Polymarket has referred nearly 100 suspicious wallets to law enforcement as regulators turn up the heat on prediction markets. With blockchain trails, geopolitical wagers, and fresh insider-trading concerns, the platform is trying to clean house before authorities do it for them.
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White House crypto lead Patrick Witt is staying on the CLARITY Act talks for now, but Senate negotiations are still bogged down over ethics, stablecoin rewards, developer liability and enforcement powers. The clock is ticking, and “almost done” is doing a lot of heavy lifting.
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Solana’s tokenized asset trading volume reportedly hit $5.8 billion in Q2, up 114% quarter over quarter, driven mostly by tokenized stock trading. But volume isn’t the same as assets held on-chain — and Ethereum still leads in total tokenized value.
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A House hearing is set to test whether sports prediction markets are legitimate financial contracts or just gambling with fancier paperwork, as Kalshi faces growing state-level pushback. The fight could redraw the line between CFTC oversight and state gaming law.
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The CLARITY Act’s Senate push is getting tangled in Trump ethics concerns and a DeFi developer fight, with bipartisan support still shaky and recess looming. Polymarket now gives it just a 31% chance of becoming law in 2026.
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Tether Gold has won regulatory recognition in Abu Dhabi as XAUT’s onchain value surges to about $2.86 billion, signaling growing institutional interest in tokenized gold. It’s a real step forward for RWAs — but still wrapped in the usual trade-offs of custody, compliance, and counterparty risk.
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Exodus is cutting about 25% of its workforce as it doubles down on stablecoin payments and card issuance, betting that owning more of the payments stack will bring real crypto utility — and future savings — even if the short-term pain hits first.
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Chainlink’s CCIP is being tested in Hong Kong’s tokenized money pilots, where the focus is on secure interoperability between e-HKD, tokenized deposits, and tokenized funds. It’s a serious sandbox, not a hype-fueled rollout—and that distinction matters.
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Coinbase is now backing a tougher CLARITY Act after Senate Democrats secured stronger consumer protections, but the bill is still stuck in a Trump ethics fight that could delay or derail a vote. For now, Washington has more drama than clarity.
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Kevin Warsh is drawing a hard line: no routine Fed bailouts for crypto or stablecoins if they implode, even as stablecoin risks keep building. The catch? In a real systemic panic, Washington’s “no bailout” stance usually comes with a very large emergency asterisk.
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