Citi is teaming up with Coinbase to build crypto payment tools for institutional clients, the firms said Monday. 

Prediction market Kalshi is suing the New York State Gaming Commission, claiming the state’s attempt to block its sports-related contracts violates federal law.

The New York Stock Exchange will list four new spot crypto ETFs this week, including funds tied to Solana, Litecoin and Hedera.

Top stories in the Crypto Roundup today:

• Citi Teams With Coinbase to Build Digital Asset Payment Tools for Institutional Clients
• Prediction Market Kalshi Sues New York Regulator Over Sports Betting Dispute
• NYSE to List Solana, Litecoin, Hedera Spot Crypto ETFs Despite SEC Shutdown

Citi Teams With Coinbase to Build Digital Asset Payment Tools for Institutional Clients

Citi is teaming up with Coinbase to build crypto payment tools for institutional clients, the firms said Monday. 

The first phase will focus on streamlining fiat deposits and withdrawals using Coinbase’s infrastructure. Later, the bank may offer 24/7 stablecoin payment options and other payout tools.

Debopama Sen, Citi’s head of payments, said the effort supports the bank’s goal of connecting financial networks across its global footprint.

The move adds to Citi’s digital push, which includes services like Citi Token and USD Clearing. The bank also plans to launch crypto custody services in 2026, enabling clients to hold assets like bitcoin and ether.

Prediction Market Kalshi Sues New York Regulator Over Sports Betting Dispute

Prediction market Kalshi is suing the New York State Gaming Commission, claiming the state’s attempt to block its sports-related contracts violates federal law.

In a lawsuit filed Monday, Kalshi said its contracts, allowing users to trade on sports outcomes, are legal under its designation with the Commodity Futures Trading Commission (CFTC). 

The firm argues the CFTC has exclusive control over derivatives on regulated exchanges, and that state-level bans could disrupt that authority.

New York regulators say the contracts amount to illegal sports betting. Kalshi counters that enforcing the state’s cease-and-desist order would expose it to penalties from both New York and federal regulators.

NYSE to List Solana, Litecoin, Hedera Spot Crypto ETFs Despite SEC Shutdown

The New York Stock Exchange will list four new spot crypto ETFs this week, including funds tied to Solana, Litecoin and Hedera.

Listing notices posted Monday show trading could start as early as Tuesday, with the Grayscale Solana Trust launching Wednesday. Other funds include offerings from Bitwise and Canary Capital.

The move comes despite the ongoing U.S. government shutdown, which has limited SEC operations. Issuers appear to be using listing rules that don’t require full SEC approval.

The ETFs follow last year’s bitcoin and ether fund launches and are the first to expand into other digital assets. Some of the new products also include staking features.

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