Washington blinked on crypto rulemaking, then the tape stayed quiet. The SEC marked its Friday open meeting cancelled. That session was supposed to consider a proposal for a tailored offering regime covering certain crypto-asset investment contracts. Gemini, now a public company, posted a $107.7 million second-quarter net loss as exchange volumes kept sliding. Baltimore sued Kalshi and Polymarket as unlicensed sportsbooks. U.S. spot bitcoin ETFs printed a $61.1 million net outflow on August 12.
As of the 00:15 UTC market snapshot on August 14, 2026, bitcoin traded around $63,448 (+0.1% over 24 hours), ether around $1,884.72 (+0.4%), and solana around $76.15 (+1.0%). Global crypto market cap sat near $2.26 trillion, with bitcoin’s share about 56.2%. The range is still the story. Primary documents are below. For more tape context, see our market snapshot guide and the spot ETF glossary.
SEC cancels Friday meeting on a tailored crypto offering regime
The SEC's open-meeting page for Friday, August 14, 2026, is marked cancelled. The agenda had one item: whether to issue a proposing release for a tailored offering regime covering certain investment contracts that involve crypto assets. The related Sunshine Act notice, dated August 10, had set the session for 10:00 a.m. ET at headquarters with a public webcast. The cancelled listing does not name a replacement date, so the draft Regulation Crypto Assets text stays unpublished for now.
Gemini posts a $107.7 million Q2 loss as exchange volume slides
Gemini Space Station posted second-quarter total revenue of $45.5 million, up 37% year over year, and a $107.7 million net loss, 19% smaller than a year earlier. Exchange revenue fell 38% to $12.5 million as trading volume dropped to $3.8 billion from $11.3 billion, while credit-card and staking services lifted services and interest income to $26.0 million. Operating expenses fell 15% sequentially to $122.4 million, but transaction losses rose to $20.1 million after a $16.1 million provision tied to an identity-fraud cohort on the card book. Assets on platform were $8.4 billion, versus $18.2 billion in Q2 2025, and cash ended at $188.6 million.
Baltimore sues Kalshi and Polymarket as unlicensed sportsbooks
Mayor Brandon M. Scott and the City Council of Baltimore filed suits in the Circuit Court for Baltimore City on August 13 against Kalshi, Polymarket, and affiliated companies. The complaints say the firms let city residents bet on game winners, spreads, totals, and player stats, then label those wagers as event contracts. Baltimore argues that packaging violates the city's Consumer Protection Ordinance and Maryland gambling law because the platforms lack sports-betting licenses. The city seeks civil penalties, injunctive relief, restitution, and disgorgement.
CFTC sets an Aug. 20 IAC agenda covering crypto, AI, and prediction markets
CFTC Chairman Michael S. Selig released the agenda for the Innovation Advisory Committee's first meeting on Thursday, August 20. Attendees will discuss regulation of crypto assets, artificial intelligence, and prediction markets. The session will stream on CFTC.gov, and the public may submit comments through August 27 once the Federal Register notice is live. This is a consultative meeting, not a Commission vote on new rules, and the agenda can still change.
ether.fi Summer app adds tokenized stocks and Aave portfolio loans
ether.fi published its Summer neobank release on August 13. The app now offers tokenized stocks and metals through xStocks, held in non-custodial vaults with social recovery, plus a new Aave market on Optimism so users can borrow against a full portfolio at DeFi rates the firm says are around 4%. New on- and off-ramps add more than 30 currencies and rails including Apple Pay, Cash App, and Interac. Tokenized stock and metals trading is not available in the United States and some other markets. ether.fi says it has more than 500,000 members and a $2 billion annual transaction run-rate; it is not a bank and does not offer FDIC insurance.
U.S. spot bitcoin ETFs post a $61.1 million net outflow on August 12
U.S. spot bitcoin ETFs recorded a $61.1 million net outflow on August 12, according to Farside Investors' full-data table. Fidelity's FBTC accounted for $46.8 million of redemptions and BlackRock's IBIT for $14.3 million. Other listed funds printed zeros that session. August 13's row was still incomplete at our check, with dashes on IBIT and FBTC, so we are not treating that line as a finished print. The August 12 outflow keeps the flow tape choppy rather than one-way.
Securitize grows tokenized AUM to $4.3 billion as Q2 revenue slips
Securitize reported second-quarter results on August 12, days after listing on the NYSE on July 2. Average tokenized assets under management were $4.3 billion, up 16%. Total revenue was $14.4 million, down 5% from a year earlier, and net loss was $21.7 million, or $2.37 per diluted share. Aggregate transaction volume rose 147% to $5.3 billion. CEO Carlos Domingo said about $5.0 billion is now managed onchain, with more than seven assets above $100 million each, and the firm tokenized its own common stock at listing.
Tempo pitches embedded stablecoin Earn, naming Deel's contractor wallet
Tempo, a payments-first Layer 1 incubated by Stripe and Paradigm, is pitching Earn as an embedded product so platforms can put idle stablecoin balances to work. The company page says assets can span credit, lending, cash, and treasuries, with the platform choosing how rewards split between itself and users. Tempo names Deel's contractor wallet as the live example: workers can hold dollar-backed balances, opt into rewards, and spend by card. Funds are meant to stay liquid for payments, with optional privacy zones and chain-level access rules.
