BBB Advertising Watchdog Refers Kalshi to Regulators Over Influencer Inquiry

The Better Business Bureau’s (BBB) National Advertising Division (NAD) is referring prediction market platform Kalshi to regulatory authorities after the company declined to participate in an inquiry into its social media advertising practices, adding another layer of scrutiny to the fast-growing event trading platform. In a statement published Monday, NAD said it will refer the…

BTC Price Nears $62,000 as Bitcoin Bear Market Support Failures Continue

Bitcoin (BTC) hit week-to-date lows at Tuesday’s Wall Street open as analysis put $65,000 as bulls’ level to beat. Key points: Bitcoin needs to revisit $65,000 for bulls to take charge, says new BTC price analysis. Bear market history continues to play out as BTC/USD loses key supports. Iran peace hopes see oil fall below…

Humanity Says Laptop Breach Led To $36M H Token Exploit

Humanity Protocol said an employee’s laptop compromise allowed attackers to seize bridge controls, upgrade contracts and steal over $36 million in H tokens.  In an incident update on Tuesday, the protocol said the Monday attack affected the H token across Ethereum and BNB Chain. The team said three of six Gnosis Safe owner keys were…

BlackRock warns of energy shock as May CPI is set to show acceleration in inflation

BlackRock is closely watching Wednesday’s May U.S. inflation report for the first clear signal of how the U.S.-Iran conflict is feeding into already sticky prices. “We look to May U.S. inflation figures for a clearer read on how the Mideast conflict energy shock is impacting already sticky inflation. The full breadth of the shock has…

MiCA Architect Says EU Should Prioritize Tokenization Over DeFi Rules

The European Union should focus on a broader digital asset framework covering real-world assets and tokenization instead of regulating decentralized finance through a second version of the Markets in Crypto-Assets Regulation (MiCA), an adviser at the European Commission said. The European Commission launched a public consultation on MiCA in May, seeking feedback through Aug. 31….

Bitcoin Futures Reset As Buyers Step In Near $59K

Bitcoin (BTC) rallied toward $64,000 on Monday, but futures market activity was lagging, which may be a sign that the rebound could lose momentum. Traders placed nearly $162 million in buy orders between $57,000 and $59,000, forming one of the largest visible liquidity clusters below the current pricing, potentially setting the stage for BTC’s next…

UK Proposes Limited Retail Fund Exposure to Crypto

The UK’s Financial Conduct Authority has proposed allowing some authorized investment funds to hold up to a 10% allocation of crypto exchange-traded notes, closing a regulatory gap between retail investors and funds. The FCA floated the idea in a quarterly consultation paper on Friday, which would allow retail-focused funds called undertakings for collective investment in…

A forehead tattoo typo became a $600,000 crypto token, revealing the dark side of memecoin craze

Memecoin issuance platform Pump.fun’s new bounty product has produced its first controversy. A user posting as Arivu on X said he completed a Pump.fun GO bounty last week that asked someone to tattoo the ticker “$boutywork” on their forehead and provide video proof. The task appeared to reference a token called $Bountywork, but the bounty…

Bitcoin Takes Pressure Off $60,000 as Bear Market Roadmap Continues

Bitcoin (BTC) approached intraday highs ahead of Monday’s Wall Street open, with $60,000 holding as key support. Key points: Bitcoin avoids another retest of $60,000 as Wall Street returns, but bear-market standards call for lower. A rebound to $64,000 is being watched for signs that worse is yet to come. Macro headwinds multiply as the…

Bitmine’s Ether Holdings Reach 5.54M ETH After Latest Purchase

Bitmine Immersion Technologies increased its Ether holdings to 5.54 million ETH after acquiring nearly 127,000 tokens over the past week, bringing its treasury to 4.59% of Ethereum’s total supply. The company said it has now reached 92% of its stated goal of acquiring 5% of Ethereum’s total supply, a strategy it calls the “Alchemy of…