US gaming lawyer Daniel Wallach says a Nevada state court-issued restraining order against Kalshi appears imminent, preventing it from offering sports-related contracts. A federal appeals court has cleared Nevada state authorities to enforce a temporary restraining order against Kalshi, blocking its sports-event contracts. The Ninth Circuit Appeals Court on Thursday denied Kalshi’s emergency request to stay a lower court proceeding, meaning the case returns to federal court and allows Nevada regulators to take action. Gaming lawyer Daniel Wallach said a temporary restraining order (TRO) against Kalshi now appears imminent, and added that it wouldn’t be able to operate in Nevada for at least 14 days until a preliminary injunction hearing is held: Read more
The World Gold Council says it will develop a platform to connect physical gold to the systems used to issue and manage tokenized gold products. The major gold trade association, World Gold Council, and the Boston Consulting Group have proposed a new platform to modernize how the precious metal operates in digital financial systems. The World Gold Council said on Thursday that it published a white paper on “Gold as a Service,” a new platform to “support the issuance and operation of scalable, interoperable digital gold products.” The open platform would connect the physical custody of gold with the digital systems used to issue and manage tokenized gold products. Read more
Gemini reported its fourth quarter revenues were $60.3 million, which co-founders Cameron and Tyler Winklevoss say is its highest quarterly revenue in three years. Shares in crypto exchange Gemini surged after hours as stronger-than-expected fourth-quarter results showed revenue growth driven by credit card adoption and a reworked fee structure. Gemini reported on Thursday that its Q4 revenues rose 39% from the year-ago quarter to $60.3 million, reportedly beating analyst expectations of $51.7 million. It reported a net loss of $140.8 million for Q4, deepening from its $27 million loss from a year ago. Gemini posted a total 2025 loss of $585 million, ahead of its total 2024 losses of $156.6 million. Read more
Scammers impersonating the FBI via a token are telling Tron users they are under investigation and must complete a check to avoid having their assets frozen. The US Federal Bureau of Investigation says a scam using a token on the Tron blockchain is impersonating the agency with the aim of grabbing personal information. FBI New York’s X account shared on Thursday a message some Tron users received via a token bearing the agency’s name and seal that said their wallet was “under investigation.” The message then prompts the recipient to complete a sham anti-money laundering verification online “to avoid a total block on your assets.” Read more
Weakening onchain activity and bearish derivatives data suggest that a SOL price recovery will take longer than most investors anticipate. Key takeaways: SOL derivatives signal bearish sentiment as funding rates hit 0% and put (sell) options trade at a premium. While Solana leads in DEX volume, it faces stiff competition from Hyperliquid in the perpetual contracts sector. Read more
Crypto’s hidden trading costs demand the adoption of transaction cost analysis. Slippage, fees and fragmentation erode trust as crypto matures into institutional markets. Opinion by: Arthur Azizov, founder of B2 Ventures Transaction cost analysis (TCA) has long been an important tool in equity trading. With this instrument, traders can see the hidden costs that a transaction carries and minimize the difference between the expected and the actual price. As crypto matures, it begins to resemble traditional financial markets and functions like other tradable instruments. Crypto transactions also come with costs: fees that investors pay every time they buy or sell crypto. Read more
Bitcoin price dipped under $70,000, but a bull-friendly set-up on the lower time frames forecasts a swift rebound. Bitcoin (BTC) dropped below $69,000 on Thursday, pulling the price back into its six-week range just days after tapping range highs above $76,000. The pullback coincides with an increase in selling from Bitcoin futures markets and stalling demand from US-based investors, but the chance for a rebound rally remains. A recurring chart setup indicates that BTC can return to its bullish pathway if the necessary conditions are met. The latest pullback aligns with a visible shift in derivatives’ dominance over spot activity. The Coinbase premium gap turned negative after a period of steady demand, pointing to weak follow-through from US-based investors. Read more
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, US Securities and Exchange Commission (SEC) Chair Paul Atkins offered further clarity on why NFTs generally fall outside securities law, the European Central Bank (ECB) is looking for experts to help build out the digital euro’s real-world integrations, and the SEC approved Nasdaq’s tokenization pilot. US Securities and Exchange Commission (SEC) Chair Paul Atkins has clarified how the agency intends to approach digital asset regulation following an interpretative notice issued this week. In prepared remarks for a Thursday speech at the Practising Law Institute, Atkins said that the SEC would take a different approach to digital assets than its previous “regulation by enforcement” campaign. According to the SEC chair, the agency would first focus on its interpretation of how federal securities laws apply to crypto following ...
The SEC chair signaled that the agency would defer to a market structure bill if passed by Congress, but needed a ”bridge” to clarify crypto regulation. US Securities and Exchange Commission (SEC) Chair Paul Atkins has clarified how the agency intends to approach digital asset regulation following an interpretative notice issued this week. In prepared remarks for a Thursday speech at the Practising Law Institute, Atkins said that the SEC would take a different approach to digital assets than its previous “regulation by enforcement” campaign. According to the SEC chair, the agency would first focus on its interpretation of how federal securities laws apply to crypto following the signing of a memorandum of understanding with the Commodity Futures Trading Commission (CFTC) last week. “[...] While the interpretation provides long-needed clarity, I should like to assure this audience that it amounts to a beginning, not an end,” said Atkins. Read more
Provisions in the state legislation violate the core ethos and value proposition of Bitcoin as an asset that can be held in self-custody, the trade group said. Kentucky House Bill 380, a state-level crypto regulatory bill, includes provisions that would force crypto hardware wallet manufacturers to build a “backdoor” into devices, Bitcoin (BTC) advocacy organization Bitcoin Policy Institute (BPI) has warned. The provisions require crypto hardware wallet manufacturers to provide recovery options for users’ seed phrases, and were added to the bill in a “last-minute” floor amendment, BPI said. The amended Section 33 of the bill reads: The sponsors of the legislation are state Representatives Aaron Thompson and Tom Smith. Read more