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 “are uncertain and outside the control of the bettor or hinge on a game of chance.” New York Alleges Kalshi Violated State Laws Operating an Unlicensed Gambling Business …
Continue reading “NY Sues Kalshi, Demanding $100K Fine Per Illegal Bet”
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 loss on revenue that missed Wall Street estimates. Market Share Climbs for a Third Straight Quarter Coinbase disclosed the milestone in its second-quarter 2026 earnings release yesterday, calling …
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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 11% to 843,775 coins but kept selling to fund shareholder payouts. Holdings Grow Even as Sales Continue Strategy disclosed the results in its second-quarter 2026 financial report, published …
Continue reading “Strategy Swings From $14B Profit to $8.2B Loss as Saylor Sells”
The European Central Bank proposed accessibility standards for its planned digital euro app, saying it would be one of several ways users could access basic digital euro services. The European Central Bank (ECB) said Thursday its planned digital euro app will exceed the accessibility requirements of the European Accessibility Act. The proposed design includes enhanced …
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Crypto forensics company AMLBot launched an AI-enabled tool allowing users with no specialist knowledge to trace their digital assets, even after they are stolen. Crypto forensics and compliance company AMLBot has launched its AI Tracer, described as a self-service blockchain analysis tool that maps visible fund movements from a transaction hash across blockchain networks. AMLBot …
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President Trump is weighing tighter controls on artificial intelligence in response to recent cybersecurity failures at OpenAI. Trump told reporters his administration seeks to balance stronger safeguards with maintaining U.S. leadership in the field, reports BBC. The remarks mark a notable pivot from the administration’s previously lighter-touch stance on the technology. They follow OpenAI’s disclosure …
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Situational Awareness retained about $10 billion in assets, including its Anthropic stake, after reportedly selling leveraged public stock positions to Ken Griffin’s Citadel. Ken Griffin’s Citadel reportedly bought a large proportion of the public stock portfolio of Situational Awareness, the hedge fund founded by former OpenAI researcher Leopold Aschenbrenner. The Financial Times first reported Thursday …
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Twenty-eight financial institutions and central banks completed real-value settlements across six currencies using tokenized central bank reserves and commercial bank deposits. The Bank for International Settlements (BIS) said Project Agorá completed real-value testing of tokenized wholesale cross-border payments, with 28 financial institutions and central banks settling 800,000 Swiss francs ($1 million) across 17 transaction scenarios. …
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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. [Update 11:45 UTC, July 31: Adds Kalshi’s response in the sixth and seventh paragraphs.] New York has sued prediction market platform Kalshi, alleging it operates an illegal, unlicensed gambling business …
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Jackson County in Missouri has approved a proposed settlement that will return roughly $250 million in property tax relief to affected homeowners. The agreement resolves claims involving assessments that surpassed the state’s mandated 15% limit on increases for residential properties, reports KCTV5. More than 207,000 properties qualify for the relief, which includes tax credits spread …
A former federal law enforcement officer has admitted to diverting cash sent by elderly victims to fund a lavish lifestyle. The individual, Scott Kelley of Pembroke, Massachusetts, who led a mail fraud unit in Boston, faces dozens of federal charges after allegedly intercepting nearly 2,000 packages containing money mailed by elderly targets, reports the New …
DeFi risk management service LlamaRisk recommended that Aave wind down every reserve on Sonic, Scroll, zkSync, Metis, Soneium and Aptos, but action against most of those instances was already taken. An Aave governance proposal would wind down the lending protocol’s V3 markets on six blockchains and retire dozens of low-use token listings, a cleanup covering …
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RWA perpetual futures reached 99.2% of Bitcoin perpetual volume on Hyperliquid and Binance as tokenized equities led trading. Perpetual futures tied to tokenized stocks and commodities generated nearly as much trading volume as Bitcoin perpetuals on two of the largest venues for the products over the past week, according to Talos. Combined seven-day volume across …
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BlackRock’s IBIT led $233.1 million in daily inflows as US spot Bitcoin ETFs turned positive for the week and July stayed on track to end in the green. US spot Bitcoin exchange-traded funds (ETFs) posted their strongest daily inflows in more than three weeks on Thursday, attracting $233.1 million. BlackRock’s iShares Bitcoin Trust (IBIT) led …
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Institutional investors accounted for 72% of Wintermute’s spot OTC flow in the first half of 2026 as capital clustered in fewer tokens and altcoin rallies became more selective. Crypto’s next altcoin season may produce fewer winners as institutional investors concentrate their activity in a narrower group of digital assets, according to crypto market maker Wintermute. …
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