Author: Coindesk

“Appellee KalshiEx LLC (‘LLC’), knowing that this Court’s review was imminent, has raced to launch its election gambling contracts on the same day the District Court issued a memorandum opinion, before Appellant the Commodity Futures Trading Commission (‘Commission’ or ‘CFTC’) has had the opportunity to file this motion for stay pending appeal about the serious legal issues and public interests at stake,” the CFTC said in its filing. Read the full article here

The so-called build-on-Bitcoin trend first came to prominence in early 2023 with the Ordinals protocol, which introduced a Bitcoin version of non-fungible tokens (NFTs). This has since continued with the provision for memecoins and other fungible tokens on the Runes protocol, while the BitVM computing paradigm has opened the door to facilitating smart contracts on Bitcoin. Read the full article here

“We believe Grayscale XRP Trust gives investors exposure to a protocol with an important real-world use case,” said Grayscale’s Head of Product & Research, Rayhaneh Sharif-Askary in a press release. “By facilitating cross-border payments that take just seconds to complete, XRP can potentially transform the legacy financial infrastructure.” Read the full article here

The company “has agreed to cease and desist from violating the applicable federal securities laws and will make only a limited set of crypto assets available for trading,” the statement said, though eToro pointed out the restrictions affect only an estimated 3% of customer’s cryptocurrencies by dollar value. Read the full article here

Why bring traditional, large funds on-chain? Financial advisors may seek higher-performing assets to enhance client portfolios. However, such funds tend to have high investment minimums, for example, $5 million. What if your clients could participate at a fraction of that, say $20,000? More clients get to take advantage of attractive risk-adjusted returns, advisors can rebalance a bit more granularly, and issuers can manage their investors more easily, thanks to the power of blockchain. This holds true of many assets, allowing for portfolio customization especially in an era where the transfer of wealth exposes different asset allocation preferences and risk profiles.…

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“The launch of ynBNB marks the beginning of our journey to develop the restaking landscape on the BNB Chain,” Amadeo Brands, YieldNest’s CEO & co-founder, said in a press release “Our new token, ynBNB, enhances returns, facilitates participation in Kernel, Karak, and Binomial’s ecosystems, and earns additional incentives.” Read the full article here

Based on a survey of more than 2,500 cryptocurrency users in Brazil, Nigeria, Turkey, Indonesia, and India, access to crypto markets was still the leading motivation for using stablecoins, but there’s a wide variety of popular non-digital asset use cases as well. Read the full article here

But in a 32-page memorandum to U.S. District Court Judge Lewis Kaplan of the Southern District of New York (SDNY) last week, Salame argued that prosecutors had promised him that they would cease any investigations into Michelle Bond, Salame’s long-time partner and mother of his child, as part of his plea deal. Read the full article here

Etoro, which is based in Israel, is not a big player in the U.S. crypto market. It has only 240,000 customer accounts compared to Coinbase’s 100 million. But the SEC agreement is significant for the clues it offers about how the regulator views the key legal question of which digital assets are not securities, and therefore outside its supervision, lawyers contacted by CoinDesk said. Read the full article here