CFTC Wins Ninth-Circuit Victory Over Monex in Landmark Leverage Ruling The Ninth Circuit just handed the Commodity Futures Trading Commission a decisive win against Monex Credit Company, allowing the agency to pursue its case against the precious-metals dealer for allegedly fraudulent leveraged sales. The ruling matters because it rejects Monex’s claim that its transactions are…
CFTC WINS KEY CASE ON CRYPTO FUTURES JURISDICTION Trevor Kitchen lost his appeal against the Commodity Futures Trading Commission in a decision that strengthens the agency’s grip on crypto derivatives. The D.C. Circuit ruled that Kitchen’s novel argument—that certain perpetual-swap products fall outside CFTC oversight—fails under current law, leaving the Commission with broader enforcement power….
Can a Fruit Fly Brain Mine Bitcoin? These Companies Are Testing It Companies are testing whether biological systems such as fruit fly brains could play a role in Bitcoin mining. However, the available information does not provide details about the organizations involved, the technology being tested, or the results of the experiments. Without further information,…
CFTC WINS—CRYPTO TRADER LOSES IN NINTH CIRCUIT The Ninth Circuit just handed the CFTC a clear win and crypto traders a warning shot. In U.S. Commodity Futures Trading Commission v. Crombie, the appeals court ruled that Bitcoin futures and options fall squarely under CFTC jurisdiction—even when those contracts never touch a registered exchange. The decision…
Court Orders Crypto Accounts Forfeited in IRS Tax Probe A federal judge in Washington has ordered the forfeiture of twenty-four cryptocurrency accounts after the U.S. government proved the wallets held proceeds from tax evasion and money laundering. The ruling shows that anonymous digital wallets are no longer safe havens once investigators link them to tax…
SEC’s Binance Case Survives Key Dismissal Motion The Securities and Exchange Commission just won the first round of a legal fight that could reshape how crypto exchanges operate in the United States. A federal judge refused to throw out most of the SEC’s claims against Binance and its U.S. platform, keeping the agency’s authority over…
Morning Minute: Robinhood CEO Bets Crypto Will Beat Sports at Prediction Markets Robinhood’s CEO believes crypto could eventually become more popular than sports in prediction markets, where users trade contracts tied to the outcome of future events. The view points to a broader debate over how prediction markets may evolve as they expand beyond traditional…
Court Slams Delaware Startup for Hiding Crypto Deal Delaware’s Superior Court just threw out a $15 million lawsuit brought by a crypto startup and its founder against a venture partner, ruling that the plaintiffs concealed key financial details and ignored basic corporate rules. The decision sends a clear warning: in Delaware courts, crypto founders who…
SEC clears ARK Venture Fund to add exchange-traded and tokenized share classes ARK Investment Management has received amended exemptive relief from the U.S. Securities and Exchange Commission that would allow its $562 million ARK Venture Fund to introduce two new share classes: one designed for exchange trading and another whose ownership records could be maintained…
Court Slams SEC for Treating Bitcoin Funds Unequally The D.C. Circuit just ordered the SEC to explain why it can green-light futures-based Bitcoin ETFs but still slam the door on spot Bitcoin ETFs. Grayscale won its challenge, and the agency must now defend — or reverse — its 2022 denial of the firm’s conversion of…
COURT SLAMS DONELSON: CFTC WINS ON BROAD FRAUD AUTHORITY The Seventh Circuit just handed the CFTC a decisive victory in its fraud case against James Donelson, ruling that the agency can police crypto-related schemes even when no futures contracts are involved. The decision expands the agency’s reach far beyond traditional commodity markets, and it sends…
$161 Million in Decade-Old Bitcoin Has Moved in Just Two Weeks Bitcoin worth approximately $161 million and dating back a decade has moved over the course of just two weeks. The activity involves long-held bitcoin that had remained untouched for years. Movements of such old coins are notable because they represent a shift in holdings…
COINBASE WINS — COURT STRIPS SEC OF FORCED RULEMAKING POWER The Third Circuit just handed Coinbase a decisive victory by vacating the SEC’s 2022 order refusing to write crypto-specific rules. The ruling says the Commission cannot simply tell an industry “no” without ever opening the rulemaking process the Administrative Procedure Act demands. For crypto markets,…
Spot bitcoin ETFs attracted nearly $1 billion on Monday, the ninth-largest inflow ever Spot bitcoin exchange-traded funds in the United States recorded nearly $1 billion in net inflows on Monday, marking the ninth-largest daily inflow since the products began trading. The figure highlights continued investor demand for regulated investment vehicles that hold bitcoin directly. Spot…
Canada’s ‘Big Six’ banks to launch interbank tokenized deposit initiative Canada’s six largest banks are preparing to launch an initiative focused on interbank tokenized deposits, bringing major financial institutions together to explore how bank deposits can be represented and transferred in digital token form. Tokenized deposits are digital representations of funds held at a commercial…
White-hat hackers move 52.37 BTC from Coldcard exploit into “Crypto Recovery Trust” address White-hat hackers have moved 52.37 bitcoin linked to July’s Coldcard hardware wallet exploit into an address associated with a newly formed “Crypto Recovery Trust,” according to Galaxy Digital Head of Research Alex Thorn. The transfer was confirmed in Bitcoin block 967,948 and…
Democrats ‘chose visceral hatred for’ Donald Trump over crypto Clarity Act, Lummis says Lummis said Democrats prioritized their opposition to Donald Trump over the crypto Clarity Act, framing the dispute as a political conflict over the legislation. Her remarks place the bill’s debate within the broader divide between Democrats and Trump, rather than focusing solely…
xAI Launches Grok 4.7. It’s Bigger, But Late to the AI Frontier Party xAI has released Grok 4.7, positioning it as a “notable improvement” over Grok 4.6 while keeping the same price. However, benchmark results shared in the available materials indicate the new model remains in second place rather than taking the lead among top-tier…
Court Hands Kalshi Election Bets A Green Light A federal appeals court just refused to pause a lower-court ruling that lets Kalshi offer election contracts, handing the CFTC a stinging loss and handing traders a clear signal: prediction markets are no longer fringe experiments. The decision keeps real-money betting on congressional control open, carving out…
Court Orders Crypto Firm to Face Texas Court Texas appeals court hands blockchain company a rare loss in mandamus fight. Envy Blockchain and its backers must now answer to a state district judge in El Paso, ending their attempt to dodge the case entirely. The decision signals that Texas courts will not rubber-stamp crypto ventures…
