Kalshi Sues Illinois Officials over Prediction Markets Restrictions

Prediction markets company Kalshi has filed a lawsuit against state officials in Illinois over legislation it says “expressly bans sports event contracts” on its platform. In a Tuesday filing in the US District Court for the Northern District of Illinois, Kalshi alleged that Illinois Governor JB Pritzker, Attorney General Kwame Raoul, and other officials on…

BTC Falls Under $60,000 As Traders Predict A Relief Bounce

Bitcoin (BTC) hit new two-week lows at Wednesday’s Wall Street open as traders predicted a rally to a “poor” lower high. Key points: Bitcoin price action edges closer to range lows, which traders still see holding. A relief bounce should enter soon, they say, with targets closer to $70,000. US-Iran peace progress has little bullish…

Explore how the Condorcet paradox exposes the limits of perfect fairness in blockchain consensus.

Consensus guarantees today, focus on two properties: Consistency and Liveness. Consistency requires that all nodes eventually agree on the same set and sequence of transactions, while liveness ensures the system continues to process new transactions. What they do not address is whether the agreed-upon transaction order totally reflects fairness. In public blockchains, transaction ordering has…

Cardano wallet SecondFi hit by $2.4 million exploit, up to $20 million in user funds at risk

SecondFi, the Cardano wallet formerly known as Yoroi, says it has patched a major exploit that drained roughly 16 million ADA, worth approximately $2.4 million, from 374 user wallets across three separate attacks. The root cause was a flaw in SecondFi’s proprietary wallet generation software. The vulnerability sits at the address level, meaning simply moving…

Binance Looks Beyond Greece for EU MiCA Authorization

Crypto exchange Binance reportedly plans to seek a different route to authorization in the European Union after its licensing application in Greece encountered a setback. Speaking to Reuters, Gillian Lynch, Binance’s head of Europe and the United Kingdom, said the exchange is “not leaving Europe” and would pursue authorization in another EU jurisdiction if its…

Strategy’s Dividend Coverage Falls from 7 Years to 14 Months: CryptoQuant

After Strategy’s dividend coverage fell to 14 months from seven years, CryptoQuant said the company led by Michael Saylor should pause Bitcoin purchases and focus on replenishing its cash reserve that’s down 38% year-to-date. Strategy’s dividend obligations have nearly quadrupled to $1.2 billion, as the company issued substantial new STRC preferred stock, which carries an…

Standard Chartered Extends Tokenization Thesis to Aave Lending

Banking giant Standard Chartered has identified Aave as a potential beneficiary of tokenized assets as they move into decentralized finance (DeFi), saying the protocol could rebuild its position as a dominant onchain lending platform. In a Wednesday research note, Geoff Kendrick, the bank’s global head of digital assets research, said active tokenized assets in DeFi…

Ether Rocked By $170M Liquidation: Are New Lows On The Cards?

Key takeaways: Negative ETH futures funding rates and six weeks of spot ETF outflows highlight a fragile investment climate. Ethereum’s 53% market share in DeFi keeps it well-placed for a recovery, even as negative news continues to batter the network. Ether (ETH) price faced a 5% correction on Tuesday, erasing gains from the previous 12…

OpenPayd Secures MiCA License for Crypto Services in Europe

Financial infrastructure provider OpenPayd said Wednesday that it has secured authorization under the European Union’s Markets in Crypto-Assets Regulation (MiCA), allowing it to offer crypto services across the European Economic Area (EEA) via passporting. The license lets OpenPayd operate as a crypto asset service provider (CASP) to offer services such as fiat-to-stablecoin on-ramping and off-ramping,…

Bitcoin’s ‘OG’ investors have slowed selling in a bullish sign for the market

Analysts track this using a metric called spent transaction outputs (STXO), which, in simple terms, tracks the movement of BTC on the blockchain. An OG moving coins after holding them for half a decade is almost always a sign of impending liquidation or profit-taking. During the peak of the bullish cycle, single-day sell-offs sometimes exceeded…