The post Judge Who Ruled XRP Not a Security in Ripple Case Hands Kalshi ‘A Major, Major Loss’ in New York appeared on BitcoinEthereumNews.com.
Key Takeaways Judge Torres denied Kalshi’s injunction, ruling NY gambling laws aren’t preempted by the Commodity Exchange Act. The decision breaks with the Third Circuit’s April 2026 ruling that shielded Kalshi from New Jersey regulators. Kalshi posted a record $31 billion in June volume, raising the stakes as the case heads to motion-to-dismiss. Another Major Ruling From Torres U.S. District Judge Analisa Torres has denied prediction market exchange Kalshi a preliminary injunction against New York gaming regulators, Crypto in America journalist Eleanor Terrett reported. Torres found that New York’s gambling laws, as applied to Kalshi’s sports event contracts, are not preempted by the Commodity Exchange Act (CEA), the federal statute Kalshi has leaned on in courtrooms across the country. Image source: X The denial allows the case to proceed to t
The post ‘Major loss’: New York Court rejects Kalshi’s injunction request appeared on BitcoinEthereumNews.com.
Prediction market platform Kalshi has suffered a legal loss in New York. According to a court filing on the 7th of July, the firm was denied a preliminary injunction by Judge Analisa Torres of the Southern District of New York. Judge Torres maintained that gambling falls under the purview of local state oversight. The scope of laws regulating gambling and lotteries is clearly a matter of predominantly state concern. Additionally, Judge Torres clarified that federal law, the Commodity Exchange Act, does not preempt state gambling laws. Courts apply a presumption against preemption with respect to areas where states have historically exercised their police powers. Source: Court Listener She explained that such a presumption arises only when Congress legislates in a field traditionally governed by the states. In other words, federal authority applies only where Congress has
The post Satoshi Bitcoin lawsuit drops 44 wallets after on-chain activity appeared on BitcoinEthereumNews.com.
A New York lawsuit seeking legal ownership of dormant Bitcoin wallets has narrowed after several listed addresses moved funds. Summary Noah Doe’s legal team dropped 44 wallets after on-chain activity challenged the abandonment claim. The removed wallets held 21,443 BTC when the lawsuit started, according to Galaxy’s Thorn. Related filings and amicus briefs argue dormant self-custody does not prove Bitcoin was abandoned. Galaxy Research head Alex Thorn said the plaintiffs in the “abandoned bitcoin” lawsuit dropped 44 of 39,069 listed defendants. The case was filed by “Noah Doe” and two Wyoming entities seeking title to long-dormant Bitcoin wallets. Thorn said every removed wallet had moved coins on-chain since the case was filed. “Every single one had moved coins onchain since the case was filed,” he wrote in a July 8 thread on X. Meanwhile, the lawsuit asks the New York Supre
The post Ripple news: XRP Ledger v3.2.0 rollout gains ground but trails version its replacing appeared on BitcoinEthereumNews.com.
The XRP Ledger’s newest server software, v3.2.0, designed to make the network cheaper to run, more stable, and more attractive for institutional use, is gaining adoption. However, it has yet to overtake the previous version (3.1.3) across the wider network, and the key security fixes that come with it remain in the voting process. Of the approximately 833 active nodes on the XRP Ledger, the machines that store and relay the ledger, about 43% are running v3.2.0 and 51% are still on v3.1.3, XRPSCAN data shows. While overall node adoption appears relatively slow, validators, or entities that matter most to the network, have largely already upgraded. The XRP Ledger runs on a trusted set of validators known as the Unique Node List (UNL). For a new software version or amendment to activate, it needs sustained support from more than 80% of validators on that list
The post XRP Price Prediction: Bears Own the Chart — Can $1.06 Hold or Is $1.01 the Next Stop? appeared on BitcoinEthereumNews.com.
Caroline Bishop
Jul 08, 2026 07:35
XRP is trading at $1.09, pinned below every major moving average with a flatlined MACD and a sub-50 RSI — this is distribution, not accumulation. Without a decisive daily close above $1.12, the pat…
XRP’s Technical Reality Check Let’s not dress this up. XRP at $1.09 is a chart that has one story, and it’s not a bullish one. Price is sitting below the 7-day SMA at $1.13, below the 20-day SMA at $1.10, below the 50-day SMA at $1.18, and well below the 200-day SMA at $1.47. When you’re trading under every single meaningful moving average on the daily, you’re not “consolidating” — you’re in a controlled bleed with sellers defining every bounce. The MACD is the critical read right now. The histogram has zeroed out completely while both the MACD and signal lines are locked at -0.0162. This is not a bullish cro
The post Middle East Tensions Drive Oil Surge While Equities and Digital Assets Retreat appeared on BitcoinEthereumNews.com.
Key Highlights Bitcoin declined approximately 1% to roughly $62,657 following military exchanges between Washington and Tehran that elevated oil prices and strengthened the dollar Major altcoins including Ether, XRP, and Solana experienced losses ranging from 1% to 2.3% amid the escalating situation Equity indexes suffered losses with the Dow shedding more than 100 points, S&P 500 declining 0.5%, and Nasdaq dropping 1.2% Crude oil prices surged over 2%, propelling WTI beyond $72 per barrel while Brent crude climbed above $74 SpaceX shares dipped beneath their initial public offering valuation following Nasdaq listing as original stakeholders liquidated positions Washington executed military operations it described as “powerful strikes” against Iranian targets on Tuesday following Tehran’s assault on three merchant vessels navigating the Strait of Hormuz, among th
The post AngelList Shifts Gears, Halts Crypto Payment Support appeared on BitcoinEthereumNews.com.
AngelList, the prominent hub bridging startups and investors, has revealed a significant policy shift as it plans to discontinue support for cryptocurrency transactions. This decision, effective July 31, includes terminating its partnership with Ripple-powered payment service Rail, initially designed to facilitate easy crypto payments on the platform. Continue Reading:AngelList Shifts Gears, Halts Crypto Payment Support Source: https://en.bitcoinhaber.net/angellist-shifts-gears-halts-crypto-payment-support
The post Clearstream expands crypto custody with XRP, SOL, ADA, AVAX appeared on BitcoinEthereumNews.com.
Clearstream has expanded its institutional crypto custody service by adding six more digital assets. Summary Clearstream now supports eight crypto assets, widening institutional access beyond Bitcoin and Ether custody. The service uses Crypto Finance as sub-custodian, keeping the offering inside Deutsche Börse’s regulated structure. MiCA is pushing European institutions toward licensed custody, settlement, trading, and stablecoin infrastructure providers. Clearstream, the post-trade services provider owned by Deutsche Börse Group, said it now accepts Ripple-linked XRP, Cardano, Solana, Litecoin, Stellar, and Avalanche in its crypto custody offering. These assets join Bitcoin and Ether, which were already supported. The move gives institutional clients a wider list of crypto assets inside Clearstream’s custody system. The firm said the expansion responds to growing demand for MiCA-c
