Category: crypto

Kalshi has lost a key battle in its New York case over sports event contracts, with Judge Analisa Torres denying their request for a preliminary injunction. The court ruled that New York’s gambling laws can apply to Kalshi’s contracts, adding pressure as the company faces state lawsuits and rapid growth in the sports market nationwide.

Michael Coates is now the Chief Information Security Officer at the Solana Foundation, bringing his experience from leadership roles at Mozilla, Twitter, and Altitude Networks. His focus will be on strengthening crypto security, improving application security practices, and collaborating with policymakers on cybersecurity standards due to Solana’s transaction scale and daily stablecoin activity.

Russia’s State Duma committee approved a revised cryptocurrency bill for its second reading, removing the requirement to declare crypto wallet addresses. The updated bill allows for crypto investments in Russian securities, sets a retail investment limit at 300,000 rubles, and introduces new transfer controls. Further revisions and approvals are needed for implementation.

AngelList will no longer support crypto payments for investment funding starting July 31, 2026, due to its third-party crypto payments provider discontinuing the service. Users are advised to switch to ACH and wire transfer options for upcoming investments. Ripple acquired Rail for $200 million to enhance enterprise stablecoin payments and global settlements.

Clearstream, owned by Deutsche Börse Group, has expanded its institutional crypto custody service to include six new digital assets, in addition to Bitcoin and Ether. The move responds to growing demand for MiCA-compliant assets in institutional finance and allows clients access to a wider range of crypto assets within Clearstream’s custody system.

EU lawmakers are reconsidering Chat Control rules which could impact the crypto industry. The rules aim to combat online child sexual abuse but could also affect privacy and encryption in messaging platforms. This could have implications for how cryptocurrencies are discussed and shared online.

Toss, a South Korean financial super-app, has partnered with Optimism and Sunnyside Labs to test blockchain infrastructure for South Korean won-linked stablecoins over a three-month program. They will evaluate payment settlement, compliance requirements, and privacy protection using Optimism’s OP Stack and Sunnyside Labs’ Privacy Boost technology to assess if public blockchain infrastructure can meet institutional…

Altcoins are under pressure with liquidity thinning out and market breadth weakening. Around 40% of altcoins are trading near their all-time lows, indicating the challenges faced by projects with oversupply of tokens. Bitcoin dominance remains high, with market data suggesting caution for traders as liquidity is spread thin across numerous assets.

Bitmine purchased $70 million worth of Ethereum, increasing its holdings to nearly 5% of the token’s circulating supply. Most of the holdings are staked, generating significant annual rewards. Chairman Tom Lee pointed to growing Ethereum adoption and regulatory prospects. Bitmine’s shares closed lower on Tuesday despite the purchase.

A lawsuit in New York seeking ownership of dormant Bitcoin wallets has narrowed after addresses moved funds. Galaxy Research head Alex Thorn reported that 44 wallets were dropped from the lawsuit after on-chain activity challenged the abandonment claim. The lawsuit targets over 39,000 wallets and has drawn legal opposition.