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Meta chief executive Mark Zuckerberg approached prediction-market leader Kalshi about a takeover before ordering his own team to build a competing app, according to a new report. How a buy-then-build turned into a contested market NPR reported Monday that Zuckerberg met Kalshi co-founder and CEO Tarek Mansour last year to discuss buying the exchange as … Read more
The cryptocurrency industry has spent $189 million influencing the 2026 U.S. midterm elections, making it the single largest source of corporate political money in the country. Crypto Outspends Its Entire 2024 War Chest The figure already exceeds the roughly $170 million the industry deployed across the entire 2024 election cycle, Public Citizen said. Crypto now … Read more
Draftkings has taken more of its prediction-markets stack in-house, launching DKeX and shifting trading away from third-party infrastructure such as CME Group and Crypto.com, though the company has not publicly framed the move as a formal termination of those relationships. From renting rails to owning the exchange Draftkings launched DKeX on June 26, a proprietary … Read more
Vice President JD Vance reported holding between $250,001 and $500,000 in bitcoin in his 2025 annual financial disclosure, filed alongside President Donald Trump’s far larger crypto holdings. JD Vance’s Bitcoin Bet Grows Five-Fold Since His First Senate Disclosure The filing, an OGE Form 278e, listed “ bitcoin” under Part 6, Other Assets and Income. Vance … Read more
The U.S. and Iran have agreed to stop attacking each other and will meet this week in Qatar to resolve a dispute over the Strait of Hormuz, easing a geopolitical flashpoint that has whipsawed bitcoin and oil prices throughout the year. A Fragile Truce Over a Critical Waterway The United States and Iran have agreed … Read more
House lawmakers spotlighted bitcoin as a challenge to authoritarian governments after Representative William Timmons said cryptocurrency could mark the “beginning of the end” of authoritarian rule. At a House roundtable, participants discussed financial repression, China’s digital-currency ambitions, and U.S. leadership in digital-asset policy. House Roundtable Examines Crypto Access Under Repressive Governments A bullish view of … Read more
China could gain influence over digital-asset standards if Congress fails to pass the CLARITY Act. A strategist has warned that U.S. hesitation could affect financial infrastructure, dollar dominance, and global rulemaking. Digital Asset Rules Take on Geopolitical Stakes in Washington China could gain significant influence over global digital-asset standards if Congress fails to pass the … Read more
The Commodity Futures Trading Commission (CFTC) sued Kentucky in federal court on June 23 to block the state’s crackdown on Kalshi and Polymarket – its ninth such suit since April, and the first against a state with a Republican attorney general. The first red state in the crosshairs The Commodity Futures Trading Commission filed a … Read more
Senate lawmakers could release cryptocurrency tax legislation as early as this fall, Sen. Steve Daines (R-Mont.) said, with the Montana Republican stating that a framework is already in place and broadly aligned with a parallel House effort. A Framework Already in Place Senate lawmakers working on cryptocurrency tax rules may be ready to act “sooner … Read more
Federal agencies must transition high-value and high-impact systems to post-quantum cryptography by 2031 under Trump’s executive order. The directive requires migration leads, procurement updates, and coordination with critical infrastructure to address quantum risks. Agencies Face 2030 and 2031 Deadlines for Sensitive Federal Systems President Donald Trump ordered federal agencies to move high-value assets and high-impact … Read more