Connecticut targets Kalshi, Robinhood, and Crypto.com for offering illegal sports wagers

Connecticut has issued cease-and-desist orders to Kalshi, Robinhood, and Crypto.com, mandating them to halt unlicensed online gambling activities related to sports events contracts. This action underscores the state's regulatory stance on online gambling and its implications for these firms.

Chainlink (LINK) has gained significant attention following the launch of the first U.S. Chainlink-focused ETF by Grayscale, which resulted in a price surge of over 20% within 24 hours, bringing LINK to approximately $14.4. The ETF, which debuted on NYSE Arca, recorded more than 1.17 million shares traded on its first day, indicating strong market participation and interest.

Hyperliquid's HIP-3 market has achieved a significant milestone, with trading volume surpassing $5 billion. This surge is attributed to the platform's expansion into custom perpetuals for synthetic assets and technology stocks, enhancing its offerings in the cryptocurrency sector.

BlackRock has identified the rising US national debt as a significant factor that could drive the adoption of cryptocurrency, highlighting fiscal risks as a catalyst for investors seeking alternative assets. This perspective aligns with the company's broader strategy to integrate digital assets into traditional financial frameworks.

Yi He has been appointed as co-CEO of Binance, joining Richard Teng to lead the company's global growth and innovation strategy. This leadership change is part of Binance's efforts to adapt to the evolving cryptocurrency landscape and enhance its operational capabilities.

Fin, a company founded by former Citadel engineers, has successfully raised $17 million in a Series A funding round to launch its stablecoin payments product on the Solana blockchain, aiming to facilitate fast and cost-effective transactions.

Solana Mobile has announced plans to launch the SKR token in January 2026, with a total supply of 10 billion tokens. The distribution strategy includes allocations for airdrops, growth initiatives, and liquidity support, aiming to enhance the overall ecosystem of Solana Mobile.

Charles Schwab's CEO has expressed openness to acquiring cryptocurrency companies if the pricing is favorable, a move that could significantly alter the brokerage landscape and enhance competition in the sector. This potential shift indicates a growing interest from traditional financial institutions in the cryptocurrency market.