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Minnesota’s new law allows state banks and credit unions to offer cryptocurrency custody services, addressing deposit flight to crypto exchanges and enhancing local financial competitiveness. #Update #Crypto $BTC
Chun Wang, co-founder of @F2Pool, named Mission Commander for SpaceX’s Mars mission, will take a two-year leave; his mining pool controls 11.3% of Bitcoin’s hashrate. #Update #Crypto $BTC
SEC Commissioner Hester Peirce clarifies that the upcoming rule on tokenization will not allow synthetic tokens, countering speculation about its scope; release delayed. #Update #Crypto $BTC
The U.S. House Oversight Committee, led by Rep. James Comer, is investigating @Polymarket and @Kalshi for potential insider trading by government employees using classified information for profit #Breaking #Legal $POLY $KAL
@IREN co-founder Daniel Roberts emphasizes that AI’s biggest bottleneck is infrastructure, not chips, as the company expands its AI infrastructure strategy with a $3.4 billion NVIDIA contract. #Update #Crypto $IREN
@ArkInvest purchased $5 million in Bullish (BLSH) stock, totaling $12.5 million over four days, as shares fell 17% amid Bitcoin’s struggle to surpass $80,000. #Update #Crypto $BLSH
@Polymarket is lobbying for prediction market authorization in Japan by 2030, appointing Mike Eidlin to lead efforts amid strict gambling laws. #Update #Crypto $JUP
@Polymarket is inaccessible in India following a government directive targeting illegal betting platforms; @Kalshi may face similar restrictions soon. #Update #Crypto $BTC
In a recent newsletter, @MorganStanley’s Sarah Cummings discussed evaluating crypto exchange-traded funds (ETFs), emphasizing custody and benchmark methodology as key factors for investors. #Update #Crypto $BTC
An investigation by Bubblemaps reveals a concerning trend of insider trading in prediction markets, with $2.4M placed on U.S. military operations before attacks on Iran, prompting congressional action. #Update #Crypto $POLY
A crisis is brewing at the Ethereum Foundation as key figures exit, prompting calls for a new organization aligned with Ethereum’s economic interests; community frustration grows over leadership and strategic direction. #Update #Crypto $ETH
@AmericanFortress unveils a patent-pending post-quantum signature scheme to protect $BTC and other major cryptocurrencies from quantum attacks, potentially safeguarding $400B in dormant assets. #Update #Crypto $BTC
Billionaire investor Mark Cuban sold most of his $BTC holdings, citing disappointment in its performance as a hedge against fiat currency instability during geopolitical tensions. #Update #Crypto $BTC
The U.S. Commodity Futures Trading Commission has signed a memorandum of understanding with the National Hockey League to oversee prediction market betting, enhancing integrity measures against fraud and insider trading. #Update #Legal $USDT
