Cryptocurrency Latest News & Updates
Bitcoin, Ether ETFs lose $1.65b as BlackRock withdrawals mount
U.S. Bitcoin and Ether ETFs have recorded $1.65 billion in combined net outflows during Nov. 2–6, with BlackRock’s IBIT losing money in every session despite a positive week for Fidelity’s competing Bitcoin fund. Summary Bitcoin ETFs lost $1.28 billion over five sessions, while Ether funds recorded $365.2 million in withdrawals. BlackRock’s IBIT shed $1.21 billion during the week, including $403 million in Friday’s session. Fidelity’s...
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Kalshi faces federal injunction over sports contracts on California tribal lands
Kalshi has been barred from offering sports-event contracts on the lands of two California tribes after a federal judge granted a preliminary injunction in a dispute over whether the platform’s contracts violate tribal gaming laws. Summary A federal judge has barred Kalshi sports-event contracts on specified California tribal lands through preliminary relief. Blue Lake Rancheria and Chicken Ranch Rancheria must submit boundary maps to Kalshi by...
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Kalshi hit with Arkansas lawsuit over unlicensed sports betting
Arkansas Attorney General Tim Griffin has filed a lawsuit against prediction market operator Kalshi, accusing the company of offering illegal gambling services to state residents without the licenses and oversight required under Arkansas law. Summary Arkansas Attorney General Tim Griffin sued KalshiEX LLC and Kalshi Inc. on November 4, accusing the prediction market of operating an illegal gambling platform. The lawsuit alleges Kalshi allowed Ark...
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