Utah Judge Rejects Kalshi’s Federal Shield From Gambling Laws
A federal judge granted Utah summary judgment Tuesday, holding that the Commodity Exchange Act does not preempt the state’s anti-gambling laws as applied to Kalshi’s sports event contracts. The exchange says it will appeal to the Tenth Circuit, which would bring prediction-market appeals into seven of the 13 federal circuits. Shelby Finds Multiple Readings of […] Powered by...
China Says It Cracked the Chipmaking Tech the West Spent Billions Trying to Keep From It
Researchers at the Chinese Academy of Sciences’ Shanghai Institute of Optics and Fine Mechanics built a laser-produced plasma EUV light-source platform that hit 3.42% conversion efficiency in a March 2025 paper, a key step toward domestic advanced-chip manufacturing. EUV remains the choke point for sub-7nm production, and ASML has been barred from selling its most […] Powered by...
Mastercard Closes $1.8B BVNK Deal in Stablecoin Payments Bet
Mastercard has completed its acquisition of stablecoin payments company BVNK, adding onchain settlement and wallet infrastructure to its global network. The deal positions the card giant to connect fiat currencies, stablecoins and tokenized deposits through one payments layer. Mastercard to Link Stablecoins to 17B Global Payment Network Mastercard has completed its acquisition of BVNK, […] Powered by...
Eliza Labs Founder Declares ELIZAOS AI-Agent Token ‘Dead’ After Lawsuit
Shaw Walters, founder of Eliza Labs, says the ELIZAOS token is finished after a class-action settlement exhausted the project’s treasury, marking the end of one of the largest AI-agent cryptocurrency stories of the past two years. Shaw Walters Draws a Line Under the Token In a lengthy Aug. 4 post on X, Walters declared, “The […] Powered by...
US and UK Reveal Digital Asset Plan to Modernize Finance
American and British regulators are expanding cooperation on crypto, tokenization, payments, artificial intelligence, and financial resilience. The initiative connects new regulatory frameworks with plans to reduce cross-border friction and modernize two major financial markets. Regulators Expand Their Transatlantic Digital Asset Agenda The U.S. Department of the Treasury published a joint statement on Aug. 4 summarizing […] Powered...
