The prediction market's Dutch arm, Adventure One, allegedly offered illegal bets, including on elections in the Netherlands. The Netherlands Gambling Authority said it imposed a penalty on prediction markets platform Polymarket's Dutch arm, Adventure One, for offering gambling to residents without a license. In a Tuesday notice, Dutch authorities ordered the Polymarket company to “cease its activities immediately,” or face up to $990,000 in fines. According to authorities, Adventure One was in violation of Dutch law for offering illegal bets, including those on local elections, and the company had not responded to requests to address these activities. ”Prediction markets are on the rise, including in the Netherlands,” said the Netherlands Gambling Authority’s director of licensing and supervision, Ella Seijsener. “These types of companies offer bets that are not permitted in our market under any circumstances, not even by license holders.” Read more
As Bitcoin and altcoins continue to sell off, venture capital is raising millions for blockchain-based financial infrastructure, while real-world assets continue to draw capital. Crypto markets have erased nearly $1 trillion in value over the past month, yet parts of the industry tied to infrastructure and tokenized real-world assets (RWAs) are telling a different story. Tokenized Treasurys are expanding, venture firms are still raising capital and Bitcoin-focused companies are consolidating their footprints. This week’s Crypto Biz looks at the widening gap between spot markets and capital formation — from Nakamoto’s $107 million acquisition spree to Dragonfly’s new $650 million fund, the continued rise of tokenized RWAs and why Paradigm says Bitcoin miners may have a growing role in stabilizing the power grid. Bitcoin holding company Nakamoto has agreed to acquire BTC Inc and UTXO Management in a combined $107 million deal, expanding its footprint across Bitcoin media, events and financial services. Read mor...
The United States Supreme Court ruled on Friday that President Donald Trump could not use national emergency powers to levy tariffs during peacetime. US President Donald Trump announced a 10% global tariff on Friday following the Supreme Court's ruling striking down his authority to levy tariffs under the International Emergency Economic Powers Act (IEEPA). Trump was critical of the Supreme Court’s decision, calling the decision “ridiculous” at Friday’s press conference, and said that he will levy the tariffs under different legal methods, including the Trade Expansion Act of 1962 and the Trade Act of 1974. Trump said: Trump’s tariffs have repeatedly caused severe downturns in markets considered high risk, including crypto and equities, as the threat of tariffs fuels uncertainty and shakes investor confidence. Read more
US President Donald Trump has repeatedly said that tariffs could help pay down the $38 trillion, and growing, US national debt. The Supreme Court of the United States (SCOTUS) issued a ruling on Friday striking down most of US President Donald Trump’s tariffs, with six of the nine Supreme Court justices ruling that the Executive Branch lacks authority to levy tariffs under the International Emergency Economic Powers Act (IEEPA). “IEEPA does not authorize the President to impose tariffs,” Friday’s ruling said, adding that the president has “no inherent authority” to impose tariffs during peacetime using the statutes in the IEEPA. The ruling read: Trump claimed that the purported inflow of drugs from Canada, China and Mexico, as well as the “hollowing out” of the US industrial base, constituted a national emergency under IEEPA that justified the tariffs, which the court rejected. In a press briefing following the decision, Trump lashed out at the justices who voted to strike down the tariffs and vowed to get th...
Crypto illiquidity is pressuring DeFi lending companies, but Wall Street giants continue to increase their exposure to the world’s largest Ethereum treasury company. Large institutional investors continued to add exposure to crypto treasury companies over the past week, even as bear-market illiquidity forced another round of shakeouts across decentralized finance (DeFi). The biggest corporate shareholders of Bitmine Immersion Technologies, including Morgan Stanley and Bank of America, increased exposure to the Ether (ETH) treasury company during Q4 2025 despite a broader market sell-off. Still, ongoing bear-market illiquidity is forcing some protocols to wind down operations, with DeFi lender ZeroLend shutting down. Crypto analytics platform Parsec has also shuttered, citing crypto market volatility as the main reason. Read more
The failure of the bulls to start a strong recovery in Bitcoin and the major altcoins suggests that the bears intend to remain active at higher levels. Key points: Bitcoin bulls are struggling to sustain the intraday rallies, indicating that every minor rise is being sold into. Select major altcoins are showing weakness, signaling a drop to their strong support levels. Read more
Bitcoin’s mining difficulty climbed to 144.4 trillion after January storms briefly slashed hash rate, while some US miners offset downtime by selling electricity back to the grid. Bitcoin’s mining difficulty jumped about 15% to 144.4 trillion on Feb. 20, according to CoinWarz data, reversing an 11% drop earlier this month that marked the sharpest decline since China’s 2021 mining ban. The earlier decline followed a sharp drop in hash rate after severe winter storms swept across much of the United States, disrupting power grids and forcing miners offline. In late January, Foundry USA, the largest mining pool by hash rate, briefly saw its computing power fall to about 198 exahashes per second from nearly 400 EH/s, before recovering. Hash rate measures the total computing power securing the network, while mining difficulty adjusts every 2,016 blocks, about every two weeks, to keep block production near its 10-minute target. Read more
After four years contributing, BGD Labs said it would be leaving the DAO, citing changes to the organization and taking an “adversarial position“ to its liquidity protocol. BGD Labs, a core technical contributor to decentralized finance protocol Aave, said it will conclude its involvement with the project’s DAO on April 1 after four years. In a Friday forum post on Aave, BGD cited an “asymmetric organizational scenario,” which it said the DAO has “badly executed” without consideration of contributors’ expertise. The contributor added that Aave had taken an “adversarial position” of the third version (v3) of its protocol to promote features in the fourth (v4). “While all previous points that BGD should just keep contributing on the v3 side exclusively, the situation created makes it nonsensical to us: every time we think/will think about improving v3, there will be some type of implicit/explicit artificial constraint,” said BGD. “We are not really interested in being in that position, as we think it is a waste...
Bitcoin stayed rangebound within a "downward trajectory" as the Supreme Court concluded that some US trade tariffs were illegal and liable for a refund. Bitcoin (BTC) saw choppy price action after Friday’s Wall Street open as markets reacted to the US Supreme Court decision on President Donald Trump’s trade tariffs. Key points: The US Supreme Court rules that certain US tariffs are illegal, sparking a modest risk-asset response. Read more
Private equity, which has the second-highest risk weighting, carries a 400% weight under the current Basel III banking framework. Crypto treasury executives are calling on the Basel Committee on Banking Supervision (BCBS), an international banking regulatory body, to revise the 1,250% risk weight for Bitcoin and other cryptocurrencies under the Basel III framework. The 1,250% capital requirement means that banks must back any Bitcoin (BTC) on their balance sheets at a 1:1 ratio with approved collateral, making BTC holding more costly than other asset classes. For comparison, cash, physical gold and government debt carry a 0% risk weight under the Basel III framework. Read more