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Prediction market platform Kalshi has filed a lawsuit against the states of Nevada and New Jersey, challenging their bans on sports-related contracts. The legal action comes after regulatory pushback against Kalshi’s efforts to offer markets on political and sports outcomes. Kalshi, which operates under approval from the Commodity Futures Trading Commission (CFTC), argues that the bans unfairly restrict its ability …

Binance founder and former CEO Changpeng Zhao (CZ) has announced a donation of 500 BNB each to Thailand and Myanmar in response to the recent earthquake that struck the region. The pledge aims to provide immediate support to affected communities as they recover from the disaster. The earthquake, which caused significant damage in parts of both countries, has left many …

FTX is set to begin repaying its creditors on May 30, marking a significant step in resolving its lengthy bankruptcy process. The repayments come after 27 months of legal proceedings following the exchange’s dramatic collapse in November 2022. According to court filings, the distribution will prioritize customers and creditors based on an approved restructuring plan. While the exact payout amounts …

Sonic Labs has announced a shift from its dollar-pegged algorithmic stablecoin to a version backed by the UAE dirham (AED), signaling a strategic move in response to evolving market conditions and regional demand. The decision comes amid growing interest in non-USD stablecoins, particularly in emerging markets where local currency-backed digital assets can enhance financial accessibility and reduce reliance on the …

Metaplanet, a Japan-based investment firm, has issued $13 million worth of zero-interest bonds to expand its Bitcoin holdings. The move highlights the company’s aggressive strategy to increase its exposure to the digital asset while leveraging innovative financing methods. The zero-interest bonds, which do not carry traditional interest payments, provide Metaplanet with capital at minimal cost. This allows the firm to …