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Flash
- 10:27Prediction market Kalshi sues New York regulators over ban on sports contractsJinse Finance reported that the prediction market platform Kalshi filed a federal lawsuit against the New York State Gaming Commission on October 28, 2025, challenging the state's decision to ban its sports-related contracts. Kalshi, as a CFTC-registered Designated Contract Market (DCM), claims that under the Commodity Exchange Act, the CFTC has "exclusive jurisdiction" over derivatives on federally regulated exchanges, and that New York State's intervention violates federal law. Earlier this year, the company self-certified sports event contracts with the CFTC, allowing users to financially bet on the outcomes of matches. Kalshi is seeking emergency relief to prevent New York State from enforcing its cease and desist order, stating that failure to do so would cause irreparable harm to the platform and its users.
- 10:11A certain whale withdrew 1.29 billion PUMP worth $6.39 million from an exchange.According to ChainCatcher, monitored by Onchain Lens, a certain whale withdrew 1.29 billion PUMP, worth $6.39 million, from an exchange 20 minutes ago. This whale has accumulated a total holding of 3.3 billion PUMP, valued at $16.38 million, over the past two weeks.
- 10:11Redacted and Tenset announce strategic merger, with the first product CineFi expected to launch in NovemberChainCatcher news, Redacted Group, a multi-vertical Web3 ecosystem backed by Spartan Group, Animoca Brands, and Polygon Ventures, announced today a strategic merger with Tenset, a verified blockchain infrastructure platform that has raised over 100 millions USD through public and private ICOs, with a peak traditional token market cap exceeding 1.1 billions USD. This merger will combine Redacted's exclusive network and 10 millions USD in venture capital with Tenset's Launchpad infrastructure and larger global community, capturing niche markets and untapped growth opportunities. The first product, CineFi, is expected to launch in November. CineFi is a technology platform designed to facilitate decentralized participation in film financing.