A new advocacy organization, Americans for Fair Markets (AFM), has been established with the backing of Kalshi, a prominent prediction market platform. The group’s formation, timed with the approach of midterm elections, signifies a strategic move to influence the regulatory…
Polymarket, a decentralized prediction market platform, has initiated an internal investigation following reports of suspicious outflows from its UMA CTF Adapter infrastructure on the Polygon network. Onchain investigator ZachXBT initially flagged significant fund movements from two addresses associated with the…
Congressional Probe Targets Insider Trading on Prediction Markets A significant development in the regulatory landscape of prediction markets has emerged, with House Oversight Committee Chairman James Comer initiating an investigation into potential insider trading on prominent platforms Kalshi and Polymarket.…
Polymarket is reportedly taking steps to expand into the Japanese market, signaling a strategic move to enter a jurisdiction with evolving digital asset regulations. The prediction market platform has appointed a regional representative and is preparing to pursue government approval,…
South Korean authorities are now considering the potential abolition of a planned cryptocurrency tax following a national petition that garnered over 50,000 signatures. The petition, submitted to the National Assembly, argues that taxing digital assets while traditional financial investments like…
The protracted legal dispute between crypto firms Galaxy Digital and BitGo intensified this week as the companies convened in court regarding a failed merger valued at $1.2 billion. BitGo is pursuing a claim of at least $100 million against Galaxy,…
Prefer us on Google Download App Download App The narrative surrounding Bitcoin price recovery is facing challenges. The world’s premier cryptocurrency has seen a drop of nearly $5,000 from its recent peak of $82,000, now trading around $76,900 as of…
Prefer us on Google Download App Download App Btrust, the non-profit organization committed to decentralizing Bitcoin open-source development, has revealed the appointment of a new Board of Directors, signifying the conclusion of a significant governance transition and the commencement of…
Prefer us on Google Download App Download App TD Cowen has elevated its price objective for MicroStrategy (MSTR) to $400, citing substantial bitcoin acquisition and a revised financing approach as primary factors for potential growth. With the stock currently trading…
Ark Invest Expands Bullish Holdings Amidst Market Fluctuations Ark Invest, led by Cathie Wood, has significantly increased its stake in Bullish, acquiring approximately $5 million worth of shares on Thursday. This strategic move occurred as Bullish’s stock experienced a decline,…