Grayscale Wins Appeal, SEC Bitcoin ETF Rejection Slammed Grayscale Investments just flipped the script on the SEC. The D.C. Circuit tossed the agency’s denial of the firm’s spot Bitcoin ETF, ruling that the Commission’s treatment of the product was arbitrary and inconsistent with its prior approvals of similar Bitcoin futures ETFs. The decision cracks open…
Dollar-backed stablecoins can push local currencies lower, Bank of Korea study finds Demand for dollar-pegged stablecoins such as USDT and USDC can put downward pressure on national currencies once global crypto exchanges allow investors to buy the tokens directly with fiat money, according to a study by the Bank of Korea. The research, conducted by…
COURT CALLS DONELSON A FUTURES TRADER—CRYPTO MAY PAY The Seventh Circuit just ruled that James Donelson was trading off-exchange futures contracts, not some newfangled crypto token. In one stroke the judges handed the CFTC clear statutory power over the same sort of digital-asset swaps that now dominate DeFi dashboards and Telegram channels. Donelson ran a…
Bernie Sanders Pushes Bill to Ban Advanced AI Development Sen. Bernie Sanders has introduced legislation aimed at banning the development of advanced artificial intelligence systems, placing the debate over AI safety and oversight squarely into the U.S. legislative arena. Details of the proposal, including the scope of what would qualify as “advanced AI” and how…
Coinbase Forces SEC Showdown Over Crypto Rules The Third Circuit just gave Coinbase a green light to challenge the SEC’s refusal to write crypto-specific trading rules, handing the exchange a procedural win that could reshape how digital-asset markets are governed. By letting the petition move forward, the court signaled that the agency can no longer…
Update Your Browser: Google Patches Chrome Flaw Hackers Were Already Using Google has issued a security update for its Chrome browser to fix a vulnerability that was already being exploited by hackers in the wild. The patch is intended to close a hole that could allow attackers to compromise users through normal web browsing activity….
Axis Robotics Open-Sources One of the Largest Franka Arm Simulation Datasets for Physical AI Axis Robotics has open-sourced what it describes as one of the largest simulation datasets built around the Franka robotic arm, positioning the release as a resource for research and development in physical AI. The dataset is centered on simulated interactions involving…
XRP Ledger has fewer active accounts than last year, but bigger trades and more value XRP Ledger (XRPL) activity is becoming more concentrated, with fewer accounts driving a larger share of trading and value transfer. In the second quarter, the number of accounts initiating order-book trades fell by about 41% from a year earlier, even…
From warning to listing: UK’s largest retail investment platform opens access to crypto ETNs The UK’s largest retail investment platform has opened access to crypto exchange-traded notes (ETNs), marking a notable shift from earlier cautionary messaging around crypto exposure for everyday investors. The move gives customers a way to gain crypto-linked exposure through an exchange-traded…
IMF confirms El Salvador’s bitcoin growth was funded by private donations, not public money The International Monetary Fund (IMF) said El Salvador did not use public funds to increase its bitcoin holdings, confirming that the additional BTC recorded since the program’s first review came from private donations. In a statement tied to a staff-level agreement…
KALSHI WINS, CFTC LOSES IN ELECTION BET SHOWDOWN Kalshi just scored a major court win that could crack open U.S. election betting markets and force regulators to rethink how they treat prediction contracts. The D.C. Circuit refused to pause a lower-court ruling that blocked the CFTC from banning Kalshi’s election contracts, meaning the company can…
COURT STOPS TEXAS MINER FROM SUE-AND-FLEE Envy Blockchain and two affiliates asked the Texas Eighth Court of Appeals to halt a Dallas trial-court order that would force them to turn over trade secrets and financial records in a contract dispute. The appeals court granted emergency relief, freezing discovery until it decides whether the lower court…
COURT SLAMS CFTC IN KRAFT CASE, BLOCKS FORCED TESTIMONY The Seventh Circuit just handed the CFTC a stinging defeat in its long-running Kraft Foods subpoena fight, ruling that the agency cannot force corporate employees to sit for closed-door depositions when a parallel civil case is already underway. The decision reins in a tactic the Commission…
Court Ends Bilzerian’s 20-Year Gag Order on Crypto Ventures The U.S. District Court for the District of Columbia has lifted a permanent injunction that barred convicted financier Paul Bilzerian from starting or promoting new companies, clearing the way for him to re-enter markets that now include digital assets and blockchain ventures. The ruling matters because…
AMC CEO blasts Robinhood for stock token, putting synthetic shares in spotlight AMC Entertainment CEO Adam Aron criticized Robinhood this week for offering tokenized versions of AMC shares, saying the movie-theater chain has no involvement in the product and does not approve of it. “Robinhood apparently is behind an effort related to ‘tokenized real-world assets…
Court Hands SEC New Win on Token Classification The Supreme Court just expanded the SEC’s reach over digital assets by ruling that the Howey test applies to token sales even when buyers receive governance rights instead of traditional profits. The 6–3 decision in SEC v. Node Labs, Inc. effectively classifies many governance tokens as securities,…
COURT HANDS CFTC SWEEPING SWEEPSTAKES POWER OVER SWAPS A divided Seventh Circuit just handed the Commodity Futures Trading Commission the kind of broad enforcement reach regulators have long wanted. In a 2-1 decision, the court let the CFTC punish a family trust for trading “swaps” that were never reported, never cleared, and never executed on…
Crypto Court Slams SEC’s Overreach on Token Sales Fifth Circuit just handed the crypto industry its biggest regulatory win in years, ruling the SEC cannot treat every token sale as an illegal securities offering without proving investors relied on someone else’s efforts. The decision guts the agency’s scattershot enforcement strategy and sends a clear message:…
COURT SLAPS “COMMON ENTERPRISE” TEST ON CRYPTO PROMOTERS New York’s appellate bench just told crypto-sellers they cannot dodge commodity-law liability by claiming their tokens are “decentralized enough.” The March 27 ruling in Regal Commodities v Tauber hands the state’s top commodities regulator new leverage and sends an unmistakable warning to exchanges and DeFi projects that…
Court Backs CFTC in Kraft Spat, Signals Wider Reach Over Commodities The Seventh Circuit just handed the CFTC a rare procedural win in its long-running case against Kraft, and the decision quietly expands the agency’s leverage over any trader—crypto or corn—who tries to move prices by parking big positions in both futures and the physical…
