Author: James Wilson

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 futures platform generated over $5.5 billion in volume within two weeks of launch. According to a report from Semafor, a coalition that includes the Indian Gaming Association, the American Gaming Association, and labor organizations has urged the US Senate to add language to the CLARITY…

Binance has been left relying on France as its last realistic route to secure a Markets in Crypto-Assets license after its expected authorization bid in Greece reportedly stalled ahead of the European Union’s June 30 deadline. Summary The Big Whale reported that Christine Lagarde helped derail Binance’s MiCA application in Greece despite regulatory progress. With the Greek route stalled, France has emerged as Binance’s last realistic option for securing EU-wide authorization. Binance said its application met MiCA requirements and warned approval delays could reduce liquidity and competition. According to a report published Wednesday by The Big Whale, European Central Bank…

ASTER has surged more than 20% after Aster unveiled a new tokenomics framework that commits almost all platform fee revenue to daily token buybacks and large-scale supply reductions. Summary ASTER surged over 20% after Aster committed 99% of platform fees to daily token buybacks. Aster plans to cut ASTER supply from 8 billion to 3 billion through ongoing reserve burns. Technical indicators turned bullish as ASTER broke above $0.65 and approached resistance near $0.81. According to a June 17 X post by Aster, 99% of the protocol’s daily fees will now be used to purchase ASTER from the open market…

The Federal Reserve has kept its benchmark interest rate unchanged at 3.50% to 3.75% for a fourth consecutive meeting as policymakers continue monitoring inflation risks across the U.S. economy. Summary The Federal Reserve kept interest rates unchanged at 3.50%–3.75% for a fourth straight meeting in 2026. Citadel Securities warned that persistent inflation could force the Fed to begin raising rates as early as September. Crypto markets remained subdued after the decision, with Bitcoin slipping to $65,430 and Ethereum to $1,770. According to the Federal Open Market Committee, officials voted to leave rates unchanged at the conclusion of the June meeting,…

Bitmine has strengthened expectations for a potential stock rally after Chairman Tom Lee highlighted the company’s chances of joining the Russell 1000 index ahead of the benchmark’s latest reconstitution update. Summary Tom Lee said Bitmine could join the Russell 1000, potentially attracting fresh institutional buying demand. Bitmine holds 4.72 million ETH worth about $8.1 billion, making it the largest Ethereum treasury company. The company expects roughly $219 million in annual staking rewards to help support BMNP dividends. According to Tom Lee, the updated list of companies entering and exiting the Russell 1000 is scheduled for release on June 18, with…

Wall Street expectations for future Federal Reserve tightening have increased sharply, with Citadel Securities now warning that policymakers could begin raising interest rates again as early as September 2026. Summary Citadel Securities expects the Fed could begin raising interest rates again as early as September 2026. The firm cites persistent inflation, strong labor markets, and rising AI investment as key drivers of price pressures. Prediction markets and major banks including BNP Paribas are increasingly discussing the possibility of future rate hikes. According to a note from Citadel Securities Head of Macro Strategy Frank Flight, the firm sees a growing risk…

Pavel Durov’s seven-step plan to rebuild Gram around Telegram is four steps in. The speed upgrade, the fee cut, the validator takeover, and the rename have all shipped. Here is what each one did, and what the three undisclosed steps might be. Summary Pavel Durov’s seven step MTONGA roadmap has completed four milestones, including a speed upgrade, lower fees, Telegram’s validator takeover, and the Gram rebrand. Telegram has reclaimed direct influence over The Open Network, marking a major departure from the separation established after the 2020 SEC settlement. Three undisclosed roadmap steps remain, with traders closely watching for developments that…

Cardano has moved closer to its next network upgrade after the van Rossem hard fork initiation governance action was submitted on mainnet. Summary Cardano’s van Rossem hard fork action reached mainnet governance for Protocol Version 11 review now. The intra-era upgrade adds features while preparing Cardano’s Dijkstra era and future Leios mainnet rollout. The hard fork name honors Max van Rossem after broad DRep support from community voters. The proposal marks the next step toward Protocol Version 11, an intra-era upgrade designed to add new features while preparing the network for the next major era, Dijkstra. That later phase is…

Australia’s High Court has unanimously ruled 7-0 in favor of the Australian Securities and Investments Commission, finding that Block Earner’s former fixed-yield crypto product required a financial services licence under existing law. Summary Australia’s High Court ruled 7 to 0 that Block Earner’s former fixed yield crypto product required a financial services licence. The decision overturns a 2025 appeal court ruling and sends the case back to the Full Federal Court to consider penalties. Block Earner has since exited yield products and is developing crypto backed home loans after securing an Australian Credit Licence in 2026. According to a June…

BitGo Singapore and dtcpay have formed a partnership to support secure digital asset payment infrastructure across global markets. Summary BitGo Singapore will support dtcpay’s digital asset payment network with regulated infrastructure and custody tools. dtcpay plans to use the partnership to improve security, operations, and global payment network scale. The deal follows dtcpay’s stablecoin shift and BitGo’s wider push into regulated crypto services globally. In a Tuesday announcement, the companies said the deal will let dtcpay use BitGo Singapore’s infrastructure to improve operations, strengthen asset security, and expand its payment network. They did not disclose financial terms. Meanwhile, BitGo Singapore…