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Prediction markets and derivatives drive Bernstein’s crypto stock outlook for Coinbase, Robinhood and Circle

Bernstein cuts Coinbase’s target while raising Circle’s as new products shift their earnings outlook.

India’s CoinDCX Confirms $16 Million Loss Days After CEO Called It a ‘False Alarm’

The Mumbai-based exchange says 15.99 million USDT was drained from wallets it retired after last year’s $44 million hack, bringing its combined losses to nearly $60 milli…

NBA becomes third league to sign CFTC prediction market pact, taps Kalshi and Polymarket

The CFTC and NBA have agreed to put in place standards to protect the integrity of the game when it comes to prediction markets.

South Korea lawmakers mull pushing crypto tax implementation to 2029

The Seoul government is reportedly weighing another delay for a 2020 income tax policy on digital assets, citing concerns with receiving data from US officials.

Tom Lee's Bitmine favors share buybacks to ether purchases as crypto declines

The Ethereum treasury firm spent $46 million buying back shares as Chairman Tom Lee said crypto has held up better than AI stocks during the recent market pullback.

Brazil’s Stock Market Crashes After Lula’s Upset Victory

The iShares Brazil ETF fell as much as 26% after Lula da Silva beat Flávio Bolsonaro, who prediction markets had at 80%, while the dollar jumped as much as 12% against th…

NBA joins pro sports leagues on CFTC prediction markets bandwagon while NFL balks

The U.S. derivatives regulator, which has championed the arrival of prediction market firms such as Kalshi, has been gathering allied sports leagues.

Kalshi strikes deal with S&P Dow Jones Indices to expand financial event contracts

The agreement adds S&P Dow Jones gauges to a growing list of Wall Street firms expanding their involvement in prediction markets.

OCC calls on community banks to enter the stablecoin payments market

The U.S. banking regulator is encouraging smaller lenders to develop stablecoin services as new federal licensing requirements approach.

Tom Lee's Bitmine Keeps Buying Ethereum But Pivots to Record Share Buybacks

The firm added 10,452 ETH to reach 4.95% of supply, but its bigger move was repurchasing 2.04 million of its own shares—part of what it calls the largest equity buyback a…

'Privacy Horror’: Researcher Uncovers Extent of Samsung Smart TV User Tracking

AI-powered reverse engineering could make it "easier and faster" for researchers to uncover and explain how devices collect and share data.

South Korea weighs fourth delay on its crypto gains tax, pushing it to 2029

Officials are concerned users of domestic exchanges would bear the tax burden because the U.S. won’t share crypto trading data until 2029.

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