News, data and analysis on tokenized assets, market design and digital economic systems.
Auctions, order flow, settlement guarantees and incentive design: the rules that decide who captures value in an onchain market.
The city filed two complaints in the Circuit Court for Baltimore City on 13 August under an ordinance of its own, and the Kalshi case also names Robinhood, Webull and Coinbase, because each takes a fee on every event contract sold through its…
A cancellation notice dated 13 August withdrew the open meeting called for 10 a.m. on the 14th, at which the Commission was to consider proposing a tailored offering regime for certain crypto assets. No new date was given.
The Commission published the agenda on 13 August for the first meeting of its Innovation Advisory Committee, on 20 August.
A King County judge signed an order on 12 August requiring KalshiEX to stop offering event contracts on sports, elections, politics, entertainment, culture, tech and science and mentions in Washington, with geofencing by 2 September and $120,000 a…
A twelve-page advisory issued on 12 August tells designated contract markets what a market-maker or trading incentive programme may contain and how to file one.
The flight tracking company discontinued its case on 11 August, the day after filing it and hours after a judge set a restraining order hearing for the 13th.
The flight tracking company filed in Manhattan on 10 August, alleging that Kalshi named it as the primary source agency for cancellation contracts, displayed its trademark on the market pages and settled wagers on data licensed for personal use only.
A Sunshine Act notice dated 10 August calls an open meeting for 10 a.m. on Friday 14 August, at which the Commission will consider whether to propose a tailored offering regime for certain investment contracts involving crypto assets.
Distributed Ledger Repo moved an average of $365bn of repurchase agreements a day against tokenized collateral, which Broadridge reports as a 28 per cent rise year on year.
More than 50 cryptoassets went into the main Robinhood app for British customers on 10 August, traded through Bitstamp UK Ltd, with no trading, custody or account fee and a 0.10 per cent charge on the currency conversion that rises to 0.30 per cent…
Staff at the derivatives regulator wrote to every venue listing event contracts to say that displaying them in American plus-minus odds, rather than in cents, is likely to mislead customers about what they are buying and risks breaching the…
A federal judge in Detroit refused to stop Michigan enforcing its sports betting law against Coinbase, finding that sports event contracts are probably not swaps under the Commodity Exchange Act and that, even if they were, the Act does not displace…
The letter puts nearly a million investors' losses at $3.81bn against $636m of gains for the President, and asks whether the coin was a soft rug pull. A blockchain analytics firm told CNN it shows no hallmarks of one, and the SEC would not comment.
The regulator has ordered the former congressman to give up his profits and pay a penalty for trading a Kalshi contract on whether he would attend the State of the Union, an outcome he alone controlled.
A principles-based rewrite of Parts 37, 38 and 39 would police affiliations between exchanges, clearers and trading firms—the integrated structure crypto platforms made standard in derivatives markets.
The exchange will pay doctoral researchers to study its own market category, with a Carnegie Mellon economist as scientific director and independence rules of its own design.
The aggregator's shared liquidity layer went public across 13 chains, letting providers back several positions with the same tokens without depositing them anywhere—a capital-efficiency claim that doubles as a settlement question.
A preliminary injunction in the District of Minnesota halts Senate File 3432, finding the Commodity Exchange Act probably preempts a state law that criminalises prediction market platforms.
The league wants outright bans on contracts over officiating and player performance rather than case-by-case review, a 21-and-over floor, and prohibited-bettor lists—positions that put it at odds with both the Commission's draft and the leagues that…
Ondo Finance has replaced Ondo Chain, the institutional layer-1 it announced in February 2025, with an off-chain execution network that settles on public blockchains—a bet that what institutional tokenized markets lack is execution speed and privacy,…
The Division of Market Oversight says template filings that bundle many contract variations into a single certification fall short of what the rules require.
A new v4 hook standard verifies wallets against issuer-managed allowlists at the protocol level, with Superstate, Securitize and Dowgo among the launch collaborators.
HDR Global Trading will shut the derivatives venue on 23 September following a strategic review, telling users to withdraw funds before the deadline.
Robinhood began operating Robinhood Chain on mainnet on 1 July 2026, alongside round-the-clock tokenized stock trading, perpetual futures and onchain lending. The tokens give price exposure rather than direct share ownership.
Ethereum client teams locked the devnet-0 specification for the Glamsterdam upgrade in June 2026, with enshrined proposer-builder separation (EIP-7732) and block-level access lists (EIP-7928) as the central changes.
The Commodity Futures Trading Commission approved a notice of proposed rulemaking on prediction markets, published in the Federal Register on 12 June 2026, setting out when event contracts on enumerated activities are contrary to the public interest.
The Senate Banking Committee released its version of the CLARITY Act on 11 May 2026 and advanced the crypto market structure bill out of committee that month. A further revision was reported in July 2026 as negotiators worked toward a bipartisan compromise.
What issued, what settled, what the supervisors changed, with the numbers behind it and a note on what the numbers do not show. One email, Thursday mornings.
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