Lawmakers are pushing new regulation for prediction markets after suspiciously timed Polymarket bets on US and Israeli strikes on Iran raised insider-trading concerns. Prediction market platforms Kalshi and Polymarket are reportedly exploring new fundraising rounds that could value the companies at around $20 billion each, roughly double their most recent valuations. Both platforms have held...Continue Reading

Stablecoin monthly transaction volume reached a record $1.8 trillion in February, as USDC surprised analysts with 70% of the total volume. Stablecoins have hit an all-time high in monthly transaction volume, as Circle’s USDC (USDC) flipped Tether’s USDt (USDT), new data shows. Key takeaways: Stablecoin monthly transaction volume reached a record $1.8 trillion in February....Continue Reading

xAI’s Grok drew massive attention on X after delivering profanity-filled roasts of Elon Musk, Benjamin Netanyahu and Keir Starmer following user prompts. xAI’s chatbot Grok has sparked widespread buzz on X after delivering a series of explicit roasts targeting high-profile figures like Elon Musk, Israeli Prime Minister Benjamin Netanyahu and UK Prime Minister Keir Starmer....Continue Reading

A pilot involving the central bank and major financial institutions tested whether distributed ledger infrastructure could streamline bond issuance, trading and settlement. Canada has completed a pilot program testing the use of distributed ledger technology in bond markets, culminating in the issuance of the country’s first tokenized bond, according to a Friday announcement from the...Continue Reading

SB 314 expands Florida’s money services law to cover stablecoins, requiring issuer compliance with existing regulations while banning unlicensed issuance. Florida lawmakers have approved a state-level framework regulating payment stablecoins, moving the legislation to Governor Ron DeSantis’ desk for final approval. In a Friday post on X, Samuel Armes, founder of the Florida Blockchain Business...Continue Reading

Bitcoin whales have sold about 66% of the Bitcoin they recently accumulated since Wednesday, according to crypto sentiment platform Santiment. Retail investors have been scooping up Bitcoin after it slipped below $70,000, but whale activity suggests the price could still head lower if past patterns repeat, according to crypto sentiment platform Santiment. “The moment Bitcoin...Continue Reading

Mixers, privacy coins and the threat quantum computing could pose to Bitcoin were all points of speculation across the industry following the release of Trump’s Cyber Strategy. Crypto industry executives are combing through US President Donald Trump’s National Cyber Strategy after it was released on Friday, searching for hints about what it could signal for...Continue Reading

If the crypto industry and community banks cannot find common ground on the CLARITY Act, the only winners will be the “big banks,” according to crypto executive Austin Campbell. A crypto executive has pushed back against claims by the president of a community banking association that any compromise between the banking sector and the crypto...Continue Reading

Bitcoin’s price volatility tends to scare off buyers, but data shows investors who hold for at least three years have a higher chance of locking in significant returns. Bitcoin (BTC) gets a bad name among some investors due to its steep double-digit drawdowns that punish late buyers, but data suggests the outcome can change with...Continue Reading

Nevin Shetty was convicted of wire fraud related to secretly moving $35 million in funds from a Seattle startup to his own crypto platform in 2022 to use for DeFi investments. A Seattle judge has sentenced the former chief financial officer of a local startup to two years in prison following his conviction for wire...Continue Reading