Author: CryptoDispatchDaily.com
The US Commodity Futures Trading Commission (CFTC) has moved to defend its authority over prediction markets, filing a friend-of-the-court brief as state-level legal challenges against the sector intensify. Summary The U.S. Commodity Futures Trading Commission filed a friend-of-the-court brief to defend its exclusive jurisdiction over prediction markets amid rising state-level legal challenges. Chairman Mike Selig said the agency has regulated prediction markets for over two decades and warned challengers: “We will see you in court.” The move comes as the U.S. Securities and Exchange Commission signals some event-based contracts may qualify as securities, while states like Nevada attempt to restrict…
Mizuho Securities is betting that Bitgo’s institutional-grade custody model will outweigh its bruising 50% post-IPO decline, initiating coverage with an Outperform rating and a $17 price target. ‘Military-Grade’ — Mizuho Backs Bitgo’s Infrastructure Play Despite Stock Slump In a Feb. 17 note, Mizuho analysts Dan Dolev and Alexander Jenkins launched coverage of Bitgo Holdings Inc. […] Source link
WLFI rallied 20% as traders positioned ahead of the World Liberty Forum and large on-chain withdrawals drew attention. Summary World Liberty Financial price surged 20% and approached the top of its weekly range. Trading volume more than doubled while derivatives positioning declined. Price must clear the $0.12–$0.14 zone to shift short-term structure bullish. World Liberty Financial (WLFI) was trading at $0.1178 at the time of writing, up about 20% in the past day. The token is currently close to the peak of its seven-day range, which spans from $0.09947 to $0.1183. Even with the rally, WLFI is still down 27%…
Bitcoin-focused public company Nakamoto Inc., led by chairman and CEO David Bailey, has signed definitive agreements to acquire BTC Inc. and UTXO Management GP, LLC in an all-stock transaction valued at approximately $107.3 million. Summary Nakamoto Inc., led by David Bailey, will acquire BTC Inc. and UTXO Management GP, LLC in a $107.3 million all-stock deal. The transaction consolidates Bitcoin media, events, and asset management businesses under one publicly listed entity. Nakamoto aims to build a vertically integrated Bitcoin platform spanning publishing, conferences, advisory, and investment strategy. The deal brings together companies closely tied to Bailey, who co-founded BTC Inc.…
The Hyper Foundation has invested 1 million of its HYPE tokens into the creation of the Hyperliquid Policy Center. The center will focus on making sure that issues in the decentralized finance sector do not go unaddressed in the current crypto policy environment. The Hyperliquid policy center will be an independent nonprofit focused on advocating for updated decentralized finance policies that match current realities. The Hyper Foundation commits almost $30 million to DeFi policy push The Hyper Foundation has announced that it has committed 1 million HYPE tokens to fund the creation of the Hyperliquid Policy Center (HPC). Based on…
Abu Dhabi-linked sovereign investors held more than $1 billion in U.S. spot Bitcoin ETF exposure at the end of 2025, a milestone that comes as the broader market faces renewed outflows this week. Summary Abu Dhabi-linked sovereign investors held over $1.04 billion in U.S. spot Bitcoin ETFs at the end of 2025, according to SEC filings. Mubadala Investment Company and Al Warda Investments disclosed a combined 20.9 million shares in BlackRock’s Bitcoin ETF. The milestone comes as Bitcoin ETFs recorded $104.87 million in daily net outflows, signaling short-term selling pressure despite long-term institutional positioning. The disclosure adds to a broader…
The Nevada Gaming Control Board has filed a civil enforcement action against KalshiEX LLC, accusing the federally regulated prediction market of offering unlicensed wagering in the state. Summary The Nevada Gaming Control Board has filed a civil enforcement action against Kalshi, alleging its sports-linked event contracts amount to unlicensed gambling under state law. Kalshi is seeking to move the case to federal court, arguing it operates under the exclusive jurisdiction of the U.S. Commodity Futures Trading Commission. The lawsuit adds to a growing national battle between state gaming regulators and federally regulated prediction markets, with multiple states taking similar action.…
Bitcoin price is stabilizing after a sharp correction, but on-chain data suggests the real story may lie beneath the surface. Summary Bitcoin consolidates near $68,000 after falling from the mid-$90,000s to $60,000, with the 50-day SMA around $83,000 acting as key resistance. Arkham data shows heavy supply concentration, with Satoshi, major exchanges, BlackRock’s ETF, Strategy, and the U.S. government controlling a significant share of total BTC. Whale inactivity and potential exchange outflows could tighten supply, meaning renewed institutional demand may trigger a sharper upside move. As Bitcoin (BTC) consolidates near the $68,000 level, Arkham Intelligence’s latest ownership data reveals who…
XRP price grinds higher as XRP Ledger stablecoin velocity hits a 1-year peak, signaling rising real payment activity behind the price action. Summary XRP price trades near $1.48 with flat intraday moves but firming market cap and liquidity. Stablecoin stock on XRPL is around $425M, with transfers near $1.2B over 30 days, lifting velocity. Rising throughput, fee burn, and collateral demand improve XRP’s medium-term price setup despite wider market stress. XRP price and market snapshot As of Feb. 18, XRP (XRP) is trading around $1.48, with 24‑hour moves roughly flat to slightly positive (about +0.1% to +0.7% depending on venue).…
Bitcoin traded flat near $66,000 on Feb. 18, showing little momentum despite sharp intraday swings. The day’s debate centered on comments from Cryptoquant’s CEO, Ki Young Ju, who questioned whether dormant coins — including Satoshi Nakamoto’s 1.1 million bitcoins — should ever be frozen at the protocol level. Bitcoin Stagnates in Narrow Range Bitcoin exhibited […] Source link