Headlines

US Senators Target Wildfire Bets in New CFTC Rule Fight

Key Takeaways Nine Democratic senators asked the CFTC to prohibit wildfire event contracts by Aug. 14. Lawmakers cited $1.2M in trading tied to California’s 2025 Palisades and Eaton fires. Polymarket says the markets inform rather than exploit, and pulling them prevents nothing. Democratic Senators Want Wildfire Prediction Contracts Banned Over Arson Fears Nine U.S. senators…

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Bybit Expands European Footprint With Austrian EMI License

Key Takeaways Austria’s FMA granted Bybit Payments an EMI license to deliver regulated e-money services on Bybit.eu. The move expands Bybit EU’s regulatory footprint, which has held MiCAR crypto approval since May 2025. Bybit Payments GmbH plans to launch 5+ features, including P2P, open banking, and card services on Bybit.eu. Regulatory Dual Framework Cryptocurrency platform…

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Bitcoin ETFs Add $170M as Blackrock Leads Gains for 7 Funds

Key Takeaways Blackrock’s IBIT led $170.09M into bitcoin ETFs, with 7 funds gaining and none seeing outflows. Ether ETFs lost $11.42M while XRP gained $1.15M, widening the institutional demand split. Intesa Sanpaolo cut IBIT shares 93.7%, signaling August positioning may stay selective. Blackrock Drives Nearly Two-Thirds of $170M Bitcoin Inflow Fresh August allocations arrived quickly….

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Law Enforcement Says CLARITY Act Aids Criminals. Industry Says They’re Wrong

Key Takeaways The National Sheriffs’ Association sent Thune and Schumer a fresh CLARITY Act warning. Blockchain Association’s Lindsay Fraser believes the NSA’s position comes from a place of “fundamental misunderstanding.” The dispute centers on Section 604, which shields non-custodial software developers. A Renewed Warning From Law Enforcement The National Sheriffs’ Association sent a letter to…

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