The Block - 2026-08-28 ​
5 items collected.
1. Ninth Circuit deals blow to Kalshi in Nevada sports betting fight, challenging CFTC’s exclusive jurisdiction claim ​
Author: Sarah Wynn
Published: 8/28/2026, 7:50:48 PM
Categories: Policy, Regulation, CFTC, News
An appeals court sided with a lower court's ruling that Kalshi failed to show that the federal government preempts Nevada’s authority.
2. Bitwise fund is first Solana ETF to hit $1 billion AUM ​
Author: Jason Shubnell
Published: 8/28/2026, 3:48:52 PM
Categories: Deals, Funds, Institutional Investors, Markets, Asset Managers, Solana ETF, News
The Bitwise Solana Staking ETF (ticker BSOL) crossed $1 billion AUM on Friday, less than a year after its launch.
3. Bybit launches 24/7 options on stock perpetuals, starting with SpaceX and Nvidia ​
Author: Jason Shubnell
Published: 8/28/2026, 2:44:23 PM
Categories: Crypto Ecosystems, DeFi, Markets, DEXs, News
Beginning Sept. 17, Bybit users will be able to trade 24/7 options on SPCX and NVDA, with fractional lots and USDT settlement.
4. SBI Holdings invests $270 million in Ajaib, taking 20% stake amid Asia digital asset push ​
Author: James Hunt
Published: 8/28/2026, 1:32:26 PM
Categories: Companies, Crypto Ecosystems, Deals, Venture Capital, Web3, Asia, Strategic Investments, News
Ajaib offers crypto and stablecoins alongside traditional investments, including OTC settlement services for institutional clients.
5. IREN’s $25 billion-$30 billion AI buildout may have ‘spooked’ investors, Bernstein says ​
Author: James Hunt
Published: 8/28/2026, 12:57:52 PM
Categories: Companies, Crypto Ecosystems, Crypto Infrastructure, Equities, Layer 1s, Markets, Token Projects, Web3, AI, Analyst Reports, Bitcoin, Mining Companies, News
IREN has $4 billion in contracted cloud ARR for 2026 capacity and has secured over $20M in annual revenue per IT megawatt on recent deals.