Trump to Attend Meeting with Crypto, Prediction Markets Execs
Policy
“President Donald Trump is expected to attend a meeting at the White House next Wednesday that will gather together high-level executives from crypto companies and prediction-market venues, according to a person familiar with the event. Michael Selig, chairman of the Commodity Futures Trading Commission, is also planning to be there, the person said. Paul Atkins, the chair of the Securities and Exchange Commission, will be at the White House as well, a spokesperson for the agency said. The event will kick off discussions ahead of the first meeting of the CFTC’s new Innovation Advisory Committee the next day, the person said. The committee includes the top executives from Coinbase, Robinhood, Kalshi and Polymarket, among others. Regulation of digital assets and prediction markets will be discussed, according to the committee meeting agenda.”
Source: Bloomberg
Cboe Seeks SEC Nod for First US 3x Bitcoin and Ether ETFs
ETPs
“Cboe BZX Exchange is looking for U.S. Securities and Exchange Commission approval to list a suite of leveraged commodity exchange-traded funds, including 3x daily bitcoin and ether products. According to the proposed rule change proposal on Friday, the firm is looking to introduce a 3x Gold ETF, 3x Silver ETF, 3x Bitcoin ETF, 3x Ether ETF, 3x Crude Oil ETF and 3x Natural Gas ETF, all of which are aiming to deliver three times the daily performance of its underlying asset primarily by holding futures contracts on CME or COMEX, with cash and cash equivalents as collateral. Generally speaking, highly leveraged funds are designed for short-term, tactical trading by sophisticated investors — not for long-term holding.”
Source: The Block
Crypto’s $1 Trillion Rout Hits Funds Built for Day-Trader Crowd
ETPs
“The digital-asset industry’s long-running slump is claiming fresh casualties: funds built to bring cryptocurrencies of all stripes to mainstream investors. Grayscale Investments in recent days pulled plans for exchange-traded funds tied to Cardano’s ADA, Polkadot’s DOT and Hedera’s HBAR. While a months-long slide has sent the seminal Bitcoin down 28% this year, other crypto plays are doing even worse. An index of smaller coins is down more than 40% in 2026 with better-known tokens, including Dogecoin, Solana and ADA, shedding roughly half their value. Exchanges have delisted whole swaths of coins and trading activity has dwindled. The withdrawals as well as a series of fund closures show how the prolonged weakness in crypto’s smaller tokens is impacting alternative investment firms that sought to capitalize on retail traders’ hunger for mass-market digital products.”
Source: Bloomberg
Trump Family’s World Liberty Financial Gets Preliminary Approval to Launch a Bank
Regulation
“World Liberty Financial, the Trump family’s flagship crypto venture, said on Friday that its trust company has received preliminary conditional approval from the Office of the Comptroller of the Currency to become a bank. Upon final approval, World Liberty Trust will operate as a federally chartered national trust bank. The charter will allow World Liberty to issue, redeem and safeguard USD1, the dollar-backed stablecoin that World Liberty launched last year. The stablecoin, whose reserves are currently custodied with BitGo, has a market value of about $4 billion. The firm said it would have to satisfy a list of conditions and receive a final examination from the OCC before it can become operational.”
Source: The Wall Street Journal
Israel’s Largest Bank to Offer Crypto Trading With Galaxy
Adoption
“Bank Leumi, Israel’s largest bank, will offer cryptocurrency trading to customers from early 2027 becoming the first Israeli bank to announce such a service. Customers of Leumi and its mobile banking unit, Pepper, will be able to buy, hold and sell bitcoin, ether and solana (SOL) through a section of the Leumi Trade app, according to a Friday announcement. Galaxy Digital (GLXY) will provide trading and services through GalaxyOne Institutional, its platform for banks and asset managers. Leumi has also signed an agreement to use Galaxy’s custody infrastructure, formerly known as GK8, to support the offering. The tie-up gives Galaxy a banking partner in Israel and places Leumi among a growing group of financial institutions bringing crypto access inside customer platforms. By embedding trading within its capital-markets app, the bank is betting that clients will favor a regulated banking interface over standalone crypto exchanges.”
Source: CoinDesk
