On April 6, 2026, the U.S. Court of Appeals for the Third Circuit granted Kalshi a preliminary injunction blocking New Jersey's effort to halt its sports-related event contracts. The court said Kalshi's claim that federal law preempts state gambling rules had a sufficient likelihood of success, allowing the company to keep offering the contracts while the case proceeds.

Bitcoin (BTC) rose sharply after a quiet weekend, jumping from about $67,000 to nearly $69,600 within hours as broader risk sentiment shifted. The move followed reports of potential U.S.-Iran ceasefire talks, while a separate debate over Bitcoin’s long-term returns resurfaced alongside Strategy’s latest 4,871 BTC purchase for roughly $330 million.

The IMF says crypto tokenization represents a structural change to financial market "plumbing", warning it could amplify liquidity stress as settlement, margining, and compliance are embedded in code. The report argues that atomic settlement, 24/7 trading, and automated margin calls may accelerate shocks beyond regulators' response speed, while fragmented liquidity across chains can worsen slippage and risk management. It also notes emerging-markets exposure, where large flows of crypto tokens and dollar-pegged stablecoins could undermine local monetary policy tools.

Strategy disclosed a $14.46 billion unrealized loss for Q1 2026 and said its MSTR shares were down 21% year-to-date. It also reported buying 4,871 BTC for about $329.9 million between April 1 and April 5, bringing total holdings to 766,970 BTC.

Drift Protocol says the April 1 attack that led to a $285,000,000+ loss followed roughly six months of in-person social engineering tied to multiple crypto conferences. The Solana-based DeFi project says the group posed as a quantitative trading firm, onboarded an Ecosystem Vault in December and January, and deposited more than $1 milllion of its own capital before the incident.

Sen. Bill Hagerty said the CLARITY Act could enter the Senate Banking Committee work period starting April 14 and clear the panel by late April 2026. Separately, Sen. Cynthia Lummis said the stablecoin portion is "99% resolved," with leaders aiming for a full Senate vote before May. The FDIC is also set to finalize federal stablecoin issuance rules on April 7 following the GENIUS Act signed in July 2025.

Bitcoin traded back above $70,000 on April 6, touching $70,355 and keeping its market capitalization near $1.4T amid heightened Middle East tensions. Strategy disclosed it bought 4,871 BTC for about $329.9M, while Bitfinex warned derivatives positioning could amplify moves, with $145M in shorts liquidated and added downside risk if BTC slips below $68,000.

US Senate Banking Committee member Bill Hagerty said Monday that Republicans aim to start moving a digital asset market structure bill through the panel beginning next week. He said unresolved issues remain, but he expects the legislation could be reported out of the banking committee in April. The bill would also require action by the Senate Agriculture Committee before any potential floor vote.