Block (XYZ) Touts Bitcoin as ‘Everyday Money’ With 800,000 Merchants Now Accepting It
Block announced 800,000 Square merchants now accept Bitcoin payments, with new tap-to-pay features and zero processing fees through 2026. The company holds $2.2 billion in Bitcoin reserves and launched an upgraded Bitkey hardware wallet with touchscreen verification. Block aims to position Bitcoin as everyday spending money, not just a store of value, targeting Indian crypto adoption trends toward merchant payments.
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CFTC sues Wisconsin in agency's legal campaign defending prediction markets authority
The CFTC sued Wisconsin over prediction market regulation, escalating its legal campaign against states claiming gambling jurisdiction. Wisconsin had days earlier sued Kalshi, Polymarket, and Coinbase. CFTC Chair Mike Selig asserts exclusive federal authority over event contracts as derivatives, not state gambling. Multiple states including New York and Arizona are challenging this stance, creating regulatory uncertainty for platforms operating in U.S. markets.
Canaan, Tether deepen partnership on immersion-cooled mining systems
Canaan secured a new order from Tether for immersion-cooled Bitcoin mining hardware, extending their partnership beyond 2025 R&D efforts. The custom hash board modules will operate at a Tether-linked South American facility, signaling Tether's deeper push into mining infrastructure. The deal includes options for additional purchases, reflecting industry trends toward integrated data center-style mining operations.
World Cup fever: Chiliz expands to Solana and Base to supercharge fan token trading
Chiliz expands its 70+ fan tokens to Solana and Base blockchains, ditching its proprietary layer-1 for omnichain distribution. Using unified token standards eliminates liquidity fragmentation across chains. The move targets trading volume growth ahead of FIFA World Cup 2026, with Argentina and Portugal national team tokens already live. Coinbase's Base network integration broadens accessibility for sports fans globally.