A New York federal court has returned prediction-market access to state hands just weeks before the CFTC closes comments on national event-contract rules. In a July 7 opinion and order, Judge Analisa Torres of the Southern District of New York denied KalshiEX LLC’s request for a preliminary injunction to block New York gaming officials from enforcing…
June was not kind to Cardano’s native token, whose price briefly crashed below $0.14, marking the lowest point since 2020. Fortunately for the bulls, the asset started July on the right foot, temporarily recovering to roughly $0.20, and is currently trading at around $0.17, representing a 14% increase over two weeks. It will be interesting…
Robinhood launched the public mainnet of Robinhood Chain this month, describing it as a permissionless Layer 2 built on Arbitrum for tokenized stocks, real-world assets, DeFi lending, and AI-native finance. One week in, the chain’s loudest retail activity is driven by CASHCAT, a memecoin built on Robinhood’s own discarded “CashCat” name. The token reached nearly…
Bitcoin’s market appears to be in the later stages of a bear market, but the signals confirming a broader turnaround have not yet emerged. On-chain data shared by Glassnode shows the asset has recovered from $57,800 to nearly $63,000 over the past week, but it remains below both the True Market Mean of $76,600 and…
Compass Point analysts Michael Donovan and Ed Engel said markets are giving little credit to future AI data center pipelines despite billions of dollars in signed leases.
Crypto scams start online with a fake bank alert, a cloned voice, a romance message, or a tech-support pop-up. Then, the last instruction is usually much more physical: withdraw cash, find a crypto kiosk, scan a QR code, and keep the scammer on the phone until the money is gone. However, that last step is…
In this week’s edition of The Protocol Newsletter, we’re digging into Ethereum Institutional, a new nonprofit aimed at educating financial institutions and banks about Ethereum.
Ripple announced several deals and key partnerships over the past few days, further boosting the buzz surrounding the company. However, the positive news has failed to trigger a major resurgence for XRP, yet certain analysts believe a big breakout could be on the horizon. The Recent Developments On July 4, the USA celebrated its 250th…
EMURGO said it is stepping down from its role in Pentad, the five-member group coordinating Cardano’s infrastructure funding, to focus resources on recovering funds lost in the SecondFi exploit. The attack exploited a flaw in SecondFi’s wallet address-generation system, draining roughly $2.4 million in ADA from 374 wallets. A wallet-layer product failed, and EMURGO, one…
Shiba Inu saw its largest burn in the last six months, which is typically interpreted as a bullish signal. However, SHIB’s price remains heavily suppressed in the bear market, and multiple factors point to further downside in the short term. The Burn and More On July 8, the SHIB team and community scorched almost 110…