Everything web3, crypto, defi, degen
In brief Prediction market protocol Myriad is launching on BNB Chain. The integration is a “natural evolution” building towards a “multichain future for Myriad,” the project’s co-founders said. Myriad has also launched automated markets designed around auto-resolution, short timeframes and continuous flow. Prediction market protocol Myriad is gearing up for the next stage of its…
In brief Kalshi has filed a federal lawsuit against New York regulators seeking to block the state from treating its sports prediction markets as illegal gambling. The suit came after an October 24 cease-and-desist letter from New York’s gaming commission threatening civil penalties unless Kalshi halted sports-event contracts. Judge Andrew P. Gordon previously denied Crypto.com’s…
In brief The California lawmaker announced plans to ban elected officials from owning or creating cryptocurrencies, calling it a response to corruption concerns. Khanna linked the proposal to President Trump’s pardon of Binance founder Changpeng Zhao, which he described as “blatant corruption.” He previously authored the 2023 Ban Congressional Stock Trading Act, aimed at preventing…
In brief Crypto exchange Gate is adopting an “All in Web3” strategy to position itself as a “full Web3 operating system,” CEO Dr. Han told Decrypt. The platform has launched a suite of products designed to form a “cohesive, secure, and high-performance Web3 stack.” Gate has added a Perp DEX, tokenized stocks, on-chain token launchpad…
In brief Argentines swapped pesos for dollar stablecoins on Sunday, as locals expeted ARS to plummet during the midterm elections. President Javier Milei faced a make-or-break election amid declining approval ratings tied to corruption scandals. As the results became clear, a LATAM crypto app recorded its highest-ever volume in a single hour as the peso…
In brief The bill would void any attempt to marry or form a personal union with an AI system. Humans—not machines—would bear full legal responsibility for AI-related harm. The proposal makes Ohio a leader in defining legal limits for artificial intelligence. Artificial intelligence may be clever, but it can’t say “I do.”A measure introduced by…
In brief China’s central bank will continue cracking down on domestic crypto operations while monitoring overseas stablecoin developments. PBOC Governor Pan warned stablecoins “can’t meet the basic requirements like customer identification and anti-money laundering.” Meanwhile, Japan rolled out JPYC, the first yen-backed stablecoin, and South Korea launched KRW1, its first regulated won-backed token. China will…
In brief Yuga Labs is launching the Koda Nexus, a social and interactive hub in its Otherside metaverse, on November 12. The firm is also teaming with Amazon Gaming to launch a co-branded NFT avatar that can explore the metaverse. The Otherside has been in development since 2022 after Yuga Labs sold tokenized plots of…
In brief Strategy purchased $43 million worth of Bitcoin. The purchase was funded through a combination of preferred shares. Citi analysts last week said Strategy shares could hit $485. Strategy spent $43 million on 390 Bitcoin last week, the company said in a press release on Monday, its largest purchase of the asset in nearly…
In brief Defunct crypto exchange Mt. Gox has pushed its repayment deadline back to October 31, 2026, per a court notice. Around 19,500 creditors have been repaid so far, while many remain pending. Early repayment news sparked selloffs, but later delays drew little reaction, showing greater market resilience. Mt. Gox’s court-appointed rehabilitation trustee has postponed…
