Nine Democratic senators have written to Michael Selig, chairman of the Commodity Futures Trading Commission (CFTC), demanding a ban on prediction market event contracts related to wildfires. They argue that such contracts could encourage arson, insider trading, and endanger public safety. The senators cited Polymarket's acceptance of over $1.2 million in bets related to the 2025 Palisades and Eaton fires in California. They also noted that some new platforms allow users to bet on wildfires, making these markets a form of speculation on destructive events. The senators stated that the CFTC should regulate such betting before next year's wildfire season begins and establish safeguards in the U.S. and offshore markets. Recent controversy surrounding prediction market regulation continues, with cases in Minnesota, Kentucky, and Michigan involving federal and state regulatory jurisdiction.

Odaily Planet Daily reports that Wells Fargo will launch a tokenized deposit service for corporate clients this fall, initially supporting USD/GBP transactions. The service will integrate with its existing payment platform, allowing eligible transactions to automatically utilize tokenized deposits for faster speeds, better scheduling, or greater flexibility. Wells Fargo states that the system supports 24/7 transfers, including weekends and holidays, and plans to add programmable payment functionality, releasing funds after preset conditions are met. These deposits will remain bank liabilities and retain the regulatory protections and deposit insurance eligibility associated with its traditional products. Magmar, co-CEO of Cosmos Labs, stated that Wells Fargo's blockchain is built using Cosmos technology. Wells Fargo plans to expand its service to cover more customers, countries, and currencies by 2027.

According to an article published on the X platform by BitcoinTreasuries.NET, Nordea, a Nordic banking giant with assets of $582 billion, disclosed that it has increased its holdings of Bitcoin treasury company Strategy MSTR by 3,231 shares, worth $317,000. Nordea now holds a total of 29,767 shares of Strategy MSTR, worth $2.92 million.

Odaily Planet Daily reports that JPYC Inc., a Japanese yen-denominated stablecoin operator, announced an expanded Series B funding round, bringing its total funding to approximately 6 billion yen (about $38 million). The latest investment includes approximately 1 billion yen (about $6.3 million) from Tokyo-listed logistics company AZ-COM Maruwa Holdings. Its main business is operating the JPYC stablecoin, pegged 1:1 to the Japanese yen. JPYC is scheduled to launch in October 2025 and will become the first digital currency registered as a formal electronic payment instrument under Japan's revised Payment Services Law. Each JPYC is backed by yen bank deposits and Japanese government bonds, and holders can exchange it for regular yen as needed. AZ-COM Maruwa Holdings plans to use JPYC to pay approximately 2,300 business partners and independent contractors for transportation work and outsourcing fees, primarily covering truck drivers and subcontractors. The company is also developing a dedicated wallet application and plans to link payments with delivery confirmation records, potentially through GPS tracking or smart contracts.

MyToken data monitoring shows that on 【August 7th, 01:49】 (Beijing Time), an address starting with 【0x55fe】 transferred 【84000000 USDC】 to an address starting with 【0xa0b8】, with a total value of approximately 【84.06 million】. Real time monitoring of large transfers：https://www.mytokencap.com/large-transfers/