Crypto Gaming Faces Tough Challenges as Industry Voices Doubt Solana Foundation President Lily Liu claims crypto gaming is unlikely to make a comeback, sparking industry debates. The introduction of new solutions like Pixels' “Stacked” application aims to address play-to-earn challenges. The NFT market continues to decline, with Bruce Lee avatar...
Year: 2026
Yuga Labs Triumphs in Prolonged NFT Controversy: What You Need to Know!
Highlights The Bored Ape Yacht Club's creator Yuga Labs reaches a settlement with artists accused of infringing on their copyrights. As part of the settlement, the artists are prohibited from using Yuga Labs' imagery and must transfer all associated assets back to the company. This legal battle, which began in...
NUSD Redemptions on Hold as Neutrl Audits Its Reserves
Highlights Neutrl has halted minting and redemptions for its synthetic dollar, NUSD, due to unidentified reserve issues. Strata has also paused related functions, leading to an 18% drop in NUSD's supply and a 72% decrease in monthly transfer volume. The status of Neutrl’s reserves remains uncertain, raising concerns over the...
ASX Shareholder Takes Action: Lawsuit Filed Over Unsuccessful Blockchain Initiative
Highlights Rosherville Pty Ltd seeks Federal Court approval for a statutory derivative action against former ASX officials over alleged breaches of duty. The proposed lawsuit stems from ASX’s failed blockchain project, which has drawn significant scrutiny from regulatory bodies. ASX had to pay penalties and admitted to misleading conduct regarding...
CFTC Grants Kalshi the Green Light to Continue Operations Despite New York Lawsuit Challenges
Highlights: - The CFTC has ordered prediction market Kalshi to resume operations amid a legal dispute with New York state. - New York's enforcement actions have raised questions over the regulatory authority over prediction markets, potentially affecting operations nationwide. - The conflict reflects ongoing national discussions about the jurisdiction of...
