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 […]
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 […]
Analysts Predict Bitcoin Volatility Ahead of US Interest Rate Decision
The Fed is poised to announce its first interest rate cut since the pandemic, potentially causing further volatility before the next Bitcoin leg up. Bitcoin’s price faces potential downside pressure ahead of tomorrow’s interest rate decision, following the loss of key support at $60,000. Bitcoin volatility may lead to unpredictable price movements before the Federal Reserve’s […]
US SEC Fines Flyfish Club $750K for NFT Violations
Flyfish Club raised $14.8 million by selling around 1,600 NFTs, marketed as memberships to an exclusive dining club. In response to Flyfish Club, LLC’s unregistered sale of non-fungible tokens (NFTs), the United States Securities and Exchange Commission (SEC) has issued an order against the company. The judgment has led to a growing disagreement within the […]
USDC Issuer Circle Relocates Headquarters to New York Ahead of IPO
Circle is seen as critical to the mainstream adoption of cryptocurrencies, providing a bridge between fiat currencies and the digital economy. Circle, the issuer of the second-largest stablecoin, USDC, is relocating its global headquarters to New York City ahead of its planned Initial Public Offering (IPO). The company will establish its new base on “one […]