crypto.com

The U.S. District Court for the Eastern District of Wisconsin dismissed the CFTC's request for a preliminary injunction to prohibit Wisconsin from enforcing sports-related event contracts on platforms such as Kalshi, Coinbase, Robinhood, Polymarket, and Crypto.com. The court found that the CFTC failed to demonstrate a likelihood of success on its claim—that the Commodity Exchange Act (CEA) defines "swaps" to include sports event contracts—and that gambling regulation falls within the traditional police powers of the states, with federal law not clearly indicating an intent to preempt state law.Additionally, the court also denied the intervention requests from Kalshi, Crypto.com Derivatives North America (CDNA), and the American Gaming Association (AGA). The substantive litigation between the CFTC and the state of Wisconsin will continue to proceed.

According to the WSJ, Robinhood is in talks with the cryptocurrency trading platform Crypto.com to further expand its prediction market business.Insiders revealed that both parties plan to integrate Crypto.com's prediction market business into the Robinhood platform, allowing users to participate in the "yes/no" prediction contracts offered by Crypto.com directly through the Robinhood trading interface.

According to the Wall Street Journal, Robinhood is in talks with Crypto.com to collaborate on prediction market services. If the partnership is established, the prediction market provided by Crypto.com will be integrated into Robinhood, allowing users to participate in Crypto.com's prediction market through Robinhood.Previously, Robinhood mainly relied on partners such as Kalshi and Interactive Brokers' ForecastEx and Rothera to provide prediction market contracts. This move may lead to more direct competition between Robinhood and Kalshi.

Cryptocurrency trading platform Crypto.com has received a $400 million investment from Citadel Securities, bringing the company's valuation to $20 billion. This round of funding is Crypto.com's first institutional financing since its establishment in 2016.Crypto.com stated that it will use the funds to expand its business in tokenized securities, derivatives, and other asset classes.

According to BBX data, corporate Bitcoin reserves are under pressure, intertwined with the continuous outflow of ETF funds, leading to an overall cautious sentiment in crypto concept stocks. The core dynamics are as follows:Trump Media & Technology Group, Corp. (NASDAQ: $DJT) transferred 2,650 BTC (approximately $205 million) to a Crypto.com exchange address on May 22. The company's official statement described this as a "transfer rather than a sale," part of an expanded trading strategy, but the actual disposal method remains to be confirmed as of the report deadline. On-chain data shows that the funds have arrived at the Crypto.com exchange address. Previously, the company transferred 2,000 BTC (approximately $175 million) to Crypto.com about four months ago. The Q1 2026 financial report (May 9, CoinDesk) indicates that as of March 31, the company held 9,542.16 BTC (with a fair value of $647.1 million, and a purchase cost of approximately $1.13 billion); after this transfer of 2,650 BTC, Arkham's on-chain estimate of the remaining holdings is about 6,889 BTC (approximately $532 million). The Q1 financial report also disclosed a net loss of $405.9 million (compared to a loss of $31.7 million in the same period last year) and revenue of only $871,200. The company originally purchased 11,542 BTC at an average price of about $118,522, with a total purchase cost of approximately $1.37 billion, and the current holdings are still significantly discounted compared to the cost; during the same period, the company withdrew its ETF applications for Bitcoin, Ethereum, and Solana from Truth Social.The U.S. Bitcoin spot ETF recorded over $2.26 billion in net outflows in the two weeks ending May 23, ending a streak of seven consecutive weeks of net inflows. During this period, Bitcoin fell from about $82,500 (the recent high on May 6) to $74,305 (on May 23), a decline of about 10%, marking the lowest point since April 20. The iShares Bitcoin Trust (NASDAQ: $IBIT) under BlackRock, Inc. (NYSE: $BLK) has seen its holdings decrease from a peak of about 812,000 BTC to about 800,000 BTC, still accounting for approximately 62% of total assets in U.S. Bitcoin spot ETFs. CoinDesk analysts attribute this round of outflows to high U.S. Treasury yields (with the 10-year yield touching 5.01%) and systemic deleveraging driven by geopolitical pressures, rather than a weakening belief in Bitcoin's long-term logic.

According to Onchain Lens monitoring, Trump Media deposited 2,650 BTC into Crypto.com, worth $204.93 million. Currently, it holds 6,889 BTC, worth $532.78 million.

Crypto.com announced that its UAE entity Foris DAX Middle East FZE has obtained a Stored Value Facility (SVF) license issued by the Central Bank of the UAE, becoming the first virtual asset service provider (VASP) in the region to receive this license. With the acquisition of this license, Crypto.com will officially launch its collaboration with the Dubai Ministry of Finance, allowing UAE residents to use crypto assets to pay for government service fees.Related fund settlements will be conducted in UAE Dirhams or in Dirham stablecoins approved by the Central Bank of the UAE. Additionally, after obtaining regulatory approval, Crypto.com also plans to advance the integration of crypto payments with Emirates Airlines and Dubai Duty Free based on this license.

According to CoinDesk, Crypto.com announced that its Chief Marketing Officer Steven Kalifowitz will officially step down on June 30 and subsequently take on the role of CEO advisor.During his nearly six-year tenure, Kalifowitz led the company’s investment of over $1 billion in brand marketing and partnerships, helping Crypto.com grow from a trading app to a globally recognized crypto brand. This includes a $700 million, 20-year naming rights partnership (Crypto.com Arena) and a $100 million advertising campaign in collaboration with Matt Damon.In addition, the company has also established high-exposure partnerships with Formula 1, UFC, and others. This personnel change marks a phased adjustment in Crypto.com's brand strategy.

Cryptocurrency exchange Crypto.com has signed a final agreement with High Roller Technologies, planning to enter the field by integrating prediction market business.Related event contracts will be offered through the exchange CDNA, which is already registered with the Commodity Futures Trading Commission (CFTC) in the United States, targeting U.S. users, and will compete with platforms such as Kalshi and Polymarket.

The Web3 asset data platform RootData has outlined the business partners of Crypto.com. Its strategy goes beyond exchange expansion, advancing through multiple paths such as payments, custody, and brand collaborations, aiming to create a comprehensive digital asset platform covering both institutional and consumer ends. * **Payment Infrastructure**: Crypto.com has integrated with Stripe, Mastercard, Yuno, TripleA, Lynq, etc., covering the complete link from checkout crypto payments to institutional-level real-time clearing. * **Institutional Trading and Custody**: VerifiedX has entrusted Crypto.com with institutional custody for its $1.5 billion digital assets; CoinRoutes provides smart order routing, CryptoStruct connects high-frequency trading, and Doblox offers AI trading terminals. * **Corporate Crypto Treasury**: Crypto.com collaborates with several Nasdaq-listed companies executing treasury strategies, including SOL Strategies, Sharps Technology, and IP Strategy. On the brand side, Crypto.com has formed deep ties with top sports IPs—renewing its partnership with **F1** until 2030 and sponsoring the Miami Grand Prix, as well as **UEFA Champions League**, **UFC**, **NBA Philadelphia 76ers**, **AFL**, and South American CONMEBOL; the long-term partnership with the LeBron James Family Foundation marks an extension of its brand collaboration into the celebrity family philanthropy sector. Additionally, Crypto.com has signed collaborations in the Middle East with Dubai Islamic Bank, DMCC, e& money, Tawasal Al Khaleej super app, and Emarat gas station network, becoming an important participant in the local digital asset compliance ecosystem. Related compilation: 【[Crypto.com Web3 Partner Network Compilation (Continuously Updated)](https://cn.rootdata.com/Archives/detail/Crypto.com%20Crypto%20Business%20Partner?k=NDc0MTU3)】 Cryptocurrency projects actively showcasing their partner networks have become a key way to enhance transparency and market trust. It is reported that RootData welcomes Web3 project parties to [claim data](https://www.rootdata.com/Projects/submit?ft=claimApply) and continues to track and open more project business relationship disclosure channels. The platform has continuously released multiple issues of the cryptocurrency project ecosystem map, nominating Web3 ecosystem partners for upstream clients such as Visa, Stripe, and Coinbase. **If you wish to nominate your project in future ecosystem maps, please fill out the 【[RootData 2026 Industry Ecosystem Mapping](https://forms.gle/tWArmXcpSfZJkh1r8)】 form to supplement your important clients and partners.**

According to Arkham data, at 09:28, 452.33 BTC (worth approximately $30.2257 million) was transferred from one anonymous address (starting with 383Sawi...) to another anonymous address (starting with 3Bkp4VD...). Subsequently, the address transferred a portion of the BTC (0.001498 BTC) to Crypto.com.

According to Arkham data, at 08:16, 473.43 BTC (worth approximately 31.16 million USD) was transferred from one anonymous address (starting with bc1qfyx...) to another anonymous address (starting with 3L3sQEY...). Subsequently, this address transferred a portion of the BTC (0.0017411 BTC) to Crypto.com.

According to Arkham data, at 22:37, 473.5 BTC (worth approximately 31.48 million USD) was transferred from one anonymous address (starting with bc1qpmx5p...) to another anonymous address (starting with 35ej5UrV...). Subsequently, the address transferred a portion of the BTC (0.01503 BTC) to Crypto.com.

According to Arkham data, at 06:00, 253.14 BTC (worth approximately 16.51 million USD) was transferred from multiple anonymous addresses to Crypto.com.

According to market news, the on-chain platform for real-time social entertainment experiences, Watch.fun, has completed a $8.6 million financing round, led by Crypto.com Capital and Solana Ventures, with participation from Spartan Capital, Big Brain Holdings, Griffin Gaming Partners, Animoca Brands, Morningstar Ventures, OrangeDAO, and others. The funds will be used to accelerate product development, expand the curated product catalog, deepen strategic partnerships, and grow the team size.

Crypto.com CEO Kris Marszalek disclosed on social media that Crypto.com is officially advancing enterprise-level artificial intelligence (AI) integration across the company and simultaneously reducing approximately 12% of its positions. Affected employees have been notified, and the company will provide them with appropriate transitional support resources.Kris Marszalek stated that this strategic adjustment aims to combine the best AI tools with high-performing talent to achieve levels of scalability and precision that were previously unattainable. The positions being cut are primarily functional roles that are deemed unable to adapt to the new business model.

According to Arkham data, at 22:32, 288.47 BTC (worth approximately 20.82 million USD) was transferred from Coinbase to Crypto.com.

According to Cointelegraph, Crypto.com announced a partnership with South Korea's major payment gateway and value-added network service provider KG Inicis to launch cryptocurrency payment services for foreign tourists visiting South Korea.KG Inicis processes hundreds of millions of transactions annually, and approximately 190,000 merchants under its umbrella will integrate Crypto.com Pay, allowing international travelers to use digital assets for payments in physical stores and online platforms. Merchants can choose to receive payments instantly in fiat currency or digital assets.Eric Anziani, President and Chief Operating Officer of Crypto.com, stated that KG Inicis holds about 40% of the market share in South Korea's payment sector, and this collaboration aims to provide a more convenient digital asset payment experience for travelers to South Korea.Previously, several countries, including Bhutan and Thailand, have launched cryptocurrency payment projects aimed at tourists, and this partnership in South Korea continues that trend.

According to Arkham data, at 11:11, 400 PAXG (worth approximately $2.0464 million) were transferred from Binance to Crypto.com.