Nevada District Court Judge Jason Woodbury issued a 14-day temporary restraining order (TRO) against Kalshi on Friday, effectively halting its operations in the state.The Nevada Gaming Control Board (NGCB) argues that Kalshi is facilitating unlicensed gambling, particularly through contracts related to sports, elections, and entertainment.The regulatory blow comes just as Kalshi reportedly reached a $22 billion valuation following a fresh $1...

Gold prices fell 11% this week to approximately $4,488 per ounce, recording the metal’s worst weekly performance since 1983. The decline was driven by a strengthening U.S. dollar, rising inflation expectations due to the Iran conflict, and the Federal Reserve signaling fewer rate cuts for 2026. Bitcoin (BTC) has diverged from the precious metal, rising 11.6% since the start of the conflict to trade near $70,500. Gold has just...

Senators Thom Tillis and Angela Alsobrooks reached an agreement in principle to resolve a month-long dispute over stablecoin yield. The compromise prohibits rewards on passive balances but allows activity-based incentives tied to payments and platform use. The deal aims to prevent “deposit flight” from traditional banks while preserving room for crypto innovation. A significant legislative hurdle for the Digital Asset Market...

Kaspa (KAS) rose approximately 4% in 24 hours, reaching a $1.1 billion market capitalization while outperforming major PoW assets like Litecoin. The Igra Network mainnet launch on March 19 introduced a decentralized EVM-compatible execution layer, enabling smart contracts on Kaspa’s BlockDAG. A major covenant-centric hard fork is scheduled for May 5, 2026, aimed at introducing native assets and advanced transaction logic. The Kaspa...

Bank of America economists have outlined a contingency path for a Federal Reserve rate hike, despite still viewing rate cuts as the most probable outcome. The report highlights surging energy costs and persistent inflation risks stemming from the ongoing conflict in the Middle East as primary catalysts for a policy shift. Analysts identified three specific conditions: an extended tenure for Chair Jerome Powell, unemployment remaining below...