An appeals court ruled Monday that New Jersey could not temporarily ban prediction market provider Kalshi, giving the platform a much-needed win against an onslaught of state enforcement actions. A Third Circuit Court of Appeals panel ruled in a 2-1 vote that the state could not bring an enforcement action against Kalshi because the company’s…
Polymarket said it expects to roll out a new 1:1 USDC-backed collateral token in the coming weeks as part of a broader overhaul of its trading platform, according to a post on X. The upgrade, described by the company as a “full exchange upgrade,” includes a rebuilt trading engine, updated smart contracts and a new…
Bitcoin’s BTC$69,812.76 muted price action is masking a buildup of downside risk in derivatives markets, where traders are increasingly positioning for a sharper move lower. According to a recent Bitfinex report, the options market is showing a persistent gap between implied and realized volatility, with implied volatility holding in the 48% to 55% range while…
Chaos Labs, one of Aave’s key risk managers, is leaving the DeFi lending giant’s ecosystem, marking the latest in a string of high-profile contributor exits that have reshaped the protocol’s core operating team in recent months. The departure follows earlier exits from major contributors like ACI (Aave Chan Initiative) and BGD Labs, signaling growing internal…
Crypto has added to a Sunday rally, with bitcoin BTC$70,134.20 rising above $70,000 in quiet post-Easter U.S. trading hours. The gains come alongside a modest advance in the major stock market averages ahead of President Trump’s Tuesday ultimatum for Iran to open the Strait of Hormuz. Just past the noon hour on the East Coast,…
A solo bitcoin miner running roughly 230 terahashes per second of computing power validated block 943,411 on Thursday, pocketing 3.139 BTC worth about $210,000 despite controlling a share of total network hashrate so small it rounds to zero on most dashboards. The miner was connected to solo.ckpool.org, the anonymous solo mining pool introduced in 2014…
Michael Saylor’s Strategy (MSTR) added 4,871 bitcoin to its treasury over the past week at an average price of roughly $67,718 per coin, spending approximately $329.9 million, according to a Monday filing. The purchase brings total holdings to 766,970 BTC acquired for $58.02 billion at an all-in average cost basis of $75,644. At bitcoin’s current…
By Omkar Godbole (All times ET unless indicated otherwise) It’s risk-on again for markets after a Reuters report suggested a ceasefire plan between the U.S. and Iran could come into effect on Monday, potentially reopening the Strait of Hormuz. Bitcoin BTC$69,587.38 has climbed over 4% over 24 hours to nearly $70,000, lifting sentiment across the…
Tokenization, the representation of real-life assets on a blockchain, could reshape both crypto markets and traditional finance, while introducing new risks that regulators are not yet equipped to manage, according to the International Monetary Fund (IMF). In a new report, the IMF described tokenization as more than a technical upgrade to markets. By moving assets…
Inflation returns to the center of attention this week, with a fresh inflow of data likely to shape expectations for U.S. interest rates and risk assets like bitcoin BTC$68,962.67. Thursday’s U.S. core PCE reading for February and Friday’s March CPI release will test the view that the Federal Reserve can afford to wait before cutting…
