Adam Forsyth

Polymarket and Kalshi Tighten Rules Amid Insider Trading Scrutiny

Prediction market leaders Polymarket and Kalshi are escalating their battle against insider trading. Both platforms announced significant updates to their rulebooks and surveillance tools this Monday to root out market manipulation. This isn’t just a routine compliance update. It comes as Democratic lawmakers explicitly target these markets, seeking to ban betting on elections and conflicts…

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Circle stock drops nearly 20% as CLARITY Act draft targets stablecoin yield

Circle shares dropped nearly 20% Tuesday, falling toward the $100 level after a CoinDesk report revealed new draft language in the CLARITY Act that would ban yield on stablecoin balances. The proposed rules would prohibit issuers from offering passive rewards for simply holding a stablecoin and restrict structures that resemble interest-bearing deposits. While activity-based rewards…

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Balancer Labs to Shut Down After $128M Exploit — What DeFi Users Must Know

Balancer Labs is ceasing operations permanently. The announcement comes just days after a sophisticated attacker exploited the protocol for approximately $128 million, effectively emptying major liquidity pools on November 3, 2025. This is not a drill—one of Ethereum’s oldest and most respected Automated Market Makers (AMMs) has fallen. The implications are staggering. Balancer was not…

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