Polygon Labs Becomes a Licensed Payments Business in 48 US States
On Wednesday, the Polygon Foundation announced via X that Polygon Labs is now a U.S.-regulated payments business.
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Bitcoin Slides 3.3% as Hot Inflation Data Tests $80K Support
Bitcoin faces a key $80,000 support test after hot US inflation, as Glassnode flags ETF outflows and resistance near $88,000.
Bitcoin Sinks to $81K as $822M in Crypto Positions Get Liquidated
Bitcoin briefly falls below $82,000 as crypto liquidations reach $822 million, ETF withdrawals weigh, and South Korea’s stock market sell-off adds pressure.
Germany Rejects MiCA License for Bitcoin.de, Freezing 1M Users
BaFin has refused bitcoin.de's MiCA license application. Trading on the platform has been largely frozen since June 12th of this year.
FinCEN Drops Plan to Track $10K Self-Custody Crypto Transfers
FinCEN withdraws two proposed crypto reporting rules covering self-custody wallets and mixers, neither of which had taken effect.
Illinois Agrees to Delay Crypto Tax, Pending Judge's Approval
Illinois has agreed to postpone its 0.2% digital asset tax for six months while industry groups challenge the law, subject to a judge’s approval.
Stand With Crypto Names First Endorsements, Targets Ohio
The crypto industry spent $40 million to get Sherrod Brown out in 2024. Now Stand With Crypto endorses his opponent and Fairshake commits $30 million.
Senate Report: 87% of Iran-Linked Terror Wallets Used USDT
Senate Democratic investigators allege widespread USDT use in Iran-linked networks, while Tether says it has helped freeze $550 million in related assets this year.
Coinbase Wins CFTC Approval to Clear Its Own Derivatives
Coinbase Clearing has received CFTC registration to clear fully collateralized derivatives, adding an in-house clearinghouse to Coinbase’s regulated trading infrastructure.
Bitcoin Slips to $83,324 as Iran Tensions Threaten Its 42% Rally
Bitcoin fell below $84,000 as Nasdaq futures weakened and oil rose amid uncertainty over Iran. Traders now await key U.S. economic data.
Appeals Court Lets Ohio and Tennessee Block Kalshi's Sports Bets
The Sixth Circuit ruled that Ohio and Tennessee can enforce sports betting laws against Kalshi, adding to a split among federal appeals courts.
New York Sues Polymarket Over Unlicensed Gambling, Seeks Ban
New York sues Polymarket for allegedly operating unlicensed gambling and seeks to block the prediction market from doing business in the state.