British Columbia will permanently ban new crypto mining operations from accessing its power grid, aiming to protect electricity for industries seen as more beneficial to the local economy.

Jupiter, a decentralized exchange built on Solana, has launched a prediction market for the Formula One Mexico Grand Prix, letting users bet on who will win the Oct. 27 race.

The team behind Kadena, a proof-of-work blockchain, said Tuesday it is shutting down and ending all support and development.

Top stories in the Crypto Roundup today:

• British Columbia to Ban New Crypto Miners From Power Grid Permanently
• Jupiter DEX Launches F1 Prediction Market Powered by Kalshi Ahead of Mexico Grand Prix
• Kadena Token Plunges 47% After Company Behind Blockchain Shuts Down

British Columbia to Ban New Crypto Miners From Power Grid Permanently

British Columbia will permanently ban new crypto mining operations from accessing its power grid, aiming to protect electricity for industries seen as more beneficial to the local economy.

BC Hydro will no longer approve connections for new mining sites. The province also plans to cap electricity use for AI and data centers, with a competitive allocation system starting in 2026.

The government said the move will preserve clean energy and prevent grid strain, noting crypto mining often consumes significant power with limited job or tax impact.

Jupiter DEX Launches F1 Prediction Market Powered by Kalshi Ahead of Mexico Grand Prix

Jupiter, a decentralized exchange built on Solana, has launched a prediction market for the Formula One Mexico Grand Prix, letting users bet on who will win the Oct. 27 race.

The market runs on infrastructure from Kalshi, a regulated event-trading platform, and offers speculation on top drivers like Max Verstappen, Lando Norris and George Russell. 

Traders buy “yes” or “no” shares on outcomes, with winning shares paying out $1. Prices fluctuate based on supply and demand, and positions can be exited before the event concludes.

As part of a beta rollout, Jupiter has placed limits to keep trading stable, capping global contracts at 100,000 and individual positions at 1,000.

Prediction markets like this blend finance with sports and gaming, offering real-time speculation on live events. Recent data from Dune Analytics shows that Kalshi and competitor Polymarket together processed more than $2 billion in weekly trading volume.

Kadena Token Plunges 47% After Company Behind Blockchain Shuts Down

The team behind Kadena, a proof-of-work blockchain, said Tuesday it is shutting down and ending all support and development.

The KDA token fell more than 47% on the news, trading at $0.12, a steep drop from its all-time high of $27.64 in 2021.

While the blockchain will remain operational through its global network of miners, the company will no longer promote or maintain it. A final software update will be released to allow node operators to continue without the team’s involvement.

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