Kalshi has lost an emergency injunction request at the 10th Circuit, leaving Utah free to enforce its gambling laws while the prediction market operator pursues its appeal. Summary The 10th Circuit denied Kalshi’s request for an injunction pending appeal. Utah may now bring civil or criminal enforcement action against the prediction market operator. States have…
Declining Chainlink whale transactions and rising exchange balances create fresh selling concerns. Chainlink has staged a strong rally after the mid-August breakout. But its momentum may be cooling down. A new analysis suggests that LINK’s latest price move is facing several signs of caution after it surged 95% from around $7 to a recent…
Copper CEO Amar Kuchinad has left the crypto custody company four months into a sale process that reportedly values the firm at $500 million despite potential offers near $200 million. Summary Kuchinad has departed less than two years after taking over from Copper founder Dmitry Tokarev. Cantor Fitzgerald has been marketing the custody company with…
Polymarket’s core platform took the biggest hit, with monthly volume plunging from $7.89 billion to $4.59 billion. Polymarket’s monthly trading volume fell to $8.41 billion in August, down about 35% from July’s $12.89 billion, as the post-World Cup rush that drove prediction markets earlier this summer faded. Rival Kalshi barely flinched, closing the month…
CoinCorner has launched a Bitcoin custody service for UK customers that charges a 1.5% annual fee and uses keys held separately by CoinCorner and AnchorWatch. Summary CoinCorner and AnchorWatch each control a key, preventing either company from moving customers’ Bitcoin alone. Lloyd’s of London underwriters cover key loss and unauthorized access involving Bitcoin held in…
Ethereum has entered a consolidation phase after a sharp recovery from the $1.5K area. The cryptocurrency is now trading slightly below $2.5K, holding relatively firm despite repeated tests of the upper end of its recent range. Meanwhile, exchange reserves continue to decline, pointing to a potentially constructive supply-side backdrop. Ethereum Price Analysis: The Daily Chart…
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company. XRP derivatives experienced a rare 10,535% liquidation imbalance during the Labor Day period, a time typically characterized…
In Bitcoin news today, an unidentified group behind Sunday’s Liquid Network breach has returned 3,400 of the 4,000 BTC withdrawn from the network’s federation wallet, according to information shared by Samson Mow. Mow is a former Blockstream chief strategy officer who has posted regular updates on the incident. About 598 BTC, worth roughly $47M, remains…
Unlike Strategy, Strive continues to announce frequent BTC purchases. Strive has continued its tradition of announcing its latest bitcoin purchases on X on Monday or the first business day of the week, similar to what Michael Saylor does for Strategy. In the example, after Labor Day came minutes ago, as CEO Matt Cole outlined…
Robinhood’s tokenized AMC product briefly traded far above the referenced stock during the U.S. Labor Day weekend, prompting a fresh test of whether activity on Robinhood Chain can move real equity markets. Summary Robinhood Stock Tokens provide economic exposure but grant holders no ownership or voting rights whatsoever. IOSG estimated tokenized AMC supply expanded nineteenfold…
