New York sues Kalshi, seeks $36B in penalties over prediction markets
New York has sued Kalshi, seeking to block its prediction markets and recover at least $36 billion in penalties and restitution over alleged violations of the state’s gambling laws. According to the New York Attorney General’s Office, Attorney General Letitia…...
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Quantum Solutions, Hyperscale Data tap crypto treasuries to fund AI data centers
The firm’s board raised the sale cap to 4,375 ETH through Oct. 30, nearly 66% of June holdings, although 3,050 of its remaining ETH is pledged....
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AFX schedules Aug. 3 goodwill plan following $24.15M bridge hack
AFX has announced that it has prepared a goodwill plan for users affected by last week’s $24.15 million bridge exploit, with the recovery proposal scheduled for release on Aug. 3. According to an announcement shared by AFX, the decentralized derivatives…...
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Shohei Ohtani sidelined by knee soreness as Dodgers prioritize health for postseason
Ohtani’s knee issues highlight the Dodgers’ strategic focus on long-term player health, potentially impacting MVP race dynamics and team success. The post Shohei Ohtani sidelined by knee soreness as Dodgers prioritize health for postseason appeared first on Crypto Briefing....
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Bitcoin ETFs pull in $233M as BlackRock leads
Bitcoin ETFs drew $233.1 million on July 30 as BlackRock’s IBIT led the rebound, turning weekly and monthly flows positive. ...
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What is a crypto airdrop? Free tokens, eligibility, and tax traps
On November 29, 2024, a perpetual futures exchange called Hyperliquid distributed 31% of its total token supply to users who had traded on the platform. There was no venture capital allocation to dilute the drop. There was no points program…...
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What is yield farming? Liquidity mining and APY risks explained
In the summer of 2020, a governance token called COMP turned decentralized finance inside out. Compound, a lending protocol on Ethereum, began distributing COMP tokens to anyone who lent or borrowed on the platform, and within weeks, hundreds of millions…...
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What is a DAO? Decentralized governance explained
In April 2024, a single on-chain vote moved $165 million from Uniswap’s treasury into a two-year grants program. No CEO signed off. No board convened. A collection of token holders, pseudonymous and scattered across every time zone, debated the proposal…...
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What is proof of stake? How validators replaced miners
Every twelve seconds, the Ethereum network asks a question that would have seemed absurd before 2022: who gets to write the next page of a $400 billion ledger, and how do you stop them from lying? The answer, for Ethereum…...
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Bitcoin’s calm is back and so is the setup for a volatility explosion
Bitcoin’s daily price swings have tightened to their narrowest since January, making clean trades harder to find. Here’s what could happen next....
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