HIFI Raises $37M Series A to Build Settlement Rails for Tokenized Money
The funding was led by Left Lane Capital, and aims to expand the company's regulatory licenses, card products, and capital markets infrastructure.
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New York Sues Polymarket Over Alleged Illegal Gambling Operation
New York Attorney General Letitia James and Governor Kathy Hochul have announced a lawsuit against Polymarket US. The state alleges the prediction platform is operating illegal, unlicensed gambling in New York. The lawsuit seeks to stop the activity and asks…
US Prosecutors Want $84.2 Million From a Bank Tied to Tether
Federal prosecutors are targeting a Montana payments firm and a Caribbean bank accused of moving money without a license.
Another appeals court rules against prediction market provider Kalshi, says sports contracts are subject to state regulations
A Sixth Circuit Court of Appeals panel ruled that prediction markets' sports-related events contracts are not swaps, and therefore aren't subject to federal regulatory oversight.
Bitcoin survives a 5.2% Treasury shock as traders slash $1.7 billion in leverage
Bitcoin is holding near $84,000 even as a historic US bond selloff pushes Treasury yields to decades-high levels. The benchmark 10-year Treasury yield climbed to 5.22%, extending a move that has taken borrowing costs to their highest level since 2007.…
OG.com seeks CFTC approval for single-stock perpetual futures
OG.com, recently spun out of Crypto.com, joins Coinbase, Kalshi and Kraken parent Payward in seeking approval to bring perpetual futures to individual US stocks.
SEC crypto FAQ addresses token buybacks, network upgrades and promises of profit
Promoting a network’s current uses generally would not create an expectation of profit, SEC staff said.
ARK Brings $1.3B Venture Fund Onchain Through Securitize
ARK Invest is tokenizing its ARK Venture Fund through Securitize. The fund has roughly $1.3 billion in assets and invests across private and public technology companies including OpenAI, Anthropic, Stripe and Databricks. The move tokenizes ownership and administration of the…
Ex-CFTC leader to leave Blockchain Association after CLARITY vote fails
Former CFTC Commissioner Summer Mersinger joined the Blockchain Association in 2025 after resigning during her second term at the federal commodities regulator.
KelpDAO Sues LayerZero and CEO Bryan Pellegrino Over $292M Hack
Pellegrino rejected the civil claim, calling it meritless and saying that he would defend himself in Vancouver courts.
North Korean Hackers Linked to $388M Bitget Crypto Exchange Theft: CEO
Bitcoin Magazine North Korean Hackers Linked to $388M Bitget Crypto Exchange Theft: CEO Crypto exchange Bitget has released more details on Thursday’s hack. This post North Korean Hackers Linked to $388M Bitget Crypto Exchange Theft: CEO first appeared on Bitcoin…
Blockchain Association sees leadership shift shortly after crypto Clarity Act fizzles
The trade group will be run again by its original CEO, Kristin Smith, when Summer Mersinger leaves at the end of a long congressional tussle.