🇺🇸📊 Kalshi Wins Key Appeals Court Ruling on Sports Event Contracts
The U.S. Third Circuit Court of Appeals ruled that Kalshi’s sports-related event contracts qualify as swaps under the Commodity Exchange Act and fall under the exclusive jurisdiction of the Commodity Futures Trading Commission.
The court held that New Jersey cannot enforce state gambling laws against Kalshi’s federally regulated platform, calling such state action inconsistent with the federal framework.
The decision is seen as a major legal precedent for prediction markets. #regulation link
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The U.S. Third Circuit Court of Appeals ruled that Kalshi’s sports-related event contracts qualify as swaps under the Commodity Exchange Act and fall under the exclusive jurisdiction of the Commodity Futures Trading Commission.
The court held that New Jersey cannot enforce state gambling laws against Kalshi’s federally regulated platform, calling such state action inconsistent with the federal framework.
The decision is seen as a major legal precedent for prediction markets. #regulation link
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👀 Bloomberg: Binance Chief Compliance Officer Noah Perlman May Depart
According to Bloomberg, Binance's Chief Compliance Officer, Noah Perlman, is discussing the possibility of leaving his post this year or next with management. He joined Binance in 2023 after the company admitted to violating US sanctions and anti-money laundering regulations, and was responsible for rebuilding its compliance system.
Binance responded that there is currently no confirmed departure date or successor, and Noah remains committed to his work. #regulation link
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According to Bloomberg, Binance's Chief Compliance Officer, Noah Perlman, is discussing the possibility of leaving his post this year or next with management. He joined Binance in 2023 after the company admitted to violating US sanctions and anti-money laundering regulations, and was responsible for rebuilding its compliance system.
Binance responded that there is currently no confirmed departure date or successor, and Noah remains committed to his work. #regulation link
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🗣 President Trump says he wants to seize Iran's oil.
"It's there for the taking. There's not a thing they could do about it."
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"It's there for the taking. There's not a thing they could do about it."
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🔮 Polymarket to launch 1:1 USDC-backed crypto collateral token.
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🙅♂️⚠️ #AAVE Chaos Labs announced on the Aave governance forum that it will terminate its risk management engagement with Aave due to misalignment in risk management approach. The company cited contributor departures, increased complexity and operational burden from V4, and insufficient budget to support expanded risk responsibilities; BGD Labs and ACI had previously exited. link
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📊 #POLY Polymarket plans to upgrade its platform, including restructuring the trading mechanism and introducing its own stablecoin.
Polymarket USD: "Over the next 2-3 weeks, we will be updating the entire Polymarket exchange stack. New contracts. New order book. New collateral token." #stablecoin
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Polymarket USD: "Over the next 2-3 weeks, we will be updating the entire Polymarket exchange stack. New contracts. New order book. New collateral token." #stablecoin
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🗣 JPMorgan says the tokenized real-world assets market could grow to $13 trillion by 2030.
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📊 #BTC Glassnode Report: Overall, the recovery looks constructive
Dynamics are improving, spot demand is stabilizing, and there is a noticeable decrease in loss-oriented behavior across the market.
However, activity on exchanges, ETFs, and in the blockchain remains low, indicating that confidence has not fully recovered yet. link
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Dynamics are improving, spot demand is stabilizing, and there is a noticeable decrease in loss-oriented behavior across the market.
However, activity on exchanges, ETFs, and in the blockchain remains low, indicating that confidence has not fully recovered yet. link
Free Academy & VIP Access
📊 #BTC Glassnode Report: Overall, the recovery looks constructive
Dynamics are improving, spot demand is stabilizing, and there is a noticeable decrease in loss-oriented behavior across the market.
However, activity on exchanges, ETFs, and in the blockchain remains low, indicating that confidence has not fully recovered yet. link
Free Academy & VIP Access
Dynamics are improving, spot demand is stabilizing, and there is a noticeable decrease in loss-oriented behavior across the market.
However, activity on exchanges, ETFs, and in the blockchain remains low, indicating that confidence has not fully recovered yet. link
Free Academy & VIP Access
📉 #BTC's LTH SOPR has dipped below 0.80 on seven occasions in the past month, suggesting strong capitulation by long-term holders.
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🧑💻 Top 10 #DeFi projects by development since last month. $LINK $DEEP $LDO
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🏆 #BTC On this day 3 years ago, news went viral that Apple had included the original Bitcoin whitepaper by Satoshi Nakamoto in every version of macOS since 2018. link
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🤔 President Trump considers charging tolls for ships passing through the Strait of Hormuz.
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📊👀 #BTC is showing positive momentum, but impulse turned flat. That usually means one thing: short-term strength, no follow-through.
Momentum can push price higher short term, but without impulse bursting, it often ends in a failed attempt. Sellers still have the edge.
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Momentum can push price higher short term, but without impulse bursting, it often ends in a failed attempt. Sellers still have the edge.
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📌 Top 5 News for 24 Hour:
1. US M2 money supply at record high, consider Bitcoin. → Read full
👁 282 | ❤️ 2 | 🔁 5
2. ISM Services PMI in USA drops to 54. → Read full
👁 298 | ❤️ 0 | 🔁 3
3. Strategy purchases $BTC, now holds 766,970. → Read full
👁 245 | ❤️ 0 | 🔁 3
4. Strive $ASST acquires 113 Bitcoin, now holds 13,740.9 BTC. → Read full
👁 156 | ❤️ 1 | 🔁 3
5. Bitcoin price surges to $70,000. → Read full
👁 222 | ❤️ 2 | 🔁 2
EXCAVO | Academy | Challenge | YouTube
1. US M2 money supply at record high, consider Bitcoin. → Read full
👁 282 | ❤️ 2 | 🔁 5
2. ISM Services PMI in USA drops to 54. → Read full
👁 298 | ❤️ 0 | 🔁 3
3. Strategy purchases $BTC, now holds 766,970. → Read full
👁 245 | ❤️ 0 | 🔁 3
4. Strive $ASST acquires 113 Bitcoin, now holds 13,740.9 BTC. → Read full
👁 156 | ❤️ 1 | 🔁 3
5. Bitcoin price surges to $70,000. → Read full
👁 222 | ❤️ 2 | 🔁 2
EXCAVO | Academy | Challenge | YouTube