News linked to this event type.
The U.S. Commodity Futures Trading Commission (CFTC) is investigating a potential insider trading incident involving the prediction market platform Kalshi. A staff member allegedly responsible for operating President Trump's teleprompter is accused of placing bets on related prediction event contracts.According to reports, this individual may have used early access to information about Trump's public remarks to wager on the Kalshi platform regarding whether Trump's related statements would be released or contain specific phrasing. Currently, the CFTC is investigating whether the relevant trades involved the use of non-public information and whether they violated prediction market trading rules.This investigation has once again raised market concerns about the risk of insider trading in prediction markets. As trading volumes on platforms like Kalshi and Polymarket grow rapidly, prediction contracts involving political, economic, and public events are increasingly coming under regulatory scrutiny. (CNBC)
: X platform product lead Nikita Bier announced that the platform is upgrading the anti-cheat mechanism of its Creator Revenue Share Program, targeting engagement baiting and content plagiarism.Bier stated that if an account posts "engagement baiting" content multiple times—such as "reply to me and I'll follow everyone" or similar actions to solicit engagement—cumulatively three times or more, it will be removed from the creator revenue share program and referred to the policy team for further action, including the risk of account suspension. Currently, X has identified such behaviors through the Grok AI system, and nearly 4,000 accounts have been removed from the revenue program today.Additionally, X's updated content identification model can detect duplicate content three times more efficiently than before. The platform stated that merely adding watermarks, intros, or making simple modifications will not qualify for revenue. The related commercial display revenue will be returned to the original content poster. This mechanism also applies to copying popular text posts, such as high-engagement content like "Twitter is the smoking area of the internet."According to Nikita Bier, during this detection cycle, X found approximately 1.5 million instances of stolen content. For accounts that repeatedly or deliberately attempt to evade detection, the platform will revoke their creator revenue eligibility.X stated that through these governance measures, it is expected that over $1 million in revenue will be redistributed to original content creators, aiming to improve the quality of the platform's content ecosystem.
OpenAI Chairman Bret Taylor said in an interview with CNBC that the company currently has no update on its Initial Public Offering (IPO) plans. Taylor's interview centered on OpenAI's newly launched AI agent tools, and discussed topics including the outlook for enterprise AI spending, a lawsuit related to Apple, and development trends in the artificial intelligence industry.As OpenAI's valuation continues to climb and competition in the AI industry intensifies, the market has maintained a high level of attention on its listing timeline. However, Taylor's statement indicates that OpenAI has no new IPO arrangements to announce in the near term.
According to FinanceFeeds, Dubai crypto trading platform Quote Trade announced the completion of a $4 million financing round, which will be used to expand support for more blockchains and digital assets, strengthen liquidity partnerships, recruit engineering and trading teams, and continue building infrastructure for human traders and AI trading agents.
Odaily Odaily A new study by the Cambridge Centre for Alternative Finance reveals that approximately 31% of Ethereum node activity is located in the United States, with another 39% distributed across EU countries excluding the UK, indicating that the geographic distribution of Ethereum nodes remains relatively concentrated in Western nations.Lead researcher Alexander Neumuller stated that while node distribution is not currently concentrated in any single country, it is heavily reliant on a few major cloud service providers, including Hetzner, Amazon AWS, and OVH. Notably, the Ethereum network does not require half of its validators to fail for problems to arise. If more than one-third of validators go offline simultaneously, the network may be unable to finalize block checkpoints (finalization). Neumuller pointed out that nodes and validators do not have a one-to-one correspondence; a single node may run multiple validators. Therefore, it is currently impossible to precisely assess the actual impact on the validator network from the failure of a specific node or service provider.Furthermore, the study reassessed the energy consumption of Ethereum following The Merge. Data shows that Ethereum's current annual energy consumption is approximately 7.9 GWh, equivalent to a continuous power draw of about 1 MW. This represents only about 0.02% of pre-merge levels, a reduction of approximately 99.98%. Currently, over 56% of the energy used by the Ethereum network comes from sustainable sources, exceeding the global average.The study also noted that client software diversity is another potential risk. If a dominant client software has a vulnerability, it could affect a large number of network participants. The report was published by the Cambridge Centre for Alternative Finance and supported by the Ethereum Foundation. (The)
E*TRADE, the online investment platform under Morgan Stanley, has launched spot cryptocurrency trading functionality. Eligible clients can now directly buy, sell, and hold Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) through the E*TRADE platform.This crypto trading service is powered by digital asset infrastructure provider zerohash. Users can trade through a linked zerohash account and view both their digital asset and traditional investment portfolios within the E*TRADE platform.E*TRADE stated that the fee for spot crypto trading is priced at 50 basis points (50 bps), with asset transfer functionality expected to be launched later this year.This launch marks a further step in Morgan Stanley's digital asset strategy. Previously, E*TRADE has been continuously upgrading its investment service system, including launching retirement planning tools, fractional share trading, an upgraded IPO center, and feature optimizations for Power E*TRADE Pro aimed at active traders. (Businesswire)
Odaily U.S. Democratic Senator Elizabeth Warren released a report stating that the Trump administration's reform measures at the Consumer Financial Protection Bureau (CFPB) may have resulted in up to $26.5 billion in additional costs for American consumers.Warren stated that approximately $22.5 billion of this comes from the CFPB's repeal of policies limiting credit card late fees and bank overdraft fees, with the remaining roughly $4 billion stemming from the agency's abandonment of certain enforcement cases and consumer restitution agreements.The report notes that a previous CFPB rule limiting credit card late fees had planned to cap most late fees at $8, which was expected to save consumers about $10 billion annually. Furthermore, a new rule targeting overdraft fees had aimed to push banks to limit certain overdraft charges to $5.It is reported that Trump implemented sweeping changes at the CFPB, including staff cuts, pausing or reducing multiple enforcement actions, and rescinding some consumer protection rules enacted during the Biden era. Warren criticized that these reforms have weakened the CFPB's role as a consumer financial regulator, exposing consumers to more unfair fees and financial risks. Currently, the CFPB and the White House have not immediately responded to the allegations in Warren's report. (CNBC)
venture capital firm Andreessen Horowitz (a16z) has announced an investment in Runta, a startup specializing in AI agent security. The company aims to help enterprises manage and constrain AI agents much like "raising a child." The specific amount of the investment has not been disclosed yet.Runta founder Guanlan Dai previously worked on the technical team at Cloudflare and served as a founding engineer at API connectivity startup Kong. He stated that AI agents share similarities with growing children: they possess the ability to autonomously execute tasks, but equally require boundaries, supervision, and permission management.Dai believes that just as parents childproof their homes and restrict access to credit cards for their children, enterprises also need to limit the important files AI agents can access, the scope of operations they are permitted to execute, and the amount of funds they can spend in a single instance.Runta is developing an "AI agent guardianship" infrastructure to help businesses manage the permissions, security risks, and behavioral boundaries of AI agents, thereby preventing autonomous AI systems from causing data leaks, erroneous operations, or financial losses while performing tasks.As enterprises increasingly deploy AI agents with autonomous decision-making capabilities, the need to establish a trustworthy and secure agent management system is becoming a new infrastructure requirement.Runta aims to become the "parental control layer" for the AI agent era, providing enterprises with capabilities such as agent identity management, permission control, risk limitation, and operational oversight.Industry insiders believe that as AI agents evolve from simple assistants into autonomous entities capable of operating enterprise systems, handling transactions, and executing complex tasks, the infrastructure market surrounding agent security, governance, and compliance is poised for rapid growth. (The Information)
global payment giant Visa is accelerating its stablecoin infrastructure efforts by launching the Visa Stablecoin Platform, which helps banks and fintech companies integrate stablecoin payment capabilities into their existing payment and treasury management systems. It is reported that the platform aims to provide stablecoin service support to approximately 15,000 financial institutions and over 200 million merchants within Visa's network, enabling enterprises to use USD stablecoins for settlement, capital flow, and financial management within the traditional payment network.Visa currently processes approximately $15 trillion in payment transactions annually and has already processed tens of billions of dollars in stablecoin settlement volume. The company hopes to further expand the application scope of stablecoins through this new platform. Initially, the Visa Stablecoin Platform will support the new stablecoin OUSD, launched by the Open Standard alliance, while continuing to be compatible with stablecoins already supported by Visa, including USDC issued by Circle and USDG issued by Paxos. Visa believes that stablecoins are becoming an important part of the future financial infrastructure, with advantages including:Instant Settlement: Transactions no longer rely on traditional banking clearing cycles;Low-Cost Transfers: Reducing payment costs based on blockchain networks;Transparency and Traceability: On-chain transaction records provide higher verifiability.Visa has been consistently building its footprint in the stablecoin space. In 2020, Visa became the first global payment network to support USDC settlement; in 2025, the company launched a stablecoin settlement plan to further promote the entry of stablecoins into the mainstream payment system.Meanwhile, Visa's competitors are also accelerating their entry into the stablecoin market. Mastercard recently launched a stablecoin settlement solution and partnered with companies such as MoonPay and Paxos; American Express has also participated in the ecosystem development related to Open Standard.As traditional payment giants increasingly adopt stablecoins, they are transitioning from a payment tool within the crypto industry into a vital component of the global financial infrastructure. (Fortune)
Coinbase officially announced that the regulated derivatives clearing business of UK financial services group Marex has now formally supported the use of USDC as Initial Margin collateral. This marks the first entry of a stablecoin into the actual operational processes of traditional clearing infrastructure. The first transaction was completed by Prime Trading, LLC, with Coinbase providing the underlying infrastructure support, including custody services, 1:1 instant conversion between fiat currency and USDC, and a customized daily reporting system that meets clearing industry standards.The implementation of this business was made possible by a "No-Action Letter" issued by the U.S. Commodity Futures Trading Commission (CFTC) in December 2025. This policy opens the door for Futures Commission Merchants (FCMs) to accept stablecoins, Bitcoin, and Ethereum as client margin collateral.Coinbase stated that USDC, as a collateral asset, can provide round-the-clock liquidity, helping institutions break free from the limitations of traditional banking hours, allowing margin funds to be transferred in line with market operating hours. In this partnership, the core capabilities provided by Coinbase include:24/7 instant conversion between fiat currency and USDC: Institutional clients can convert between USD and USDC at any time, improving the efficiency of margin allocation;Customized reporting system: Meets the requirements of traditional clearing systems for asset recording, reconciliation, and regulatory reporting;NYDFS-compliant custody: Provides institutional-grade security for USDC collateral assets.
Odaily Odaily News Recently, @leto_bao, who became an internet sensation with the persona of achieving "financial freedom through stock trading at ByteDance with 30 million RMB," responded to rumors on the X platform. He claimed, "I have returned to my hometown. I work as a security guard in an office building during the day, deliver food at night, set up a barbecue stall in the early morning, and sell breakfast at the school gate in the morning. I only sleep 3 hours a day, shuttling between McDonald's and hospital outpatient clinics. I dare not go home because debt collectors block my door every day. For meals, I open free treasure chests; for showers, I use the company bathroom. I have already reached a repayment plan with the bank, expecting to clear the debt in 50 years. Please stop making fun of my suffering."The community speculated that it might be for entertainment effect, a playful response using memes. However, some people questioned in the comments that he still hasn't provided solid proof of his investments, suggesting it's merely hype. Others even claimed to have found records of his previous failed attempts to build an online presence.Subsequently, he stated bluntly: "I will no longer post in Chinese. The Chinese circle on X is very toxic—filled with anger, bot accounts, and no real discussion. Everyone is chasing creator rewards rather than genuine communication. My posts haven't received any feedback worth responding to. I feel I can get more from the English community here." However, the viewership of his subsequent tweets plummeted from hundreds of thousands to only around 40,000 to 70,000.
Coinbase stated on X platform that Marex is leveraging Coinbase infrastructure to enable clients to use USDC as initial margin for US regulated futures and options, providing its traders with a new level of capital efficiency.
stablecoin project Native Markets has announced that the final deadline for users to exchange USDH via the official website is today. The exchange portal will be officially deactivated on July 17 at 21:00 Beijing time (July 17, 13:00 UTC).Native Markets stated that the Bridge will continue to offer 1:1 redemption and exchange services for USDH, but users will need to complete an independent account registration and onboarding process on the Bridge platform.The official reminder advises that users who still need to complete conversion operations through USDH.com should do so before the portal closes. After the portal is deactivated, USDH exchange services will be migrated to the official Bridge channel.This adjustment is part of the migration of USDH ecosystem infrastructure. Native Markets recommends that users complete Bridge onboarding in advance to ensure that subsequent stablecoin exchange and redemption services remain unaffected.
MoonPay announced the acquisition of Y Combinator-backed crypto deposit startup Glide via an all-stock transaction, with the specific deal size undisclosed. Founded in 2023, Glide primarily provides crypto asset deposit solutions across tokens, wallets, exchanges, and bank cards, supporting over 100 tokens and 30 blockchain networks, with an annualized trading volume exceeding $100 million.
Last year, U.S. President Donald Trump posted "very big and exciting news" on his Truth Social platform. This came just after computer chip manufacturing giant Nvidia (NVDA.O) announced plans to build AI supercomputers in the United States. In a post on April 15, 2025, Trump promised his over 9 million followers that "all necessary permits will be expedited and promptly delivered to Nvidia and similar companies."However, what Trump did not disclose at the time was that, just days earlier, he had purchased between $200,000 and $500,000 worth of the company's stock. An investigation by CNN found that Trump had promoted over 20 companies on his Truth Social account days after buying their stocks—sometimes announcing government actions that could benefit the very companies he had just invested in. The White House strongly denied that Trump had ever used his position for personal gain, stating that all his actions were intended to benefit the American public. White House officials said all of the president's stock trades were handled by external financial managers, and that Trump and his family had no control over specific transactions. (CNN)
AI infrastructure startup Fireworks AI has announced the completion of a $1.5 billion financing round, valuing the company at $17.5 billion. The company, previously backed by NVIDIA, primarily provides developers with cloud-based services for running open-source AI models, helping enterprises deploy AI applications at lower costs. This funding round was led by Atreides Management, Index Ventures, and TCV, with participation from NVIDIA, Evantic, and Lightspeed Venture Partners, among others. Currently, Fireworks processes approximately 40 trillion AI tokens daily. Its clients include companies such as Elastic, GitLab, and MongoDB. Previously, over half of its revenue came from the AI coding tool Cursor, but its client base has since become more diversified. (CNBC)
Bitcoin News announced on X platform that Fold digital gift cards are now available on TikTok Shop, allowing users to purchase Bitcoin with face values ranging from $25 to $500. These gift cards can be bought using almost all major payment methods, providing an additional mainstream on-ramp for Bitcoin buyers.
hardware wallet company Ledger has launched the open-source toolkit Ledger Agent Stack, enabling AI agents to interact with crypto wallets by reading balances, preparing transactions, and suggesting actions, with all transactions requiring user approval on a Ledger hardware device. Ledger stated that this release is the first step in its AI roadmap, aiming to introduce hardware-based security mechanisms into AI-driven crypto applications and prevent autonomous agents from transferring funds or accessing sensitive credentials without human approval.
: Fintech platform MoonPay has acquired crypto infrastructure startup Glide and will integrate its deposit and routing technology. Financial terms of the transaction were not disclosed. Glide was founded in 2023 by Tushar Soni and Qinyu Tong, both of whom were part of the Robinhood Wallet team. Glide supports over 100 tokens across 30 blockchain networks, helping applications receive deposits from various tokens, wallets, exchanges, and payment sources. Upon completion of the acquisition, Glide's technology will be integrated into MoonPay Deposits, a product already used by applications such as Wallet in Telegram, Moonshot, and Paysafe. MoonPay stated that this transaction is part of its efforts to expand its digital asset infrastructure capabilities. This is the sixth acquisition announced by MoonPay in 2026, following previous acquisitions of Sodot, Decent, DFlow, Entendre, and Dawn Labs. Its investors include Thrive Capital, Paradigm, Valhalla Ventures, Tiger Global Management, and Coatue.
Trump Media & Technology Group interim CEO Kevin McGurn stated that the company will launch a set of backend interfaces allowing financial services firms to pay for access to Truth Social’s real-time data. McGurn indicated that this marks the company's first expansion of its media business into the data licensing field. The newly launched Truth API will provide clients with real-time access to content published by the platform's top ten most popular accounts.McGurn added that clients willing to pay a higher fee in the future can obtain data access rights to more accounts. These accounts include key decision-makers who influence policy-making and geopolitical trends, such as U.S. President Donald Trump, the White House, FBI Director Kash Patel, White House Deputy Chief of Staff Dan Scavino, and Secretary of Health and Human Services Robert F. Kennedy Jr. (Axios)