Headlines

Adam Forsyth

Which one are you on?

The same brand runs a wallet-based blockchain venue with no identity checks and a federally licensed exchange requiring a government ID and a live selfie. They list different markets, settle differently, and answer to different law. Summary Polymarket operates two separate venues: an international DeFi platform settling in USDC on Polygon with wallet-based access and…

Read More

Crypto News Today (July 28): BTC Heading Toward $60K? NFL Calls for Stricter Regulation of Prediction Markets, and Securitize Wins SEC Adviser Status

In crypto news today (July 28), Bitcoin has dropped nearly -3% overnight, losing $65,000 and looking likely to retest $60,000 ahead of today’s FOMC meeting. Liquidations have picked up as a result, with over $600M in positions blown up since yesterday, and unsurprisingly, more than $530M of that figure has come from long trades. Yesterday…

Read More

Apple faces $1.8M lawsuit over fake Bitcoin app

Apple is facing a federal lawsuit from three users who allege fraudulent Sparrow Wallet applications distributed through its App Store caused about $1.835 million in Bitcoin losses.  Summary Three users allege Sparrow apps drained $1.835 million in Bitcoin between May and August 2025. Sparrow’s official downloads support macOS, Windows and Linux, but no iOS application…

Read More

Binance co-founder CZ pushes ASEAN crypto passport

Binance co-founder Changpeng “CZ” Zhao backed crypto license passporting across ASEAN on July 28 during a fireside discussion at the ASEAN Tech Summit Manila 2026. Summary CZ backed simplified ASEAN crypto licensing, allowing regulated firms to avoid full repeat applications regionally. ASEAN currently has no bloc-wide crypto passport, leaving approvals and supervision with national regulators…

Read More

KOSPI halts trading after 8% plunge

South Korea’s Korea Exchange halted trading in KOSPI-listed shares for 20 minutes on July 28 after the benchmark fell 8.02% to 6,213.51. Summary 8.02% KOSPI drop triggered a 20-minute marketwide circuit breaker at 10:13 a.m. Tuesday in Seoul. SK Hynix ADRs closed at $143.02, below their $149 offering price for first time Monday. July 29…

Read More

CLARITY Act would weaken state fraud powers, James warns

New York Attorney General Letitia James has urged Congress to revise the CLARITY Act, warning that the crypto market structure bill could restrict states from prosecuting fraud and enforcing investor protection laws. Summary James said the bill could preempt state investor protection laws and weaken local enforcement. State and local authorities account for about 98.8%…

Read More