Quick Summary: A Philadelphia federal appeals court rules 2-1 that New Jersey has no authority to regulate Kalshi’s prediction markets, placing oversight solely with the CFTC. A federal appeals court in Philadelphia has ruled that New Jersey cannot regulate prediction market platform Kalshi under existing state gambling laws. The three-judge panel of the Third Circuit Appeals Court decided 2-1 on Monday that wagers on Kalshi, including those tied to sports outcomes, fall exclusively under federal oversight by the Commodity Futures Trading Commission (CFTC). The ruling affirms a preliminary injunction issued last spring that blocked New Jersey from enforcing a ban…
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Quick Summary: The IMF warns that tokenized finance eliminates settlement delays that regulators rely on, risking instant liquidity crises and undermining financial stability frameworks. The International Monetary Fund has issued a warning that stablecoins resemble money market funds more than genuine money and could be vulnerable to confidence-driven runs as tokenized finance continues to expand. Tobias Adrian, financial counsellor and director of the IMF’s monetary and capital markets unit, wrote that tokenization represents a structural reallocation of trust within the financial system. The report argues that this shift carries significant implications for how regulators and central banks manage financial stability.Traditional…
Quick Summary: A solo Bitcoin miner with just 230 terahashes per second validated block 943,411, earning roughly $210,000 despite near-impossible odds. A solo Bitcoin miner operating with approximately 230 terahashes per second of computing power has successfully validated block 943,411, earning a reward of 3.139 BTC valued at around $210,000. The achievement is considered highly unlikely given the miner’s minimal share of the overall network. The result has drawn attention across the cryptocurrency community as an example of a small operator outperforming expectations.The miner was connected to the solo.ckpool.org pool and represented just 0.00002% of the network’s estimated one-zetahash total…
Quick Summary: BitMine Immersion Technologies now holds over 4.8 million ETH worth $10.3 billion after purchasing 71,252 ETH in a single week. BitMine Immersion Technologies has acquired an additional 71,252 ETH valued at approximately $152 million over the past week, according to an announcement made on Monday. The purchase brings the firm’s total holdings to more than 4.8 million ETH, worth around $10.3 billion at current prices. That figure represents roughly 3.98% of the entire circulating supply of the token. The announcement coincides with a period of relative strength for Ethereum compared to broader financial markets.Ethereum recorded a 5.4% gain…
Quick Summary: Bitmine Immersion Technologies holds 4.8 million ETH, representing 3.98% of circulating supply, as it nears its 5% ownership target. Bitmine Immersion Technologies now holds 4.8 million ether, equivalent to 3.98% of the cryptocurrency’s circulating supply. The company is closing in on its stated goal of controlling 5% of all ETH in circulation. The milestone reflects a significant accumulation strategy that has drawn considerable attention from investors and market observers.Alongside its holdings, Bitmine operates the Mavan staking network, which currently stakes 3.33 million ETH. That network generates approximately $196 million in annualized revenue for the company. The expansion of…
Quick Summary: Strategy acquired 4,871 Bitcoin for $329.9 million last week, bringing its total holdings to 766,970 BTC at a cumulative cost of around $58 billion. Strategy, the world’s largest publicly listed corporate holder of Bitcoin, has resumed purchasing BTC after reporting no acquisitions in the final week of March. The company disclosed the new purchases in an 8-K filing submitted to the US Securities and Exchange Commission on Monday. The filing confirmed that Strategy acquired 4,871 BTC for a total of $329.9 million, at an average price of $67,718 per coin.The latest purchase price sits below the company’s overall…
Quick Summary: A cybercriminal known as Jinkusu is selling deepfake and voice manipulation tools designed to defeat KYC identity checks at banks and crypto platforms. A threat actor operating under the alias Jinkusu is allegedly marketing cybercrime tools capable of bypassing Know Your Customer (KYC) verification systems used by banks and cryptocurrency platforms. The tools rely on deepfake technology and voice manipulation to deceive biometric identity checks. Cybercrime tracker Dark Web Informer first reported the activity in a post on Sunday. Cybersecurity firm Vecert Analyzer added further detail, noting that Jinkusu employs AI-driven real-time face swaps through InsightFace to enable…
Quick Summary: Strategy bought 4,871 bitcoin for roughly $330 million last week, bringing its total holdings to 766,970 BTC worth about $58 billion. Strategy acquired 4,871 bitcoin last week in a purchase totaling approximately $329.9 million, with an average price of $67,718 per coin. The transaction represents the company’s continued commitment to accumulating the cryptocurrency as a core part of its financial strategy. The latest buy adds to what has become one of the largest corporate bitcoin positions in the world.In total, Strategy has now spent roughly $58.02 billion building its bitcoin holdings, at an average acquisition cost of $75,644…
Quick Summary: Strategy acquired 4,871 Bitcoin for $330 million last week, bringing its total holdings to nearly 767,000 BTC valued at roughly $53.3 billion. Strategy announced on Monday that it purchased 4,871 Bitcoin for $330 million the previous week, resuming acquisitions after a brief pause. The Tysons Corner, Virginia-based company now holds nearly 767,000 Bitcoin, a sum worth approximately $53.3 billion. The latest tranche was acquired at an average price of $67,700 per coin, below the level at which Bitcoin traded on Monday.The purchase was funded primarily through Strategy’s variable-rate preferred share, STRC, a dividend-paying financial product. The firm issued…
Quick Summary: Solana’s largest decentralized exchange lost $285 million in a sophisticated governance attack linked to North Korean hackers. Drift Protocol, the largest decentralized perpetuals exchange on Solana, was exploited for $285 million on April 1 in what analysts describe as a months-long governance attack. The breach unfolded in just 12 minutes through 31 rapid automated withdrawals. Blockchain intelligence firms Elliptic and TRM Labs both flagged alleged involvement by North Korea, marking what they characterize as the 18th North Korean crypto attack of 2026, with more than $300 million stolen this year alone.The operation reportedly began in October 2025, when…
