SEC Chair Paul Atkins said he anticipates the entire U.S. financial system will transition to blockchain-based infrastructure within the next two years. He added that the shift toward digital assets, tokenization, and broader market digitalization will be the next major phase — one that promises “significant benefits” in terms of transparency and risk management.
- 0 replies
- 0 recasts
- 0 reactions
After the U.S. imposed sanctions, Huione Pay — regarded as the largest money-laundering network operating in Cambodia — faced a severe bank run. On December 1, the company suddenly announced it would shut down operations until January 5 and begin a delayed repayment process. Long lines of users have since gathered outside its headquarters in Phnom Penh.
- 0 replies
- 0 recasts
- 0 reactions
Kalshi has completed a new $1 billion funding round at an $11 billion valuation, led by existing investors Sequoia and CapitalG, with additional backing from a16z, Paradigm, and others. The platform now claims an annualized trading volume of $50 billion and provides event contracts to users in more than 140 countries, though it still faces legal pushback from some U.S. state regulators.
- 0 replies
- 0 recasts
- 0 reactions