Kalshi takes legal blow in court ruling confirming state powers over prediction markets
This latest U.S. appeals court ruling sets up a rift between federal courts on event contracts, suggesting the U.S. Supreme Court may need to settle the matter.
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Securitize (SECZ) takes $295M of its own tokenized stock to Solana, Avalanche amid NYSE debut
The opportunity has drawn growing interest across Wall Street. Citi projected that tokenized securities could reach $5.5 trillion by 2030, while Boston Consulting Group and Ripple estimated the market could grow to $18.9 trillion by 2033. “We have long said that public equities are moving… Read More
Microsoft says legacy banks are hitting a breaking point as AI takes over the heavy lifting
Artificial intelligence is pushing financial systems toward a model where machines execute transactions at scale, raising new challenges around control, oversight and infrastructure, said Microsoft and Chainalysis executives. Bill Borden, corporate vice president of worldwide financial services at Microsoft, said Tuesday that legacy systems will… Read More
BTC takes aim at $95,000 for first time since mid-November
Bitcoin BTC$93,797.53 rose to its highest level since mid-November, gaining more than 3% to $94,400 during Monday’s trading session, the largest percentage advance in more than a month. The rally, which brought the asset closer to $95,000 — seen by some analysts as a key… Read More