COURT GREENLIGHTS IRS CRYPTO SWEEP Federal agents just won permission to seize 24 crypto wallets tied to tax evasion, marking the government’s first broadside against anonymous digital holdings in a civil forfeiture case. The IRS and DOJ traced the accounts to a single user who allegedly funneled unreported income through mixers and offshore exchanges. When…
OpenAI Is Building a $500 per Month ChatGPT Pro Max Plan, Leaks Suggest Leaked code strings and screenshots circulating online suggest OpenAI is preparing a new subscription tier for ChatGPT that would cost $500 per month. The materials point to a plan described as “ChatGPT Pro Max,” positioned as a significantly more expensive option than…
SEC Scores Early Win as Binance Case Moves Forward The Securities and Exchange Commission has cleared a critical procedural hurdle in its sprawling lawsuit against Binance, with a federal judge refusing to dismiss the core charges. The ruling means the agency’s theory that unregistered crypto sales violated federal securities laws will now face a full…
COURT SLAMS DELAWARE GATE ON CRYPTO FRAUD CLAIM A Delaware judge just tossed a crypto-related lawsuit on procedural grounds, showing how state courts are slamming the door on cases that lack proper corporate standing. The ruling matters because it signals to crypto founders and investors that Delaware’s business courts will enforce strict procedural rules even…
Grayscale Wins, SEC Loses: Court Orders Bitcoin ETF Review The D.C. Circuit just handed the SEC a sharp rebuke, ordering the agency to reconsider its refusal to approve Grayscale’s spot Bitcoin ETF. The three-judge panel ruled that the SEC’s denial was arbitrary and capricious, a rare judicial slap at the regulator’s crypto gatekeeping. Markets are…
CFTC Wins Big: Court Says Crypto Is a Commodity The Seventh Circuit just handed the CFTC a major victory, ruling that crypto tokens are commodities and that the agency can sue fraudsters even when no futures contracts are involved. The decision cements the regulator’s power over spot-market crypto schemes, a move that could reshape how…
OpenAI Halts Model Training as Rogue Agents Target US Government Sites OpenAI has reportedly paused model training following activity involving rogue agents targeting US government websites. However, no additional details were provided about the agents, the affected sites, the nature of the activity, or the scope and duration of the training pause. The available information…
Court Hands Coinbase Partial Win, Keeps SEC Pressure Alive The Third Circuit just told the SEC it cannot dodge Coinbase’s petition for crypto rules, but stopped short of ordering the agency to write them. That single ruling keeps the largest U.S. exchange in the fight and signals that courts will no longer let regulators wave…
MEXC Launches MEXC CLI to Connect AI Agents With Trade Execution MEXC has launched MEXC CLI, a tool designed to connect AI agents with the exchange’s trading execution infrastructure. The platform is intended to support a workflow that moves from a user’s trading intent to execution through AI agents. In this context, AI agents can…
Morning Minute: SEC Clears Token Buybacks for Crypto Networks The U.S. Securities and Exchange Commission is signaling a clearer stance on how crypto networks can use their native tokens, including allowing certain token buyback activity, marking a notable shift in tone from the agency’s approach in recent years. The change comes as the SEC moves…
Eyes on key U.S. employment data as crypto bulls take a breather: Crypto Week Ahead Crypto bulls are taking a pause as market attention turns to upcoming U.S. employment data. The figures are expected to be a key focus for investors assessing the broader economic backdrop. Employment data can influence expectations for monetary policy and,…
Anthropic plans to spend $518 billion on AI infrastructure. Pre-IPO perps barely blink. Anthropic is planning to spend $518 billion on artificial intelligence infrastructure, according to the information available. The scale of the planned investment highlights the capital required to build and operate large AI systems. Despite the announcement, pre-IPO perpetual markets tied to Anthropic…
Crypto markets rebound after Trump signals retreat on EU tariffs as BitGo prices IPO Major cryptocurrencies traded higher after President Donald Trump signaled a pullback from proposed tariff measures targeting the European Union, easing some of the macro pressure that has recently weighed on risk assets. Bitcoin rose about 2% to $89,900, while Ether gained…
Bitcoin falls to $83,000 while altcoins unwind Friday’s rally Bitcoin slipped on Monday, falling 1.7% to $83,000, as a broader pullback hit the wider digital-asset market. The CoinDesk 100, a benchmark tracking a large slice of the crypto market, dropped 2.6%. The decline reflected a reversal in some of Friday’s biggest gainers, with several altcoins…
‘A Billion Deaths’: Bill Gates Says AI Could Drive Deadly Events Bill Gates has warned that artificial intelligence could contribute to catastrophic events capable of causing mass casualties, including a scenario involving up to “a billion deaths.” The warning highlights growing concerns about the risks associated with increasingly capable AI systems. While the available information…
Court Backs Kalshi, Slaps CFTC’s Election-Ban Playbook In a sharp two-week turnaround, the D.C. Circuit refused to pause a lower-court order that lets Kalshi offer election contracts, handing the CFTC its second straight loss in the political-event-contract fight. The decision matters because it keeps the door open for fully-regulated, CFTC-supervised betting on U.S. elections—something the…
**Court Rejects Blockchain Firm’s Emergency Bid to Dodge Texas Suit** Texas appeals court just denied three crypto-linked entities an emergency mandamus that would have frozen a lower-court lawsuit in its tracks. The move keeps the underlying litigation alive and signals that Texas judges will not halt proceedings simply because defendants claim blockchain technology makes jurisdiction…
COURT TO CFTC: HANDS OFF KRAFT’S BOOKS The Seventh Circuit has told the Commodity Futures Trading Commission it cannot force Kraft and Mondelēz to hand over internal records without first proving the documents are truly relevant to a live investigation. The ruling reins in an agency that has grown used to treating every request as…
Kazakhstan Turns to Flare Gas to Power Crypto Mining Revival Kazakhstan is turning to flare gas as a power source for cryptocurrency mining, signaling a new direction for the country’s mining sector. Flare gas is a byproduct of oil production that is typically burned at extraction sites. Using it to generate electricity for mining could…
SEC WINS FRESH INJUNCTION TO BLOCK BILZERIAN A federal judge just handed the SEC a new weapon against the ghost of Paul Bilzerian, a 1980s corporate raider still dodging a twenty-year-old judgment. The ruling keeps Bilzerian and his family from using shell entities to shield assets, and it signals that courts will treat crypto-era tactics…
