Cryptocurrency markets struggled broadly in the second quarter of 2026, with declines across stablecoins, spot trading and derivatives, but prediction markets reached record highs.Spot trading volume across the top 10 centralized exchanges (CEXs) fell to $1.95 trillion in the second quarter of 2026, a 27.9% drop from $2.7 trillion in Q1, according to CoinGecko’s latest Crypto Industry Report published Thursday.CEX perpetual futures volume also declined 10% to $12.7 trillion, while the stablecoin market slipped 1.6% to $305.1 billion. In contrast, prediction markets recorded their strongest quarter on record with $113.8 billion in notional volume.The divergence highlights the growing role of…

EFF and ARTICLE 19 have submitted joint comments to the European Commission on draft guidelines for the Digital Services Act’s trusted flagger mechanism. Having long advocated for a DSA that protects freedom of expression while preserving intermediary liability protections and the prohibition on general monitoring, we welcome the Commission’s effort to provide practical guidance on how the trusted flagger system should operate.  The DSA’s trusted flagger system can help platforms identify illegal content more efficiently. But if implemented poorly, it could also encourage over-removal of lawful speech, weaken due process, and give government authorities disproportionate influence over online expression.  We…

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