CFTC sues Illinois, Arizona, Connecticut for trying to shutter prediction market sports bets

The U.S. Commodity Futures Trading Commission and Department of Justice filed lawsuit against Illinois, Arizona, Connecticut and various state officials on Thursday over the state’s efforts to shutter prediction market providers. Illinois, alongside numerous other states, sent cease-and-desist letters to some prediction market providers, arguing that the companies were offering sports gambling products that should…

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Here’s why bitcoin’s drop below $68,000 raises the risk of a crash under $60,000

President Donald Trump’s renewed aggressive posturing toward Iran has pushed bitcoin lower by roughly 2% over the past 24 hours to $67,000. While this price action is consistent with routine volatility, beneath the surface, market structure looks fragile. This is mainly due to flows in the Deribit-listed options market, specifically, a build-up of defensive positioning…

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Crypto market structure bill release pushed back as industries view revised stablecoin yield compromise this week

Representatives of the crypto and banking industries are meeting with legislative staffers on Thursday and Friday to review revised compromise language on stablecoin yield provisions in the market structure bill, three people familiar with the plans told CoinDesk. Industry representatives first viewed the compromise language, spearheaded by Senators Angela Alsobrooks (D-Md.) and Thom Tillis (R-N.C.),…

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Paradigm develops prediction markets trading terminal for pro traders: Fortune

Paradigm is building a prediction markets trading terminal aimed at professional traders and market makers, with partner Arjun Balaji leading the effort since late 2025. Venture capital firm Paradigm is developing a prediction markets trading terminal targeted at professional traders and market makers, according to Fortune. Paradigm partner Arjun Balaji is spearheading the project, which…

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SoFi launches Big Business Banking platform on Solana: SoFi

SoFi, a nationally chartered bank with 13.7M members and $50B+ in assets, launched an enterprise banking platform combining fiat and stablecoin services on Solana with 24/7 payment support. SoFi launched Big Business Banking, an enterprise platform on Solana that combines traditional fiat banking with stablecoin services on a single regulated platform. The nationally chartered bank,…

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Wallet in Telegram Rolls Out Perpetual Futures Trading via Lighter

The partnership brings leveraged derivatives to one of crypto’s largest consumer distribution channels, targeting emerging-market users priced out of traditional brokerages. Wallet in Telegram has launched perpetual futures trading through a new integration with Lighter, the Ethereum-based decentralized exchange (DEX), the teams announced Thursday. The feature enables users to open long and short positions on…

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Coinbase’s x402 Payment Protocol Moves to Linux Foundation With Backing From Google, Stripe, and Visa

The open standard for embedding payments into HTTP interactions aims to become the settlement layer for AI agent commerce, with over 20 founding members spanning tech, payments and crypto. The x402 protocol, Coinbase’s open standard for embedding stablecoin payments directly into web interactions, has officially moved to the Linux Foundation as the newly launched x402…

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