Bernstein Sees Prediction-Market M&A Wave as Platforms Integrate

Prediction-market operators are bringing trading infrastructure in-house, a rapid shift that could trigger a wave of acquisitions across crypto platforms, sportsbooks, brokerages and standalone exchanges, according to analysts at Bernstein.  In a research report on Monday, Bernstein said the industry is going through “operational consolidation,” with major platforms moving to control more of the prediction-market…

Prediction market consolidation could spark wave of M&A across sports betting, Bernstein says

The rapid consolidation of the prediction market technology stack is raising the odds of a new wave of mergers and acquisitions across sports betting and financial markets, according to Wall Street broker Bernstein. Over the past eight months, every major consumer-facing prediction platform has moved to own both customer distribution and exchange infrastructure, the report…

Strategy Unveils Bitcoin Framework With $2.55B Cash Reserve

Strategy is adopting a new capital framework that allows it to monetize part of its Bitcoin holdings to fund dividends, build cash reserves and repurchase securities while maintaining its long-term Bitcoin strategy. In a Monday 8-K filing with the US Securities and Exchange Commission, Strategy introduced its “Digital Credit Capital Framework,” which includes a Bitcoin…

Philippines Is Ready for RWA Tokenization, SEC Commissioner Says

The Philippine Securities and Exchange Commission (SEC) has signaled that the country is ready to accommodate the tokenization of real-world assets (RWAs). Speaking onstage at the Philippine Blockchain Week 2026, SEC Commissioner Rogelio Quevedo said the agency was “now fully convinced that we have the proper law [and] the proper regulatory mind and background” to accept…

Vitalik Details Cryptographic Path To Private Onchain Voting

Ethereum co-founder Vitalik Buterin published a technical essay outlining how cryptography could one day enable people to vote privately onchain without relying on a trusted group to manage ballots or reveal the result.  In a blog post on Monday, Buterin said a cryptographic approach called indistinguishability obfuscation (iO), combined with blockchain infrastructure, could support private…

Galaxy Digital Cuts 2026 CLARITY Act Odds to 50%

Galaxy Digital has cut its odds of the CLARITY Act becoming law in 2026 to 50%, warning that the US Senate is running out of time to move the crypto market structure bill before its August recess. “We are reducing our odds of CLARITY Act passage in 2026 to 50-50,” wrote Galaxy’s head of firmwide…

Bitcoin Trader Says ‘It’s 2022 Again’ As RSI Offers A Classic Bull Signal

Bitcoin (BTC) continued its battle to reclaim $60,000 into the weekend as chart cues fueled hopes of a recovery.  Key points: Bitcoin RSI signals spark comparisons to the end of the 2022 bear market as a bullish divergence filters through. Analysis sees “encouraging” evidence of buyers defending the market at $60,000. Some traders still see…

Pudgy Penguins Pushes Beyond NFTs With Target Card Launch

Non-fungible token (NFT) project Pudgy Penguins has expanded the retail reach of its trading card game through a nationwide rollout at Target stores in the US.  According to a press release shared with Cointelegraph, the launch of Vibes Series 3 marks the game’s biggest retail expansion to date and brings the total number of circulated…

Ether Treasury Sharplink Buys $62.4M of ETH in 3 Days

Crypto treasury company Sharplink, which resumed buying Ether last week after an eight-month pause, has bought a total of $62.4 million worth of Ether since Thursday.  Onchain data from Arkham shows that after Sharplink bought 5,000 ETH on Thursday, it bought another 5,000 ETH (worth $7.9 million) on Friday, followed by 29,196 ETH (worth $46.7…

$4 billion gone. Spot bitcoin ETFs are on track for their worst month on record

U.S. spot bitcoin ETFs have recorded $4.06 billion in net outflows this month, according to data from SoSoValue. It marks the largest monthly redemption on record, exceeding the previous high of $3.56 billion in February 2025. Last week, the funds saw redemptions of about $1.79 billion, the second-highest weekly outflow since trading began in January…