Binance Sues RedotPay Founders for $470 Million
TLDR Binance is seeking about $472.8 million from three RedotPay co-founders. The exchange claims RedotPay diverted more than 470,...
Polymarket Reportedly Seeks $1 Billion Funding at $20 Billion Valuation
TLDR Polymarket is reportedly in early talks to raise $1 billion at a valuation above $20 billion. The company’s last confirmed ro...
Clarity Act Deadline Puts Prediction Market Rules in Question
TLDR Senators want language added to the Clarity Act or Farm Bill to keep sports prediction markets under state and tribal gaming...
Trump Memecoin Faces SEC Scrutiny Amid Investor Losses Claims
TLDR Senators Elizabeth Warren and Richard Blumenthal sent a letter asking the SEC to investigate the Trump memecoin. They say Tru...
BNY and Galaxy Launch Institutional Staking Partnership
TLDR BNY plans to add crypto staking to its Digital Asset Custody platform. Galaxy Digital will provide the validator infrastructu...
BlackRock Launches Tokenized Money Market Fund on Solana and Ethereum
TLDR BlackRock launched a new tokenized money market fund called BRSRV for stablecoin reserve management. The fund records ownersh...
Italy’s Largest Bank Triples Staked Ethereum ETF Position in Q2
TLDR Intesa Sanpaolo’s common Bitcoin ETF holding fell 93.7%, from 646,809 shares to 40,723. The bank’s held call option position...
FalconX Lays Off 10% of Staff as Crypto Market Slump Continues
TLDR FalconX laid off about 10% of its global workforce, citing a prolonged downturn in the crypto market. The prime brokerage is...
Kalshi CEO Blames Gambling Lobby for New York Lawsuit
TLDR New York is suing Kalshi for running an unlicensed gambling platform. Kalshi CEO Tarek Mansour says gambling companies are pu...
Bitmine Adds $19.6 Million in Ether, Buys Back 4.5 Million Shares
TLDR Bitmine bought 10,399 Ether last week Company now holds 5,797,813 ETH worth $10.9 billion Bitmine’s ETH holdings equal about...