DOJ, CFTC Sue Arkansas to Block Kalshi Crackdown as Prediction Market Battle Escalates

DOJ, CFTC Sue Arkansas to Block Kalshi Crackdown as Prediction Market Battle Escalates

Key Takeaways The DOJ and CFTC sued Arkansas to block its crackdown on Kalshi, arguing that federally regulated prediction markets fall under the CFTC’s exclusive jurisdiction. Arkansas accuses Kalshi of illegal gambling and deceptive practices, seeking restitution, unpaid taxes and penalties that federal authorities warn could total hundreds of millions of dollars. The lawsuit expands…

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Israeli Police Arrest Five in M WhatsApp Crypto Probe

Israeli Police Arrest Five in $5M WhatsApp Crypto Probe

Israeli police arrested five people on Tuesday in a money laundering investigation involving about 16 million shekels ($5 million) in crypto transactions arranged through a WhatsApp group. Investigators from the National Unit for Combating Economic Crime within Lahav 433 suspect the group provided crypto services without a license and failed to report transactions to Israel’s…

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Can Shares Recover From 0?

Can Shares Recover From $150?

Nvidia stock is facing a serious confidence test as a widening controversy puts its leadership, export controls, and China exposure under scrutiny. The reported allegations involving CEO Jensen Huang and businesswoman Alice Huang, also referred to as Alice Wang, have added another layer of uncertainty. Meanwhile, Nvidia stock has fallen from around $243 in early…

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Bitmine Reports .3B Net Loss as Ether Plunges 44% During Fiscal Year

Bitmine Reports $6.3B Net Loss as Ether Plunges 44% During Fiscal Year

Key Takeaways Bitmine reported a $6.23 billion unrealized cryptocurrency loss and a $6.31 billion annual net loss, as Ethereum fell approximately 44% during its fiscal year ended Aug. 31, 2026. Annual revenue surged to $124.8 million, primarily from Ethereum staking, but operating expenses and cryptocurrency valuation losses overwhelmed those gains. Bitmine increased its holdings to…

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