets. A CFTC roundtable on prediction markets turned heated Thursday when CME Group Chairman Terry Duffy and Kalshi co-founder Luana Lopes Lara traded insults over market manipulation and regulation.The confrontation unfolded during a Commodity Futures Trading Commission meeting in Washington, D.C., as executives from traditional finance, crypto, and prediction…

Macroeconomist and author Lyn Alden has said that while sentiment for Bitcoin has been low in recent months, there are “not a lot of downside catalysts” for the asset left.  Speaking in a Thursday interview with CNBC, Alden said that the “fast money” has been washed out and market observers are not expecting Bitcoin treasury Strategy to sell anymore.  Alden’s comments come after Bitcoin shot up this week. The leading cryptocurrency was recently trading for $72,660 — a more than 6% 24-hour rise — after reaching $72,890 earlier on Thursday.  “By almost every metric, Bitcoin is near the low end…

Global crypto exchange BYDFi is participating as a Gold Sponsor at Coinfest Asia 2026, taking place August 20-21 at Melasti Beach in Bali. Positioned as “The World’s Crypto Festival Built for Institutions, Builders & Traders,” the event brings together participants across digital assets, finance, technology, and trading. Attendees can meet the BYDFi team at Booth A1 throughout the two-day event. Coinfest Asia 2026 Returns for Its Fifth Edition Coinfest Asia 2026 marks the fifth annual edition of the event, spanning five beach clubs at Melasti Beach as one integrated venue. With more than 150 CEOs and industry leaders expected across…

New Jersey police have arrested a suspected courier tied to a tech-support scam that drained $50,000 from an elderly resident. Berkeley Township Police said the scam began when the victim received a computer pop-up claiming to be from Microsoft and instructing her to call a phone number, reports Lakewood Alerts. The call connected her with scammers posing as Microsoft and Wells Fargo representatives. They allegedly told the woman that her bank accounts had been compromised and convinced her that she needed to move her money to keep it safe. Believing the callers were legitimate, the victim mailed a $50,000 cashier’s…

In brief The Base accelerator plans to select 10 startups for its eight-week Batches 004 accelerator. Each selected team will receive a $100,000 investment from the Base Ecosystem Fund. The program is targeting startups building AI agents, trading, payments, and financing products. The team behind Base, Coinbase’s Ethereum layer-2 network, is narrowing its $1 million startup accelerator to 10 teams for its latest cohort, with each selected company receiving a $100,000 investment upfront, Coinbase announced on Wednesday.Applications for Base Batches 004 are open through September 9, Coinbase said. The eight-week virtual program will conclude with a Demo Day in New…

A Florida woman has been convicted on multiple felony counts after systematically draining nearly $350,000 from an elderly widow’s accounts. Leesburg resident and 58-year-old Kimberly Ruth Bitting orchestrated a scheme that involved obtaining power of attorney over the grieving neighbor shortly after her husband died in August 2021, reports ClickOrlando. Over roughly 18 months, Bitting issued checks from the victim’s accounts, withdrew cash at ATMs, and moved money from investment holdings. More than $137,000 went toward buying two parcels of land in Calhoun County that were placed in a trust under Bitting’s name. Additional funds flowed to the defendant’s daughter…

In brief Moderna (MRNA) jumped ~131% Wednesday after the Phase 3 INTerpath-001 trial of intismeran autogene plus Keytruda hit its RFS and DMFS endpoints in resected melanoma. Intismeran autogene is a personalized mRNA neoantigen therapy built from each patient’s tumor mutations, paired with Merck’s Keytruda immunotherapy. Traders shorting Moderna faced ~$4.8B in mark-to-market losses as the stock doubled; short interest sat at 13.5% of free float. Moderna’s personalized mRNA cancer shot cleared its first Phase 3 readout, and the market reacted like it had won more than a trial.Shares of Moderna, which trades as MRNA, surged about 131% on Wednesday,…

In brief Kalshi filed with the CFTC to launch a perpetual futures contract tied to copper prices. The proposed contract would use Pyth Network price data and have no expiration date. Kalshi has also filed for stock-index perpetuals after winning approval for a Bitcoin perpetual in May. Prediction market operator Kalshi filed with the Commodity Futures Trading Commission to launch perpetual futures tied to copper prices.Filed August 18, the proposed COPPERPERP contract would track the spot price of copper in U.S. dollars per pound using a price feed from Pyth Network, a blockchain-based market data provider that aggregates pricing from…

Securitize closed its first quarter as a public company with average tokenized assets under management hitting a record $4.3 billion, up 16% year over year, while transaction volume on the platform jumped 147% to $5.3 billion.Total revenue fell 5% to $14.4 million, tokenization revenue dropped about 12% to $7.8 million, and adjusted EBITDA swung to a $5.5 million loss.The company put more assets on-chain and processed far more activity than a year earlier, and earned less money doing it.MetricQ2 resultYoY changeWhat it showsAverage tokenized AUM$4.3B+16%Assets on-chain are still scalingTransaction volume$5.3B+147%Platform activity accelerated sharplyTotal revenue$14.4M-5%Activity did not translate into higher revenueTokenization…

In brief President Donald Trump said artificial intelligence could be “bigger than the internet, bigger than anything anyone’s seen.” Trump said AI regulation should not stifle the industry as the U.S. competes with China. The president defended AI data centers amid growing opposition to their electricity use and impact on local communities. President Donald Trump said Wednesday that artificial intelligence could become “bigger than the internet,” as he called for regulation that does not slow the industry and defended the rapid buildout of data centers and power plants across the United States.Trump’s remarks come as his administration pushes to maintain…

In brief Bitcoin jumped as much as 8.7% Wednesday to an intraday high of $69,749, its steepest one-day move since March 4 and its highest price since June 1. On Myriad, prediction odds flipped from roughly 70-30 favoring a bearish decline to a near coin flip within 24 hours. The rally followed a U.S. Treasury plan to double its long-bond buybacks and more than $1 billion in short liquidations wiped out in a single hour. Bitcoin ripped through $69,000 Wednesday, climbing as much as 8.7% to an intraday high of $69,749. That’s the steepest one-day move since March 4 and…

In brief President Donald Trump called on Congress to pass a “fair version” of the Clarity Act during a White House meeting with crypto and finance executives Wednesday. Trump said his administration wants clearer rules that allow crypto companies to operate in the U.S. rather than move overseas. Executives from Coinbase, Ripple, Robinhood, Kraken and other crypto and financial firms attended the gathering. President Donald Trump called on Congress to pass a “fair version” of the Clarity Act Wednesday, telling crypto and finance executives at the White House that market structure legislation is the next step in his administration’s digital…

Traders betting against Bitcoin and the crypto markets are getting liquidated as BTC’s price pushes higher. In the last 24 hours, a total of $1.93 billion in leveraged crypto bets have been liquidated, according to the market data tracker CoinGlass. The vast majority of the liquidations hit traders going short, coming in at $1.75 billion. Long positions accounted for just $179.28 million. Bitcoin led the wipeouts with roughly $1.15 billion liquidated, nearly all from short positions. Ethereum followed at about $516 million, also dominated by shorts. Over 127,000 traders were forced out in total. Bitcoin is now trading at approximately…

Daily liquidations of Bitcoin positions surged on Wednesday after the price of the leading digital asset flirted with $70,000.  Over $1.7 billion in positions held by traders shorting the biggest cryptocurrency have been closed in the past 24 hours, according to Coinglass data.  And the vast majority — $1.5 billion — of those positions were liquidated in the past four hours.  Bitcoin on Wednesday morning traded briefly as high as $69,000 before dipping again. It was recently priced at $68,253 after jumping more than 5% over a 24-hour period.  The price surge comes after bitcoin had largely been flat over…