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Crypto

CFTC sues New Mexico over effort to block Kalshi prediction market as jurisdiction fight spreads

The U.S. Commodity Futures Trading Commission has sued New Mexico over sports betting offered by prediction market Kalshi, The Block reported on Thursday. The agency filed the lawsuit in federal court against Governor Michelle Lujan Grisham and Attorney General Raul Torres. The case seeks to block the state from applying gaming laws and is the latest move by the CFTC to assert jurisdiction over prediction markets, particularly sports betting.

AI & Enterprise

Mistral AI seeks additional 3 billion euros in funding at 20 billion euros valuation

French AI company Mistral AI is holding early talks to raise about 3 billion euros in new funding, Bloomberg News reported on Thursday. The round could value Mistral at about 20 billion euros, nearly double its 11.7 billion euros valuation in its Series C round in September last year. Mistral provides some foundation models with open weights and also offers closed models tailored to specific uses.

Crypto

Bitcoin miner 'capitulation' signal seen again, but bottom not yet in

Bitcoin mining profitability has fallen below 5 percent, drawing renewed attention to a “miner capitulation” signal as spot prices lag difficulty and production costs. On-chain indicators show a pattern similar to past bear markets, when miner stress raised selling pressure but also marked accumulation zones for long-term investors. Capriole Investments founder Charles Edwards said bitcoin is trading near production cost, with mining margins at 4.67 percent. Some analysts say it is too early to call a final bottom, citing potential broader financial market corrections.