Business

Kalshi follows the CFTC in suing Minnesota over its law criminalizing prediction markets

Business / Leave a Comment

Prediction market Kalshi filed a federal lawsuit against a Minnesota bill to criminalize operating, hosting or promoting such a platform in the state starting Aug. 1. The filing follows a motion filed by the Commodity Futures Trading Commission (CFTC) on May 19, the day after the law was signed by Governor Tim Walz, which argued […]

Kalshi follows the CFTC in suing Minnesota over its law criminalizing prediction markets Read More »

STRC slips below par as Strategy’s ( MSTR ) cash reserves face growing scrutiny

Business / Leave a Comment

The strategy’s perennial favorite security, Stretch (STRC), fell as low as $97.11 on Thursday as bitcoin BTC$73,767.47 dropped to the $73,000 mark. STRC tends to face selling pressure during bitcoin pullbacks and in the days immediately following its ex-dividend date, as seen on November 20th and February 5th. The ex-dividend effect typically results in a

STRC slips below par as Strategy’s ( MSTR ) cash reserves face growing scrutiny Read More »

Markets are wary as the US and Iran move closer to the deal

Business / Leave a Comment

Oil prices and stock markets traded cautiously on Friday on preliminary signs that the United States and Iran were nearing a tentative agreement to end the war. Negotiators discussed a new memorandum of understanding that appeared close to winning approval from both sides, although disagreements remained over several key provisions. A major obstacle was the

Markets are wary as the US and Iran move closer to the deal Read More »

Bitcoin’s record supply hides a buyer drought, says CryptoQuant

Business / Leave a Comment

Bitcoin was trading around $73,500 Friday morning Hong Kong time, according to CoinDesk market data, about 10% below the low-$80,000 levels reached earlier this month, as new data from CryptoQuant suggests one of the market’s most widely cited bullish indicators may instead reflect a lack of buyers. A record 15.8 million BTC is now classified

Bitcoin’s record supply hides a buyer drought, says CryptoQuant Read More »

OKX Ventures buys $53 million worth of shares in Korea’s Coinone exchange

Business / Leave a Comment

OKX Ventures, the investment arm of cryptocurrency exchange OKX, will invest KRW 80 billion ($53 million) for a 19.6% stake in South Korean cryptocurrency exchange Coinone, the companies announced Friday, marking one of the largest recent investments by a global crypto firm in Korea’s digital asset sector. Korea Investment & Securities (KIS), one of South

OKX Ventures buys $53 million worth of shares in Korea’s Coinone exchange Read More »

XRP bounces back above $1.30 after volume surge, but bears still rule the bigger picture

Business / Leave a Comment

XRP finally found buyers near the bottom of its range after spending much of May grinding lower, but the rally has yet to change the broader setup. The move above $1.30 came with one of the strongest volume breakouts in days, although the price remains well below the levels that would signal a true trend

XRP bounces back above $1.30 after volume surge, but bears still rule the bigger picture Read More »

Bitcoin, Ether Steady Despite Record Stocks, Falling Oil and Alleviation of War Fears

Business / Leave a Comment

A convergence of record highs in global stocks, oil at multi-month lows and a tentative extension of the US-Iran ceasefire did little to support bitcoin BTC$73,344.39 prices. The largest token is still hovering near $73,000 after falling nearly 6% on the week as institutional buyers await US regulatory clarity rather than macro headlines. Ether (ETH)

Bitcoin, Ether Steady Despite Record Stocks, Falling Oil and Alleviation of War Fears Read More »

Standard Chartered backs Ether price forecast at $4,000 as retail buying dips below $2,000

Business / Leave a Comment

Retail traders piled into ether (ETH) bets even as the second-largest token fell below $2,000 for the first time since late March, a signal some analysts say means a deeper decline is on the way. Social media lit up with buy-the-dip calls the moment ETH cracked the round number, and research firm Santiment’s gauge of

Standard Chartered backs Ether price forecast at $4,000 as retail buying dips below $2,000 Read More »

BTC drifts as hot money chases other assets

Business / Leave a Comment

The crypto sector remains deeply out of favor not only from a price perspective, but also in terms of investor sentiment. Capital flows and market attention have increasingly shifted towards other high-growth sectors, most recently semiconductors and memory-related stocks, which have effectively replaced crypto as the market’s dominant momentum trade. This analysis compares the performance

BTC drifts as hot money chases other assets Read More »

Scroll to Top