Jack Dorsey’s Block Applies for Bank Charter to Custody Bitcoin Block, the payments company led by Jack Dorsey, has applied to the Office of the Comptroller of the Currency (OCC) to form a federally supervised national trust bank focused on digital asset custody. The company said it filed an application to establish Builders Bank &…
PayPal expands stablecoin rails with custom token issuance platform PayPal is widening its blockchain-based stablecoin effort with a new developer platform that lets businesses issue their own stablecoins backed by PayPal USD (PYUSD), the company said Tuesday. The platform, called PYUSDx, is built with fiat-pegged token specialist M0 and crypto payments firm MoonPay. PayPal first…
Nexus ID Breach Exposes a Blueprint for Fraud, Experts Warn A breach at Nexus ID has exposed information that experts warn could provide a blueprint for fraud. The incident highlights the risks posed when identity-related systems are compromised and the resulting data can be used to support deceptive or unauthorized activity. The breach matters because…
Kalshi Wins, CFTC Authority Crumbles A federal appeals court just refused the CFTC’s emergency bid to block Kalshi’s election contracts, leaving the agency exposed and the prediction-market industry suddenly free to launch. The two-sentence outcome: the D.C. Circuit denied the stay, meaning Kalshi can keep taking bets on congressional control while the CFTC’s appeal drags…
Court Blocks Envy Blockchain’s Emergency Bid Texas appeals court refused to fast-track a writ that would have forced a lower judge to rule on Envy Blockchain’s attempt to escape a state-court lawsuit. The decision keeps the company—and its investors—locked in litigation that could define whether blockchain ventures operating inside Texas can shield themselves from local…
CFTC Wins Mandamus, Courts Must Yield The Seventh Circuit just handed the CFTC a rare procedural victory that could reshape how enforcement actions play out against commodity-linked crypto products. By granting mandamus, the appeals court told a lower judge to stop dragging his feet and transfer a subpoena fight to Washington, D.C.—a move that signals…
Bill Gates, Retired, Took Customer Support Duty at His Daughter’s Startup Bill Gates took on customer support responsibilities at his daughter’s startup after retiring, according to the information provided. The episode highlights how experienced founders and business leaders can remain involved in early-stage companies through practical, hands-on work. Rather than serving only in an advisory…
SEC Revives 1989 Bilzerian Injunction to Block Crypto Venture A federal judge in Washington has dusted off a 35-year-old securities injunction to stop Paul Bilzerian’s family from launching a cryptocurrency exchange and token project. The ruling shows that old court orders can reach into new markets when the underlying conduct looks like unregistered securities sales….
COURT SLAPS SEC: NO “INVESTMENT CONTRACT” FOR STAKED TOKENS The Supreme Court just handed the SEC a 6-3 defeat, ruling that proof-of-stake rewards from staking a token are not automatically “investment contracts” under the Howey test. The decision overturns an appeals-court ruling that had treated staking yields as securities whenever token holders “expected profits from…
CFTC Wins Big — Conway Trust Loses Appeal Over Commodity Claims The Seventh Circuit handed the CFTC a clean victory this week, upholding the agency’s authority to punish a family trust for unregistered commodity-trading activity. The ruling cements the CFTC’s broad enforcement reach and sends a warning shot across every corner of the crypto and…
PsyopAnime Meme Token Reportedly Surges 30X as Monero Reaches a New High The available information highlights a sharp rise in the PsyopAnime meme token, alongside a reported all-time high for Monero. It also references an interview with Joseph Chalom, CEO of Sharplink. No additional details were provided about the timing, market data, trading volume, or…
Court Slams SEC, Crypto Wins Major Classification Fight Fifth Circuit just torched the SEC’s attempt to stretch its power over digital assets, ruling that the agency overstepped when it labeled certain tokens as securities without proving an investment contract existed. The decision lands like a legal earthquake for crypto markets, exchanges, and regulators who have…
Germany moves to tax bitcoin like stocks as new draft bill targets tax-free gains Germany’s Federal Ministry of Finance has drafted legislation that would change how private cryptocurrency gains are taxed, bringing them under the country’s flat capital income tax in a move that would end a key advantage for long-term crypto holders. Under the…
Court Slaps Down Trader’s Bid to Dodge Commodity Fraud Claims New York’s Appellate Division just handed the Commodity Futures Trading Commission (CFTC) a tactical win: a commodities trader accused of fraud cannot escape the agency’s oversight by arguing that his off-exchange deals were “only” futures contracts. The ruling keeps the case alive and signals that…
Coinbase News, Bitcoin at $96,750 and a Football.Fun TGE Interview The information provided consists only of a headline referencing Coinbase, a Bitcoin price of $96,750, and an interview with the founder of Football.Fun connected to the project’s token generation event (TGE). No additional details were supplied about the Coinbase development, the timing or market context…
COURT STRIPS CFTC OF SECRET WEAPON AGAINST KRAFT The Seventh Circuit just handed the CFTC a stinging defeat, refusing to let the agency hide its investigative files from Kraft Foods in a long-running spoofing case. The ruling forces the regulator to turn over documents it had fought to keep secret, shifting power from agency lawyers…
Judge Consolidates Crypto Suits, Tightens Spotlight on SEC Three separate lawsuits accusing the SEC of overreach in crypto enforcement will now be heard in Chicago, raising the stakes for how digital assets are classified and regulated across the country. The motion to centralize the cases came from Anthony Motto, a plaintiff in the Greene matter…
Court Slaps SEC in Major Crypto Ruling Judges in New Orleans just handed the SEC a stinging defeat, ruling that the agency overstepped its authority by trying to regulate crypto platforms as traditional securities exchanges. The decision sends a clear signal that federal regulators cannot simply rebrand digital asset markets as something they are not….
XRP Gets Another Boost Through Ripple Deal With Florida Athletics Ripple has entered into a deal with Florida Athletics, giving XRP another point of visibility through its connection with a major collegiate sports organization. The available details do not specify the agreement’s financial terms, scope, or how XRP will be used. As a result, the…
CFTC Wins Big on Retail Metals Fraud Appeal The Ninth Circuit just handed the CFTC a major enforcement victory in its long-running battle with Monex, reversing a lower court’s dismissal and ruling that leveraged retail metals transactions are subject to CFTC anti-fraud authority even when they involve actual delivery. The decision matters because it expands…
