The stories attracting the most readers across The Token Press.
A federal judge has temporarily stopped Connecticut from enforcing its gambling order against Kalshi, giving the platform a brief legal reprieve. Kalshi maintains that its event contracts fall under the exclusive jurisdiction of the CFTC rather than state gambling laws. The dispute adds to a growing series of legal battles as multiple states challenge how prediction markets should be regulated.
Bitget’s Jamie Elkaleh says retail traders and quants are driving rapid DEX adoption, with platforms like Hyperliquid and Aster achieving record volumes. Still, institutions prefer CEXs for fiat access and compliance, making hybrid models the likely future of crypto trading.
Bitcoin briefly slipped below $88,000 amid weekend selling pressure, prompting renewed market caution. Michael Saylor hinted that Strategy may buy more BTC during the dip, even as analysts debate whether Japan’s looming rate decision poses further downside risk.
Cathie Wood’s ARK Invest bought over $5 million in Bullish shares following the exchange’s U.S. launch and regulatory approval across 20 states. Bullish, backed by Block.one and led by Tom Farley, has processed $1.5 trillion in global trades and is emerging as one of the most prominent regulated exchanges in the crypto industry.
Core DAO is coordinating an emergency hard fork after validators received excess CORE rewards, prompting Coinbase and other exchanges to restrict transfers.
The EU’s 19th sanctions package takes aim at cryptocurrency platforms for the first time, banning Russian crypto transactions amid fears of sanction evasion. At the same time, Ukraine is moving in the opposite direction, with lawmakers drafting a bill to establish a national Bitcoin reserve as part of its financial defense strategy.
US IPOs underperformed the S&P 500 in 2025 as crypto and AI listings delivered uneven returns after debut. While some firms saw strong openings, weak follow-through reinforced a market shift toward selectivity and fundamentals over speculative growth stories.
Coinbase CEO Brian Armstrong said the new futures index is part of building an “everything exchange,” tied to the firm’s broader “everything app” strategy. In July, Coinbase rebranded its wallet as the Base app, aiming to merge trading, payments, social media, and messaging in one platform.
Stablecoin transaction speed has doubled, allowing more activity without increasing supply. Standard Chartered says this could limit future demand for new tokens despite rising usage. Still, the market is expected to grow significantly, with projections reaching $2 trillion by 2028.
Nebula3 (SN3) will debut on Binance Alpha on March 11, giving users an early look at the GameFi project before wider exposure. According to Binance’s official announcement, eligible users will also be able to claim an SN3 airdrop using Binance Alpha Points once trading opens.
A new report says the Central African Republic’s crypto initiatives benefited political elites and foreign actors while failing to deliver financial inclusion. Weak infrastructure, regulatory gaps and underperforming projects instead exposed the country to corruption and criminal influence.
Alexander Ray, a Web3 infrastructure builder and CTDG partner, has passed away, leaving a lasting impact on Solana staking and regulated DeFi. His work on JPool, Albus Protocol and institutional blockchain infrastructure continues to shape the ecosystem he helped build.
Visa has launched a global stablecoin advisory unit to help banks and fintechs deploy dollar-backed tokens for payments. The move reflects how stablecoins have become crypto’s most widely adopted use case, while Bitcoin increasingly settles into a store-of-value role rather than a payments rail.
Kyrgyzstan’s President falsely claimed CZ proposed founding a private bank in the country. CZ immediately denied the statement, clarifying no such plan exists. The misinformation overshadowed Kyrgyzstan’s legitimate blockchain initiatives and highlighted the need for accuracy and credibility in national crypto policymaking.
Coinbase’s David Duong predicts that crypto treasury firms may soon engage in mergers and acquisitions as competition tightens. While share buybacks have become common, they don’t always guarantee success. With DATs holding billions in Bitcoin, Ether, and Solana, the next phase of the cycle could see fewer but stronger players dominating the landscape.
The SEC’s Division of Investment Management has issued a no-action letter allowing advisers to use state trust companies as crypto custodians, marking an interim step toward custody rule modernization. While the move was praised by Commissioner Hester Peirce, Senator Cynthia Lummis, and industry analysts, Commissioner Caroline Crenshaw criticized it as bypassing formal rulemaking and disadvantaging federally chartered firms.
Tether CEO Paolo Ardoino denied rumors of a Bitcoin sell-off, confirming the firm is still allocating profits into BTC, gold, and land. The confusion stemmed from a 19,800 BTC transfer to Twenty One Capital (XXI), not a sale, according to Jan3 CEO Samson Mow. Meanwhile, El Salvador announced a $50 million gold purchase, its first since 1990, as part of a diversification strategy.
DBS and Citi used tokenized deposits for a weekend US-dollar payment on Swift’s ledger, testing faster transfers between Singapore and New York.