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Crypto.com's Plan to Trade Against Users Puts "No House" Model Under Scrutiny
Crypto.com is building an internal market-making team with the stated goal of profiting from trading on its own prediction market, Bloomberg reports.
This move might raise significant conflict-of-interest questions for the CFTC-regulated platform and challenge the industry's core promise of having "no house."
The company is actively hiring a "quant trader" to join a team.
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Binance Affiliate Trust Wallet Hacked, but CZ Assures $7M Loss Compensation
Trust Wallet, a crypto wallet owned by Binance founder Changpeng Zhao, has been compromised, resulting in the confirmed theft of at least $7 million in cryptocurrencies. Zhao, better known as CZ, confirmed that the wallet platform will cover the losses of all affected users.
According to crypto investigator ZachXBT,
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“UK Parliament Wasn’t Skeptical of Crypto — It Was Unfamiliar with It,” Lessons From FMLS:25
Speaking at the Finance Magnates London Summit (FMLS:25), former MP and UK-US Crypto Alliance founder Dr Lisa Cameron warned that the UK risks forfeiting its ambition to be a crypto hub unless lawmakers move faster on regulation and education.
She
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Ethereum’s Vitalik Buterin Defends Prediction Markets, Calling Them ‘Healthier’ Than Stocks
Ethereum co-founder Vitalik Buterin has pushed back against growing criticism of prediction markets, arguing that their risks are overstated and often comparable to those already present in traditional financial markets.
His comments come amid intensifying scrutiny of the sector, with critics warning about the potential for market manipulation and the creation of perverse
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Spain to Enforce MiCA and DAC8 in 2026, Ending Crypto’s Regulatory Grey Area
Spain is moving to close the regulatory gap for crypto firms. From 2026, MiCA and DAC8 will bring digital asset providers under the same licensing and reporting regime as traditional financial institutions, reshaping competition in one of Europe’s largest markets.
The country will begin enforcing the DAC8 directive on tax reporting from 1 January 2026, followed by the full
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Bybit Pulls Back in Japan as Crypto Regulation Forces Tough Choices
Bybit will begin restricting access to its platform for residents of Japan from next year as it moves to align more closely with the country’s financial regulations.
The exchange, one of the largest globally by trading volume, attributed this step as a compliance measure rather than a sudden exit, signaling a controlled wind-down of Japanese exposure.
"As part of our proactive
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“Third-Party Dependencies Are the Biggest Friction for Stablecoins,” Insight from FMLS:25
As stablecoins mature, financial institutions are exploring ways to integrate them into everyday operations, moving beyond pilot programs toward real-world applications, panelists said at the Finance Magnates London Summit 2025.
The session, “Stablecoins for a Destabilized World: Use Cases in Financial Services,” brought together Jas Shah, independent product strategist; Luke Dorney,
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CySEC Confirms February Deadline for Crypto Firms Seeking MiCA Approval
The Cyprus Securities and Exchange Commission has reminded Crypto-Asset Service Providers operating in Cyprus of the deadline to apply for authorisation under the Markets in Crypto-Assets Regulation.
According to CySEC, the deadline for submitting an application under MiCA is 27 February 2026. The regulator referred to its earlier announcement, which outlined the transitional
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CME-FanDuel New Prediction App Lets Users Wager on S&P 500, Oil and Sports Results
Sports betting operator FanDuel has teamed up with CME Group to launch a mobile app where users can trade on real-world outcomes, including financial market moves and sports results. The project connects the prediction markets and entertainment, bringing users into the event-based contracts space.
According to the announcement, FanDuel Predicts began its first phase across five U.S.
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As Sub-Saharan Africa’s Crypto Flows Top $200 Billion, Ghana Lays Down the Rules
Ghana has taken a major step toward embracing the digital economy by formally legalizing cryptocurrency trading. The move marks a turning point for the country’s crypto sector as lawmakers establish clear oversight for an industry long operating in legal uncertainty.
The Ghanaian parliament passed the Virtual Asset Service Providers Bill, granting the Bank of Ghana (BoG) authority to
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How Coinbase Is Building a Gateway to Everything in Finance
Coinbase is no longer positioning itself as a crypto-only exchange. The company is assembling an integrated, multi-asset platform designed to keep capital, activity and users within a single system.
That shift is backed by scale. Assets on the platform have increased fivefold over the past three years, surpassing $500 billion by late 2025. Coinbase is using it as the foundation for an
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Binance Let $1.7B Flow Through Terror-Linked Accounts, Even After Paying Billions: Report
Binance allowed hundreds of millions of dollars to move through suspicious accounts even after promising to strengthen compliance as part of a $4.3 billion US criminal settlement in 2023, according to an exclusive Financial Times (FT) investigation.
Binance Let Suspicious Accounts Trade After $4.3B US Settlement
Internal files
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Terraform Administrator Sues Jump Trading for $4 Billion, Alleging Role in Terra’s Collapse
The court‑appointed administrator of Terraform Labs has sued Jump Trading, alleging the high‑speed trading firm illegally profited from and helped fuel the Terra ecosystem’s $40 billion collapse.
The complaint, filed in federal court in Illinois, seeks $4 billion in damages from Jump, its co‑founder William DiSomma and former Jump Crypto president Kanav Kariya, the Wall Street Journal
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CySEC Imposes New Reporting Rules on Crypto Firms for MiCA Compliance
The Cyprus Securities and Exchange Commission has launched a consultation on a proposed Directive requiring Crypto-Asset Service Providers to submit prudential and financial information.
The initiative follows a previous CySEC consultation on proposed fees and
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Coinbase Asks Courts to Bar States From Regulating Prediction Markets
Coinbase has sued Connecticut, Illinois and Michigan in federal court, arguing that state officials are unlawfully trying to regulate prediction markets as gambling products.
The crypto exchange wants judges to confirm that event-based contracts on its
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