Novig Trading Surges 94% After Ad
Novig’s trading volume surged 94% post-Sydney Sweeney ad, with app downloads up 187% and valuation rising to $2B. #Update #Crypto
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CFTC Targets Prediction Market Promotions
The CFTC is reviewing prediction market incentive programs, with action expected this week. Concerns include “risk-free” trades and unlimited rebates. Companies like @Kalshi and @Polymarket may be impacted. #Update #Legal
Kalshi Deal Fallout: Director Resigns
NCPG Executive Director Heather Maurer resigns amid controversy over $2M Kalshi donation; Michigan and Ohio regulators withdraw support. #Breaking #Legal
SEC Targets 3 Platforms in Probe
Rep. Comer demands trading records from @Hyperliquid, @cryptocom, and Predictit amid insider trading probe involving $150M profit from a $1.1B short. #Breaking #Legal
Bitcoin ATM Numbers Crash to 2021 Levels
The global crypto ATM network has shrunk to 27,358 machines, with the U.S. removing 476 units amid regulatory scrutiny. The U.S. still hosts 71.4% of all machines. #Update #Crypto
Bitcoin Scam: $16M Pig Butchering Bust
Trung Nguyen Van, 37, charged with money laundering in a $16M “pig butchering” crypto scam; his wallets received $53.3M from fraud schemes. Legal
CFTC Investigates $5B Kalshi Trades
The CFTC is reviewing Kalshi’s ether perpetual trades, with $5.5 billion in near-identical trades raising scrutiny. Kalshi denies wash trading, attributing patterns to market makers’ orders.
LeBron James Surges in NBA Buzz Index
LeBron James leads @SIBetting’s NBA prop-bet index with 16,000 social posts and 5,000 Google searches, highlighting conversation metrics over financial data. #Update #Sports
Bitcoin Dominates US Crypto Ownership
Chainalysis reports $9.4 trillion in onchain activity by June 2026; Brazil leads with a $252.5 billion crypto economy, surpassing the U.S. #Update #Crypto
Bitcoin Ownership Plummets to 11% Amid Risks
Gallup reports U.S. crypto ownership dropped to 11% among investors, with 63% labeling it very risky. Younger men remain top holders despite declines. #Update #Crypto
DraftKings Shelves AI Targets Losers
DraftKings allegedly used AI to target gamblers likely to lose, while shelving models for problem gambling detection. DraftKings denies unfair targeting claims. #Update #Legal
Bitcoin Reserve Bill Advances in House
The House Financial Services Committee advances H.R. 8957, proposing a 20-year holding period for federally owned $BTC, moving it to further legislative consideration. #Update #Crypto $BTC
SEC Delays CLARITY Act Approval Again
The CLARITY Act failed a Senate cloture vote 49-50, stalling debate; it remains on the calendar for potential reconsideration. #Update #Legal
Crypto Tax Bill Spares $10 Fees
The Digital Asset Tax Certainty Act, H.R. 10357, faces a markup on Sept. 16; unlikely to become law in 2026 due to limited House time. #Update #Crypto