Polymarket Chief Legal Officer: Lawsuit Filed Against Massachusetts in Federal Court
On February 10, Polymarket Chief Legal Officer (CLO) Neal Kumar took to X to announce the firm has filed a lawsuit against the state of Massachusetts in federal court.
Kumar emphasized that U.S. Congress has granted the Commodity Futures Trading Commission (CFTC) exclusive federal jurisdiction over event contracts—superseding state authority. Since these markets operate nationally, he noted, key issues must be resolved in federal court.
States like Massachusetts and Nevada’s attempts to shut down Polymarket US and other prediction markets via state courts cannot override federal law and would cause them to miss out on opportunities to build future markets, Kumar added.
While pursuing resolution in federal court, Kumar stated he remains willing to engage with other states and advocate for user rights.
3 minutes ago
「Wood Sister」: Bitcoin is a key asset embodying three major changes, and its low correlation with gold will promote its attribute diversification
On February 10, Cathie Wood—often nicknamed “Wood Sister”—said in her latest podcast that Bitcoin isn’t the traditional “digital gold” in a literal sense, so its short-term performance doesn’t align with gold’s.
Since 2019, the correlation coefficient between Bitcoin and gold returns has been just 0.14. That’s exactly Bitcoin’s value as a diversifying asset: low-correlation assets boost a portfolio’s risk-adjusted returns. She noted the key to successful diversification is adding new assets with low correlation, and Bitcoin fits that bill.
Moreover, Wood defines Bitcoin as an asset embodying “three revolutions in one”:
- A global digital sovereign monetary system;
- A new layer for the internet stack supporting native currency, intelligent agents, and commerce;
- A new asset class (with Bitcoin as the most secure, largest network representing crypto assets).
She describes Bitcoin as being in the early stages of the innovation S-curve. Like all historically disruptive tec
3 minutes ago
Sahara AI Partners with South Korean Payment Giant Danal Fintech to Build Stablecoin AI Payment System
February 10 – AI firm Sahara AI has entered a deep partnership with Danal Fintech, one of South Korea’s largest payment technology companies, to co-develop a next-generation AI-powered payment system built on stablecoins.
The two will leverage Danal’s extensive expertise in payments and settlement alongside Sahara AI’s full-stack Agent platform to AI-enable core use cases like cross-border payments and automated reconciliation—boosting the system’s reliability and operational efficiency in real-world financial scenarios.
Separately, PayProtocol (a Danal subsidiary) plans to integrate Sahara AI’s investment assistant Sorin into the Paycoin App, delivering real-time market updates and asset analysis to millions of users.
This collaboration marks Sahara AI’s official entry into large-scale traditional financial and payment scenarios.
3 minutes ago
A whale has deposited 1.22 million USDC into Hyperliquid to leverage long positions on BTC, INTC, and AMD.
Per Onchain Lens monitoring on February 10th, a whale address (0x960B...e2Ee) deposited 1.22 million USDC into Hyperliquid and opened long positions on BTC (5x leverage), INTC (2x leverage), and AMD (2x leverage). The whale is currently continuing to add to these positions.
3 minutes ago
Ethereum Foundation Member: Ethereum is moving towards confirming execution correctness through zkEVM proof verification
February 10: Ethereum Foundation member ladislaus.eth noted the network is undergoing a key, largely under-the-radar architectural shift—moving from nodes re-executing every transaction in a block to verifying execution correctness via zkEVM proofs.
Backed by EIP-8025 (Optional Proof of Execution), the proposal lets validators opt to validate multi-client zk proofs at the consensus layer instead of running a full execution layer (no upgrades or forks required).
This mechanism is expected to slash node hardware and sync costs significantly, benefiting independent validators and home nodes. It also lays groundwork for future L1 execution scaling, ePBS (slated for the Glamsterdam upgrade), and native rollups.
Ethereum’s L1-zkEVM roadmap targets 2026, with its first dedicated conference set for February 11.
3 minutes ago
Upbit places Dent (DENT) on trading warning list
On February 10, Upbit will add Dent (DENT) to its trading warning list.
Currently, DENT’s deposit channel is closed.
Upbit will review the reasons for the trading warning in line with its digital asset trading support termination policy. During the review, the warning period may be extended. If the underlying issues prompting the warning are not fully resolved, Upbit may terminate trading support for DENT.
3 minutes ago
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