๐ According to Bloomberg, several prime brokers serving hedge funds and institutional investors are moving to provide clients with access to the prediction-market platform Kalshi. Clear Street expects to clear its first trade later this month, while Marex Group plans to offer access in the coming months. Some institutions remain cautious due to concerns over liquidity, insider-trading risks, and regulatory lawsuits. #regulation link
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๐บ๐ธ๐ฝ SEC and CFTC Sign an MOU to Coordinate Crypto Regulation and Support New Product Development. #regulation
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๐บ๐ธ๐ Binance Research noted that U.S. midterm election years have historically seen elevated market volatility. Data shows an average peak-to-trough drawdown of about 16% for the S&P 500 and an average decline of about 56% for Bitcoin.
Markets often rebound once election outcomes are clear, with historical data showing average gains over the 12 months after midterms of roughly 19% for the S&P 500 and about 54% for Bitcoin. link
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Markets often rebound once election outcomes are clear, with historical data showing average gains over the 12 months after midterms of roughly 19% for the S&P 500 and about 54% for Bitcoin. link
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๐ณ Mastercard has launched a global partnership program in the cryptocurrency sector, bringing together over 85 companies from the digital assets and payments industry. The initiative aims to collaborate on developing payment and settlement systems based on blockchain. link
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๐ฅท #BONK Bonkfun, a platform for launching Solana tokens, community-governed and supported by Raydium and BONK, has warned users to avoid its website after hackers compromised the team's account and installed a program on the domain to siphon off cryptocurrencies. link
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๐ฆ Bank of England says itโs open to revising its proposed pound stablecoin rules after industry pushback. #stablecoin
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๐บ๐ธ๐ On March 11 (ET), U.S. spot Bitcoin ETFs recorded total net inflows of $115 million, with BlackRockโs IBIT logging the largest single-day net inflow at $115 million.
Spot Ethereum ETFs posted total net inflows of $57.01 million, led by Fidelityโs FETH with $19.13 million in net inflows. link
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Spot Ethereum ETFs posted total net inflows of $57.01 million, led by Fidelityโs FETH with $19.13 million in net inflows. link
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