Tennessee regulators have ordered three major prediction market platforms—Polymarket, Kalshi, and Crypto.com—to halt sports-related wagers and refund customers, escalating a legal battle over whether these markets constitute federally regulated event contracts or state-regulated gambling. The companies’ defiance of similar state bans and the massive financial stakes involved—with Kalshi alone processing $23.8 billion in sports market volume last year—set the stage for a jurisdictional clash that appears destined for the Supreme Court.
about Tennessee Bans Crypto Sports Betting, Supreme Court Battle LoomsDUNE
0 in Finance and 0 in Crypto last weekCrypto Retention Challenge: Why Users Leave After First Month
While the crypto industry excels at attracting new users, a critical vulnerability has emerged in its ability to keep them engaged. Data from prediction markets reveals a stark reality: retaining active users beyond the initial month is one of the sector’s most formidable challenges. However, amidst this widespread struggle, the performance of prediction market platform Polymarket stands out as a notable exception, offering a potential case study in sustained engagement.
about Crypto Retention Challenge: Why Users Leave After First MonthTether’s $181B Paradox: USDT Growth Amid Market Share Decline
Tether’s USDT has experienced a paradoxical scenario where its absolute supply surged to $181 billion while its market dominance declined significantly. This shift coincides with Europe’s MiCA regulatory enforcement, revealing complex market dynamics beyond simple regulatory displacement. The data shows USDT’s remarkable growth story unfolding alongside changing competitive landscapes.
about Tether's $181B Paradox: USDT Growth Amid Market Share DeclineEthereum Options Turn Bearish Despite Strong ETF Inflows
Ethereum markets are experiencing a significant divergence between bearish derivatives activity and bullish institutional ETF flows. Options data shows a surge in put buying, with traders targeting specific price levels ($3600-$3800 for near-term and $4000-$5000 for late September) indicating expectations of a correction. This defensive positioning contrasts with substantial ETF inflows totaling $4.95 billion in August and early September. Meanwhile, Ethereum has seen net outflows from staking and a 12% price decline from its August 24 all-time high of $4,955, suggesting profit-taking activity. The market split reflects short-term caution against long-term institutional accumulation, creating a complex landscape for the second-largest cryptocurrency currently trading at $4,368.
about Ethereum Options Turn Bearish Despite Strong ETF InflowsTAC Token Launches with $800M TVL on New Mainnet
TAC has officially launched its public mainnet and native token, TAC, now listed on exchanges like Bybit, Bitget, and Kraken. The blockchain, designed to bridge EVM dApps with TON and Telegram’s ecosystem, has already attracted $800M in TVL through its liquidity campaign. Leading DeFi protocols such as Curve, Bancor, and Morpho are live on the network. TAC serves as the gas token, secures the network via DPoS, and enables governance. Backed by $11.5M in funding and partnerships with LayerZero and Babylon, TAC aims to scale DeFi within Telegram’s billion-user ecosystem.
about TAC Token Launches with $800M TVL on New MainnetPUMP Token Debuts at $5.6B FDV, Drops 7.3% in 3 Hours
Pump.fun’s PUMP token debuted on July 14 with a fully diluted valuation (FDV) of $5.6 billion but fell 7.3% within the first three hours, settling at an FDV of $5.12 billion. Trading volume hit $34.1 million, with 6,210 buys slightly outweighing 4,950 sales. The token’s launch followed a record-breaking 12-minute ICO that raised $500 million, distributing 125 billion PUMP at $0.004 per token. On-chain data revealed skewed participation, with whales dominating dollar terms (202 wallets hit the $1M cap) while small holders were more numerous. The token’s allocation includes 33% for the ICO, 24% for community initiatives, and 20% for the team. Pump.fun enforced KYC and excluded US/UK residents, branding the launch as a ‘compliant’ memecoin alternative.
about PUMP Token Debuts at $5.6B FDV, Drops 7.3% in 3 HoursHyperliquid Hits $1.5T in Futures Volume, Fuels HYPE Buybacks
Hyperliquid has emerged as a dominant force in crypto derivatives, recording $1.571 trillion in perpetual futures volume over the past year, with $310 million in revenue. A staggering 92.7% of this revenue is allocated to HYPE token buybacks, tightening supply and boosting liquidity. The platform set a monthly record in May 2025 with $248.3 billion in volume, while its TVL doubled to $1.46 billion. Institutional interest is growing, with Lion Group considering Hyperliquid for a $600 million crypto treasury project. The HYPE token has surged in value and trading volume, reflecting strong market confidence. Hyperliquid’s non-custodial model and community incentives challenge traditional exchanges, positioning it as a major player in the perpetual futures market.
about Hyperliquid Hits $1.5T in Futures Volume, Fuels HYPE Buybacks