Stablecoins Revolution: Trace Finance Secures $32M
Trace Finance raised $32M Series A led by Coinfund, with participation from Coinbase Ventures and others, to expand stablecoin infrastructure globally. #Update #Fintech
Crypto News
General category for all types of news related to the cryptocurrency world.
Gaming Groups Urge Congress to Ban Sports Betting
Several gaming and labor groups urge the US Senate to amend the Digital Asset Market Clarity Act to ban event contracts linked to sports betting, citing concerns over unchecked gambling expansion. #Update #Legal $USDC
Kentucky Targets Prediction Markets Amid Trump Clash
@Polymarket defends against CFTC’s regulatory claims on prediction markets, supported by Trump, as the agency counters lawsuits from eight states including New Mexico. #Update #Legal $USDT
Crypto Candidate Wins Alabama Senate Runoff
More than $12M from crypto-aligned PACs supported Barry Moore’s Alabama Senate runoff victory, positioning him as a pro-crypto candidate ahead of upcoming primaries. #Update #Crypto $BTC
Polymarket Faces $487K Dutch Penalty
@Polymarket’s operator fined €420,000 by KSA for halting Dutch service a day late. Polymarket contests the decision, highlighting EU-US regulatory differences on prediction markets. #Update #Legal
Nvidia Launches Self-Training AI Robots
Nvidia, Carnegie Mellon, and UC Berkeley launched ENPIRE, enabling AI agents to autonomously train robots for tasks like pin insertion, achieving a 99% success rate. #Update #Tech
Estonia Launches AI National ID Initiative
Estonia approves plan to issue AI agents digital IDs, aiming to become the first country to provide official identities for AI, enhancing accountability and action specificity. #Update #Tech
Fed Holds Firm as Inflation Surges
The Federal Reserve held interest rates at 3.5%-3.75% amid rising inflation driven by energy prices; $BTC dropped slightly as markets reacted to the decision. #Update #Crypto $BTC
Bitcoin Powers New Digital Asset Stack
Michael Saylor unveils a Bitcoin-backed “Digital Asset Stack” with BTC as collateral, including credit, yield, and equity layers. The 8% yield is conceptual, not retail-ready. #Update #Crypto $BTC
Fed Holds Rates Steady Under Chairman Warsh
The Federal Reserve held its benchmark fed funds rate steady at 3.50%-3.75% under new Chairman Kevin Warsh, with markets anticipating potential future rate hikes amid persistent inflation. #Update #Crypto $BTC $ETH
Kalshi Launches New Software for Market Surveillance
@Kalshi partners with @StarCompliance to enhance monitoring of employee trading on prediction markets amid insider trading scrutiny. This follows legal challenges from multiple states over market regulations. #Update #Crypto
AI Failing LGBTQ Users Warns GLAAD
GLAAD warns AI systems amplify anti-LGBTQ bias, urging stronger oversight and collaboration with advocacy groups to prevent discrimination in housing, employment, and healthcare. #Update #AI
US Lawmakers Oppose Sam Bankman-Fried Pardon
Two US senators, Cynthia Lummis and Rubén Gallego, oppose any presidential pardon for Sam Bankman-Fried, asserting it would undermine accountability for financial fraud. #Update #Legal
Bitcoin Tax Hits Illinois Digital Asset Holders
The Illinois government has enacted a 0.2% tax on digital asset transactions, expected to raise $60 million, despite industry pushback; Governor J.B. Pritzker approved the tax on June 16. #Update #Legal $BTC