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CFTC sues Kentucky over Kalshi and Polymarket crackdown, breaking the blue-state-only pattern
The Commodity Futures Trading Commission (CFTC) filed a one-count complaint against Kentucky on Tuesday, June 23, to block the state’s enforcement actions against Kalshi and Polymarket. The lawsuit names the Commonwealth of Kentucky, Governor Andy Beshear, Attorney General Russell Coleman, Department of Revenue Commissioner Thomas Miller, and the Kentucky Racing and Gaming Corporation as defendants....Cryptopolitan
Wed, Jun 24
Adrian Boafo wins Maryland Democratic primary with $5.5 million in crypto PAC backing
Adrian Boafo has won the Democratic primary for Maryland’s 5th Congressional District, securing a major victory for the cryptocurrency industry’s political ambitions. The win was encouraged by roughly $5.5 million in spending from Protect Progress, the Democratic arm of crypto super PAC network Fairshake. How much did crypto PACs spend on Boafo? Adrian Boafo has...Cryptopolitan
Wed, Jun 24
DeFi TVL has been on a steady monthly decline since January
DeFi protocols have shed roughly $45 billion in total value locked across all chains since January, amid a record wave of exploits and price crashes. On-chain analysis by CryptoRank showed that DeFi TVL has been falling every single month this year, sliding from about $115 billion to around $70 billion as of late June. Among...Cryptopolitan
Wed, Jun 24
Who's safe now that Claude Mythos broke into classified US systems in hours?
When the Associated Press reported that an unidentified US government official told them that Anthropic’s Claude Mythos found cracks at the highest levels of sensitive US government computer systems in a matter of hours, instead of weeks as expected, it’s time to ask the big question: If the most hardened systems in the world can’t...Cryptopolitan
Wed, Jun 24
Ripple Price Forecast: XRP nears lifeline support as macro risks intensify
Ripple (XRP) continues to face significant selling pressure, sliding below $1.10 at the time of writing on Wednesday. This decline mirrors the broader weakness in the crypto market, exacerbated by mounting macroeconomic headwinds and persistent geopolitical uncertainties.
Fxstreet
Wed, Jun 24
Peter Schiff claims Strategy is collapsing and Bitcoiners are complacent about it
Michael Saylor’s “buy and hold forever” BTC strategy, which seemed highly appealing, has become a concern as MSTR and BTC prices trade at yearly lows. Economist and longtime Bitcoin critic Peter Schiff said many “Bitcoiners are way too complacent” about the reality of the situation at play. Strategy’s stock MSTR dropped to $103 on Tuesday,...Cryptopolitan
Wed, Jun 24
Senate Democrats demand hearings on $500 million UAE stake in Trump crypto venture
Five senior Senate Democrats have called on Republican committee chairs to hold immediate hearings on a reported $500 million investment by UAE-linked entities in World Liberty Financial, the cryptocurrency company tied to President Donald Trump and his family. The letter, dated June 23, was signed by Senators Elizabeth Warren, Richard Blumenthal, Gary Peters, Dick Durbin,...Cryptopolitan
Wed, Jun 24
Crypto Today: Bitcoin, Ethereum, XRP trade under pressure as September Fed rate-hike odds increase
Bitcoin (BTC) is trading between $62,000 and $63,000 at the time of writing on Wednesday, weighed down by headwinds stemming from macroeconomic uncertainty and geopolitical tensions in the Middle East, especially as the United States (US) and Iran continue to offer conflicting accounts of the nuclea
Qualcomm eyes ByteDance deal in bid to rival Nvidia
Qualcomm is reportedly in talks with ByteDance to design customized chips for the TikTok parent company. The negotiations show yet another front in the race by tech companies to design AI chips outside the dominance of Nvidia. Success in these negotiations will add to the success of the relationship that has yielded results before. In...Cryptopolitan
Wed, Jun 24
Digital euro law receives approval as part of package to protect cash
The project to offer Europeans a digital euro advanced in the bloc’s parliament this week with promises that the new form of central bank money will not replace paper cash. The move comes amid concerns in Brussels and Frankfurt over the growing use of privately issued stablecoins tied to the U.S. fiat as Washington prepares...Cryptopolitan
Wed, Jun 24
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