Problem gambling council chief resigns after Kalshi donation controversy
The resignation highlights governance challenges and risks eroding trust, potentially impacting future collaborations and funding strategies...
Evening market briefing
Tether’s THORChain freeze, NEAR’s breakout and fresh derivatives filings kept attention on issuer power, relative performance and market-structure plumbing.
The resignation highlights governance challenges and risks eroding trust, potentially impacting future collaborations and funding strategies...
Executive scan
Today in Crypto closed with stablecoins and tokenization still dominating the tape, but the sharpest risk signal came from Tether-linked USDT vault freezes on THORChain that were later reversed. The episode put centralized issuer discretion back in the middle of DeFi risk analysis, while Ethereum’s stablecoin market-cap growth added another concentration thread for liquidity desks.
Elsewhere, NEAR’s 83% four-week gain drew repeated coverage, helped by the Bitwise NRR spot ETF debut and reported Intents volume. Market-structure headlines broadened as Blockchain.com sought approval for US prediction markets and crypto derivatives, Coinbase opened full trading for DATA-USD and WHUF-USD, and a Kalshi-linked donation controversy led to a resignation at a problem gambling council.
Market read
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Main signals
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The MOU could accelerate tokenization in Asia, but regulatory hurdles and market-specific challenges may impact its success and sc...
The crypto platform filed for designated contract market and futures commission merchant licenses, which would let it run its own...
Market watch
Market attention clustered around Bitcoin, Ethereum, Tether and NEAR, with stablecoin flows and relative performance driving the close.
Policy and risk
Policy and risk focus sat on issuer intervention, prediction-market licensing, derivatives approvals and governance fallout around Kalshi-linked funding.
Source trail