Coinbase submitted a formal letter to the CFTC arguing that prediction markets fall under current derivatives regulations and do not require additional legislation. Chief Policy Officer Faryar Shirzad compared event contracts to traditional futures and urged a principles-based approach.
Brazil is moving to place institutional crypto infrastructure providers under central bank supervision by 2027, while tightening tax and reporting rules for stablecoin cross-border transfers.
Japan's leading mobile payment firm PayPay, backed by SoftBank and holding a 40% stake in Binance Japan, aims to raise up to $1.1 billion in a Nasdaq IPO. The listing was postponed due to Iran tensions.
The Ethereum Foundation sold 10,000 ETH to Bitmine at an average price of $2,292.15, raising about $23 million. Recent OTC sales to the same buyer now total 25,000 ETH.
Cango reported unaudited 2025 results with $688.1 million in annual revenue, driven mainly by bitcoin mining. The company mined 6,594.6 BTC during the year, while fourth-quarter adjusted EBITDA fell to a $156.3 million loss.
Bitcoin falls 1.1% to $70,867 while Ethereum slips to $2,190. XRP and BNB edge higher. Altcoins surge: RAVE +187%, INX +115%, TRADOOR +97% as capital rotates from majors to small caps.
Zetachain hinted at a June 22 event exclusive to ZETA holders. The community speculates on a Binance listing, major partnership, or airdrop. But the token slid nearly 5% amid broader market jitters.
Dutch gambling authority Ksa ordered Polymarket to cease operations immediately, imposing a weekly penalty of €420,000 for unlicensed political betting. The platform faces global regulatory heat.
