Sony Says You Don’t Own the Games You Bought. Crypto Says It Can Fix That Sony’s position on digital game purchases highlights a distinction many consumers do not encounter until they read the fine print: buying a digital game may grant a license to access the software rather than permanent ownership of the game itself….
COURT SLAMS DELAWARE TECH FIRM IN CRYPTO DEAL GONE WRONG Delaware’s Superior Court just handed Diamond Fortress Technologies and its founder Charles Hatcher II a crushing defeat in their lawsuit against a crypto exchange partner. The ruling underscores how courts are increasingly unwilling to protect crypto firms from their own sloppy contracts. The case started…
Court Hands Grayscale a Rare Win Against SEC The D.C. Circuit just ordered the Securities and Exchange Commission to reconsider its 2022 denial of Grayscale’s spot-Bitcoin ETF application. By ruling that the agency treated identical products inconsistently, the court exposed the SEC’s reasoning as arbitrary and capricious, giving the first credible crack in the agency’s…
Bitwise Updates XRP ETF Prospectus in New SEC Filing Bitwise has submitted an updated prospectus for its XRP exchange-traded fund trust, adding a new entry to the product’s SEC filing history. The submission was made as a post-effective amendment on Form POS AM, a standard mechanism used to update disclosures in an existing registration statement….
Court Hands CFTC Broad Power Over Crypto “Investments” The Seventh Circuit just told the CFTC it can police almost anything sold as a futures contract—even when the product is a cryptocurrency and no exchange ever lists it. In a 3-0 decision, the court upheld a $1.7 million judgment against James Donelson for running a Ponzi-style…
ECB Launches Pontes for Central-Bank Settlement of Tokenized Assets The European Central Bank has launched Pontes, an initiative focused on enabling central-bank settlement for tokenized assets. Tokenization involves representing assets on distributed-ledger or other digital systems. Central-bank settlement refers to the use of central-bank money to complete transactions, a process intended to provide a stable…
Court Slams Coinbase Appeal: SEC Keeps Full Authority Over Crypto The Third Circuit has shut down Coinbase’s attempt to force the SEC into a rulemaking process for crypto assets, leaving the agency’s enforcement-first approach untouched. The ruling keeps the current legal fog over tokens, exchanges, and DeFi protocols firmly in place and signals that the…
Live updates: Bitcoin hits $87,000 as traders increase leveraged bets Bitcoin has reached $87,000, while traders have increased their exposure to leveraged positions. The move highlights growing activity in the market as participants seek to amplify potential returns through borrowed funds. Leverage can magnify gains, but it also increases the risk of losses and forced…
US Bank Tests Proprietary Stablecoin Across Stellar Network A US bank has tested its proprietary USBDC stablecoin in a cross-border transfer between its North American and European entities. The pilot ran on the public Stellar blockchain, offering a real-world test of whether bank-issued digital dollars can make international payments faster and more efficient. The transaction…
Treasury Secretary Scott Bessent Champions Dollar Dominance Across Global Markets and Stablecoins Treasury Secretary Scott Bessent has emphasized the importance of maintaining the U.S. dollar’s position across global markets, including in the expanding stablecoin sector. Stablecoins are digital assets designed to maintain a stable value, often by referencing national currencies such as the dollar. Their…
Crypto Groups Fight Illinois Tax Before January Crypto Council for Innovation and the Blockchain Association are seeking to block Illinois’ proposed 0.2% crypto tax before it takes effect in January. The groups argue the levy is unconstitutional and could create expensive, complicated compliance demands for digital-asset businesses. The challenge follows an earlier lawsuit targeting the…
Why Holding Anything But Bitcoin Has Been a Losing Bet for Two Years Strategy disclosed its first bitcoin sale since 2022, selling 32 BTC worth about $2.5 million. The amount represents roughly 0.0038% of the company’s bitcoin treasury, making the transaction small relative to its overall holdings. The sale drew outsized attention because it breaks…
Bitcoin Could Test $90,000 After Shorts Get Squeezed, but Traders Warn Leverage Is Building Bitcoin may be positioned to test $90,000 after a sharp move higher forced bearish traders to close short positions, adding further buying pressure to the market. A short squeeze occurs when traders betting on falling prices are forced to buy the…
LAPTOP Memecoin Turns Political Controversy Into Speculation A new memecoin called LAPTOP is using Hunter Biden’s laptop controversy as its core narrative, while openly admitting it has no utility. The project says founder tokens will remain locked for six months and that 2% of the supply is reserved for wallets that lost money on TRUMP,…
Google and Apple seek crypto talent as Big Tech eyes stablecoin and tokenization rails Apple and Google have posted job openings that list stablecoins and tokenized deposits among key areas of expertise, signaling that two of the world’s largest technology companies are building in-house knowledge around blockchain-based payment and settlement infrastructure. The roles do not…
CLARITY Fails, Kraken Prepares for On-Chain Perps, and More: Weekly Recap The provided information includes the headline for this weekly recap but does not contain further details about the CLARITY legislation, Kraken’s plans for on-chain perpetuals, or the other developments referenced. Additional source material is needed to explain what happened, why it matters, and how…
KALSHI WINS AGAIN AS COURT SLAMS CFTC’S OVERREACH A federal appeals court has refused to block KalshiEX from offering election contracts, effectively slapping the CFTC for trying to stretch its power beyond what Congress granted. The decision keeps the trading venue open for now and signals that federal regulators cannot simply declare something off-limits without…
COURT KILLS BLOCKCHAIN COMPANY’S LAST-DITCH BID TO SKIP TRIAL Envy Blockchain, NV Landco 1, and CEO Stephen DeCani just lost their emergency bid to halt a Texas district-court case mid-stream. The El Paso Court of Appeals refused to issue a writ of mandamus that would have frozen discovery, sanctions motions, and a looming trial date,…
COURT TELLS CFTC: HANDS OFF INTERNAL DOCUMENTS The Seventh Circuit just blocked the CFTC’s attempt to force Kraft and Mondelēz to hand over privileged materials in a wheat-futures manipulation probe. By denying the agency’s petition for a writ of mandamus, the court told regulators they cannot shortcut normal discovery rules—even when the stakes involve futures…
Bitcoin Price Crosses $84,000 as Analysts Declare Bear Market Over Bitcoin has crossed the $84,000 mark, a move that analysts say signals the end of the cryptocurrency’s bear market. The milestone marks a significant shift in market sentiment, with the price recovery suggesting that the prolonged period of downward pressure may have run its course….
