Washington’s ruling adds to growing state pressure on Kalshi as courts weigh gambling laws against federal oversight. State regulators are stepping up efforts to rein in sports prediction markets. Washington has joined a growing number of states challenging Kalshi, arguing its event contracts violate local gambling laws. While the latest...
Wanchain Cardano Bridge Exploited, 515M NIGHT Drained From Treasury
BlockSec linked the exploit to a suspected signature validation flaw in Wanchain’s TreasuryCheck validator. Midnight said the incident only affected Wanchain’s bridge infrastructure, not the Midnight blockchain. NIGHT fell over 30% as investigators examined the reported $9 million bridge treasury drain. A reported exploit targeting Wanchain’s Cardano-to-BNB Chain bridge has...
UK Parliament Opens Probe Into Banks Blocking Crypto Businesses
UK Parliament investigates banking restrictions affecting crypto businesses nationwide. Lawmakers seek industry evidence on account closures and payment restrictions. Inquiry may shape future UK banking policies for regulated crypto companies. The UK Parliament has launched a cross-party inquiry into claims that banks are limiting access to financial services for cryptocurrency...
Base Takes Aim at Robinhood With 1:1 Backed Tokenized Stocks
Base and Coinbase plan tokenized stocks backed 1:1 by real company shares. Robinhood leads EVM tokenized equities, but Base targets direct ownership benefits. Regulatory clarity and product details remain key before the planned launch proceeds. Base is preparing to enter the tokenized equities market with Coinbase through a planned product...
Trump Clears Final Hurdle for Landmark Crypto CLARITY Act
Trump backs ethics language for the CLARITY Act, clearing a major hurdle as the Senate prepares to advance the crypto bill. The CLARITY Act may be moving closer to the Senate floor after weeks of private negotiations. Multiple industry sources now say the White House has accepted ethics language tied...
Hyperliquid HIP-4 Could Transform Prediction Markets With HYPE Staking
Hyperliquid’s HIP-4 brings permissionless prediction markets, HYPE staking, builder rewards, and validator oversight. Hyperliquid is preparing to expand beyond perpetual futures with a new testnet upgrade focused on prediction markets. The protocol’s HIP-4 proposal introduces permissionless deployment for outcome markets, allowing qualified builders to launch event-based contracts. The rollout also...
Arthur Hayes Extends ETH Buying Spree as Whale Demand Accelerates
Arthur Hayes has added to his ETH position again as onchain wallets, staking flows, and BlackRock’s ETHB fund keep Ethereum in focus. Arthur Hayes is back in Ethereum. Onchain trackers and market reports show the BitMEX co-founder rebuilding his ETH exposure after a June exit. Whale wallets are also moving...
Tether Gold XAU₮ Wins ADGM Approval in Major UAE Crypto Milestone
Tether Gold (XAU₮) wins ADGM approval, allowing regulated firms in Abu Dhabi to offer services tied to tokenized gold. The United Arab Emirates has taken another step in expanding its regulated crypto market. Tether Gold (XAU₮) has received recognition as an Accepted Spot Commodity within Abu Dhabi Global Market (ADGM). ...
Bitcoin Faces Key Test as $65K Hangs on Wall Street Open
Bitcoin held near $64,200 before Monday’s Wall Street open as traders watched semiconductors, ETF flows, and the $62,500 to $65,000 range. Bitcoin is entering Monday’s Wall Street open with a tight range still intact. The crypto price held near $64,200 through the weekend after Friday’s selloff in stocks dragged sentiment...
Strategy Skips Bitcoin Purchases Despite $263.5M MSTR Share Sale
Strategy sold $263.5M in MSTR shares but made no Bitcoin purchase, keeping its holdings at 843,775 BTC and boosting cash reserves. Strategy ended another week without adding to its Bitcoin holdings despite raising fresh capital through its at-the-market share program. The company disclosed that it sold millions of MSTR shares...