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The U.S. CFTC will issue guidance clarifying the rules for foreign trading platform registration.

8 hours ago

On August 29th, Crypto journalist Eleanor Terrett disclosed that the Commodity Futures Trading Commission (CFTC) is scheduled to issue guidance to clarify its Foreign Board of Trade (FBOT) registration rules. This provides a legal avenue for non-U.S. exchanges to enable U.S. users to trade on their platforms. Acting Chairman Caroline D. Pham stated that this is a means to bring crypto activities "back to the U.S." as such activities had previously flowed out due to enforcement actions during the Biden administration. At the same time, it reaffirms the regulatory framework that has been in place since the 1990s. For U.S. traders, this implies that they can legally access more global liquidity. For the crypto industry, this is another step towards regulatory clarity and is also part of the Trump administration's "crypto sprint" strategy.

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Trump Nominates Fed Board Nominee Judy Shelton Hearing Set for September 4th

August 29th. The Senate Banking Committee of the Federal Reserve announced that the confirmation hearing for Trump's nominee for Federal Reserve Governor, Judy Shelton, is slated to take place on September 4th at 10 p.m. Beijing time. (FX678)

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WLFI Coin Launch Imminent, Ecosystem Coin B (BUILDon) Surges Above $0.7 to Hit All-Time High

On August 29th, based on GMGN data, the market capitalization of the BSC-based Meme coin B (BUILDon) has exceeded 700 million USD and reached a historical high. It is currently priced at 0.71 USD, with a 24-hour increase of 23%. The B token is the first USD1 concept coin. Possibly due to the upcoming launch of the WLFI token, B (BUILDon) has shown significant volatility in the past two days. Previously reported by BlockBeats, on July 12th, BUILDon was officially renamed as BUILDON GALAXY, announcing the upcoming launch of the first USD1 ecosystem Launchpad, which will focus on high-quality projects. It will provide rigorous selection and review processes, multi-chain deployment, flexible launches, and continuous market support to inject new impetus into the USD1 ecosystem. BlockBeats reminds users that the market is volatile and token prices are subject to significant fluctuations, so investment should be made with

15 minutes ago

Three wallet addresses deposited a total of 7.49 million USDC to Hyperliquid and went long on XPL with 2x leverage.

On August 29th, as per the monitoring of Onchain Lens, three wallets that are likely to be owned by the same entity deposited 7.49 million USDC into Hyperliquid. These wallets took a long position on XPL with 1x leverage and have an outstanding order to increase their XPL position within the next 21 to 23 hours.

15 minutes ago

Frax Founder Joins Stable as Chief Technology Officer

August 29th. Sam Kazemian, the founder of Frax Finance, announced that he has joined the new blockchain project Stable which is centered around Tether's USDT as the Chief Technology Officer. Meanwhile, he will continue to serve as the CEO of Frax.

15 minutes ago

Musk's X Company Faces Antitrust Lawsuit from Eliza Labs

On August 29th, as per Reuters, the software development firm Eliza Labs has filed a lawsuit against Elon Musk's X Corp. It is claimed that X Corp obtained key technical information from the company before suspending Eliza's account and launching a mimicking AI product. Eliza, along with its founder and plaintiff Shaw Walters, stated that X induced them to disclose technical details about the AI agent operating on the social platform and compelled developers to pay a high enterprise license fee to keep operating. The lawsuit alleges that X abused its dominance in the social media realm to suppress competitors, violating antitrust laws. Eliza emphasized that its expulsion from the platform was not an editorial decision but a "carefully planned and deceitful" act that harmed the company's customer relationships and restricted its growth. The case is currently pending in a San Francisco federal court, and representatives of X and Eliza have not yet responded to requests for comment.

15 minutes ago

A whale withdrew 17,836 ETH from OKX, approximately $79.77 million

On August 29th, based on ChainInfo, a significant amount of cryptocurrency was withdrawn. Specifically, a whale transferred 17,836 ETH (approximately equivalent to $79.77 million) from OKX within the past 4 hours.