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Before yesterdayThe Block

Michigan court orders Kalshi to keep blocking sports prediction markets

3 September 2026 at 07:30
The injunction converts a temporary restraining order issued in June, and violations would result in a fine of $500,000 per day.

Kalshi and Polymarket’s combined volume falls 15% in August, first monthly decline in a year

2 September 2026 at 07:28
Kalshi recorded $37.17 billion in volume in August, while Polymarket and its US platform saw a combined $8.16 billion.

DeFi Development Corp proposes $20 million preferred stock offering to buy more SOL

1 September 2026 at 06:46
The Nasdaq-listed company intends to use the proceeds to acquire more Solana and crypto-related investments.

Russia’s largest bank forecasts $46 billion in first-year crypto exchange trading under new rules: report

31 August 2026 at 11:15
Sberbank's forecast comes as the country's new crypto regulations are set to take effect on Sept. 1, 2026.

Connecticut sues Kalshi over sports event contracts in months-long legal feud

27 August 2026 at 09:11
Kalshi Head of Litigation Jovy Dedaj calls the move 'arbitrary and inconsistent enforcement,' as other platforms continue to operate there.

Tornado Cash developer Roman Storm’s retrial pushed back to April 2027

26 August 2026 at 11:00
A jury convicted Storm on a count of money transmitting last year, but did not reach a verdict on other charges.

RockawayX acquires Relayer Capital to expand crypto offerings in US

26 August 2026 at 06:35
Relayer will become the RockawayX Liquid Opportunities Fund, identifying 'undervalued liquid tokens and crypto-related equities.'

Franklin Templeton partners with HashKey to offer tokenized money market fund in Asia

25 August 2026 at 09:39
HashKey said it has launched the Franklin OnChain US Government Liquidity Fund on the platform's Earn channel.

Blockchain Association backs Treasury’s proposed GENIUS Act rules for stablecoin issuers

25 August 2026 at 08:24
It backs limiting client ID requirements to direct issuer-customer transactions in the primary market, while calling for clearer definitions.

Anchorage CEO says AI agents need bank accounts for β€˜The Jetsons’-like future

21 August 2026 at 10:11
The firm has built an agentic banking platform with a 'know-your-agent' setup to facilitate AI-driven transactions.

GSR’s Baehr says tokenized fixed income could play key role in institutional collateral

20 August 2026 at 13:08
The idea of mass tokenization of equities is "exciting," said Andy Baehr, managing director of asset management at GSR.

Kalshi files to launch perpetual futures tied to US stock index, copper

19 August 2026 at 06:22
Kalshi has filed with the Commodity Futures Trading Commission to offer perps tied to the MerQube US Large Cap Index and copper.

Blockchain Association backs SEC’s proposal to scrap outdated NMS rules, citing tokenization benefits

18 August 2026 at 12:35
The rules, established in 2005, have "failed to achieve their stated purposes," the Blockchain Association said.

Ripple partners with South Korea’s Jeonbuk Bank for cross-border payments

18 August 2026 at 09:17
The Jeonbuk Bank collaboration marked Ripple's third Korean partnership this year, following those with Kyobo Life Insurance and Kbank.Β 

Blockchain Association backs SEC’s proposal to scrap outdated NMS rules, citing tokenization benefits

18 August 2026 at 12:35
The rules, established in 2005, have "failed to achieve their stated purposes," the Blockchain Association said.

Ripple partners with South Korea’s Jeonbuk Bank for cross-border payments

18 August 2026 at 09:17
The Jeonbuk Bank collaboration marked Ripple's third Korean partnership this year, following those with Kyobo Life Insurance and Kbank.Β 

Blockchain Association backs Custodia’s Supreme Court bid over Fed master account access

13 August 2026 at 09:07
The industry group said the case is about ensuring 'lawful digital asset businesses can compete on equal footing.'

FlightAware drops lawsuit against Kalshi one day after filing

12 August 2026 at 10:50
The flight tracker previously claimed that Kalshi improperly used its data and trademark to run prediction markets on flight cancellations.

Bitwise cuts 14% of staff as crypto layoffs mount during market downturn

12 August 2026 at 08:52
Bitwise CEO Hunter Horsley told The Block that the crypto asset manager trimmed its global team to around 155 last week.

FlightAware sues Kalshi over alleged unauthorized data use for flight cancellation markets

11 August 2026 at 10:06
FlightAware is also seeking a temporary restraining order to bar Kalshi from activities involving the flight-tracking site.

β€˜Applesauce’: Michigan judge denies Coinbase bid to block state enforcement of sports event contracts

7 August 2026 at 12:06

"Coinbase's averments are, in a word, applesauce," U.S. District Judge Shalina Kumar wrote in Thursday's ruling.

Senate delays Clarity Act vote until after August recess, Thune confirms

7 August 2026 at 05:55

Senate Majority Leader John Thune confirmed with The Block, saying: 'We're getting that queued up first thing when we come back.'

EU watchdogs warn scammers are posing as crypto firms and regulators after MiCA deadline: FT

6 August 2026 at 12:08

Crypto firms failing to secure MiCA authorization by July 1 must wind down or restrict services to EU clients.Β 

Putin signs landmark crypto law allowing regulated retail trading in Russia

6 August 2026 at 05:11

The law continues to ban the use of crypto to pay for goods and services within Russia, while allowing use for cross-border settlements.

Cipher slides 16% on wider Q2 losses as Bernstein sees upside from Texas power audit

5 August 2026 at 12:50

The bitcoin miner-turned-HPC developer posted a net loss of $267.5 million in Q2, more than five times the loss it registered a year ago.

Crypto PAC Fairshake scores primary wins in Michigan and Washington

5 August 2026 at 09:29

Fairshake backed Michigan's Bill Huizenga and Washington's Suzan DelBene, Kim Schrier, Marilyn Strickland and Amanda McKinney.

Mastercard completes BVNK acquisition to expand stablecoin payments infrastructure

4 August 2026 at 06:34

Mastercard said it will leverage BVNK's expertise to help enterprises scale use cases involving stablecoins and tokenized assets.

Ripple invests in ZILO and Licuido to deepen tokenized capital markets push

3 August 2026 at 12:38

Ripple said the deals are set to bring regulated transfer agency, issuance, and collateral mobility to its infrastructure on the XRP Ledger.

Hong Kong police flag $3.3 million romance scam involving fake crypto app

3 August 2026 at 06:42

Hong Kong police reported that an insurance agent lost more than $3.3 million after being lured into a fake crypto investment scheme.

New York sues Kalshi over illegal gambling claims, seeks $36 billion in damages

31 July 2026 at 10:34

New York State is seeking at least $36 billion in compensatory damages from Kalshi, pending a full accounting.

Ostium blames off-chain breach for $24 million exploit, rules out smart contract flaw

30 July 2026 at 09:25

The team said trader collateral was unaffected and that it will release a recovery plan for liquidity providers.

Coalition of 44 state attorneys general says CFTC lacks authority over sports prediction markets

29 July 2026 at 11:21

The group of AGs sent a letter to the CFTC, urging the agency to draft new rules consistent with the Commodity Exchange Act.

Ark Invest buys $12 million in SpaceX as it trims Block, Bullish and Robinhood holdings

29 July 2026 at 10:28

The firm sold $2.3 million worth of Block Inc. shares, $1.6 million worth of Bullish, and $4 million worth of Robinhood.

Judge blocks Minnesota from enforcing prediction market ban in win for Kalshi, Polymarket

28 July 2026 at 10:22

A federal judge issued a preliminary injunction on Monday, blocking Minnesota from enforcing its new law banning prediction markets.

South Korea’s KB Kookmin Bank to launch cross-border payment service on JPMorgan’s Kinexys: report

27 July 2026 at 09:38

The largest bank in South Korea plans to launch a blockchain-based cross-border corporate payments service next month, according to Yonhap.

Circle partners with Kakao, Toss Bank to explore stablecoin payment rails in South Korea

23 July 2026 at 12:09

Circle plans to explore blockchain-based payment infrastructure in South Korea through partnerships with Kakao and Toss.

South Korea’s Mirae Asset completes acquisition of Korbit crypto exchange

23 July 2026 at 08:01

Mirae Asset also plans to increase its stake from 92.06% to 97.15% through an additional deal later this week, local media reported.

Arbitrum protocol AFX Trade hit by $24 million bridge exploit: Blockaid

23 July 2026 at 04:39

PeckShield flagged that the attacker bridged the stolen funds from Arbitrum to Ethereum and swapped them for 12,467 ETH.

BIS warns USD stablecoins can evade capital controls, challenging traditional market regulations

22 July 2026 at 10:47

BIS says that FX restrictions and capital controls are less effective against stablecoins than against foreign currency bank deposits.

HTX keeps rotating wallets to evade UK sanctions screening: TRM Labs

22 July 2026 at 07:23

UK authorities sanctioned the crypto exchange in May for its alleged role in facilitating Russian sanctions evasion.

CoinShares launches UCITS platform targeting Europe’s institutional investors

21 July 2026 at 11:57

CoinShares is expanding into Europe's $30 trillion UCITS ecosystem with the launch of a new platform and a Bitcoin Mining ETF.

Washington judge blocks Kalshi’s sports prediction markets over state gambling laws

21 July 2026 at 08:09

A Washington state court granted the state's motion for a preliminary injunction, saying Kalshi operates illegal gambling activities.

Allbridge Core pauses protocol after $1.65 million flash loan exploit: onchain analysts

20 July 2026 at 06:33

Security firms PeckShield and CertiK flagged that the attacker has bridged the stolen funds from Solana to Ethereum.

Taiwan sentences BitShine crypto exchange ringleader to 22 years in $39 million fraud case: reports

17 July 2026 at 11:48

The defendant reportedly led a criminal group that operated under the guise of BitShine, which was once registered with the FSC.

UK gang jailed over $5.4 million crypto scam posing as police

17 July 2026 at 11:28

The gang impersonated police officers and used convincing fake police websites to steal more than Β£4M in cryptocurrency from eight victims.

Bitcoin whale moves $383 million in BTC after 8 years of dormancy: onchain data

16 July 2026 at 09:54

A bitcoin OG wallet transferred 5,908 BTC to a new address on Wednesday, according to Lookonchain, citing Arkham data.

California pair charged with laundering crypto proceeds from darknet fentanyl sales

16 July 2026 at 05:23

The pair allegedly shipped over 500 drug parcels over a seven-month period and laundered hundreds of thousands of dollars through crypto.

TeraWulf falls 7% after New York orders one-year pause on new data center permits

15 July 2026 at 08:10

TeraWulf said that its data centers in New York remain operational and that its ongoing development plans are unaffected.

Japan’s SBI Group to launch JPYSC stablecoin lending service this month

13 July 2026 at 10:22

The SBI's service would offer users a 3% annual yield for deposited JPYSC stablecoins, according to Nikkei.

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