Traditional finance giants Charles Schwab and Citadel Securities are both considering entering prediction markets, with each separately weighing up how they wish to get involved in the fast-growing sector. “I think at some point we likely will have prediction markets,” Rick Wurster, the CEO of the banking and investing titan Schwab, told investors during a…
US media personality and former Olympian Caitlyn Jenner has escaped a class-action lawsuit after a federal judge ruled her memecoin was not a security under US law. California federal judge Stanley Blumenfeld Jr. wrote in an order on Thursday that the lawsuit failed to plausibly plead that Caitlyn Jenner (JENNER) tokens were investment contracts, as…
US Senator Elizabeth Warren has accused Paul Atkins, the head of the Securities and Exchange Commission, of possibly lying to Congress about the agency’s enforcement numbers. Warren, the top Democrat on the Senate Banking Committee, said in a letter to Atkins dated Wednesday that the SEC’s enforcement data for fiscal year 2025, released on April…
Kelp, a liquid restaking protocol, was the victim of a cyber attack on Saturday, causing the platform to pause smart contracts for its restaking token (rsETH), as it “investigates” the attack amid reports of hundreds of millions of dollars in losses. “Earlier today, we identified suspicious cross-chain activity involving rsETH. We have paused rsETH contracts…
The Bitcoin (BTC) mining difficulty, the relative challenge of adding new blocks to the BTC blockchain, fell on Saturday, amid public mining companies selling record amounts of BTC to cover operating expenses. The Bitcoin mining difficulty fell to about 135.5 T, a modest decrease of about 1.1% over the last 24 hours, according to data…
Key takeaways: Solana maintains its market dominance in DEX volume and TVL despite SOL’s underperformance versus its peers. Easing sell pressure from volatile geopolitics and a resurgence in memecoin activity could catalyze a SOL price rally to $100. Solana’s native token SOL (SOL) gained 10% within five days, reaching a three-week high on Friday. This…
In brief GalaxyOne Head Zac Prince said he’s “not particularly excited” about prediction markets when it comes to enabling customers to build long-term wealth. The executive highlighted the retail investment platform’s recent support of Solana staking and associated lending products in the firm’s pipeline. Staking has enabled competitors like Coinbase to diversify revenue, while others…
Iran’s government naming Bitcoin (BTC) as a payment method for oil ships crossing the Strait of Hormuz highlights its role as a neutral, strategic asset, according to Sam Lyman, head of research at digital asset advocacy organization Bitcoin Policy Institute (BPI). The government selected BTC as one of the payment methods for the tolls because…
In brief Today’s quantum computers are far too small and unstable to threaten real-world cryptography. Early Bitcoin wallets with exposed public keys are most at risk in the long term. Developers are exploring post-quantum signatures and potential migration paths. Quantum computers can’t break Bitcoin’s cryptography today, but new advances in the field suggest the gap…
Stablecoins behave like a fragmented foreign exchange market, where liquidity is spread across blockchains and pools, creating price differences and uneven access to dollar liquidity. Moving stablecoins looks simple on the surface. But under the hood, it’s often a multi-step transaction routed across chains and pools. “It’s a very special case of a foreign exchange…