Regulatory Scrutiny on Crypto Custody, Legal Appeals, and Berachain Network Upgrade
Regulatory Scrutiny on Crypto Custody, Legal Appeals, and Berachain Network Upgrade
Recent news highlights the European Securities and Markets Authority's (ESMA) focus on crypto custody risks post-MiCA transition, examining key management and third-party reliance. Separately, Kalshi has appealed a New York court's decision regarding state gambling law enforcement. Concurrently, Berachain is undergoing a significant hard fork, phasing out its BGT token and shifting its reward system to WBERA as part of its PoL Next upgrade.
The EU securities regulator will assess custody providers’ key management, incident response and reliance on third-party technology providers.
Kalshi appealed to the Second Circuit after a New York federal judge denied its request to block state gambling officials from enforcing local laws against its sports event contracts.
Berachain launched the first stage of its PoL Next upgrade, which will phase out the BGT token and shift the network's reward system to WBERA.