Changpeng Zhao has launched a prediction market platform on BNB Chain that generates yield on user deposits while positions remain open. Trust Wallet rolled out prediction trading for its 220 million users through a partnership with Myriad Markets. The development follows YZiLabs' announcement of a $1 billion ecosystem fund targeting DeFi and AI initiatives.

Ethereum activated the Fusaka upgrade on May 7, 2025, at 21:49 UTC, introducing PeerDAS—a data-availability system designed to reduce validator computational load through sampling rather than full data verification. The upgrade includes 12 Ethereum Improvement Proposals targeting network efficiency and scalability. Core developers confirmed finalization approximately 15 minutes after activation during the EthStaker livestream.

Connecticut's Department of Consumer Protection issued cease-and-desist orders to Robinhood, Kalshi and Crypto.com on Wednesday for allegedly offering unlicensed sports wagering contracts. The companies countered that their event-contract products fall under federal CFTC jurisdiction, not state gambling law.

Arbitrum's native token rose over 11% in 24 hours as the Layer 2 network recorded 2 million active addresses, a 135% weekly increase. The token approached a key resistance level at $0.24 while total value locked climbed 7% this month to $6.53 billion. Developer activity reached a three-month high during the period.

Connecticut's Department of Consumer Protection issued cease-and-desist orders to Kalshi, Robinhood, and Crypto.com on December 3, 2025, for allegedly offering sports-related prediction contracts without state licenses. The platforms must immediately stop providing such services to Connecticut residents and allow fund withdrawals. Non-compliance may result in civil penalties under state unfair trade practices law or criminal charges for gaming violations.

Bitcoin traded around $93,000 during Asian hours Thursday as softer US economic indicators strengthened market expectations for a Federal Reserve interest rate reduction. Analysts cited positive momentum from recent institutional developments, including Vanguard's policy shift on crypto-linked ETFs and speculation about potential Fed leadership changes. The total cryptocurrency market capitalization rose 1.8% to $3.27 trillion.

Daily liquidation volumes have more than doubled compared to the previous cycle, according to a Glassnode and Fasanara report. Average long position liquidations rose from $28 million to $68 million, while short position liquidations increased from $15 million to $45 million. The shift reflects heightened leverage use across cryptocurrency derivatives markets.

Bitcoin is trading above $93,160 as two bullish chart formations converge to signal potential upside momentum. Analyst Kamile Uray notes a confirmed breakout from a Cup & Handle pattern targets $104,000 on the 4-hour chart. Crypto VIP Signal reports Bitcoin's move past $90,000 validates an Inverse Head and Shoulders reversal pattern, with $95,000 marking the next technical level.