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From Binance to Kalshi, from Sony to OpenAI, here are some of the news you may have missed this week.
CZ and Peter Schiff Clash Debate Bitcoin’s Economic Value at Binance Blockchain Week
Gold advocate Peter Schiff and Changpeng Zhao faced off at Binance Blockchain Week, where Schiff argued that Bitcoin produces no real economic value and only enables wealth transfer between buyers and sellers.Â
Schiff claimed that the creation of roughly 20 million BTC over the past 15 years has not made the world better off, asserting that holders who gained on paper will realize losses once they sell.
During the event, he was handed a gold bar onstage as a symbolic counterpoint to his critique. CZ and industry participants countered that Schiff’s position ignores Bitcoin’s utility as a global settlement network, store of value, and collateral layer used across financial platforms. They pointed to cross-border payments, institutional adoption, and new market infrastructure as evidence that Bitcoin generates economic capability beyond price speculation.Â
Kalshi Partners with CNN After $1B Funding Round
Prediction markets platform Kalshi became CNN’s official prediction market partner following a $1 billion Series E funding round that values the company at $11 billion.Â
Under the agreement, CNN will display Kalshi’s real-time probabilities in broadcasts, including a live on-screen ticker, and newsroom staff will use the data to support reporting on politics, economics, and major cultural events. The round was led by Paradigm, with participation from Sequoia Capital, Andreessen Horowitz, and ARK Invest.
Kalshi reported record trading volumes of $4.54 billion in November, a 1,000% increase since 2024, surpassing competitor Polymarket’s $3.76 billion.Â
CEO Tarek Mansour said the platform reflects public expectations through market pricing rather than speculation. Kalshi is also facing a nationwide class-action lawsuit alleging unlicensed sportsbook operations, though the company has not admitted wrongdoing.
Binance Launches Junior Crypto Accounts for Children
Binance introduced Binance Junior, a savings account that allows parents to invest in crypto on behalf of children aged six to 17.
The sub-accounts are fully controlled by parents, who can link up to five Junior accounts and transfer funds from their main Binance account or external wallets. Children can only move funds back to their parents or to other Junior accounts, with daily transfer limits of $400, and cannot trade or withdraw on-chain.
The program, aimed at teaching crypto literacy and financial habits, allows funds to earn interest through Binance’s Junior Flexible Simple Earn product in certain regions. Binance described it as a “family-centric app” to prepare youth for a financial landscape increasingly integrated with digital assets, while industry experts note it also helps the exchange attract future customers.
Sony Bank Plans U.S. Stablecoin for Games and Anime Payments
Sony Bank is preparing to launch a U.S. dollar-pegged stablecoin in the United States as early as fiscal 2026, aiming to facilitate payments for its games, anime, and subscription content, Nikkei reported.Â
The bank plans to establish a U.S.-based unit and has partnered with stablecoin issuer Bastion, using its infrastructure to operate the project.
The initiative seeks to reduce transaction fees from credit-card payments and expand Sony’s digital payment ecosystem, particularly for U.S. customers, who make up over 30% of the company’s external sales. The move follows Sony Block Solutions Labs’ January launch of its Ethereum Layer 2 network, Soneium, designed to support content creators, fans, and communities.
Judge Orders OpenAI to Surrender 20 Million Chat Logs in Copyright Clash
A federal magistrate judge in Manhattan has ordered OpenAI to hand over 20 million anonymized ChatGPT conversation logs to The New York Times and other news publishers. In a ruling made public on Wednesday, U.S. Magistrate Judge Ona T. Wang rejected the tech giant’s attempts to withhold the data, affirming that the records are critical evidence in the high-stakes copyright lawsuit. The publishers contend these logs are necessary to prove that the AI model unlawfully reproduces their copyrighted articles verbatim and to challenge OpenAI’s “fair use” defense.
OpenAI had vigorously opposed the discovery request, arguing that releasing such a massive volume of user history posed a severe privacy risk and that 99.99% of the chats were irrelevant to the case. The company’s security leadership warned that true anonymization is complex and could still expose sensitive user data. However,
Judge Wang dismissed these concerns, ruling that existing protective orders and de-identification protocols were sufficient safeguards. She ordered OpenAI to produce the cleansed records within seven days of completing the anonymization process.
This article is published on BiPinas: Crypto News Catch Up | Nov. 30 to Dec. 06, 2025
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