Strategy Pushes Back on MSCI Plan to Drop MSTR From Global Indexes
Key Takeaways The world’s largest publicly listed corporate bitcoin owner could lose its place in major indexes. Funds that copy those benchmarks would drop the stock from portfolios. MSCI expects to publish its consultation results by mid-October. Strategy Pushes Back…
XRP Ledger’s XAO DAO Plans Major Governance Upgrades to Boost Community Participation
XAO DAO has not yet disclosed the final mechanics or timetable for implementing all the proposed governance changes. XAO DAO is preparing a series of governance changes for the XRP Ledger over the next two to three months, according…
SpaceX stock falls as $60B Cursor deal closes
SpaceX has completed its $60 billion stock-based acquisition of Anysphere, bringing the Cursor coding platform into its SpaceXAI business as SPCX shares fell during Friday trading. Summary Cursor has become a wholly owned SpaceX subsidiary after the merger took effect…
Kalshi Pulls All Sports Mention Markets as CFTC Opens Review
Key Takeaways Kalshi removed all sports mention markets as the CFTC reviews them, NPR reports. Trump markets are 82% of the $1.16M in visible volume still listed on Kalshi. Washington bans the whole mentions category, with geofencing due by Sept….
Kalshi and Polymarket Face More Legal Trouble
Kalshi and Polymarket are offering bets on winners, spreads, totals, and player stats, but Baltimore says they lack the required licenses. Baltimore has taken legal action against prediction market operators Kalshi and Polymarket, accusing both companies of offering illegal…
Tokenization stocks slide as legal concerns delay SEC innovation exemption
Tokenization-linked stocks have fallen as much as 11.2% after legal and market concerns reportedly delayed the SEC’s planned innovation exemption for blockchain-based securities. Summary Bullish fell 11.2%, extending its decline from about 8% earlier in Friday’s session. Coinbase and Circle…
Bitcoin Slides to $62,470 as Sellers Test the $63K Floor Again
Key Takeaways Bitcoin fell below $63,000 as spot ETF outflows topped $131 million. MSCI proposed rules targeting firms like Strategy with over 50% non-operating assets. MSCI will decide on Oct. 16, with potential November removals dimming bitcoin’s year-end outlook. BTC…
StablecoinX holds 20% of ENA supply as shares jump 12%
StablecoinX shares have climbed more than 12% after the Nasdaq-listed company disclosed a 3-billion-token ENA treasury and reported its first quarterly results since going public. Summary StablecoinX held approximately 3 billion ENA tokens, equal to about 20% of the total…
Bitcoin Hashrate Slips 17% Off Record as Miners Chase AI
Key Takeaways Bitcoin’s hashrate sits roughly 17% below its all-time high. Hut 8’s contracted AI infrastructure portfolio alone has reached $26.6 billion. CoinShares projects AI and HPC work could supply 70% of listed miners’ revenue by the end of 2026….
Digital money needs interoperable settlement rails, Lynq CEO says
Lynq CEO Jerald David has said institutional finance needs interoperable settlement systems capable of moving cash and collateral 24/7 as firms adopt several forms of digital money. Summary Institutions are likely to use stablecoins, tokenized deposits, CBDCs, and traditional bank…
