About 60% of World Cup bettors on Polymarket are first-time crypto users
Polymarket emerged as an onboarding layer for about 60% of World Cup bettors, who interacted with the blockchain for the…
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SBI to acquire Bitbank in $289M deal creating Japan’s biggest crypto exchange
The Japanese financial conglomerate plans to take full control of Bitbank as it expands an ecosystem spanning crypto trading, stablecoins,…
Story Protocol rebrands to DATA Foundation in AI pivot
Story Protocol is now the DATA Foundation as it aims to provide licensable data to AI firms that have “run…
Why Wall Street values some crypto firms for AI power, not just crypto
Galaxy Digital’s stock surge points to a new trend: Investors are rewarding some crypto firms for AI infrastructure, not just…
Bitcoin drops to $58K on high US PCE inflation as trader sees ‘manipulation’
Bitcoin fell to 21-month lows as stock market volatility accompanied three-year highs in US PCE inflation, leading to $600 million…
South Korean authorities fine Bithumb $136K over sharing user information overseas
The fine comes after an investigation concluded that Bithumb shared information with many overseas exchanges in violation of laws intended…
Kraken, Maple launch onchain warehouse facility for crypto-backed institutional loans
Kraken’s new facility with Maple brings a traditional warehouse financing model onchain, allowing the exchange to expand its institutional crypto…
FTX exec’s wife scheduled for November trial on campaign finance charges
A Manhattan judge ordered that Michelle Bond’s criminal trial start in November after he denied a motion to dismiss the…
Abracadabra takes emergency action as MIM stablecoin depeg worsens
The protocol is raising interest rates across all Cauldrons to encourage debt repayment and reduce supply.
Kalshi seeks funding at $40B valuation, nearly doubling last raise: FT
Kalshi is reportedly in talks to raise new capital at a $40 billion valuation, reflecting growing investor confidence in regulated…