USA

Policy and Re
2026-08-12 02:01:39

SEC Set to Review Crypto Fundraising Exemption as Judge Limits CFTC Reach in Kalshi Sports Contracts

The U.S. Securities and Exchange Commission is set to hold a public meeting on Aug. 14 to consider a proposed "Regulation Crypto" framework that would let some crypto projects raise capital without completing a full securities registration process. If advanced for public comment, it would become the SEC’s first formal, durable rulemaking effort aimed specifically at the crypto sector. The proposal would also outline a route for projects to exit SEC oversight once developers stop actively managing the network and the project becomes decentralized. SEC Chair Paul Atkins has previously said the exemption period could last as long as four years, though no fundraising cap was disclosed. On the litigation front, a federal judge in Connecticut ruled that Kalshi’s sports-event contracts are not swaps under the Commodity Exchange Act, meaning the Commodity Futures Trading Commission did not obtain exclusive jurisdiction on that basis. The decision lands as Kalshi remains under pressure in New York, where the CFTC said it used “emergency powers” to require the prediction-market operator to continue operating after the company sought assistance following a lawsuit from New York Attorney General Letitia James. Elsewhere, the market snapshot showed broad declines among major tokens over the past 24 hours, while project, funding, security and AI headlines spanned Bitwise layoffs, a reported COLDCARD Mk3 wallet flaw, Hyperliquid and Robinhood Chain user metrics, and a string of new financings across crypto, AI and financial infrastructure.

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SEC Set to Review Crypto Fundraising Exemption as Judge Limits CFTC Reach in Kalshi Sports Contracts
Anthropic
2026-08-10 08:01:09

Old 2000 US Physics Olympiad roster resurfaces with Anthropic CEO Dario Amodei among the 24

A roster from the 2000 U.S. Physics Olympiad training camp has resurfaced online, drawing attention because it includes Dario Amodei, now the chief executive of Anthropic. The archived list, preserved by the American Association of Physics Teachers, names 24 students selected for the camp held at the University of Maryland in May 2000. Only five advanced to represent the United States at the 31st International Physics Olympiad in Leicester, where the team finished seventh and all five members won medals. The renewed attention has widened beyond Amodei. The same list also includes Vladimir Novakovski, now founder of Lighter; Badr Albanna, an AI research engineer at Duolingo; and Nilah Monnier Ioannidis, now teaching computational biology at the University of California, Berkeley. The article traces how several of those students later moved into artificial intelligence, quantitative finance, computational biology, computer science and law. For Amodei, the route ran from a physics PhD at Princeton to Baidu’s Silicon Valley AI lab, Google Brain, OpenAI and then Anthropic, which he co-founded in 2021. Others on the roster followed equally distinct paths, and the report argues that the Olympiad network itself became a long-lived talent pipeline whose ties later reappeared in startup formation and venture investment.

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Old 2000 US Physics Olympiad roster resurfaces with Anthropic CEO Dario Amodei among the 24
Policy and Re
2026-08-07 02:20:00

Dow Protocol denies OKX Ventures backing as U.S. Senate delays Clarity Act vote to September

A busy news cycle from Aug. 6 to Aug. 7 brought a mix of crypto regulation, market structure, corporate disclosures, and AI-linked developments. Dow Protocol said claims that OKX Ventures had invested in the project were false and said a list of investors would be released this week without OKX Ventures on it. The U.S. Senate, meanwhile, decided to delay a vote on the Clarity Act until September, extending uncertainty around a major federal crypto bill. Outside Washington, Thailand confirmed a five-year capital gains tax exemption on crypto trades executed through Thai SEC-licensed venues from Jan. 1, 2025 through Dec. 31, 2029. MetaMask introduced a self-custodial AI wallet that lets agents execute on-chain transactions within user-defined limits, and Wintermute registered a broker-dealer subsidiary with the U.S. Securities and Exchange Commission and FINRA. The update set also included Binance Alpha’s AGT and AIA blind box airdrop, Cipher Digital’s sale of 1,619 BTC at a realized loss, a Chainalysis report on more than $30 million in violent robbery losses targeting crypto holders in the first half of 2026, Bernstein’s renewed $140 target on Circle, and several funding, hardware, and security stories tied to the broader AI sector.

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Dow Protocol denies OKX Ventures backing as U.S. Senate delays Clarity Act vote to September
Binance
2026-08-05 09:11:43

Binance Adds 10 bStocks Tokens as Eligible Collateral for Margin Trading

Binance said in an official announcement on Aug 5 that Cross Margin, the Unified Account mode and Unified Account Pro will accept 10 bStocks tokens as eligible collateral starting at 20:00 UTC+8 on Aug 5, 2026. The newly supported tokens are BitMine Immersion Technologies (BMNRB), Super Micro Computer (SMCIB), IREN Limited (IRENB), ASML (ASMLB), Netflix (NFLXB), AST SpaceMobile (ASTSB), Coherent (COHRB), Credo Technology (CRDOB), USA Rare Earth (USARB) and Astera Labs (ALABB). Corresponding bStocks trading pairs will also have leveraged trading enabled. Eligible users will be able to put these bStocks tokens to use as margin collateral. That widens the mix of collateral options available for margin trading on the platform. The change covers the cross margin account, the unified account mode and the unified account pro version, and all ten tokens are scheduled to become eligible at the same time: 20:00 UTC+8 on Aug 5, 2026. BlockBeats reported the update, citing Binance's official announcement.

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Binance Adds 10 bStocks Tokens as Eligible Collateral for Margin Trading
Binance
2026-08-05 09:02:04

Binance Adds 10 bStocks Tokens as Eligible Margin Collateral

Binance will add 10 bStocks tokens as eligible collateral assets on August 5, 2026, at 20:00, including BitMine, Super Micro Computer, IREN, ASML, Netflix, AST SpaceMobile, Coherent, Credo Technology, USA Rare Earth, and Astera Labs. Eligible users can use these tokens as margin collateral for cross margin, unified account mode, and unified account professional mode trading.

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Binance Adds 10 bStocks Tokens as Eligible Margin Collateral
Michael Burry
2026-08-04 06:50:04

Michael Burry warns of a potential U.S. stock flash crash as quant fund selling gains focus

Michael Burry published a fresh warning on Substack on Aug. 4 after disclosing his latest positions the same day, arguing that U.S. equities are near the edge of a rapid sell-off. His central point was that the risk is not being driven by worsening fundamentals, but by a chain reaction inside Wall Street’s volatility-sensitive quant funds. According to the report, these strategies automatically cut exposure when volatility rises, creating a feedback loop in which falling prices trigger more selling and more selling pushes prices lower. Burry highlighted active quant funds in particular, saying their algorithms continuously scan market signals and reduce positions once volatility spikes. The article pointed to weakness in momentum stocks as evidence, noting that the iShares MSCI USA Momentum Factor ETF fell 14% from a recent high. It also listed declines in SK Hynix, Nvidia and Broadcom, while stating that Burry added to a short position in Micron at $880. Goldman Sachs, cited in the same report, said CTA deleveraging is not over and estimated another $24.9 billion of selling in a downturn, with August corporate buybacks left as the main support for equities.

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Michael Burry warns of a potential U.S. stock flash crash as quant fund selling gains focus
Bitcoin minin
2026-08-03 23:45:39

July mining update: Poolin files for Chapter 11 as Bitcoin miners lean harder into AI data centers

Bitcoin mining remained under heavy pressure through July, with network hashrate and difficulty still below prior peaks and miner revenue metrics hovering near multi-year lows. Data cited by Bitcoin Magazine Pro, Bitcoin News, VanEck, CryptoQuant and others pointed to a prolonged capitulation phase, falling unit hashprice, shrinking miner-held balances, and weak fee contribution relative to block subsidies. At the same time, a growing list of public mining companies expanded their push into AI and high-performance computing, with Bitdeer, CleanSpark, MARA, Core Scientific, Galaxy Digital, Keel Infrastructure and LM Funding all disclosing data-center, power-capacity, or HPC-related developments. On the legal and financing front, Poolin and two U.S. affiliates sought Chapter 11 protection in New Jersey, while BitRiver founder Igor Runets was moved into pre-trial detention in Moscow. Regulatory and policy developments also stayed active across New Hampshire, Kazakhstan, Uzbekistan and Malaysia, underscoring that the sector is now being shaped as much by energy, capital markets and infrastructure strategy as by Bitcoin price alone.

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July mining update: Poolin files for Chapter 11 as Bitcoin miners lean harder into AI data centers
Tether
2026-08-03 08:33:11

Tether posted $1.5 billion in Q2 profit, but its excess reserves fell to $4.11 billion

Tether reported $1.5 billion in net operating profit for the second quarter of 2026, according to its latest assurance report from BDO. Total assets stood at $187.75 billion and total liabilities at $183.64 billion, while USDT kept more than 60% of the global stablecoin market. The headline numbers were strong, but one balance-sheet figure moved in the opposite direction: excess reserves fell from $8.23 billion at the end of the first quarter to $4.11 billion at the end of the second. The article traces that drop to several factors disclosed in the report and discussed in the analysis, including unrealized losses on gold and bitcoin holdings, continued capital deployment, spending tied to Tether’s USAT infrastructure, and operating costs. It also points to a 15% reduction in secured loans, ongoing dependence on U.S. interest rates for profitability, and the lack of a timeline for the full audit Tether said in March 2026 would be conducted by KPMG. The piece also examines rising competition from Circle’s USDC, the regulatory implications of the proposed GENIUS Act, slowing USDT supply growth, and the question of whether Tether’s reserve strategy is optimized for stablecoin backing or for broader corporate expansion.

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Tether posted $1.5 billion in Q2 profit, but its excess reserves fell to $4.11 billion