Multicoin Capital Co-founder: Proposes launching Pre-IPO perpetual futures to allow ordinary U.S. investors to share in the AI wealth feast.

According to HTX market data, BNB briefly broke through $660 and has now pulled back to $658.40, with a 24-hour gain of 5.31%.

The U.S. Commodity Futures Trading Commission (CFTC) held its first Innovation Advisory Committee meeting this morning, focusing on three core topics: the evolution of crypto regulation, artificial intelligence (AI) and intelligent financial markets, and prediction markets. The first session, titled "Evolution of Crypto Regulation: From Uncertainty to Clarity," discussed the development of the U.S. crypto asset market, regulatory fragmentation stemming from state-level licensing, the lack of a federal market structure framework, and the impact of regulatory enforcement uncertainty on innovation, investment, and the location choices of crypto firms. Attendees explored how to advance regulatory modernization under existing legal authorities and lay groundwork for future congressional legislation on frameworks for market integrity, customer protection, cybersecurity, and operational resilience. The second session centered on AI and intelligent markets, covering topics including AI applications in trading, compliance, market surveillance, and risk management, as well as the rise of "Agentic Finance"—where autonomous AI agents execute financial transactions and manage investment portfolios. The session also examined the intersection of AI and crypto markets and related regulatory principles. The third session focused on prediction markets and event contracts, exploring their role in price discovery, information aggregation, and risk management, alongside issues such as federal and state regulatory authority, market manipulation, product design, exchange responsibilities, and customer protection. CFTC Chairman Michael S. Selig, who serves as the initiator of the Innovation Advisory Committee, attended the meeting. The CFTC is positioning crypto assets, agentic finance, and prediction markets as key priorities for the next phase of financial market innovation and regulatory framework development.

21Shares published a note stating that selling pressure in the Bitcoin market may be nearing exhaustion. Data shows the Bitcoin Seller Exhaustion Constant is currently around 0.007, placing it in the bottom 0.3% of all readings since 2010. The firm noted this marks only the 11th time in Bitcoin’s history such a low reading has been recorded. Following the prior 10 instances, BTC’s price one year later was higher than at the time of the signal, with a median gain of 155%. However, 21Shares emphasized that the indicator does not confirm Bitcoin has hit a bottom. Historical data shows Bitcoin may still decline in the short term after the seller exhaustion signal emerges, before completing a trend reversal.

According to HTX market data, Bitcoin has surged sharply in the short term to cross the $74,000 mark, notching a nearly 8% gain in the past 24 hours.

According to GMGN data monitoring, since "Niu Lai" ignited a new meme coin craze, the BSC ecosystem’s meme coin sector has seen a notable recovery, with multiple tokens rallying collectively: "Niu Lai" once reached a market cap of $70 million, now retreating to $56.4 million, with a 24-hour gain of 30.3%; "Binance Life" boasts a $470 million market cap, up 11% in 24 hours; "Lobster" has a market cap of roughly $24 million, up 13.1% in 24 hours; "I’m Here with My Horse" has rebounded to a $10 million market cap, up 6% in 24 hours; "CETS" has a market cap of around $14 million, surging 37.4% in 24 hours. BlockBeats reminds users that most meme coins lack real use cases, are highly volatile, and caution is needed for investments.

U.S. Treasuries have faced sharp selling recently, with long-term yields once hitting their highest level since 2007, though Federal Reserve officials downplayed market concerns about so-called "damaged policy credibility". San Francisco Fed President Mary Daly and St. Louis Fed President Alberto Musalem both attributed the rise in long-term U.S. Treasury yields more to government financing needs and capital demand from AI infrastructure construction, rather than runaway inflation expectations. However, the two hold clear differing views on September monetary policy. Daly argued that recent inflation, retail sales, and employment data have reduced the need for further policy tightening, noting current policy is in a "good place" and there is insufficient basis for preemptive rate hikes or cuts. Musalem, by contrast, is more hawkish, stating core inflation remains at a high level of 2.5% to 3%, current policy may be near neutral or even accommodative, and revealing he leaned toward a rate hike at the July meeting. Market expectations for a September rate hike have cooled significantly, with the associated probability dropping from over 70% at the end of July to around 30%. Notably, neither of the two has a vote on the FOMC this year, while three officials dissented from the decision to hold rates steady at the July meeting, indicating policy divisions within the Federal Reserve remain unresolved.