Kalshi has fueled a billion-dollar dispute over sports betting regulation as trading activity on its platforms continues to surge. Summary Gaming and tribal groups urged the Senate to block sports-related prediction contracts through the CLARITY Act. The American Gaming Association estimates prediction markets have cost states about $1.08 billion in tax revenue. Kalshi’s crypto perpetual
Leadership says the layoffs were driven by changing technical requirements rather than any cost-cutting pressure. Matter Labs is reshuffling its team as the company moves to a permissioned privacy chain called Prividium. The layoffs will include senior engineers, designers, and operators who are no longer aligned with the new direction. Founder Explains Layoff Decision.
Strategy has returned to the spotlight after QCP estimated its current liquidity runway for dividend payments at about seven and a half months. Summary QCP warned that Strategy may eventually sell more Bitcoin if dividend obligations outpace available funding sources. CEO Phong Le said the recent 32 BTC sale was a process test, not a
Critics say the measure effectively singles out digital assets for taxation based on technology rather than activity. Andreessen Horowitz crypto executive Miles Jennings criticized Illinois’ newly enacted Digital Asset Privilege Tax Act on June 17, calling it “one of the most anti-crypto laws in the US.” The law imposes a 0.2% tax on the
SpaceX filed a Form 8-K with the US Securities and Exchange Commission (SEC) on June 15, 2026, days after closing one of the largest US IPOs in recent memory, and the document confirms what the earlier S-1 registration statement had already flagged: 18,712 BTC remains parked on the company’s balance sheet, untouched through multiple market
The decision was highly anticipated but there are still some fears about potential hikes by the end of the year. The first FOMC meeting with the new Federal Reserve Chair, Kevin Warsh, at the helm of the central bank didn’t provide any surprises, as the entity expectedly left the interest rates unchanged. With the
Bernstein has reaffirmed its buy rating on Coinbase and maintained a $330 price target after the company unveiled a series of new products designed to extend its business beyond crypto trading. Summary Bernstein maintained a buy rating on Coinbase and kept its $330 price target after the System Update event. Coinbase unveiled AI-powered trading tools,
The Saylor-led Strategy perpetual preferred stock STRC dropped 3.58% to $91.79 on Tuesday, hitting near-record lows and sitting 8.2% below its $100 par value, and the reason matters beyond one bad session. The decline signals a direct collision between Michael Saylor’s relentless Bitcoin treasury accumulation playbook and the cash obligations his company has made to
Bitcoin’s recovery has slowed after reaching a key resistance cluster, with the asset now consolidating beneath an important supply zone. The latest price action suggests that bulls are attempting to maintain momentum, but the market remains at a critical level where the next breakout or rejection could determine the short-term trend. Bitcoin Price Analysis: The
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin miners face rising costs as AI computing and cloud mining models gain traction across the industry. Summary U.S. Bitcoin miners face pressure from the halving, power costs, and competition as AI cloud mining