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Kava Lend loses roughly $3.8 million to hack, sending KAVA token down nearly 40%
Kava Lend exploited for $3.8M via LayerZero bridge to BNB Chain; 49.2M KAVA tokens extracted and sold.
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Louisiana AG calls CFTC chair an ‘obsequious standard bearer’ for prediction markets following agency lawsuit
CFTC sued Louisiana to block state order banning 31 prediction markets including Kalshi and Polymarket; Louisiana AG opposes agency action.
Meta tests prediction-market app, DOJ moves to seize $1.2 billion from Binance hack, and more
DOJ seeks to seize $1.2 billion linked to Binance hack; Meta tests prediction-market app using points instead of cash.
Meta tests prediction market app using ‘cred’ points instead of cash: WSJ
Meta employees test prediction app 'Takes' using credibility points instead of cash.
MEGA cuts 20% of workforce as former MegaETH Foundation restructures
MEGA (formerly MegaETH Foundation) cuts 20% of workforce following $30M rebrand push into AI inference products.
Also covered by The Defiant
House Oversight Chair calls for possible ban on government officials’ prediction market bets over insider trading concerns
US House Oversight Committee calls for limits or ban on government officials' prediction market participation due to insider trading risks.
Also covered by Decrypt
CFTC’s Selig accuses states of trying to ‘lock up’ prediction market founders
CFTC Chair Selig argues state-level gambling classification disputes shouldn't criminalize prediction market founders.
Hyperliquid leapfrogs Bybit, Kraken and OKX in open interest as Q3 positions grow 80%
Hyperliquid captures 11.7% of derivatives open interest across major centralized exchanges with 80% Q3 growth.
Kraken parent Payward posts 66% drop in Q3 adjusted EBITDA, plans US prediction markets and personal finance AI agent
Kraken parent Payward reports 66% drop in Q3 adjusted EBITDA to $60M, plans U.S. prediction markets and personal finance AI agent.
Also covered by Cointelegraph
Tether-backed Twenty One Capital reports $1.09 billion Q3 net income on bitcoin gains
Tether-backed Twenty One Capital reports $1.09B Q3 net income from Bitcoin gains against $4.8M operating loss.
Ethereum and Layer 1s Explained
Educational overview of Ethereum smart contracts, EVM, gas, Proof of Stake, upgrades and Layer 1 tradeoffs.
From $6 to $6.9 million: Two dormant Bitcoin addresses wake up to move 100 BTC after more than 16 years
Two Bitcoin addresses holding 100 BTC ($6.89M) moved coins after 16+ years of dormancy.
UK, Singapore, and Thailand central banks complete foreign exchange settlement trial linking traditional and tokenized systems
UK, Singapore, and Thailand central banks completed cross-border FX settlement trial linking traditional and tokenized systems via Partior's prototype.
Thailand seeks $148,000 daily cap on certain stablecoin transfers to curb money laundering
Thailand proposes $148,000 daily stablecoin transfer cap and same-person-only wallet rules to combat money laundering.
JPMorgan reports 36% rise in Strategy share holdings and $540 million in BlackRock’s bitcoin ETF
JPMorgan increased BlackRock bitcoin ETF holdings to 11.4M shares and raised Strategy share position by 224,545 units in Q3.
Also covered by Decrypt
DOJ, CFTC sue Arkansas to block state enforcement action against Kalshi
DOJ and CFTC sue Arkansas to block state enforcement against Kalshi prediction market platform over illegal gambling allegations.
Also covered by Unchained
Bitcoin tumbles below $69,000 as Nvidia turmoil adds to Fed-driven market jitters
Bitcoin dropped below $69K; $798M in crypto positions liquidated in 4 hours, including $718.5M in longs, amid Nvidia weakness and Fed concerns.
TRM Labs launches new service to help police seize stolen crypto in minutes
TRM Labs launched law-enforcement service to seize stolen crypto in minutes via Beacon Network (200+ members, 80% trading volume coverage).
White House sends crypto-relevant picks to fill SEC and CFTC seats
White House nominates candidates for SEC and CFTC vacancies; bipartisan slate includes crypto-policy veterans, per Crypto Council for Innovation.
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