Author: John Smith

Kalshi has backed a new advocacy group, Americans for Fair Markets, as the prediction market industry faces rising pressure from casinos, sportsbooks, state regulators, and Congress.  Summary Kalshi-backed Americans for Fair Markets will lobby for federal prediction market rules and consumer protections. The launch comes as Congress now probes Kalshi and Polymarket over insider trading control systems. State gambling cases keep pressure on platforms seeking CFTC-led oversight of event contracts nationwide. The group launched with Taylor Budowich, a former deputy White House chief of staff, as strategic advisor. Americans for Fair Markets plans to shape federal policy for prediction markets…

Binance Australia will require users to provide extra information when sending or receiving crypto from July 1, 2026.  Summary Binance Australia users must provide sender details for crypto deposits from July 1, 2026 onward. Outgoing withdrawals will require beneficiary information, including full name, country, and city or locality details. Related crypto.news coverage says AUSTRAC rules add mandatory Travel Rule compliance from July 1, 2026. The exchange said the change applies only to Australian users and supports compliance with local rules. Binance said users will need to provide sender information when receiving crypto deposits into their accounts. The rule applies to…

Senior Commodity Futures Trading Commission officials who raised concerns about prediction market firms were suspended, investigated and pushed out, according to a New York Times investigation. Summary NYT reported CFTC officials raised concerns about Polymarket, Crypto.com and a Gemini affiliate before suspensions. Crypto.news reported CFTC relief for event contracts as prediction market legal fights widened nationwide. The CFTC sued New York after state actions against Coinbase and Gemini prediction markets. The NYT reported that career officials questioned activity tied to Polymarket, Crypto.com and a Gemini affiliate. Staff raised concerns over consumer treatment, fraud controls and whether one affiliate had finished…

BlackRock, Franklin Templeton, JPMorgan, Citadel Securities, Société Générale, the NYSE, Nasdaq, and the Bank of England are all building the same thing right now. Not Bitcoin holdings. Not ETFs. They are rebuilding the global financial system’s plumbing on blockchain rails.  Summary Tokenized real-world assets crossed $29 billion, with the market on track for $100 billion this year. Tokenized U.S. Treasuries grew from $380 million in 2023 to $13.4 billion by April 2026. BlackRock, Franklin Templeton, JPMorgan, Citadel Securities, Nasdaq, and others are building tokenization infrastructure. Tokenization is shifting from crypto-native experiments to regulated financial rails used by major institutions. The…

Litecoin has returned to market discussion after crypto analyst Crypto Patel said LTC could still reach higher cycle targets, while warning that a $1,000 move remains difficult without stronger institutional demand. Summary Litecoin traded near $53, remaining about 87% below its May 2021 all-time high price level. Crypto Patel said $500 is possible next cycle, while $1,000 needs extreme institutional demand conditions. Canary’s spot Litecoin ETF added regulated access, but early flows have stayed limited so far. Litecoin traded at $53.40 on May 24, 2026, according to crypto.news price data. The token was up 2.8% over 24 hours but remained…

On May 12, 2026, Grayscale filed a Form S-3 with the SEC to convert its existing Zcash Trust into a spot exchange-traded fund trading on NYSE Arca under the ticker ZCSH.  Summary Grayscale filed a Form S-3 to convert its Zcash Trust into a spot ETF on NYSE Arca. The Zcash Trust held 391,103.89 ZEC worth about $99.4 million as of March 31, 2026. The SEC’s January 2026 probe closure removed a major securities-law overhang from Zcash. ZCSH would hold ZEC in transparent Coinbase custody, not shielded addresses. If approved, ZCSH would be the first U.S. spot ETF for a…

Crypto markets enter a holiday-shortened U.S. week with several macro events that could affect Bitcoin, Ethereum, and broader risk assets. Summary U.S. markets close Monday for Memorial Day, leaving crypto to react first to fresh headlines. April PCE and Q1 GDP data land Thursday, giving traders new clues on Fed policy. Crypto.news reported Iran peace hopes have already moved Bitcoin, stocks, oil, and risk appetite this month. The week begins with attention on possible U.S.-Iran agreement details. The Kobeissi Letter described the setup as a “short but busy week ahead,” with the deal update listed as the first major event.…

Blockstream CEO Adam Back has renewed his long-running criticism of altcoins and memecoins, saying market efficiency may finally be catching up with assets he views as weak. Summary Adam Back said efficient markets may eventually price many altcoins and memecoins near zero. Bitcoin dominance near 59%, keeping pressure on broader altcoin market rotation this month. Nearly 40% of altcoins traded near all-time lows, showing weak risk appetite outside Bitcoin. Back wrote on X that he had expected the efficient market hypothesis to push altcoins toward “$0.” He added that he made a similar call about a decade ago and was…

On February 20, 2025, after more than six years of mobile mining and three years of closed mainnet operation, Pi Network finally dropped its firewall and let PI trade.  Summary Pi Network opened its mainnet firewall on February 20, 2025, allowing PI to trade externally. PI reached an all-time high of $2.99 after launch before falling near $0.15 by May 2026. Protocol 23 activated smart contracts on Pi Mainnet, opening the path for Pi DEX and Launchpad. Pi still faces tier-1 exchange gaps, KYC migration delays, and supply unlock pressure. Fifteen months later, the price has settled around $0.15, smart…

Blockchain researcher William Mougayar defended the Ethereum Foundation after months of criticism over ETH sales, unstaking activity, and limited public communication. Summary William Mougayar said critics misread the Ethereum Foundation by treating it like a marketing team. Recent Foundation sales to BitMine totaled 25,000 ETH across three OTC deals lately. Separate reports showed 38,305 ETH unstaked from Lido and earlier queues during recent treasury moves. Mougayar said critics often judge the Ethereum Foundation by the wrong standard. In his X post titled “Leave the Foundation Alone,” he argued that the group serves the protocol rather than ETH’s market price. He…