Odaily’s morning roundup covered a broad set of crypto, regulatory, and macro developments. The most notable item was a report that the U.S. Securities and Exchange Commission is preparing two initiatives tied to tokenized securities trading and a customized issuance mechanism for crypto investment contracts. On the market side, four wallets were said to have opened short positions on BTC worth $340 million around the $64,000 level.
The briefing also said Grok Bot’s early test version has gone live, while the Commodity Futures Trading Commission asked Kalshi to continue operating its prediction market in New York. In corporate news, CRWV posted 101% year-over-year EBITDA growth in the second quarter, with its shares rising nearly 15% after hours. Beyond crypto, South Korea is planning to inject more than $700 million next year into a sovereign wealth fund focused on strategic sectors including AI. The note also said Strategy will resume increasing its Bitcoin holdings within the year and is already the world’s largest institutional holder, while leveraged ETF assets fell to $154 billion last month and Citadel Securities said systematic capital may add leverage again. CICC, for its part, recommended staying overweight gold.
Odaily’s morning briefing listed a fresh set of developments across crypto markets, regulation, and broader capital markets.
SEC said to be preparing two crypto-related measures
The update said the U.S. Securities and Exchange Commission is planning two initiatives. One involves trading in tokenized securities, and the other would create a customized issuance mechanism for crypto investment contracts.
Market and product updates
According to the briefing, four wallets opened BTC short positions worth $340 million around the $64,000 level. It also said an early test version of Grok Bot has gone live.
Regulatory and corporate developments
The Commodity Futures Trading Commission asked Kalshi to continue operating its prediction market in New York. Separately, CRWV reported second-quarter EBITDA growth of 101% year over year, and its shares rose nearly 15% in after-hours trading.
Macro and institutional signals
South Korea is planning to inject more than $700 million next year into a sovereign wealth fund for strategic industries including AI. The briefing also said Strategy will resume adding to its Bitcoin holdings within the year and has already become the world’s largest institutional holder. Leveraged ETF assets fell to $154 billion last month, while Citadel Securities said systematic capital may increase leverage again. CICC recommended remaining overweight gold.
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