Kalshi Loses 6th Circuit Appeal on State Gambling Jurisdiction
Summary: The 6th US Circuit Court of Appeals unanimously ruled that Ohio and Tennessee can regulate Kalshi's sports-event contracts under state gambling laws.
CoinQi ·
Compliance
Fed Seeks Comment on Stablecoin Reserve and Bank Issuance Rules
Summary: The US Federal Board requested public comment on two proposals establishing regulatory frameworks for supervised payment stablecoin issuers under the GENIUS Act.
CoinQi ·
CFTC Sues Cash FX Over $950M Crypto-Linked Forex Ponzi Scheme
Summary: The CFTC filed a lawsuit against Cash FX Group and three individuals, alleging they operated a $950 million multilevel marketing Ponzi scheme involving cryptocurrency.
CoinQi ·
6th Circuit Rules States Can Regulate Kalshi’s Sports Prediction Markets
Summary: The 6th U.S. Circuit Court of Appeals unanimously ruled that Ohio and Tennessee can apply state gambling laws to Kalshi's sports-related event contracts.
CoinQi ·
DOJ Seeks $84.2M From Capstone, Tether's Unlicensed Payment Processor
Summary: US prosecutors filed a civil forfeiture complaint targeting $84.2 million held by Capstone Ltd., an unlicensed payments firm that processed transfers for stablecoin issuer Tether.
CoinQi ·
Ex-CFTC Commissioner Mersinger to Exit Blockchain Association CEO Role
Summary: Summer Mersinger will leave her position as CEO of the Blockchain Association on October 16, following the failure of a key digital asset market structure bill in the Senate.
CoinQi ·
OG.com seeks CFTC approval for single-stock perpetual futures
Summary: OG.com Markets filed with the CFTC to offer cash-settled, non-expiring perpetual futures on individual stocks, joining Coinbase and Kalshi in seeking regulatory clearance.
CoinQi ·
Bitget Confirms $387.5M Hack; North Korea Suspected in Major Crypto Breach
Summary: Bitget confirmed a $387.5 million security breach involving spoofed transaction data, with CEO Gracy Chen citing IP and on-chain patterns linked to North Korean hackers.
CoinQi ·
Morgan Stanley Joins NEXTPredict as Strategic Partner for Institutional Panel
Summary: Morgan Stanley will lead a panel on institutional capital at the upcoming NEXTPredict summit in New York, marking the first formal bank partnership for the event.
CoinQi ·
BlackRock Licenses Strategies to Ondo for Tokenized Portfolios
Summary: BlackRock licensed three portfolio strategies to Ondo, enabling tokenized funds that rebalance automatically and trade peer-to-peer outside the US.
CoinQi ·
KelpDAO Developer Sues LayerZero Over $292M Bridge Exploit
Summary: Evercrest Technologies filed a civil claim against LayerZero and its co-founder in British Columbia, alleging negligence and defamation following the April exploit that drained $292 million from KelpDAO.
CoinQi ·
KelpDAO sues LayerZero and CEO over $292M rsETH bridge exploit
Summary: KelpDAO filed a lawsuit against LayerZero and its CEO, alleging security infrastructure failures contributed to the April rsETH bridge exploit that resulted in approximately $292 million in losses.
CoinQi ·
Samourai Wallet Co-Founder Faces New Prison Transfer After Program Closure
Summary: Keonne Rodriguez, serving a five-year sentence for unlicensed money transmission, faces relocation after the drug treatment program at FCI McKean was deactivated.
CoinQi ·
Asia Leads Crypto Adoption; Bitget Suffers $351M Hack
Summary: Nine Asia-Pacific nations rank in the top 20 of Chainalysis’s 2026 Global Crypto Adoption Index, while exchange Bitget confirms a $351.6 million security breach.
CoinQi ·
Fed Proposes Stablecoin Rules on Reserves and Capital
Summary: The Federal Reserve proposed rules requiring Board-supervised stablecoin issuers to fully back tokens with permissible assets like short-term Treasury bills.
CoinQi ·
CFTC Updates Guidance on Tokenized Assets and Blockchain Recordkeeping
Summary: The CFTC updated its FAQ guidance to allow tokenized asset investments and blockchain recordkeeping, following a failed Senate vote on the CLARITY Act.
CoinQi ·
Bitget confirms $351.6M hot wallet breach, suspends withdrawals
Summary: Crypto exchange Bitget suspended withdrawals after detecting unauthorized transfers of approximately $351.6 million from its hot wallets.
CoinQi ·
New York Sues Polymarket for Unlicensed Gambling
Summary: New York Attorney General Letitia James and Governor Kathy Hochul filed a lawsuit against Polymarket, alleging the crypto prediction platform operates as an unlicensed gambling business.
CoinQi ·
New York Sues Polymarket, Seeks Ban and Triple Damages for Illegal Gambling
Summary: New York officials sued Polymarket for operating an unlicensed gambling business, seeking a ban, restitution, and fines triple its earnings.
CoinQi ·
New York Sues Polymarket Over Alleged Illegal Gambling
Summary: New York Attorney General Letitia James filed a lawsuit against Polymarket, alleging its sporting event contracts violate state gambling laws.
CoinQi ·