REGULATION
Kalshi Loses Ninth Circuit Sports Contract Appeal
Kalshi lost its Ninth Circuit appeal over sports event contracts, with the court ruling Nevada can enforce state gambling laws against the platform.
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BITCOIN
BlackRock IBIT Processes Over $5B in Direct Bitcoin-to-ETF Conversions
BlackRock cut the minimum eligible conversion to $1 million, allowing more large holders to move existing…
BUSINESS
Bithumb Wins 2 Lawsuits Over Mistaken Bitcoin Credits
Bithumb has won two first-instance lawsuits seeking repayment from users who sold Bitcoin mistakenly credited during…
REGULATION
SEC Moves Crypto Custody Rule Forward
The SEC has advanced a proposed overhaul of crypto custody rules to White House review, potentially…
BUSINESS
Bitfire Launches Crypto Quant Strategy as AUM Tops HK$2B
Bitfire has launched Hong Kong’s first compliant crypto quantitative strategy, using RWA-backed market-neutral arbitrage across crypto…
BITCOIN
IBIT Call Volume Hits Record 1.58M Contracts as Bitcoin Rallies
BlackRock’s Bitcoin ETF logged more than one million calls for three straight sessions while ETF inflows…
BITCOIN
Galaxy Expands Retail Crypto Lending With BTC, ETH and SOL-Backed Credit Line
GalaxyOne borrowers can access dollars or USDC at an initial 50% LTV while pledged crypto remains…
MARKETS
BitMEX Blocks New Positions Before Shutdown
BitMEX will stop allowing new positions from August 26 as it applies risk limits ahead of…
MANAGEMENT
Binance Hires Two Senior Compliance Executives From Crypto.com
Antonio Alvarez and Duncan DeVille bring experience from crypto, payments and U.S. government agencies to Binance’s…
BUSINESS
Kalshi Discloses $1.12B Sold Under $1.5B Equity Offering
Kalshi disclosed $1.12 billion in equity sales from a nearly $1.5 billion offering, with 71 investors…