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In brief Senators are looking for answers from CFTC Chairman Michael Selig about alleged deceptive marketing campaigns from Polymarket. The lawmakers are “concerned” the regulator is not appropriately enforcing laws and is incapable of providing consumer protections. The senators’ letter adds to mounting scrutiny on prediction markets and previous allegations of insider trading. A pair of senators are seeking answers from the Commodities Futures Trading Commission over a recent Wall Street Journal report, which alleged that Polymarket paid for the staging of $1.9 million in fake bets as part of a marketing campaign. In a letter addressed to CFTC Chairman Michael…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure SUI Group Holdings Limited, a Nasdaq-listed investment holding company trading under the ticker SUIG, has expanded its lending agreement with decentralized exchange Bluefin, bringing the total outstanding loan to 6 million SUI. The capital is tied to Bluefin’s role in financing Bluewater Labs’ acquisition of Suilend, one of the most prominent lending and DeFi platforms in the Sui ecosystem. TL;DR SUI Group Holdings expanded its Bluefin lending agreement by an additional 4 million SUI. The total outstanding loan now stands at 6…
In brief The Linux Foundation launched Akrites on Thursday with 19 founding members to coordinate the remediation of critical open source vulnerabilities before AI-enabled attackers can exploit them. Fewer than 5% of the thousands of open-source vulnerabilities surfaced by AI in recent months have been patched, according to Endor Labs CEO Varun Badhwar. Akrites is designed to close this coordination gap. The Linux Foundation launched Akrites on Thursday alongside 19 founding organizations—Amazon, Anthropic, Citi, Google, JPMorganChase, Microsoft, NVIDIA, OpenAI, and others—to coordinate the patching of critical open-source software before AI-powered attackers can exploit it.The initiative addresses a timeline problem that…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Chainlink has been linked to Project Pangea, a cross-border FX settlement initiative involving FairSquareLab and a consortium of more than 47 European and South Korean banks. The project aims to reduce foreign-exchange settlement times from T+2 to T+0 by using regulated euro- and Korean won-pegged stablecoins, while allowing banks to continue initiating trades through familiar SWIFT messages and ISO 20022 standards. TL;DR Project Pangea involves Chainlink, FairSquareLab and more than 47 European and South Korean banks. The initiative targets T+0 settlement for…
A former Bank of America insider is accused of stealing tens of thousands of dollars from two elderly customers while working at a branch in Nashville, Tennessee. Karl Stephen Richardson was arrested earlier this week and charged with credit card fraud, financial exploitation of an elderly adult and identity theft, reports WKRN News. Bank of America had reportedly filed a complaint with the Metro Nashville Police Department in February. Police say Richardson stole approximately $70,932 from an 86-year-old woman, with whom he had become personal friends. Between April 11th of 2022 and April 13th this year, Richardson conducted more than…
In brief Securitize expects to begin trading next week under the ticker symbol “SECZ,” following the completion of a merger with a blank-check firm. The debut of the BlackRock-backed tokenization specialist will test Wall Street’s appetite for companies tied to the emerging market. The company’s debut on the NYSE comes as the SEC wrestles with an innovation exemption for tokenized stocks. Whether Wall Street’s interest in tokenization translates into demand for companies closely tied to the technology is set to be tested next week alongside Securitize’s expected debut.The BlackRock-backed firm, which specializes in digital representations of real-world assets, announced plans…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Bithumb was fined 210 million won, according to Korea Herald reporting cited in the batch. The case involved overseas data transfers tied to USDT order details and user wallet information. The story is secondary-supported and should be attributed to local reporting. South Korea’s Personal Information Protection Commission has reportedly fined crypto exchange Bithumb 210 million won, or roughly $136,000, over violations tied to overseas user-data transfers. The repaired source batch cites Korea Herald reporting for the enforcement details and classifies the article as secondary-supported. What…
In brief Kalshi has teamed up with FIFA-linked ADI Predictstreet to expand its reach and step into the World Cup’s spotlight. Driven by intense sports wagering demand, weekly trading volumes for prediction markets surged to $14.5 billion. Platforms are aggressively scaling their World Cup marketing through celebrity and athlete campaigns. The world’s most anticipated sporting event continues to raise the profile of prediction markets, with a record amount of outstanding bets punctuated on Friday by a high-profile deal between Kalshi and an official partner of the World Cup 2026.ADI Predictstreet, a Gibraltar-licensed prediction market that unveiled a sponsorship deal with…
In brief Bitcoin slipped below $60,000 to an intraday low of $58,189, down 6.4% over the week and near its lowest level since September 2024. U.S. spot Bitcoin ETFs shed just under $692 million on Thursday, their biggest one-day outflow since late May. A $10.6 billion options expiry hits Friday, while more than $1.1 billion in leveraged crypto bets were liquidated over the past 24 hours. Bitcoin dipped below $59,000 Friday morning, dragged down by a fresh wave of ETF selling just as one of the year’s biggest options expiries comes due.The largest cryptocurrency was trading around $59,100 on Friday,…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Reports claimed Payward was negotiating to buy 15% of Aave Group. Kulechov rejected the idea of selling at a 70% discount, according to the cited report. The article must distinguish Aave Group, Aave Labs, Aave DAO and AAVE token holders. Aave founder Stani Kulechov has pushed back on reports that Payward, Kraken’s parent company, was negotiating to buy a 15% stake in Aave Group at a steep discount. The repaired source batch cites Bankless Times reporting and classifies the candidate as secondary-supported. What Happened? According…
In brief A global law enforcement operation froze more than €41 million ($47 million) in criminal crypto as part of Operation Endgame, Europol said Wednesday. The strike dismantled the infrastructure behind three malware families, SocGholish, Amadey, and StealC, that steal passwords and crypto wallet data to fuel fraud and ransomware. Police took down 326 servers and 142 domains and recovered some 27 million stolen credentials from more than 385,000 infected systems. A global crackdown on “cybercrime-as-a-service” malware that quietly drains crypto wallets has frozen tens of millions of dollars in stolen funds.Law enforcement identified, flagged, and froze more than €41…
Collector Crypt is turning crypto’s RWA debate into a consumer stress test: randomized card packs, USDC sellbacks, physical redemption, and CARDS incentives are producing activity outside the tokenized Treasury model crypto usually uses to sell RWAs.The CARDS ticker moved through crypto circles on X after Arthur Hayes amplified it on June 23. That social heat explains attention; value, sustainability, and durable collector demand still rest on operating behavior.The operating data is harder to ignore. On June 24, DeFiLlama’s Collector Crypt dashboard showed $60.98 million in annualized fees and revenue; $15.15 million over 30 days; $4.16 million over 7 days; and…
In brief Crypto custody and infrastructure firm BitGo is cutting nearly 15% of its staff, CEO Mike Belshe said Thursday, calling it a “one-time” move. Belshe framed the cuts as a refocusing on security, trading, stablecoins, settlement, and “AI-powered infrastructure.” BitGo is the latest crypto company to trim its headcount in 2026, joining Coinbase, Block, and Robinhood in a wave of cuts tied to AI and a market downturn. BitGo has joined the growing ranks of crypto firms slashing staff numbers as part of a pivot to AI.The crypto custody and infrastructure company is cutting nearly 15% of its workforce,…