Author: John Smith

Kalshi has permanently banned former U.S. Representative George Santos and imposed a $71,356 penalty after finding that he manipulated an attendance market to earn $17,839.57. Summary Kalshi permanently suspended Santos from accessing its exchange either directly or indirectly. Santos earned $17,839.57 from contracts tied to his State of the Union attendance. Public statements by Santos moved contract prices in favor of his positions, Kalshi found. A separate CFTC order imposed a three-year trading ban and over $35,000 in payments. Kalshi’s Aug. 28 disciplinary notice said Santos placed large trades between Feb. 2 and Feb. 25 in contracts that paid according…

GRAM has rebounded toward $1.40 after Telegram began releasing its self-custodial Gram Wallet to selected users, while trading volume jumped about 137% around the announcement. Summary GRAM gained about 2% over 24 hours after briefly approaching $1.46. Telegram will release Gram Wallet gradually to its billion-plus users. The wallet supports self-custody, fee-free transfers, and Telegram Collectibles. GRAM faces immediate resistance near $1.39, followed by $1.45. Telegram begins phased Gram Wallet release Telegram CEO Pavel Durov said the company had started giving selected users access to Gram Wallet before expanding availability over the next several weeks. “We’ll be gradually rolling it…

Hyperliquid has faced a potential 10-to-12-month regulatory process to enter the U.S. market even if federal agencies move quickly, according to former SEC senior counsel Ashley Ebersole, after President Donald Trump said regulators were working on a compliant route for the perpetual futures platform. Summary Ebersole told crypto.news that bringing Hyperliquid to the U.S. would require more than a single CFTC registration or approval. The CFTC would likely oversee most crypto perpetuals, while securities-linked contracts could fall under SEC jurisdiction. Ebersole estimates that building a regulatory pathway could take 10 to 12 months even if both agencies actively pursue it.…

HKDAP could move the Hong Kong dollar beyond payments and into cross-border settlement, corporate treasury management and tokenized finance as regulated stablecoins gain a role in Hong Kong’s on-chain financial system, according to a HashKey researcher. Summary HashKey senior researcher Tim Sun sees HKD stablecoins becoming an on-chain settlement vehicle rather than simply another payment method. Insurance has emerged as an early HKDAP use case, with HashKey and YF Life already completing a live transaction using real funds. Trade settlement, corporate treasury management and tokenized assets could provide additional uses as HKDAP’s institutional network expands. Sun said HKD stablecoins could…

Solana price traded near $102.50 on Aug. 31 after retreating from a weekly high of $110.04, but its daily and 4-hour charts show that the broader August breakout remains intact above $100. Summary Solana price gained 4.2% from Aug. 25 through Aug. 31 despite falling 6.8% from its weekly high. Daily RSI cooled to 68.43 after moving above 70 during the late-August rally. 4-hour Supertrend support sits at $100.95, making $100 the main short-term level for bulls. Liquidation clusters near $100.50 and $104–$105 could amplify Solana’s next move. Solana price cools after reaching $110 According to data from crypto.news, Solana…

Bitcoin developers supporting BIP-110 are preparing a separate BLAKE2b proof-of-work chain for a proposed Sept. 1 launch after an earlier minority branch failed to attract enough SHA-256 mining support. Summary Bitcoin developer Luke Dashjr’s supporters plan a BLAKE2b breakaway chain after BIP-110’s minority branch stalled. The original BIP-110 proposed temporary restrictions on arbitrary data, not a proof-of-work algorithm replacement itself. The first enforcing branch produced only two blocks initially, showing that miners withheld meaningful support. Developers scheduled the BLAKE2b chain for September 1, although its final launch remains technically conditional. No major exchange, wallet, or Lightning implementation had publicly committed…

Bitcoin traded near $78,400 on Aug. 31 and headed toward its strongest August performance since 2017 after gaining roughly 24% during the month. Summary Bitcoin traded near $78,400 after gaining roughly 24% during August, its strongest August since 2017. U.S. spot Bitcoin ETFs attracted $1.92 billion during their strongest weekly inflow since October 2025. Crypto derivatives recorded $6.55 billion in short liquidations across two weeks, according to CoinGlass data. Treasury will double bond buybacks to $4 billion per operation beginning on September 9. Bitcoin must reclaim $80,000 to strengthen momentum, while September jobs data could reset rate expectations. BTC recovered…

FT Mining presents its cloud mining service as a way for users to participate in cryptocurrency mining without buying equipment or managing technical infrastructure. Summary FT Mining markets cryptocurrency mining contracts that do not require customers to operate mining hardware. The platform advertises short contracts with projected returns ranging from 6.6% to above 1,500% overall. FT Mining claims FCA regulation, PwC certification and Lloyd’s insurance without providing supporting documents publicly. Mining income varies with token prices, network difficulty, electricity costs, equipment performance and operating expenses. Prospective customers should independently verify regulation, ownership, custody, withdrawals, fees and contract terms before depositing.…

A wallet attributed to HyperLabs, the development organization behind Hyperliquid, requested the unstaking of 433,000 HYPE tokens on Aug. 30, according to blockchain analyst Ember. Summary HyperLabs requested unstaking of 433,000 HYPE tokens, valued near $36.14 million when Ember reported it publicly. Hyperliquid’s protocol places staking withdrawals into a seven-day queue before tokens return to spot balances. The pending withdrawal should complete September 6, provided the protocol processes it according to schedule. Previous HyperLabs withdrawals were routed through Flowdesk, but that history does not confirm another sale. No official Hyperliquid statement explained whether the unstaking supports liquidity, operations, or token…

Coinbase will suspend trading for Badger DAO and Storj on Sept. 28, 2026, following its latest review of assets listed on the U.S. cryptocurrency exchange. Summary Coinbase will suspend BADGER and STORJ trading on September 28, 2026, around 2:00 p.m. ET. Suspension covers Coinbase.com Simple and Advanced Trade, Coinbase Exchange, and Coinbase Prime services for customers. Both order books now operate in limit-only mode, allowing orders and possible trade matches temporarily. Customers will retain access to BADGER and STORJ balances and withdrawals after trading ends completely. Coinbase cited routine listing reviews but did not identify specific deficiencies involving either token…