Category: Business

[ad_1] A16z has thrown its weight behind the Commodity Futures Trading Commission (CFTC) in a growing federal-state standoff over prediction markets, opposing state regulators that try to shut down platforms like Kalshi and Polymarket. The venture capital heavyweight submitted the letter on Thursday in response to the CFTC’s advance notice of proposed rulemaking on prediction…

[ad_1] Spirit Airlines stock (FLYYQ) plummeted over 70% Friday as the ultra-low-cost carrier edged toward its final landing after Washington’s $500 million rescue plan stalled and creditor talks collapsed. The Miramar, Florida-based airline, one of the largest budget carriers in the US, has been unable to reach a viable agreement with creditors or secure the…

[ad_1] Central Bank of Brazil Issues Ban on Crypto Utilization As Part of Regulated Cross-Border Settlement System Key Takeaways: On April 30, the Central Bank of Brazil issued Resolution 561, banning crypto in cross-border payments. Analyst Victor Alfa notes this 2025-reviewed ban forces firms to abandon on-chain efficiency for fiat. Taking effect on October 1,…

[ad_1] Key Takeaways: Coinbase Asset Management launched CUSHY to expand tokenized credit access for qualified investors. Institutions can access tokenized shares and supported networks, including Ethereum. Risk controls will guide underwriting, diversification, liquidity, and credit quality review. Coinbase’s CUSHY Expands Institutional Credit Onchain Stablecoin settlement is now moving deeper into institutional credit. Coinbase Asset Management…

[ad_1] Crypto payments platform MoonPay is launching an institutional unit after acquiring Sodot, an Israeli crypto security infrastructure provider. MoonPay on Wednesday announced the acquisition of Sodot, using Sodot’s key management technology as the core infrastructure layer of its new business serving financial institutions, asset managers, trading firms and exchanges entering digital asset markets. “We…

[ad_1] Galaxy Digital, the crypto financial services and infrastructure firm led by Mike Novogratz, posted a $216 million net loss for the first quarter of 2026, down from a $482 million loss in the prior quarter. Adjusted EBITDA was negative $188 million, and diluted earnings were negative $0.49 per share. Total equity was $2.8 billion,…

[ad_1] Anti-Money Laundering enforcement has overtaken securities violations as the leading regulatory threat facing crypto companies, according to CertiK, with the United States Department of Justice and Financial Crimes Enforcement Network imposing $900 million in AML-related fines during the first half of 2025. The shift marks a sharp break from the US Securities and Exchange…

[ad_1] Key Takeaways: SEC notice seeks comment on NYSE Arca proposal requiring 85% of assets meet eligibility standards. NYSE Arca rule would count derivatives by gross notional value, impacting crypto trust qualification calculations. Crypto and commodity trusts may use up to 15% in non-qualifying assets while remaining compliant. SEC Notice Opens Comment Period on 85%…

[ad_1] Key Takeaways: Morgan Stanley introduced a fund to support stablecoin issuers needing compliant, liquid reserve investment solutions. Stablecoin growth drives Morgan Stanley to expand digital asset strategy and institutional liquidity infrastructure offerings. Tokenization initiatives show Morgan Stanley advancing blockchain integration across treasury products and crypto investment platforms. Morgan Stanley Stablecoin Fund Targets Institutional Reserve…

[ad_1] President Donald Trump was unharmed after a shooter opened fire outside the ballroom of the White House Correspondents’ Dinner at the Washington Hilton on Saturday night. Other top US officials were evacuated, and no injuries were immediately reported. Authorities confirmed a shooting but released few details about the suspect or the motive. The incident…