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Crypto

CFTC chair calls for financial rules redesign for autonomous AI agents

The head of the U.S. Commodity Futures Trading Commission said financial regulation should be redesigned for an environment in which autonomous AI agents can hold assets and trade directly. CFTC Commissioner Michael Selig said current frameworks assume human traders but must address AI-driven financial activity. He raised questions about accountability when agents act beyond control and suggested an “agent verification” system. He also warned AI-driven trading could amplify market reactions and complicate surveillance.

Crypto

Hedge funds sell, sovereign wealth funds buy as bitcoin ETF holdings reshaped

Institutional selling of spot bitcoin exchange-traded funds during a bitcoin downturn was concentrated among a small number of hedge funds and banks, according to an analysis of 13F filings. Total holdings by 13F filers fell about 14 percent from end-September 2025 to end-June 2026, while others increased holdings. Morgan Stanley’s wealth unit and Abu Dhabi investors were among buyers. Galaxy said reduced arbitrage profitability drove selling as the futures basis narrowed.

Crypto

Phantom launches Kalshi prediction market service in U.S., trades in stablecoin

Crypto wallet provider Phantom is offering U.S. users access to Kalshi’s prediction market service, The Block reported on Thursday. Users can trade contracts that bet on event outcomes directly in the Phantom app. The rollout begins on Thursday and will expand over several weeks. Users must complete Kalshi’s know-your-customer checks and fund trades with Phantom’s dollar-pegged stablecoin, Cash (CASH), which is converted to fiat for settlement.