crypto

Hawaii crypto ATM ban to take effect on Oct. 1

Hawaii will join Minnesota, Tennessee and Indiana in becoming the fourth US state to completely ban the use of cryptocurrency ATMs and kiosks in response to scams.

Cointelegraph

Goldman Sachs to acquire ETF manager NEOS in $2.25B deal

The deal would add NEOS’ $30 billion ETF business, including Bitcoin- and Ether-linked income funds, to Goldman Sachs Asset Management.

Cointelegraph

NYC council announces probe into ‘predatory marketing practices’ on prediction markets

Council Speaker Julie Menin sent letters to four companies offering prediction market services to New Yorkers as part of an investigation into their marketing practices.

Cointelegraph

Kraken adds S&P 500 to funded trading program, commodities to follow

Kraken’s funded trading program adds round-the-clock exposure to the US equity benchmark as it builds out its multi-asset offering.

Cointelegraph

Bitwise cuts 14% of staff while still expecting growth

Crypto companies from including Coinbase, BitGo, Robinhood, Polygon and Pump.fun have announced workforce reductions this year, citing a variety of reasons, including shifting to AI and market forces.

Cointelegraph

Goldman Sachs leaps into bitcoin income ETFs with $2.25 billion NEOS buyout

The $2.25 billion deal expands Goldman’s derivative platform to $130 billion in total ETF assets, taking direct aim at BlackRock's rival BITA fund, according to an analyst.

CoinDesk

FlightAware drops Kalshi lawsuit one day after filing

Following the initial lawsuit, at least one of Kalshi’s event contracts was changed to list “Primary Source Agency” as the entity behind verifying flight cancellation data.

Cointelegraph

Bank of England tests stablecoin, digital pound interoperability in cross-border payments

The Digital Pound Lab is testing a cross-border trade finance flow combining stablecoin payments with simulated digital pound settlement.

Cointelegraph

Wintermute plans $1 billion AI push beyond crypto: Bloomberg

The firm aims for non-crypto markets to drive over 50% of revenue by 2027, up from 10% currently, as it seeks to diversify its business.

CoinDesk

Solana platform taps prediction market Kalshi for Wall Street-style high-speed data feed

Solana-based DoubleZero looks to meet institutional demands by adding prediction market Kalshi’s order book to its low-latency market data feed.

CoinDesk

HashKey begins beta distribution of Hong Kong-regulated HKDAP stablecoin

HashKey has become an authorized distributor for Anchorpoint’s HKDAP, expanding institutional access as Hong Kong’s regulated stablecoin market takes shape.

Cointelegraph

Bitcoin eyes $63K as US CPI relief sends September Fed rate pause odds to 60%

Bitcoin price action did not reflect relief in US CPI inflation numbers matching expectations amid a warning over $63,000 failing as support.

Cointelegraph

Miden bets on privacy stablecoins with introduction of USDCx

USDCx will let users transact without publicly exposing balances, counterparties or transaction histories, while allowing selective disclosure for compliance.

CoinDesk

Crypto Long & Short:

In this week's Crypto Long & Short, LMAX Group's Jenna Wright argues that markets break down not from too little capital but from capital stuck in the wrong place, trapped by settlement cycles while risk reprices by the minute. She makes the case that stablecoins and tokenization are quietly becoming the plumbing that lets money move as fast as the risk it supports.

CoinDesk

Kalshi launches sports and crypto perps data feed on DoubleZero

Kalshi launched access to its sports and crypto perpetual data feed through DoubleZero’s dedicated fiber network to bolster institutional data access.

Cointelegraph

Smart contract blockchain Solana nearly froze Wednesday, Marinade Finance says

CoinDesk

Slovenia joins EU’s MiCA stablecoin register with first issuer

Slovenia entered the EU’s MiCA stablecoin register through electronic money institution Dinaro, as the update also added two new CASPs.

Cointelegraph

El Salvador’s Bitcoin experiment turns 5: ‘It was for us, not them’

Five years after El Salvador made Bitcoin legal tender, the experiment has fallen short of its original promises for locals, but it’s been great for Bitcoin’s global profile.

Cointelegraph