Arthur Hayes: I bet that Bitcoin will surpass $110,000 before retracing to $76,500

The U.S. Commodity Futures Trading Commission (CFTC) held its inaugural Innovation Advisory Committee meeting this morning, during which Multicoin Capital co-founder Tushar Jain put forward three proposals. First, provide safe harbors or innovation exemption mechanisms for emerging markets such as computing power derivatives, allowing developers to test new products and business models within a compliant framework. Second, support decentralized finance (DeFi)’s adoption of compliant privacy and confidentiality tools, ensuring institutional investors’ transaction privacy while giving regulators sufficient transparency to identify and manage systemic risks. Third, back the launch of Pre-IPO perpetual futures, enabling ordinary U.S. investors to participate in the wealth growth of emerging industries like AI, avoiding exclusion due to private market access restrictions or being forced to participate indirectly through non-transparent special purpose vehicles (SPVs). Jain also noted he held discussions with U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins on the same day, adding that he is optimistic about regulators’ efforts to advance financial innovation and the U.S.’s future development.

Chicago Mercantile Exchange (CME) Group Chairman and CEO Terry Duffy said at a Commodity Futures Trading Commission (CFTC) Innovation Advisory Committee meeting this morning that trade.xyz and Hyperliquid are exerting a material impact on the U.S. market. trade.xyz is a major market builder on the Hyperliquid chain, focusing on perpetual contracts for stocks, commodities, and pre-IPO assets, with its trading volume accounting for a significant share of Hyperliquid’s total volume. Duffy has repeatedly publicly raised concerns about leverage and regulatory issues related to such offshore platforms. Furthermore, Duffy engaged in a heated exchange with CFTC Chairman Michael Selig and Kalshi Chief Operating Officer Luana Lopes Lara over the regulation of prediction markets. Duffy noted that some prediction market contracts carry manipulation risks, particularly those listed via self-certification. He cited certain contracts linked to content from Trump’s State of the Union address and the timeline of Venezuelan President Nicolás Maduro’s ouster as potential manipulation risks, stating that this is harmful to the entire industry.

Binance yesterday announced the launch of its developer platform Binance Agent OS, integrating Binance API, Wallet Agentic Hub, Binance x402, Skill Hub, and Model Context Protocol (MCP) into a unified agent-based crypto ecosystem, providing infrastructure for developers to build AI-powered trading, wallet, and on-chain applications. As part of Agent OS, Binance also launched Binance MCP Server, a standardized tool connection layer for compatible AI applications, which currently supports AI agents including Claude Code, Claude, Codex, ChatGPT, and VS Code. With user authorization, eligible accounts, and regional support, AI agents can access market data, check balances and positions via MCP, execute spot, margin, Convert, USD?-M Futures, and COIN-M Futures trades, and transfer funds within Agentic sub-accounts. Binance emphasized that MCP integration does not grant withdrawal permissions, so AI agents cannot withdraw funds to external addresses through this service; relevant permissions must be authorized via separate Agentic sub-accounts isolated from main accounts. Binance noted that Agent OS aims to reduce fragmented integrations between AI agents and crypto infrastructure. As AI agents evolve beyond information generation to tasks like searching, coordinating, and autonomous trading execution, Binance hopes to provide infrastructure for Agentic Crypto applications through a unified set of tools and permission systems. Currently, Binance MCP Server is open for use, and users need to create their own Agentic sub-accounts and transfer assets intended for AI agent use to these sub-accounts.

John Ternus, Apple’s senior vice president of hardware engineering, will succeed Tim Cook as Apple’s chief executive officer on September 1, 2026. Cook will transition to executive chairman of the board, continuing to assist with the company’s affairs. Since taking the helm of Apple in 2011, the company has delivered a total stock return of approximately 2740%, and its market capitalization has risen to around $4.63 trillion. Additionally, Apple’s latest financial report shows that its third-quarter research and development investment increased by 32% year-over-year to $11.7 billion, with a focus on the artificial intelligence field.

According to Bitget's market data, both the Nikkei 225 Index and South Korea's KOSPI Index opened down by more than 1%.

Sources familiar with the matter said Samsung Electronics will announce a new shareholder return plan on Friday, potentially worth up to 110 trillion won (US$79 billion). The Samsung board of directors is set to hold a meeting around 4 p.m. local time after the Korean stock market closes, with details of the plan to be released shortly afterward, the sources added. The plan’s size is projected to range between 90 trillion won and 110 trillion won, according to the people with knowledge of the situation.