The White House’s regulatory review office is examining a proposed Commodity Futures Trading Commission (CFTC) rule on prediction markets, according to a federal filing that could shape how platforms such as Kalshi and Polymarket operate across the U.S. A RegInfo.gov entry shows that the proposal was received by the Office of Information and Regulatory Affairs…
XRP finally slipped below the $1.30 area traders had been defending for months, and the move came with enough volume to matter. The market had already been weakening beneath resistance near $1.35, but once support gave way, sellers pushed price lower quickly before dip buyers stepped in near session lows. News Background • XRP derivatives…
Ether’s (ETH) price sell-off is gathering steam amid broader market risk aversion. Yet its futures market is busier than ever, creating a notable divergence with bearish implications. ETH dropped below $2,000 on Thursday morning for the first time since late March. It is down nearly 8% over the past seven days, with losses exceeding 5%…
BlackRock’s iShares Bitcoin Trust shed $527.84 million on Wednesday, the second-largest single-day net outflow since the fund launched in January 2024, per SoSoValue data. The figure missed the record by a razor-thin margin. IBIT’s biggest outflow on record remains the $528.3 million pulled on Jan. 30, which Wednesday’s draw came within about $500,000 of matching….
One fund manager has issued a stark warning: Bitcoin’s BTC$72,903.98 ongoing selloff may deepen as upcoming U.S. Treasury operations are expected to drain roughly $150 billion in liquidity from the financial system. “In my experience, Bitcoin tends to be a better liquidity indicator than most other instruments. If the Treasury settlements are a drain on…
At the recent Senate Banking markup of the Digital Asset Market Clarity Act (CLARITY), Senator Angela Alsobrooks (D-MD) shared a story that should resonate with every parent in America. She spoke about her twenty-year-old daughter and her daughter’s generation – their intuitive interest in digital assets and their desire for a modern financial system that…
Block’s Cash App has quietly begun rolling out its highly anticipated stablecoin payment feature, a source familiar with the matter told CoinDesk Wednesday. According to this individual, the feature is now active for 25% of Cash App’s nearly 60 million users, with plans to scale to 100% by the end of the week. A spokesperson…
The U.S. Commodity Futures Trading Commission wants to tear up the remnants of an old dispute with crypto exchange Gemini, with the agency insisting that its own staff’s assertions about Gemini making misleading statements weren’t handled properly. The CFTC filed a request alongside Gemini in federal court to negate a settlement secured at the start…
Jefferies said it expects a new wave of crypto and blockchain-related public listings as institutional adoption of digital asset infrastructure accelerates across Wall Street and the payments industry. In a report published after its first Digital Assets Investor Conference in New York, Jefferies said it expects a surge of crypto-related public listings over the next…
A Google security engineer, Michele Spagnuolo, was arrested and charged over alleged insider trading by placing bets on Polymarket about what Google users were searching, U.S. officials alleged on Wednesday. According to a complaint unsealed by the U.S. Attorney’s Office for the Southern District of New York, Spagnuolo used “material nonpublic information” to place bets…
