CFTC Appeals Ruling Favoring Kalshi on Election Bets
The CFTC argued that election-based markets are vulnerable to manipulation and could undermine public trust. The United States’ Commodity Futures Trading Commission (CFTC) is appealing a recent court decision that would allow the prediction market platform Kalshi to offer contracts linked to US election results. The current legal struggle has raised several questions regarding the […]
Bank of Japan Maintains Interest Rates
Core consumer inflation in Japan reached 2.8% in August, fueling speculation that the Bank of Japan may raise rates. The Bank of Japan (BOJ) has decided to maintain interest rates at their current level of 0.25%, which is a significant macroeconomic event. This new discovery has increased the Nikkei index by 2.10 percent and 700 […]
Bitget Partners with Top Football League to Boost Crypto
Bitget, a leading cryptocurrency exchange, has partnered with La Liga as its official cryptocurrency partner. Bitget, a well-known cryptocurrency exchange, has signed a deal with La Liga, Spain’s most prestigious football league, to become the league’s official cryptocurrency partner. The partnership is worth many millions of dollars. The announcement of this deal at the Token2049 […]
SOL price jumps 5% as Solana Seeker Mobile Launches AI
SOL price has risen 6% to nearly $140 after the launch of Solana Seeker Mobile 2.0, a Web3 device with new AI features and enhanced security. In the past 24 hours, the value of SOL, which is the native cryptocurrency of the Layer-1 blockchain Solana, has increased by six percent in response to significant news […]
Jerome Powell Hints Uncertainty in Future Rate Cuts
Jerome Powell’s upcoming address follows the Federal Reserve’s first interest rate cut in four years, a 50-basis-point reduction. All eyes are now on Jerome Powell for his address, which comes after the Federal Reserve of the United States of America reduced interest rates by fifty basis points, the first reduction of its kind in four […]