A research paper at the U.S. Federal Reserve praised the usefulness of prediction markets — specifically looking at Kalshi — in getting a real-time handle on economic policy. “Kalshi’s forecasts for the federal funds rate and [the U.S. Consumer Price Index] provide statistically significant improvements over fed funds futures and professional forecasters, all while providing…
Bitcoin BTC$66,549.45 and ether (ETH) both rose around 0.9% overnight while the broader altcoin market lagged on Thursday. BTC was recently trading at $67,000 following a brief touch of $66,000 on Wednesday. Ether, at $1,970 after bouncing off $1,924, is struggling to break through the psychological $2,000 price level. Volatility has waned since the selloff…
Ledn, a crypto lending company, has completed the first asset-backed securities (ABS) deal backed by bitcoin collateral, raising $188 million for crypto credit markets. Asset-backed securities are bonds backed by pools of underlying loans, with investors receiving payments from the cash flows generated by those loans. Bloomberg reported that the bonds are secured by a…
Bitcoin is on course to print its fifth consecutive weekly loss, which would mark the first such streak since March to May 2022, when bitcoin went down for nine consecutive weeks. As of Thursday Asia time, the largest cryptocurrency by market cap is already down roughly 3% on the week, below $67,000, according to CoinDesk…
Bitcoin trading remained volatile on Thursday, rising to around $67,000 after briefly dipping near $65,900, as traders weighed a new message from U.S. President Donald Trump claiming the nation’s trade deficit has been cut by 78% thanks to tariffs and could turn positive later this year. “The United States trade deficit has been reduced by…
Wallet infrastructure firm Kresus Labs has raised approximately 18 billion won ($13 million) in investment from Hanwha Investment & Securities, one of South Korea’s largest financial institutions. The investment follows a memorandum of understanding signed in December at Abu Dhabi Finance Week and is aimed at expanding Kresus’ enterprise digital wallet infrastructure, real-world asset (RWA)…
OpenAI is stepping deeper into crypto security with the launch of EVMbench, a new testing framework designed to measure how well artificial intelligence can understand and potentially secure smart contracts on Ethereum and similar blockchains. Smart contracts, self-executing code deployed on blockchains like Ethereum, underpin decentralized exchanges, lending protocols and a wide range of onchain…
Ethereum has crossed a symbolic threshold, with more than half the total ether (ETH) issued now held in its proof-of-stake (PoS) contract for the first time in the network’s 11-year history, Santiment said in a post on X that has been met with criticism. The onchain analytics firm on Tuesday said that 50.18% of all…
BitMEX co-founder Arthur Hayes says bitcoin’s BTC$68,168.18 recent 52% crash from its October all-time high is flashing a critical warning signal — but the crypto could ultimately soar to new records once the Federal Reserve responds to an AI-driven banking crisis he believes is imminent. In his latest essay, “This Is Fine,” Hayes argued that…
Investment manager Brevan Howard’s cryptocurrency fund fell almost 30% last year as the bitcoin BTC$67,409.91 bull run faltered, the Financial Times (FT) reported on Wednesday. The BH Digital Asset fund lost 29.5% of its value, its worst performance in a calendar year since its inception in 2021, according to the report, which cited people familiar…
