Tag: Report

Trump Sues JPMorgan in Florida Court for $5B over Debanking Claims: Report

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The lawsuit was filed days after the president threatened on social media to sue the banking giant for debanking him weeks after his supporters attacked the US Capitol in 2021. US President Donald Trump has filed a lawsuit in Florida state court against JPMorgan, claiming that the banking giant terminated accounts connected to the president and his businesses “without warning or provocation.” According to a Thursday Bloomberg report, Trump filed a complaint in the Miami-Dade County state court, seeking $5 billion in damages from JPMorgan and its CEO, Jamie Dimon.…

A new Charles Schwab report offers fresh insights into the precarious state of Bitcoin and Ethereum

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Charles Schwab’s $10t research arm says crypto value clusters in base networks like Bitcoin and Ethereum, not infrastructure, and urges a 3-layer lens for the market. Summary The total crypto market cap was about 3.169 trillion dollars as of 31 December 2025, with the largest layer‑1 blockchains’ native assets representing 78% of this value.​ Schwab’s three defined sectors—foundational networks, infrastructure, and products—capture nearly 99% of total crypto market capitalization.​ In a universe of 300+ cryptocurrencies with monthly active users and market caps above 1 million dollars, foundational networks show the highest incidence of market caps above 100 million dollars, while…

Massachusetts Judge Bars Kalshi from Offering Sports Bets: Report

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The preliminary injunction against the predictions market platform came at the request of Massachusetts Attorney General Andrea Joy Campbell. Prediction markets platform Kalshi could face legal complications operating in the US state of Massachusetts after a judge reportedly ruled that residents could not use the website for sports betting. According to a Tuesday Reuters report, Suffolk County Superior Court Judge Christopher Barry-Smith said he would issue a preliminary injunction against Kalshi prohibiting the platform from offering sporting betting for residents without the required gaming license.  The ruling followed Massachusetts Attorney…

India Proposes Linking BRICS Central Bank Digital Currencies: Report

Key Notes According to two sources, India’s central bank wants BRICS nations to unify their CBDCs. The goal is to reduce reliance on the United States dollar. President Donald Trump has previously threatened tariff sanctions, a move that could be revived if this proposal passes. Two sources have reported that India has published a proposal for countries under the BRICS bloc to link their Central Bank Digital Currencies (CBDCs). The central bank of the Asian giant strongly believes that this move will facilitate cross-border trade and tourism payments. Ultimately, this…

White House May Drop Crypto Bill After Coinbase Withdrawal: Report

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The White House is considering withdrawing its support for crypto market structure bill following a similar move from crypto exchange Coinbase, according to Fox Business reporter Eleanor Terrett, citing a source close to the Trump administration. In a Sunday post on X, Terrett reported that the White House is furious over Coinbase’s decision to pull its backing for the Digital Asset Market Clarity Act, describing the move as a “unilateral” action that blindsided administration officials. “The White House is said to be furious with Coinbase’s “unilateral” action on Wednesday, which…

US Lawmakers Demand Ethics Safeguards for Market Structure Bill: Report

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Democratic leaders on key committees considering crypto market structure legislation are reportedly drawing a line in the sand over elected officials profiting off the industry. A number of Democratic lawmakers in the US Senate are reportedly pushing for conflict-of-interest guardrails in a crypto market structure bill under consideration. According to a Thursday report from Punchbowl News, Senate Democrats including Adam Schiff and Ruben Gallego demanded safeguards in the Republican-led Responsible Financial Innovation Act (RFIA) which would affect how US regulatory agencies and the government handles digital assets. The lawmakers reportedly…

Colombia orders exchanges to report Bitcoin, Ether and stablecoin users

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Colombia’s DIAN now forces crypto platforms to collect and report user and transaction data on Bitcoin, Ether, stablecoins and other assets under Resolution 000240. Summary DIAN’s Resolution 000240, issued Dec. 24, 2025, mandates exchanges, intermediaries and platforms to report detailed user and crypto transaction data from the 2026 tax year.​ Data must include identity details, tax IDs, volumes, units transferred, market values and net balances, aligning Colombia with the OECD’s Crypto-Asset Reporting Framework.​ Non-compliant operators face fines of up to 1% of undeclared transaction value, while Colombia ranks as the…

VanEck Predicts Bitcoin Could Reach $2.9 Million In New Long-Term Capital Report

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According to an ambitious research study published by asset manager and cryptocurrency exchange-traded fund (ETF) issuer VanEck, Bitcoin (BTC) could potentially reach a staggering price of $2.9 million per coin by 2050.  The insights come from Matthew Sigel, the firm’s Head of Digital Assets Research, and Senior Investment Analyst Patrick Bush, who have employed a valuation framework based on Bitcoin’s role in two primary total addressable markets: as a medium of exchange (MoE) and as a reserve asset for central banks. VanEck Projects 15% CAGR For Bitcoin In their analysis,…

Nike Quietly Dumped NFT Arm RTFKT: Report

Key Notes Nike reportedly sold its digital products unit RTFKT in December 2025. No buyer or deal terms disclosed, according to OregonLive. The NFT market cap sits near $2.78 billion, down over 67% year over year. Nike reportedly sold its digital products unit RTFKT in December 2025, about a year after shutting down the business. The exit from its high-profile digital bet comes as the company focuses back to core sports products. According to a recent report by OregonLive, the sale was effective Dec. 16. The buyer or share financial…

US Crypto Market Structure Bill could be Delayed until 2027: Report

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Investment bank TD Cowen reportedly warned that the 2026 midterm elections in the United States could pull support needed to pass a digital asset market structure bill under consideration in the Senate. According to reports, TD Cowen’s Washington Research Group said on Monday that the market structure bill, named the CLARITY Act when passed by the US House of Representatives in July but called the Responsible Financial Innovation Act in the Senate, was more likely to pass Congress in 2027, with final implementation potentially in 2029. According to the investment…