Kalshi said nearly $5 billion in similarly sized Ether perpetual trades reflected its liquidity incentive programs and rejected allegations that the activity was wash trading. Prediction markets operator Kalshi said it has not been contacted by the Commodity Futures Trading Commission and does not believe there is any formal examination, after a report that the regulator was reviewing a flurry of trading activity in its Ether perpetual futures market. On Tuesday, The Wall Street Journal reported that the CFTC is examining a pattern of rapid trades clustered around $5,500, citing a person familiar with the matter. The trading pattern has prompted allegations of wash trading. The scrutiny comes as Kalshi has reported rapid growth in its perpetual futures business. A week after launching it…
SEC Commissioner Mark Uyeda said that the agency dropped many cases against crypto companies in early 2025 to avoid potential credibility problems in court. Mark Uyeda, who served as acting chair of the US Securities and Exchange Commission (SEC) before Paul Atkins’s confirmation, said the agency dropped civil cases against cryptocurrency companies filed under the previous administration because it was preparing a “180-degree change” in rulemaking. In a Wednesday panel at the Psaros Center for Financial Markets and Policy’s Financial Markets Quality Conference, Uyeda said the SEC dropped cases involving crypto companies in early 2025 as it could have hurt the agency’s credibility in arguing positions in court contrary to its planned policy changes. Uyeda argued that there had been “signifi…
The crypto executive and Dystopia Labs founder previously held senior roles at Stellar and Solana before joining venture capital firm Hack VC. Hsin-Ju Chuang, a former partner at crypto venture firm Hack VC, has died at age 37, according to the San Bernardino County Sheriff-Coroner. California Highway Patrol officers responded to southbound Interstate 15 south of Field Road on Aug. 24, where Chuang was pronounced dead at the scene. Authorities have not publicly disclosed a cause of death. Cointelegraph contacted the California Highway Patrol for additional information but did not receive a response by the time of publication. According to her LinkedIn profile, Chuang founded Dystopia Labs and previously served as head of growth at Stellar and Solana. She joined Hack VC as a venture partner…
The case between New Jersey authorities and a prediction market company, if accepted by the Supreme Court, could result in clarity for state and federal officials over sports bets. A group of US state lawmakers has filed an amicus brief with the US Supreme Court, urging justices to weigh in on a case between prediction markets platform Kalshi and gaming authorities. On Tuesday, the National Council of Legislators from Gaming States (NCLGS) filed in the US Supreme Court, supporting New Jersey’s Attorney General and gaming authorities’ petition for a writ of certiorari. The petition, filed on Sept. 2, asked the nation’s highest court to consider New Jersey’s case against Kalshi, potentially resolving whether state authorities or federal agencies have jurisdiction over prediction market comp…
President Donald Trump disclosed a July purchase of Strategy shares as his administration continues to advance crypto policy through federal regulators and Congress. President Donald Trump disclosed purchasing $50,001 to $100,000 worth of Strategy shares in July, according to a US Office of Government Ethics filing released Tuesday. The filing shows Trump bought $50,001 to $100,000 worth of Strategy shares on July 27, following a smaller $1,001 to $15,000 purchase three days earlier. Strategy is the world’s largest publicly traded corporate Bitcoin holder, with 846,000 BTC, according to BitcoinTreasuries.net data. Trump also disclosed transactions involving several other crypto-linked companies, including a Coinbase stock purchase and sales of Bitcoin miners MARA Holdings and CleanSpark in…
The survey released by Visa posited that bank-like protections for stablecoins could increase adoption in the US as companies are preparing for the enactment of the GENIUS Act. Visa released the results of a survey signaling that bank-level fraud protection and insurance could drive adoption in stablecoins for cross-border transactions among US users. In a survey of 2,192 US-based customers published on Wednesday, Visa said that the “adoption intention” of stablecoins among US users could climb from 36% to 56% “in a hypothetical scenario with bank-level fraud protection and deposit insurance.” The findings from a survey by Morning Consult between February and March showed that Americans who were asked about financial terms like stablecoins were looking for faster and cheaper methods to sen…
The product gives European investors brokerage access to the LIT token as Bitwise expands its lineup of products tied to decentralized derivatives platforms. Bitwise Asset Management has launched an exchange-traded product (ETP) in Europe tracking Lighter, giving traditional investors a way to bet on one of Hyperliquid’s emerging rivals without buying its token directly. On Wednesday, Bitwise said its Bitwise Lighter Staking ETP (BLIT) had launched on Deutsche Börse Xetra, making it the first exchange-traded product tracking LIT, the native token of decentralized derivatives platform Lighter. The product is fully backed by LIT held in cold storage and carries a 0.85% annual expense ratio. European investors can buy the ETP through a regular brokerage account without buying or holding LIT d…
Blockchain.com users could gain access to tokenized US stocks and ETFs through NYSE’s planned digital trading platform under a new partnership, as bourses rush to deliver new trading. Blockchain.com and the New York Stock Exchange have signed a memorandum of understanding to give Blockchain.com users access to tokenized US-listed stocks and exchange-traded funds through NYSE’s planned digital trading platform. Under the proposed arrangement, Blockchain.com would distribute tokenized US equities and ETFs traded on NYSE’s digital alternative trading system (ATS), subject to regulatory approval. The deal would extend NYSE’s planned tokenized securities offering to Blockchain.com’s global customer base. The agreement also covers an exchange of market data. NYSE affiliate ICE Data Services plan…
Bitcoin long liquidations mounted as BTC/USD briefly traded below $84,000, while analysis flagged key support to hold. Bitcoin (BTC) was rejected near $87,000 on Wednesday as onchain data showed negative spot demand. Key points:
National regulators will map client-facing uses of the technologies, check a subset of firms and develop common approaches to oversight. The European Securities and Markets Authority (ESMA) will make AI and tokenization the initial focus of a new supervisory priority on digital innovation starting in 2027. Across the European Union, supervisors will identify where tokenization is emerging and document how firms use or plan to use AI and tokenization in products and processes that directly affect investors. They will also conduct initial checks on a subset of the most affected firms. ESMA said Wednesday that the priority is intended to help supervisors build expertise and develop common approaches as firms increasingly use AI and tokenized products in financial services.
The SEC has opened a five-year path for tokenized stocks, but only some products and venues fit the model. Will Uniswap, Robinhood, Coinbase or Kraken come out on top? “Tokenization is coming to America,” said Robinhood chief executive Vlad Tenev after the SEC announced its Innovation Exemption last week — and it seems the markets looked kindly on the development. BTC and ETH soared over 10%, and Uniswap’s UNI token — a protocol that looks as it if could become prime real estate for tokenized stock trading — gained more than 30% in the days that followed. While the Securities and Exchange Commission has indeed greenlit tokenized stocks in America, most of the existing stock tokens fall outside of the new rules.
Cross-border stablecoin transfers surged as the wider crypto market shrank 37%, with Chainalysis pointing to growing use for trade, remittances and savings. Crypto’s downturn over the last year has done little to slow stablecoins at the border, with cross-border stablecoin flows rising 77.5% in the year to June 2026 as the broader market lost more than a third of its value, according to new research from Chainalysis. In its newly released 2026 Global Crypto Adoption Index, Chainalysis said cross-border stablecoin flows rose 77.5% to $220.3 billion in the 12 months ending June 2026, from $124.2 billion in the previous 12-month period, despite total crypto market capitalization falling 37% to $2.1 trillion over the same period. “The bear market hit the price-sensitive half of crypto and le…
MoonPay’s North Capital acquisition adds US broker-dealer, trading and investment infrastructure as it expands into tokenized securities. MoonPay, a crypto payments company, agreed to acquire private-markets infrastructure provider North Capital, expanding into regulated US securities infrastructure as it builds out services for tokenized real-world assets (RWAs). The acquisition would allow MoonPay to expand into the issuance, custody and secondary trading of private securities, including tokenized securities, the company said in an announcement shared with Cointelegraph on Wednesday. MoonPay’s all-stock deal to acquire North Capital is worth more than $60 million, a person familiar with the matter told Cointelegraph. MoonPay CEO Ivan Soto-Wright said the acquisition would help the compan…
EU supervisors warn quantum computing could weaken blockchain security as Bitcoin developers weigh a draft migration plan and Ethereum targets 2029. European Union financial supervisors warned Wednesday that advances in quantum computing could threaten the cryptography securing blockchains. The European Banking Authority, European Insurance and Occupational Pensions Authority and European Securities and Markets Authority said in a joint risk update that quantum computing could undermine systems used to secure transactions, communications and databases. The warning follows a more detailed assessment from Google Quantum AI. In March, its researchers estimated that breaking the cryptography used by many cryptocurrencies could require about 20 times fewer physical qubits than earlier estimates…
Michael Selig said tokenization could reshape financial markets as the CFTC and SEC continue advancing onchain initiatives despite the CLARITY Act setback. US Commodity Futures Trading Commission (CFTC) Chair Michael Selig said financial markets should prepare for “mass tokenization” as regulators adapt existing frameworks for blockchain, artificial intelligence and onchain markets. In remarks delivered Tuesday at the US Treasury Market Conference, Selig said tokenization of real-world assets (RWAs) could become the foundation of a more efficient financial system, enabling near-instant settlement and real-time collateral movement between clearinghouses, intermediaries and users. “Just as the transition from hand signals to electronic trading advanced our financial system, I believe token…
BTC price analysis concluded that onchain signals had “confirmed” the new Bitcoin bull market. Bitcoin (BTC) faces its “next real test” at $90,000 as traders continue to return to unrealized profit. Key points:
Bitpanda will provide crypto infrastructure to Raiffeisen network banks, potentially extending digital asset access to about 18 million customers. Raiffeisen Bank International (RBI), an Austrian banking group with operations across Central and Eastern Europe, is expanding its cryptocurrency push through a group-wide partnership with Bitpanda. Bitpanda Enterprise will provide the digital asset infrastructure that RBI’s network banks can use to introduce crypto services, potentially reaching about 18 million customers, according to a joint announcement on Wednesday. Individual banks will determine their offerings and rollout based on local market and regulatory requirements, the companies said. RBI CEO Michael Höllerer said the bank is seeing growing demand for crypto assets across its mark…
BitMEX officially ended exchange operations after more than 11 years, while withdrawals remain open as the crypto derivatives platform urges users to remove their funds. BitMEX ended all exchange operations at 4:00 UTC on Wednesday, two months after the crypto derivatives exchange announced plans to shut down after more than 11 years of operations. The platform no longer allows trading or deposits, but users can still log in and withdraw remaining balances through its website, BitMEX announced in an X post on Wednesday. As part of its gradual phaseout, BitMEX will disable application programming interface (API) withdrawals on Sept. 28, requiring users to process withdrawals through the web platform.
The proposed NU7 change would disable version 4 transactions, leaving ZEC in Zcash’s legacy Sprout shielded pool unspendable. Zcash users holding ZEC in the network’s legacy Sprout shielded pool should move it before the planned NU7 upgrade or risk losing the ability to spend it. Under Zcash Improvement Proposal-2003, NU7 would stop accepting the older transaction format that allows users to spend Sprout funds. ZEC left in the pool would become unspendable after the upgrade. The proposal would not burn Sprout funds and leaves open the possibility of restoring access later. However, it warns that holders may never be able to spend funds left in the pool.
US spot Bitcoin ETFs recorded more than $1.7 billion in net inflows over two days as Bitcoin rose above investors’ estimated average cost basis. US spot Bitcoin exchange-traded funds recorded more than $1.7 billion in net inflows over two days as Bitcoin traded above the estimated cost basis of the average ETF investor. The funds had $715 million in net inflows on Tuesday, following a 2026 high of $999 million on Monday, according to SoSoValue data. Total net assets across US spot Bitcoin ETFs reached around $111 billion on Tuesday, up 56% from their 2026 low of roughly $71 billion on June 30. The total remains about 13% below the 2026 high of $128 billion recorded on Jan. 14.
