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In its long-running legal fight to offer event contracts on U.S. elections, Kalshi regularly emphasized it is a regulated exchange, in contrast to its much-larger, crypto-based, offshore rival Polymarket. That hasn’t stopped Better Markets, an activist group that advocates for stricter financial regulations, from citing activity on Polymarket as one reason to stop Kalshi from
Stablecoins could capture 5%-10% share of the global money supply over the next decade, Circle CEO Jeremy Allaire said. Next year will be pivotal for stablecoin regulations, Allaire said, anticipating many countries in the G20 group and emerging markets having laws in place by the end of 2025. 17:48 Crypto Policy Talk With Circle’s Dante
Spot bitcoin exchange-traded funds will soon hold over one million BTC. The funds recorded one of their biggest week of inflows last week, taking in over $2.1 billion in just five days. BlackRock’s iShares Bitcoin Trust (IBIT) could soon cross the 400,000 bitcoin mark. 01:54 BlackRock Buys More MicroStrategy Shares; Citi Debanked Ripple’s Brad Garlinghouse
The AI bot Terminal of Truths on X has popularized the GOAT memecoin, which saw its market cap soar from $3 million to about $800 million, driven by social media interactions and the bot’s endorsements. Despite the hype around “sentient” AI bots promoting cryptocurrencies like RUSSELL, these bots are actually large language models (LLMs) influenced
In today’s edition: Arbitrum, Synthetix, FLock.io, Aptos Foundation, Raise, BitGPT, D3 Global, Identity Digital, Variational, Uniswap Labs, Mantra, Stokr, Sygnum Bank, Rocketon, Across, BlockFills, GOAT Network. 01:22 Uptober Forming Amid Rising Stablecoin Liquidity and Bitcoin Transactions 00:56 Len Sassaman-Themed Memecoins Surge Ahead of HBO Bitcoin Creator Documentary 01:01 Bitcoin Breaks $64K While Gold Soars 00:56
The Grass airdrop eligibility checker, an important feature of the decentralized physical infrastructure network (DePin) project, has launched to a less-than-enthusiastic reception. Grass, in its commitment to democratizing the internet, proclaimed this launch as the inception of “a decentralized movement of millions worldwide taking back collective control of the web.” Despite the promising rhetoric, the
Cryptocurrency trading platform Robinhood has agreed to pay up to $3.9 million in settlement fees following complaints filed by customers several years ago. The penalties also include new, stricter conduct requirements. The investigation into Robinhood was prompted by consumer grievances related to questionable practices within its cryptocurrency division. Robinhood to Pay $3.9 Million to Customers
The network’s decision to replace its native token with a new one should typically spark a positive response. However, since Polygon confirmed the September 4 date for migrating its native token MATIC to POL, it has faced a series of problems. User activity has declined, and large holders have steadily offloaded their tokens, putting downward
Ether futures volumes on CME slipped in August as bitcoin volumes rose. Globally, there has been a shift from alternative cryptocurrencies and into bitcoin. Exchange-traded funds (ETFs) tied to the ether (ETH) price debuted in the U.S. late July, opening doors for investors seeking exposure to the cryptocurrency while bypassing the hassle of storing it.