The Commodity Futures Trading Commission has sued Kentucky, now the ninth state the regulator is battling in its fight over prediction markets.
Ethereum’s much-hated staking ‘tax’ may already be obsolete
Ethereum’s latest “funding crisis” has triggered a fierce debate: a contentious plan to tax staking rewards versus a new wave of labs and large ETH holders funding development offchain.
$170M Ether longs liquidated as crypto market tumbles: Is ETH doomed?
ETH price hangs in the balance as a fresh wave of liquidations pressure the altcoin and spillover from Bitcoin’s struggles to hold $62,000 impact investor sentiment.
Starmer steps down: What Andy Burnham means for crypto in the UK
Burnham brings a dose of optimism to the UK crypto industry, having previously supported the blockchain industry as mayor of Manchester.
Mark Zuckerberg ordered Meta staff to develop moneyless prediction market: NYT
The Meta CEO reportedly plans for the company to launch a prediction market independent of its other apps allowing users to place wagers using a points system rather than money.
Read More at https://cointelegraph.com/news/mark-zuckerberg-meta-prediction-markets?utm_source=rss&utm_medium=rss&utm_campaign=rss
Crypto isn’t the problem with the US economy, says senator
Louisiana Senator John Kennedy largely dismissed what he called the “promotion” of cryptocurrency by the Digital Chamber CEO Cody Carbone in a Senate hearing on affordability.
Multi-year Bitcoin holder selling falls to 19-month low as halving model flags new market bottom date
OG Bitcoin holders’ spending dropped to a 19-month low, as market cycle indicators point to September as a potential market bottom.
Zcash miner Fortitude gets Nasdaq listing via HeartSciences merger
The all-stock deal gives Fortitude a Nasdaq listing while HeartSciences retains its healthcare business and existing shareholders keep a minority stake.
CFTC chair says perp trading not suitable for all assets it regulates
Michael Selig told US cotton producers that the agency’s regulatory approach to crypto perpetual futures may not be a “natural fit for traditional commodity markets, like agriculture.”
CBOE weighs converting BTC, ETH continuous futures into perpetual futures: Report
As US regulatory changes accelerate the adoption of crypto perpetual futures and rivals Coinbase and Kalshi expand their offerings, Cboe mulls a product overhaul.