Kalshi Faces Lawsuit Over Unpaid Wagers
Kalshi faces a lawsuit in California over market resolution on Iranian leader’s death, accused of inadequate rule disclosure. Plaintiffs seek damages. #Update #Legal
Decrypt News
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DeSantis Advances Florida Stablecoin Framework
Florida’s Senate passed Bill 314, integrating stablecoins into anti-money laundering laws. Governor Ron DeSantis will review it soon. #Update #Crypto
Bitcoin Scandal: CFO Loses $35M, Jailed
Nevin Shetty sentenced to two years for diverting $35M to his DeFi platform, HighTower Treasury, causing company layoffs after Terra collapse. #Breaking #Legal
Polymarket Bet Crashes $550K Loss
An account linked to George Cottrell lost $550K on a Polymarket bet regarding a U.S. Iran strike, highlighting regulatory scrutiny of prediction markets in the UK. #Update #Legal
Bitcoin Surges as NYSE Buys Crypto Exchange
Intercontinental Exchange invests in @OKX at a $25B valuation, causing a 38% surge in $OKB. ICE gains a board seat as OKX plans US expansion. #Breaking #Crypto $OKB
OpenAI Launches GPT-5.4 Amid QuitGPT Exodus
OpenAI launched GPT-5.4 amid backlash over its Pentagon contract, enhancing reasoning and efficiency for enterprise users despite the QuitGPT movement. #Update #Tech
Crypto Transactions Surge $3B in Iran
Iran’s cryptocurrency activity surged in 2025 with $3 billion tied to IRGC, amid $154 billion illicit flows globally, impacting $BTC prices. Crypto
OKX Launches Social Trading Platform
Crypto exchange @OKX launches Orbit, a social feature in its app for market discussions and trades, excluding users in the U.S., Europe, Singapore, Australia, and UAE. Crypto
Bitcoin Reserve Proposal Closure in Vancouver
Vancouver city staff recommend closing a motion to hold $BTC in reserves, citing legal constraints under the Vancouver Charter. The proposal initially aimed to make the city “Bitcoin-friendly.” #Update #Crypto $BTC
Roblox Launches AI for Real-Time Chat Censorship
Roblox introduces AI-powered chat rephrasing to replace profanity with appropriate language, enhancing gameplay communication while maintaining community standards. #Update #Tech
SEC Settles Justin Sun Case $10M
The SEC proposes a $10M settlement with @RainberryInc, dismissing claims against Justin Sun and affiliates in a market-manipulation case. Awaiting court approval. #Breaking #Legal $TRX
Crypto Brand Sues Pudgy Penguins Over IP
PEI Licensing sues @PudgyPenguins for trademark infringement, alleging consumer deception and seeking profits from sales, trademark rejections, and product destruction. #Update #Legal
OCC Expands Crypto Pipeline with ZeroHash
ZeroHash seeks OCC national trust bank charter for digital assets, joining a growing list including Morgan Stanley. Revolut pursues U.S. banking charter for crypto services. #Update #Crypto
Bitcoin Mining Firm Secures $1B AI Pivot
Core Scientific secures up to $1 billion financing from Morgan Stanley to pivot from Bitcoin mining to AI-focused data centers, planning to monetize remaining Bitcoin holdings. #Update #Crypto $BTC