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In brief A Nevada judge denied Crypto.com’s injunction request to block state gaming regulations, contradicting an earlier ruling favoring Kalshi. The judge ruled Crypto.com’s sports contracts don’t qualify as “swaps” under federal law based on “outcome” versus “occurrence” distinctions. A legal expert called the ruling “completely fanciful” and predicts it will be overturned on appeal. It seems like the legal tide might be turning against prediction market companies in the fight against state regulators in the United States, with a Nevada federal judge denying Crypto.com’s request for relief last Thursday.Crypto.com, like current market leader Kalshi before it, had preemptively sued…

The native token of oracle network Chainlink LINK$21.75 encountered substantial institutional selling pressure over the 24-hour trading session, tumbling to its weakest price in more than a week.LINK tumbled 4% to a session low of $21.30, reversing over 8% from Monday’s local high, CoinDesk data shows. The decline happened in line with weakness in the broader crypto market. The CoinDesk 20 Index, a benchmark for that broader market market, was also down around the same amount.Meanwhile, the Chainlink Reserve, a facility that purchases tokens on the open market using income from protocol integrations and services, kept its weekly habit, buying…

Kingstown, St Vincent and the Grenadines, October 9th, 2025, Chainwire Fanable by Ethernal Labs, a Web3 marketplace for Pokémon, comic books, and digital collectibles, has successfully achieved $11.5 million in backing to accelerate growth and expand its ecosystem. Fanable – developed by Ethernal Labs – is backed by Michael Rubin (founder of Fanatics), Ripple, Steel Perlot, Polygon, Borderless, Morningstar, and others. Alongside this milestone, Fanable is partnering with the Collect Foundation to launch a point farming campaign for the upcoming $COLLECT token, bringing new utility and community engagement to the collectibles economy.  Fanable has quickly become a hub for collectors…

Binance open interest fell from $15.07B to $13.88B in three days, suggesting reduced leverage and caution after BTC’s rally to a new ATH. Today, the price of Bitcoin (BTC) fell back to about $120,000 after trying and failing to stay above $124,000. At the same time as this movement, open interest on Binance fell by 7.9%, with analysts describing it as an important metric showing traders are closing their positions and being more careful after the asset’s recent rise to a new all-time high (ATH). Open Interest Declines as Bulls Step Back Open interest in derivatives trading is the…

In brief Monad will open its MON token airdrop claim portal next Tuesday. Further details about the actual airdrop and mainnet launch will come “in the near future”, the company told Decrypt. The closely watched blockchain project has not yet revealed who qualifies for the airdrop, or details about MON’s token supply and distribution. The first step of Monad’s long-awaited token airdrop is finally arriving next week, the project announced Thursday.The Monad airdrop claim portal will open for users on Tuesday. The project has not yet revealed details about eligibility requirements for receiving allocations of the Monad token, MON, nor…

In brief Nearly every major social platform now relies on AI for ranking, ad targeting, moderation, and engagement optimization. A 2025 report found 96% of social media professionals use AI tools—72.5% daily—to generate and manage content. Analysts forecast the AI-in-social-media market to triple by 2030, embedding algorithmic influence deeper into online discourse. Large language models are learning how to win—and that’s the problem.In a research paper published Tuesday titled “Moloch’s Bargain: Emergent Misalignment When LLMs Compete for Audiences,” Stanford University Professor James Zou and PhD student Batu El show that when AIs are optimized for competitive success—whether to boost ad…

The governance token of the prominent decentralized lending protocol Aave AAVE$271.56 has faced substantial selling pressure through the past 24 hours, dipping briefly below the $270 level.The DeFi bluechip plunged 5% in the early Thursday session, sliding nearly 10% lower since this week’s high. It has modestly recovered later in the day U.S. hours, changing hands at around $272.The price action occurred amid a weak session for cryptocurrencies with bitcoin on the verge of breaking below $120,000. The broad market CoinDesk 20 Index was down more than 4% during the day.The technical picture shows bearish momentum for the DeFi major,…

Wall Street giant Citi (C) initiated coverage of crypto exchange OSL (0863) with a buy/high risk rating and a target price of 21.80 Hong Kong Dollars ($2.80), or 22 times projected 2025 price-to-sales. Citi said OSL is well positioned as a regulated digital-asset trading and payments platform, with strong growth prospects tied to institutional crypto adoption and stablecoin-related products. The bank projects revenue growth of 80%, 60% and 36% in 2025, 2026 and 2027, driven by payment finance (PayFi) expansion and a broader regulated market footprint.The firm’s analysts highlighted OSL’s regulatory-first strategy, noting its more than 50 licenses across 10…

An attempted bitcoin BTC$120,676.79 rally back toward a record high was quickly snuffed out and reversed in morning U.S. action on Thursday.Trading just below $124,000 just ahead of the opening of the stock market, bitcoin pulled back to below $121,000 about ninety minutes later. The action happened alongside pullbacks in previously red-hot gold and silver markets.Gold has been making most of the headlines of late, but the action in silver may have been today’s driver. Up 50% from the April lows, the metal hit $50 per ounce for the first time ever on Thursday. That level, though, spurred some fast…

A bill intended to establish a Bitcoin strategic reserve for the US state of Massachusetts received a tepid response after its first legislative action in eight months.In a Tuesday hearing of the Massachusetts legislature’s Joint Committee on Revenue, state Senator Peter Durant testified regarding the bill he sponsored, “an Act relative to a Bitcoin strategic reserve.” The lawmaker largely went over the logistical details of the bill, including having the state treasury use up to 10% of the Commonwealth Stabilization Fund to invest in crypto and allowing any Bitcoin (BTC) or digital assets seized by state authorities to be added…