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…
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…
PayPal processed a record $486.4 billion in payments during the second quarter and created a dedicated crypto division as it expands its digital asset strategy. PayPal has reported $486.4 billion in total payment volume for the second quarter on July 28, up 10% year over year. It also confirmed a reorganization that hands crypto…
Ripple Director of Engineering Vijay Khanna urged XRP Ledger node operators on Aug. 2 to install xrpld version 3.2.1 after developers observed a validator manifest flood on July 31. Summary July 31 manifest flooding prompted xrpld 3.2.1 while XRP Ledger continued closing ledgers normally throughout. Four safeguards now cap manifest size, message batches, outbound sharing…
Robinhood generated $156 million from event contracts in a dramatic jump from the same quarter last year. Robinhood posted record second-quarter net revenue of $1.31 billion, up 32% year-over-year, as activity across prediction markets, options, and equities helped offset a sharp decline in crypto income. The company’s transaction-based revenue jumped 44% to $776 million…
Trump Media & Technology Group’s Truth API became available to institutional customers on Aug. 1, giving trading firms rapid, machine-readable access to posts from influential Truth Social accounts, including U.S. President Donald Trump’s account. Summary August 1 launch gives institutions millisecond access to influential Truth Social posts with continuous coverage. Schiff and Warren asked the…
A White House teleprompter operator at the center of Trump speech betting allegations is out of government. White House teleprompter operator Gabriel Perez is no longer employed by the federal government after being placed on unpaid leave over allegations that he used insider knowledge to bet on President Donald Trump’s speeches, according to another…
Strategy Inc. kept the annual dividend rate on its STRC preferred stock at 12% for August 2026, even though the Nasdaq-listed security ended July more than 10% below its $100 stated amount. Summary 12% annualized dividend remains unchanged for August despite STRC closing July at $89.46 per share. $3.75 billion reserve covers roughly 2.1 years…
We will also review the weekly performance of the funds, which ended on a high note. The spot exchange-traded funds tracking Ripple’s cross-border token continue with their impressive performance in times of market uncertainty, and saw only one day of no reportable action in the past week, unlike the previous ones. July also ended…
Dogecoin community contributor Mishaboar urged Coldcard users on Aug. 1 to move their Bitcoin to wallets controlled by newly generated seed phrases. Summary 1,367.05 BTC worth $88.6 million was drained from 4,585 addresses across three suspected attack waves. Coinkite says firmware updates protect new seeds but cannot repair seed phrases from vulnerable versions. Mishaboar advised…
