#dailybrief

The CFTC escalated its preemption war over prediction markets by suing Louisiana, while a market drop triggered $2.05 billion in derivatives liquidations and stUSDT moved to wind down.

Deutsche Bank rolls out digital asset custody for European institutions, while Barclays expands its spot Bitcoin exchange-traded fund holdings.

FinCEN, the Federal Reserve, and the Labor Department have retreated from planned or existing digital asset restrictions, easing compliance burdens for foreign transfers and retirement plan fiduciaries.