Minnesota Bans Prediction Markets—And Is Sued By the Trump Admin Hours Later

Minnesota has enacted a ban on prediction markets, which are platforms that allow users to bet on the outcomes of future events. Shortly after the ban was announced, the Trump administration filed a lawsuit against the state, arguing that the prohibition infringes on free market principles and individual rights. The

After Nearly a Decade, Gary Gensler's Poster Child for Crypto Compliance Executes Its First Trade

After nearly ten years, the crypto exchange Coinbase, often cited by SEC Chair Gary Gensler as a model for compliance, has executed its first trade under a new regulatory framework. This milestone comes as the SEC continues to refine its approach to cryptocurrency regulation. Coinbase's successful trade marks

Senator Warren questions OCC chief on approval of ‘ineligible’ crypto trust charters

Senator Elizabeth Warren has raised concerns with the Office of the Comptroller of the Currency (OCC) chief, Michael Hsu, regarding the approval of crypto trust charters that she deems ineligible. During a Senate Banking Committee hearing, she questioned the criteria used to grant these charters and emphasized the potential risks

Polymarket partners with Nasdaq to list private company contracts

Polymarket has announced a partnership with Nasdaq to launch contracts that allow users to speculate on the performance of private companies. This initiative aims to enhance market transparency and provide investors with new opportunities for trading. The contracts will enable users to predict outcomes related to private firms, expanding Polymarket&

Data shows Bitcoin dip buyers waiting for lower prices: Is $70K BTC’s next stop?

Recent data indicates that Bitcoin investors are holding off on buying, anticipating lower prices before making their next move. Many are speculating that the cryptocurrency could drop further, with some analysts suggesting that $70,000 might be a potential target for buyers. The current market sentiment reflects caution, as traders

Zerohash pursues new funding at more than $1.5 billion valuation after Mastercard drops investment plans

Zerohash is seeking new funding to support its operations and growth, aiming for a valuation exceeding $1.5 billion. This move comes after Mastercard decided to withdraw its investment plans in the company. Zerohash specializes in providing crypto infrastructure and services, which has become increasingly vital as demand for digital

This bitcoin bear market is different with 'uniquely pessimistic' traders limiting downside, K33 says

A recent analysis by K33 highlights that the current Bitcoin bear market is distinct due to the presence of "uniquely pessimistic" traders, which is helping to limit further downside risks. Unlike previous bear markets, this sentiment has created a more cautious trading environment, preventing significant price drops. The

Even a mountain of T-bills won't save Tether and Circle from a sudden liquidity crisis, expert says

Experts warn that despite holding significant amounts of Treasury bills, Tether and Circle could still face a sudden liquidity crisis. The reliance on T-bills, while generally considered safe, may not provide enough liquidity in times of market stress. Analysts emphasize that the stability of stablecoins like USDT and USDC is

Americans Arrested in Japan for Entering Punch the Monkey’s Zoo Home to Promote Meme Coin

Two Americans were arrested in Japan for illegally entering the home of Punch the Monkey, a popular character from a meme coin project. The individuals reportedly aimed to promote the meme coin by staging a publicity stunt at the character's zoo. Their actions were deemed a violation of

Minnesota Bans Prediction Markets—And Is Sued By the Trump Admin Hours Later

Minnesota has enacted a ban on prediction markets, which are platforms that allow users to bet on the outcomes of future events. This decision was met with immediate legal action from the Trump administration, which filed a lawsuit against the state just hours after the ban was announced. The lawsuit

Bitcoin Miners Emerge as Unlikely Power Brokers in AI Infrastructure Race, Says Bernstein

According to a report by Bernstein, Bitcoin miners are becoming significant players in the race for AI infrastructure due to their access to substantial computing power and energy resources. As demand for AI capabilities surges, these miners are positioned to leverage their existing operations to support AI workloads. Bernstein notes

Bitcoin price stays under $77K as US bond yields near 20-year highs

Bitcoin's price remains below $77,000 as U.S. bond yields approach their highest levels in nearly two decades. The rising yields are impacting investor sentiment and contributing to a cautious outlook in the cryptocurrency market. Analysts suggest that the correlation between traditional financial markets and cryptocurrencies is