Odaily’s latest morning brief brings together several developments across crypto regulation, prediction markets, technology companies, blockchain infrastructure and payments. On the policy front, the passage of the CLARITY Act before July 4 has been described as “almost impossible.” In a separate legal development, multiple institutions have jointly sued over Kentucky’s 14.25% prediction market tax, with Kalshi and Polymarket among the participants.
Prediction market disputes and regulatory cases
Polymarket is also facing controversy over an “after-the-fact clarification.” A student’s $35,000 prediction was voided, and the incident involved the wiping out of positions worth $3.8 million. Another court-related item came from Brazil, where the wife of the figure known as the “Bitcoin Pharaoh” was denied release. Her application cited unmet vegan dietary needs, but the request did not succeed.
Technology and policy discussions also appeared in the brief. One analysis said SpaceX’s businesses show a structure of one profitable pole and two loss-making poles, with cumulative losses reaching $41.3 billion. David Sacks also responded to the regulatory debate triggered by Anthropic’s “safety controversy,” saying the central conflict is that vulnerabilities had not been fixed.
Mining difficulty, wallet operations and on-chain holdings
On the Bitcoin network, mining difficulty fell by 10.09%, marking the second-largest single adjustment downward so far in 2026. In wallet infrastructure, MetaMask said its network outage issue had been resolved and that the platform had resumed operations.
The brief also included updates on on-chain positions and crypto payment development. The share of total on-chain holdings controlled by the SIREN controller has fallen to 66%, or about 480 million tokens. Coinbase updated its progress in payment ecosystem development, saying the x402 protocol will soon support direct payments from USDC balances for Coinbase for Agents users.