Crypto
Cryptocurrency, blockchain, and digital asset news.
NYC council announces probe into ‘predatory marketing practices’ on prediction markets
Council Speaker Julie Menin sent letters to four companies offering prediction market services to New Yorkers as part of an investigation into their marketing practices.
Kraken adds S&P 500 to funded trading program, commodities to follow
Kraken’s funded trading program adds round-the-clock exposure to the US equity benchmark as it builds out its multi-asset offering.
Bitwise cuts 14% of staff while still expecting growth
Crypto companies from including Coinbase, BitGo, Robinhood, Polygon and Pump.fun have announced workforce reductions this year, citing a variety of reasons, including shifting to AI and market forces.
Goldman Sachs leaps into bitcoin income ETFs with $2.25 billion NEOS buyout
The $2.25 billion deal expands Goldman’s derivative platform to $130 billion in total ETF assets, taking direct aim at BlackRock's rival BITA fund, according to an analyst.
FlightAware drops Kalshi lawsuit one day after filing
Following the initial lawsuit, at least one of Kalshi’s event contracts was changed to list “Primary Source Agency” as the entity behind verifying flight cancellation data.
Bank of England tests stablecoin, digital pound interoperability in cross-border payments
The Digital Pound Lab is testing a cross-border trade finance flow combining stablecoin payments with simulated digital pound settlement.
Wintermute plans $1 billion AI push beyond crypto: Bloomberg
The firm aims for non-crypto markets to drive over 50% of revenue by 2027, up from 10% currently, as it seeks to diversify its business.
Solana platform taps prediction market Kalshi for Wall Street-style high-speed data feed
Solana-based DoubleZero looks to meet institutional demands by adding prediction market Kalshi’s order book to its low-latency market data feed.
HashKey begins beta distribution of Hong Kong-regulated HKDAP stablecoin
HashKey has become an authorized distributor for Anchorpoint’s HKDAP, expanding institutional access as Hong Kong’s regulated stablecoin market takes shape.
Bitcoin eyes $63K as US CPI relief sends September Fed rate pause odds to 60%
Bitcoin price action did not reflect relief in US CPI inflation numbers matching expectations amid a warning over $63,000 failing as support.
Miden bets on privacy stablecoins with introduction of USDCx
USDCx will let users transact without publicly exposing balances, counterparties or transaction histories, while allowing selective disclosure for compliance.
Crypto Long & Short:
In this week's Crypto Long & Short, LMAX Group's Jenna Wright argues that markets break down not from too little capital but from capital stuck in the wrong place, trapped by settlement cycles while r
Kalshi launches sports and crypto perps data feed on DoubleZero
Kalshi launched access to its sports and crypto perpetual data feed through DoubleZero’s dedicated fiber network to bolster institutional data access.
Smart contract blockchain Solana nearly froze Wednesday, Marinade Finance says
Slovenia joins EU’s MiCA stablecoin register with first issuer
Slovenia entered the EU’s MiCA stablecoin register through electronic money institution Dinaro, as the update also added two new CASPs.
El Salvador’s Bitcoin experiment turns 5: ‘It was for us, not them’
Five years after El Salvador made Bitcoin legal tender, the experiment has fallen short of its original promises for locals, but it’s been great for Bitcoin’s global profile.
Wintermute to pour $1B in AI, high-frequency trading amid TradFi expansion: report
Wintermute will reportedly invest $1 billion in AI infrastructure and high-frequency trading as part of its expansion into traditional finance.
Standard Chartered-led Anchorpoint launches Hong Kong dollar stablecoin
HashKey Exchange and OSL Group are now authorized distributors, enabling institutional and professional investors to mint and redeem HKDAP tokens.