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    Circle Hits Regulatory Milestone With NYDFS Trust Charter

    Circle Hits Regulatory Milestone With NYDFS Trust Charter

    Key TakeawaysCircle secured an NYDFS trust charter, enabling it to issue state-approved stablecoins and offer custody.The NYDFS license validates Circle’s compliance standards, securely positioning USDC in the global market.This state approval follows federal OCC...
    NY Sues Kalshi, Demanding $100K Fine Per Illegal Bet

    NY Sues Kalshi, Demanding $100K Fine Per Illegal Bet

    Key TakeawaysNew York sued Kalshi for running an unlicensed gambling operation disguised as a prediction market.The state alleges Kalshi bypasses taxes and illegally permits betting by users under 21 years old.New York seeks a ban on Kalshi, customer restitution, and...
    Coinbase Hits Record 10.3% Market Share Despite $359M Loss

    Coinbase Hits Record 10.3% Market Share Despite $359M Loss

    Key TakeawaysCoinbase’s crypto trading volume market share hit a record 10.3% in Q2 2026, up from 9.1%.Coinbase posted a $359 million net loss as total revenue fell 14% to $1.2 billion.Subscription and services revenue hit a record $555 million, or 48% of Coinbase’s...
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