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Lawyers representing the US city of Detroit plan to file an amicus brief in Coinbase’s lawsuit against Michigan, which argues that federal regulators should have authority in overseeing prediction markets and not states. In a Thursday filing in the US District Court for the Eastern District of Michigan related to state officials’ motion for a preliminary injunction, District Judge Shalina Kumar approved an order which will allow Detroit to file a brief supporting state authorities in their lawsuit against Coinbase. Kumar gave Detroit’s lawyers until April 3 to make the filing as the lawsuit continues. Source: US District Court for the Eastern…
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In the early 2000s, I spent much of my time over the course of several years fighting the incursion of religion into science classes in the United States. At the time, the main target of religious fundamentalists was evolution. Well-funded groups at places like the Discovery Institute were trying to insert the religious concept of Intelligent Design (ID) into high school science classes on an equal footing with biological evolution—in spite of a lack of evidence in favour of the notion that the current complexity in biological species required divine intelligence to arise, and a massive amount of counter-evidence that…
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In brief California public officials are banned via executive order from using inside information to make money on prediction markets. The ban extends to…
from the it-was-always-a-shakedown dept Remember when Elon Musk told advertisers to “go fuck” themselves and then sued them for the crime of taking his…
Bitcoin fell another 3% in 24 hours, dropping below $67,000 for the first time since March 9. The decline sparked more than $50 million…
Negative reactions to cryptocurrency exchange Coinbase using its notifications to push bets on event contracts amid the March Madness basketball tournament range from “annoying”…
Since the Iran war began, the market narrative has been simple: the oil spike, inflationary impulse and wider market volatility will be temporary and…
Key takeaways:Robert Kiyosaki’s $750,000 Bitcoin target implies a 95% discount versus gold, which is lower than the 2024 peak.$750,000 Bitcoin might not be that…
In brief Cynthia Lummis (R-WY) said the Senate will mark up the Clarity Act in April, with Bernie Moreno (R-OH) warning it must pass…
from the serial-killings dept The boat strike program the Trump administration is engaged in isn’t actually supported by law. Even his own in-house counsel…
U.S. Immigration and Customs Enforcement (ICE) launched a yearlong $100 million recruitment campaign late last year. From removing age limits for applicants to offering…
Welcome to our institutional newsletter, Crypto Long & Short. This week:Ruchir Gupta on how we’re moving toward a true fixed-income market for crypto-native yield.Clara…
Bitcoin (BTC) broke its longstanding correlation with tech stocks as the US–Iran war dragged into its third week.Key takeaways:Bitcoin is outperforming tech stocks amid…
In brief Citi downgraded Gemini from Neutral to Sell, saying it’ll be years before the exchange achieves profitability. GEMI stock was recently down more…