Category: crypto
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Kalshi wins temporary shield as Tennessee court halts crackdown on sports markets
A federal judge has temporarily blocked Tennessee from enforcing a cease-and-desist order against prediction market operator Kalshi. The case revolves around whether federal derivatives oversight supersedes state gambling law. Previous rulings in New Jersey, Nevada, and Maryland have been split on this issue. The temporary restraining order will remain in place until at least Jan.…
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Standard Chartered tips Ethereum to outpace Bitcoin into 2030 cycle
Standard Chartered has revised its Ethereum price targets for 2026, but remains optimistic about the cryptocurrency’s performance in the long term, predicting that Ethereum will regain its 2021 highs against Bitcoin by 2030. Factors such as throughput, DeFi, and regulation are expected to drive Ethereum’s re-rating in the coming years.
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BitGo targets $200m NYSE IPO as crypto custody demand accelerates
BitGo, a cryptocurrency custody provider, files for a $200 million IPO on the NYSE led by Goldman Sachs and Citigroup amid growing institutional demand for crypto custody services despite a volatile market post-2025. Founded in 2013, BitGo’s IPO follows other public listings in the crypto sector and aims to capitalize on rising interest from traditional…
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Bitcoin dips as Trump’s Iran tariff shock hits key resistance band
Trump’s 25% Iran tariff caused Bitcoin and Ethereum to decline, while Dash and Monero saw gains. Bitcoin is stuck in a supply zone with fading options open interest, limiting price movement. LMAX warns of macro volatility affecting BTC and ETH. Privacy-focused cryptocurrencies like Dash and Monero gained attention.
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Trump says he won’t pardon Sam Bankman-Fried, despite CZ, Ulbricht clemency
Former President Donald Trump has stated that he has no plans to pardon ex-FTX CEO Sam Bankman-Fried, who is serving 25 years for fraud and conspiracy. Despite recently pardoning other crypto figures, Trump dismissed the idea of clemency for Bankman-Fried, who remains active through posts shared by an associate.
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Former NYC mayor Eric Adams unveils NYC token, raising rug pull concerns
Former NYC Mayor Eric Adams launched a Solana-based meme coin called NYC token to combat rising hate and inspire innovation in the city. The token briefly surged to a $580 million market cap before dropping sharply amid accusations of liquidity manipulation. Proceeds from the token are intended to support nonprofits, blockchain education, and scholarships.
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Pump.fun-linked wallet sends $148M in stablecoins to Kraken
A $148 million transfer of stablecoins linked to Pump.fun to Kraken has raised questions about how the memecoin launchpad is managing its ICO proceeds. This transfer is part of a pattern of large transfers to Kraken since November, sparking debate over treasury management and transparency. The company’s response to these concerns, along with ongoing legal…
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World Liberty Financial debuts Dolomite-based lending market
World Liberty Financial has launched World Liberty Markets, a lending platform built on Dolomite, where users can supply or borrow assets such as USD1, ETH, cbBTC, USDC, and USDT. The platform aims to support future tokenized real-world assets and governance-led expansion. WLFI also plans to offer incentives for USD1 adoption.
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CLARITY Act delayed as Senate struggles to secure votes
The momentum behind U.S. crypto reform was stalled this week as lawmakers delayed the CLARITY Act markup due to insufficient bipartisan support. Disputes center on stablecoin rewards, DeFi oversight, and SEC-CFTC authority. Lawmakers aim to revive momentum with revised language later in January to move forward with the legislation.
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Crypto custody firm BitGo targets $2b valuation in IPO bid
Crypto custody firm BitGo is planning an initial public offering in the U.S. to raise up to $201 million with a valuation of $1.96 billion. The offering is led by Goldman Sachs and Citigroup, with other crypto and fintech firms also considering going public. The move reflects a cautious return of the digital asset sector…