Crypto and prediction market bigwigs are set to gather at the White House next week, according to a Thursday report from POLITICO. The report, citing people with knowledge of the matter, said the industry officials would meet one day before the Commodity Futures Trading Commission holds a meeting for its new Innovation Advisory Committee. The … Read more
Something big is brewing in the cryptocurrency world. The U.S. Securities and Exchange Commission (SEC) has just filed documents that suggest a major crackdown on stablecoins is coming. This isn’t just a rumor; these are official filings that signal a shift in how regulators view these digital currencies. We need to pay close attention to … Read more
Figure Technology Solutions reported $4.3 billion in consumer loan marketplace volume for the second quarter, up 132% from a year earlier, as its quarterly profit nearly tripled. On Thursday, Figure said net income rose 192% year over year to $87 million, from about $30 million. Net revenue more than doubled to $226 million, while its … Read more
The City of Baltimore and its mayor, Brendan Scott, filed lawsuits against Kalshi and Polymarket over allegations that the companies violated local gambling laws. In a Thursday notice, the Baltimore mayor’s office said that the two prediction market companies operated “illegal, unlicensed sports-betting platforms” and misled users about the ”legality and regulatory status of their … Read more
Bitcoin has fallen from a record high of roughly $126,080 in October to trade recently in the low-$60,000s — a decline of nearly 50% that has rattled sentiment. But it may just be business as usual. According to a Thursday report from asset manager VanEck, Bitcoin’s current slump tracks the asset’s historical four-year halving cycle, … Read more
The Blockchain Association urged the US Supreme Court to hear Custodia Bank’s challenge to the Federal Reserve’s denial of its application for a master account, which would give the crypto-focused bank direct access to the Fed’s payment system. In an amicus brief filed Wednesday, the industry group argued that federal law requires the central bank … Read more
Bitcoin operating company Nakamoto Inc. dropped its first quarterly results on Thursday, marked by a wide GAAP net loss in what the company is calling a turning point in its underlying operations. The Nashville-based company posted total operating revenue of $35.9 million for the quarter ended June 30, 2026, split between $25.6 million from its … Read more
Most decentralized finance (DeFi) protocols are no longer truly decentralized, according to Andre Cronje, founder of DeFi platform Flying Tulip and creator of Fantom Network. “I don’t think DeFi exists anymore outside of those very small niches,” Cronje told Cointelegraph during Thursday’s Chain Reaction X Spaces show. He argued that “true DeFi” needs to be … Read more
Bitcoin is sending two notable signals to the market this week: on-chain data suggests the cryptocurrency may be forming a macro bottom, while its price behavior is increasingly echoing gold’s role as a safe-haven asset. That’s according to two reports from blockchain data firm CryptoQuant, whose analysts pointed to the early stages of a bottoming … Read more
Crypto valuations could at least double as protocols increasingly use revenue to fund token buybacks and burns, according to Bitwise Chief Investment Officer Matt Hougan. On Wednesday, Hougan said crypto outside of Bitcoin is becoming a revenue-driven market in which network activity feeds into native-token value. He said investors have not priced in that change, … Read more