Hyperliquid, Phantom Ask CFTC to Exempt DeFi From Broker Rules
The Hyperliquid Policy Center and wallet provider Phantom filed a joint comment with the Commodity Futures Trading Commission on Thursday, a...
Evening market briefing
DeFi broker-rule pressure, CFTC staffing concerns and Bitcoin rebound scepticism led the close, with stablecoins and institutional adoption still crowding the tape.
The Hyperliquid Policy Center and wallet provider Phantom filed a joint comment with the Commodity Futures Trading Commission on Thursday, a...
Executive scan
Today in crypto closed with policy and market-structure stories carrying the most weight. Hyperliquid Policy Center and Phantom asked the CFTC to exempt DeFi from broker registration rules, while separate coverage flagged White House defence of regulatory appointments as CFTC vacancies raise oversight concerns. Binance CEO Richard Teng said 70% of EU withdrawals went to self-hosted wallets, adding a custody angle to the regulatory debate.
Bitcoin remained the main asset in focus, with CryptoQuant characterising the rebound as a bear-market recovery rather than a confirmed trend reversal. Ethereum coverage centred on the Foundation’s use of AI agents for protocol security testing, with real bugs found but false positives still common. Away from majors, stablecoins, institutional adoption, mining energy models and sports-linked crypto activity filled out a broad but policy-heavy session.
Market read
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Main signals
The Ethereum Foundation's Protocol Security team has been using coordinated AI agents to test critical network infrastructure.
CryptoQuant said bitcoin's recent rebound should be viewed as a bear-market recovery rather than a trend reversal.
Strategy raised the dividend on its flagship preferred stock to 12% in late June, but the security is still changing hands well be...
France's crypto sponsorship rules could accelerate esports growth, fostering innovation and investment in both industries globally...
The Bitcoin price today remains around $62,600-$62,900, according to TradingView data, reflecting a market that has stabilized fol...
The shift to self-hosted wallets highlights potential gaps in regulatory frameworks, challenging the effectiveness of consumer pro...
Manchester United's crypto ventures highlight football's evolving financial strategies, intertwining sports with digital asset mar...
The CFTC's understaffing could hinder effective crypto regulation, risking market ambiguity and stalling legislative progress on d...
Market watch
Bitcoin, Ethereum and stablecoin coverage dominated market attention, with rebound quality and custody flows the key watch items.
Policy and risk
DeFi registration, CFTC capacity and EU self-custody flows kept the policy-risk channel busy into the close.
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