Author: John Smith

Fairshake has entered the final stage of the 2026 U.S. election cycle with $122 million available after supporting nearly 50 winning candidates during the primaries. Summary Fairshake has backed nearly 50 candidates who secured party nominations in the 2026 primaries. The super PAC has reserved $122 million for spending before the Nov. 3 general election. Prediction markets give four Fairshake-backed Republican Senate candidates at least a 94% chance of winning. Fairshake’s largest primary defeat came after it spent over $10 million against Juliana Stratton in Illinois. Fairshake adds nearly 50 primary wins According to reports on Wednesday, Fairshake supported nearly…

New Jersey has asked the U.S. Supreme Court to decide whether federal derivatives law prevents states from regulating sports contracts offered by CFTC-registered prediction markets. Summary New Jersey filed its Supreme Court petition on Sept. 2 after losing its case against Kalshi in the Third Circuit. The state says Dodd-Frank did not remove its authority to regulate sports wagering within its borders. Conflicting Third and Ninth Circuit decisions have created opposing rules for prediction markets in different states. Kalshi maintains that the CFTC’s exclusive jurisdiction over its registered exchange overrides state gambling laws. A Sept. 2 court filing shows that…

Ondo Finance has asked US regulators to bring perpetual futures tied to individual stocks onshore after its offshore platform recorded $8 billion in cumulative trading volume within roughly six weeks. Summary Ondo says existing US security futures rules can cover perpetual contracts tied to individual stocks. Its Panama-based affiliate had processed $8 billion in cumulative volume by Aug. 14. Recurring funding payments keep the contracts close to the prices of their underlying shares. The SEC and CFTC are reviewing rules for onchain derivatives and tokenized securities. Ondo Finance, in three Aug. 24 comment letters to the Securities and Exchange Commission…

Coinbase has launched 23 perpetual and dated crypto futures for eligible Canadian investors, with leverage of up to 10 times on supported contracts. Summary Coinbase has opened 23 crypto futures markets to eligible sophisticated and institutional investors in Canada. The contracts cover Bitcoin, Ethereum, Solana, and 20 other digital assets. Traders can use nano-sized contracts and leverage of up to 10 times. Commodity and index futures linked to gold, silver, oil, and COIN50 are also available. Coinbase said eligible Canadian clients can access the new contracts through Coinbase Financial Markets, its futures commission merchant registered with the U.S. Commodity Futures…

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company. Bitwise’s Solana ETF (BSOL) has seen net inflows exceeding $1 billion in less than a year.  Summary Bitwise’s Solana ETF has recorded $1.02 billion in net inflows, making BSOL the largest Solana ETF by size. SOL has not seen a comparable price increase despite the ETF inflows, with the promotional release citing continued caution among investors. EX DeFi claims some SOL holders…

Bitfinex Securities has listed five tokenized products tied to four publicly traded Bitcoin treasury companies and Strategy’s STRC preferred stock. Summary Five notes provide economic exposure to Strategy, Metaplanet, H100, Capital B, and STRC. ORO (II) issued the products with the underlying shares held by regulated custodians. Trading pairs include the U.S. dollar, USDT, and Bitcoin on the Liquid Network. Bitfinex Securities says its listed tokenized assets now exceed $500 million. Bitfinex Securities said in a Sept. 1 announcement shared with crypto.news that the five products are the first tokenized Bitcoin treasury securities admitted to secondary trading on a regulated…

Grayscale Investments, venture capital firm a16z and the Crypto Council for Innovation urged the U.S. Securities and Exchange Commission (SEC) to avoid imposing uniform restrictions on “novel” exchange traded funds. Summary Grayscale, a16z and CCI urged the SEC to assess novel products using individual risk characteristics. All three opposed automatically treating products holding nonsecurities as investment companies under existing federal law. A16z requested coordinated registration and exchange reviews, alongside clearer timelines for prospective ETF issuer applicants. Grayscale and CCI supported optional confidential prefiling discussions to identify regulatory concerns before public submissions. SEC’s consultation closed August 31 without creating a rule,…

Twenty One Capital CEO Raphael Zagury said Bitcoin is experiencing its first “hashrate bear market” as network computing power remains below its late 2025 record and listed mining companies redirect infrastructure investment toward artificial intelligence. Summary Raphael Zagury called Bitcoin’s prolonged computing power decline its first ever hashrate bear market publicly. Bitcoin hashrate fell roughly 22% to 24% from its late 2025 peak, presentation materials showed. Zagury said artificial intelligence creates a competing use for miners’ power capacity and infrastructure today worldwide. Public miners increasingly pursue AI computing, though several companies continue operating substantial Bitcoin mining fleets. Lower network hashrate…

Remixpoint has sold its entire altcoin portfolio for ¥878.8 million, leaving the Japanese listed company with roughly 1,506 Bitcoin as its only cryptocurrency holding. Summary Remixpoint sold all of its ETH, SOL, XRP and DOGE holdings on September 1 for ¥878.8 million. The transactions generated a combined realized profit of ¥117.8 million, which will be booked as business segment revenue in the second quarter. Remixpoint now holds only Bitcoin in its crypto portfolio, with its balance standing at approximately 1,506 BTC. The company plans to consider using the sale proceeds for grid scale battery assets, strengthening its finances and other…

ARK Invest and Glassnode published a joint study on Sept. 1 that found three entities could cross the measured block-production thresholds for both Bitcoin and Ethereum, while Solana required 19. Summary Bitcoin reaches its 51% hash-rate threshold through three mining pools, according to the joint report. Ethereum requires three staking entities to exceed 33%, although pooled delegation complicates direct control assumptions. Solana’s Nakamoto coefficient is 19, but nearly all measured infrastructure operates inside commercial data centers. Bitcoin’s infrastructure is comparatively dispersed, with 63% of measured nodes operating anonymously through Tor networks. Ethereum hosts roughly 49% of execution-layer nodes in clouds,…