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Utah is escalating the legal battle over prediction markets, filing a lawsuit against Kalshi and several affiliated trading firms over alleged illegal gambling. The state is seeking up to $61.2 million in fees it claims were unlawfully collected from Utah residents, alongside a court order to block certain event contracts. The case puts a growing spotlight on where financial prediction markets end and gambling begins.

At the center of the dispute is Kalshi’s argument that its event contracts fall under federal regulatory oversight, while Utah officials argue that markets tied to sports, elections, politics, and culture violate state gambling laws. The lawsuit also targets two Susquehanna trading firms, adding pressure beyond the platform itself. Although the financial figures remain allegations rather than court-established damages, the case could have significant consequences for how prediction markets operate across the United States.

The dispute reflects a broader regulatory clash between federal oversight and state authority, with the outcome potentially shaping the future of prediction markets and their access to U.S. users. As regulators and courts continue to define the rules, platforms like Kalshi face growing uncertainty over how far their business models can expand. Here’s what you need to know from today’s crypto market.☕

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Qubic has restarted its layer-1 blockchain and launched a recovery process after a wallet security flaw allowed an attacker to steal approximately $1.4 million in QU tokens from 1,404 accounts. The network was temporarily halted to prevent further movement of the stolen funds, giving operators time to approve a recovery plan. Now, with operations restored and claims open until May 1, 2027, the focus shifts to returning funds to affected users.

The attack exploited weak wallet seed generation, which made certain recovery phrases predictable and exposed users’ funds to unauthorized access. Qubic says the vulnerability has been fixed in web wallet version 4.26.4, but users who created wallets with older versions must generate new wallets and transfer their remaining assets. The incident highlights an important security lesson: fixing a software flaw does not automatically make previously created wallet credentials safe.

Beyond Qubic, the breach underscores the risks that wallet vulnerabilities pose to the broader crypto ecosystem, even when the underlying blockchain itself has not been compromised. As the recovery process unfolds, the project’s ability to reimburse affected holders and restore confidence will be closely watched. Here’s what you need to know from today’s crypto market.☕

Ripple is urging the U.S. Securities and Exchange Commission (SEC) to adopt clearer crypto regulations, drawing on its own costly legal battle with the agency. In a comment letter submitted on October 20, Ripple backed the SEC’s proposed Regulation Crypto Assets framework, arguing that businesses should not have to spend years in court to determine whether their tokens fall under securities laws. Ripple says its legal fight with the SEC cost more than $150 million, highlighting the financial burden regulatory uncertainty can place on crypto companies.

However, Ripple is not endorsing the proposal without reservations. The company wants clearer rules on when an investment contract ends, how tokens should be classified, and whether secondary-market transactions should fall under securities regulations. It also argues that legal obligations should depend on an issuer’s enforceable promises rather than a broad test of how decentralized a crypto network has become.

Ripple’s position comes as the SEC’s public comment period closes, adding momentum to the push for a more predictable U.S. crypto framework. The final rules could influence how token issuers raise capital, how digital assets are traded, and whether crypto businesses feel more confident operating in the United States. Here’s what you need to know from today’s crypto market.☕

Blockchain infrastructure provider Luganodes is expanding access to TRON, giving developers another option for building and scaling blockchain applications. The service also supports Ethereum and Bitcoin mainnets through a single API key, with a free plan offering 25 million compute units each month. The move aims to make reliable blockchain infrastructure more accessible without requiring developers to invest in running their own nodes.

The platform allows users to start without a payment card, while paid subscriptions begin at $49 per month. Developers can monitor usage and request costs, with traffic automatically stopping once the free monthly allowance is exhausted. Luganodes also offers dedicated infrastructure, including full and archive nodes, for projects that require greater control and capacity.

The launch comes as TRON continues to support significant stablecoin activity, making dependable access to network data and transaction services increasingly important for developers. By combining multiple major blockchains under one API, Luganodes is positioning its service as a simpler entry point for Web3 projects while competing in a growing market for blockchain infrastructure. Here’s what you need to know from today’s crypto market.☕

AI is stepping out of the screen and into the physical world. Robotics VC deals hit record highs in early 2026: nearly $16B across 450+ deals.

Labor shortages, aging workforces and breakthroughs from NVIDIA, Tesla and specialized suppliers are accelerating automation in factories and warehouses worldwide.

Our free guide breaks down the 6 investable robotics subsectors driving the buildout, from AI compute and machine vision to humanoid robots. Enter your email and we’ll send it straight to your inbox.

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Cointelegraph’s latest crypto roundup highlights several major developments across the industry, including Qubic restarting its blockchain and opening a recovery process after a $1.4 million wallet hack affecting more than 1,400 accounts. Tether has also joined a funding round for AI infrastructure startup AIsa, while Circle CEO Jeremy Allaire says the stablecoin issuer plans to expand into around 40

Malaysia’s central bank, Bank Negara Malaysia (BNM), has launched a new platform called SSDS+ to support the issuance, storage, and transfer of tokenized bonds and sukuk using distributed ledger technology. Integrated with the RENTAS+ payment system, the platform enables round-the-clock settlement using central bank money, potentially making securities transactions faster and more flexible.

A major cybersecurity alert has prompted Google, Mozilla, Apple, and other technology companies to block eight compromised digital certificates issued by India-based certificate authority eMudhra. The certificates contained dangerously weak private keys that researchers could recover almost instantly, potentially allowing attackers to create fraudulent HTTPS certificates and impersonate legitimate

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