Author: admin

In brief Sen. Richard Blumenthal sent Cantor Fitzgerald a 13-item request for records on its Tether business arrangement, with responses due Oct. 23. The letter claims Cantor’s 5% Tether stake rose from $600 million to an estimated $10 billion since Trump returned to office, but does not accuse Cantor of breaking a specific law. Blumenthal also asks for the terms of any Tether loan that helped Howard Lutnick transfer his Cantor stake to his children. Sen. Richard Blumenthal is asking Wall Street firm Cantor Fitzgerald to hand over records on its business relationship with Tether, the issuer of USDT, the…

In brief Blockchain.com has applied to the CFTC for two licenses—a designated contract market and a futures commission merchant—to offer event contracts and crypto derivatives to U.S. retail and institutional customers. The move would bring in-house what it now offers abroad through Polymarket and Hyperliquid. It joins a crowded federal-license rush, as the CFTC asserts authority amid state gambling suits and a Supreme Court fight. Blockchain.com is making a bid to join the U.S. prediction-market boom, telling CNBC it has applied to the Commodity Futures Trading Commission for licenses to offer event contracts and cryptocurrency derivatives to American customers.The crypto…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR: Hyperscale Data says Ault Markets is now providing invite-only access to a decentralized exchange running in beta on the Ault Blockchain. The publicly listed company plans to expand the platform with additional assets, including tokenized precious metals. A publicly traded data-center company now has a decentralized exchange running in beta on its own blockchain ecosystem. Hyperscale Data announced Thursday that Ault Markets has opened invite-only access to the DEX operating on the Ault Blockchain. Users can request an invitation through the Ault Markets site while the…

In brief DWF Maas and Falcon Digital, two firms tied to market maker DWF Labs, sued custodian BitGo for $141 million in London’s High Court, alleging it sold locked-up tokens early in breach of a private OTC deal. The firms say BitGo got the tokens at a discount on a pledge not to sell before vesting, then moved them to exchanges early. Both parties have ties to Trump-backed World Liberty Financial. Two companies tied to crypto market maker DWF Labs have taken BitGo to court, alleging the custodian dumped locked-up tokens early and tanked their value, in a $141 million…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR: Binance has launched a P2P merchant referral campaign across around 20 African markets. Referrers and qualifying new merchants can each earn 50 USDT if the new merchant completes the required number of trades and reaches at least 10,000 USDT of volume within 30 days. Binance wants more merchants sitting on the other side of peer-to-peer crypto trades across Africa, and it is paying users to bring them in. The exchange launched a new P2P referral campaign Thursday offering 50 USDT to both the referrer and a…

In brief Bitcoin has dropped 4.1% this week, after U.S. spot BTC ETFs shed $484.9 million Wednesday. The slide comes in October, which is historically a green month for the leading cryptocurrency. Experts warn that Bitcoin could continue to stoop, testing support levels as low as $72,000. Bitcoin has been in the red since October started, a month historically green for the leading cryptocurrency—often referred to as “Uptober.” Experts warn not to treat October as a reliable bottom for Bitcoin, and predict there could be more bleeding ahead.Per CoinGecko data, Bitcoin hit lows of $80,427 in the past week, and is…

A hypothetical strategy of backing the favorite on prediction market Polymarket in every scored 2026 US primary would have lost 4%, even though those candidates won 87% of the time, according to blockchain data provider Bitquery’s scorecard dated Oct. 9. The result separates two questions for election bettors: who is most likely to win, and whether their contract is worth the price.Bitquery found that the candidate with the highest study reference price won 238 of 273 Senate, House and governor primaries. But its hypothetical strategy of putting $1 on each favorite at the study’s reference price lost four cents per…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR: NextBlock has invested $3 million in Soda Labs, funding the company’s entire seed round. Soda is building privacy infrastructure based on garbled circuits and multiparty computation so financial applications can process confidential data while remaining connected to public blockchains. Public blockchains are very good at proving what happened. That is also one of the reasons banks struggle to use them. Soda Labs has raised $3 million to tackle the problem from the opposite direction: keep the public blockchain, but make sensitive computation private. Luxembourg-based venture firm…