Author: John Smith
Kalshi has lost an emergency injunction request at the 10th Circuit, leaving Utah free to enforce its gambling laws while the prediction market operator pursues its appeal. Summary The 10th Circuit denied Kalshi’s request for an injunction pending appeal. Utah may now bring civil or criminal enforcement action against the prediction market operator. States have won 12 consecutive federal rulings since an earlier Minnesota decision favored prediction markets. New Jersey has asked the Supreme Court to settle the federal-versus-state jurisdiction dispute. Utah can enforce its gambling laws against Kalshi Legal analyst Daniel Wallach said in an X post that the…
Copper CEO Amar Kuchinad has left the crypto custody company four months into a sale process that reportedly values the firm at $500 million despite potential offers near $200 million. Summary Kuchinad has departed less than two years after taking over from Copper founder Dmitry Tokarev. Cantor Fitzgerald has been marketing the custody company with a reported $500 million price tag. Potential buyers have submitted offers near $200 million, according to an earlier report. Copper recently appointed Elin Cherry and Sean Bowen to senior compliance and operations roles. Copper CEO leaves during buyer search According to a report on Sep.…
With 38 active cases across 21 states, conflicting federal rulings over Kalshi have raised the risk that U.S. prediction-market access will fragment by location and trading venue, Kalshinomics co-founder Aaron Courtney has told crypto.news. Summary New Jersey has asked the Supreme Court to resolve opposing federal rulings involving Kalshi. Courtney said state restrictions could weaken liquidity first in local political and event markets. Washington proxy data has not shown a clear statewide liquidity shock after Kalshi restricted access. Casino.org counts 38 pending prediction-market cases across 21 states and enforcement in 10 jurisdictions. Courtney, who co-founded prediction-market analytics platform Kalshinomics, said…
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company. XRP derivatives experienced a rare 10,535% liquidation imbalance during the Labor Day period, a time typically characterized by lower liquidity. Summary XRP briefly fell to about $1.38 as leveraged long liquidations intensified during low holiday liquidity. XRP open interest reportedly dropped 14%, from $558 million to $478 million. US spot XRP ETFs recorded an eighth straight week of inflows, adding approximately $19…
Bitcoin has become one of the world’s largest pools of digital capital, yet only a small fraction participates in onchain financial activity. Summary Stacks plans to use self-custodial Bitcoin Staking as an entry point for BTC holders, targeting roughly 3% annualized rewards paid in Bitcoin. Its roadmap moves from attracting Bitcoin capital to scaling network infrastructure and expanding into lending, trading, perpetual markets and programmable BTC. StackingDAO, Bitflow, Zest Protocol and Hermetica are developing liquid staking, trading, credit and yield products that could give staked and Bitcoin-linked capital more uses across the ecosystem. Other crypto ecosystems built large economies around…
Robinhood’s tokenized AMC product briefly traded far above the referenced stock during the U.S. Labor Day weekend, prompting a fresh test of whether activity on Robinhood Chain can move real equity markets. Summary Robinhood Stock Tokens provide economic exposure but grant holders no ownership or voting rights whatsoever. IOSG estimated tokenized AMC supply expanded nineteenfold as arbitrageurs responded to an onchain price premium. AMC shares rose during premarket trading, although researchers could not isolate token related buying precisely. Dynamic creation and redemption can close premiums, limiting sustained squeezes in genuinely backed stock tokens. Market closures can interrupt issuance, leaving token…
HashKey Cloud said on Sept. 7 that it had joined Stacks as a launch partner for self-custodial Bitcoin staking. Summary HashKey Cloud joined Stacks as a Genesis Bond participant and an sBTC signer operator officially. The institutional Genesis Bond is scheduled to launch around September 10, according to Stacks developers. Bonded Bitcoin remains timelocked on Bitcoin while participants pair it with locked STX tokens separately. HashKey Cloud says its staking infrastructure spans more than 40 different blockchain networks globally today. sBTC signers coordinate Bitcoin deposits and withdrawals using a threshold-based approval system collectively onchain today. The agreement gives the infrastructure…
F2Pool co-founder Chun Wang criticized Zcash on Sept. 8 as ZEC traded near $1,130 following a rally that carried the privacy coin into the cryptocurrency market’s top ten. Summary Zcash traded near $1,130 after gaining more than 2,300% during the previous twelve months overall. F2Pool co-founder Chun Wang criticized Zcash’s funding structure, governance history and optional privacy model publicly. Zcash allocated 20% of early block rewards through its original four-year Founders’ Reward system initially. Ironwood replaced Orchard after developers disclosed a four-year vulnerability carrying theoretical hidden counterfeiting risks onchain. Developers found no evidence of exploitation but cannot cryptographically prove counterfeit…
Chainalysis estimated on Aug. 26 that France generated about $9.4 billion in potentially taxable crypto activity during 2025, placing the country among the world’s 15 largest markets covered by its latest crypto tax study. Summary Chainalysis estimated global potentially taxable crypto activity reached $457 billion across six blockchains during 2025. France accounted for estimated $9.4 billion in income, gains, and crypto payment activity during 2025. French taxpayers reported €368 million in crypto gains for 2024 through approximately 24,000 tax filings submitted. DAC8 requires providers to collect 2026 transaction data, with first exchanges due September 30, 2027. Chainalysis cautioned its estimates…
Liquid Network has recovered 3,400 BTC worth about $269.2 million from the self-described white-hat hackers behind a 4,000 BTC withdrawal, although nearly $47 million remains outstanding. Summary The actors returned 3,400 BTC, recovering about 85% of the withdrawn funds. Roughly 598.5 BTC, worth about $47 million, remains in the withdrawal-linked address. Blockstream told the actors that its bridge nodes had been patched before the repayment. Liquid has not announced when its bridge and L-BTC services will resume normal operations. Liquid Network has recovered 85% of the withdrawn Bitcoin On-chain data shows that the actors returned 3,400 BTC, worth about $268.2…