Crypto Industry News & Market Trends

Trump expected to attend White House meeting with crypto CEOs, sources say

SummaryPeople involved in a White House innovation meeting next week have been advised that President Donald Trump is planning to attend, alongside a number of crypto CEOs involved in a new Commodity Futures Trading Commission advisory committee.The meeting is a prelude to the innovation committees Thursday inaugural event, at which the long list of CEOs from crypto, prediction markets and AI will discuss their industries.　　President Donald Trump is expected to be in attendance when the administrations new innovation committee — a crowd of crypto CEOs and leaders of prediction market and AI companies — sits for a White House meeting on Wednesday, said people briefed on the planning.　　The chief executives of companies such as Coinbase, Ripple, Gemini, Robinhood, Polymarket and Kalshi are members of the new Innovation Advisory Committee at the Commodity Futures Trading Commission, but before they attend their first committee meeting on Thursday, the crypto CEOs will gather for the White House meeting, said the people, who asked not to be named, and participants have been told Trump is planning to attend.　　The meeting, expected to be held at the Eisenhower Executive Office Building next door to the White House, is meant to get a policy dialogue started in

7 hours agoIndustry

JPMorgan cuts Polymarket banking ties over regulatory concerns: Report

JPMorgan Chase ended a banking relationship with Polymarket over regulatory concerns, according to the Financial Times.　　JPMorgan notified the prediction market platform in October 2025 that it needed to find a new bank, the Financial Times reported Friday, citing people familiar with the matter. Polymarket now works with an unidentified lender.　　Still, JPMorgan has maintained other ties with Polymarket. The bank is allegedly keen on a potential underwriting role should Polymarket attempt to go public. Polymarket reportedly said that it continues to have a “close, active relationship” with JPMorgan.　　Cointelegraph has approached JPMorgan and Polymarket for comment.　　Prediction markets are facing increasing regulatory scrutiny in the US and abroad. More than a dozen US states have taken legal action against Polymarket, Kalshi or both over sports event contracts, while authorities in several countries have also blocked or restricted access to Polymarket.　　Magazine: Why Argentina is blocking Polymarket despite its global growth

8 hours agoIndustry

Shinhan Asset Management partners with Plume on tokenized fund pilot

South Koreas Shinhan Asset Management signed a memorandum of understanding (MOU) with tokenization-focused blockchain network Plume to develop a proof of concept for a Korean won-denominated tokenized fund.　　The pilot project will use a Shinhan won-denominated ultra-short-term bond fund as its underlying asset and BlackRocks BUIDL tokenized fund as a benchmark to test the issuance and distribution process, Shinhan said on Friday.　　The companies will also test compliance requirements for tokenized investment products, including whitelist-based transfer restrictions, onchain operations, Know-Your-Customer checks and Anti-Money Laundering controls.　　Shinhan said the pilot is intended to test the overseas use of won-denominated financial products in onchain markets that have largely developed around dollar-denominated assets.　　In April, fellow Shinhan Financial Group affiliate Shinhan Card signed an MOU with the Solana Foundation to test stablecoin payment technology and explore the use of non-custodial wallets. Another group affiliate, Shinhan Bank, completed a stablecoin remittance pilot in July 2023.　　Magazine: South Korea lifts 9-year corporate crypto ban: What the policy change means

8 hours agoIndustry

Gen Z favors ETFs and trades less than older cohorts: Binance

Gen Z traders on Binance are allocating a growing share of their equity activity to exchange-traded funds (ETFs), with the products accounting for 25% of the cohorts trading volume in early August, according to Binance Research.　　ETFs accounted for 21.9% of Gen Z net equity inflows in July, up from 18.5% in June, while the share going to individual stocks fell to 74.2% from 77%.　　The analysis examined activity across direct equities, tokenized stocks and traditional finance perpetuals, comparing Gen Z accounts with Millennials, Gen X and Baby Boomers on measures including trading frequency, net flows and leverage use.　　The younger cohort traded less frequently than other working-age generations across all three products. Gen Z averaged 13 monthly trades in TradFi perpetuals, compared with 17 for Millennials and 16.5 for Gen X.　　Among Gen Z direct-equity accounts, 22% had never placed a sell order, compared with 19% of Gen X accounts and 9% of Baby Boomer accounts. Millennials had the highest share of buy-only accounts at 30%. Among those Gen Z buy-only accounts, top assets by cumulative purchases included Broadcom, Tesla and the Schwab US Dividend Equity ETF, according to Binance.Net buyers by generation and product. Source: Binance　　Gen Z also showed relatively little appetite

8 hours agoIndustry

Coinbase, Ripple to join Aug. 19 White House crypto meeting

Coinbase and Ripple executives have been named among the expected attendees at an Aug. 19 White House meeting involving at least six crypto and prediction market companies.　　Semafor reporter Eleanor Mueller said executives from Coinbase, Ripple, a16z, Chainlink, Paradigm and Kalshi were expected to attend the White House meeting, citing people familiar with the plans.　　News: Executives from Coinbase, a16z, Ripple s meeting at the WH, people familiar with it tell me.　　Trump plus Selig s.. outcome, we expect the Commission to publish the texts of Reg Crypto, the Innovation Exemption, or both in the next several weeks, another reminder that the crypto industry is poised for… a positive reg environment even without CLARITY” https://t.co/rzWahIIGyi　　— Alex Thorn (@intangiblecoins) August 14, 2026　　A separate Kalshi contract provided a more favorable reading for an earlier procedural event. As of Aug. 11, traders assigned an 88% probability that the Senate would vote on the legislation before Oct. 1, with about $1.23 million traded on the contract. The date aligns with Thunes Sept. 15 cloture schedule but does not indicate whether senators will ultimately approve the bill.　　CFTC meeting will follow on Aug. 20　　People involved in the planning have described the White House event as a kickoff for the

8 hours agoIndustry

SpaceX stock falls as $60B Cursor deal closes

SpaceX has completed its $60 billion stock-based acquisition of Anysphere, bringing the Cursor coding platform into its SpaceXAI business as SPCX shares fell during Friday trading.　　SummaryCursor has become a wholly owned SpaceX subsidiary after the merger took effect on Aug. 14.Cursor investors will receive 389.3 million SpaceX Class A shares under the transaction.SpaceX shares traded as low as $135.53 before recovering to about $140.Morgan Stanley has retained a $300 target and a $600 bull case for SPCX.　　An SEC filing dated Aug. 14 showed that SpaceX completed the acquisition through X67 Inc., a subsidiary formed to carry out the transaction. X67 merged into Anysphere, leaving the Cursor developer as the surviving company and a wholly owned SpaceX subsidiary.　　The closing came less than two months after SpaceX signed the merger agreement on June 16. Under its terms, the company valued Anysphere at an implied equity value of $60 billion and agreed to compensate its investors with SpaceX Class A common stock.　　SpaceX has issued 389 million shares for Cursor　　Cursors common and preferred shares outstanding immediately before the merger were automatically converted into rights to receive 389,289,254 SpaceX Class A shares, according to the filing.　　SpaceX based the exchange on the volume-weighted average closing price

9 hours agoIndustry

OCC grants conditional approval for Trump-backed World Liberty National Trust bank

Quick TakeIn a letter, the Office of the Comptroller of the Currency granted World Liberty Trust Company, National Association conditional approval, bringing it one step closer to a final approval for a bank charter.WLF CEO Zack Witkoff said the company wants to “build the most trusted and widely used digital dollar in the world while strengthening the role of the U.S. dollar across the global economy.”　　President Donald Trump-backed World Liberty Financial secured preliminary approval to become a national trust bank on Friday.　　In a letter, the Office of the Comptroller of the Currency granted World Liberty Trust Company, National Association conditional approval, bringing it one step closer to a final approval for a bank charter.　　“The OCC hereby grants preliminary conditional approval of your charter application upon determining that your proposal meets certain regulatory and policy requirements,” the regulator said in its letter.　　Earlier this year, WLF created a new trust company in order to secure a banking license from the OCC that it said would allow it to offer stablecoin issuance and redemption, on-ramp and off-ramp services, and custody and conversion. WLF issues a stablecoin called USD1, which has a market capitalization of $4 billion and ranks as the fourth-largest stablecoin after

9 hours agoIndustry

Trump-backed World Liberty wins conditional bank charter from federal regulator

SummaryThe U.S. Office of the Comptroller of the Currency has granted World Liberty Trust Company a federal charter, clearing the way for it to take over issuance of World Liberty Financials USD1 stablecoin.Lawmakers had expressed concerns with World Libertys application due to its ties to President Donald Trump.　　A federal bank regulator has granted World Liberty Trust Co. a conditional bank charter, it announced Friday.　　The Office of the Comptroller of the Currency, the U.S. banking agency that grants federal charters, said in a letter posted to its website that World Liberty could operate fiduciary and other trust company-related activities as a national trust bank.　　“This preliminary conditional approval is granted based on a thorough evaluation of all information available to the OCC, including the representations and commitments made in the application and by the Banks representatives,” the letter said.　　Final approval wont be granted until the company meets additional “preopening requirements,” the letter said.　　According to the letter, World Liberty Trust Company will focus on services tied to World Liberty Financials USD1 stablecoin.　　“The bank plans to issue USD1, a fiat currency-backed stablecoin, to institutional clients on a nationwide basis, assuming this role from BitGo Bank & Trust, National Association (BitGo), the current exclusive issuer

9 hours agoIndustry

BNB Chain schedules security-focused Pasteur hard fork for Aug. 25

BNB Chain has scheduled its Pasteur hard fork for Aug. 25, introducing three changes intended to strengthen cross-chain transfers, tighten validator controls, and raise tested transaction capacity from 1,237 to 2,324 transactions per second.　　SummaryPasteur will activate on BNB Smart Chain at 2:30 a.m. UTC on Aug. 25.Node operators must install BSC software version v1.7.7 before the upgrade.Two changes address cross-chain security, validator permissions, and governance voting.Internal tests raised transaction capacity from 1,237 to 2,324 TPS.　　BNB Chain said in an Aug. 14 announcement that Pasteur will go live on BNB Smart Chain at 2:30 a.m. UTC on Aug. 25 after running on its test network since July 21.　　Node operators must install BSC software version v1.7.7 before the activation time. The network also instructed operators to remove an outdated setting called EnableBAL from their configuration files because the updated software will not start if it remains in place.　　Pasteur includes three proposals: BEP-682, BEP-695, and BEP-675. The first two address security and validator permissions, while the third changes how transactions are processed when new blocks are prepared.　　You might also like:　　Microsoft flags ClickFix malware using BNB Chain to fetch attack instructions　　Pasteur will strengthen BNB Chain bridge checks　　BEP-682 changes how BNB Smart Chain confirms transfers

9 hours agoIndustry

Justin Sun Addresses Binance HTX Blacklist: Are Your Funds Actually Affected？

Justin Sun says the Binance restrictions on HTX reach only users in the UK and the European Union. Binances own notice sets no such limit.　　The HTX founder made the claim as the August 23 cutoff approaches. He also said HTX is already in settlement talks with British and EU authorities.　　Sponsored　　Sponsored　　What Sun Said　　The comments came in a late Friday post, only hours after Binances blacklisting announcement.　　“Ive communicated with Binance, and it only involves Binance UK and EU users. Huobi itself does not conduct business in the UK or EU. Our settlement negotiations with the UK and EU regulatory authorities are already underway,” he wrote.　　Sun added that affected users can contact HTX customer service, and that the exchange will help resolve individual cases.　　Where the Claim Meets the Record　　Binance addressed its notice to all users and named no country. It said transactions involving the listed platforms may be held for compliance review after the effective dates. Binance restricted 11 platforms in that announcement.　　Suns second claim is harder to square. The Financial Conduct Authority (FCA) alleges HTX drew 4.6 million UK visits in 2023. That ranked it sixth among virtual asset firms accessed from Britain. HTX limited new UK sign-ups only after the regulator

9 hours agoIndustry

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