American cryptocurrency exchange; growing influence in crypto markets.
Recent bets on prediction platforms suggest possible insider trading related to US-Iran tensions. Multiple accounts placed highly profitable wagers on ceasefires and military actions, with analysis indicating wallet-splitting and obfuscation. Regulatory scrutiny is increasing as authorities investigate potential market manipulation.
Letitia James has filed lawsuits against Coinbase and Gemini in Manhattan, alleging their prediction markets operate illegally without licensing. The lawsuits aim to stop these platforms from operating in New York until they obtain proper licenses. The companies argue their prediction markets are federally regulated, but the state maintains they are illegal gambling exposing young users.
Bitcoin has fallen from its peak as traders weigh Strategy’s bitcoin sale and a string of AI-driven bets, with markets shifting toward IPOs and chipmakers amid broader risk-off moves.
A wave of city and state actions curbs datacenter expansion amid AI investments. Seattle and New York push moratoriums to reassess power, water use, and community impact while major employers accelerate AI spending and layoffs.
The Kalshi lead has launched perpetual futures in the US after CFTC approval, fueling debate over onshore regulation. CME Group plans litigation against the CFTC, arguing perps are swaps under the Dodd-Frank Act, while Kalshi expands offerings and trader interest surges.
U.S. firms have started using cheaper Chinese open-weight models and building proprietary systems as Washington limits access to top American models. Five Eyes intelligence chiefs have warned frontier AI will accelerate cyber threats within months. The White House has applied export controls and launched Pax Silica to push allies toward U.S. AI while companies and investors are reassessing costs and strategy.
The Soros family has directed substantial political giving in the 2026 midterms, with several members contributing millions through PACs and private avenues. The flow of funds is shifting influence within the Democratic slate, while other donors and groups intensify their involvement.
Federal prosecutors allege Catherine Washburn, of Irondequoit, led an extremist anti-Israel group and moved funds to a designated terrorist organization. She faces up to 20 years in prison as investigations unfold, with new messages showing alignment with PIJ and Hamas supporters.