Bitnomial Clearinghouse LLC received approval from the US Commodity Futures Trading Commission (CFTC) to clear fully collateralized swaps, enabling its parent company, Bitnomial, to launch prediction markets and offer clearing services to other platforms. According to Friday’s announcement, Bitnomial’s prediction market will cover crypto and economic events, alongside its existing Bitcoin (BTC) and crypto derivatives…
HBAR trades lower Thursday after breaking through multiple technical levels during an afternoon selloff that pushed the token down 4% to $0.1247. The native token of the Hedera network posts a $0.0082 range representing 6.4% volatility as resistance at $0.1320 proves insurmountable for bulls attempting to extend gains. Volume patterns reveal heightened institutional participation throughout…
Interactive Brokers will now allow retail investors to fund individual brokerage accounts with stablecoins, a step aimed at keeping pace with the increasingly competitive retail trading market, Bloomberg reported Friday. The Greenwich, Connecticut-based brokerage firm competes with rivals including Robinhood Markets Inc. and Charles Schwab Corp. and earlier this year expanded its cryptocurrency trading capabilities…
DOT$1.9694 suffered a technical breakdown during Friday’s session as the token plunged from a high of $2.09 to $1.97, erasing its previous rally momentum. The decline occurred on heavy volume that reached 284% above normal levels, according to CoinDesk Research’s technical analysis model. The model showed that the token broke support at $2.05 as selling…
Artificial intelligence-focused stocks are coming under pressure on Friday, dragging tech-related equities and bitcoin BTC$90,238.80 lower during the early U.S. session. Chipmaker Broadcom (AVGO), the ninth largest asset by market cap, tumbled 10% despite strong earnings as its outlook disappointed investors’ lofty expectations. The Nasdaq index was down over 1% in the first hour of…
Crypto wallet Phantom is rolling out prediction markets for its 20 million users through a partnership with Kalshi, the U.S.-regulated event trading exchange, the firm said on Friday. The feature will allow Phantom users to trade on real-world outcomes such as U.S. elections, macroeconomic events or crypto prices without leaving the wallet interface. Phantom is…
The U.S. Securities and Exchange Commission (SEC) implicitly granted approval for some stocks and other securities to be tokenized and traded on blockchains. The Depository Trust & Clearing Corp. (DTCC), the world’s largest securities settlement system, said on Thursday that a subsidiary, the Depository Trust Co. (DTC), received a no-action letter allowing it to offer…
For the first time in five years, the Russell 2000 Index (IWM) is hitting record highs while bitcoin BTC$92,441.66, which usually tops in tandem, is out of sync and remains 27% below October’s record. History suggests the largest cryptocurrency and cryptocurrencies more broadly are likely to catch up. The Russell 2000, a gauge of U.S….
Cryptocurrency exchange Coinbase (COIN) and crypto-friendly bank Standard Chartered (STAN) said they expanded a partnership on digital assets to explore the development of trading, prime services, custody, staking and lending products for institutional clients. The deal builds on the existing tie-up between the two companies in Singapore, where Standard Chartered provides banking connectivity that enables…
U.S. stocks pulled back Thursday after Oracle Corp. posted its steepest decline in nearly a year, reigniting concerns that heavy artificial intelligence spending is straining balance sheets faster than it is generating returns. Meanwhile, the crypto market traded with relative stability, decoupling modestly from equity weakness as traders remained selective about risk. Bitcoin traded back…
