Quick Summary: The Justice Department and CFTC sued Illinois, Arizona, and Connecticut to assert federal authority over sports-related prediction market platforms. The Justice Department and the Commodity Futures Trading Commission filed lawsuits on Thursday against Illinois, Arizona, and Connecticut, asserting that federal law grants the CFTC exclusive authority to regulate sports-related wagers on prediction market platforms. The legal action represents the Trump administration’s most direct intervention yet in an ongoing dispute between federal regulators and state authorities over the fast-growing sector. Platforms named in the broader dispute include Polymarket, Kalshi, and Crypto.com.Over the past year, a growing number of states…
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Quick Summary: Postquant Labs has launched Quip Network, a testnet that replaces Bitcoin’s hash-based mining with quantum-solvable optimization problems. Postquant Labs has unveiled what it describes as the first publicly available quantum-classical blockchain testnet, called Quip Network. The platform allows participants to mine cryptocurrency using quantum computers alongside conventional CPUs and GPUs. Rather than competing to solve the hash-based calculations central to Bitcoin mining, participants on Quip Network compete to solve optimization problems. The testnet went live on Thursday, April 2, 2026.The company, founded in 2024, partnered with D-Wave Systems, based in Burnaby, Canada, to run portions of Quip Network’s…
Quick Summary: Physicists at Loughborough University have designed a brain-inspired chip that processes time-varying data in hardware, potentially cutting AI energy use by 2,000 times. Researchers at Loughborough University have developed a new chip that could dramatically reduce the energy consumed by artificial intelligence systems. The device is designed to process data that changes over time directly within the hardware itself, bypassing the constant back-and-forth movement of information between memory and processor that characterises conventional AI systems. The team argues the chip could be up to 2,000 times more energy efficient than existing software-based approaches. The findings have been published…
Quick Summary: Soluna Holdings closes a $53 million deal to acquire a 300 MW Texas wind farm to power its Project Dorothy 3 AI data center campus. Soluna Holdings, a publicly traded Bitcoin mining and AI infrastructure company focused on renewable energy, has closed a $53 million acquisition of a wind farm in Briscoe County, Texas. The purchase is intended to supply power to the company’s upcoming Project Dorothy 3 AI data center campus. Shares of Soluna rose approximately 7.6% following the announcement, trading at around $0.76.The Briscoe Wind Farm carries a potential capacity of up to 300 megawatts, according…
Quick Summary: SoFi Technologies has launched Big Business Banking, letting companies manage fiat and crypto in one regulated system with stablecoin support. SoFi Technologies has introduced Big Business Banking, a platform designed to let companies handle both traditional currency and digital asset transactions within a single regulated environment. The announcement, made on Thursday, describes a system that allows businesses to hold deposits, move funds and settle transactions at any hour using either fiat or crypto. The offering consolidates functions that have historically been distributed across banks, custodians and separate crypto service providers.A notable feature of the platform is support for…
Quick Summary: Coinbase has received conditional approval from the OCC for a national trust company charter, moving it closer to becoming a federally regulated crypto custodian. Coinbase has obtained conditional approval from the Office of the Comptroller of the Currency for a national trust company charter, marking a significant milestone in the company’s effort to establish itself as a federally regulated custodian of digital assets. The preliminary approval signals regulatory openness to granting the crypto exchange a formal institutional standing under federal oversight. However, the approval comes with a series of requirements that Coinbase must satisfy before a full charter…
Quick Summary: The CFTC has sued Illinois after the state moved to close sports-related prediction market products, escalating a federal-state jurisdiction dispute. The Commodity Futures Trading Commission has filed a lawsuit against Illinois following the state’s attempt to shut down sports-related prediction market products offered by prediction market providers. The legal action marks a significant escalation in an ongoing dispute between federal and state authorities. At the heart of the conflict is the question of which level of government holds regulatory authority over these financial products.The lawsuit represents the latest development in a prolonged back-and-forth between the federal regulator and…
Quick Summary: Ethereum co-founder Vitalik Buterin has detailed a locally run AI system with strict human approval controls to protect privacy and prevent unauthorized transactions. Vitalik Buterin, co-founder of Ethereum, has published a blog post outlining the personal artificial intelligence setup he describes as both private and secure. The post, published Wednesday, goes beyond his earlier public statements on AI by offering a detailed account of how he has implemented those principles in practice. In February, Buterin had sketched a four-quadrant Ethereum-AI roadmap covering private AI use, agent markets, and governance, but this latest post provides a more granular look…
Quick Summary: Coinbase has received conditional approval for a national trust bank charter from the OCC, enabling federal regulatory uniformity for asset custody. Coinbase has received conditional approval for a national trust bank charter from the Office of the Comptroller of the Currency (OCC), the San Francisco-based crypto exchange announced in a blog post on Thursday. The company was clear that the development does not transform it into a commercial bank. Instead, the charter is intended to provide federal regulatory uniformity as Coinbase custodies various types of assets on behalf of its customers.The approval reflects a broader trend of crypto-native…
Quick Summary: The US Office of the Comptroller of the Currency has conditionally approved Coinbase’s application for a national bank trust charter after six months. The US Office of the Comptroller of the Currency has granted conditional approval to cryptocurrency exchange Coinbase for a national bank trust charter, following roughly six months of review. The development was announced by Coinbase chief legal officer Paul Grewal in a post on X on Thursday. The OCC website had not yet reflected the change at the time of publication, still listing the application as received.Coinbase’s approval follows a series of similar decisions issued…
