News linked to both this project and an event.
the crypto market hopes to shake off months of geopolitical pressure this week. Following a temporary peace agreement between the US and Iran, Bitcoin rose to near $66,000 on Monday, up about 3.5% from Friday. Crypto-related stocks such as Strategy (MSTR) and Galaxy Digital (GLXY) also advanced in pre-market trading.However, the market remains cautious, as past ceasefire agreements have often collapsed. The April truce failed to hold, and last month's US military action broke another round of peace talks, which also dragged down crypto asset prices at the time.This week, the spotlight will shift to the Federal Reserve's interest rate decision. On Wednesday, Fed Chair Kevin Warsh will preside over the first rate-setting meeting, with the market widely expecting the Fed to hold rates steady in the 3.50%-3.75% range.Analysts point out that the release of the new “dot plot” (showing Fed officials' interest rate expectations) and the shortened trading day due to the Juneteenth holiday on Friday could reduce market liquidity. This week's economic data and Fed policy guidance will determine whether the crypto market can sustain a rebound on the back of easing geopolitical risks. (CoinDesk)
the U.S. Securities and Exchange Commission is about to launch an "innovation exemption" policy targeting tokenization, but the policy is not expected to be at the highest level of the agency's policy durability tier. A former SEC lawyer stated that the agency's power to exempt related activities from securities laws will still be difficult to reverse. However, SEC leadership noted that this initial policy will be narrow in scope and time-limited. (CoinDesk)
Odaily Odaily, former CFTC and SEC Chairman Gary Gensler has filed an amicus brief with the Court of Appeals, arguing that federal law does not grant his former agency, the CFTC, the authority to regulate sports-related prediction markets. Several other entities have also submitted similar amicus briefs, stating that sports-related prediction markets violate state and tribal regulatory provisions. Courts across the United States are currently hearing cases on whether sports-related prediction markets should be regulated at the state or federal level, with related rulings impacting tax collection and other regulatory matters. (CoinDesk)
According to CoinDesk, Digital Asset, the blockchain developer behind Canton Network, has announced a $355 million funding round led by a16z crypto, with participation from global institutions including ABN Amro, Apollo Funds, BNP Paribas, Citadel Securities, HSBC, SBI Group, and a subsidiary of the Abu Dhabi Investment Authority. The round exceeded its original target of $300 million, valuing the company at $2 billion. Canton Network is designed specifically for large financial institutions and enables the issuance and trading of tokenized real-world assets—such as bonds, loans, and funds—on a shared ledger, while maintaining privacy and meeting regulatory compliance requirements. In addition to financial support, a16z crypto will provide specialized assistance in development, policy, and research.
the Japanese House of Representatives has passed a bill to regulate cryptocurrencies under the Financial Instruments and Exchange Act, bringing them closer to the regulatory framework applied to stocks and other investment products. The new rules, expected to take effect next year, will classify crypto assets as financial instruments, involving reduced tax burdens, stricter trading rules, and paving the way for the launch of crypto asset ETFs. The bill also introduces insider trading bans similar to those in stock markets, stricter disclosure requirements, investment caps for unaudited token issuances, and significantly increased penalties for unregistered crypto business operators. (CoinDesk)
During a hearing on Tuesday, the U.S. House Ways and Means Committee reviewed a series of crypto tax proposals and raised questions about the details of several drafts. These bills aim to reduce the tax filing burden for crypto users and investors, including exempting small transactions with micro-gains from tax reporting and eliminating double taxation on mining and staking rewards upon receipt and sale.However, Democrats on the committee expressed concerns about provisions that would allow miners and stakers to defer taxation on new token income until the time of disposal, arguing that these could be exploited by corporate structures to permanently evade taxes. It remains unclear whether these significant crypto tax legislations can pass before the end of the current Congress in late 2026. (CoinDesk)
According to CoinDesk, White House officials met with law enforcement agencies on June 9 regarding the CLARITY Act, focusing discussions on two key issues: mitigating risks associated with illicit financial activities and safeguarding developers’ rights. These negotiations took place just before the Senate’s formal vote.
According to CoinDesk, Vietnam’s securities regulator stated that the country’s digital finance is entering a “critical phase.” Senior Vietnamese officials have outlined plans to launch a pilot market for cryptocurrency trading. Data shows Vietnam ranks 7th globally in terms of cryptocurrency user count and 5th in trading growth.
U.S. Senator Cynthia Lummis, along with several Senate Republicans, is urging financial regulators to repeal the Basel Committee's 1250% punitive risk weight on digital assets and establish a new capital framework that would allow banks to participate in the crypto asset market. (CoinDesk)
Digital trading platform Moomoo has announced a partnership with prediction market operator Kalshi to offer eligible users access to event contracts regulated by the U.S. Commodity Futures Trading Commission (CFTC). Users can trade contracts related to major events such as Federal Reserve interest rate decisions, inflation data, elections, and the 2026 FIFA World Cup directly through the Moomoo platform.Event contracts are exchange-traded derivatives that allow investors to bet on the outcome of specific events. Contract prices range from $0.01 to $1, reflecting the market's expectation of the probability of each event occurring. These products will be integrated into the platform alongside Moomoo's existing offerings of stocks, options, and ETFs. Additionally, Moomoo has recently launched cryptocurrency deposit and withdrawal functionality, as well as the moomoo API Skills service for AI-powered investment tools, continuing to expand its product ecosystem. (CoinDesk)
Mastercard is expanding its settlement network to support regulated stablecoins, planning to introduce stablecoin settlement, intraday settlement, as well as weekend and holiday settlement services to meet the demand for real-time fund movement.According to the introduction, the new settlement framework will operate in parallel with the existing fiat settlement system, providing financial institutions with more flexible liquidity management solutions. The first supported stablecoins include Circle-issued USDC, Paxos-issued PYUSD, USDG and USDP, Ripple-issued RLUSD, and SoFiUSD.The related services will cover blockchain networks such as Ethereum, Solana, Polygon, Base, Arbitrum, and XRPL. (CoinDesk)
digital asset management firm Grayscale stated in its latest report that the decentralized trading platform Hyperliquid is rapidly evolving from a crypto perpetual contract exchange into a blockchain-based financial infrastructure platform. In the future, it may even challenge the traditional derivatives trading and exchange systems, growing into a "financial services giant."The report shows that Hyperliquid generated approximately $800 million in revenue in 2025, with a full-year perpetual contract trading volume of about $2.9 trillion and open interest of roughly $7 billion, capturing a significant share of the crypto derivatives market. Grayscale believes the platform is no longer limited to crypto trading. Through the HIP-3 and HIP-4 systems, it is expanding into tokenized stocks, commodities, and prediction markets, gradually building a 24/7 on-chain trading infrastructure.In another report, FalconX also pointed out that Hyperliquid is competing with traditional derivatives exchanges like the CME Group, as well as prediction market platforms such as Kalshi and Polymarket, and is making progress in new markets like Pre-IPO.The report also emphasized that regulation remains a key variable. Although Hyperliquid currently restricts access for US users, as the regulatory framework gradually clarifies and institutions like Coinbase, Robinhood, and Kraken explore perpetual contract products, this sector may see broader growth potential in the future. (CoinDesk)
Odaily Odaily News Aaron Klein, a scholar at the Brookings Institution in the United States, has warned that as Congress deliberates on digital asset legislation, the Commodity Futures Trading Commission (CFTC) may face a lack of regulatory capacity when expanding its authority over digital assets. Klein noted that the CFTC was originally established to oversee commodity futures markets and was not designed for the scale of responsibilities proposed under current crypto regulations. A lack of additional personnel, funding, and specialized expertise could lead to a situation of "regulatory authority without substantive oversight." Recent staff departures and institutional adjustments at the CFTC have weakened its regulatory capacity, and expanding its duties could replicate the regulatory failures seen during past financial crises. If crypto regulatory responsibilities are fragmented across multiple agencies, it could result in delays and confusion, repeating the implementation shortcomings of the Dodd-Frank era.Aaron Klein criticized the allegation that financial regulation is influenced by politics, emphasizing that law enforcement should remain independent from the White House or political relationships. He called for increased accountability and prevention of financial misconduct, suggesting that the SEC and CFTC should enhance coordination, and possibly even merge, to improve the efficiency of digital asset and prediction market regulation. In the short term, sharing office space could improve collaboration and be more effective than formal agreements. (CoinDesk)
According to CoinDesk, the U.S. Commodity Futures Trading Commission (CFTC) approved, for the first time on May 29 local time, a regulated exchange to list and trade Bitcoin perpetual futures contracts (“Perps”), marking the first such case in U.S. regulatory history. CFTC Chair Mike Selig characterized this move as a “significant milestone,” stating that perpetual contracts serve as foundational risk-management and price-discovery tools in global crypto-asset markets, and that the CFTC will provide an actionable regulatory framework for such contracts while restricting excessive leverage and systemic risk. Previously, perpetual contract trading had long migrated to non-U.S. jurisdictions due to the absence of regulatory oversight. The CFTC has not yet disclosed the names of the first batch of approved exchanges, and this policy has not yet been elevated to the level of formal regulation—meaning it remains subject to potential reversal in the future.
According to CoinDesk, prediction market platform Kalshi has filed a federal lawsuit challenging a new Minnesota law set to take effect on August 1 that criminalizes operating, hosting, or promoting prediction market platforms. Kalshi argues the law is unconstitutional, asserting it infringes upon the Commodity Exchange Act’s grant of exclusive federal jurisdiction over derivatives markets to the CFTC and violates the First Amendment by restricting advertising. Earlier, on May 19, the CFTC filed a motion making the same constitutional challenge against the state law. U.S. President Trump has also publicly voiced support for the CFTC’s sole regulatory authority over prediction markets. Kalshi previously secured preliminary injunctions in similar enforcement actions brought by New Jersey and Arizona.
as AI trading agents enter financial markets, structural problems in retail trading are facing potential transformation. The current business models of exchanges and brokerages rely on customers trading frequently. Regardless of whether the customer profits or loses, the platform profits through commissions, spreads, and order flow. Research shows that 74% to 89% of retail traders ultimately lose money, and the Payment for Order Flow (PFOF) mechanism hidden behind zero-commission trades ensures that the platform's profits are unrelated to customer returns.Independent, programmable AI trading agents can change this structural contradiction: by linking the agent's returns to the customer's portfolio returns, they encourage disciplined trading rather than trading frequency. Agents can choose to reduce positions, avoid impulsive moves, and protect customer assets in highly volatile markets, achieving true alignment of interests.As the US eliminates minimum asset requirements for day trading and the EU prepares to implement a PFOF ban, traditional exchange models are facing regulatory pressure. Meanwhile, AI agents are restructuring trading infrastructure through innovative channels such as on-chain payments, gas-free transactions, and decentralized exchanges, providing retail investors with transparent, fair, and verifiable trading intermediaries. (CoinDesk)
: VanEck's tokenized U.S. Treasury fund, VBILL, has officially launched on the DeFi lending protocol Euler. The fund is issued and tokenized by Securitize. Investors can now use tokenized Treasury bonds as collateral for on-chain lending and liquidity operations, while meeting compliance restrictions.This move reflects that DeFi protocols are accelerating their transition towards institutionalization and compliance to attract traditional financial capital into the on-chain market. Data shows that the market size of tokenized U.S. Treasury bonds has surpassed $15 billion, growing approximately 150% over the past year. Traditional asset management giants such as BlackRock, Franklin Templeton, and Janus Henderson have all launched on-chain treasury or money market products.Euler has previously integrated Securitize's DS Protocol to support the inclusion of tokenized securities with investor qualification restrictions and transfer rules into its lending market. DeFi protocols like Aave are also expanding into institutional-grade RWA businesses.Institutions estimate that the market size for asset tokenization could reach $18.9 trillion by 2033. A Securitize executive stated that as traditional financial institutions enter the crypto space, DeFi protocols must find a balance between openness and compliance requirements. (CoinDesk)
Wall Street investment bank Jefferies stated that as institutional investors accelerate their shift towards blockchain-based financial infrastructure, the crypto and blockchain sectors could see a new wave of IPOs over the next two years, forming a public market worth $1 trillion within five years.Jefferies released a report indicating that the current industry focus is shifting from speculative crypto asset prices to the comprehensive integration of blockchain infrastructure by banks, exchanges, asset managers, and payment institutions. Companies like Payward (parent company of Kraken) and Securitize are advancing their IPO plans, and it is expected that more crypto-related companies will enter the public market in the future. Tokenization is seen as a key driver of this structural transformation, with money market funds, private credit, and on-chain settlement systems already entering practical implementation phases. Increasing regulatory clarity will further accelerate institutional adoption.Currently, the market is moving from short-term hype to long-term technological reassessment. Crypto IPOs could serve as a crucial gateway connecting traditional capital markets with the on-chain economy. (CoinDesk)
during a recent Senate Banking Committee hearing, substantial progress was achieved in advancing the Digital Asset Market Clarity Act (CLARITY Act). The bill passed with a 15-9 vote, moving to the full Senate for consideration.Several bipartisan lawmakers emphasized during the discussions that the United States urgently needs to establish a unified regulatory framework for digital assets, clarifying asset classification, trading platform oversight, and market structure rules to provide long-term certainty for the industry. Angela Alsobrooks pointed out from a family perspective that younger generations show a natural interest in digital assets, and the regulatory system should strike a balance between "opportunity and protection" to prevent technological development from escaping regulatory oversight. Tim Scott stressed the need to advance legislation from the standpoint of economic opportunity and the American Dream, while Cynthia Lummis noted that the legislative process has already demonstrated a clear foundation for bipartisan cooperation.Supporters argue that digital assets have become an irreversible trend, with approximately 68 million Americans currently holding related assets. However, a significant volume of transactions still occur on overseas platforms, underscoring the urgent need for the U.S. to establish a domestic regulatory framework to enhance market transparency and investor protection. Analysts point out that the CLARITY Act is seen as a crucial complement following stablecoin-related legislation (the GENIUS Act). Without supporting rules at the market structure level, the U.S. risks losing its dominant position in the competition for digital financial infrastructure.As the bill advances to the full Senate, observers are closely watching whether it can complete final legislation based on bipartisan consensus, thereby establishing the core rules of the U.S. digital asset regulatory framework. (CoinDesk)
the "Transparency Alliance," initiated by Blockworks, has been officially established, garnering support from over 40 crypto enterprises including Coinbase, Kraken, and Binance.US. The alliance aims to jointly develop unified token information disclosure standards to enhance market transparency and attract institutional capital. Based on Blockworks' Token Transparency Framework, the alliance seeks to establish a standardized information disclosure mechanism for crypto assets, similar to that of the stock market, enabling investors to gain a clearer understanding of token structures and risks.Reportedly, the framework covers details such as token issuance structure, internal holdings allocation, market maker arrangements, exchange listing terms, and repurchase mechanisms. It distinguishes between two types of document systems: "one-time pre-issuance disclosure" and "ongoing update disclosure." To date, 44 projects, including Morpho, Jupiter, Spark, and dYdX, have completed the relevant filings.Industry insiders point out that this initiative aims to establish a unified information infrastructure for the crypto market to meet institutional investors' demands for transparency and compliance. Blockworks stated that it has communicated with relevant personnel from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Analysts believe that this alliance signifies the crypto industry is accelerating its shift towards an "institutionalized information disclosure system." However, its ultimate impact will depend on whether the market translates these disclosure standards into widespread industry consensus. (CoinDesk)