US Lawmakers Push Supreme Court for Clarity on Kalshi Prediction Market Case
US lawmakers from gaming states are urging the Supreme Court to hear the Kalshi case, seeking clarity on prediction market regulation and sports betting.
◆ Top story // Markets
Hsin-Ju Chuang, a former Hack VC partner and founder of Dystopia Labs, has passed away at the age of **37**, marking a significant loss for the crypto community.
US lawmakers from gaming states are urging the Supreme Court to hear the Kalshi case, seeking clarity on prediction market regulation and sports betting.
Former President Donald Trump disclosed an investment of up to $100,000 in "Strategy" shares made in July, according to a recent ethics filing.
Prediction market Kalshi has clarified it is not under investigation by the CFTC regarding unusual patterns in its ether perpetual market, attributing them to liquidity incentives.
Hsin-Ju Chuang, a 37-year-old former Hack VC partner, was found dead in a remote California desert vehicle following a public dispute with the firm.
A Visa survey suggests that implementing bank-like protections for stablecoins could significantly boost their adoption across the United States.
Patrick Witt, crypto adviser to Donald Trump, accused Democrats of weaponizing Trump's crypto ties following the Clarity Act's defeat.
Crypto asset manager **Bitwise** has launched its **first Exchange Traded Product (ETP)** for the **LIT token**, providing **European investors** with brokerage access.
NYSE and Blockchain.com are partnering to offer tokenized US stocks and ETFs to Blockchain.com users via NYSE's planned digital trading platform.
The FBI's annual Virtual Asset Technical Exchange (VATE) gathers law enforcement and crypto-security experts to share intelligence on digital asset crimes.
Tron, originally a content-distribution project, now processes an estimated $150 billion to $190 billion in stablecoin transfers weekly.
Bitcoin experienced substantial long liquidations totaling **$280 million** as its price briefly dipped below the **$84,000** mark.
The European Securities and Markets Authority (ESMA) will prioritize EU-wide supervision of AI and tokenization starting in 2027.
The U.S. Securities and Exchange Commission (SEC) has laid out a five-year pathway for tokenized stocks, though only specific products and venues will qualify.
A substantial **$18 billion** worth of **Bitcoin** and **Ether** options are poised to expire this Friday, marking a significant quarterly settlement event for the crypto derivatives market.
Cross-border stablecoin transfers surged by **78%** as the wider crypto market contracted **37%**, highlighting their growing utility for global transactions.
MoonPay has acquired **SEC-registered North Capital** for **$60 million** in an **all-stock deal**, aiming to boost tokenized real-world asset adoption.
MoonPay has acquired SEC-registered North Capital for over $60 million in an all-stock deal, expanding its services into tokenized securities.
EU supervisors warn that quantum computing could weaken blockchain security, with Ethereum targeting 2029 for quantum resistance.
Bitcoin (BTC) has dipped below **$86,000** while Bitcoin Cash (BCH) surged **28%** following news of a **CME futures listing**.
A recent CoinDesk analysis suggests the S&P 500 is grappling with a 'breadth' problem, a challenge not observed within the cryptocurrency market.
Bitcoin is consolidating near **$86,000** as **Bitcoin Cash (BCH)** surged **32%** in **24 hours** following news of its **CME futures listing**.
Pioneering cryptocurrency derivatives exchange **BitMEX**, co-founded by **Arthur Hayes**, has officially ceased its operations after **11 years**, though users can still withdraw funds.
CFTC Chairman Michael Selig stated that tokenization could reshape financial markets, even as the CFTC and SEC advance onchain initiatives despite the CLARITY Act setback.
Onchain analysis confirms a new Bitcoin bull market, but the **$90,000** price level poses a significant profit-taking risk for investors.
US spot Bitcoin ETFs saw over $1.7 billion in net inflows in two days, pushing Bitcoin's price above its holders' average cost basis.
Bitcoin's 10% September gain positions it for a rare three-month winning streak, a pattern not witnessed since 2012.

A Cambridge study estimates Ethereum consumes 7.87 GWh annually, ranking it second-lowest in market-value-adjusted energy intensity among PoS networks.

Ethereum's price climbed 3% due to a tokenization boom and institutional accumulation, yet weak onchain and derivatives data signal potential vulnerability to a $1,700 retest.

The Ethereum Foundation used coordinated AI agents to find a remotely triggerable crash bug in its validator software, highlighting AI's potential in blockchain security.
Crypto asset manager **Bitwise** has launched its **first Exchange Traded Product (ETP)** for the **LIT token**, providing **European investors** with brokerage access.
Tron, originally a content-distribution project, now processes an estimated $150 billion to $190 billion in stablecoin transfers weekly.
A proposed Zcash network upgrade, NU7, is set to disable version 4 transactions in November, making ZEC held in the legacy Sprout shielded pool unspendable.
Coinbase users can now borrow **USDC** stablecoins against their **bitcoin** holdings, featuring a **fixed interest rate** and a predetermined **repayment date**.
Arch Lending announced plans to accept tokenized equities as collateral, signaling a growing integration of traditional assets into DeFi.
Trueo, a prediction market, has migrated from the Base Layer 2 blockchain to the Ethereum mainnet for greater integration potential.

NFT brand Pudgy Penguins is launching its new Vibes Series 3 trading cards in Target stores nationwide, marking a significant expansion into mainstream retail.

The popular NFT project Pudgy Penguins has announced the closure of its mobile battle royale game, Pudgy Party, shifting focus to its immersive Pudgy World experience.

Pudgy Penguins is halting development of its mobile game, Pudgy Party, to concentrate resources on its immersive virtual world, Pudgy World.
US lawmakers from gaming states are urging the Supreme Court to hear the Kalshi case, seeking clarity on prediction market regulation and sports betting.
Patrick Witt, crypto adviser to Donald Trump, accused Democrats of weaponizing Trump's crypto ties following the Clarity Act's defeat.
The FBI's annual Virtual Asset Technical Exchange (VATE) gathers law enforcement and crypto-security experts to share intelligence on digital asset crimes.
Hsin-Ju Chuang, a former Hack VC partner and founder of Dystopia Labs, has passed away at the age of **37**, marking a significant loss for the crypto community.
Former President Donald Trump disclosed an investment of up to $100,000 in "Strategy" shares made in July, according to a recent ethics filing.
Prediction market Kalshi has clarified it is not under investigation by the CFTC regarding unusual patterns in its ether perpetual market, attributing them to liquidity incentives.