Crypto News
The latest cryptocurrency news, market moves and industry updates.
NYC council announces probe into ‘predatory marketing practices’ on prediction markets
The NYC council has announced a probe into prediction markets, citing concerns over predatory marketing practices, with letters sent to four companies.
Kraken adds S&P 500 to funded trading program, commodities to follow
Kraken adds S&P 500 to its funded trading program, with commodities to be added next, as part of its multi-asset offering expansion.
Bitwise cuts 14% of staff while still expecting growth
Bitwise cuts 14% of staff while still expecting growth, following other crypto companies in reducing workforce this year
Goldman Sachs leaps into bitcoin income ETFs with $2.25 billion NEOS buyout
Goldman Sachs buys NEOS for $2.25 billion, expanding its ETF assets to $130 billion, taking on BlackRock's BITA fund
FlightAware drops Kalshi lawsuit one day after filing
FlightAware drops Kalshi lawsuit one day after filing, with changes made to Kalshi's event contracts
Bank of England tests stablecoin, digital pound interoperability in cross-border payments
The Bank of England's Digital Pound Lab is testing a cross-border trade finance flow combining stablecoin payments with simulated digital pound settlement, as reported by CoinTelegraph.
Wintermute plans $1 billion AI push beyond crypto: Bloomberg
Wintermute plans to diversify its business with a $1 billion AI push beyond crypto, seeking non-crypto markets to drive over 50% of revenue by 2027
Kalshi taps Solana platform for Wall Street-style high-speed data feed
Kalshi adds Solana-based DoubleZero data to its order book to meet institutional demands, according to CoinDesk
HashKey begins beta distribution of Hong Kong-regulated HKDAP stablecoin
HashKey starts distributing Hong Kong's regulated HKDAP stablecoin, expanding institutional access. This development is part of Hong Kong's growing regulated stablecoin market.