Author: Kryptonews

The US state of Nevada has sued Kalshi after the prediction market company lost its court challenge to stop the state’s regulator from taking action over its sports prediction markets.The US Court of Appeals for the Ninth Circuit on Tuesday denied Kalshi’s bid to stop Nevada’s gaming regulator from taking action on its sports event contracts, removing a block on the regulator launching a civil suit against the company.After the decision, the Nevada Gaming Control Board promptly filed a civil enforcement action in state court against Kalshi, which it said sought to block the company “from offering unlicensed wagering in…

Comparing the Trump administration’s efforts to control historical documentation to George Orwell’s 1984, a federal judge ordered the return of displays that acknowledge George Washington’s ownership of enslaved people to a monument in Philadelphia. Last month, the National Park Service removed the signs from the President’s House Site, the presidential residence for Washington and John Adams before the completion of the White House. The President’s House Site is part of the Independence National Historical Park, which is managed by the NPS. The removed exhibit described “the local history of slavery and commemorating the nine enslaved people Washington kept there while…

In a recent disclosure, a Russian official brought to light that each year, approximately $129 billion in cryptocurrency is being moved by Russians on an international scale. This sizable movement of funds occurs often beyond the regular purview of traditional financial systems, bypassing standard scrutiny. While this scenario might trigger concerns among regulators and market observers, it simultaneously carves out a spectrum of opportunities for savvy investors willing to delve into the intricate dance of cryptocurrency movements.The sheer volume of these transactions signifies a deep-rooted engagement with cryptocurrencies, indicating potentially novel financial strategies beneath the surface. For the astute investor,…

Crypto venture firm Dragonfly Capital completed a $650 million fourth fund, marking one of the largest raises in the sector at a time when many blockchain-focused VCs are struggling, Managing Partner Haseeb Qureshi said.“It’s a weird time to celebrate,” Qureshi wrote on a social media post on Tuesday, describing low spirits and “the gloom of a bear market” for crypto. However, he noted that Dragonfly has historically raised capital during downturns, including the 2018 ICO crash and just before the 2022 Terra collapse, ‘vintages,’ he said, ultimately became the firm’s best performers.In September, the firm said it was aiming to…

Exchange-traded fund issuers Bitwise and GraniteShares have filed with the US Securities and Exchange Commission to launch funds tied to event contracts on the outcome of US elections.Bitwise filed a prospectus on Tuesday for a new lineup of ETFs branded as PredictionShares, with six prediction market-style ETFs on NYSE Arca.The first two funds will pay out if either a Democrat or a Republican wins the U.S. presidential election in November 2028. The next two will pay out if either Democrats or Republicans win the Senate in November 2026, and the final two if either party wins the House.“The fund’s investment…

Decentralized SocialFi platform Zora has launched its new attention markets platform on Solana, allowing traders to speculate on which buzzwords, hashtags, trends and topics will go viral online.“Trade what’s trending. Take positions on any topic, idea, meme, or moment before it breaks,” Zora’s newly launched platform states. One of Zora’s founders, Jacob Horne, said on Tuesday that it costs 1 Solana (SOL), currently $85, to deploy a “Trend,” aimed at disincentivizing spam. Trends have no creator rewards.Zora is also enabling “Pairs” to be created under a Trend, which does offer creator rewards.In a promotional video, Zora referenced the $redlight and $coldplunge…

On Super Bowl Sunday, Universal Pictures debuted the first full-length trailer for Disclosure Day, Steven Spielberg’s latest extraterrestrial epic. Scattered throughout the trailer are repeated references to cardinals, presented as a kind of harbinger of alien life. If that sounds a little familiar, eagle-eyed art viewer, you’re not alone. Artist Trevor Paglen took to Instagram last week to note the visual link between his 2024 and 2025 shows at Altman Siegel and Pace—both titled “Cardinals” and exploring the history and present of UFO photography—and the new Spielberg film. “Not even mad it’s just kinda weird—I think he should buy some…

Bridge, a stablecoin infrastructure firm owned by Stripe, said Tuesday it has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to form a national trust bank.The charter would let Bridge National Trust Bank issue stablecoins, custody digital assets and manage reserves under direct federal oversight. It’s the latest step in Stripe’s broader push into blockchain-based payments since it acquired Bridge for $1.1 billion in 2024.”This approval positions Bridge to help enterprises, fintechs, crypto businesses and financial institutions build with digital dollars inside a clear federal framework,” the company said in the press release.Bridge says…

Elemental Royalty Corporation (ELE) is now offering shareholders something no other public gold company has before: the option to receive dividends in blockchain-based tokens backed by gold.In a move announced Tuesday, the Canada-based royalty company said it will distribute shareholder returns using stablecoin issuer Tether’s tokenized gold, Tether Gold (XAUT).Shareholders choosing this route will receive their dividends in XAUT rather than fiat money, providing exposure directly tied to the price of gold with the added flexibility of digital settlement.This marks the first time a publicly listed gold company has made such an offer, according to the press release. The move…

Key takeaways:Institutional sentiment is shifting toward ETH as elite funds reallocate capital from Bitcoin to Ether ETFs.BlackRock’s ETH ETF pairs secure staking with a low 0.25% fee, creating a major win for mainstream crypto access.Dominance in the $20 billion real-world asset sector proves that big money prioritizes network security over low gas fees.Ether (ETH) has failed to reclaim the $2,500 level since Jan. 31, leading traders to question what might spark sustainable bullish momentum. Investors are waiting for definitive signs of a favorable sentiment shift; meanwhile, three distinct events could signal the end of the bear cycle that bottomed at…