CFTC to Join SEC in Exploring Crypto Regulations without CLARITY Bill

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Bitcoin Slips From Weekly Close Target In Drop To $62,500

Bitcoin (BTC) declined into Friday’s Wall Street open as traders increasingly saw a BTC price breakdown next. Key points: Bitcoin stays below $63,000, heading steadily closer to new August lows while US stocks build on record highs. Analysis says that $63,220 must be reclaimed by the weekly close to avoid a deeper rout. Markets look…

Trump family ‘s World Liberty Financial (WLFI) delay plans to sell Maldives resort token

World Liberty Financial, the cryptocurrency project backed by the Trump family, delayed plans to sell a token related to a resort in the Maldives, Bloomberg reported on Friday. The token was planned to go on sale next year, giving investors a share of revenue from loans financing the Trump-branded resort, but this has been pushed…

SEC Cancels Key Crypto Regulatory Meeting

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Crypto Companies Urge AI Firms to Give Bitcoin Devs Early Access

A group of cryptocurrency companies has urged frontier artificial intelligence (AI) labs to give Bitcoin developers early access to their most capable models. The letter, published by the Bitcoin Policy Institute (BPI) on Monday, said many digital asset defenders, including Bitcoin Core developers, lack access to lab cyber programs and can be blocked by guardrails…

NUSD Redemptions Paused as Neutrl Reviews Reserves

Decentralized finance (DeFi) protocol Neutrl has suspended minting and redemptions for its NUSD synthetic dollar after unspecified circumstances affected protocol reserves, leaving the cause and scale of any potential impairment unclear.  On Thursday, Neutrl said it had also paused other protocol functions on legal advice while it assesses the impact. The protocol did not identify…

Delio CEO Sentenced to 15 Years in Prison on Crypto Fraud in South Korea

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Bitcoin Circles $64K As Fed Official Hints At Need For Rate Hike Despite Cool PPI

Bitcoin (BTC) edged away from weekly lows on Thursday after the US Producer Price Index (PPI) narrowly cooled in July. Key points: Bitcoin avoids further downside as US PPI data provides a boost to US equities. Cleveland Fed president stays hawkish on the outlook for interest-rate policy.  Bitcoin long liquidations make $61,000 a key level…

Figure Loan Marketplace Volume Reaches $4.3B in Q2

Figure Technology Solutions reported $4.3 billion in consumer loan marketplace volume for the second quarter, up 132% from a year earlier, as its quarterly profit nearly tripled.  On Thursday, Figure said net income rose 192% year over year to $87 million, from about $30 million. Net revenue more than doubled to $226 million, while its…

SEC to again delay ‘innovation exemption’ for tokenization amid Wall Street, White House concerns

The source also said SEC staff have become increasingly focused on the agency’s legal authority to issue such broad relief, including whether it has completed sufficient economic analysis and followed the procedural steps required to justify an exemption. Industry insiders have been instructed that this effort may need to wait for the outcome of the…