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Crypto

Bitwise CIO says token buybacks and burns could drive crypto values sharply higher

A structure that directly links protocol revenue to token buybacks and burns could at least double cryptocurrency values, Bitwise CIO Matt Hougan said. He said the non-bitcoin market is being reshaped around network revenue, but investors have not fully priced in the shift. Hougan cited Hyperliquid, Uniswap and Aave as examples and said the model could spread across DeFi applications and layer-1 networks in 12 to 24 months.

Crypto

U.S. CFTC to discuss Clarity Act regulation, sets Innovation Advisory Committee meeting for Aug. 20

The U.S. Commodity Futures Trading Commission is reviewing the direction of cryptocurrency regulation amid a legislative gap in Congress. The agency plans to hold an Innovation Advisory Committee meeting on Aug. 20 to discuss regulatory issues involving crypto assets, artificial intelligence and prediction markets. A key focus is how to align follow-on legislation with regulator actions, as the Senate failed to advance the Clarity bill on digital asset market structure before recess.

Crypto

Securitize shares fall 16 percent after Q2 results miss estimates, tokenization revenue down

Securitize shares fell 16 percent in premarket trading after the company reported second-quarter revenue of $14.4 million, below Wall Street estimates of $20.6 million. Total revenue fell 5 percent from a year earlier. Tokenization revenue declined 12 percent to $7.8 million. Net loss widened to $21.7 million and adjusted EBITDA swung to a $5.5 million loss. Average tokenized assets under management rose to $4.3 billion.