Regulated platforms back new legislation targeting misuse of non-public government information The CEO of Kalshi, a federally regulated U.S. prediction market, has publicly endorsed new legislation aimed at banning insider trading on political and policy-based prediction markets. The move comes amid rising scrutiny of how sensitive government information could be misused for profit on certain platforms. Kalshi CEO Tarek Mansour stated his support for the Public Integrity in Financial Prediction Markets Act of 2026, introduced by Rep. Ritchie Torres. The proposed bill would prohibit federal elected officials, political appointees, and executive branch employees from betting on markets tied to government…
Author: Bitxjournal Team
Activist investor challenges board actions, citing shareholder rights and concerns over BNB-focused digital asset plans YZi Labs, an investment firm backed by Changpeng “CZ” Zhao, has intensified its challenge against CEA Industries, raising objections to newly adopted corporate defenses and governance changes. The dispute centers on shareholder rights, board accountability, and the company’s stated commitment to a BNB-based digital asset treasury. Opposition to Poison Pill and Bylaw Changes YZi Labs has formally criticized CEA’s adoption of a stockholder rights plan, commonly known as a poison pill, along with amendments to company bylaws. According to YZi, these measures are stockholder-unfriendly and…
Governance Dispute Sparks Full Team Exit While Zcash Network Continues Unaffected The core development team behind privacy-focused cryptocurrency Zcash has officially split from the Electric Coin Company (ECC) and announced plans to form a new independent firm, following escalating governance disagreements with the nonprofit board that supports the project. Electric Coin Company Team Resigns Over Governance Dispute ECC CEO Josh Swihart confirmed that the entire ECC team has resigned, citing fundamental misalignment with members of the nonprofit board known as Bootstrap. According to Swihart, recent changes to employment terms and governance direction made it impossible for the team to continue…
Offshore exchanges, private wallets and DeFi tools raise concerns over tax compliance and enforcement India’s tax authorities have reiterated concerns about the growing complexity of cryptocurrency transactions, warning that certain crypto practices could undermine effective tax enforcement. The caution comes as digital asset adoption increases while regulatory clarity remains limited. Offshore Exchanges and DeFi Complicate Oversight During a recent parliamentary standing committee on finance, officials from the Income Tax Department (ITD) highlighted risks associated with offshore crypto exchanges, private wallets, and decentralized finance (DeFi) tools. These mechanisms enable anonymous, borderless and near-instant value transfers, often without involvement from regulated financial…
Late Entry Into Spot Bitcoin ETFs Could Strengthen Brokerage, Talent, and Crypto Strategy Morgan Stanley’s recent move to launch a spot Bitcoin exchange-traded fund (ETF) may offer strategic and reputational advantages, even if inflows fall short of market leaders. Analysts say the bank’s entry signals long-term commitment to digital assets and positions the firm to benefit across its broader financial ecosystem. By filing to launch Bitcoin and Solana ETFs, Morgan Stanley is reinforcing its stance as a forward-looking institutional player. Market observers note that simply offering a Bitcoin ETF enhances credibility, signaling that the firm is pro-crypto, innovation-driven, and aligned…
Largest corporate Ether holder expands ETH position while increasing staking exposure BitMine Immersion Technologies, the largest known corporate holder of Ether, has begun 2026 with a significant cryptocurrency acquisition, reinforcing its long-term commitment to Ethereum despite expectations of short-term market volatility. At the start of the year, BitMine purchased $105 million worth of Ether (ETH), marking its first reported acquisition of 2026. Following this purchase, the company’s total holdings reached 4.07 million ETH valued at approximately $12.6 billion. This represents 3.36% of Ethereum’s total circulating supply, placing BitMine in a uniquely influential position within the Ethereum ecosystem. Strong Cash Position…
Profit-Taking After Rally Triggers Initial Pullback in XRP Exchange-Traded Funds U.S.-listed spot XRP exchange-traded funds (ETFs) have recorded their first daily net outflows since debut, marking a shift in investor behavior after weeks of steady inflows. The move comes amid broader crypto market weakness and follows a recent price rally in XRP. XRP ETF Outflows End 36-Day Inflow Streak Data shows that spot XRP ETFs posted net outflows of approximately $40.8 million in a single day, ending a 36-day streak without withdrawals. Among the five active products, one fund accounted for the majority of redemptions, while others continued to see…
BTC Price Cools After Early-Year Rally Amid $480M Spot ETF Withdrawals Bitcoin has fallen below the $90,000 level, cooling the early-January rally as investors digest heavy outflows from U.S. spot Bitcoin ETFs and shifting macro expectations. The pullback reflects a broader pause in risk appetite rather than a full trend reversal. Bitcoin dropped roughly 2% in the past 24 hours, briefly trading below $90,000, after failing to hold recent highs near $94,000. Despite the short-term weakness, BTC remains up more than 3% on the week, indicating that the broader structure is still holding. Technical data shows Bitcoin trading within a…
U.S. Banking License Aims to Bring USD1 Stablecoin Fully Onshore World Liberty Financial, a decentralized finance protocol backed by U.S. President Donald Trump, is taking a major regulatory step by seeking a U.S. national trust bank charter. The move is designed to bring its USD1 stablecoin fully onshore, aligning issuance, custody, and conversion under federal supervision. World Liberty Financial Files OCC Application A newly formed entity, WLTC Holdings LLC, has filed an application with the Office of the Comptroller of the Currency (OCC) to establish World Liberty Trust Company, a national trust bank purpose-built for stablecoin operations. If approved, the…
Weak Capital Inflows and Shifting Risk Appetite Could Stall Bitcoin Momentum Bitcoin may be heading into a period of prolonged sideways price action in the coming months, as capital inflows slow and investor attention shifts back to traditional markets. Market observers suggest that while a major crash looks unlikely, strong upside momentum may also remain limited in the short term. “Capital inflows into Bitcoin have dried up,” Ju said on Wednesday; According to recent market analysis, new money flowing into Bitcoin has largely dried up, with traders reallocating capital toward equities, gold, and silver, which have seen strong performance. This rotation has…