Key Takeaways Polymarket and Kalshi hit $2B in World Cup bets before June 11, next disrupting old sportsbooks. A SEON survey shows 19% of US adults favor prediction platforms, squeezing crypto betting apps. Minnesota and 2 states target Polymarket and Kalshi to classify them under local gambling laws. FIFA World Cup Derivatives Start Moving Billions…
Key Takeaways Bitcoin ETFs lost $1.72B for a 4th straight week, led by Blackrock IBIT’s $1.34B outflow. Ether ETFs shed $168M, while HYPE gained $17M and XRP added $2.6M in fresh inflows. Glassnode data shows ETF outflows at a record pace, signaling more selective allocations. Bitcoin and Ether ETFs Lose $1.89B While HYPE and XRP…
Key Takeaways Bitcoin’s MVRV ratio fell to 1.1, its lowest since March 2023, signaling deep undervaluation. Readings near this level preceded a roughly 67% rally after the 2022 FTX collapse. Cryptoquant warns this cycle differs, so a bottom is not guaranteed despite cheap valuations. A Reading Not Seen Since 2023 Cryptoquant analysts noted that bitcoin’s…
Key Takeaways A whale bought 1,656 BTC ($98.93M) at $59,734, near bitcoin’s June 5 low of $59,100. The position gained about $3.5 million in two days as BTC climbed back toward $64,000 behind Trump’s recent Iran-related remarks. The coins were moved to Binance, a step that often precedes selling or hedging. Buying the Exact Bottom…
Key Takeaways About $320 million in crypto shorts were liquidated in 15 minutes as bitcoin rebounded toward $64,000. The squeeze followed a 2026 low near $59,100 and weeks of long liquidations topping $1.5 billion. Heavy leverage and thin liquidity have historically left the market prone to violent swings in both directions. A 15-Minute Short Squeeze…
This Week in Crypto Law The opinion editorial below was written by Alex Forehand and Michael Handelsman for Kelman.Law. The final week of May illustrated a defining trend in global crypto regulation: policymakers are increasingly moving beyond rulemaking and into implementation, enforcement, and market design. Across Europe, Asia, and the United States, regulators are no…
Stellar Philippines and web3 education platform Rise In concluded the “Build the Future of Finance” hackathon on May 23, 2026, marking the deployment of 28 localized applications onto the Stellar Mainnet. The week-long event culminated in an in-person Demo Day hosted at the Philippine Digital Asset Exchange (PDAX) headquarters in Manila, where 16 finalist teams…
Key Takeaways The Bank of Israel bought $801M in May to curb the shekel’s market rise, eyeing export stability. As Wall Street gains boost the shekel, Israel’s tech sector will next lay off more local workers in 2026. With tech at 57% of exports, Israel’s strong currency hurts margins, next driving firms to hire abroad….
Philippine-based venture firm BYC Ventures has announced the launch of the BYC Tomorrow Fund, introducing a private pilot program to disburse scholarship allowances to information technology (IT) students in the National Capital Region (NCR). The fund’s initial rollout is being executed through iSkolar, a student-built scholarship platform utilizing blockchain and artificial intelligence (AI) technology. According…
Key Takeaways Grayscale says Strategy’s weaker shares may restrict future bitcoin purchases. Dividend pressure from STRC could raise costs and increase BTC market volatility. Analysts remain split as traders watch for another Strategy purchase disclosure. Grayscale Flags Rising Risks to Strategy’s Bitcoin Accumulation Machine Strategy’s bitcoin strategy is facing a new test as questions emerge…
