Headlines

Kalshi loses emergency appeal bid against Utah

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…

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Bitmine Adds 28,086 ETH as Ethereum Treasury Hits $14.8B

Key Takeaways Bitmine’s latest purchase takes its total holdings to 5.93M ETH, worth $14.8B. With 85% staked, Bitmine could earn about $330M yearly while tightening ETH’s liquid supply. Investors will watch whether institutional demand amplifies Bitmine’s concentrated ethereum bet. Bitmine Builds One of Public Markets’ Biggest Ethereum Positions Bitmine is still buying ethereum, and its…

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