**Coinbase Wins Procedural Showdown, SEC Authority Takes Hit** The Third Circuit just ordered the SEC to explain why it refused Coinbase’s petition for crypto-specific trading rules, handing exchanges and token issuers their first real procedural victory in years. The ruling doesn’t bless any particular token or trading model, but it forces regulators to put their…
Bitcoin Bancorp acquires thousands of defunct Bitcoin Depot ATMs for $620,000 Bitcoin Bancorp has acquired thousands of Bitcoin ATMs previously operated by defunct Bitcoin Depot in a deal valued at $620,000. The transaction transfers the physical ATM equipment to Bitcoin Bancorp, although the available information does not specify how or when the machines will be…
DoubleZero Brings Kalshi Election Data to Trading Firms DoubleZero is expanding access to real-time data from Kalshi’s political markets ahead of the U.S. midterm elections. The move gives institutional and automated traders faster visibility into election-betting activity as prediction markets attract growing attention. The development reflects a broader push to make political market data more…
Bitcoin recovers toward $77,300 as Zcash leverage unwinds Bitcoin recovered toward $77,300 as leverage in Zcash-related positions unwound, according to the available market update. The move highlights how changes in leveraged trading activity can coincide with shifts in broader crypto-market prices. When leverage unwinds, traders reduce or close borrowed positions, potentially easing pressure created by…
TRM Labs Doubles Valuation as Crypto Intelligence Demand Surges Blockchain intelligence firm TRM Labs has doubled its valuation to $2 billion in a Series C expansion. The company says its annual recurring revenue has quadrupled in three years, signaling stronger demand for tools that help institutions investigate crypto activity. The catalyst is the rapid growth…
Crypto for Advisors: Hyperliquid and the future of finance Shares of digital-asset treasury company Hyperliquid Strategies have surged this year as investors link its prospects to the rapid rise of Hyperliquid, a decentralized cryptocurrency exchange that has become a focal point in conversations about how trading infrastructure could evolve. The core driver has been growing…
Live updates: Bitcoin gives up early gains as markets price in multiple rate hikes Bitcoin surrendered its early gains as broader markets adjusted to expectations of multiple interest-rate increases. The move highlights the continued sensitivity of digital assets to changes in monetary-policy expectations. Higher interest rates can weigh on risk assets by increasing the appeal…
Consensys Splits MetaMask From Its Institutional Blockchain Business Consensys is restructuring to separate MetaMask’s consumer wallet business from its Ethereum protocols and institutional blockchain infrastructure operations. The move could give each division a clearer strategy as crypto matures from retail speculation into a market serving banks, companies, and everyday users. The split centers on two…
Ripple puts AI agents inside its $1 billion corporate treasury bet Ripple is adding AI agents to Ripple Treasury, expanding the “treasury-native” AI capabilities it calls GSmart across the corporate finance platform it gained through its roughly $1 billion acquisition of GTreasury in October 2025. The company said the upgraded system can monitor corporate treasury…
KALSHI RULING CRACKS CFTC DOOR ON ELECTION BETS A federal appeals court has just green-lit Kalshi’s election contracts, handing the prediction market a temporary win over the CFTC and signaling that regulators may be running out of legal room to block event contracts that don’t involve outright gambling. The October 2 ruling keeps Kalshi’s platform…
Court Blocks Texas Crypto Seizure, Shocking Regulators Texas regulators just lost a key battle over whether they can seize crypto assets without proving fraud first. The Eighth Court of Appeals halted a lower court order that would have frozen Envy Blockchain’s wallets and land holdings, ruling that state officials failed to show the kind of…
Court Says CFTC Can’t Sidestep Discovery in Kraft Case The Seventh Circuit just told the CFTC it cannot leapfrog normal discovery rules to grab internal documents from Kraft and Mondelēz. In a rare writ-of-mandamus decision, the court blocked the agency’s shortcut, forcing it to fight disclosure fights in the district court like everyone else. The…
Judge Buries Bilzerian’s Final Bid to Dodge SEC Freeze A federal judge just slammed the door on Paul Bilzerian’s latest attempt to unfreeze assets he’s owed the SEC for more than two decades. The ruling keeps a 2001 nationwide injunction in place, blocking Bilzerian and his network from filing any new lawsuits that might threaten…
DeepSeek’s V4.1 Flash Nearly Matches GPT-6 Astra on Design—at 1.4% of the Cost DeepSeek’s new model, DeepSeek V4.1 Flash, is posting near-parity results with OpenAI’s GPT-6 Astra on real-world design tasks while coming in at a fraction of the price, according to benchmark data highlighted in a Threads post by vccorner. The comparison comes from…
Court Shatters SEC’s “Major Questions” Shield in Crypto Rulemaking Judges just stripped the SEC of its favorite shield against judicial review of sweeping crypto rules. In a 6–3 ruling, the Supreme Court held that the agency’s attempt to classify nearly every digital asset as a security under the Howey test triggers the “major questions doctrine,”…
Judge Slaps CFTC on Wrist Over Trust’s Hidden Futures Bets The Seventh Circuit just told the CFTC it can’t punish a family trust for futures trades simply because the trust didn’t register as a commodity pool operator. The ruling narrows the agency’s reach and hands a small but telling victory to investors who structure trades…
Fifth Circuit Deals Fresh Blow to SEC Crypto Crackdown A three-judge panel of the Fifth Circuit just gutted the SEC’s long-running case against a crypto lending platform, ruling that the agency cannot retroactively brand customer deposits as unregistered securities without proving fraud or investor harm. The decision, handed down April 17, slashes the SEC’s ability…
Regal Commodities Loses in Tauber as Appeals Court Hands Traders a Small Win A New York appeals court just ruled that a commodities trader can’t be sued under state law for conduct the federal CFTC already regulates, handing crypto and futures markets a narrow but telling victory on preemption. The decision narrows the window for…
Top Crypto Takeaways From Apple’s iPhone 18 Pro, Pro Max and Duo Launch Apple has launched its iPhone 18 Pro, iPhone 18 Pro Max and iPhone 18 Duo models. The release is notable to crypto users because Apple’s hardware and software ecosystem can influence how people access digital-asset services, including wallets, exchanges and payment applications….
CFTC WINS POWER GRAB IN SEVENTH CIRCUIT SHOWDOWN The Seventh Circuit just handed the Commodity Futures Trading Commission a sweeping procedural victory that strengthens its ability to demand documents from companies without first proving a violation occurred. In a terse order, the court denied Kraft Foods and Mondelēz’s attempt to block the agency’s broad subpoena,…
