A Washington state judge has granted a preliminary injunction against Kalshi after rejecting its argument that federal commodities law overrides state gambling rules. The court found Washington is likely to prove its claims, but will not finalize the restrictions imposed on the prediction market until August. Court Says Federal Registration Does Not Displace State […]
Polymarket traders are pricing a 70% chance that bitcoin (BTC) touches $67,500 at some point in July, up from roughly 56% odds cited earlier this week, as the asset trades near $66,000. A Market Betting on a Modest Bounce Polymarket’s “What price will Bitcoin hit in July” market prices a range of outcomes rather than […]
The White House has agreed on an ethics package for the CLARITY Act and sent the language to Senate Republicans. President Donald Trump personally signed off on the provision, clearing what negotiators call the bill’s last major obstacle before a Senate floor vote. A Fresh Push After Months of Deadlock The Digital Asset Market CLARITY […]
Strategy raised $263.5 million through MSTR stock sales while reporting no bitcoin purchases, lifting its U.S. dollar reserve to $3.225 billion as its buying pause stretched into another week. Why Is Strategy Building a Larger Dollar Reserve? A growing cash reserve became the most notable development in Strategy Inc. (Nasdaq: MSTR)’s latest filing with the […]
Coinbase CEO Brian Armstrong pushed back on Sunday against fears that miners defecting to artificial intelligence (AI) threaten bitcoin, arguing the network’s built-in difficulty adjustment keeps blocks flowing no matter how much hash power leaves. The Argument Armstrong made the case in a post on X, wading into a debate that flared the same day […]
While the institution recognized that most jurisdictions are working to apply its recommendations, others are lagging, allowing criminal groups to use digital assets for their illicit purposes. The FATF alerted to the misuse of stablecoins and the risks of offshore VASPs. Financial Action Task Force Calls for Increased Oversight on Digital Assets The Financial Action […]
Billionaire venture capitalist Chamath Palihapitiya argued on Sunday that bitcoin bulls face a two-front squeeze, with speculative money migrating to prediction and equity markets while the energy that powers mining is worth more redirected to artificial intelligence (AI). A Two-Front Squeeze The Social Capital founder’s argument, highlighted in a post on X, states that the […]