News linked to both this project and an event.
Odaily News: The meme coin "Niu Lai" was listed on Binance Alpha yesterday. After a brief pullback following the news-driven surge, it rebounded in the early hours of today, briefly surpassing a $40 million market cap and currently standing at $38.03 million. DeGods founder Frank has been steadily accumulating, with his current holdings exceeding $500,000 in "Niu Lai." He mentioned that the movie "Niu Lai" will soon be screened in the United States, which is actually a viewing party organized by Polymarket. Qwerty, the top address on the "Niu Lai" profit leaderboard, reduced some of its position yesterday afternoon and has not made any further moves to reduce or increase holdings since then.
: U.S. Federal District Judge Robert J. Shelby ruled that the Commodity Exchange Act does not prevent Utah from applying its anti-gambling laws to Kalshi's sports event contracts, granting Utah's motion for summary judgment and denying Kalshi's motion for a preliminary injunction. Shelby stated that the jurisdictional provisions of the Commodity Exchange Act are subject to multiple reasonable interpretations, and in such cases, courts generally do not support federal law preemption. He also rejected Kalshi's argument that amendments under the Dodd-Frank Act established federal preemption for derivatives trading. Kalshi spokesperson Jacki McGavick said the company disagrees with the ruling and will appeal to the Tenth Circuit Court of Appeals. Currently, Utah users can still use sports event contracts, and the state has not yet initiated enforcement action. The New York Attorney General has already cited the ruling as supplementary grounds in opposing the CFTC's motion for a preliminary injunction against New York state. Earlier, New York sued Kalshi last week, alleging that it operates as an unlicensed gambling operator.
HIVE Executive Chairman Frank Holmes stated that the company's cluster of 504 NVIDIA B200 GPUs at Bell Canada's Manitoba AI fabric generates approximately $2.90 per GPU per hour in revenue; by comparison, HIVE's Bitcoin mining equipment generates approximately $0.12 per hour. HIVE's total revenue for fiscal year 2026 reached $298 million, up 158% year-over-year; digital currency revenue from Bitcoin mining grew 164%. During the same period, average hash rate stood at 22.2 EH/s, up 290% year-over-year, accounting for approximately 3% of the Bitcoin network's total hash rate, and the company mined 2,885 BTC. HIVE's BUZZ HPC division, which houses its AI and high-performance computing business, generated revenue of $19.5 million, up 94% from $10 million in the prior fiscal year. The company also signed GPU cloud agreements worth approximately $220 million with Bell and AI company Cohere, and raised $75 million through a note issuance to fund AI infrastructure expansion. HIVE is building a 320-megawatt AI data center in the Greater Toronto Area, with plans to eventually house more than 100,000 GPUs. The company stated that if the facility becomes fully operational in the second half of 2027, it could generate approximately $360 million in annualized recurring revenue.
Odaily Former SEC Chair and former CFTC Chair Gary Gensler, in an amicus brief filed with the U.S. Court of Appeals for the Sixth Circuit, stated that the Dodd-Frank Act does not grant the CFTC the authority to regulate sports betting.This position directly contradicts the claims of current CFTC Chair Michael Selig and prediction market platform Kalshi, who argue that contracts related to sports events fall under federal regulatory scope rather than state gambling oversight.Gensler pointed out that if the Dodd-Frank Act truly preempted state authority over sports betting, it would have been major news at the time, yet no one understood it that way. He served as CFTC Chair from 2009 to 2014 and was responsible for implementing rules under the Dodd-Frank Act.The amicus brief pertains to litigation between Kalshi and the state of Ohio. The Ohio gambling regulator had demanded Kalshi cease offering sports-related event contracts to state residents, leading Kalshi to sue the state. However, a request for a preliminary injunction was denied by the court. The CFTC supports Kalshi, arguing that Ohio has overstepped its authority.Over the past year, the CFTC has continuously sought to expand its regulatory reach over prediction markets, having sued several states to establish its jurisdiction. This week, the agency also proposed broader rules for prediction markets, generally supporting sports-related contracts while aiming to impose stricter restrictions on betting concerning events such as terrorist attacks, assassinations, and wars.