Saturday, October 10

Business

Kalshi Traffic Jumps 1,520% as Market Share Expands

Major prediction market platform Kalshi has seen its US web traffic explode over the past year, underscoring the platform’s rapid growth while regulators and courts scrutinize its expanding event-contract business.Kalshi recorded 15.4 million visits from the United States in July,…

South Korean Regulators Introduce Tokenized Securities Roadmap

South Korea’s Financial Services Commission (SFC) introduced a three-phase roadmap to develop infrastructure for tokenized securities issuance, for assets including stocks, bonds and funds.Starting Feb. 4, 2027, tokenized securities will be legally recognized as digitized forms of securities after an…

AMC CEO Criticizes Robinhood’s Tokenized Stock Plan

Adam Aron, the CEO of AMC Entertainment Holdings, criticized Robinhood’s tokenized stock offerings that provide economic exposure to AMC shares, stating the company has no affiliation and that it will have a securities counsel investigate the matter.Robinhood’s stock tokens are…

Bitcoin ETFs Post Biggest Gains Since January as BTC Hits K

US-listed spot Bitcoin exchange-traded funds (ETFs) notched their biggest inflows in nearly eight months as BTC reclaimed $80,000.Bitcoin ETFs recorded $730.9 million in net inflows on Thursday, the largest daily haul since Jan. 14, when the funds attracted $843.6 million,…

El Salvador Used No Public Funds for Bitcoin: IMF

El Salvador used no public resources to accumulate Bitcoin after the first review of its International Monetary Fund (IMF) financing program in June 2025, according to the lender. In a Thursday statement, the IMF said documents supplied by Salvadoran authorities verified…

US, UK Launch Joint Crypto Scam Center Alliance

The United States and United Kingdom have formed a joint law enforcement alliance targeting scam centers involved in crypto and cyber-enabled investment fraud. On Thursday, the US Department of Justice announced that the US Attorney’s Office for the District of Columbia,…

Tinubu speaks on Africa’s new credit rating agency

President Bola Tinubu has welcomed the planned launch of the African Credit Rating Agency (AfCRA), saying Africa needs financial institutions that better understand the continent’s economies and risks. The African Union has announced that the agency will officially launch on…

Kraken, SoFi Link Up on Stablecoin and 24/7 Settlement

Kraken parent Payward has partnered with SoFi in a deal that will bring SoFiUSD to Kraken and connect the crypto platform to SoFi’s 24/7 dollar settlement network.Under the partnership, SoFi will use Kraken Prime as an additional source of digital…

Nvidia Acquires Hugging Face for .9B in AI Software Deal

Update (Sept. 3, 1:30 PM UTC): This article was updated to clarify details of the acquisition.Nvidia has agreed to acquire Hugging Face for $12.93 billion, extending its reach into the software and tools developers use to build artificial intelligence.The chipmaker…

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