Kalshi is facing a new legal challenge after Washington state sued the prediction market operator over its event-based contracts. Summary Washington sued Kalshi, alleging its contracts broke gambling and consumer protection laws in the state. Kalshi moved the Washington case to federal court and said the state gave no warning. Nevada and Arizona also challenged…
Onchain commodity trading is drawing more attention as traders look for round-the-clock access to oil, gold, and index products. Summary Hyperliquid recorded $5.4 billion in macro perpetual volume as silver, oil, gold and indices led. Weekend access kept onchain markets open while traditional commodity venues stayed closed to active traders. Thin liquidity and wider spreads…
Hash price collapse driven by BTC correction and record network difficulty leaves a significant fraction of miners in the red. The current hash price environment is squeezing Bitcoin miners’ profitability. CoinShares estimates that 15-20% of the global mining fleet is operating at a loss at the current hash price of $28-30 per PH/day. In…
Bitcoin held above $66,000 through most of the weekend, even as some traders expected sharper moves. Summary Bitcoin stayed above $66,000 for 36 hours after rebounding from Friday’s four-week low near $65,500. Major altcoins showed limited movement, while Bitcoin dominance slipped to 56% and market cap stalled. SIREN surged 13% to $1.80, while PI rebounded…
Bitcoin (BTC) continues in a broad consolidation phase following the steep declines earlier this year. The asset remains confined in a horizontal range that signals short-term indecision among market participants. While attempts to retest higher resistance levels around $75k have been met with selling pressure, BTC’s support near $60k has so far held, defining the…
World Foundation disclosed that its token issuance unit, World Assets, completed $65 million in over-the-counter sales of WLD tokens. Summary World Assets sold 239 million WLD tokens for $65 million at about $0.2719 per token. WLD traded near $0.27 after hitting a record low of $0.2444 earlier during Saturday session. A July 2026 unlock will…
Key takeaways AI’s potential to automate jobs is a major source of public anxiety. The rapid transition to new technology will transform job markets. New technologies often bring underestimated potential despite challenges. AI will significantly impact coding professions, affecting entry-level roles. Machines can replicate measurable aspects of expertise, not judgment. AI’s impact on coding will…
Bitcoin margin long positions on Bitfinex have climbed to levels not seen since November 2023, drawing fresh market attention during a period of weak price action. Summary Bitfinex margin long positions climbed to 79,193 BTC, the platform’s highest level since November 2023. Adam Back said buyers may use TWAP strategies to accumulate Bitcoin below $69,000…
France’s largest lender BNP Paribas is bringing six new crypto exchange-traded notes (ETNs) tied to Bitcoin and Ethereum to its exchange platform in France, starting tomorrow March 30, according to a recent announcement. Exchange-traded notes (ETNs) are tradeable debt products that give investors exposure to the underlying markets through index tracking. They provide liquid and…
Meanwhile, SIREN is once again the daily top performer, surging by double-digits to $1.80. Despite some warnings about more volatility over the weekend, bitcoin’s price has actually remained quite flat, trading above $66,000 for 36 hours or so now. Most larger-cap alts have mimicked BTC’s performance, with little to no movements from the likes…
