Kalshi and Polymarket are offering bets on winners, spreads, totals, and player stats, but Baltimore says they lack the required licenses. Baltimore has taken legal action against prediction market operators Kalshi and Polymarket, accusing both companies of offering illegal sports betting in the city. Mayor Brandon M. Scott and the Baltimore City Council filed…
Tokenization-linked stocks have fallen as much as 11.2% after legal and market concerns reportedly delayed the SEC’s planned innovation exemption for blockchain-based securities. Summary Bullish fell 11.2%, extending its decline from about 8% earlier in Friday’s session. Coinbase and Circle dropped 3% and 4.8%, respectively, as tokenization-linked shares weakened. The SEC reportedly faces questions about…
Security expert Nick Neuman warned that leaked home addresses could enable criminals to more easily target people for wrench attacks. On August 13, Trezor disclosed that a data breach at its shipping partner, ShipMonk, exposed the personal information of roughly 13,700 recent customers, including names, phone numbers, and home addresses. Binance founder Changpeng Zhao…
StablecoinX shares have climbed more than 12% after the Nasdaq-listed company disclosed a 3-billion-token ENA treasury and reported its first quarterly results since going public. Summary StablecoinX held approximately 3 billion ENA tokens, equal to about 20% of the total supply. The ENA treasury was valued at $218.4 million, or about $9.09 per Class A…
Lynq CEO Jerald David has said institutional finance needs interoperable settlement systems capable of moving cash and collateral 24/7 as firms adopt several forms of digital money. Summary Institutions are likely to use stablecoins, tokenized deposits, CBDCs, and traditional bank money. Separate payment systems can leave capital unavailable where institutions need it. The Bank of…
The good news is that Strategy’s CEO said when the company will resume its BTC purchases. The end of the week is here, which means that we will take a look at what happened in the past seven days, from the good, the bad, and the ugly price movements. Let’s begin from this time…
Ethereum price has slipped to about $1,875 after sellers rejected its latest move above $1,900, leaving the $1,850 support zone and nearby liquidation clusters in focus. Summary Ethereum price traded near $1,875 after failing to hold above the psychological $1,900 level. Daily RSI fell to 49.72, while ETH remained below its 20-day and 50-day averages….
In XRP news today, Evernorth is changing the number of shares issuable to investors in connection with its proposed business combination with Armada Acquisition Corp. II. The amended subscription agreements tie the share count to XRP’s value at closing, measured by its volume-weighted average price, rather than the $2.36 XRP price used when the business…
Citigroup CEO Jane Fraser has backed passage of the CLARITY Act while continuing to push for changes to its stablecoin reward rules, keeping the banking industry’s main concern with the crypto bill alive ahead of a Senate procedural vote expected next month. Summary Citigroup CEO Jane Fraser supports passing the CLARITY Act but wants changes…
Sending USDT over the TRON network is particularly popular because of its speed and broad adoption. That said, TRC-20 transfers also require network resources. When a wallet doesn’t have enough TRON Energy, TRX may be burned to cover the remaining cost of executing the smart contract. For users who make frequent transfers, renting energy provides…
