Category: crypto

Google is set to support Anthropic’s large data center project in Texas to meet the increasing demand for AI infrastructure. The project, costing over $5 billion, will deliver 500 megawatts by 2026, with plans to expand to 7.7 gigawatts. A federal judge blocked the Pentagon from labeling Anthropic a supply-chain risk during ongoing litigation.

BNP Paribas in France is introducing six crypto-linked exchange-traded notes for retail investors, allowing them to access Bitcoin and Ether through securities accounts without directly buying or storing the cryptocurrencies. This move expands the bank’s digital asset offerings and follows a wider trend of European institutions offering regulated crypto exposure through investment products.

Washington state sued Kalshi, accusing the prediction market operator of violating gambling and consumer protection laws. Kalshi moved the case to federal court, claiming lack of warning from the state. Other legal challenges from Nevada and Arizona have also been brought against Kalshi. Regulators question if its products constitute unlicensed gambling.

Canada has introduced a bill to ban cryptocurrency donations to political parties and third parties during elections. The bill also prohibits donations made through money orders and prepaid cards to prevent anonymous funding. The proposed changes aim to protect election integrity and close gaps that foreign actors could exploit.

Ark Invest’s Bitcoin ETF experienced significant outflows this week as Bitcoin’s price dropped. U.S. spot Bitcoin ETFs lost $171 million in outflows on March 27, with Ark Invest’s ARK 21Shares fund being hit hard. This contradicts the narrative of institutional support for Bitcoin, with investors pulling out due to market conditions and geopolitical tensions.

a16z crypto is focusing on a long-term investment strategy in the crypto sector, comparing the current market to the foundational phases of the internet and AI. Despite high-profile partners leaving, the firm is raising a new $2 billion fund. They believe in the long-term potential of blockchain technology and are investing in themes like stablecoins…

Ripple CEO Brad Garlinghouse believes stablecoins could become the primary way for businesses to enter the crypto sector, providing faster payment options. Bloomberg Intelligence predicts stablecoin flows could reach $56.6 trillion by 2030. Ripple’s RLUSD is the 10th largest stablecoin by market cap. Garlinghouse highlights the importance of U.S. regulation in driving stablecoin adoption.

US Senator Cynthia Lummis defended the Digital Asset Market Clarity Act against claims that it puts decentralized finance developers at legal risk. She stated that recent changes would provide strong protections for DeFi developers and criticized the criticism as outdated. Discussions in the Senate continue to revise the bill.

P2P.me traded on a Polymarket contract tied to its fundraising round before it launched, raising $5.2 million. The market resolved to “no” as it fell short of the $6 million target. US lawmakers and prediction platforms are tightening rules on insider trading concerns. Profits will go back to the MetaDAO treasury.

The White House launched a smartphone app providing users with administration updates, social posts, photos, and policy pages related to President Donald Trump’s second term. The app offers breaking news alerts, live video, media library, and direct feedback tools. Users can submit tips to ICE and view affordability and border-focused messages.