crypto5 months ago
Kentucky sues Kalshi, Polymarket, joining prediction market legal battle
Kentucky has sued Polymarket, Kalshi and Kalshi’s partners Coinbase, Robinhood and Webull, over offering sports event contracts in the state.
Cointelegraph
crypto
The latest crypto headlines, updated continuously. · Page 260
crypto5 months ago
Tether winds down gold-backed derivative stablecoin aUSDT
Tether is focusing on stronger user demand, deeper liquidity, and broader long-term market opportunity for its leading products.
Cointelegraph
crypto5 months ago
Crypto market treads thin ice following Warsh FOMC, Trump Iran comments
Markets wobbled after mixed comments from President Trump on the Iran peace deal and Fed Chair Kevin Warsh signaling a new direction from the Federal Reserve.
Cointelegraph
crypto5 months ago
Gaming groups urge Congress to ban prediction markets sports betting in CLARITY Act
Gambling industry groups want the US Senate to step in to clarify that the Commodity Futures Trading Commission does not have the authority to oversee prediction markets.
Cointelegraph
crypto5 months ago
Kentucky targets prediction markets, puts red state in potential clash with Trump team
President Donald Trump has taken the stance that states have no business with firms like Kalshi and Polymarket, and now a staunch GOP state is defying that view.
CoinDesk
crypto5 months ago
Crypto-backed GOP candidate wins Alabama Senate runoff with June primaries looming
Several more US states are scheduled to hold primaries next week after one Republican candidate won in Alabama on Tuesday after a crypto company-backed PAC used what it called its “biggest spend of the cycle.”
Cointelegraph
crypto5 months ago
Fidelity joins Wall Street's race to manage stablecoin reserves
Following State Street, Fidelity is targeting reserve assets that underpin the expanding stablecoin market.
CoinDesk
crypto5 months ago
Bitcoin capitulation ‘twice as weak’ after spot liquidity turns supportive: Glassnode
Bitcoin’s realized losses fell by 46% as increasing bid-side liquidity points to easing sell pressure. Can bulls push BTC price back above $70,000?
Cointelegraph
crypto5 months ago
Blockchain.com deepens onchain stock offerings as tokenized equities market grows
The rollout in collaboration with Ondo Finance broadens access to tokenized traditional assets as demand for onchain stocks and ETFs continues to grow.
Cointelegraph
crypto5 months ago
Here is how Coinbase plan to survive the crypto downturn by ditching its reliance on trading fees
Analysts say the exchange's push into derivatives, payments and infrastructure broadens its growth story beyond crypto trading.
CoinDesk
crypto5 months ago
Altcoin selling tops $266B as capital rotates out of crypto: Is altseason extinct?
Altcoin spot demand fell to its weakest level in six years while the stablecoin market cap, stocks and AI industry continued to capture investors’ attention.
Cointelegraph
crypto5 months ago
Bitcoin layer-2s face a bear-market reality check
Botanix's shutdown has raised an uncomfortable question for Bitcoin builders: Does the market actually want programmable BTC, or just a better way to borrow, lend and earn yield on it?
CoinDesk
crypto5 months ago
FIFA wanted Avalanche's blockchain to help curb World Cup ticket scalping. Here's how it's going
In this week's edition of The Protocol Newsletter, we're looking at how FIFA is using the Avalanche blockchain to test out a new ticketing system.
CoinDesk
crypto5 months ago
Fed holds rates steady in first decision under new Chairman Kevin Warsh
The accompanying policy statement and updated economic projections, however, took a hawkish turn.
CoinDesk
crypto5 months ago
Kalshi adds software partner as it looks to boost prediction market surveillance
The collaboration comes as US state regulators and the CFTC battle over oversight of event-based contracts.
Cointelegraph
crypto5 months ago
US lawmakers warn against presidential pardon for Sam Bankman-Fried
The former FTX CEO is currently serving a 25-year sentence after being found guilty on seven felony charges related to the misuse of customer funds.
Cointelegraph
crypto5 months ago
Crypto industry aghast at Illinois' new tax on holding or transferring digital assets in state budget
The 0.2% tax on any business activity involving digital assets was added last-minute, and is unlikely to change, two people familiar with the matter said.
CoinDesk
crypto5 months ago
Crypto Long & Short: The measure of a maturing market
In this week's Crypto Long & Short, trusted indexes turn fragmented digital assets into a mature market that big institutions can confidently invest in, writes Kirsten Wegner. Then, the division between traditional finance (TradFi) and crypto is disappearing, says Dave LaValle, President of CoinDesk Data & Indices.
CoinDesk