News

The Better Business Bureau's advertising watchdog has referred prediction market platform Kalshi to state regulators after Kalshi declined to participate in an inquiry into its influencer disclosure practices. The BBB escalated the matter following Kalshi's non-participation in the review. Kalshi is a privately held prediction market platform and does not have a publicly traded ticker.

Humanity Protocol's native token collapsed more than 80% following a hack in which attackers exploited a compromised private key to steal approximately $32 million. The breach represents a significant security failure for the project, with the private-key exploit enabling unauthorized access to funds. The token's sharp decline reflects immediate market reaction to the loss of funds and confidence in the protocol's security.

The Pentagon has added Alibaba, Baidu, BYD, WuXi AppTec, RoboSense, Unitree, CXMT, and YMTC to its 1260H list of China military-linked companies, barring direct DoD contracts from later this month and third-party procurement through June 2027. The designations stop short of formal sanctions or export blacklist status, but indirect restrictions could force US defence contractors to sever ties with listed firms. Alibaba and WuXi AppTec disputed their listings and said they would pursue legal action; Baidu ADRs fell 2.1% while Alibaba and BYD each dropped 0.8% on the news.

The Dutch Authority for Consumers and Markets (ACM) has prohibited the proposed acquisition by Glaspoort — a joint venture involving KPN — of approximately 200,000 fiber-to-the-home connections from DELTA Fiber. KPN has noted the regulator's decision. The deal is now blocked following the ACM's ruling.

Ledger's CTO argues that EU regulatory compliance costs are disproportionately burdensome for Web3 startups, potentially stifling innovation in the sector. The piece frames EU rules as a structural disadvantage for smaller crypto and blockchain companies operating in Europe. No specific company actions, financial results, or regulatory decisions are announced.

HTX, the crypto exchange affiliated with Justin Sun, has delisted World Liberty Financial's USD1 stablecoin after World Liberty froze HTX's addresses on the platform. HTX cited the address freeze as the reason for suspending and delisting the token. The dispute marks a public conflict between HTX and the Trump family-linked World Liberty Financial project.

The European Securities and Markets Authority (ESMA) has confirmed that crypto firms lacking MiCA (Markets in Crypto-Assets) authorization must cease serving EU clients starting July 1, 2026, regardless of pending license applications. This marks the end of the MiCA transitional grace period, which had allowed unlicensed firms to continue operating temporarily. Companies without approved authorization face a hard deadline to either obtain licensing or exit the EU market.

The UK's Financial Conduct Authority (FCA) has warned Premier League football clubs to reconsider sponsorship deals with unauthorized cryptocurrency and trading firms. The regulator cautioned that fans could lose all their money through such platforms, and that clubs themselves face potential legal and reputational consequences. No specific clubs or crypto firms were named in the article.

The UK's Financial Conduct Authority (FCA) is taking enforcement action against cryptocurrency partnerships between crypto firms and Premier League football clubs. The crackdown targets promotional arrangements that regulators deem non-compliant with UK financial promotion rules. No specific publicly traded companies are named in the article.