Crypto exchange Bitget has officially launched its new platform, Reality, signaling a significant expansion into the tokenization of real-world assets (RWAs). This initiative aims to integrate tokenized traditional financial instruments into the broader digital asset trading ecosystem, addressing traditional market…
Spain’s Directorate General for Gambling Regulation has initiated disciplinary proceedings and ordered the nationwide blocking of prediction markets Polymarket and Kalshi. The regulator cited the platforms’ operation without the necessary administrative authorization as the primary reason for these actions. This…
Hong Kong’s Financial Services and the Treasury Bureau (FSTB) and the Securities and Futures Commission (SFC) have released consultation conclusions, signaling a move towards formalizing licensing regimes for virtual asset advisory and management service providers. These new rules will operate…
Tether, the world’s largest stablecoin issuer, has announced plans to introduce GELT, a new stablecoin pegged to the Georgian lari. This initiative is reportedly backed by the Georgian government, signaling a significant development in the integration of digital assets within…
Indonesia has officially blocked access to the cryptocurrency-based prediction market platform Polymarket. This action is part of a nationwide campaign against online gambling, which is prohibited under Indonesian law. The Ministry of Communication and Digital stated that Polymarket’s operations, involving…
Silicon Valley law firm Fenwick & West has agreed to a $54 million settlement with FTX customers, resolving claims that the firm’s legal services facilitated the cryptocurrency exchange’s alleged fraud. This resolution is part of a broader second wave of…
A recent investigative report by The New York Times alleges a concerted effort within the Commodity Futures Trading Commission (CFTC) to facilitate regulatory approvals for crypto firms with connections to the Trump family. The investigation suggests that career officials who…
Prediction market operators Kalshi and Polymarket have been unsuccessful in their attempts to halt gambling-related legal actions in Nevada and Washington. The Ninth Circuit Court of Appeals denied their requests to move these cases to federal court, remanding them back…
The European Central Bank (ECB) has voiced strong opposition to proposals aimed at easing regulatory requirements for euro-denominated stablecoin issuers, warning that such measures could destabilize European banks and undermine monetary policy transmission. The ECB’s stance, reported by Reuters and…
Bitcoin experienced a dip from $79K down to $74K before recovering towards $77K, marked by decreasing momentum and activity. Despite a less optimistic market sentiment, a reduction in selling pressure suggests early indications of stabilization. Overview Bitcoin experienced a downturn…