Strategy, Metaplanet face MSCI index removal proposal

MSCI is considering a new methodology that could remove Strategy and Metaplanet from its Global Investable Market Indexes as early as the November 2026 Index Review.  SummaryMSCIs May simulation would delete Strategy, Metaplanet and Yellow Cake under proposed non-operating company screens.SharpLink would enter a watchlist because current constituents need two consecutive annual failures before removal.Companies failing the core screen become ineligible after triggering four of five financial ratio tests.Consultation closes September 30, with results due October 16 and possible November implementation by MSCI.MSCI abandoned its earlier crypto-only exclusion proposal in January and promised this broader company review.  A simulation using May data identified the two Bitcoin treasury companies and U.K. uranium investor Yellow Cake as the three existing constituents that would be deleted under the proposed rules.  The proposal remains a consultation, not a final index decision. MSCIs announcement says feedback remains open through Sept. 30, with results expected by Oct. 16. Any methodology change would then be targeted for the November review. MSCI explicitly warns that the consultation “may or may not” result in the proposed changes.  You might also like:  Metaplanet launches BitBonds with ¥200M private sale  MSCI proposal replaces the earlier crypto specific test  The current review is broader than MSCIs earlier attempt to

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Ethereum study flags 65,340 risky addresses tied to $574.8M

A USENIX Security 26 study has identified 65,340 high-risk address instances across Ethereum and BNB Smart Chain, linking them to 126,982.94 ETH and 17,726.7 BNB in native-token losses.  The paper, presented at the 35th USENIX Security Symposium in Baltimore, estimates their dollar value at more than $574.8 million.  The dollar figure needs context. The researchers say they valued the token losses using reference prices of $4,408 per ETH and $847 per BNB rather than prices at the time of every transaction. They describe their findings as a “conservative lower bound” because the analysis covers only native ETH and BNB on the two networks and may miss less obvious cases.  USENIX Security 26 Study Identifies 65,000+ High-Risk Crypto Addresses Linked to $574.8M in Losses  A study presented at USENIX Security 26 identified 65,340 high-risk cryptocurrency addresses involved in abuse across Ethereum and BNB Chain, with estimated losses exceeding…  Ethereum address misuse spans contract and private-key risks  The researchers divide “Address Misuse” into two categories. Contract Account misuse happens when users treat an address without deployed contract code as a contract address, often because the same address is used in another network context. The study identified 49,344 such instances, associated with losses of 22,738.41 ETH and 8,681.41 BNB.  Externally

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JPMorgan shuttered its banking relationship with predictions platform Polymarket: FT

SummaryJPMorgan stopped providing banking services to the decentralized prediction market Polymarket in late 2025 amid regulatory concerns, according to the Financial Times.Polymarket, which was barred from serving U.S. users in 2022 after a $1.4 million CFTC settlement, reentered the U.S. market in late 2025 following a loosening of federal rules under the Trump administration.  JPMorgan Chase stopped providing its banking services to the decentralized prediction market platform Polymarket late last year, according to the Financial Times.  In October 2025 the bank told Polymarket it would have to secure a different banking partner amid regulatory worries. Polymarket has already moved to another lender, though that firms name remains undisclosed, the FT report said.  Polymarket was barred from serving U.S. users in 2022 after the CFTC hit the platform with a $1.4 million settlement for running an unregistered derivatives trading venue. The company nonetheless returned to the U.S. market in late 2025 once the Trump administration loosened federal rules.  Even after cutting the formal banking link, JPMorgan has reportedly kept some connection. For instance, it invited Polymarket CEO Shayne Coplan to address a private client conference in February 2026 and is still angling for a role underwriting any future IPO.  CoinDesk reached out to Polymarket for a

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Gemini Shares Drop 7% Even as Net Loss Narrows to $107 Million

Gemini Space Station (GEMI) stock slid 7% to $4.00 in after-hours trading Thursday after the crypto exchange reported a second-quarter net loss of $107.7 million.  The loss came in 19% smaller than a year earlier, and revenue climbed 37% to $45.5 million. Even so, a fraud charge and thinner trading volumes overshadowed the companys progress.  Sponsored  Sponsored  Services Revenue Doubles as Crypto Trading Dries Up  The stock closed the regular session 3.12% higher at $4.30 before the company released earnings after the bell, which reversed the gains.  Follow us on Xto get the latest news as it happens  Gemini Space Station (GEMI) Stock Performance. Source: Google Finance  According to the press release, net loss per share came in at $0.89, against $27.08 a year earlier. Services revenue and interest income climbed 117% to $26.0 million. Credit card revenue supplied most of that gain, rising 231% to $16.2 million, while staking added $4 million.  OTC revenue jumped to $4.7 million from $0.6 million on heavier institutional trading. In addition, prediction markets added $0.5 million.  Exchange revenue moved the other way. It fell 38% to $12.5 million as crypto trading volume shrank to $3.8 billion from $11.3 billion a year earlier.  Sponsored  Sponsored  “While we still have work to do as a company, this quarters

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SharpLink plans $200M ETH stake through Lido

Nasdaq-listed SharpLink plans to stake $200 million of Ether through Lido and hold the resulting wrapped staked ETH with Anchorage Digital, expanding its strategy for generating returns from its corporate Ethereum treasury.  SummarySharpLink plans to stake $200 million of ETH through Lido and receive wstETH in return.Anchorage Digital will custody wstETH, adding Lido to SharpLinks existing institutional staking and restaking strategy.SharpLink held 888,938 ETH equivalents on August 3, according to its latest quarterly results filing.Lido reports roughly $16.5 billion of ETH staked and wstETH integrations across over 100 protocols.SharpLink shares rose 2.3% Thursday to $6.32, while ETH traded near $1,625 after-hours that day.  The company announced the allocation on Aug. 13 but did not disclose a transaction hash or timetable showing that the full deployment had already been completed.  The allocation comes days after SharpLink reported holding 888,938 ETH and ETH equivalents as of Aug. 3. Its latest quarterly filing shows staking has already become its main revenue source, producing $11.2 million of its $11.5 million in second-quarter revenue.  You might also like:  SharpLink posts $394M Q2 loss on ETH write-downs  SharpLink adds Lido without buying another $200M of ETH  The transaction is a deployment of SharpLinks existing Ethereum treasury, not an announcement that it will purchase

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Bitwise mulls tokenizing its Solana staking ETF via Superstate partnership

Quick TakeBitwise announced that it has partnered with Superstate to explore the tokenization of its funds.The crypto asset manager said it expects the Bitwise Solana Staking ETF to be the first fund tokenized under the potential initiative.  Bitwise Asset Management announced on Thursday a partnership with fintech firm Superstate to develop the capability to tokenize shares of certain Bitwise funds.  The firm stated Thursday that it expects the Bitwise Solana Staking ETF (BSOL) to be its first tokenized fund, though there is “no assurance” that it will launch.  Bitwise said that under the framework currently in development, tokenization would change only how share ownership is recorded, while investors would retain the same rights and purchasing channels.  “Shareholders could then elect to hold those shares either in traditional book-entry form through The Depository Trust Company or in tokenized form recorded on a blockchain and maintained through Superstates transfer agency infrastructure,” Bitwise explained.  Shares held in tokenized form would carry the same rights as those in book-entry form, though they would not be freely transferable outside the blockchain-based system.  Bitwise holds more than $9 billion in client assets and more than 70 investment products. Superstate partners with issuers and asset managers to bring securities onchain through platforms supporting

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BitGo posts $19M Q2 loss despite 80% revenue surge to $4.3B

BitGo, a publicly listed digital asset infrastructure company, posted a $19 million net loss in the second quarter of 2026 despite revenue surging nearly 80% year-on-year to $4.3 billion.  BitGo (BTGO) on Wednesday reported that its net loss narrowed from $60.7 million in Q1, while revenue rose 14.7% quarter over quarter. The year-on-year swing to a loss largely reflected an $18.8 million unrealized loss on digital assets, compared with a $55.8 million unrealized gain a year earlier.  BitGo CEO Mike Belshe said during the earnings call that Q2 financial performance fell short of expectations.  “While we delivered revenue growth, profitability was impacted by lower margins and an unfavorable revenue mix,” Belshe said. He attributed the weaker margins to “lower spreads on certain spot transactions” and a smaller contribution from derivatives.  The company also authorized a share repurchase program of up to $50 million and expects its cost-cutting measures to generate about $15 million in annualized cash savings. BitGo expects expenses to decline in Q3 after cutting its workforce by about 15% in June.  BitGo shares fell 1.8% in overnight trading to $4.90 after closing Wednesday up 0.6% at $4.99, according to Yahoo Finance.  Related: Bitwise cuts 14% of staff while still expecting growth

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Crypto group backs Custodia in Supreme Court battle over Fed access

The Blockchain Association urged the US Supreme Court to hear Custodia Bank‘s challenge to the Federal Reserve’s denial of its application for a master account, which would give the crypto-focused bank direct access to the Feds payment system.  In an amicus brief filed Wednesday, the industry group argued that federal law requires the central bank to make its payment services available to eligible nonmember banks and that the Fed should not have broad discretion to deny access.  The association said the appeals court‘s decision effectively gives the Fed veto power over state-chartered banks by allowing it to withhold services needed to operate independently. It also linked Custodia’s case to alleged crypto debanking under “Operation Choke Point 2.0,” arguing that federal regulators discouraged banks from serving the digital asset industry.  Custodia, a Wyoming-chartered bank focused on digital assets, applied for a Fed master account in 2020, seeking direct access to the central banks payment services without relying on an intermediary bank.  The Federal Reserve Bank of Kansas City denied Custodia‘s application in 2023, and the Tenth Circuit Court of Appeals later ruled that the regional Fed bank had discretion to reject its request. In March, the appeals court voted 7-3 against rehearing the case, leaving

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Figure reports $4.3B in loan marketplace volume as profit nearly triples

Figure Technology Solutions reported $4.3 billion in consumer loan marketplace volume for the second quarter, up 132% from a year earlier, as its quarterly profit nearly tripled.  On Thursday, Figure said net income rose 192% year over year to $87 million, from about $30 million. Net revenue more than doubled to $226 million, while its net income margin increased 10.5 percentage points to 38.8%.  Figures marketplace volume includes home equity lines of credit, debt-service coverage ratio loans and personal loans processed through its loan origination system, along with third-party loans traded on Figure Connect, which accounted for $2.8 billion, or 65%, of the quarterly total.  Volume on the marketplace, which Figure launched in June 2024, increased 262% from the same period last year. The company also added 102 loan-origination partners during the quarter, bringing its total to 489.  CEO Michael Tannenbaum said weekly loan applications surpassed $1 billion in July. Figure expects consumer loan marketplace volume of between $4.8 billion and $5.2 billion in the third quarter.  Bernstein analysts predicted in May that Figure would post record second-quarter volume, citing live blockchain data that they said could increasingly allow investors to track the companys lending activity in real time.  Related: Tokenized RWA market grows 420% since

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Washington court orders Kalshi to halt most prediction market offerings in state

Quick TakeA Washington court has ordered Kalshi to stop offering prediction markets related to sports, elections, politics, entertainment, culture, technology and science, or “mentions” in the state.Kalshi must geofence Washington users by Sept. 2.  A Washington court issued a final order requiring Kalshi to cease offering a wide range of event contracts in the state, after finding the company likely violated its gambling regulations.  The order directs Kalshi to stop accepting or facilitating bets on sports, elections, politics, entertainment, culture, technology and science, or “mentions” in Washington.  Kalshi must adopt an IP address and residency-based geofence by Aug. 19 and a multi-source geofencing system by Sept. 2 to prevent users in Washington from accessing the restricted markets on Kalshi. The court also barred Kalshi from advertising the restricted wagers to Washington consumers, ruling that the companys marketing of illegal gambling activities constitutes unfair or deceptive practices.  “Kalshi has gotten rich promoting wagers on sports, elections, natural disasters, events related to the Iran War, and more. Under this order, Kalshi is banned from offering wagers on most of those topics in Washington,” said Attorney General Nick Brown. “As this case moves forward, we will continue to enforce Washington law and hold Kalshi accountable for misleading

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