The US Justice Department and commodities regulator asked a federal court to block Arizona’s action against Kalshi, arguing federally regulated event contracts fall under CFTC jurisdiction.
Zoltan Vardai
Zoltan Vardai is a staff writer at Cointelegraph and a breaking news reporter. He joined the publication in 2024 and covers Bitcoin, institutional cryptocurrency adoption, and Web3 regulatory developments. He also co-hosts Cointelegraph’s Chain Reaction daily X Spaces show. Vardai holds a master’s degree from Ludwig Maximilian University of Munich and previously worked as a crypto journalist at Forkast News, with additional bylines published by Yahoo Finance and the International News Media Association (INMA).
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DOJ and CFTC seek halt to Arizona action against Kalshi - News
Crypto exchanges chase TradFi commodities market as pricing gaps persist Crypto exchanges are seeking market share of TradFi trading venues, but tokenized commodities adoption is limited by pricing and liquidity concerns.
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Gold, silver and oil drive 65,000% jump in commodity perpetuals BitMEX said commodity perpetual swaps volume jumped from $38.1 million to $25 billion in Q1 as traders flocked to 24/7 gold, silver and oil exposure.
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Cango sells 2,000 BTC, cuts Bitcoin production cost by 19% in March Bitcoin miner Cango said it sold 2,000 BTC to pay off debt and cut its BTC production cost by 19% as part of its strategic pivot to energy and AI infrastructure.
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UBS partners with five banks for Swiss franc stablecoin sandbox UBS, PostFinance, Sygnum and others launched a 2026 sandbox to test Swiss franc stablecoin use cases and blockchain payment rails in Switzerland.
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CME Group expands crypto futures with Avalanche and Sui contracts CME Group said it will launch Avalanche and Sui futures contracts pending regulatory approval, as it expands its regulated crypto product offering.
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Ether treasuries need liquid staking edge to beat ETFs, says Lido exec Lido’s institutional lead argues that more crypto treasury companies will need to incorporate liquid staking to outperform the returns generated by staked Ether ETFs.
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New AI cybercrime tool targets crypto, bank KYC systems via deepfakes A darknet threat actor is selling new fraud kit to trick KYC identity verification systems on financial platforms via AI-generated deepfakes and real-time voice altering.
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China's tax authority urges banks to implement blockchain for lending services China’s leading tax and financial authorities are urging banks to incorporate blockchain technology to bolster their credit facilities and data transparency.
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Ethereum L2s need responsive pricing to scale, says Offchain Labs Edward Felten said Ethereum L2s need responsive pricing to scale, as Arbitrum’s new model tests an alternative to EIP-1559-style fee swings.
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Trilitech broadens tokenized commodities push on Tezos with Metals.io Trilitech launched a new platform for trading tokenized uranium and metals that are critical for the development of the artificial intelligence industry.
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Australia fines local Binance unit $6.9M over client onboarding failures An Australian court ordered Binance Australia Derivatives to pay $6.9 million after misclassifying retail clients and exposing them to high-risk crypto products.
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Bitcoin ETFs log biggest outflows in 3 weeks as Iran war fears rise US Bitcoin ETFs saw outflows of $171 million on Thursday as market participants feared another weekend escalation in the US-Israel conflict with Iran.
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Euro stablecoins dominate non-dollar market, Visa-backed report finds Euro stablecoins now make up more than 80% of non-dollar supply, with EURC leading volumes as MiCA and payment-rail integrations support adoption.
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White House clears review of proposal to allow crypto in 401(k) retirement plans A White House review has cleared a Labor Department proposal that could widen the path for crypto-linked exposure in 401(k) retirement plans.
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Circle leads Tazapay extension as total Series B reaches $36M Tazapay said Circle led a Series B extension that brought total funding to $36 million as the company expands cross-border payment rails.
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UK review recommends crypto donation pause over foreign interference risk A UK review led by Philip Rycroft recommended a temporary moratorium on crypto political donations until stronger safeguards and statutory guidance are in place.
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Bhutan offloads another $37M in Bitcoin as sovereign wallet shrinks Bhutan moved 519 Bitcoin from its state-linked wallet, extending a March drawdown that has cut its sovereign stash far below 2024 levels.
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Ripple joins Singapore sandbox to test RLUSD in trade finance Ripple joined the Monetary Authority of Singapore’s BLOOM initiative with Unloq to test RLUSD and XRPL for programmable cross-border trade settlement in Singapore.
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Fira launches fixed-rate DeFi lending market with $450M in deposits Fira debuted its fixed-rate DeFi lending protocol with $450 million in pre-launch deposits, seeking to make long-term decentralized lending rates more predictable.
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NYSE taps Securitize for 24/7 tokenized securities platform Securitize will become NYSE’s first digital transfer agent to mint blockchain-based shares of stocks and develop standards for compliant tokenized stock issuance.
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FSB flags dollar stablecoins as bigger risk for emerging markets in annual report US dollar-denominated stablecoins may expose emerging economies to external macro shocks and financial stability risks, according to the Financial Stability Board.
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ECB says stablecoins, tokenized deposits need central bank money to scale ECB Executive Board member Piero Cipollone said private digital money cannot scale Europe’s tokenized markets on its own, pointing to Pontes and broader legal reform as next steps.
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Senate bill to target sports betting ban on prediction markets: WSJ A bipartisan Senate bill would reportedly ban sports betting and casino-style contracts on prediction markets.
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Stablecoins seen gaining from AI payments despite slow uptake: Bernstein Stablecoins could benefit from the rise of AI-driven payments over time, even as early adoption remains limited and contested, according to a new report.
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Sweden’s H100 eyes Europe’s No. 2 Bitcoin treasury with 3,500 BTC deal H100 signed a letter of intent to acquire two Bitcoin treasury companies and their BTC holdings, which could make it the second-largest Bitcoin treasury company in Europe.
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Stablecoin issuers and fintechs race to own payment rails Leading crypto and fintech companies are competing to capture growing revenue from stablecoin payments by launching their own settlement infrastructure.
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Morgan Stanley files amended S-1 for MSBT Bitcoin ETF The proposed spot Bitcoin ETF outlines seed capital, listing plans and trading partners in its latest filing as it moves closer to a potential market debut.
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Crypto.com cuts 12% of staff as it accelerates AI push Crypto.com CEO Kris Marszalek announced a 12% workforce reduction due to AI integrations, warning that companies “that do not make this pivot immediately will fail.”
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Bitcoin whales shift $100M+ as oil spike rattles markets Ancient Bitcoin holders moved millions to exchanges as Middle East tensions drove oil higher, fueling a broader risk-off shift across crypto and traditional markets.