Kalshi has permanently banned former U.S. Representative George Santos and imposed a $71,356 penalty after finding that he manipulated an attendance market to earn $17,839.57. Summary Kalshi permanently suspended Santos from accessing its exchange either directly or indirectly. Santos earned $17,839.57 from contracts tied to his State of the Union attendance. Public statements by Santos
GRAM has rebounded toward $1.40 after Telegram began releasing its self-custodial Gram Wallet to selected users, while trading volume jumped about 137% around the announcement. Summary GRAM gained about 2% over 24 hours after briefly approaching $1.46. Telegram will release Gram Wallet gradually to its billion-plus users. The wallet supports self-custody, fee-free transfers, and Telegram
MEXC has launched a Visa-linked Global Card offering eligible users up to 10% cashback in USDT as monthly crypto card spending reached $759 million in July, roughly 2.5 times its level a year earlier. Summary MEXC has launched its Global Card with USDT spending through Visa, Apple Pay, and Google Pay. The card offers 4%
HKDAP could move the Hong Kong dollar beyond payments and into cross-border settlement, corporate treasury management and tokenized finance as regulated stablecoins gain a role in Hong Kong’s on-chain financial system, according to a HashKey researcher. Summary HashKey senior researcher Tim Sun sees HKD stablecoins becoming an on-chain settlement vehicle rather than simply another payment
Strive has purchased 1,800 Bitcoin for about $143 million, raising its treasury to 23,156 BTC and moving past Bullish into fifth place among public corporate holders. Summary Strive paid an average of $79,431 per Bitcoin between Aug. 24 and Aug. 28. The company’s Bitcoin treasury increased from 21,356 BTC to 23,156 BTC. ASST and SATA
XRP price traded near $1.36 on Aug. 31 after falling roughly 7% over seven days, as fading momentum and leveraged position unwinding offset record weekly demand from U.S. spot exchange-traded funds. Summary XRP price retreated from $1.48 to $1.36 but remained above its 4-hour Supertrend support at $1.341. U.S. spot XRP ETFs attracted $110.49 million
Bitcoin developers supporting BIP-110 are preparing a separate BLAKE2b proof-of-work chain for a proposed Sept. 1 launch after an earlier minority branch failed to attract enough SHA-256 mining support. Summary Bitcoin developer Luke Dashjr’s supporters plan a BLAKE2b breakaway chain after BIP-110’s minority branch stalled. The original BIP-110 proposed temporary restrictions on arbitrary data, not
Polymarket has strengthened its trade surveillance and investigation systems ahead of the U.S. midterm elections, as the prediction market operator faces scrutiny over insider trading and American access to its international platform. Summary Polymarket says its surveillance systems can identify anomalous trading as the U.S. midterm elections approach. The company uses blockchain analytics, machine learning
Zakura released an open-source cryptography toolkit on Aug. 29 that it says can reduce the time required to construct some private Zcash transactions from more than three seconds to below 200 milliseconds. Summary Zakura Common cuts transaction construction from over three seconds to under 200 milliseconds, developers claim. Mobile proof generation improved more than fourteenfold,
Crypto projects spent approximately $638 million repurchasing their native tokens between January and Aug. 31, according to Allium Labs figures cited by the Financial Times. Summary Crypto projects spent $638 million on token buybacks this year, exceeding last year’s comparable total. Hyperliquid and Pump.fun represented nearly 90% of tracked repurchases, according to Allium Labs data
