The Senate Banking Committee postpones its market structure markup and the NCAA calls for a time out on prediction markets.

You're watching Coin Desk Daily. I'm your host, Jen Sanassi.

Bitmine immersion technologies, the largest corporate holder of ETH, led by Tom Lee, is betting big on the

creator economy with a $200 million investment in Mr. Beast's company. The deal gives BitMine a

stake in Jimmy Donaldson's 450 million subscribers and the popular Feast Tables brand, but this isn't

just a media play. The company's plan to launch a financial services platform leveraging decentralized finance.

Beast Industries CEO Jeff Hausenbold says the cash will help build the most impactful entertainment brand in the world.

The move aligns with previous trademark filings for Mr. Beast Financial, which hinted at crypto capabilities.

For Bitmine, which holds $13.6 billion in ether,

the partnership offers a direct line to onboard Gen Z into the crypto ecosystem.

The Senate Banking Committee has postponed its landmark vote on crypto market legislation,

which was originally scheduled for Thursday.

Chairman Tim Scott announced the delay late Wednesday after major industry player

Coinbase publicly withdrew its support for the bill. The collapse of the vote follows

intense debate over ethics provisions as the Democrats demand to ban President Trump and his

family from profiting from crypto ventures. In an exclusive interview, Senator Scott argued

these ethics rules belonged in a separate committee, not the

market structure bill. However, deep divisions over stable coin yields and the sudden loss of

industry backing forced lawmakers back to the drawing board. And the NCAA is calling for a timeout

on crypto prediction markets, asking the CFTC to suspend all contracts related to college

sports.

In a letter to the commodities regulator, the NCAA argued that platforms like Polymarket are effectively running unlicensed sports books without the necessary age or consumer protections.

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