New York Sues Coinbase and Gemini Over Prediction Market Gambling
Attorney General Letitia James wants triple damages, customer restitution, and a ban on under-21 wagering. Coinbase stock fell 6% as the lawsuit landed.
Attorney General Letitia James wants triple damages, customer restitution, and a ban on under-21 wagering. Coinbase stock fell 6% as the lawsuit landed.
Justin Sun put $75M into WLFI and became its biggest early backer. He claims the team secretly added a blacklist function, froze his tokens, and threatened to burn them. The complaint uses the word extortion.
The attacker moved nearly all stolen ETH into Bitcoin in roughly a day and a half, while Arbitrum scrambled to freeze a smaller portion of the funds on its own network.
The FTX estate liquidated a 5% stake in an AI coding startup for the exact price it was bought. This week that same stake would be worth roughly fifteen thousand times more.
A White House adviser said at Bitcoin 2026 Las Vegas that a major Strategic Bitcoin Reserve update is coming in weeks. The Lummis-Begich bill that would lock the reserve into law just got renamed and reintroduced. Polymarket still gives it a 23% chance before 2027.
Polymarket hired Chainalysis on April 30 to build an onchain anomaly detection system, days after a U.S. Green Beret pleaded not guilty to a $400,000 insider bet. A new ACDC report shows military markets win at four times the normal longshot rate.
The CFTC handed Gemini a clearinghouse license on April 30. The stock popped 6%. The more interesting question is why crypto firms have started paying $550 million each just to own one of these things.
After four months of stalemate, the Tillis-Alsobrooks compromise text dropped Thursday night. The Senate has until May 21 to do something with it, or the bill goes back on the shelf until 2030.
HIP-4 went live on mainnet with zero fees to open and a 1 million HYPE staking requirement for builders. Polymarket charges up to 2% on winners. That gap is the entire pitch.
The venture capital giant filed an 18-page letter telling federal regulators to hold the line. On the other side: a coalition of attorneys general from nearly every state in the country.
The co-founder thinks the industry is building quantum-resistant walls out of materials it doesn't fully understand. Solana already picked its algorithm. Most chains haven't started.
The sector added $1.08 billion in a single week. Tether lost $271 million of it. USDS gained $503 million. The pecking order is shifting.
The sector dropped 66% from March's record. But the real story is who grabbed the crown while everyone was looking the other way.
The fund is half the size of its 2022 vehicle. The thesis is completely different. Stablecoins, prediction markets, and AI agents replaced the Web3 dream.
Patrick Witt told Consensus Miami the executive branch can take a 'big step forward' without waiting for Congress. But the last time Treasury was asked about buying BTC, the answer was no.
Three funding rounds in seven months. Annualized volume tripled to $178 billion. Five states are suing it. Coatue, Sequoia, and Morgan Stanley all wrote checks anyway.