NewsCryptoMorning Minute: Trump Expected to Meet Crypto and Prediction Market CEOs at the White House This Week

Morning Minute: Trump Expected to Meet Crypto and Prediction Market CEOs at the White House This Week

Author: Decrypt·

Key Takeaways

  • President Trump is expected to meet with executives from crypto, prediction markets, and AI at the White House on Wednesday.
  • The CFTC’s new Innovation Advisory Committee is set to hold its first meeting on Thursday, with a panel focused on crypto regulation.
  • SafePal said a data breach exposed the names and home addresses of about 40,000 customers through an order-tracking plug-in flaw.
  • Paul Tudor Jones’ firm increased its position in BlackRock’s Bitcoin ETF after selling it for about a year.
  • Bitcoin ETFs recorded $56 million in net outflows on Friday and $390 million in outflows for the week.
Morning Minute: Trump Expected to Meet Crypto and Prediction Market CEOs at the White House This Week

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt.

Today's top news:

  • Crypto majors flip green, HYPE leads; BTC +1% at $63.5k
  • Trump expected to meet crypto and prediction market CEOs this week
  • SafePal data breach exposes 40,000 customers' details
  • Paul Tudor Jones starts buying IBIT again after selling for a year
  • Basecat runs 20x, BNB sees a $40M runner and RH Chain cools off in memes; ANSEM rebounds to $260M

🏛️ Trump Expected to Meet Crypto's CEOs at the White House This Week

President Trump is expected to attend a White House meeting on Wednesday with the CEOs behind crypto, prediction markets, and AI, CoinDesk reported. The gathering takes place just before the inaugural meeting of the CFTC's new Innovation Advisory Committee the following day.

The committee's members include the chief executives of Coinbase, Ripple, Gemini, Robinhood, Polymarket, and Kalshi, alongside the heads of CME Group, Nasdaq, Intercontinental Exchange, and the DTCC. CFTC Chairman Mike Selig is expected to attend, and sources say Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick may also join. The Thursday CFTC session opens with a panel pointedly titled "Crypto's Regulatory Evolution: From Uncertainty to Clarity."

Prediction markets have become one of crypto's fastest-growing corners since the 2024 US election, when Kalshi won a court ruling allowing it to list election contracts and Polymarket's trading volumes surged. Both platforms operate event contracts under CFTC oversight, and the CLARITY Act — which passed the House in 2025 — would extend the commission's jurisdiction to spot digital commodity trading while leaving the SEC to oversee token offerings.

The meeting comes at a pivotal moment for crypto. On one hand, it signals an administration going all-in on the industry as its regulators write friendly rules. On the other, the SEC just delayed its "innovation exemption" for tokenized stocks, and the CLARITY Act remains stuck in the Senate, its fate tied to whether Trump will accept tighter ethics restrictions on his own crypto dealings. The president is convening crypto's most powerful executives for a show of support at the exact moment when actual policy wins keep slipping.

As the newsletter puts it: "The time for meetings and talking are behind us. It's time for action. Hopefully this group can get it kickstarted…"

🌎 Macro, Crypto and Markets

Crypto majors are slightly red on the week after an overnight reversal; BTC -2% at $63.5k; ETH -1% at $1,900; SOL -1% at $75; HYPE +9% at $59.15.

Top alt movers on the day include Pump (+7%), ZEC (+6%), Ondo (+5%) and MNT (+3%).

Oil +0.5% at $82.5; Gold +0.5% at $4,460.

Stock futures are mixed ahead of the Monday open; DOW -0.2%, Nasdaq +0.5%.

Trump's World Liberty Fi won a conditional bank charter, clearing the way for its USD1 stablecoin, with the OCC granting preliminary approval for a Florida national trust bank that would take over USD1 issuance from BitGo. It is the same national trust charter route that rival stablecoin issuer Circle has pursued with the OCC for USDC.

SafePal disclosed a data breach exposing roughly 40,000 customers' names and home addresses through an order-tracking plug-in flaw. Because SafePal sells hardware wallets, it holds exactly the kind of customer shipping data exposed here — a reminder that crypto firms keep personal information off-chain, beyond the blockchain itself.

Israel's largest bank, Leumi, launched Bitcoin and Ethereum trading, becoming the country's first major bank to offer regulated crypto trading — a milestone in a banking sector that has historically steered clear of crypto services.

Paul Tudor Jones' firm boosted its stake in BlackRock's Bitcoin ETF, adding to IBIT after a year of selling, a notable reversal from the billionaire macro investor. IBIT is the largest spot Bitcoin ETF by assets.

Tether is pushing into AI, with plans for on-device AI apps in developing markets spanning health, finance, and sports.

Perps trading for stocks on centralized exchanges has risen 79x so far in 2026 to $142B as of Aug 16, as offshore venues have added US equity markets to their offerings.

Corporate Treasuries & ETFs

The Bitcoin ETFs saw $56M in net outflows on Friday ($390M in outflows for the week); the ETH ETFs saw $0M in inflows on Friday and $2.26M for the week.

Meme Coin Tracker

Meme leaders were mostly red on the week; DOGE even, SHIB -5%, PEPE -11%, PENGU -12%, TRUMP -6%, BONK -6%.

Robinhood chain saw big pullbacks across the board as Cashcat fell to $100M and Stonkbroker fell 40%; Printer (+80%) and Wall (+30%) were top movers.

Solana leaders included Ansem (+11% to $260M), Layooo (+33x) and Billy (+141x); Cupsey also jumped 40% to $13M.

Basecat ran 20x to $14M after its X account was followed by Cobie; 牛来 ran to $40M on BNB over the weekend.

💰 Token, Airdrop & Protocol Tracker

Hyperliquid hit its highest level of Open Interest since 10/10.

Pump.fun doubled Hyperliquid in revenue in the past week with $11.5M (Hyperliquid had $5.7M).

🚚 What Is Happening in NFTs?

NFT leaders were red; Punks even at 31.7 ETH, BAYC -1% at 8.05 ETH, Pudgy -3% at 3.8 ETH; Stonkbrokers -7% to 9.95 ETH.

Quotrons (+80%), RH Machines (+33%) and Stackers (+35%) led top movers.

FWA introduced its FWAir launches as a new mechanism for creators to drop NFT collections on the FWA protocol.