Utah files criminal charges against Kalshi, executives over alleged illegal gambling
Utah AG Derek Brown filed criminal charges against Kalshi, Tarek Mansour and Luana Lopes Lara for allegedly promoting online gambling.
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Robinhood earnings miss, crypto weakness fail to shake Wall Street’s bullish outlook
Bernstein sees Robinhood’s crypto business shifting toward infrastructure as new products like prediction markets and perps gain ground.
Bitwise raises bitcoin price target to $1.6 million by 2036, projects 34% annualized returns
Bitwise's bear case puts bitcoin at $130,686 by 2036, while its bull case reaches $3.67 million over the next decade.
Coinbase adds Ripple’s RLUSD stablecoin across retail, exchange and Prime platforms
RLUSD is live on Coinbase with 1:1 USD conversion on XRP Ledger, Ethereum and Base, capping a big week of news for Ripple.
Avail launches ShieldTX privacy tool targeting copy-trading bots on Hyperliquid
Avail launched ShieldTX, a Hyperliquid privacy tool that creates a separate wallet for each perpetual futures position.
Crypto braces for potential shift in congressional oversight after midterms
Post-Clarity Act, the crypto sector could find itself navigating a very different political landscape under a new Congress.
Ripple expects $900 million annualized product revenue run rate as institutional business expands
Ripple expects a $900M annualized product revenue run rate by end of 2026, as RLUSD reaches $2.5B and payments near $150B in lifetime volume.
Moody’s assigns investment-grade ratings to Ripple’s RLUSD stablecoin
Moody's Ratings assigned the RLUSD A2 long-term and P-1 short-term ratings, citing credit quality and market value of its reserve assets.
Datavault AI stock plummets 50% after firm says it cannot withdraw bitcoin tied to $150 million deal
The issue centers on a deal with Scilex, under which Scilex agreed to buy shares of Datavault AI for $150 million, payable in bitcoin.
Robinhood Chain brings in $26 million as crypto revenue rises 20% in Q3
Robinhood’s blockchain boosted crypto revenue, while prediction markets brought in $173 million in the third quarter.
CFTC sues Utah as battle over prediction market regulation intensifies
The CFTC is escalating its legal fight with states, suing Utah after the state filed a lawsuit against prediction market platform Kalshi.
Crypto.com and OG.com launch US crypto perps with up to 5x leverage
The contracts have no expiration date and allow traders to bet on crypto prices rising or falling.