The U.S. Commodity Futures Trading Commission (CFTC) has dropped its appeal in its case against Kalshi, a New York-based prediction market, according to a Monday court filing, finally clearing the way for the platform to offer political event contracts. Under the conditions of the motion for voluntary dismissal, which is still subject to court approval, … Read more
New Hampshire has become the first state to allow the investment of its public funds into crypto assets with its governor signing the new law on Tuesday. The state beat a number of others to the punch this year as what had started as a surge in state lawmaker momentum had run into roadblocks over … Read more
Democrats in the U.S. House of Representatives derailed what was supposed to be a joint hearing on crypto policy efforts on Tuesday, insisting that President Donald Trump’s personal crypto dealings were too urgent to allow other discussion on instituting industry regulations. “I object to this joint hearing because of the corruption of the president of … Read more
Investment bank Compass Point downgraded MARA Holdings (MARA) to a sell rating from neutral on Tuesday, citing unsustainable cash burn. “There’s better ways to get BTC beta,” analysts wrote in the research note, pointing to Marathon’s hash price, now below 5.5 cents, as a signal of declining profitability. At current operational levels, Compass Point estimates … Read more
Eight decades of dollar history can be read as a three-act play. Act I was the Eurodollar—off-shore bank deposits that sprang up in 1950s London so the Soviet bloc, European exporters, and eventually every multinational could hold dollars outside U.S. regulation, spawning a multi-trillion-dollar shadow banking base. Act II was the Petrodollar. After 1974, OPEC’s … Read more
Formerly known as Janover (JNVR), DeFi Development Corporation (DFDV has added an additional 82,404 solana (SOL) tokens to its treasury, pushing its total holdings to 400,091 SOL. At SOL’s current price of $143, the company stack is worth more than $57 million. The newly acquired tokens include locked SOL, purchased through BitGo’s over-the-counter desk, according … Read more
It is often said that crypto is part technology and part religion. As such, it is hardly surprising that the unfolding regulatory overhaul has been accompanied both by vigorous soul searching related to the state of crypto’s (often anti-establishment) core values and palpable excitement over potential new use cases. With the blessing of CoinDesk, I … Read more
President Donald Trump’s personal involvement in crypto has inspired a vigorous Democratic response in the Senate, including a new bill from Senator Chris Murphy to ban presidents and their families from dabbling in memecoins or issuing other financial assets. As the Connecticut lawmaker was introducing the Modern Emoluments and Malfeasance Enforcement (MEME) Act overnight, fellow … Read more
SOL Strategies (HODL), the Toronto-listed digital asset firm focusing on Solana (SOL), said on Tuesday it has acquired over $18 million worth of SOL tokens, using proceeds from a newly secured financing deal. The company purchased 122,524 SOL for $18.25 million at an average price of $148.96 per token, according to a press release. The … Read more
VanEck has filed paperwork to sell shares in an exchange-traded fund (ETF) tracking crypto exchange Binance’s blockchain. The asset manager submitted an S-1 document with the Securities and Exchange Commission (SEC) on Monday for a BNB ETF, becoming the first prospective issuer to file for such a fund in the U.S. BNB is the native … Read more
