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GameStop 10-K Confirms 4,710 BTC Holdings Valued at About $368M
GameStop said in a Tuesday 10-K filing that it still holds 4,710 BTC worth roughly $368 million, following two months of market speculation. The filing states 4,709 BTC are pledged as collateral via Coinbase Prime/Coinbase Credit and 1 BTC remains held directly, with no Bitcoin sale reported. It also details a covered-call strategy using short-dated call options with $105,000–$110,000 strike prices expiring March 27.
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Senators Unveil 2026 Public Integrity Act to Curb Prediction-Market Insider Trading
A bipartisan group of U.S. senators introduced the Public Integrity in Financial Prediction Markets Act of 2026 on Thursday, aiming to bar government officials from trading prediction-market contracts using nonpublic information. The proposal would fine violators an amount equal to twice any profits, and it requires reporting within 30 days for any wager over $250 with detailed trade disclosures.
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Maxine Waters Questions Kansas City Fed on Kraken Master Account Pilot Approved March 4, 2026
Rep. Maxine Waters sent a letter on Thursday to Kansas City Fed President Jeff Schmid seeking details on Kraken Financial's Federal Reserve master account and what services it can access. She set an April 10 deadline for explanations on Fedwire/ACH scope, restrictions, and the AML and consumer-protection reviews tied to the approval. Kraken Financial's access was granted as a one-year pilot on March 4, 2026, placing a crypto-native firm onto core payment rails.
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Canton Network Brings LayerZero Live to Reach 165+ Public Blockchains
Canton Network, an institutional blockchain backed by Goldman Sachs, Microsoft and DTCC, has added LayerZero as its first live interoperability protocol. The integration is positioned to let regulated firms route tokenized assets to more than 165 public blockchains while maintaining compliance requirements. Canton is also cited as supporting over $350 billion in daily U.S. Treasury repo activity via Broadridge's platform.
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Coinbase and Better launch conforming crypto-backed mortgages using BTC or USDC
Coinbase and Better Home & Finance have put into operation what they describe as the first U.S. conforming crypto-backed mortgage, letting borrowers use Bitcoin or USDC as collateral for a Fannie Mae-backed home loan without selling their holdings. The structure applies collateral haircuts—BTC at 40% of market value and USDC at 80%—and requires eligible assets to be held on U.S.-regulated exchanges with AML compliance and at least 60 days of documented holding history.
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Coinbase withdraws backing for Market Clarity Act draft as stablecoin-yield ban threatens $800M
Coinbase told the Senate this week it cannot support the latest Digital Asset Market Clarity Act draft, after changes circulated Monday would bar exchanges from paying rewards on stablecoin balances and limit access to transaction-size data. The company reported $1.35 billion in stablecoin revenue in 2025, much of it tied to USDC distribution payments under its Circle partnership. The draft’s yield provisions could remove an estimated $800 million in annual revenue tied to that line of business.
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Tether Hires an Unnamed Big Four Auditor for a Full USDT Financial Audit (March 24, 2026)
On March 24, 2026, Tether said it has retained an unnamed Big Four accounting firm to conduct a comprehensive financial statement audit of USDT, moving beyond the quarterly attestations it has used since 2021. The company says USDT has a $184 billion market cap and serves more than 550 million users globally, positioning the engagement as its first large-scale, end-to-end audit covering reserves and tokenized liabilities.
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