Prediction markets are booming, but the CFTC is paying attention. With Crypto.com and Kalshi under review, could stricter oversight be coming for event-based trading? The Commodity Futures Trading Commission is closely scrutinizing Crypto.com and Kalshi Inc., seeking clarity on how their newly launched Super Bowl event contracts align with U.S. derivatives regulations, according to Bloomberg.
Key Takeaways Eric Trump expressed bullish sentiment towards Ethereum, calling it a great time to buy. World Liberty Finance’s movements of Ethereum have raised questions in the crypto community. Share this article Eric Trump expressed bullish sentiment towards Ethereum in a tweet today, stating “In my opinion, its a great time to add $ETH.” The
Sam Bankman Fried (SBF), the founder of FTX, was sentenced to 25 years in prison for fraud. His parents have been exploring the possibility of securing a pardon for their son from the US President Donald Trump. According to reports, they met with lawyers and individuals during Trump’s admission to discuss clemency. Trump has granted
[PRESS RELEASE – San Francisco, United States, February 3rd, 2025] Today, Boba Network introduces a new approach to decentralized finance (DeFi), featuring a self-reinforcing “flywheel loop” that connects minting, liquidity provision, trading, lending, and staking. The core components—Nucleus, Teahouse, OkuTrade, LendLand, and Lynx—operate in tandem. Users begin by minting bobaETH with WETH on Nucleus. BobaETH
The Hyperliquid token rebounded on Monday as the network approached a key milestone in trading volume. The price of Hyperliquid (HYPE) rose to $25.80 on Monday, climbing more than 25% from its lowest level over the weekend. Data compiled by DeFi Llama shows that Hyperliquid’s monthly trading volume surged to a record high of $366
Key Takeaways Bybit CEO estimates crypto liquidations could reach up to $10 billion. API limitations can cause discrepancies in reported liquidation data. Share this article Bybit CEO Ben Zhou estimates total crypto liquidations across exchanges could reach between $8 billion and $10 billion. According to Zhou, his platform alone recorded $2.1 billion in liquidations in
In the latest Polkadot news, DOT price is under pressure, reversing Q4 2024 gains despite a DOT ETF filing in the United States and Polkadot 2.0 plans Three months after rallying by 200% and reaching nearly $8, Polkadot is sliding, dropping by nearly 50% in one week. Over the last five weeks, the decline has
[PRESS RELEASE – Kingstown, Saint Vincent and the Grenadines, February 3rd, 2025] The rise of artificial intelligence (AI) has led to notable advancements, with rapid advancements in AI models – such as Deepseek – driving innovation across industries, improving automation, decision-making, and predictive analytics. In parallel, Web3 continues to redefine ownership and finance through decentralization, making
Crypto traders betting on higher prices just got wrecked. Over $2.2B in liquidations hit the market as Bitcoin fell to $91K and Ethereum crashed 20% in 24 hours. Traders who were betting big on prices moving higher saw their positions forcefully liquidated as panic over Trump’s newly imposed tariffs on Canada, Mexico, and China triggered
Key Takeaways Crypto crash wiped out $2 billion in leverage liquidations in the last 24 hours. Despite the recent decline, analysts suggest that a weaker dollar and lower US rates could create favorable conditions for Bitcoin adoption. Share this article Crypto market liquidations surged to $2 billion as Bitcoin dropped to its lowest level since