Pump-Pain Spreads: Retail Sales Soar To Record High, Sentiment Sits As Record Low

It's A Gambling Platform "Plain And Simple"; New York Sues Kalshi Authored by Olivier Acuna via CoinDesk.com, New York sued prediction-market Kalshi, alleging it offers sports and event wagers in the state without a gaming license. The petition, filed in the New York Supreme Court on Friday, asks a judge to bar the company from operating an unlicensed gambling business and seeks an accounting of customer bets, losses and company gains, plus restitution, damages and civil penalties. The state is seeking a penalty equal to three times Kalshi’s gains from the activity, plus $100,000 for each...

"A Bridge Too Far": Middle East Set For A Massive Escalation By Michael Every of Rabobank Unless things change dramatically, the Middle East seems set for massive escalation. President Trump yesterday warned every missile, rocket, or drone Iran fires at ships in Hormuz will be met with the destruction of an Iranian bridge or power plant. This morning, the IRGC says a tanker is on fire after an explosion in the strait and Kuwait is under drone attack. Moreover, the Houthis claimed attacks on two Saudi tankers in the Red Sea, raising the...

Alleged White-Hat Hackers Withdraw 4,000 Bitcoin From Blockstream's Liquid Network Federation Reserves Authored by Juan Galt via BitcoinMagazine.com, The Liquid Network said Sunday that purported white-hat hackers withdrew about 4,000 bitcoin, worth about $320 million, from the federation wallet that backs L-BTC. Bridge nodes were disabled, and the sidechain was paused. Other issued assets, including USDT, DePix and RWAs, were unaffected, the official account said on X. The Liquid Network is a federated sidechain of Bitcoin, founded by Adam Back’s Blockstream. The Liquid chain issues a variety of assets such as LBTC, which...