Bernstein Predicts $10 Trillion Prediction Market by 2035—10X Its Original Forecast Bernstein has raised its long-term estimate for the global prediction-market industry to $10 trillion by 2035, a forecast that is 10 times larger than its original projection. Prediction markets allow participants to trade contracts linked to the outcomes of future events. These markets have…
Judge Hands CFTC Key Win Over Monex Leverage Scheme The Ninth Circuit just handed the CFTC its first major appellate victory on retail leverage contracts, ruling that Monex’s financed metals trades fall squarely under the agency’s anti-fraud jurisdiction. The decision reverses a district-court dismissal and keeps alive a $290-million enforcement action against the California bullion…
Court Knocks CFTC Power Over Crypto Wallets In a sharp rebuke to federal regulators, the D.C. Circuit ruled Thursday that the CFTC cannot force a non-custodial crypto wallet developer to register as a futures commission merchant simply because the software lets users trade derivatives. The 3–0 decision hands a clear victory to privacy-focused builders and…
North Korea’s Fake Job Interviews Drained $11M From 7,000 Crypto Wallets A North Korean operation using fake job interviews drained approximately $11 million from about 7,000 cryptocurrency wallets, according to the information provided. The incident highlights how attackers can use employment-related interactions to target crypto users. Rather than relying solely on technical exploits, fake interviews…
CFTC Nails Crypto Ponzi Operator, Sends Clear Signal to Exchanges The Ninth Circuit just handed the CFTC a decisive win against serial crypto fraudster James Devlin Crombie, reaffirming that courts will treat unregistered crypto schemes like traditional futures fraud. The ruling matters because it locks in a precedent that digital-asset scams fall squarely under the…
Court Greenlights IRS Crypto Account Seizure Federal agents just won a sweeping legal tool to freeze and forfeit cryptocurrency holdings without charging any individual. The D.C. district court upheld the IRS’s civil forfeiture of twenty-four accounts tied to alleged tax evasion, giving the government a fast-track template that bypasses traditional due-process hurdles and targets wallets…
Bitcoin Price Stalls Near $84K After Liquidations Sweep Out Longs Bitcoin traded largely flat around $84,000 after a sharp move lower that knocked the asset down from roughly $87,000. Intraday trading ranged from about $82,870 to $84,830, as the market attempted to stabilize following heavy selling pressure. The broader backdrop remains weak: Bitcoin is down…
Court Hands SEC Major Blow in Binance Fight, Shrinks Agency’s Reach Over Crypto The U.S. District Court for the District of Columbia just clipped the SEC’s wings in its landmark case against Binance, ruling that the agency cannot treat every digital asset as a security. The decision narrows the SEC’s authority over secondary-market trading and…
Borrow Against Your Bitcoin at a Fixed Rate: Coinbase Expands Morpho Loans Coinbase is expanding its Morpho loan offering, allowing users to borrow against their Bitcoin at a fixed rate. The service gives Bitcoin holders a way to access liquidity without selling their assets. Because the loans are secured by collateral, borrowers must meet the…
COURT SLAMS DELAWARE FIRM IN CRYPTO-TECH FIGHT Delaware’s Superior Court just tossed a $50-million lawsuit that tried to drag a blockchain startup into a contract dispute, ruling that the claims were too thin to survive. The decision matters because it signals how state courts will treat crypto-related business fights when plaintiffs cannot show real damages…
Grayscale Beats SEC, Forces Spot Bitcoin ETF Review Grayscale just forced the SEC to re-examine its bitcoin exchange-traded fund application after the D.C. Circuit ruled that the agency had no consistent reason for rejecting the product. The decision sends the filing back to the Commission with instructions to treat like products the same way or…
CFTC Snags Crypto Trader in Landmark Authority Win The Seventh Circuit just handed the CFTC a decisive victory, ruling that a commodity trading advisor who sold crypto signals must register—even if the signals covered spot Bitcoin trades. The decision tightens the regulatory net around any trader who packages advice with futures or crypto exposure. James…
Chainlink Releases Node v2.65.0 With Confidential Workflow Monitoring Fix Chainlink has released Node v2.65.0, a new software update that includes a fix for confidential workflow monitoring. The change is focused on the monitoring of confidential workflows, helping address an issue in the Chainlink node software without altering the broader scope of the release. Node updates…
Court Slams Coinbase’s Bid to Block SEC Crackdown The Third Circuit just told Coinbase “not yet.” The exchange wanted the SEC to show its work before launching an enforcement blitz, but the judges refused to force regulators into early disclosure. That means the SEC keeps its cards close while Coinbase keeps sweating. The fight began…
XRP Ledger Retries Upgrade That Lets Banks Split Payment and Compliance Duties The XRP Ledger has retried an upgrade designed to allow banks to separate payment processing from compliance responsibilities. The change is intended to support institutional workflows in which one party handles the movement of funds while another manages compliance-related functions. Separating those duties…
NYSE Taps Blockchain.com to Reach Crypto Investors With Tokenized Stocks The New York Stock Exchange Group and crypto platform Blockchain.com have signed a memorandum of understanding (MOU) aimed at giving Blockchain.com users access to tokenized U.S. exchange-listed equities and exchange-traded funds (ETFs) through the NYSE’s previously announced digital trading venue. The arrangement is subject to…
Germany May End Crypto’s One-Year Tax Advantage Germany’s Finance Ministry is reportedly considering a 25% tax on cryptocurrency profits beginning in 2028. The proposal would reverse a long-standing rule that can make private crypto gains tax-free after assets are held for more than one year. The reported plan would mark a major shift for Germany’s…
Bitcoin consolidates near $86,000 as rally narrows and Brent slips below $100 Bitcoin is consolidating near $86,000 as the broader market rally shows signs of narrowing. At the same time, Brent crude has fallen below $100 a barrel, highlighting a shift in conditions across major risk and commodity markets. The combination is significant because bitcoin’s…
Bitcoin Slips as Iran Tensions and Yen Risks Mount Bitcoin failed to reclaim $80,000 as escalating Iran tensions pressured both crypto and U.S. stocks. Treasury Secretary Scott Bessent also fueled concern that a stronger yen could trigger a reversal in the popular yen carry trade. The selloff was driven by a wider risk-off mood rather…
Former Hack VC partner Hsin-Ju Chuang found dead following public dispute with the firm Hsin-Ju Chuang, a former partner at crypto investment firm Hack VC, has been found dead following a public dispute with the firm. The available information does not provide details about the circumstances of Chuang’s death, including its cause, timing or location….
