Squid, a cross-chain infrastructure platform that has facilitated over $6 billion in transaction volume across more than 100 blockchain networks, has successfully closed a $6 million strategic funding round. The investment, led by North Island Ventures, saw participation from prominent…
Crypto exchange OKX has announced a strategic partnership with Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, to introduce oil perpetual contracts. These new financial instruments will be benchmarked against ICE’s Brent Crude and WTI Crude…
Silicon Valley law firm Fenwick & West has agreed to a $54 million settlement with FTX customers, resolving allegations that the firm played a role in facilitating the cryptocurrency exchange’s alleged fraud. This agreement forms a significant part of a…
A new bipartisan legislative proposal in the U.S. House of Representatives, titled the “American Reserve Modernization Act of 2026” (ARMA), aims to establish a strategic reserve for government-held Bitcoin (BTC) with a minimum 20-year lockup period. This initiative represents a…
A recent report from The Wall Street Journal (WSJ) has alleged that Iranian financier Babak Zanjani utilized Binance to facilitate approximately $850 million in transactions over a two-year period, purportedly to fund Iran’s military activities. The transactions are said to…
Chun Wang, a prominent figure in the cryptocurrency mining sector as the co-founder of F2Pool, is slated to join SpaceX’s ambitious Starship mission with a two-year objective that includes a fly-by of Mars. This endeavor marks a significant personal milestone…
The U.S. Securities and Exchange Commission (SEC) has reportedly postponed the release of its proposed innovation exemption, a framework intended to clarify the regulatory treatment of tokenized assets. The delay stems from concerns raised regarding third-party token issuers, according to…
Prediction market platforms Kalshi and Polymarket have failed in their attempts to halt ongoing gambling-related legal proceedings in Nevada and Washington. The Ninth Circuit Court of Appeals has denied the companies’ requests to move these cases from state to federal…
A new advocacy organization, Americans for Fair Markets (AFM), has been established with the backing of Kalshi, a prominent prediction market platform. The group’s formation, timed with the approach of midterm elections, signifies a strategic move to influence the regulatory…
Polymarket, a decentralized prediction market platform, has initiated an internal investigation following reports of suspicious outflows from its UMA CTF Adapter infrastructure on the Polygon network. Onchain investigator ZachXBT initially flagged significant fund movements from two addresses associated with the…