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DraftKings enters prediction markets with a CFTC-approved app for real-world events

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DraftKings has unveiled a new standalone app for real-money prediction markets, becoming the latest major player to enter a field that includes crypto-native platforms like Polymarket and Robinhood’s event contracts. The product, called DraftKings Predictions, lets users trade on the outcomes of real-world events, starting with sports and finance, the company announced Friday. It is […]

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Oracle (ORCL) TikTok deal lifts AI mining stocks as BTC marks $88,000

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Oracle ( ORCL ) shares rose more than 6% in premarket trading to around $190 after Bloomberg reported that TikTok signed binding agreements to form a new U.S. joint venture led by Oracle that will help ease investor concerns about AI-driven valuation risks. The upbeat reaction spread across risk assets. Bitcoin BTC$87,892.69 jumped above $88,000,

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: Crypto Diary Americas

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By Francisco Rodrigues (all times ET unless otherwise noted) Bitcoin BTC$88,067.04 rose above $88,000 even after the Bank of Japan raised interest rates to the highest in nearly 30 years, a move that would have been expected to strengthen the yen and make the carry trade less attractive. Instead, the currency weakened on concerns that

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Terraform’s Bankruptcy Boss Sues Jump Trading For $4B Over Terra Crash

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The bankruptcy court-appointed administrator of the Terraform Labs collapse is suing Jump Trading, accusing the high-speed trading company of illegally profiting from and contributing to the $40 billion collapse, according to the Wall Street Journal. Todd Snyder, tasked with winding down what’s left of the crypto empire, is seeking $4 billion in damages from the

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the XRP affiliate expands its institutional trading push

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Ripple said it deepened its relationship with brokerage firm TJM Investments by buying a minority stake that takes it further into the behind-the-scenes infrastructure that institutions use to trade and settle assets. Ripple will support trading and clearing of TJM, a US-regulated broker-dealer, as part of the arrangement. The companies have not disclosed financial terms.

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Coinbase (COIN) Sues Connecticut, Illinois, and Michigan Over Regulation of Predictive Markets

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Coinbase (COIN), the crypto exchange that plans to add prediction markets to its platform, is taking legal action in Connecticut, Illinois and Michigan over the states’ attempts to regulate those markets. The company filed the lawsuits to “confirm what is clear,” Chief Legal Officer Paul Grewal wrote in a post on X on Friday: that

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Metaplanet (3350) launches sponsored ADR program to woo US investors over the counter

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Japanese bitcoin treasury company Metaplanet (3350) said its American depositary receipts (ADRs) will begin trading on Dec. 19 in the US over-the-counter (OTC) market under the ticker MPJPY. The securities are designed to improve access, transparency and operational efficiency for US-based investors in the fourth largest corporate owner of bitcoin BTC$88,094.30. They will replace existing

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Crypto exchange Bybit returns to the UK after a 2-year hiatus with 100 crypto trading pairs

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Bybit, the second-largest cryptocurrency exchange by volume, said it has returned to the UK two years after tougher rules surrounding the promotion and marketing of crypto services forced it out. The company, which boasts around 80 million users worldwide, restarted UK services including spot trading on 100 currency pairs on Thursday, the company said. The

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PayPal stablecoin PYUSD leveraged to finance AI infrastructure through USD.AI

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PayPal (PYPL) is expanding the role of its PYUSD stablecoin for financing artificial intelligence, connecting it to onchain financing mechanisms developed by USD.AI, a stablecoin protocol that provides credit to AI companies. Loans issued by USD.AI to finance graphics processing units (GPUs), data centers and related AI infrastructure will be denominated in PYUSD, with borrowers

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