President Donald Trump is expected to be in attendance when the administration’s new innovation committee — a crowd of crypto CEOs and leaders of prediction market and AI companies — sits for a White House meeting on Wednesday, said people briefed on the planning.
The chief executives of companies such as Coinbase, Ripple, Gemini, Robinhood, Polymarket and Kalshi are members of the new Innovation Advisory Committee at the Commodity Futures Trading Commission, but before they attend their first committee meeting on Thursday, the crypto CEOs will gather for the White House meeting, said the people, who asked not to be named, and participants have been told Trump is planning to attend.
The meeting, expected to be held at the Eisenhower Executive Office Building next door to the White House, is meant to get a policy dialogue started in some of the leading arenas for U.S. innovation. The roster at that meeting was also expected to include CFTC Chairman Mike Selig and other advisers, the people said. One of them added that Treasury Secretary Scott Bessent and Secretary of Commerce Howard Lutnick may attend.
White House spokespeople didn’t immediately respond to requests for comment on the plans.
Ondo Finance [ONDO] token prices were down 5.44% over the past week. It was reported that a team-linked wallet sent 4.019 million tokens worth around $1.4 million to the centralized exchange Coinbase.
While the transfer does not confirm a sale, it does signal increased ONDO supply in the near-term, especially given the momentum of the past week.
Ondo crypto token prices were back at a key support zone after breaking out of a bullish triangle pattern and climbing to the $0.42 supply zone.
In other news, Ondo Finance announced in a blog post that they submitted a no-action request to the SEC. In a limited set of circumstances, the relevant securities entitlements would also be represented in tokenized form on the Ethereum Mainnet, and held by onchain custodian BitGo to facilitate recordkeeping.
The SEC has not publicly responded to the request.
Assessing the ONDO downturn from the triangle pattern breakout
In a report towards the end of July, AMBCrypto warned of a potential bearish turn in the Ondo crypto token price action. The cited reason was a lack of steady buying pressure.
Since then, ONDO has slid by close to 24% in value, from $0.427 to $0.325 at the time of writing.
Source: ONDO/USDT on TradingView
Since May, the trading volume has declined. The breakout from the triangle pattern was not accompanied by a surge in buying volume, resulting in the price drawdown.
Moreover, the 1-day timeframe’s swing structure remained bearish. Therefore, traders can maintain their long-term bearish expectations until Ondo crypto closes a daily trading session above the $0.47 swing high.
Short-term Ondo crypto price expectations
Source: CoinGlass
The cumulative long leverage below $0.322, down to $0.302, significantly outweighed the cumulative short leverage overhead. There was a cluster of high-leverage short liquidations around $0.342.
However, because of the higher long leverage, it appeared likely that ONDO would fall toward $0.30 before seeing any bounce.
This is what short-term traders can expect over the next few days. A price bounce thereafter would depend on incoming capital flows and an uptick in buying pressure.
Final Summary
Ondo tokens worth $1.4 million were sent to Coinbase recently, and the bullish breakout from the triangle pattern has lost its momentum.
The long-term swing structure was bearish, and the short-term price expectations involved a slide to the $0.30 area.
Aug 13 (Reuters) – Advanced Micro Devices on Thursday launched a four-part debt offering that could raise between $4 billion and $5 billion, according to a source and terms reviewed by Reuters, as the chipmaker seeks funding flexibility amid a broader wave of tech-sector fundraising driven by investments in AI.
The offering includes senior unsecured notes due in 2029, 2031, 2033 and 2036.
Initial price discussions were set at about 70 basis points over U.S. Treasuries for the 3-year notes, 90 basis points for the 5-year tranche, 100 basis points for the 7-year notes and 115 basis points for the 10-year debt.
The company said it intends to use the proceeds for general corporate purposes, which may include the repayment of debt.
“AMD is committed to maintaining its strong financial balance sheet and we have strong investment grade ratings. We intend to leverage net proceeds from the offering for general corporate purposes,” an AMD spokesperson said.
The offering underscores how semiconductor companies are increasingly turning to capital markets as they race to fund AI-related investments, data-center expansion and manufacturing projects.
Earlier this week, Intel raised $20 billion in an upsized stock offering to help finance its contract chipmaking ambitions.
AMD also filed with the U.S. Securities and Exchange Commission earlier on Thursday in connection with the offering, though the filing did not disclose specific terms of the deal.
The debt sale comes as AMD continues to expand its AI and data-center businesses, where it competes with larger rival Nvidia and challenges Intel across multiple processor markets.
Bank of America, JPMorgan, Barclays and Wells Fargo are leading the debt sale, according to the term sheet. The bonds are expected to settle on August 17.
Earlier this month, AMD forecast third-quarter revenue above Wall Street estimates and said data-center sales would more than double by 2027, underscoring strong demand for its AI-focused chips.
(Reporting by Rashika Singh in Bengaluru; Editing by Shreya Biswas)
A federal bank regulator has granted World Liberty Trust Co. a conditional bank charter, it announced Friday.
The Office of the Comptroller of the Currency, the U.S. banking agency that grants federal charters, said in a letter posted to its website that World Liberty could operate fiduciary and other trust company-related activities as a national trust bank.
“This preliminary conditional approval is granted based on a thorough evaluation of all information available to the OCC, including the representations and commitments made in the application and by the Bank’s representatives,” the letter said.
Final approval won’t be granted until the company meets additional “preopening requirements,” the letter said.
According to the letter, World Liberty Trust Company will focus on services tied to World Liberty Financial’s USD1 stablecoin.
“The bank plans to issue USD1, a fiat currency-backed stablecoin, to institutional clients on a nationwide basis, assuming this role from BitGo Bank & Trust, National Association (BitGo), the current exclusive issuer and custodian for USD1,” the letter said. “The bank plans to provide its digital asset custody services as a fiduciary, primarily to USD1 customers and other institutional clients.”
On Friday, August 14, Bitcoin [BTC] briefly fell below the $63k mark, falling as low as $62,535. Incidentally, earlier in August, the same $62.5k area set up a Bitcoin price rebound up to $65.5k.
The BTC average production cost, or mining cost, stood at $76.5k. Despite a 17% drawdown from this price level, miners remained resilient.
Weak selling pressure from miners highlighted this point, and Bitcoin miner stocks have outperformed the leading crypto so far in 2026.
The latest rejection from the $65k supply zone underlined weakness from the bulls. However, there is whale accumulation behind the scenes. Here are some recovery signals to watch out for.
“June whale signal intact” but market recovery might need more activity onchain
Source: CryptoQuant
Crypto analyst Woominkyu used onchain data of BTC held by various wallet cohorts to understand what each of them was doing. Wallets holding 100 Bitcoin or more, which can be classified as whale wallets, have added 54,000 Bitcoin to their holdings since June 14.
Meanwhile, shark and retail wallets have been selling their holdings. Though whales were buying, the BTC price was stuck below the $65k supply zone.
Source: Axel Adler Jr.
The metric above shows the share of UTXOs whose current market price is above the price at which they last moved, or are in profit. The 30-day average is at 53.7%, compared to the yearly average of 74.6%.
Crypto analyst Axel Adler Jr. used this metric to demonstrate that there was continued stress among holders.
The only bright point is that the pace of deterioration in the 30-day average has slowed, evidenced by the slight bounce from 48% to 53.7% in recent days.
Source: Axel Adler Jr.
The 30-day moving average of the total Bitcoin transferred across the network saw a 23% boost from its April low at 627.7k BTC to 769.1k BTC now. The 30DMA is also above the 365-day moving average.
Sustained recovery in the total transfer volume would be a good sign of an uptick in activity. It is unclear, based on just this metric, if the moved BTC is being accumulated or distributed, if they are moved at a profit or at a loss.
Improvement in UTXOs in profit and increased coin movement would signal more robust onchain conditions, which could help signal a potential market recovery.
Final Summary
The Bitcoin price action has been stuck below the $65k supply zone in recent weeks, though whale wallets purchased 54,000 more BTC since mid-June.
Onchain activity is recovering faster than the share of coins in profit. A rise in the share of coins in profit, alongside higher Bitcoin transfer volume, would be a positive sign.
A new midyear report from Insurify, an online insurance comparison platform, projects that auto insurance premiums will increase in 32 states by the end of 2026. Rates have already risen in 27 states during the first half of the year, reversing last year’s national trend, when average premiums fell 6%.
The size of the increases varies widely by state. However, the report suggests that rising repair costs, more severe weather, and higher claim expenses continue to put pressure on insurers — and ultimately on policyholders.
Why car insurance rates are rising
Insurify’s data suggests that last year’s premium declines may have been short-lived.
“After rates fell in 2025, 2026 looks to be a year of normalization,” Matt Brannon, Insurify’s senior economic analyst and a licensed insurance agent, said in a press release. “Inflation, more expensive vehicle technology, and rising claims costs are often the types of factors underlying rate increases.”
One of the biggest drivers is the rising cost of repairing today’s vehicles. According to data from Insurify and the Bureau of Labor Statistics, auto maintenance and repair costs have climbed 45% over the past five years. Modern vehicles increasingly rely on cameras, sensors, and advanced driver-assistance systems that can make even relatively minor collisions more expensive to repair.
Weather is also playing a growing role. Kentucky, for example, has experienced a sharp increase in hail events over the past several years, contributing to more comprehensive insurance claims and higher premiums.
Even with recent declines, several states continue to have some of the nation’s highest average premiums for full coverage.
Source: Insurify. Average annual premium as of June 2026.
New York posted one of the largest year-over-year declines in the country, falling 13% since June 2025. That translated into average annual savings of roughly $431 per driver, according to Insurify. Even so, New York remains one of the country’s 10 most expensive states for car insurance.
States where car insurance may increase the most
Perhaps the most surprising finding isn’t that rates are increasing, but where those increases are happening.
Several historically lower-cost states are seeing some of the largest jumps. Insurify estimates car insurance rates will jump the most in these states:
States where car insurance may decrease the most
Meanwhile, several traditionally expensive markets moved in the opposite direction during the first half of the year and are expected to decrease overall in 2026.
The regional differences highlight how localized auto insurance has become. Repair costs, weather risks, state regulations, litigation trends, and claim frequency vary from state to state, so drivers in neighboring states can experience very different pricing trends.
Higher premiums could become a bigger household budget issue
Auto insurance has become one of many recurring household expenses that have climbed in recent years.
Although last year’s premium declines offered some relief, many drivers are still paying hundreds of dollars more than they were just a few years ago. Another round of increases could put additional pressure on household budgets, particularly in states where insurance costs are already well above the national average.
The issue may even carry political implications. According to Insurify, 29% of drivers said auto insurance costs will influence how they vote, while more than half believe elections affect insurance prices.
Ways drivers can try to offset higher costs
Even if premiums continue rising nationally, drivers aren’t necessarily stuck paying the first renewal price they receive. There are still moves that may help drivers save.
Shopping around for auto insurance remains one of the most effective ways to lower costs, since insurers assess risk differently and may offer widely varying quotes for the same driver. In fact, comparing car insurance rates at renewal time may become less of an occasional money-saving tactic and more of a regular part of managing insurance costs in an increasingly expensive market.
Raising deductibles is another way to save. It lowers car insurance premiums because the higher the deductible, the less the insurance company has to pay when a claim is filed.
Trying telematics for a discounted rate cuts down on costs. Most insurance companies now offer discounts through usage-based insurance. Drivers download an app or install a plug-in device that monitors mileage, driving habits, speed, and more.
Bundling home and auto coverage with the same insurance company often provides significant savings.
Maintaining a clean driving record lowers rates, but a careless at-fault accident or speeding ticket can lead to a rate increase.
Taking advantage of available discounts can also help offset premium increases. Ask about student discounts, senior discounts, military and veteran discounts, and any discounts for safe driving, taking a defensive driving course, or enrolling in traffic school.
World Liberty Financial, the cryptocurrency project backed by the Trump family, delayed plans to sell a token related to a resort in the Maldives, Bloomberg reported on Friday.
The token was planned to go on sale next year, giving investors a share of revenue from loans financing the Trump-branded resort, but this has been pushed back due to the Iran war disrupting travel in the region, according to the report, citing people familiar with the matter.
World Liberty Financial tapped real-world asset (RWAs) platform Securitize in February to help represent loan interests tied to the resort’s development as a digital token that could be traded onchain.
A World Liberty Financial spokesperson declined to comment, according to Bloomberg’s report. The company did not immediately respond when contacted by CoinDesk for additional comment.
The protocol’s native token WLFI rose by 2.7% on the news before giving back all of the gains and returning to parity. It is now down by 88.5% from its record high in September, 2025.
