The limited trust charter received adds to the OCC approval to establish a National Trust Bank, positioning Circle as one of the most regulated stablecoin issuers in the cryptocurrency ecosystem. Circle was the first company to receive a New York BitLicense in 2015. Circle Receives Limited Purpose Trust Charter From NYDFS Circle, a financial and […]
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NY Sues Kalshi, Demanding $100K Fine Per Illegal Bet
The lawsuit alleges that Kalshi acted as an unlicensed gambling operator, stressing that prediction markets meet the legal definition of gambling as the outcomes of event contracts “are uncertain and outside the control of the bettor or hinge on a game of chance.” New York Alleges Kalshi Violated State Laws Operating an Unlicensed Gambling Business […]
Read MoreCoinbase Hits Record 10.3% Market Share Despite $359M Loss
Coinbase Global (Nasdaq: COIN) captured an all-time-high 10.3% share of global crypto trading volume in the second quarter, even as the exchange posted a $359 million net loss on revenue that missed Wall Street estimates. Market Share Climbs for a Third Straight Quarter Coinbase disclosed the milestone in its second-quarter 2026 earnings release yesterday, calling […]
Read MoreStrategy Swings From $14B Profit to $8.2B Loss as Saylor Sells
Strategy Inc. (Nasdaq: MSTR) posted an $8.22 billion quarterly loss as bitcoin’s price slide erased last year’s $14 billion gain. Regardless, the firm grew its BTC stack 11% to 843,775 coins but kept selling to fund shareholder payouts. Holdings Grow Even as Sales Continue Strategy disclosed the results in its second-quarter 2026 financial report, published […]
Read MoreLummis: CLARITY Act Framework ‘Is Not Working’ as Senate Stalls
Sen. Cynthia Lummis (R-WY) said the current U.S. regulatory framework for digital assets “is not working” for the industry, consumers or law enforcement, pressing the Senate to pass the CLARITY Act before its August recess. A Blunt Assessment From the Floor Lummis made her case earlier today, arguing that the patchwork of existing rules governing […]
Read MoreBase Says Its Distribution Edge Can Outlast Robinhood Chain’s Early Surge
Coinbase’s Base network is defending its position as an onchain distribution leader after Robinhood Chain confirmed a lead over Base in daily active users last week, a challenge the latter argues its 187.8 million agentic payments and imminent tokenized-stock launch can outlast. A Fast Start, With Caveats Within just four weeks of its launch, Robinhood […]
Read MoreAI Economy Can Jumpstart Dollar Stablecoin Dominance
Two AMRO economists warn that American dominance in artificial intelligence (AI)-linked energy, infrastructure, production, and payment rails can lead to a renewed dollar hegemony period through stablecoins. While other options also surge as drivers of this economy, stablecoins might be favored due to early network effects. AMRO Economists Argue American AI Dominance Might Cement Stablecoin […]
Read MoreSaeed Al-Marri: How Tokenization Is Opening Maritime Shipping Funds
According to Saeed Bin Saleh Al-Marri, tokenization can lower entry barriers to expensive maritime assets by fractionalizing vessel ownership into smaller, digital units. However, it cannot magically eliminate underlying asset illiquidity. Demystifying RWA Tokenization and Illiquidity Commercial maritime shipping has for centuries remained one of global finance’s most capital-intensive and exclusive asset classes. With single […]
Read MoreAave Founder Stani Kulechov Backs $98M Market Cleanup
Aave is preparing to wind down deployments on six blockchains and remove dozens of lightly used asset markets. The overhaul affects $98.1 million in deposits as the lending protocol narrows its focus to larger, more productive markets. Aave Plans 50 Asset Removals as Multichain Costs Rise Aave is pruning its sprawling multichain lending business, targeting […]
Read MoreShe Dreamed the Winning Numbers, Then Threw the Slip on Her Dresser. Six Months Later It Fell Out
The April 29, 2026 Powerball drawing created a New Jersey record of 18 second-tier millionaires, including 14 $1 million prizes and four $2 million wins with Power Play. One of those $1 million winners said they dreamed the numbers, lost the first time, then replayed them after a forgotten play slip fell off a dresser […]
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