"Futures on the world's most popular cryptocurrency surged as much as 26% in their debut session on Cboe Global Markets Inc.'s exchange, triggering two temporary trading halts designed to calm the market," per Bloomberg:

  • "Initial volumes exceeded dealers' expectations, while traffic on Cboe's website was so heavy that it caused delays and outages."
  • Why it matters: "The launch of futures on a regulated exchange is a watershed for bitcoin, whose surge this year has captivated everyone from mom-and-pop speculators to Wall Street trading firms. "

Be smart: "The new gold," or a tulip craze? Bloomberg View brings us Bitcoin in one sentence: "No one's in charge."

Go deeper: A quarter trillion dollars is at risk when bitcoin crashes — and that’s just for starters

Go deeper

Updated 6 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Global: Total confirmed cases as of 10:30 p.m. ET: 20,532,835 — Total deaths: 747,845— Total recoveries: 12,743,275Map.
  2. U.S.: Total confirmed cases as of 10:30 p.m. ET: 5,193,266 — Total deaths: 165,934 — Total recoveries: 1,714,960 — Total tests: 63,252,257Map.
  3. Politics: Pelosi says Mnuchin told her White House is "not budging" on stimulus position.
  4. Business: U.S. already feeling effects of ending unemployment benefits.
  5. Public health: America's two-sided COVID-19 response America is flying blind on its coronavirus response.
  6. Education: New Jersey governor allows schools to reopenGallup: America's confidence in public school system jumps to highest level since 2004.
Updated 25 mins ago - Health

World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

France reported more than 2,500 new COVID-19 cases in 24 hours — the largest single-day number since May. French officials said the situation was "clearly worsening," per France 24.

By the numbers: Over 745,600 people have died of the novel coronavirus globally and over 20.4 million have tested positive, per Johns Hopkins. Almost 12.7 million have recovered from the virus.

36 mins ago - Health

U.S. reports 1,485 coronavirus deaths in a single day

Healthcare workers handling coronavirus tests in Los Angeles on August 11. Photo: Mario Tama/Getty Images

The U.S. reported 1,485 deaths due to the coronavirus on Wednesday, COVID Tracking Project data shows.

Why it matters: It's the highest single-day COVID-19 death toll since May 15, when the country reported 1,507 deaths. The U.S. has seen a total of 157,758 deaths from the virus.