Quick Summary: A Nevada judge extends a temporary ban on Kalshi’s sports-related prediction markets and signals he will issue a preliminary injunction against the company. A Nevada state judge has extended a temporary ban on Kalshi’s sports-related prediction market contracts and indicated he will grant a preliminary injunction against the company while a broader legal dispute plays out. Judge Jason Woodbury of the First Judicial District Court made the announcement at a hearing held Friday at the Carson City courthouse. He extended the original temporary restraining order by two weeks to allow time to finalize the injunction’s language.Judge Woodbury first…
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Quick Summary: Analyst Michael van de Poppe says Bitcoin’s prolonged stagnation below $70,000 may be building pressure for a heavier breakout above $71,000. Bitcoin has remained locked in a narrow trading range, and at least one analyst believes the extended consolidation could be setting the stage for a significant price move. Michael van de Poppe, founder of MN Trading Capital, stated in a post on X that the longer the stagnation continues, the more forceful any eventual breakout is likely to be. He noted that Bitcoin currently shows no clear directional momentum and said he is watching for a push…
Quick Summary: ETF analyst James Seyffart predicts Bitcoin ETFs will surpass gold ETFs in assets under management due to Bitcoin’s broader investment use cases. James Seyffart, an ETF analyst, believes spot Bitcoin exchange-traded funds could eventually surpass gold ETFs in total assets under management. Speaking on the Coin Stories podcast published on Friday, Seyffart argued that investor demand for Bitcoin ETFs extends well beyond the conventional comparison to gold. He cited Bitcoin’s multiple perceived roles in a portfolio as a key differentiator from the traditional precious metal.Seyffart outlined several reasons investors might allocate to a Bitcoin ETF, including its function…
Quick Summary: Google Quantum AI research suggests a future quantum computer could derive a bitcoin private key from a public key in roughly nine minutes. New research from Google’s Quantum AI team indicates that a sufficiently advanced quantum computer could derive a bitcoin private key from a public key in approximately nine minutes. This capability, if realized, would allow attackers to hijack transactions before they are confirmed on the network. The findings highlight a significant potential vulnerability in bitcoin’s cryptographic foundations.The threat extends beyond live transactions. Around one-third of all bitcoin in circulation — including early coins and funds held…
Quick Summary: The Ethereum Foundation staked over 45,000 ETH on Friday, bringing its total staked holdings to roughly 69,500 ETH, just under its 70,000 target. The Ethereum Foundation, the non-profit organization overseeing development of the Ethereum ecosystem, staked more than 45,000 ETH on Friday, pushing its cumulative staked total to approximately 69,500 ETH. The deposit leaves the Foundation fewer than 500 coins short of its stated 70,000 ETH target. The transactions were conducted in increments of 2,047 ETH each, with Friday’s staked amount valued at over $92.2 million, according to data from Arkham Intelligence.The Foundation’s staking activity began in February…
Quick Summary: FIFA signs a multi-year deal with ADI Predictstreet, making it the first official prediction market partner for the 2026 World Cup. FIFA has entered into a multi-year agreement with ADI Predictstreet, designating it as the governing body’s first official prediction market partner. The deal centers on the 2026 FIFA World Cup, an expanded 48-team tournament scheduled to take place across Canada, Mexico, and the United States. The partnership is intended to integrate prediction markets into FIFA’s broader fan engagement strategy for the competition.Through the platform, fans will be able to forecast match outcomes, tournament statistics, standout players, and…
Quick Summary: Charles Schwab confirms spot crypto trading for Bitcoin and Ethereum is on track to launch in the first half of 2026. Charles Schwab, the financial services firm managing more than $12.2 trillion in assets, has confirmed it will offer spot Bitcoin and Ethereum trading to clients in the first half of 2026. A dedicated cryptocurrency page has appeared under the firm’s Investment Products section on its website, indicating that Schwab Crypto is coming soon. A company spokesperson confirmed to Decrypt that the launch is imminent, with interested users able to sign up online for updates and potential early…
Quick Summary: Cambodia’s Senate unanimously approved a bill imposing up to five years in prison and $125,000 in fines for crimes linked to fraud compounds. Cambodia’s parliament has passed legislation aimed at cracking down on criminal compounds used to carry out large-scale fraud operations, including schemes involving cryptocurrency. The Senate of the Kingdom of Cambodia announced on Friday that 58 senators voted unanimously in favor of the draft law, with no amendments proposed. The bill must still receive approval from the king before it can take effect.Under the proposed law, individuals convicted of certain crimes connected to these operations face…
Quick Summary: An attacker moved $232 million in USDC from Solana to Ethereum after exploiting Drift, prompting debate over Circle’s pace in freezing illicit funds. An attacker who exploited the crypto protocol Drift transferred approximately $232 million in USDC from Solana to Ethereum using Circle’s cross-chain transfer protocol. The movement of funds has drawn significant attention from the blockchain community and raised questions about how quickly stablecoin issuers should act in the aftermath of major exploits. The incident has reignited a broader debate about the responsibilities of regulated crypto infrastructure providers.Prominent blockchain investigator ZachXBT was among the critics who argued…
Quick Summary: Charles Schwab plans to offer spot bitcoin and ether trading through its Premier Bank unit in the first half of 2026. Charles Schwab is preparing to enter the spot cryptocurrency market, with plans to offer direct trading in bitcoin and ether during the first half of 2026. The service will be operated through its Charles Schwab Premier Bank unit. The move positions the brokerage giant as a direct competitor to established cryptocurrency exchanges.The company has already opened a wait list for its new Schwab Crypto account, signaling early demand from its existing client base. The account will allow…
