TREE NEWS update: Tether, the leading stablecoin issuer, has finally undergone an audit and passed, addressing a long-standing criticism. This marks a significant step for the company’s transparency and could bolster confidence in the crypto market.
TREE NEWS reports: The SEC has postponed a key crypto rule meeting without a new date, citing an ‘unforeseen scheduling issue.’ This comes just days after the Senate failed to advance the Clarity Act, signaling ongoing regulatory uncertainty for digital assets.
TREE NEWS update: Trezor disclosed a data breach at its logistics partner ShipMonk, exposing names, phone numbers, and home addresses of 13,689 customers, raising phishing and physical security concerns. The breach underscores risks in crypto hardware wallet supply chains.
TREE NEWS reports: Kalshi is reportedly in advanced talks with Sequoia and Wellington for a $750 million funding round at a $40 billion valuation, nearly doubling its May valuation. The news comes as Baltimore sued the prediction market platform over unlicensed sports betting, adding regulatory pressure.
TREE NEWS update: Tether announced that KPMG U.S. issued an unqualified opinion on its 2025 financial statements, marking the first independent audit of the stablecoin issuer. This fulfills a long-standing commitment dating back to 2017, boosting transparency for Tether’s reserves and operations.
TREE NEWS reports: The SEC has canceled its Friday open meeting to propose Regulation Crypto, with no replacement date set, and has also delayed its tokenization exemption. This postponement signals further uncertainty in the regulatory timeline for crypto and RWA tokenization.
TREE NEWS update: A King County judge ordered Kalshi to stop offering sports, election, and politics wagers in Washington state by August 19, days after the CFTC endorsed the exchange. This legal setback highlights ongoing regulatory friction for prediction markets.
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