Everything web3, crypto, defi, degen
In brief Kalshi reached $1 billion in monthly volume and now dominates 62% of the global prediction market industry, surpassing Polymarket’s 37% share. Four states including Massachusetts have filed lawsuits claiming Kalshi operates as an unlicensed sportsbook, with Massachusetts seeking to permanently bar the platform. Kalshi operates under federal CFTC regulation as a designated contract…
For 14 years, we have been one of the most trusted crypto platforms. Our vision is for Kraken Launch to support project teams throughout their token journey by offering services before, during and after token sales. Why Kraken Launch? Crypto started with an ethos of open access for all. However, the first chance retail has…
In brief Crypto exchange Bullish has received the green light to operate in New York by regulators. The BitLicense and Money Transmission License comes after the exchange had a roaring debut on the New York Stock Exchange in August. Bullish shares rose on the news. Shares of Peter Thiel-backed crypto exchange Bullish jumped 5% after…
In brief The UK’s Financial Conduct Authority has launched another consultation on standards for crypto firms mirroring traditional finance rules. The current proposals aim to balance consumer protection, innovation and international competitiveness. The rules form part of a wider UK push to regulate cryptoassets from 2026. The UK’s Financial Conduct Authority (FCA) has opened a…
In brief Coinbase has filed a letter with the DOJ urging federal preemption of state crypto laws, citing Oregon’s securities suit, New York’s ETH stance, and staking bans. Chief Legal Officer Paul Grewal called state actions “government run amok,” warning that patchwork enforcement “slows innovation and harms consumers.” A legal expert told Decrypt that states…
In brief The Bank of England proposal would cap stablecoin holdings at £10,000-£20,000 for individuals and £10 million for businesses. A Coinbase executive said the caps would be “bad for UK savers, bad for the City and bad for sterling.” Banking officials in the U.S. have also raised concerns about the market impact of stablecoins.…
OKX is making a push into Australia’s retirement market, despite crypto still being a notably small component.On Sunday, the exchange announced the launch of a platform for self-managed superannuation funds, or SMSFs.These private retirement vehicles allow individuals and small groups to manage their own savings directly, offering an alternative to the industry and retail funds…
In brief Coinbase has accused the SEC of destroying nearly a year of former Chair Gary Gensler’s text messages. A recent SEC Inspector General report revealed texts from October 2022 to September 2023 were permanently erased during a critical crypto enforcement period. The U.S. exchange wants expedited discovery, sanctions, and immediate production after the SEC…
In brief Sen. John Kennedy (R-LA) said the Senate is “not ready” for sweeping crypto market rules, warning lawmakers still have “a lot of questions.” Sen. Tim Scott (R-SC), chair of Senate Banking, has insisted on a September 30 markup, despite pushback from Democrats and fellow Republicans. Policy experts say rushing a “full leap” bill…
In brief Rising demand from ETFs and DATs has scooped up 8.40% of Ethereum‘s market cap, according to digital asset bank Sygnum. Crypto-friendly regulation under Trump’s administration has helped drive massive capital inflow into Ethereum. The successful Pectra upgrade also played a key role in shaping Ethereum’s value proposition, analysts argued. Ethereum’s renewed bullish momentum…
