Kalshi previously said it had been placed in an “impossible position” after federal authorities directed the company to ignore a Michigan restraining order issued in June. Michigan’s attorney general announced that a state court had ordered a preliminary injunction against Kalshi, blocking the prediction markets platform for residents amid what officials called “sports betting […]...Continue Reading

Mantle has added Paxos-issued USDG as a natively minted stablecoin while joining the network’s reward-sharing structure. Paxos-issued stablecoin USDG has launched natively on Mantle, with the Ethereum layer-2 network joining the Global Dollar Network as a partner, according to a Thursday announcement. The integration makes USDG one of the first stablecoins to be natively minted...Continue Reading

Bitcoin rallied 5% to reclaim $80,000 as the US dollar weakened amid a suspected Bank of Japan currency intervention, though analysts remain split on the impact. Bitcoin (BTC) rallied 5% during US trading hours, reaching $81,000.  Key points:  At the time of writing, BTC stands at $81,000, near the highs seen during last month’s surprise...Continue Reading

The integration lets Bybit users spend digital assets directly from their exchange balances across Mesh-powered platforms. Bybit Pay, the payments arm of crypto exchange Bybit, has integrated with crypto payments infrastructure provider Mesh, allowing users to make payments and fund accounts on supported platforms directly from their Bybit balances. The integration lets Bybit users select...Continue Reading

The UK political party and its leader, Nigel Farage, have accepted contributions from figures tied to the crypto industry, raising questions about potential influence on policies. Records from the UK’s Electoral Commission showed that BitMEX co-founder Ben Delo’s contributions to the country’s Reform party made up about three-quarters of the $7.3 million it received in...Continue Reading

The deal will bring SoFiUSD to Kraken, connect Payward to SoFi’s 24/7 dollar settlement network and give SoFi access to digital asset liquidity through Kraken Prime. Kraken parent Payward has partnered with SoFi in a deal that will bring SoFiUSD to Kraken and connect the crypto platform to SoFi’s 24/7 dollar settlement network. Under the...Continue Reading

Crypto recovery specialists reveal how lost wallets, passwords and seed phrases can sometimes be recovered — but that’s of no help if the money was never there in the first place. When a client named Rusty contacted crypto recovery specialist Chris Brooks in 2021, he said he and two others had won 5,000 Bitcoin in...Continue Reading

VARA and Securitize signed an MoU to foster more tokenization innovation in Dubai and explore how tokenized financial innovation should be regulated in the region. Dubai’s Virtual Assets Regulatory Authority (VARA) and BlackRock-backed tokenization platform Securitize signed a Memorandum of Understanding (MoU) to advance tokenization and digital asset infrastructure across the United Arab Emirates and...Continue Reading

Nvidia agreed to buy Hugging Face for $12.93 billion, gaining a platform used by more than 18 million developers to share and deploy AI models. Nvidia has agreed to acquire Hugging Face for $12.93 billion, expanding the chipmaker’s reach into the software that developers use to build and deploy artificial intelligence. Hugging Face operates an...Continue Reading

Pencil Finance said that its first-of-a-kind loan offered financing to 6,600 students in Southeast Asia who were underserved by traditional lenders. Student loan real-world asset (RWA) protocol Pencil Finance completed a $1 million onchain student loan cycle, offering financing to thousands of students in Southeast Asia who were underserved by traditional lenders. Pencil said it...Continue Reading