Kalshi Hit With Washington State Lawsuit
Kalshi's legal troubles increase on Friday after the Washington State Attorney General sued the prediction market for violating the state's gambling laws, among the most restrictive in the US.
Tag: Business
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US Lawmaker Wants Answers About Kraken’s Fed Master Account Approval
US lawmaker Maxine Waters is demanding answers and transparency from the Kansas City Fed after Kraken was granted access to a Federal Reserve master account in March.
Elon Musk’s X Hires Ex-Aave and Base Design Lead Benji...
Elon Musk’s X has appointed crypto-native product designer Benji Taylor, founder of Los Feliz Engineering and former Aave CPO to lead design.
Bitpanda Unveils Vision Chain for Regulated Tokenized Assets in Europe
Bitpanda has unveiled Vision Chain, an Ethereum layer-2 for tokenized assets aimed at EU banks and fintechs under MiCA and MiFID II.
Company Partnering with Marshall Islands to Boose Digital Sovereign Bond
M1X Global announced that it had launched following a $3 million angel investment round to support the digital sovereign bond used in the Republic of the Marshall Islands.
OpenAI to Shut Down Sora After Just Six Months
OpenAI is shutting down its Sora video platform after just six months, with CEO Sam Altman reportedly telling staff the company is shifting focus to longer-term bets like robotics.
Tether Hires ‘Big Four‘ Firm for Audit of USDT Reserves
Although Tether has previously made statements regarding its reserves, it reported the accounting firm will conduct a ”full independent financial statement audit.”
As Mass Adoption Approaches, Crypto Has Forgotten Its Roots
CEXs dominate 80% of volume, while institutions demand compliance tracking. Network states revive self-sovereign governance over centralized control.
Tom Lee Says Mini Crypto Winter Ending as Bitmine Nears...
Bitmine chairman Tom Lee says the mini crypto winter could be coming to an end as Bitmine increased its ETH buying pace and boosted holdings to 77% of its target.
Biotech firm jumps 19% after stablecoin rebrand and SKY token...
Shares in biotech company NovaBay Pharmaceuticals surged nearly 19% after it disclosed plans to rebrand as Stablecoin Development Corporation and revealed major SKY token holdings.
Senator Warren Questions whether MrBeast will Market Crypto to Kids
Senator Elizabeth Warren urged MrBeast and Beast Industries’ CEO to take ”great care” and comply with the law if they planned to market crypto trading to minors and young adults.
Stablecoins Key Role in Agentic AI, Despite Limited Adoption: Bernstein
Stablecoins are set to play a key role in the growing autonomous AI agent economy, despite the limited adoption of the current machine payment protocols.
