Author: James Wilson

A US federal judge in San Francisco has temporarily blocked Pentagon action against Anthropic, giving the AI company short-term relief in its fight with the Trump administration.  Summary Judge Rita Lin paused Pentagon action against Anthropic and blocked the federal Claude stop-use order. Anthropic sued after the Pentagon labeled it a supply chain risk during contract dispute talks. The ruling keeps pressure on Washington as Anthropic defends limits on military and surveillance use. The ruling keeps federal agencies from enforcing a stop-use order against Claude for now and places the legal focus on whether the government acted beyond its authority.…

Vietnamese authorities have opened a wide fraud case tied to the ONUS crypto ecosystem after detaining several suspects and accusing them of using token promotions and controlled trading to take investor funds.  Summary Vietnam detained ONUS-linked suspects after police alleged token promotions and market control were used deceptively. Authorities said the case involved VNDC, ONUS, and HNG tokens promoted through the platform directly. Vemanti said it hired US legal counsel after reports named two board members in indictments. The case puts fresh focus on crypto enforcement in one of the world’s busiest retail digital asset markets. Vietnam’s Ministry of Public…

Binance Australia Derivatives has been ordered to pay a A$10 million civil penalty after Australia’s Federal Court found failures in how the platform classified clients for crypto derivatives trading.  Summary Australia fined Binance A$10 million after 524 retail clients were wrongly classified as wholesale investors. ASIC said Binance let users retry quizzes without limits, weakening checks for complex derivatives access. Binance had already paid A$13.1 million in compensation before the court imposed the new penalty. The ruling adds to earlier compensation paid to affected users and comes as Binance faces pressure in other markets in the region. The Australian Securities…

Worldcoin price has dropped over 30% this month as market sentiment remains risk-off amid geopolitical tensions in the Middle East. Summary Worldcoin price declined sharply amid risk-off sentiment driven by Middle East tensions, with the token down over 30% this month. Exchange inflows surged as $26 million worth of WLD moved to centralized platforms, increasing concerns over potential selling pressure. Bearish technical indicators and a descending channel pattern point to further downside risk, with a break below key support exposing a drop toward $0.20. According to data from crypto.news, Worldcoin (WLD) was trading at $0.27 last check on Friday, March…

GameStop said it did not sell the 4,709 Bitcoin tied to its January balance sheet change.  Summary GameStop pledged 4,709 BTC with Coinbase Credit and kept economic exposure instead of selling outright. The covered-call strategy generated premium income but capped upside if Bitcoin rises above strike prices. GameStop reclassified the pledged Bitcoin and recorded digital asset receivables on its balance sheet. Instead, the company used the holdings in a covered-call arrangement with Coinbase Credit, according to its latest annual filing. GameStop’s latest 10-K filing showed that the company still kept exposure to the Bitcoin it bought in 2025. The filing…

US spot Bitcoin exchange-traded funds posted their largest daily outflows in weeks on Thursday, as Bitcoin fell below $70,000 and market risk stayed elevated.  Summary US spot Bitcoin ETFs recorded $171 million in outflows, the largest daily withdrawal since March 3. BlackRock, Fidelity, ARK, and Grayscale led withdrawals as Bitcoin dropped below the key $70,000 level. Despite Thursday outflows, US spot Bitcoin ETFs still attracted $1.36 billion in March net inflows. The sell-off came after a strong month for US-listed Bitcoin ETFs, which had already attracted fresh capital in March. US spot Bitcoin ETFs recorded $171 million in net outflows…

Tether has moved closer to a full financial review of USDT as it prepares for wider regulatory scrutiny in the United States.  Summary Tether hired KPMG for its first full USDT audit and engaged PwC to prepare systems. The audit would review assets, liabilities, and controls beyond the reserve attestations issued since 2022. Tether’s audit push comes as it weighs US expansion and a possible major equity raise. The step follows a report that the company hired KPMG for its first full audit and brought in PwC to help organize its internal systems ahead of that process. The Financial Times…

US Representative Maxine Waters has asked the Federal Reserve Bank of Kansas City to explain its decision to approve Kraken Financial’s limited-purpose master account.  Summary Maxine Waters asked the Kansas City Fed to explain Kraken Financial’s master account approval terms. Waters asked which Federal Reserve services Kraken can access and what restrictions apply to usage. Kraken’s approval renews debate over crypto firms seeking direct access to core US payment rails. Her request puts fresh attention on how crypto-linked firms may gain access to the US payment system and what safeguards apply when the Federal Reserve reviews those applications. Waters, the…

U.S. spot Ethereum exchange-traded funds recorded seven straight days of outflows with over $390 million leaving the funds.  Summary U.S. spot Ethereum ETFs logged a seventh straight day of outflows, with over $390 million withdrawn amid weakening institutional demand. Capital rotation into BlackRock’s staked ETH ETF and safe-haven assets like gold reflects a broader risk-off sentiment tied to geopolitical tensions. Ethereum remains under pressure, down sharply from yearly highs, though declining exchange balances point to ongoing accumulation. According to data from SoSoValue, the 10 spot ETH ETFs saw $92.54 million in net outflows on Thursday, March 26, primarily led by…

David Sacks has ended his 130-day term as the White House’s crypto and AI czar, but he is staying involved in technology policy through a new advisory post.  Summary David Sacks ended his czar term and moved into a broader White House technology advisory role. Sacks will co-chair PCAST and continue shaping AI and digital asset policy recommendations there. PCAST brings together top tech leaders as Trump pushes one national rulebook for AI policy. The change keeps him close to the administration’s work on AI and digital assets while expanding his role to cover a wider set of technology issues.…