Key Takeaways Judge Shelby granted Utah summary judgment and denied Kalshi’s preliminary injunction. Online gambling in Utah is a third-degree felony under the state’s constitutional ban. New York cited the ruling as supplemental authority within a day of its release. Shelby Finds Multiple Readings of the CEA, Disfavors Preemption U.S. District Judge Robert J. Shelby…
Key Takeaways Chinese Academy hit 3.42% EUV efficiency in 2025, narrowing ASML’s chipmaking lead. ASML’s 2019 China ban still limits sub-7nm chips, pushing domestic EUV efforts toward 2028. Alibaba unveiled 2.4T-parameter Qwen3.8 as T-Head expands post-CUDA AI tools in 2026. The most valuable bottleneck in advanced chipmaking is the EUV light source, and for years…
Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. For thousands of job seekers lured across borders with promises of tech employment, Southeast Asia’s lucrative crypto scam industry is, in reality, a hostage situation. Criminal syndicates operating inside Myanmar routinely traffic foreign workers, confiscate…
Key Takeaways Mastercard completed its BVNK deal, valued up to $1.8B. BVNK adds stablecoin rails across Mastercard’s 17B endpoints, pressuring global payment rivals. BVNK clients stay unchanged as Mastercard integrates wallets, cards, and 24/7 settlement. Mastercard to Link Stablecoins to 17B Global Payment Network Mastercard has completed its acquisition of BVNK, turning one of the…
Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. You’ll soon be able to legally notarize documents in the Philippines without leaving your desk For anyone who has ever needed a legal document notarized in the Philippines, the process could be notoriously inconvenient depending…
Key Takeaways U.S. and UK regulators expanded cooperation on digital assets. Officials reviewed crypto rules, tokenization, AI, and payments. The countries plan comparable standards for stablecoins and similar financial risks. Regulators Expand Their Transatlantic Digital Asset Agenda The U.S. Department of the Treasury published a joint statement on Aug. 4 summarizing discussions from the July…
Key Takeaways Lummis expects the Senate to vote on the CLARITY Act before the August recess begins. Democrats continue pressing for stronger ethics and enforcement rules. Federal regulators support legislation dividing crypto oversight. Lummis Sees Vote Nearing After 11 Months of Negotiations U.S. Senator Cynthia Lummis (R-WY), chair of the Senate digital assets panel, said…
Key Takeaways Citadel Mining holds about 6,996 BTC built through Abu Dhabi mining operations since 2022. Mubadala raised its Blackrock IBIT stake 16% to 14.7 million shares in Q1 2026. The FSRA’s stablecoin framework and farm-mining rules will shape ADGM growth through 2026. Regulators Write the Rulebook Early The emirate’s Financial Services Regulatory Authority, or…
Key Takeaways Circle posted $48M in Q2 profit as USDC transaction volume jumped 151% to $14.8T. USDC reached $73.3B in circulation, strengthening Circle’s institutional payments reach. Circle will launch Arc on Sept. 16 with Blackrock and BNY among 100+ participants. USDC Volume Jumps 151% to $14.8T as Circle Returns to Profit Circle Internet Group returned…
Key Takeaways Bitwise’s Matt Hougan sees Clarity Act odds near a coin flip. Hougan said SEC Chair Paul Atkins’ July 31 vow to bring finance onchain softens the blow if the bill dies. Bitwise says stablecoins and tokenization have hit “escape velocity,” especially with a Senate vote due before Aug. 7. ‘Can’t Thrive in the…
