Key Takeaways Bitcoin rallied back above $82,000 on Thursday after a brief dip to an intraday low of $79,694. Coinglass data shows volatile trading wiped out over $777 million in long crypto positions. Bitunix analysts warn crypto could stay under pressure if Federal Reserve rate hike odds rise. BTC Rebounds Above $82K After CPI Volatility […]
Key Takeaways Greenblatt said the CFTC’s casino exclusion has only “stayed” the risk from prediction markets. He expects the Supreme Court to side with states and tribes during its 2026-27 term. A Rule That Can Be Undone On BetMGM’s third-quarter earnings call on Oct. 13, Greenblatt addressed the CFTC’s Oct. 9 rule changes, including an […]
Key Takeaways Binance US is reportedly seeking $100 million at a targeted valuation of approximately $1 billion. Binance US previously raised more than $200 million in 2022 at a $4.5 billion pre-money valuation. CEO Stephen Gregory is pursuing lower fees, new products and broader U.S. access for Binance US. Binance US Hunts for $100 Million […]
Key Takeaways Brazil’s CVM launched Resolution 249 to test simulated tokenized stock trading on blockchain networks. The trial aims to map out cybersecurity risks and smart contract logic to draft future market regulations. B3 exchange is building a tokenized platform for 2027 to integrate digital assets with traditional markets. Brazil Launches Experimental Tokenization Sandbox Program […]
Key Takeaways Ripple Prime now supports perpetual swaps referencing more than 100 traditional financial markets. Virtu is among the institutional clients trading RWA swaps through Ripple Prime’s brokerage platform. Ripple allows eligible clients to use RLUSD as collateral and cross-margin positions across supported assets. Ripple Opens 100+ Traditional Markets to 24/7 Crypto Trading Ripple announced […]
Key Takeaways Bitcoin’s price is struggling to find its footing near $81,200 after a sharp retreat, with the $80,000 level emerging as the next major test for buyers. Asian stocks took a beating, led by steep losses in South Korea and Japan, as inflation worries and technology-sector selling rattled global markets. Bitcoin’s short-term technical indicators […]
Key Takeaways U.S. producer prices rose 6.3% annually in September, the highest rate since December 2022. The BLS reported a 20.3% monthly increase in producer gasoline prices as energy costs accelerated. Polymarket traders assigned 72% odds to the Fed holding rates steady at its October meeting. U.S. Wholesale Inflation Hits 6.3% as Fed Rate Bets […]
Key Takeaways Mastercard’s new platform connects stablecoin balances to hundreds of millions of merchant locations. BVNK and Mastercard combine fiat accounts, stablecoin conversion and global payouts through one API. Mastercard Move reaches over 17 billion endpoints, with expanded currency coverage planned for 2027. Mastercard Opens Hundreds of Millions of Merchants to Stablecoin Spending A stablecoin […]
Key Takeaways The U.S. became a net bitcoin importer for the first time since 2022, driven by transfers exceeding $10 million. Americans favor bitcoin as a store of value, while the rest of the world uses dollar-pegged stablecoins to access dollars. Bitcoin inflows depend on market conditions, but stablecoins help extend the dollar’s global influence. […]
Key Takeaways Tether reportedly paid approximately $6.3 million to Nxum, a consulting firm partly owned by Bo Hines. Bo Hines helped advance the GENIUS Act before joining Tether as an adviser and later U.S. CEO. Nxum denies improper involvement, while the Journal’s findings raise questions about potential conflicts. Tether’s $6.3 Million Consulting Deal Raises Questions […]