President Donald Trump is reportedly preparing to nominate Michael Selig, the Securities and Exchange Commission’s crypto task force chief counsel, as the next chair of the Commodity Futures Trading Commission. This strategic move signals a major shift in the administration’s approach to digital asset oversight and represents a significant political victory for cryptocurrency advocates, particularly Gemini founders Tyler and Cameron Winklevoss. The nomination follows the White House’s withdrawal of Brian Quintenz’s earlier nomination after intensive lobbying efforts by industry stakeholders.
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AI Chatbots Weigh Pi Network’s $1 Price Target Chances
Pi Network’s PI token has emerged as one of the worst-performing cryptocurrencies in recent months, trading around $0.20 after a staggering 30% monthly decline and a massive collapse from its February 2024 peak of $3. When four leading AI chatbots were asked whether a rally to $1 is achievable this quarter, the consensus revealed significant skepticism, with most predicting modest gains at best and continued downward pressure at worst.
read moreTrump Taps SEC Crypto Chief for CFTC, Backed by Winklevoss
President Donald Trump has nominated Michael Selig, the SEC’s Crypto Task Force Chief Counsel, to lead the Commodity Futures Trading Commission, signaling unprecedented coordination between financial regulators on pro-crypto policies. The selection represents a major political victory for crypto billionaires Tyler and Cameron Winklevoss, who successfully lobbied against the previous nominee. Selig’s appointment comes at a critical juncture for the severely understaffed CFTC as it faces massive new responsibilities in regulating both cryptocurrency and emerging prediction markets.
read moreBlockchain.com Secures MiCA License in Malta Amid EU Scrutiny
Blockchain.com has secured a pivotal Markets in Crypto-Assets Regulation (MiCA) license in Malta, positioning the island nation as its European operational hub while joining peers like Gate and Gemini in leveraging Malta’s gateway to the EU market. This strategic move unfolds against a backdrop of heightened regulatory scrutiny from European authorities, who have raised alarms about inconsistent supervision and potential ‘forum shopping’ within the new crypto regime.
read moreNovogratz: Bitcoin $250K Unlikely Without Major Catalysts
Galaxy Digital CEO Mike Novogratz has tempered expectations for Bitcoin reaching $250,000 by year-end, calling such a move highly improbable under normal market conditions. Instead, he suggests a more realistic range of $100,000 to $125,000 unless extraordinary catalysts emerge. The crypto veteran’s caution is supported by on-chain data showing current market consolidation and profit-taking behavior among long-term holders.
read moreAustralian Crypto Traders Favor Ethereum, Meme Coins
Australian cryptocurrency investors are charting a distinctive course in the digital asset landscape, with new data from Kraken revealing a pronounced preference for Ethereum and meme coins over traditional Bitcoin holdings. Analysis of anonymized wallet data from August 2024 to August 2025 shows Australian portfolios contain nearly double the global average of Ethereum, while Bitcoin’s value share in local wallets sits significantly below international benchmarks. This divergence reflects what Kraken’s Jonathon Miller describes as Australia’s unique blend of cultural attitude and strategic diversification among traders.
read moreAI Crypto Trading Challenge: DeepSeek Leads Viral Competition
A viral trading competition is testing seven major AI models in live crypto trading with $10,000 accounts on Hyperliquid’s on-chain platform. After four days, DeepSeek and Claude lead with 10% portfolio gains, while ChatGPT has failed to execute any successful trades out of 25 attempts. The Alpha Arena challenge by AI research lab Nof1 provides unprecedented transparency into how different AI systems approach cryptocurrency markets.
read moreX Launches $1M Handle Marketplace for Premium Users
X is launching a handle marketplace allowing Premium subscribers to buy or rent inactive usernames for up to $1 million, creating a new revenue stream by treating desirable handles as digital real estate amid declining advertising income. The platform’s two-tier system offers both subscription-dependent rentals and permanent acquisitions, formalizing what was previously an underground market while raising questions about digital ownership and transparency.
read moreGemini Launches Solana Credit Card with Auto-Staking
Gemini has expanded its cryptocurrency credit card portfolio with a Solana-themed card featuring an innovative auto-staking capability, allowing users to earn SOL rewards on everyday purchases while automatically compounding their returns. The new offering builds on the exchange’s existing Bitcoin and XRP cards but introduces a groundbreaking feature that enables instant staking of earned rewards for up to 6.77% APY, marking a significant evolution in crypto-backed payment solutions.
read moreAI Predictions: Pi Network Token Faces Bearish Week Ahead
Pi Network’s native token PI has suffered a catastrophic 93% collapse from its initial trading peak, now desperately clinging to the $0.20 support level as three major AI platforms deliver overwhelmingly bearish forecasts for the coming week. ChatGPT, Grok, and Gemini collectively paint a grim picture for the cryptocurrency, highlighting critical technical levels and market conditions that could determine whether PI stabilizes or continues its precipitous decline.
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