GoKawiil
Tech News
Prediction-market platform Kalshi has parted ways with Donald Trump Jr., who had served in an advisory capacity. The company said in a statement that it was grateful for his help marketing Kalshi to more customers.
The US Senate failed to muster the 60 votes needed to advance the Digital Asset Market Clarity Act, a bill meant to divide crypto oversight between the SEC and CFTC. Democrats blocked the measure over inadequate ethics provisions limiting officials, including President Trump, from profiting off crypto ventures while in office. Bitcoin, Ether, XRP, and Solana all dropped following the vote.
The Wall Street Journal reports that Sheikh Tahnoon bin Zayed al Nahyan, the UAE's national security advisor, and co-investors control a 49% stake through StringZ Holding RSC in WLTC Holdings, the parent company of a planned Trump-linked crypto bank. A Trump family-affiliated entity holds an additional 38% stake. Tahnoon previously invested $500 million in World Liberty Financial, another Trump-backed crypto venture, in January 2025.