The Commodity Futures Trading Commission (CFTC)is seeking a dismissal of the lawsuit filed by CME Group against Kalshi’s Bitcoin perpetual futures in a federal court. The Commission asserts that CME does not have standing because the Commission has failed to demonstrate any actual competitive injury caused by its approval of
Crypto Council for Innovation is advocating for a modernized framework for ETP by the Securities and Exchange Commission. CCI is calling for more clarity and predictability in the process of obtaining approvals for innovative ETPs. The suggestions from CCI were presented on August 31 concerning the framework for novel ETFs
A group of 21 major financial institutions, including Goldman Sachs, Bank of America, Citi and Deutsche Bank, plans to establish a new company to issue a U.S. dollar-denominated stablecoin in the first half of 2027. According to the announcement from the institutions on September 1, they intend to form a
The G20 indicated an increased emphasis on digital asset innovation while remaining cognizant of maintaining financial stability in its approach to policy formulation. Financial ministers and central bank governors saw the opportunity that digital financial innovation provides as a means of achieving broader economic growth. This new emphasis has come
The committed equity facility of Hyperliquid Strategies with Chardan Capital Markets has been increased to $2.5 billion from $1 billion. This development allows the digital asset treasury company to have more flexibility to secure funds by issuing stocks in the future. The information has been revealed by the company in
Users of Robinhood Wallet and social trading app Fomo discovered they could purchase meme coins, including dogwifhat (WIF). They can use Visa and Mastercard credit cards, Apple Pay, and Google Pay, without completing any separate KYC identity verification. The transactions went through, earned standard credit card points and cash back,
The company unlocked 1 billion XRP from escrow on September 1st through 3 transactions. These were 500 million XRP, 400 million XRP, and 100 million XRP, respectively. This was revealed by the blockchain monitoring account Whale Alert in relation to the XRP that was unlocked from Ripple-controlled escrow accounts. This
Wallets affiliated with the North Korea-based Lazarus Group have sent over $30 million via Hyperliquid, according to chain analysis from Arkham. This information was revealed on August 31 by Arkham researcher Emmett Gallic. He identified the transactions carried out within about three weeks. These funds went through HyperUnit, where the
The legal tussle involving Kalshi against state regulators has reached yet another significant stage following the dismissal of the latest legal challenge by the appeals court. The ruling handed down on August 28 was unanimous that Kalshi had failed to prove that Nevada’s rules for sports contracts were likely to
The Cronos network has been halted following a major exploit targeting Tectonic, the DeFi lending protocol that held approximately $121.6 million in total value locked, roughly 46% of all Cronos DeFi TVL, before the attack hit. The attacker targeted TONIC, Tectonic’s illiquid governance token, and drove its price up approximately
