A federal appeals court ruled Friday that Kalshi is not entitled to an injunction preventing Nevada from overseeing its prediction-markets platform, where users can bet on sporting-event outcomes.

KalshiNevadasports prediction markets

Circle’s USDC has become Chelsea’s new front-of-shirt sponsor in what is described as the Premier League’s first sponsorship deal of its kind. Financial terms were not disclosed, although earlier reports said Chelsea was seeking £65 million ($88.3 million) per year for the position.

CircleChelseaUSDCPremier League sponsorship

Circle has reached a front-of-shirt sponsorship agreement with Chelsea. Starting this season, its USDC stablecoin will be prominently displayed on the shirts of the club’s men’s, women’s and academy teams.

CircleChelseaUSDC

Volkswagen’s supervisory board is due to meet in a week to consider the company’s biggest-ever turnaround plan, which has set management against unions and Lower Saxony, its second-largest shareholder.

Volkswagenturnaround plansupervisory boardLower Saxony

XRP treasury firm Evernorth said the S-4 registration statement tied to its merger with SPAC company Armada is now effective, clearing the way for its planned Nasdaq listing.

EvernorthXRPNasdaq

The Trump administration is discussing with Venezuela’s interim government whether to take an ownership stake in the South American country’s oil resources, Axios reported on Thursday, citing two U.S. officials.

Trump administrationVenezuelaoil resources

Trump administration officials are negotiating an agreement that would give the United States long-term access to part of Venezuela’s crude reserves, according to people familiar with the talks. The United States is overseeing Venezuela’s oil exports.

United StatesVenezuelaoilenergy deal

The United States is negotiating with Venezuela over taking a large stake in the country’s oil fields. The move is framed as a dramatic Trump administration effort to extend its influence over the post-Maduro government and Venezuela’s vast energy reserves.

United StatesVenezuelaoilTrump administration

World Liberty’s proposed trust bank has received preliminary federal approval, according to the Wall Street Journal. The Trump-backed crypto venture is deepening its ties to a senior UAE official who backs taking a 49% stake in the project.

Donald TrumpUnited Arab Emiratescryptocurrencybanking

Canada removed fish and seafood products from its planned counter-tariff list after industry warnings that the measures could raise costs and invite further U.S. retaliation. The tariffs, covering about $20 billion in American goods, are set to take effect September 8.

CanadaUnited Statestariffsseafood

Fed chair Kevin Warsh will need to reassure markets in his forthcoming speech.

Federal ReserveJackson Holemarkets

Crypto traders are watching for Fed Chair Kevin Warsh’s speech in Jackson Hole. One analyst expects him to take a tough stance on inflation, while still predicting that the Fed will delay rate hikes until at least after the November midterm elections.

cryptocurrencyFederal Reserveinflationinterest rates

Investors are preparing for Kevin Warsh’s first speech as chair of the US Federal Reserve at the central bank’s annual economic policy meeting. His comments on the US interest-rate outlook at Friday’s Jackson Hole symposium could offer clues for markets, including stocks and bonds recently pressured by rising Treasury yields.

Federal ReserveJackson Holeinterest rates

Treasury yields edged lower as investors prepared for the release of initial jobless claims data and a closely watched speech by Federal Reserve Chair Kevin Warsh.

Treasury yieldsjobs dataJackson Hole

South Korea’s Mirae Asset is reportedly targeting a $109 billion digital asset business centered on Digital X, with profitability planned by 2027.

Mirae AssetDigital Xdigital assetsSouth Korea