bling

Letitia James has filed a lawsuit against Coinbase and Gemini, accusing them of providing "disguised gambling" services through their prediction market platforms, in violation of New York state law.Regulators believe that such trades based on event outcomes (such as sports and elections) essentially fall under gambling activities, particularly questioning the participation of users aged 18 to 21, while New York law sets the minimum age for sports betting at 21. The prosecution is seeking hefty fines and the recovery of profits, with claims of at least $2.2 billion against Coinbase and at least $1.2 billion against Gemini. The two companies have not officially responded, but Coinbase has indicated that prediction markets are regulated by the Commodity Futures Trading Commission, suggesting that their legality falls under federal jurisdiction.

According to Hong Kong Radio, the Hong Kong government has decided to stop promoting basketball gambling projects. The Secretary for Home Affairs and Youth Affairs, Mak Mei-juan, stated in an interview with this station that the information collected by the authorities shows that the "prediction market" has developed rapidly in recent years, with monthly trading volume increasing from less than $100 million two years ago to over $13 billion last year, of which nearly 40% of the transactions are related to sports. The authorities are concerned that if new gambling projects are promoted at this time, it will lead to greater public concern and even participation in illegal gambling in the "prediction market." Therefore, it is believed that research should be conducted first before deciding on the next steps, and the promotion of new gambling projects should be halted for now.Mak Mei-juan stated that the existing regulated gambling projects have established a more mature monitoring and management system, which can help control risks. However, due to the uncertainty of the "prediction market," as a responsible government, there is a need to conduct research to understand the impact of the "prediction market" and its prevalence in Hong Kong. She also mentioned that the government has always maintained close contact with the Hong Kong Jockey Club, as the club has a rigorous monitoring system to oversee illegal gambling situations, and there are experts specifically targeting the fight against illegal gambling. The government will cooperate with the Jockey Club to obtain professional advice, allowing the authorities to implement measures specifically aimed at illegal gambling.Mak Mei-juan reiterated that the government's consistent policy is not to encourage gambling, and betting on sports projects in the "prediction market" is considered illegal gambling. The authorities will strengthen public education to help citizens understand the harms of gambling and refrain from participating in illegal gambling.

According to official news from Mantle, xStocksFi has officially launched on the Mantle network, supported by BackedFi and Flowdesk.As one of the first projects to achieve on-chain liquidity through stock tokenization, users can trade major global assets around the clock via the Fluxion network, including 10 leading U.S. stocks such as TSLAx, NVDAx, AAPLx, METAx, and more. Mantle leverages institutional-grade infrastructure and exclusive deposit and withdrawal support from Bybit to enhance the distribution efficiency of real-world assets (RWA), while providing extremely low trading fees and a high-speed execution experience.The official statement indicates that the launch of xStocks is just the starting point for ecosystem expansion, with more features such as xChange and xPoints to be introduced in the future.

According to CoinDesk, the U.S. Commodity Futures Trading Commission (CFTC) and the Department of Justice jointly filed a motion in federal court on Tuesday evening, seeking to block Arizona from enforcing state gambling laws against the prediction market operator Kalshi. The two departments argue that the contracts offered by Kalshi, which are linked to real-world events such as sports events and elections, essentially fall under financial derivatives (swaps) and should be governed by the Commodity Exchange Act and federal regulatory framework, rather than state gambling regulations.Arizona had previously filed criminal charges against Kalshi, with a court date set for April 13. Currently, there are conflicting rulings from courts across the country—while the Third Circuit Court of Appeals in New Jersey has leaned towards supporting the federal regulatory stance, other regional courts have taken an open attitude towards the state’s claims.

According to Greekwire, Washington State Attorney General Nick Brown has filed a civil lawsuit against the prediction market platform Kalshi, accusing it of violating state betting and consumer protection laws by offering betting services on events such as sports, elections, and wars. The lawsuit has been submitted to the King County Superior Court, seeking to prohibit Kalshi from operating locally, recover lost funds for residents, and impose civil fines. Kalshi's advertisements have suggested that users could bypass local laws to participate in NFL betting, indicating that they "knowingly violated the law."However, Kalshi responded by stating that it is a compliant trading platform regulated by federal authorities, denying the provision of war-related markets, and expressing confidence in winning the case legally. This is reportedly another regulatory action the company is facing recently, as it is currently involved in over 20 civil lawsuits. Previously, prosecutors in Arizona had filed criminal charges against it, which is considered the first criminal case against a prediction market.

According to Bloomberg, Franklin Templeton announced a partnership with Ondo Finance to launch tokenized ETFs that can be traded directly in cryptocurrency wallets, enabling 24/7 trading and breaking through the limitations of traditional brokerage accounts and trading hours.The product covers asset classes such as U.S. stocks, fixed income, and gold, and will initially be launched in Europe, Asia-Pacific, the Middle East, and Latin America. The launch in the U.S. market still depends on further clarification from regulators regarding on-chain distribution of registered funds.

Bitget officially launched GetClaw, allowing users to start using it directly without local deployment or technical background by fully migrating the operating environment of the agent to the cloud. Previously, the use of AI trading agents typically required users to have certain technical skills or complete cumbersome local configurations. GetClaw completely eliminates this barrier through a cloud-based architecture, further lowering the threshold for using AI trading tools.In terms of functionality, GetClaw supports 24/7 market monitoring, memory of user position preferences, automatic execution of trading signals, and strategy backtesting, enabling the AI agent to continuously optimize trading decisions based on market changes and user strategies. The current early access version has opened some core features, and trading functions will be launched with the official version. By deeply integrating AI automation capabilities with the trading execution system, Bitget further promotes the transition of AI-driven trading tools from technical exploration to practical application scenarios.

The Chief Judge of the U.S. District Court for the Southern District of Ohio, Sarah D. Morrison, ruled that there is no historical evidence indicating that Congress intended for federal law to take precedence over state regulation of sports gambling, and thus denied the preliminary injunction request filed by the prediction market platform Kalshi.Kalshi had previously sued the Ohio Casino Control Commission in an attempt to prevent it from taking enforcement action against the platform's event contracts under state gambling laws. Last year, the regulatory agency accused Kalshi of operating illegal sports gambling in Ohio.Kalshi argued that the event contracts it offers are derivatives regulated under the Commodity Exchange Act and should fall under the jurisdiction of the CFTC, thereby asserting that federal regulation should take precedence over state gambling laws.However, the judge stated that there is no evidence from historical and legislative context to suggest that Congress intended for the law to supersede state sports gambling regulations, noting that when the Dodd-Frank Act amended relevant laws in 2010, sports gambling was still widely restricted in the U.S.Kalshi announced that it would appeal the ruling. The case is seen as an important test of the legal status of prediction markets, and its outcome could affect the future compliance prospects of other prediction platforms in the U.S., including Polymarket.

The digital asset trading platform Gate has launched a no-code AI quantitative workstation, which allows users to generate trading strategies through natural language and deploy them to live trading with one click. Users do not need to write code; they simply describe their trading ideas in natural language, and the system automatically generates executable quantitative strategies. It also conducts backtesting based on real historical market data, supporting one-click deployment to operate in the real market. The platform connects natural language strategy generation, production-level backtesting engine, and real trading execution, forming a complete closed loop of "strategy conception --- data validation --- trading execution," significantly lowering the barriers to quantitative trading.At the same time, Gate has launched Gate for AI, building a unified AI capability interface system that integrates five key capabilities: CEX, DEX, wallets, real-time information, and on-chain data. The AI quantitative workstation further expands application scenarios on this basis, extending AI from data and research to strategy generation and trading execution. With the continuous integration of AI and trading infrastructure, Gate is continuously strengthening AI-driven trading capabilities and advancing the implementation of the Intelligent Web3 strategy.

Larry Fink, CEO of BlackRock, stated that there are numerous intermediaries in the financial services sector. There are lengthy settlement periods and cumbersome processes. If every asset could be digitized, allowing for a seamless transition from cash or stablecoins in digital wallets to stocks or bonds, it would significantly reduce friction costs and transaction costs.Currently, there is $4.1 trillion in global digital wallets. If they want to invest in bonds, stocks, or engage in real estate transactions, they must transfer funds from digital wallets to traditional wallets, which involves various commissions and fees. The idea of tokenizing all assets (including eventual real estate) is to greatly reduce these friction costs, making investments easier and simpler. It will enable a more freely flowing investment process.

According to on-chain analysts, an address (0x5fF...33c37) that had a financial association with 7 siblings six months ago has purchased 2,179.22 ETH on-chain at an average price of $1,852 over the past 8 hours, totaling $4.03 million.7 siblings have accumulated a total of 336,250.9 ETH in their public address, with a total value of $620 million.

Coinbase CEO Brian Armstrong posted on the X platform that enabling more x402 checkout processes is very important so that customer service personnel can work more efficiently.

Canaan, a Bitcoin mining machine manufacturer (NASDAQ: CAN), announced its Q4 2025 financial report, with revenue reaching $196 million, a year-on-year increase of 121%, marking a new quarterly sales high in three years. The growth was primarily driven by large-scale mining machine orders in North America, with Canaan delivering a total of 14.6 EH/s of computing power this quarter.During the quarter, the company's mining business generated $30.4 million in revenue, mining a total of 300 Bitcoins, with an implied price of approximately $101,000 per coin. Additionally, Canaan increased its Bitcoin reserves through its self-operated mining business, holding about 1,750 Bitcoins and 3,951 Ethereum by the end of 2025, with a total value of approximately $165 million. In January 2026, the company mined an additional 83 Bitcoins, bringing the total reserves to 1,778 Bitcoins. Part of the growth came from converting stablecoin earnings from mining machine sales into Bitcoin. Despite the revenue rebound, the company still reported a net loss of $85 million due to fair value losses caused by the decline in cryptocurrency prices.Canaan plans to expand into the energy and computing infrastructure sectors and has launched a 3-megawatt heat recovery pilot project in Canada, utilizing the heat from mining machines for greenhouse heating. Revenue is expected to be between $60 million and $70 million in Q1 2026.

According to a report by the Financial Times cited by Jinshi, despite the sharp drop in silver prices, which nearly erased the remarkable gains from the beginning of this year, retail investors still poured nearly $500 million into the silver market over the past week.Data analysis from Vanda Research shows that as silver prices plummeted, retail investors invested $430 million into the largest silver ETF, SLV, over six trading days ending Thursday, including over $100 million on January 30, when silver prices fell by 27%, marking the largest single-day drop in history.StoneX analyst Rona O'Connell stated, "People are attracted by the allure of silver." She also mentioned that the appeal of silver has been further enhanced by its "massive sell-off," with some investors viewing it as a good opportunity to buy at lower prices.

According to on-chain analyst Ai Yi's monitoring, the whale 7 Siblings has accumulated 17,757.77 ETH at an average price of $1,964.55, worth $34.88 million.This whale has collateralized a total of 423,048.58 ETH through Aave and Maker to borrow $254 million in stablecoins.

According to on-chain analysts, the whale/institution "7 Siblings" has increased its holdings by 6,923.85 ETH, approximately 13.91 million USD, in the past hour as ETH fell below 2,000 USD, with an average cost of 2,009.8 USD. The current ETH holdings have reached 318,508.07 ETH.

According to on-chain analysts, the whale/institution "7Siblings" has purchased 1994.98 ETH on-chain at an average price of $2070.31 in the past hour, worth $4.13 million; while in the past 19 hours, they have accumulated a total of 4813.22 ETH, with a total value of $10.08 million and an average cost of $2094.31.

According to a report by Cointelegraph Research, the total amount of venture capital in the cryptocurrency sector will reach $34 billion in 2025, doubling from $17 billion in 2024. Among them, the tokenization of real-world assets has become the dominant narrative, with financing in this sector exceeding $2.5 billion.The investment logic has undergone a significant shift: institutions prefer projects with sustainable revenue models and clear market fit, leading to a delay in the financing stage, with seed round financing down by 18% and Series B financing up by 90%. The total market value of tokenized RWA has surpassed $38 billion, making it one of the fastest-growing segments in crypto, but there is still significant room for growth compared to the traditional market, which is worth trillions of dollars globally.Meanwhile, the financing enthusiasm for Ethereum Layer 2 and modular infrastructure has sharply declined, with financing in 2025 amounting to only $162 million, a 72% decrease from 2024. The report suggests that this is due to the L2 ecosystem becoming saturated, with investment demand having been fully released.

According to CNN, New York Attorney General Letitia James and several prosecutors, including Manhattan District Attorney Alvin Bragg, recently sent a joint letter to federal senators criticizing the U.S. stablecoin regulation bill, the "GENIUS Act," for serious flaws. They stated that it fails to effectively protect victims of fraud and may provide legal cover for stablecoin issuers to "profit from fraud."In the letter, the prosecutors accused that while the bill establishes bank-like reserve requirements for stablecoins, it lacks a mandatory provision requiring companies to return stolen funds to victims. This omission would "embolden stablecoin issuers and even provide them with legal cover when they actively decide to continue controlling stolen funds instead of returning them to victims."The letter further accused two major issuers of specific behaviors: Tether, while capable of freezing suspicious USDT transactions, only handles cases on an individual basis in cooperation with federal law enforcement; while Circle is accused of being inclined to hold rather than return funds to victims even after agreeing to freeze them, earning interest by investing these underlying assets, which constitutes a "clear" economic incentive to refuse law enforcement requests.

According to Onchain Lens monitoring, the 7 Siblings whale (0x741...31f3, 0x28a...a6b0) recently further purchased 6,820 ETH for 15 million USDT. In the past 2 days, this whale has accumulated a total of 30,959 ETH at an average price of $2,332, with a total value of $72,210,000.