Key Takeaways Genius Sports signed Polymarket on Aug. 4 and Kalshi on Aug. 5. Genius booked prediction-market revenue in Q2, before either deal was signed. Q2 revenue rose 65% to $195.5M; Genius still posted a $76.7M net loss. One Data Supplier Playing Both Sides of the Prediction-Market Rivalry Genius Sports will supply Kalshi with real-time…
Key Takeaways The EU is set to revise the MiCA framework to allow excluded foreign stablecoins like Tether to operate. This regulatory review is heavily influenced by the U.S. GENIUS Act and Trump’s pro-stablecoin policies. Diplomats will also consider expanding the framework to regulate emerging tokenized payments and deposits. EU Set To Review MiCA’s Provisions…
Key Takeaways Blackrock’s IBIT led $128.69M into bitcoin ETFs Thursday, extending inflows to 4 days. Ether ETFs added $92.15M as Blackrock’s ETHA drew $81.14M, reinforcing demand for top crypto funds. HYPE gained $2.84M while Solana lost $859,450, testing whether altcoin demand broadens next week. Bitcoin Streak Hits 4 Days With $128.69M Inflow Capital continued to…
Key Takeaways Lummis vows to keep pushing the CLARITY Act despite its stalled progress. The CLARITY Act would strengthen crypto safeguards and enforcement. The lawmaker warns further delays could push comprehensive rules to 2030. Lummis Renews CLARITY Act Push as Senate Action Slows U.S. Senator Cynthia Lummis (R-WY) shared on X on Aug. 7 that…
Key Takeaways Senator Thune plans a pre-recess cloture vote on the CLARITY Act, teeing it up for September. This scheduling move signals strong GOP commitment to unlocking crypto investments and jobs. Unresolved stablecoin and ethics disputes threaten to block the 60 votes needed for final passage. CLARITY Act Motion Cloture Vote To Be Filed Before…
Key Takeaways BTCPay Server faced an active vulnerability exploit that allowed attackers to steal funds from users. Developers urged users to update to version 2.4.2 or shut down servers to prevent further losses. Following the Coldcard hack, multiple nodes were drained in what appears to be a targeted attack. BTCPay Server Recommends Upgrading After Critical…
Key Takeaways Bitcoin hit an August peak of $65,340 on Bitstamp before consolidating with a 0.5% daily gain. Crypto liquidations reached $192 million as bitcoin’s market cap surged back above $1.3 trillion. Senator John Thune delayed the CLARITY Act to September as Luke Dashjr warned of a BIP 110 fork. Bitcoin Reclaims $65K Range On…
Key Takeaways Wintermute USA registered with SEC and FINRA, opening access to regulated U.S. securities trading. Wintermute’s $10B daily volume could intensify competition with Jane Street and Citadel Securities. Wintermute targets tokenized stocks and market-maker roles over the next 3-5 years. Wintermute Challenges Jane Street, Citadel With US Securities Push Wintermute is moving deeper into…
Strategic Expansion into Staked Ethereum Intesa Sanpaolo, Italy’s largest banking group, has reshaped its digital asset portfolio during the second quarter, slashing its spot bitcoin exchange-traded fund (ETF) position while tripling its holdings in a yield-generating ethereum product. According to a Securities and Exchange Commission (SEC) filing, Intesa reduced its stake in Blackrock’s iShares Bitcoin…
Key Takeaways Ark Invest bought 267,676 Block shares worth about $21 million on August 6. Cathie Wood’s fund also added 20,318 SpaceX shares worth roughly $2.3 million the same day. The purchases extend Ark’s long-running bets on Jack Dorsey’s Block and Musk’s SpaceX. Ark’s Latest Trades Ark Invest, the asset management firm founded by Cathie…
