adminNew York AG Seeks $36B From Kalshi Over ‘Illegal Gambling’
In recent developments, the CFTC asked a court to stop New York enforcing against the prediction market the day before the state filed. The development has drawn attention from traders…
Morning Minute: Coinbase Posts Surprise Loss as Crypto Trading Dries Up
In recent developments, plus, BTC is red this morning despite $233M in ETF inflows yesterday; and NY State is trying to shut down Kalshi and seeking $36B in damages Looking…
Coinbase Hits Record 10.3% Market Share Despite $359M Loss
In recent developments, coinbase Global (Nasdaq: COIN) captured an all-time-high 10.3% share of global crypto trading volume in the second quarter, even as the exchange posted a $359 million net…
NY Sues Kalshi, Demanding $100K Fine Per Illegal Bet
In recent developments, the lawsuit alleges that Kalshi acted as an unlicensed gambling operator, stressing that prediction markets meet the legal definition of gambling as the outcomes of event contracts…
Citadel buys bulk of Situational Awareness stock portfolio after AI rout: Rep…
In recent developments, situational Awareness retained about $10 billion in assets, including its Anthropic stake, after reportedly selling leveraged public stock positions to Ken Griffin’s Citadel. Looking closer, market participants…
Crypto Kiosk Scams Cost Texans $57M as Lawmakers Weigh a Ban
In recent developments, three states have already outlawed Bitcoin ATMs, and a committee chair says Texas will go further than regulating them. The development has drawn attention from traders and…
Lummis: CLARITY Act Framework ‘Is Not Working’ as Senate Stalls
In recent developments, sen. Cynthia Lummis (R-WY) said the current U.S. regulatory framework for digital assets “is not working” for the industry, consumers or law enforcement, pressing the Senate to…
Strategy Swings From $14B Profit to $8.2B Loss as Saylor Sells
In recent developments, strategy Inc. (Nasdaq: MSTR) posted an $8.22 billion quarterly loss as bitcoin’s price slide erased last year’s $14 billion gain. Regardless, the firm grew its BTC stack…
New York sues Kalshi over alleged illegal gambling operation
In recent developments, the lawsuit adds to a growing clash between New York and the CFTC over whether federally regulated prediction markets are subject to state gambling laws. Looking closer,…
BIS Project Agorá settles $1 million in tokenized cross-border payment trials
In recent developments, twenty-eight financial institutions and central banks completed real-value settlements across six currencies using tokenized central bank reserves and commercial bank deposits. Looking closer, market participants highlight key…