Month: January 2026

Massachusetts Judge Bars Kalshi from Offering Sports Bets: Report

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The preliminary injunction against the predictions market platform came at the request of Massachusetts Attorney General Andrea Joy Campbell. Prediction markets platform Kalshi could face legal complications operating in the US state of Massachusetts after a judge reportedly ruled that residents could not use the website for sports betting. According to a Tuesday Reuters report, Suffolk County Superior Court Judge Christopher Barry-Smith said he would issue a preliminary injunction against Kalshi prohibiting the platform from offering sporting betting for residents without the required gaming license.  The ruling followed Massachusetts Attorney…

Peter Brandt Warns Bitcoin Could Drop to $58K–$62K Next

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Bitcoin trades near $90.8K as Peter Brandt targets $58K–$62K after a breakdown, while CME gaps and on-chain losses raise caution. Bitcoin (BTC) remains under selling pressure after losing key technical support. Veteran trader Peter Brandt has warned that the current structure still points lower. His focus is on the $58,000–$62,000 range, which he considers the next major area to watch following the recent breakdown. Peter Brandt Targets $58K–$62K Peter Brandt wrote that “58k to $62k is where I think it is going,” keeping his bearish view on Bitcoin. He…

PayPal outlines new tax reporting requirements for crypto users

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PayPal today confirmed that crypto users must report taxes using IRS Form 1099-DA, which the digital payments platform will send to users by Feb. 15 each tax year. Beginning with tax year 2025, PayPal is required to report proceeds from digital asset dispositions to the IRS on Form 1099-DA. The form covers transactions including sales or exchanges of crypto assets and PYUSD, PayPal’s stablecoin. Users who sold or exchanged crypto in their PayPal wallet during the applicable tax year will receive the form automatically. The IRS introduced Form 1099-DA to…

US CFTC Chair Names Crypto Lawyer as Senior Adviser

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Michael Selig named two people as senior advisers, one of whom helped with a law firm‘s letter that led to an SEC no-action letter on crypto custodians. Michael Selig, chair of the US Commodity Futures Trading Commission (CFTC), announced the appointment of a senior adviser with experience in litigating crypto and blockchain cases.  In a Tuesday notice, Selig said Michael Passalacqua, a former associate at international law firm Simpson Thacher & Bartlett, would join the CFTC as a senior adviser. Selig cited Passalacqua’s experience with “financial regulatory matters involving crypto…

Bitcoin Down 15%, Altcoins Crushed 70-90%

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One year into Trump’s presidency, Bitcoin is down ~15%, Ethereum ~8%, while many altcoins have plunged 70–90%. One year after Donald Trump’s inauguration as U.S. President, celebrated by supporters as a victory for the digital asset industry, the crypto market is deeply in the red. While Bitcoin (BTC) and Ethereum (ETH) have seen moderate losses, major altcoins have suffered drops of 40% to 50%, with smaller assets collapsing 70% to 90% from their inauguration day prices. This steep decline presents a complex picture for an industry that had banked…

Will Traders Buy The Dip?

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ETH sold off at the weekly open, but its net taker volume metric turned positive for the first time in years. Will bulls take notice of the signal and attempt to press Ether price higher? Ether (ETH) derivatives data has begun to highlight a structural shift. After nearly three years of sell-side dominance, ETH’s net taker volume has turned positive, possibly pointing to renewed interest from futures traders. Key takeaways: ETH Net Taker volume reached $390 million since Jan. 6, the largest buy imbalance since January 2023. Since 2023, positive…

Bitmine secures shareholder approval to increase authorized shares as ETH treasury expands

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Bitmine Immersion Technologies said shareholders approved a proposal to increase the company’s authorized share count, giving it added flexibility to support its long term Ethereum accumulation strategy. Proposal 2 passed with 81% of votes cast in favor, representing 52.2% of outstanding shares, following a vote at the company’s annual meeting on January 15, 2026. Chairman Tom Lee said the outcome signals investor support for BitMine’s capital strategy, adding that the company does not intend to issue shares below its modified net asset value, or mNAV. As of January 19, BitMine…

RedStone Expands Oracle Business with RWA Data and TokenizeThis Acquisition

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Blockchain oracle provider RedStone has acquired Security Token Market (STM) and its TokenizeThis conference, adding a large dataset on tokenized real-world assets to its existing oracle business. According to an announcement, the acquisition brings STM’s historical data, covering more than 800 tokenized products across equities, real estate, debt and fund structures, under RedStone’s ownership, along with control of the TokenizeThis conference brand. STM founder Herwig Konings will join RedStone as an adviser and head of TokenizeThis, while STM chief operating officer Jason Barraza will take on an institutional business development…

Mastercard weighs investment in ZeroHash after $2 billion acquisition talks fall through

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Mastercard is considering an investment in ZeroHash, a blockchain infrastructure firm, after talks to acquire the company for $2 billion fell through, according to a CoinDesk report. Fortune reported in October that Mastercard was planning to acquire ZeroHash for $2 billion, but the deal has since collapsed. A ZeroHash spokesperson told CoinDesk that the company is not seeking an acquisition by Mastercard but is weighing a commercial partnership instead. The ZeroHash team will remain independent, as leadership believes this structure best serves the company’s interests as it continues to innovate…

RedStone acquires Security Token Market to accelerate tokenized asset adoption

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RedStone, a prominent oracle provider that secures over $6 billion in onchain value across 110 blockchains, announced Tuesday it has acquired Security Token Market (STM.co), along with its TokenizeThis conference, to expand its US and institutional presence. RedStone co-founder Marcin Kaźmierczak said in a statement that the acquisition of STM could help them meet the growing demands of the onchain economy. It combines STM’s real-world asset (RWA) data and industry presence with RedStone’s oracle infrastructure to support crypto and institutional markets. “We are kicking off 2026, the year of tokenized…