CFTC Chair Interprets New Rules: Only Federally Regulated Crypto Trading Platforms May Offer Leverage Trading, But 100x Leverage Will Not Be Permitted

Beating AI News Flash: Customer service agent firm Sierra has partnered with Meta to launch the Personal Agent Protocol (PAP), with companies including Walmart, Shopify, Stripe, Genesys, and Instinct co-developing the standard. PAP is designed for personal AI agents, enabling enterprises to verify an agent’s identity, the user it represents, and the actions the user has authorized the agent to take. Currently, many personal agents still simulate human web interactions—opening sites, clicking buttons, filling forms—making them vulnerable to blocks from captchas and anti-bot systems. For instance, Amazon previously banned Meta Muse from accessing its shopping platform; even Walmart, a Muse partner, deploys human verification to block agents. PAP seeks to standardize this identity and authorization framework: when a user asks an agent to check an order, only read access is granted, while separate authorization is required for modifying or placing orders. Enterprises can also define the operations agents are allowed to perform, as well as integration methods (web, API, or their own agent connections). While MCP addresses how agents call external tools and data, PAP focuses on agent identity, user authorization, and enterprise permissions. PAP remains in preview, with its first v0.1 specification set to be released later this month. On the same day, Sierra’s competitor Decagon open-sourced a similar PACT protocol and announced its entry into the PAP working group. PACT also handles agent identity and user authorization, using A2A to connect personal and enterprise agents, then completing user authorization via OAuth.

Former Messari analyst Mason Nystrom announced on X that he has officially joined Multicoin Capital as an investment partner. Prior to this, Nystrom held roles at Pantera Capital and Variant Fund. He noted that leveraging his experience at ConsenSys and Messari, as well as his in-depth research on stablecoins, tokenization, and consumer cryptocurrencies, he will closely focus on venture investments in stablecoins, consumer applications, and financial infrastructure.

Beating AI News (from Dongcha) – Figure AI founder Brett Adcock’s personal AI assistant Hark Pro is now fully available, launching on web, iOS, and Android, with free access open to all. The free version of Hark Pro has no feature restrictions, only usage limits. The $20/month Pro2 plan offers double the usage, while the $100/month Pro3 plan provides 10x the usage. All three plans have identical functionality; upgrades are solely for higher usage quotas. Hark can retain user information long-term and uses its own cloud computer to operate websites on behalf of users. It supports running up to six browsers simultaneously, handling tasks like food ordering, shopping, emails, and bill payments, and integrates with Google Workspace and Microsoft 365. Hark also includes long-term project conversations, on-demand small app generation, and action cards that proactively identify to-dos and process them with one click. For instance, after detecting bills or unused subscriptions, users can directly ask Hark to make payments or cancel them. Since Hark stores website passwords and credit card details, the company has built a dedicated encrypted vault named "Secured by Hark". The official notes that passwords and card information remain encrypted, and even Hark itself cannot access them directly.

Arkham’s monitoring shows that whale address mtAAVEbank.ETH sold more than 138,000 LINK tokens six hours ago, valued at $1.9 million. At the time, BTC had not yet fallen below $84,000. The whale is suspected of using the proceeds from the LINK sale to fund its 8x leveraged CRCL position on Hyperliquid, which once recorded an unrealized loss exceeding $1.25 million. It currently holds over $21 million in digital assets, primarily in stablecoins, with more than 10% of its funds coming from Aave borrowings.

BlackRock Head of Digital Assets Nikhil Sharma stated at Token2049 that tokenized money market funds can be transferred directly as collateral, eliminating the need for redemption or waiting several days to access cash.

Johann Kerbrat, Senior Vice President and General Manager of Robinhood’s International and Crypto Business, stated that Robinhood has added Bitcoin worth $25 million to its balance sheet.