CFTC Defines Event Contracts as Swaps, Setting Stage for Supreme Court Battle Over Prediction Markets and Federal Jurisdiction

The Commodity Futures Trading Commission (CFTC) has initiated a significant regulatory maneuver by issuing two crucial proposals, one of which formally defines "event contracts"—the financial instruments underpinning prediction markets—as "swaps"…

Here’s what happened in crypto today

The dynamic world of cryptocurrency continues to see rapid developments across finance, security, and regulation. In a significant move for crypto-native financial services, Bermuda-based Meanwhile, a life insurer licensed to…

Tron Network Launches Post-Quantum Cryptography on Testnet Amidst Growing Industry-Wide Race to Safeguard Digital Assets Against Quantum Threats

Justin Sun, founder of the Tron network, has announced that the company’s post-quantum cryptography (PQC) solution is now live on its testnet, marking a significant milestone in the blockchain industry’s…

Meanwhile Secures $37.5 Million in New Funding, Fueling Global Expansion of Bitcoin Life Insurance Amid Surging Demand from High-Net-Worth Individuals

Meanwhile, a Bermuda-based life insurer uniquely licensed to operate entirely in Bitcoin, has announced a significant influx of $37.5 million in new funding from its existing robust investor base. This…

US Treasury Secretary Scott Bessent Announces Imminent Billion-Dollar Cryptocurrency Seizure Targeting Iran Amid Intensified Economic Pressure

US Treasury Secretary Scott Bessent announced on Thursday that the United States was poised to seize approximately one billion dollars in cryptocurrency within the current week, a significant escalation in…

Wealthy Investors Embrace Crypto Amidst Macroeconomic Headwinds and Shifting Corporate Strategies

Affluent investors appear increasingly comfortable with crypto, even if their financial advisers aren’t keeping pace, as a new CoinShares survey reveals that a majority of wealthy investors across seven major…

US Spot Bitcoin and Ether Futures ETFs See Nearly $1 Billion in Outflows Amidst Weakening Crypto Rally

US spot Bitcoin exchange-traded funds (ETFs) and Ether futures ETFs have experienced a significant wave of capital withdrawal, registering nearly $1 billion in combined net outflows so far in October.…

East Asia Navigates Complex Crypto Landscape: China’s P2P Stablecoin Surge, South Korea’s Market Contractions, and Regional Regulatory Refinements

The East Asian cryptocurrency market is a vibrant, yet paradoxically complex and diverse, ecosystem, demonstrating remarkable resilience and strategic shifts amidst varying regulatory pressures and economic conditions. A recent Chainalysis…

Bitcoin Plunges as Geopolitical Tensions Escalate Between US and Iran, Fueling Oil Price Spikes and Inflation Concerns

Bitcoin (BTC) experienced a significant downturn on Thursday, dropping sharply and risking the loss of a crucial support level at $82,500. The digital asset’s slide coincided with a pronounced surge…

Sui’s Hashi to launch with $500M in Bitcoin finance commitments

Mysten Labs, the principal contributor to the Sui blockchain, is poised to launch its groundbreaking Hashi Bitcoin finance network in October, backed by an impressive initial capital commitment exceeding $500…