Louisiana just sued Kalshi, Polymarket, Coinbase, Robinhood, Gemini and more, calling event contracts illegal gambling.
Kalshi and Polymarket already sued Louisiana in federal court in October, arguing federal commodities law preempts state gambling law.
State vs feds.
Trump’s picks: Kristin Johnson + Steven Levine (SEC), Nathan Anonick + Matthew Rowland (CFTC). Levine is up for Hester Peirce's old seat.
Bipartisan slate. Senate still has to confirm.
$2.7B+ of the $6B+ North Korea took from Binance is frozen, and DOJ has court orders to seize or restrain $1.2B of that. Laundering of the rest is ongoing.
Also, their FaceStealer scam uses deepfake video calls. Never click a "fix" link mid-meeting.
Binance says coverage of the Oct 29 hack is now complete, paid from its own funds, not users'.
The real test is next: a new Proof of Reserves snapshot is out, and once the zero-knowledge proof is generated, users can verify 1:1 backing themselves. Check it when it drops.
Germany's biggest bank now holds the keys for its clients' crypto.
Deutsche Bank custody went live today for BTC, ETH, USDC, EURC and EURAU. Institutional and corporate clients in Europe only, not retail.
Next: its asset manager plans a tokenized money market fund.
JPMorgan's $2.8B estimate came from MSCI's older 2025 proposal, not the final rules.
And index funds would sell MSTR shares, not bitcoin. Strategy says MSCI trackers hold ~13M shares, about 3.1% of the total.
The list drops after 11 PM CET today.