Binance added Moonbeam (GLMR), ICON (ICX), Moonriver (MOVR), SuperRare (RARE) and Sophon (SOPH) to its Monitoring Tag list on Aug. 11 after its latest project reviews. 

The designation places all five tokens under closer scrutiny and signals possible future delisting if they stop meeting the exchange’s listing standards, according to its announcement.

The exchange said the move does not remove any of the tokens from trading and will not affect other related services. Binance did not provide a specific reason for adding each project. The notice was also updated later on Aug. 11 to revise information concerning the Monitoring Tag quiz.

Binance Monitoring Tags do not mean immediate delisting

The exchange uses the Monitoring Tag for assets it considers more volatile or risky than other listed tokens. Its reviews examine team commitment, development activity, trading volume, liquidity, network security, smart contract stability, public communication, due diligence responses, token supply changes and evidence of misconduct.

The US Commodity Futures Trading Commission (CFTC) invoked its emergency authority on Tuesday, ordering prediction market Kalshi to continue operating.

The CFTC said that New York’s enforcement action and request for a temporary restraining order themselves constituted a market emergency and directed Kalshi to continue operating in accordance with its normal practices and the Commodity Exchange Act’s Core Principles.

New York’s requested temporary restraining order would bar Kalshi from operating a business offering contracts tied to sports, culture, elections and other events in or from New York or to people in the state. The CFTC said the order could prevent Kalshi from offering all event contracts nationwide because it is based in New York. According to the CFTC, New York is seeking at least $36 billion in compensatory damages pending an accounting.

The CFTC said the Commodity Exchange Act requires the commission to provide a uniform national derivatives market and that major disruptions threaten orderly trading and price discovery. CFTC Chair Michael Selig said Congress did not intend derivatives exchanges to face a “patchwork of state gaming laws.”

The confrontation is part of a broader national fight over whether the Commodity Exchange Act preempts state gambling laws as applied to event contracts traded on federally regulated exchanges.

CFTC challenges state oversight of prediction markets 

In the lawsuit filed on July 31, New York alleges Kalshi runs an illegal, unlicensed gambling business by offering contracts tied to sports, elections, culture and other events. The state is seeking restitution, disgorgement, damages and penalties, including a penalty equal to three times Kalshi’s alleged gains and $100,000 for each unauthorized sports wagering offer or attempt in New York.

Kalshi says states cannot shut down a federally licensed exchange, while the CFTC argues that the Commodity Exchange Act gives it exclusive jurisdiction over transactions involving swaps traded on designated contract markets, including event contracts Kalshi lists as swaps.

A federal judge in a separate New York case denied Kalshi’s request for a preliminary injunction on July 7, finding at that stage that New York gambling laws were not preempted by the Commodity Exchange Act as applied to Kalshi’s sports-event contracts.

Related: Judge stays CFTC’s case against US soldier over prediction market bets

In a separate federal case, the CFTC sued New York in federal court in April to block the state from applying its gambling laws to CFTC-registered contract markets. Judge Jed Rakoff denied without prejudice the agency’s emergency request for a temporary restraining order, finding that the CFTC had not established a high likelihood of success on the merits or a likelihood of irreparable harm.

The latest CFTC order directs Kalshi to continue operating but does not end New York’s lawsuit or resolve the underlying jurisdictional dispute. It is not a judicial ruling on whether federal law preempts state gambling enforcement. 

The dispute extends beyond New York. The CFTC said it has sued eight other states, along with New York, to defend its congressionally granted jurisdiction.

Magazine: The 100x obsession: Fundamentals grow in importance as crypto matures

CoreWeave surged 16% after hours on stronger-than-expected sales growth, and Super Micro Computer rose almost 8% on a revenue forecast above estimates, lifting Nasdaq 100 futures.

Oil kept climbing. Brent rose over 1% to $90 a barrel, a sixth straight session of gains and its longest run since April, with traders still doubtful about a Middle East deal.

Jeff Mei, chief operating officer at BTSE, said the week’s direction rests on the inflation print and on whether Iran and the U.S. reach a deal over the Strait of Hormuz.

“Last week’s US job numbers were weak — a continuing narrative supporting this trend and lower inflation would cement expectations for Fed cuts by year-end, boosting liquidity and risk assets like Bitcoin,” Mei said.

“Traders should watch for any hawkish pushback from Fed speakers, but the macro setup could lead to a relief rally if this week’s CPI numbers are lower than expected,” he added.

July inflation data is due at 8:30 a.m. ET, with oil’s run feeding directly into it.

The Office of the Comptroller of the Currency (OCC) said on Aug. 11 that digital asset companies conducting legally permissible activities should have a route into the U.S. national banking system, as Comptroller Jonathan V. Gould renewed the agency’s push to revive new bank formation.

Gould said in the OCC release that the regulator received 40 de novo applications over the past 18 months, including national trust bank applications, and has decided many complete applications within 120 days. He added that “America and the OCC are once again open for business.” The statement followed the FDIC’s Aug. 10 announcement of a new review system for deposit insurance applications.

According to tx, the bridge’s software registered transactions as deposits even though they never delivered XRP to the bridge. That gave the attacker bridged XRP on the tx chain without the real XRP that was supposed to back it. Those unbacked tokens then went back through the bridge, and the attacker withdrew real XRP from the reserve.

The drain began at 19:16 UTC. Each payout was authorized by 17 of the bridge’s 28 relayers, a majority signing off exactly as designed, because the bridge’s own records told them the deposits were real.

Relayers are programs that watch both blockchains and approve transfers when the bridge’s records say a withdrawal is owed.

The specific failure sat one layer down, however, as the relayer code processed payments carrying the bridge’s memo without first verifying the destination address.

tx confirmed the deposit-detection flaw in an update, saying the attacker exploited software that incorrectly recognized transactions that delivered no XRP to the reserve.

The project added it has identified and fixed the vulnerable code, engaged blockchain forensics specialists and filed a complaint with the FBI’s Internet Crime Complaint Center. It has not said how affected holders will be made whole.

Meanwhile, the stolen XRP did not stay put. Onchain tracking shows most of it moved onward within hours through several other addresses.

Nasdaq agreed on Aug. 11 to acquire all equity interests in LeveL Markets LLC, adding one of the largest U.S. alternative trading systems to a broader strategy built around longer trading hours, tokenized securities and digital market infrastructure. 

Financial terms were not disclosed in the company’s release.

The deal comes after two major U.S. regulatory approvals for Nasdaq this year. The SEC approved its tokenized securities rules in March and its plan for 23 hour weekday trading in April. Nasdaq now plans to launch the longer trading schedule on Dec. 6, while the newly created Digital Liquidity Networks unit will bring LeveL into the same organization as its digital asset and tokenization capabilities.

LeveL gives Nasdaq a larger U.S. off exchange foothold

Nasdaq says LeveL is the third largest U.S. ATS by trading volume. The platform processes hundreds of millions of shares each day, trades more than 7,000 symbols and reaches over 2,500 buy side and sell side clients. More than 300 institutional buy side firms use the venue, which connects through more than 15 order and execution management systems.

Nasdaq first acquired a minority interest in LeveL in 2021. LeveL later merged with Luminex in 2022, while its average daily volume increased 56% in 2025. Nasdaq’s move from minority investor to prospective owner gives the exchange operator a larger position in U.S. trading that takes place away from traditional exchange order books.

The structure will not disappear after the purchase. Nasdaq said LeveL will keep its own management team, participant confidentiality and structural separation while remaining a registered ATS under FINRA oversight. Until the transaction closes, both businesses will continue operating independently.

Nasdaq already has SEC approval for 23 hour trading

The U.S. angle extends beyond the acquisition. The SEC granted accelerated approval to Nasdaq’s 23 hour, five day trading proposal on April 10. Under the approved structure, the day session runs from 4 a.m. until 8 p.m. ET, followed by a night session from 9 p.m. until 4 a.m. ET. The intervening hour allows maintenance and corporate action processing.

Nasdaq has set Dec. 6, 2026, as its planned launch date for the expanded hours. The change is intended to give investors in other time zones greater access to U.S. equities and puts a major national exchange into trading periods where ATS operators already compete for orders.

Washington is still examining how far the transition should go. The SEC will hold a Sept. 17 roundtable covering overnight trading, market operations, resiliency and investor safeguards. Chair Paul Atkins said the U.S. is moving toward a market that trades through more of the day and night. As crypto.news reported in its 24 hour trading coverage, regulators are now examining the infrastructure needed to support that shift.

Tokenized securities are moving closer to production

Nasdaq’s digital market strategy is also moving from regulatory approval toward implementation. On March 18, the SEC approved rules allowing eligible securities to trade in tokenized form on Nasdaq. Tokenized and traditional versions can use the same order book and execution priority when they share the same CUSIP, trading symbol and shareholder rights.

The approved framework relies on DTC infrastructure rather than creating a separate pool of synthetic equity exposure. Eligible assets under the pilot include Russell 1000 securities and ETFs tracking major indexes. Trades handled through DTC will continue to settle on a T+1 basis, according to Nasdaq’s regulatory filing.

That infrastructure is approaching another milestone. DTCC processed live production transactions involving DTC tokenized assets on July 15 with more than 30 firms and is targeting October for the Tokenization Service launch. In related DTCC tokenization coverage, crypto.news reported that participants will be able to move eligible securities between traditional records and approved blockchain wallets.

Nasdaq is separately working with Payward, Kraken’s parent company, on an xStocks powered gateway designed to connect regulated equity markets with blockchain networks in eligible jurisdictions. As previously reported in Nasdaq and xStocks partnership coverage, the companies are developing infrastructure linking permissioned markets with blockchain based financial applications.

What happens next for Nasdaq and LeveL Markets

The LeveL acquisition remains subject to customary closing conditions and required regulatory approvals. Nasdaq has not disclosed the purchase price or a target closing date. After completion, LeveL is expected to sit inside Digital Liquidity Networks, led by Roland Chai, who has overseen Nasdaq’s digital assets strategy since early 2026.

Chai said the unit intends to build “programmable, always-on market infrastructure of the future.” That is Nasdaq’s stated objective rather than an existing market structure. The company said DLN will combine liquidity platforms, tokenization capabilities and technology products serving digital asset markets.

Several concrete dates will test that strategy. The SEC’s roundtable is scheduled for Sept. 17. DTCC plans to launch its tokenization service in October. Nasdaq plans to begin 23 hour weekday trading on Dec. 6, while its separate equity token design and related distributed ledger services are expected to begin operating in the first half of 2027.

Those initiatives are separate from the LeveL acquisition and are not disclosed closing conditions for the deal. Together, however, they show Nasdaq directing investment toward off exchange liquidity, longer U.S. trading hours and blockchain based settlement as the structure of American equity markets changes.