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Ripple and Robinhood are expanding their partnership to bring RLUSD to Robinhood’s retail and institutional businesses, alongside treasury, settlement, custody and trade-finance integrations involving the XRP Ledger and new partners.
The CFTC has sued Utah and Attorney General Derek Brown over the state’s effort to pursue Kalshi for up to $60 million in alleged illegal profits, arguing federal law gives the regulator exclusive authority over prediction markets.
The CFTC has sued Utah to stop the state from restricting Kalshi’s prediction-market contracts, arguing federal derivatives law overrides Utah’s gambling ban. The case adds to a nationwide legal battle over whether states or the federal government should regulate event-based markets.
The CFTC is reportedly investigating whether Polymarket breached its 2022 settlement by allowing US users onto its offshore exchange. The inquiry examines location controls, domestic advertising and customer onboarding as scrutiny grows around the prediction-market platform.
Brazilian companies sharply increased trading in USDT and bitcoin as they reacted to Luiz Inácio Lula da Silva’s unexpected election victory. Corporate accounts generated 78% of Mercado Bitcoin’s volume, while the real and Brazilian stocks suffered steep losses the following day.
NEXTPredict brought prediction-market exchanges, trading firms and policymakers together in New York as the industry explored uses beyond elections and sports. Speakers discussed a $3 million weather-related hedge, the limits of polling comparisons, financial contracts, regulation and faster news-driven trading.
USDC now accounts for 56% of stablecoin trading against the euro, up from 10% in January 2024, as EU exchanges restrict USDT under MiCA. Kaiko also says USDC’s euro order books are about 40% deeper than Tether’s.
CF Benchmarks, whose indices support BlackRock’s bitcoin ETF and CME crypto futures, has launched CFB Oracle to deliver benchmark prices to blockchain applications. The service targets onchain funds, tokenized portfolios and derivatives, with a planned Payward use awaiting U.S. regulatory approval.
Polymarket has investigated dozens of midterm-election bets for possible insider trading and manipulation, according to NPR. At least two cases were referred to the CFTC, while a new surveillance system generates hundreds of daily alerts across the company’s regulated and international platforms.
Luxor Technology raised $16 million to expand its AI hardware brokerage and computing-power trading operations as bitcoin miners repurpose infrastructure for artificial intelligence. The company is developing contracts designed to help buyers and sellers manage future computing prices.
Arthur Hayes has proposed using Flop Network and its FLOP token to establish a benchmark price for AI computing power, potentially supporting compute-linked derivatives. The plan follows his reported sale of about $22 million in tokens from Hayes-linked wallets.
CryptoQuant says Bitcoin’s declining long-term holder activity resembles patterns that preceded earlier bull markets. The share of realized cap held by coins dormant for at least 18 months has eased, while five-year-old coin activity has fallen sharply in 2026.
Bitcoin edged higher as the Nasdaq rose 1.15% on renewed artificial-intelligence enthusiasm. Robinhood missed third-quarter earnings and revenue estimates, while SoFi’s crypto accounts surpassed 500,000 and Galaxy Digital reported stronger quarterly results.
Injective has launched perpetual futures tied to rental prices for Nvidia’s H100, B200, H200, A100 and RTX 4090 GPUs. The index offers up to 10x leverage and may help AI companies hedge computing costs as concerns grow over neocloud profitability.
The NBA has signed a memorandum with the CFTC to share information and flag suspected insider trading and fraud in prediction markets. The agreement contrasts with the NFL’s court fight over Kalshi as federal and state authorities contest jurisdiction.
Polymarket assigned Lula about a 20% chance of winning Brazil’s presidential runoff, but he defeated Flávio Bolsonaro. Analysts attributed the miss to thin liquidity, limited local participation, Brazil’s prediction-market ban and possible overconfidence—not necessarily a failure of probability markets.
Brazilian stocks lost more than $200 billion at Monday’s open after Lula defeated Flávio Bolsonaro, contrary to prediction-market expectations. The Ibovespa fell as much as 17%, EWZ dropped 26%, the real weakened sharply and B3 activated its first pandemic-era circuit breaker.
Galaxy Digital research chief Alex Thorn says Bitcoin’s bear market ended in June and that the cryptocurrency is accumulating. He points to technical, on-chain and ETF data, while warning that a sustained break below the 50-week average would undermine the view.
