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Cointelegraph.com - 20:39 Mar 28, 2026
The Washington attorney general became the latest state authority to sue Kalshi, alleging on Friday that the prediction markets operator violated state regulations. Kalshi is facing another state-level lawsuit after the state of Washington on Friday filed allegations that the prediction market operator violated state gambling laws with its products. The Washington Attorney General’s complaint cites the Pacific Northwest state’s existing ban on online gambling and otherwise strict oversight of the gaming market, in claiming Kalshi violated the Washington Consumer Protection Act, Gambling Act, and Recovery of Money Lost at Gambling Act. "Kalshi’s website and app show consumers a range of events that they can bet on and the odds for those various events, which dictate how much the bettor will be paid out if the event occurs," an announcement from Attorney General Nick Brown said. "This is exactly how sportsbooks and other gambling operations function. Kalshi advertises that they allow consumers to 'bet on anythi... -
Cointelegraph.com - 19:43 Mar 28, 2026
The closed-end Fundrise Innovation Fund holds stakes in private technology companies including Anthropic, Databricks and SpaceX, and came public earlier this month. Tokenized equities framework xStocks has teamed with alternative investment platform Fundrise to bring onchain the newly public Fundrise Innovation Fund, expanding late-stage private market companies exposure. The single tokenized asset VCXx is expected to go live on the xStocks platform in the coming days, according to a Friday announcement. The move to bring Fundrise onchain comes just days after the closed-end fund began trading on the New York Stock Exchange with its portfolio that includes private shares of tech companies including Anthropic, Databricks and SpaceX. Early days trading saw the stock surge from its March 19 $31 debut price to as high as $575 per share. Read more -
Cointelegraph.com - 14:14 Mar 28, 2026
Google and lenders move to finance a $5 billion Texas data center for Anthropic as a US judge blocks a federal push to restrict the AI firm’s use. Google is preparing to support a multibillion-dollar data center project in Texas leased to Anthropic as competition for AI infrastructure accelerates. The project, operated by Nexus Data Centers, could exceed $5 billion in its initial phase, with Google expected to provide construction loans, Financial Times reported on Friday, citing people familiar with the matter. A consortium of banks is also competing to arrange financing by mid-year, per the report. According to the report, Anthropic recently signed a lease for the 2,800-acre campus, which forms part of its broader infrastructure tie-up with Google. Construction is already underway, supported by early-stage debt financing from Eagle Point, a publicly traded closed-end investment company. Read more -
Cointelegraph.com - 14:00 Mar 28, 2026
Arbitrage opportunities in prediction markets often exist for seconds, giving AI-driven systems a structural advantage over humans. Prediction markets aggregate human judgment in theory, but some of their consistent trading opportunities may end up captured by systems that move faster than any person can. Arbitrage opportunities can show up as brief mispricings, from outcomes that temporarily fail to sum up to 100%, to short delays in how quickly markets react to new information. Rodrigo Coelho, CEO of Edge & Node, said bots are already scanning hundreds of markets per second, a role that increasingly overlaps with more advanced AI-driven agents. Read more -
Cointelegraph.com - 10:35 Mar 28, 2026
US authorities launched the “Operation Red Sunset” probe into Bitmain last year over potential espionage and grid risks. Senator Elizabeth Warren has reportedly asked the US Commerce Department to explain how it is handling potential national security risks tied to Chinese crypto mining giant Bitmain, following previous reports that the firm has been under federal scrutiny. In a letter sent Thursday to Commerce Secretary Howard Lutnick, Warren requested documents and communications related to Bitmain, which manufactures a large share of the world’s Bitcoin mining equipment, Bloomberg reported on Friday. In November last year, it was reported that US authorities had launched an investigation into Bitmain over potential national security risks. The probe, known as “Operation Red Sunset” and led by the US Department of Homeland Security, aimed to examine whether Bitmain’s ASIC machines could be remotely accessed for espionage or used to disrupt the US power grid. Read more -
Cointelegraph.com - 08:00 Mar 28, 2026
Bitcoin's return to an all-time high depends on how deep the current selloff extends, as data shows each new price low adds months to BTC's recovery time. Bitcoin (BTC) has shed all its March gains, currently down 1.40% on the monthly chart and 24.6% for the first quarter of 2026. Bitcoin’s longer-term performance aligns with a deep drawdown cycle for BTC, which may extend until the end of 2026 and many analysts expect another 40% drop in price. This scenario pushes Bitcoin’s recovery into Q2 2027, as a deeper BTC price drop tends to take longer to recover from. Ecoinometrics data shows a clear link between the drawdown depth and recovery duration. Each additional 10% decline has historically added about 80 days to the time required to reclaim the prior highs. Read more -
Cointelegraph.com - 07:30 Mar 28, 2026
Spot Bitcoin ETFs see $296 million in weekly outflows after a month-long inflow streak, as macro uncertainty keeps capital sidelined. Spot Bitcoin exchange-traded funds (ETFs) snapped a four-week inflow streak, posting $296.18 million in net outflows for the week ending Friday. The reversal follows a sustained run of inflows totaling more than $2.2 billion across four consecutive weeks, including $787.31 million, $568.45 million and $767.33 million in early March, before slowing to $95.18 million in the prior week, according to SoSoValue data. The weekly outflow followed back-to-back daily withdrawals on Thursday and Friday totaling more than $396 million, including a $225.48 million outflow on Friday alone, their biggest day of redemptions since March 3, when they posted $348 million in outflows. Read more -
Cointelegraph.com - 05:56 Mar 28, 2026
XRP shows improving risk-adjusted returns alongside rising whale flows, but rising leverage use and repeat liquidations point to a fragile futures market. The Sharpe Ratio for XRP (XRP), a measure of return per unit of risk, turned slightly positive on March 26, after spending months near or below zero between October 2024 and February 2025. A 30-day average return of 0.00063 supports this positive shift, while the Sharpe ratio stands at 0.0267, which reflects that the “current returns still exceed risk”. Onchain data indicates that whales have steadily accumulated XRP over the past month, pointing to demand despite the weak price action. Read more -
Cointelegraph.com - 05:04 Mar 28, 2026
Crypto lawyer Jake Chervinsky said legislation covering crypto developer protections has been overshadowed by the intense focus on stablecoin yield in the CLARITY Act. US Senator Cynthia Lummis has dismissed claims that the Digital Asset Market Clarity Act fails to protect decentralized finance innovators from legal repercussions, rebutting that recent changes to the draft will make it the “strongest protection for DeFi and developers ever enacted.” Her comments on Friday came in direct response to crypto lawyer Jake Chervinsky, who argued that Title 3 of the current draft undermines the Blockchain Regulatory Certainty Act — another crypto bill focused on developer protections — by subjecting non-custodial software developers to know-your-customer obligations. “Don’t believe the FUD,” Lummis said, adding, “We have worked on a bipartisan basis for the last few weeks to make changes to Title 3 that make this bill the strongest protection for DeFi and developers ever enacted. We have to pass the Clarity Act to g... -
Cointelegraph.com - 03:04 Mar 28, 2026
Ripple’s Brad Garlinghouse noted that stablecoin trading volume soared to over $33 trillion in 2025, while Bloomberg predicted that stablecoin flows would hit $56.6 trillion by 2030. Ripple CEO Brad Garlinghouse said stablecoins will be the crypto sector’s “ChatGPT moment” for businesses in search of faster, more efficient payments, and that many companies are already discussing and strategizing how to implement stablecoins into their operations. “You have boards of directors and CEOs of companies, whether it’s Fortune 500 or Fortune 2000, they’re asking their treasurers, they’re asking their CFOs, hey, what are we doing with stablecoins,” Garlinghouse told FOX Business on Friday. “Giving the treasurer and the CFO that option is the unlock,” he said. Read more -
Cointelegraph.com - 00:06 Mar 28, 2026
Bloomberg ETF analyst Eric Balchunas said Morgan Stanley’s 16,000 financial advisors, who manage $6.2 trillion in client assets, would have no problem recommending the product at such low fees. Investment bank Morgan Stanley is seeking to launch its spot Bitcoin exchange-traded fund at a 0.14% fee, which would make it the cheapest in the US market and potentially force rivals to cut fees to stay competitive. The 0.14% fee, proposed in Morgan Stanley’s latest S-1 registration statement on Friday, would be one basis point below the Grayscale Bitcoin Mini Trust ETF (BTC), currently the cheapest in the US market, and 11 basis points below the BlackRock-issued iShares Bitcoin Trust ETF (IBIT). “Big move here. They are not messing around,” Bloomberg ETF analyst James Seyffart said, predicting that the Morgan Stanley Bitcoin Trust (MSBT) is “likely to launch in early April.” Read more -
Cointelegraph.com - 21:37 Mar 27, 2026
The executive order is the latest in a wave of legal actions in the US seeking to curb government insider trading on prediction markets. California Governor Gavin Newsom signed an executive order on Friday, expanding rules to curb public servants and those close to them from benefiting from insider trading on prediction markets tied to political or economic events they can influence or are privy to. The order prohibits “gubernatorial appointees,” public officials appointed to office by the governor of the state, from using “confidential or non-public information” gleaned from performing their duties to profit from related prediction markets. Newsom’s executive order also extends the prohibition to include spouses, family members or former business partners of the appointed officials from using non-public information to profit. “Public service should not be a get-rich-quick scheme,” Newsom said. He added: Read more -
Cointelegraph.com - 21:15 Mar 27, 2026
Bitcoin price slumped on Friday as uncertainty over the US economy and war in Iran negatively impacted stock and crypto markets. Key takeaways: Bearish sentiment is rising as Bitcoin options professional traders lose confidence that the $66,000 level will hold for long. The exit of David Sacks as the Crypto and AI czar and a lack of a clear US Strategic Bitcoin Reserve plan added to investors’ doubts. Read more -
Cointelegraph.com - 20:30 Mar 27, 2026
Regulatory uncertainty shakes stablecoins as institutions push forward, prediction markets tighten rules and AI agents reshape micropayment economics. Stablecoins are once again at the center of the crypto business narrative — but for very different reasons. Circle’s sharp sell-off this week highlights how sensitive crypto equities remain to regulatory headlines, even when the underlying business fundamentals appear unchanged. At the same time, developments in Canada show institutions are moving in the opposite direction, quietly laying the groundwork for stablecoin integration into traditional finance. Elsewhere, prediction markets are facing growing pressure to clean up their act as regulators zero in on manipulation risks, while a new thesis from Forrester suggests the long-promised micropayments economy may depend less on infrastructure — and more on AI agents. Read more -
Cointelegraph.com - 20:15 Mar 27, 2026
The P2P.me team opened positions on the Polymarket prediction platform to wager whether the project would hit its $6 million fundraising goal. The team behind the P2P.me decentralized trading platform disclosed that it opened positions on the Polymarket prediction market related to its recent capital raise. The team opened the positions 10 days before the raise went live, wagering whether the project would hit its $6 million fundraising target, according to a disclosure published on the X social media platform. At the time the positions were opened, P2P.me had only one “oral commitment” from venture firm Multicoin Capital for $3 million in funding, “no signed term sheets” and “no guaranteed allocations,” the team said. Read more -
Cointelegraph.com - 20:06 Mar 27, 2026
Bitcoin and select major altcoins have turned down sharply, indicating that the bears are trying to take charge of the market. Key points: Bitcoin’s fall below the $66,000 support heightens the risk of a drop to the $62,500 level. Select major altcoins have broken below their immediate support levels, opening the gates for further downside. Read more -
Cointelegraph.com - 19:37 Mar 27, 2026
The US city is expected to pen an amicus brief in Coinbase's lawsuit against the state of Michigan, which the exchange filed ahead of its prediction markets launch. Lawyers representing the US city of Detroit plan to file an amicus brief in Coinbase's lawsuit against Michigan, which argues that federal regulators should have authority in overseeing prediction markets and not states. In a Thursday filing in the US District Court for the Eastern District of Michigan related to state officials’ motion for a preliminary injunction, District Judge Shalina Kumar approved an order which will allow Detroit to file a brief supporting state authorities in their lawsuit against Coinbase. Kumar gave Detroit’s lawyers until April 3 to make the filing as the lawsuit continues. In December, Coinbase filed its lawsuit against Michigan, as well as gaming authorities in Connecticut and Illinois, more than a month before the crypto exchange announced the launch of its prediction market services on the platform. Read more -
Cointelegraph.com - 17:38 Mar 27, 2026
The bill proposes exempting dollar-pegged stablecoins from gains or losses if the tokens remain tightly pegged to the underlying fiat currency. US Representatives Max Miller and Steven Horsford published a discussion draft bill on Thursday titled the ‘‘Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Yields Act’’ or the ‘‘Digital Asset PARITY Act,” to overhaul the tax code for digital assets. The Digital Asset PARITY Act seeks to overhaul the Internal Revenue Code of 1986 by adding provisions that would clarify the tax treatment of digital assets. The legislation said that stablecoins are not subject to gains if the cost basis, or the amount paid by the investor, does not fluctuate by more than 1% of $1 or $0.01, according to the discussion draft. Read more -
Cointelegraph.com - 16:38 Mar 27, 2026
While prediction market platforms are under legal scrutiny in the US, many Coinbase users are claiming that the app is pushing them to gamble. Update (March 27 at 8:32 pm in UTC): This article has been updated to include a statement from Coinbase CEO Brian Armstrong. Negative reactions to cryptocurrency exchange Coinbase using its notifications to push bets on event contracts amid the March Madness basketball tournament range from “annoying” to “absurd.” In January, Coinbase rolled out prediction market bets for US-based users as part of a partnership with Kalshi. However, for some users, the last two months have been seen as an opportunity for the exchange to get people “hooked on sports gambling” using an app that many had devoted to crypto trading. Read more -
Cointelegraph.com - 15:10 Mar 27, 2026
Ether traders said ETH price could see further downside after bulls failed to defend the $2,000 support as signs of declining demand were apparent. Ether’s (ETH) drop below the $2,000 on Friday put it at risk of a deeper correction in the coming weeks or months. Key takeaways: Ether’s price shows structural weakness as it fails to hold above the $2,000 psychological support. Read more
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