Headlines

Minnesota loses first round against Kalshi, Polymarket

Minnesota’s prediction market ban remained blocked on Aug. 2, one day after the law was scheduled to take effect.  Summary July 27 injunction keeps Kalshi and Polymarket operating while Minnesota’s preemption case continues in court. Walz barred state employees from using confidential information to trade prediction markets for private benefit. Fairshake reported $126.97 million cash…

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Bam Aquino Urges House to Pass CADENA Act as Blockchain Budget Bill Stalls in Congress

Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. Senator Bam Aquino is calling on the House of Representatives to act on a long-delayed measure that would log the Philippine government’s spending on an unalterable blockchain ledger. Despite securing Senate approval and earning a…

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CLARITY Act Faces New Senate Threat Over Trump Crypto Gains

Key Takeaways New analysis renews Democratic objections to the CLARITY Act over Trump’s crypto ventures. Trump reported approximately $1.4 billion in 2025 crypto income. The renewed dispute could complicate the bill’s Senate passage. New Senate Analysis Examines Trump’s Crypto Businesses Minority staff for the Senate Banking, Housing, and Urban Affairs Committee announced a new analysis…

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Bitcoin ETFs gain fresh case after $89M Coldcard drain

Bloomberg Intelligence senior ETF analyst Eric Balchunas said on Aug. 2 that the Coldcard security failure strengthens the case for U.S. spot Bitcoin ETFs, especially for investors who want long-term price exposure without managing private keys.  Summary Galaxy traced 1,367.05 BTC across 4,585 addresses, valuing observed Coldcard losses near $88.6 million total. Balchunas argued institutional…

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