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Crypto

Tennessee regulator orders three prediction markets to stop service, raising debate over conflict with federal rules

Tennessee’s Sports Wagering Council sent cease-and-desist orders to prediction market platforms Kalshi, Polymarket and Crypto.com’s North American Derivatives Exchange on Jan. 9. The regulator said offering sports event-based contracts to Tennessee residents amounts to illegal gambling under state law and ordered all trades voided and deposits refunded by Jan. 31. The platforms say they operate legally under federal regulation as CFTC-registered designated contract markets.

Crypto

Bitcoin and Ethereum ETFs post big outflows in first week of January; XRP and Solana ETFs see inflows

U.S. spot bitcoin and ether ETFs saw $749.6 million in net outflows in the first full trading week of 2026. Bitcoin ETFs took in $697.3 million on Jan. 5 but then posted four consecutive sessions of net outflows, ending the week at minus $681.0 million. Outflows peaked at $486.1 million on Jan. 7. Among altcoins, XRP ETFs posted $38.1 million of weekly net inflows and record weekly trading volume of $213.9 million. Solana ETFs also recorded $41.1 million of net inflows.

Finance

Shareholder returns open 20 trillion won era as Value Up 2.0 begins

Treasury share cancellations by South Korean listed companies rose to a record 21.4 trillion won in 2025, surpassing 20 trillion won for the first time, as cash dividends increased to 50.9 trillion won. The Korea Exchange plans stricter disclosure rules from this year, requiring firms holding at least 1 percent in treasury shares to disclose holdings and disposal plans. Governance reporting will expand to all KOSPI firms, while investors watch a June rebalancing of the Korea Value Up Index.