Polymarket Cleared to Relaunch in the United States

Polymarket received regulatory clearance on Wednesday after the Commodity Futures Trading Commission issued a no-action letter for event contracts. The ruling followed Polymarket’s July acquisition of QCEX, a CFTC-licensed derivatives exchange and clearinghouse, for $112 million.

The letter covers QCX LLC and QC Clearing LLC, granting relief from swap reporting and recordkeeping requirements for binary options. Regulators emphasized all contracts must remain fully collateralized and cleared internally, without third-party clearing members involved in the settlement process.

Polymarket CEO Shane Coplan confirmed the decision on X, calling the timeline “record speed” and crediting CFTC staff for expedited approval. The platform, which surged in popularity during the 2024 election cycle, now plans to expand US prediction market offerings.

Political and business figures have recently aligned with the project, including Donald Trump Jr. joining the advisory board and Elon Musk’s X announcing integration. Polymarket reported more than 11,500 new markets in July, reflecting a 44% month-over-month increase in user activity.

Linea Launches Airdrop Checker Ahead of Token Event

Ethereum Layer 2 Linea announced that its eligibility checker for the LINEA token airdrop is now live. The distribution, managed by the Linea Association, begins September 10 and runs through December 9, with unclaimed tokens returned. Officials said the launch rewards genuine usage and early community members, while ensuring sybil resistance through strict verification.

A total of 9.36 billion tokens will be distributed to nearly 750,000 eligible wallet addresses. Eighty-five percent of supply supports ecosystem growth, with ten percent dedicated to users and builders. Consensys retains fifteen percent under lockup, while governance decisions remain Consortium-controlled, avoiding pitfalls of tokenholder voting models seen on other layer 2s.

Ondo Brings 100+ Tokenized US Stocks to Ethereum

Ondo Finance revealed that its Ondo Global Markets platform now supports over 100 tokenized US stocks and ETFs. The platform allows eligible global investors to mint and redeem equities 24/5, backed by regulated broker-dealer custody. Executives confirmed expansion plans include over 1,000 tokenized securities by year’s end and blockchain integration for Solana and BNB.

Ondo emphasized liquidity and accessibility, contrasting other platforms’ restrictions with transfers between wallets, protocols, and exchanges. Launch partners include OKX Wallet, Ledger, BitGo, Trust Wallet, and Chainlink providing price data feeds. Founder Nathan Allman said the system mirrors stablecoin adoption by exporting US equities into onchain markets, broadening institutional access worldwide.

SEC and CFTC Support Spot Crypto Trading in the US

The SEC and CFTC issued a joint statement affirming registered exchanges may facilitate certain spot crypto transactions. Regulators referenced leverage, margin, and financed retail commodity products, clarifying these assets are not prohibited under existing laws. Officials invited participants to engage directly with agency staff to explore exchange listings and ensure compliance expectations are met.

The announcement follows a President’s Working Group report urging stronger leadership in digital financial technologies. Industry observers expect listings on major exchanges like Nasdaq or NYSE could soon include Bitcoin and Ethereum. Acting CFTC Chair Caroline Pham celebrated the guidance, describing it as another Trump administration milestone for regulatory clarity.

Data of the Day

Google search activity for “memecoin” climbed to 57 last week, rebounding after several months of muted curiosity. The metric, tracked on a 0-100 scale, reflects growing retail awareness but remains far below January’s euphoric levels. Analysts said the trend suggests measured revival rather than speculative mania, potentially pointing toward more sustainable participation cycles.

Social media engagement has remained subdued, with influencers and KOLs showing less aggressive promotion than earlier this year. Researchers argue that reduced hype could prevent excesses that previously fueled extreme volatility and widespread project failures. Infrastructure supporting meme coins is stronger now, offering launchpads and trading tools that expand user strategies across volatile markets.

More Breaking News

• Crypto exchange volume hit $1.86 trillion in August, up from $1.77 trillion in July, marking the highest monthly level since January, with Binance leading in activity.
• “Killing Satoshi,” a Hollywood thriller directed by Doug Liman, explores the mystery behind Bitcoin’s founder as he nears Forbes’ richest top ten list.
• Ethereum Foundation plans to sell $43 million in ETH through centralized exchanges, drawing criticism from DeFi advocates demanding onchain and transparent execution methods.
• PumpFun paid $2 million to token creators within 24 hours of launching its new fee model, fueling optimism about decentralized creator monetization tools.
• Galaxy Digital tokenized its Nasdaq-listed shares on Solana using Superstate, opening regulated equities to decentralized finance participation and onchain ownership records.
• Coinbase announced a hybrid index futures product tracking Bitcoin, Ethereum, and “Magnificent 7” tech stocks, giving traders diversified synthetic market exposure.
• Bitcoin ETFs brought in $332 million in net inflows Tuesday, reversing Ethereum’s recent lead as institutional capital rotated back into BTC.
• Trump-backed American Bitcoin shares soared 60% after merging with Gryphon, filing to raise $2.1 billion, and revealing 2,443 BTC treasury holdings post-listing.
• Bitcoin dominance fell from 62% to 55%, signaling early-stage altcoin rotation as investors shift focus to Ethereum, Solana, and digital asset treasuries.

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