CFTC Sues New York Over bid to Apply Gambling Laws to Prediction Markets

Rewrite this content into a 1000-word SEO friendly article: The Commodity Futures Trading Commission (CFTC) has filed a lawsuit against New York to stop the state from applying its gambling laws to federally regulated prediction market platforms, escalating a growing clash over who has authority to oversee these products. In a complaint lodged in the … Read more

Hyperliquid Whale Shorts Bitcoin, Is A $75K Retest Incoming

Rewrite this content into a 1000-word SEO friendly article: Key takeaways: A whale linked to asset manager Fasanara Capital holds a $38 million crypto short position, but will it impact Bitcoin’s price? Negative futures funding rates at Binance and Bybit point to unusual demand for bearish positioning despite BTC’s recent price gains. Bitcoin (BTC) struggled … Read more

Crypto-Aligned Fellowship PAC Bets Big on Texas Senate Race

Rewrite this content into a 1000-word SEO friendly article: The crypto-aligned Fellowship political action committee (PAC), led by stablecoin issuer Tether’s head of government affairs, reported spending more than $3 million on advertising related to US Senate and House races, with the majority going toward to support a Texas Republican candidate. In a Tuesday filing … Read more

Shariah-Compliant PUSD Stablecoin Integrates With ADI Chain

Rewrite this content into a 1000-word SEO friendly article: PUSD, a Shariah-compliant stablecoin backed by Gulf currencies, is set to deploy on ADI Chain, a Layer 2 network focused on institutional settlement in the Middle East. According to an announcement shared with Cointelegraph, the stablecoin has about $2.3 billion in circulation and is backed 1:1 … Read more

UK FCA Targets Illegal Crypto P2P Trading in Nationwide Raids

Rewrite this content into a 1000-word SEO friendly article: The United Kingdom’s Financial Conduct Authority (FCA) has raided multiple sites suspected of running illegal peer-to-peer (P2P) crypto trading operations. The financial services and markets watchdog said Wednesday that it worked alongside HM Revenue & Customs and the South West Regional Organised Crime Unit to inspect … Read more