COURT SLAMS IRS ON CRYPTO ACCOUNT SEIZURES Federal prosecutors just lost a major bid to keep 24 anonymous crypto wallets frozen under civil forfeiture rules. U.S. District Judge Dabney L. Friedrich ruled that the government failed to show probable cause linking the accounts to tax crimes, forcing the IRS to return roughly $1.5 million in…
Court Slaps Binance With Partial Win, SEC Keeps Power The D.C. district court just handed the SEC a split decision in its case against Binance Holdings, preserving the agency’s right to pursue most claims while tossing a few others. The ruling keeps the enforcement action alive, signals that crypto exchanges still face real legal risk,…
Solana Foundation Hires Binance’s Former Global CMO for Institutional Push The Solana Foundation has hired Binance’s former global chief marketing officer as part of an effort to strengthen its focus on institutional adoption. The appointment brings experience from one of the cryptocurrency industry’s largest exchanges to the foundation, which supports the development and broader use…
COURT HANDS CRYPTO FIRM PYRRHIC VICTORY IN DELAWARE Delaware’s top business court just told a blockchain startup it can keep its lawsuit alive—but only if the company pays its own legal bills. The ruling weakens the leverage Diamond Fortress Technologies hoped to wield against a former partner and signals that Delaware judges will not let…
Crypto Nerd’s Nugget of the Week: Travix What it is Travix is building an on-chain perpetuals layer focused on two less-crowded markets: compute and East Asian exotic assets. The project also lists AI trading and causal-chain trading products in beta, while its testnet is reportedly nearing completion. The core idea is not simply another perpetuals…
Court Forces SEC to Reconsider Bitcoin ETF Denial Grayscale Investments just forced the Securities and Exchange Commission to revisit its rejection of the first spot Bitcoin ETF. The D.C. Circuit ruled the agency treated identical products differently without explanation, exposing a glaring inconsistency in how crypto investment vehicles are approved or blocked. Grayscale filed to…
**Court Forces Crypto Trader’s Hand on Commodity Definition** A federal appeals court just handed the CFTC fresh ammunition in its fight to police crypto trading. The Seventh Circuit ruled that a Chicago-based trader must face trial for allegedly running an unregistered commodity pool and making false statements about his trading strategies, rejecting his attempt to…
Blockchain.com and NYSE Plan 24/7 Tokenized Stock Access Blockchain.com and the New York Stock Exchange are planning a service that would give users access to tokenized stocks around the clock. Tokenized stocks are digital representations of shares issued or recorded on blockchain infrastructure. The proposed service would connect traditional equity exposure with blockchain-based access, allowing…
COURT SLAMS COINBASE APPEAL — SEC STILL HOLDS THE GAVEL The Third Circuit just refused to force the SEC’s hand on Coinbase’s petition for crypto rules, leaving exchanges and token projects in the same regulatory fog they’ve endured for years. In a terse, unpublished order the court dismissed the petition for lack of jurisdiction, effectively…
Hut 8 Wins $140M Bid for Poolin’s Texas Data Centers Hut 8 has won a $140 million bid for Poolin’s data centers in Texas, expanding its presence in the state’s digital infrastructure market. The transaction brings Poolin’s Texas facilities under Hut 8’s ownership. Further details about the facilities, the transaction structure and the timing of…
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Solana Foundation hires Binance, Polygon veterans as it ramps up tokenized finance push The Solana Foundation has added two senior hires as it steps up efforts to attract institutional use cases for onchain finance, bringing in executives with backgrounds at Binance and Polygon. Rachel Conlan and Jamal Raees are joining the organization as Solana aims…
Crypto casino Duelbits goes offline after $7 million hot wallet hack Crypto casino Duelbits has gone offline following a hack involving one of its hot wallets, with losses reported at approximately $7 million. A hot wallet is a cryptocurrency wallet connected to the internet and used to process transactions. While this accessibility makes funds easier…
U.S. Federal Reserve moves on proposals to implement GENIUS Act for stablecoins The U.S. Federal Reserve has taken steps on proposals aimed at implementing the GENIUS Act, legislation focused on the regulation of stablecoins. The move marks progress toward translating the law into an operational regulatory framework for stablecoin issuers and related financial institutions. The…
Shielded Bitcoin Proposal Aims to Bring Privacy to Bitcoin L1 A New York-based cryptography lab has proposed a way to enable Zcash-style private transfers on Bitcoin without changing Bitcoin itself. The concept, called Shielded Bitcoin, was published Thursday by [[alloc] init]. According to the proposal, Shielded Bitcoin would allow users to hide transaction amounts and…
$15.6 Billion in Bitcoin Options Expire Friday—Here’s What It Means Bitcoin options with roughly $15.6 billion in notional value are set to expire on Friday, marking one of the larger scheduled expiries in the market. Options expiries are routine, but when the total size is large they can influence positioning and liquidity conditions as traders…
£10K Reward Offered After UK Couple Attacked in Crypto Home Invasion A UK police force is offering a £10,000 reward after a couple were attacked in what investigators describe as a targeted, planned robbery linked to cryptocurrency. Police believe the incident was not opportunistic. According to investigators, three attackers carried out the robbery while receiving…
Regal Commodities v Tauber — Court Clears Path for Commodity Suits Over Crypto A New York appellate court just handed commodity brokers a powerful new weapon: the ability to sue crypto traders under old-school commodity laws that treat digital assets like corn futures. The March 27 ruling in Regal Commodities v Tauber expands legal exposure…
South Korea’s KB Securities Plans to Move Traditional Assets Onchain South Korean financial firm KB Securities plans to bring traditional assets onchain, signaling an effort to use blockchain infrastructure for asset ownership and transactions. Moving assets onchain generally involves representing them digitally on a blockchain through tokenization. This can create a record of ownership and…
**CFTC WINS MANDAMUS, BUT KRAFT KEEPS ITS SECRETS** The Seventh Circuit just ordered a district judge to stop sitting on a CFTC enforcement file, yet simultaneously let Kraft Foods keep sensitive documents under seal. The ruling matters because it shows how regulators can speed up their own cases while companies still shield internal pricing data…
