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A federal appeals court has allowed Kalshi, an online prediction market, to offer election betting, rejecting a government watchdog's bid to block the ruling. While concerns remain about the impact on election integrity, the court found that the Commodity Futures Trading Commission hadn't shown that allowing these bets would cause irreparable harm.
Franklin Templeton has launched its OnChain U.S. government securities fund (FOBXX) on the Aptos blockchain to better integrate TradFi and DeFi. The fund, represented by the BENJI token, provides institutional investors access to U.S. government securities via the Aptos blockchain.
The SEC is appealing a court ruling in the Ripple case, arguing that the decision contradicts long-standing Supreme Court precedents and securities laws. Ripple CEO Brad Garlinghouse responded that the crypto industry has already won on key issues despite the SEC's continued legal challenge.
Kamino Finance's v2 release introduces modular lending markets, offering customizable loan parameters and risk profiles. The new system allows for tailored lending pools with unique settings for different assets, enabling users to deposit to markets that align with their risk preferences and financial needs. Key features include cross and isolated borrowing modes, multi-asset markets, and lending vaults. These are expected to improve capital efficiency and increase the loan-to-deposit ratio from 36% to traditional banking levels.
Musubi by Kinto enables non-custodial swaps across Ethereum without the need for bridges, simplifying asset swaps and uniting liquidity. With features like reduced slippage, lower gas fees, and enterprise-grade security, Musubi abstracts complex processes and offers a smooth, chainless experience while keeping assets insured in the Kinto wallet.
A CoinDesk investigation reveals how North Korean IT workers using fake identities have infiltrated over a dozen blockchain projects, including high-profile names like SushiSwap and Cosmos. These hires not only pose serious cybersecurity risks but also expose companies to legal trouble, as North Korea funnels profits to support its weapons program.
This thread explores the need for more creative consumer crypto applications that bridge crypto and culture, offering real utility beyond speculation and quick profits. It suggests focusing on long-term innovation across areas like news, social media, sports, music, and health, highlighting the potential for decentralized apps to disrupt these industries and bring in a billion users by solving real-world problems.
Uniswap, a leading decentralized exchange, generated $53 million in fee revenue between April and September, following a swap fee increase to 0.25% for most trading pairs. Despite the revenue boost, the move sparked criticism and coincided with legal scrutiny from the SEC, with Uniswap potentially using the additional earnings to address regulatory challenges.
A week ago, it was revealed that 40% of all staked $EIGEN tokens were held by 13 investor addresses, arguably misleading the public about the token's true float and impacting investment decisions.
Bitwise has applied to the U.S. SEC to launch the first XRP spot ETF.
Gurbir S. Grewal, the SEC's Enforcement Director, is resigning after a three-year tenure where he sued ~100 crypto firms and helped secure over $20B in fines and disgorgements.
Grayscale has listed twenty digital assets with high potential for the end of the year.