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According to Cointelegraph, Utah's HB243 bill has been submitted to the governor for signature, defining "proposition betting" as gambling, aimed at banning prediction market platforms like Kalshi and Polymarket from operating in the state. Governor Spencer Cox stated he would sign the bill.Kalshi subsequently filed a lawsuit against Utah and Iowa, claiming that its event contracts are federally regulated derivatives, and that states have no authority to prohibit them. In response, CFTC Chairman Michael Selig emphasized that the CFTC has exclusive regulatory authority over prediction markets, stating, "Whoever challenges, see you in court."

Binance officially stated that the federal courts in the Southern District of New York and the Northern District of Alabama dismissed lawsuits filed by hundreds of plaintiffs against Binance and its founder Changpeng Zhao related to anti-terrorism last week, reiterating the legal standards required for such serious allegations.Binance forwarded a public response from the Democratic side of the U.S. House Foreign Affairs Committee, which previously mentioned that Binance admitted to violating Iran sanctions and was involved in money laundering allegations in 2023, as well as that Trump had pardoned Changpeng Zhao. In the statement, Binance emphasized its commitment to complying with sanction laws and looks forward to cooperating with both parties.

According to Binance's official blog, Binance officially filed a lawsuit against The Wall Street Journal on March 11, due to a report published by the media on February 23, 2026, regarding sanctions on Iran.Binance claims that the relevant content contains false and defamatory statements, which have led government officials to initiate baseless investigations against it. Binance's global litigation head, Dugan Bliss, stated that the lawsuit aims to hold The Wall Street Journal accountable for prioritizing traffic over journalistic integrity.

According to the U.S. Attorney's Office for the District of Massachusetts, the office has filed a civil forfeiture lawsuit seeking to recover approximately 3.444 million USDT (worth about 3.444 million USD), which are suspected to be proceeds from an online investment fraud and money laundering scheme.The case involves at least four victims, including two residents of Massachusetts, one resident of Utah, and one resident of South Carolina. The scammers established contact with the victims through seemingly misdirected messages sent via SMS or encrypted communication apps like WhatsApp and Telegram, and then lured the victims into investing in a so-called Ethereum investment opportunity backed by physical gold. Victims were instructed to purchase ETH and transfer it to an intermediary wallet controlled by the scammers, who then converted the ETH into USDT and transferred it to an unmanaged wallet to steal the funds.

Investment bank TD Cowen stated that the U.S. Congress may be close to passing legislation to permanently prohibit the Federal Reserve from issuing a Central Bank Digital Currency (CBDC). This move could benefit stablecoin issuers but may also introduce new complexities for cryptocurrency market structure legislation.Last week, U.S. Senator Ted Cruz proposed an amendment in the housing bill "21st Century ROAD to Housing Act," calling for a permanent ban on the Federal Reserve issuing CBDC. The amendment aims to convert the currently effective temporary ban, which lasts until 2030, into a permanent provision. The housing bill is expected to be submitted for a Senate vote as early as this week.Jaret Seiberg, Managing Director of TD Cowen's Washington research department, indicated that the housing bill ultimately submitted for the president's signature is likely to include this ban, and the possibility of a permanent ban is higher than that of a temporary one. Seiberg pointed out that the amendment is primarily aimed at solidifying the current policy stance.The Federal Reserve has repeatedly stated that it will not issue a digital dollar without explicit authorization from Congress. Meanwhile, several U.S. lawmakers have recently co-signed a letter to congressional leadership, urging for a permanent ban on CBDC. Congressman Ralph Norman stated that unlike cash, CBDC could allow the government to track transactions and monitor individual spending behavior, thus a permanent ban is necessary to protect the privacy and freedom of Americans.It is noteworthy that the U.S. House of Representatives passed the "Anti-CBDC Surveillance State Act" last year, which prohibits the Federal Reserve from directly issuing CBDC to individuals. Cruz has also been actively pushing for similar legislation in the Senate.

Recently, with the launch of Sui ETF ($SUIS) on Nasdaq and the release of the USDsui stablecoin, the financial infrastructure of the Sui public chain is continuously improving. The traditional funding channels and the on-chain liquidity system are being enhanced in tandem, leading to a sustained increase in ecological activity. Meanwhile, the Sui DeFi sector has also seen frequent new developments, such as the NAVI Protocol and other core protocols continuously driving the growth of lending and liquidity markets, further enhancing the efficiency of ecological funds. Against this backdrop, the Premium Exchange (PRE DEX), incubated by the NAVI Protocol Foundation, is also steadily advancing its ecological layout. As the Sui financial system gradually takes shape, DeFi projects like PRE DEX are expected to play a more significant role in ecological trading and value discovery.

According to The Guardian, the Bank Policy Institute (BPI), representing 40 major U.S. banks including JPMorgan Chase, Goldman Sachs, and Citigroup, is considering suing the Office of the Comptroller of the Currency (OCC) for failing to heed multiple warnings from the banking industry regarding the loosening of federal licensing rule interpretations.Under the leadership of Jonathan Gould, a former crypto executive appointed by Trump, the OCC has effectively lowered the threshold for cryptocurrency and fintech companies to obtain national bank trust charters, allowing them to serve customers in all 50 states. The banking sector believes this move enables crypto companies to enter the financial system without strict regulation, blurring the lines of "banking" and increasing systemic risk. Last year, the BPI urged the OCC to reject license applications from companies like Circle and Ripple. The organization has not yet made a final decision on whether to proceed with the lawsuit.

U.S. District Judge Jeannette Vargas in Manhattan previously dismissed a civil lawsuit that sought to hold Binance and its founder CZ accountable, alleging that their trading activities aided terrorist organizations in carrying out global attacks. However, according to the ruling, the judge allowed the plaintiffs to submit an amended complaint within 60 days, supplementing more specific evidence of on-chain transactions and account associations.The plaintiffs had previously failed to demonstrate a direct connection between Binance's trading activities and specific attacks, such as key evidence regarding the flow of funds, wallet ownership, or transaction timing. The judge also criticized the plaintiffs' 891-page complaint as "clearly overly lengthy," thus failing to meet the relevant liability standards under the Anti-Terrorism Act.

A federal judge in Manhattan, Jeannette Vargas, dismissed a civil lawsuit that sought to hold Binance and its founder CZ accountable, accusing their trading activities of aiding terrorist organizations in carrying out global attacks.The judge found that the 535 plaintiffs (including victims and their families) failed to reasonably explain that the defendants "intentionally conspired with the terrorist attacks, participated in their execution, or ensured the success of the attacks through their actions." The plaintiffs alleged that the attacks occurred between 2017 and 2024 and were carried out by external terrorist organizations such as Hamas, Hezbollah, the Iranian Revolutionary Guard, ISIS, Kata'ib Hezbollah, the Palestinian Islamic Jihad, and Al-Qaeda, attempting to attribute hundreds of millions of dollars in cryptocurrency and transactions with Iranian users to Binance and CZ.The judge noted that while Binance and CZ may have some awareness of the potential for terrorist financing through the exchange, their relationship with terrorist organizations was limited to "their or their affiliates' accounts on Binance and trading in a fair manner." The judge also criticized the plaintiffs' 891-page, 3,189-paragraph complaint as "entirely unnecessary," but allowed for amendments. A Binance spokesperson stated, "The court correctly dismissed these baseless allegations. Binance strictly adheres to compliance requirements and has a zero-tolerance policy for illegal activities on the platform." CZ also mentioned that the plaintiffs were attempting to leverage Binance's acknowledgment in November 2023 of violating anti-money laundering and sanctions laws and paying a $4.32 billion penalty to seek triple damages.

According to a report by the Financial Times citing anonymous sources, cryptocurrency trading and lending company BlockFills has "sought restructuring advice from consulting firm BRG." It is said that after halting withdrawals, BlockFills appointed BRG's Mark Renzi as "Chief Transformation Officer." The new management of BlockFills aims to "complete the restructuring, inject new capital, and implement new governance and financial controls."Previously, the lending institution temporarily suspended customer deposits and withdrawals last month. At that time, BlockFills attributed the move to "recent market and financial conditions," citing a significant decline in the digital asset market. This week, a federal judge issued a temporary restraining order against BlockFills after one of its clients, Dominion Capital, accused the company of mismanaging client funds in February.

Coinbase shareholder Kevin Meehan filed a derivative lawsuit on behalf of the company, accusing CEO Brian Armstrong and other executives of making misleading statements between April 2021 and June 2023, failing to adequately disclose the risks of customer asset custody, the securities law risks of token listings, and anti-money laundering compliance deficiencies. The lawsuit also names Coinbase co-founder Fred Ehrsam, Chief Operating Officer Paul Grewal, and President and Chief Operating Officer Emilie Choi.The complaint states that the Coinbase user agreement describes custodial wallet assets as "assets held by the company on behalf of customers," but does not disclose that these assets may be included in the bankruptcy estate if the company goes bankrupt, potentially leaving retail users as ordinary unsecured creditors. Meanwhile, the company claims that the token listing review process can "ensure that no securities appear on the platform," yet some tokens still face securities risks.

The U.S. Securities and Exchange Commission (SEC) will withdraw its lawsuit against cryptocurrency figure Justin Sun. The SEC sued Justin Sun in 2023, accusing him of selling unregistered securities through the Tron Foundation, BitTorrent Foundation Ltd., and Rainberry Inc., and artificially inflating Tronix trading volume by instructing employees to conduct over 600,000 wash trades between accounts under his control.Under the settlement agreement, the SEC will drop all charges against Justin Sun, and Rainberry has agreed to pay a $10 million civil penalty without admitting or denying the related allegations, pending judicial approval of the settlement. Justin Sun expressed that he is "very pleased" with the SEC's decision to drop the lawsuit on the X platform. Since Trump returned to the White House, the SEC has withdrawn or suspended at least a dozen cases against cryptocurrency companies, including previous lawsuits against Coinbase and Binance.

According to CoinDesk, the native stablecoin of the Sui blockchain, Sui Dollar (USDsui), has been launched. This stablecoin is issued by Bridge, a stablecoin company acquired by payment giant Stripe last year, and the profits generated from the underlying assets will be returned to the Sui ecosystem.Adeniyi Abiodun, co-founder of Mysten Labs, stated that the profits generated from the bonds and liquidity assets supporting USDsui will be used to buy back and burn SUI tokens, or deployed to decentralized finance (DeFi) protocols and automated market makers to incentivize trading. This contrasts with the model of mainstream stablecoin issuers like Tether and Circle, which retain all profits.

Ray Dalio, the founder of Bridgewater Associates, stated in Tuesday's All-In Podcast that Bitcoin is not suitable as a long-term store of value or a safe-haven asset, citing reasons such as the lack of central bank support and the uncertainties surrounding its privacy protection and quantum resistance.He mentioned that Bitcoin cannot become "digital gold," asserting that "there is only one gold in the world." Gold is not a speculative precious metal, but rather "the most mature currency," and it is the second-largest reserve asset held by central banks. He expressed difficulty in understanding why central banks would buy and hold Bitcoin for the long term.

A New York court dismissed the class action lawsuit against Uniswap Labs, permanently rejecting the federal claims and dismissing the state law claims without prejudice. This ruling emphasizes the legal nature of decentralized protocols and confirms that smart contract developers should not be held liable for third-party misuse.This legal victory not only solidifies Uniswap's operational model but also sets an important precedent for other decentralized platforms facing similar legal challenges, marking a milestone in the legal progress of the DeFi industry.

According to market news, Judge Katherine Polk Failla of the U.S. District Court for the Southern District of New York has dismissed the class action lawsuit against Uniswap Labs and its founder Hayden Adams. This ruling ends a long-standing legal attempt to hold DEX developers accountable for "fraud tokens" traded on their platform.In her ruling, the judge stated that holding the creators of smart contract code responsible for third-party abuses of decentralized platforms is "illogical," and emphasized that merely providing a platform does not equate to substantial assistance in fraud. Since the plaintiffs failed to present valid legal claims even after multiple amendments to the complaint, the judge decided to "dismiss the case with prejudice," meaning the plaintiffs cannot sue again on the same grounds.Uniswap's General Counsel Brian Nistler stated that this ruling sets an important precedent for the DeFi industry, reaffirming that developers are not responsible for illegal activities conducted by third parties using open-source code.

A U.S. federal judge ruled to dismiss the remaining state law claims against Uniswap Labs and its founder Hayden Adams, ending a years-long class action lawsuit.The plaintiffs attempted to hold the platform liable for losses incurred from "scam tokens" traded on the Uniswap protocol. Judge Katherine Polk Failla of the Southern District of New York issued the ruling on Monday, dismissing the plaintiffs' second amended complaint "with prejudice," stating that the plaintiffs failed to present a viable legal claim. The court noted that the plaintiffs had multiple opportunities to amend their complaint but still could not demonstrate that Uniswap was responsible for the misconduct of unnamed third-party token issuers.The plaintiffs claimed to have suffered losses due to actions such as "rug pulls" and "pump-and-dump" schemes, arguing that Uniswap "aided fraud" by providing a platform for buyers and sellers to trade. However, the court clearly stated that merely providing a decentralized trading platform does not constitute "substantial assistance" to fraudulent activities. Judge Failla reiterated her previous view that holding developers of smart contract code responsible for the abusive actions of third parties on decentralized platforms is "logically difficult to sustain."The case was initially filed in 2022 and originally included federal securities law claims. The related securities claims were dismissed in 2023, and the Second Circuit Court of Appeals upheld that ruling, remanding the remaining state law claims to the district court for consideration. This ruling signifies the formal conclusion of the case and further tightens the boundaries of state law liability for DeFi platform developers.

According to Cointelegraph, former Credit Suisse Chief Investment Officer Iggy Ioppe stated that during the period when CME Group's gold futures closed on Friday at 5:00 PM (Eastern Time) and reopened on Sunday at 6:00 PM, nearly all publicly visible gold price formation occurred in the on-chain market.He pointed out that during this time window, the regulated futures market was paused, and while there was some activity in the over-the-counter (OTC) market in Asia, it was not publicly transparent. Therefore, tokenized gold assets such as PAX Gold (PAXG) and Tether Gold (XAUt) became the only continuously tradable public market."From the perspective of publicly visible price formation, the on-chain market accounted for almost 100% of weekend price discovery." When CME resumes trading, futures prices typically align with the fluctuations that have occurred in the on-chain market.Data shows that the market capitalization of tokenized gold has risen to $4.4 billion, with approximately $2.8 billion added in the past year, an increase of 177%, far exceeding the performance of most spot gold ETFs. The total trading volume for 2025 is about $178 billion, with a peak of over $126 billion in the fourth quarter alone, making it second only to SPDR Gold Shares in terms of trading volume.On Saturday, amid airstrikes by the U.S. against Iran and escalating geopolitical tensions, tokenized gold briefly rose, with XAUt surpassing $5,450 and PAXG nearing $5,536, while Bitcoin and Ethereum fell in tandem.Current major participants include market makers, cross-market liquidity providers, and crypto-native macro traders who use tokenized gold for arbitrage, collateral, hedging, and yield strategies. Some institutions also monitor weekend on-chain gold trends to assess the "gap risk" before CME opens, but they often regard it as a reference signal rather than a direct basis for building positions.

The cryptocurrency trading platform Bakkt, a subsidiary of the New York Stock Exchange, announced the completion of the direct issuance pricing for 3,024,799 shares of Class A common stock and pre-funded warrants. Each pre-funded warrant can purchase up to 2,475,201 shares of Class A common stock, with an issuance price of $8.75 per share and a price of $8.7499 per pre-funded warrant, totaling $48.125 million to be raised. The transaction is expected to be completed around March 2, 2026, subject to customary closing conditions.