The US Commodity Futures Trading Commission (CFTC) is suing New York, Connecticut, Arizona and Illinois for applying state-level gambling laws to prediction markets. The move follows a heated legal argument between states and companies like Kalshi, as they fight over who has jurisdiction to regulate the “prediction” platforms. Other states have issued cease-and-desist letters or…
Bitcoin (BTC) may undergo a massive rally, based on a recurring gold chart pattern, with gains of up to 180% over the next 12 months. Key takeaways: BTC is up nearly 40% versus gold since March after falling for seven months in a row. Similar BTC/XAU recoveries have historically coincided with Bitcoin bottoms in US…
The United Kingdom’s financial regulator has signed off on new rules and guidance for tokenized funds, aiming to make it easier for asset managers to use blockchains within the existing fund regime rather than in separate experimental structures. In a Thursday policy statement, PS26/7, the Financial Conduct Authority (FCA) said tokenization and distributed ledger technology…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes or less, downloadable on Apple Pod or Spotify. GM! Today’s top news: Crypto majors fall…
South Korean prosecutors have requested a 20-year prison sentence for the CEO of crypto deposit service Delio, calling the scale of alleged fraud against thousands of investors “massive.” During closing arguments at the Seoul Southern District Court on Thursday, prosecutors asked the court to sentence Jeong Sang-ho under the Act on Aggravated Punishment of Specific…
The cryptocurrency industry has seen a sharp spike in hacks in April, with losses topping $600 million in the worst month for crypto hacks in more than a year. According to DeFiLlama, the total value hacked in April so far amounted to $629.7 million, the highest since $1.47 billion in February 2025. With KelpDAO’s $293…
Australia’s future account-to-account (A2A) payment systems may need to adapt if tokenized forms of money gain broader use, including stablecoins and tokenized liabilities, according to a draft vision for the country’s domestic payment rails. The draft, co-developed by the Account-to-Account Payments Roundtable, which includes AusPayNet, Australian Payments Plus, the Reserve Bank of Australia and the…
One of South Korea’s largest credit card providers, Shinhan Card, signed a memorandum of understanding with the Solana Foundation to test stablecoin payment technology and explore the use of non-custodial wallets through a more advanced follow-on proof of concept (PoC). Following a joint pilot project completed at the beginning of April, the new partnership will…
The United States has seized nearly $500 million in Iranian cryptocurrency assets as part of a sweeping economic pressure campaign against Tehran, Treasury Secretary Scott Bessent said Wednesday. Bessent made the comments during an appearance on Fox Business’s “Kudlow,” where he outlined the scope of Operation Economic Fury, a campaign ordered by President Donald Trump…
Fundstrat co-founder Tom Lee shared a “generational play” thesis for Ethereum that predicts 3,000% upside in Ether (ETH) price to $60,000. Key takeaways: ETH is testing a key long-term support trend line that preceded 5,000% gains in the past. Tom Lee amplified the fractal setup, which projects ETH toward $60,000 by 2030. ETH price chart:…