Author: boss

House GOP Moves to Limit Lawmakers’ Prediction Market Betting

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Republicans in the US House of Representatives are moving to add prediction market restrictions to a stalled congressional stock trading ban, as lawmakers scrutinize whether members of Congress should be allowed to wager on elections or public policy. House Administration Committee Chair Bryan Steil plans to attach prediction market provisions to H.R. 7008, the House’s stalled stock trading ban bill, before it reaches the floor, Bloomberg Government reported Thursday. Steil said he expects House leaders to schedule a vote on the measure, which would combine stock trading limits with new…

JPMorgan, Citi, Bank of America to Launch Tokenized Deposit Network in 2027: Report

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Some of the largest US banks are reportedly planning to launch a tokenized deposit network in the first half of 2027 in response to growing competition from blockchain companies expanding into traditional finance.  The network will be operated by The Clearing House, the bank-owned payments operator, and will connect traditional payment rails with digital asset infrastructure for 24/7 settlement, CEO David Watson told The Wall Street Journal. The Clearing House is co-owned by some of the largest US banks, including JPMorgan Chase, Bank of America, Citibank, Barclays, BNY and Wells…

How low Will Bitcoin Price go if $60K Support Fails?

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Bitcoin (BTC) is heading for its worst weekly performance since November 2022, down around 15% week-to-date as of Friday. BTC/USD weekly chart Source: TradingView BTC was trading near $62,500 after briefly dropping toward $61,000 earlier in the session. The roughly $1,500 rebound showed bulls are still trying to defend the psychologically important $60,000 support level. How low can Bitcoin go if it breaks below $60,000? Key takeaways: Bitcoin is testing its 200-week SMA near $61,800, a level that has historically acted as major cycle support. Analyst says $55,000 may be…

Arthur Hayes Dumps Entire Zcash Bag, Keeps WLD Bet Alive

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Arthur Hayes says Maelstrom has sold its entire Zcash position after new disclosures around the Orchard Pool vulnerability sharpened the perceived risk around ZEC’s monetary integrity. The move effectively ends his recent “Holy Trinity” trade across ZEC, NEAR and HYPE, while leaving Worldcoin as the AI-linked bet he says the fund still holds. “The Holy Trinity is dead,” Hayes wrote on X. “Sadly due to the Orchard Pool exploit, I had to dump our entire ZEC bag.” Why Is Hayes Dumping Zcash Now? The post followed a detailed statement from…

Crypto Exchanges Could Funnel $5 Trillion of New Equity Capital Into Markets

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Key Takeaways Binance Research said crypto exchanges could add $5T in annual equity capital within five years. Roughly 93% of Binance’s stock-trading users come from emerging markets, the report found. The shift positions exchanges as equity gateways, settling trades in stablecoins around the clock. Exchanges as the New Gateway to Stocks In much of the developing world, opening a conventional brokerage account can mean paperwork, minimum balances and limited access to U.S. shares. Crypto platforms sidestep much of that friction, letting users buy fractional positions with stablecoins around the clock.…

Bitcoin purity, markets or upgrades? Saylor names four camps

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Michael Saylor has outlined four Bitcoin ideologies in a new paper, framing the debate over how Bitcoin should grow, connect with markets, improve technically, and protect its core principles. Summary Saylor separates Bitcoin believers into maximalists, capitalists, technologists, and fundamentalists as adoption debates widen globally. Capitalists favor market integration, while fundamentalists warn against custody, leverage, regulation, and protocol compromise risks. The paper lands as Strategy faces scrutiny after Strategy’s rare Bitcoin sale and price pressure. Saylor said Bitcoin has moved beyond its early role as a niche technology or monetary…

Forward Industries Sends $32M in Solana to Coinbase as Treasury Losses Top $1B

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Forward Industries transferred roughly $31.9 million worth of Solana tokens to Coinbase Prime Thursday, according to blockchain data, marking its first onchain activity in a month. Data from Arkham Intelligence shows a wallet tied to the Nasdaq-listed company moved 455,784 SOL to the institutional trading platform. The transfer comes as the firm sits on steep unrealized losses tied to its large-scale bet on the token. The deposit to Coinbase Prime does not necessarily confirm an immediate sale but is commonly interpreted as a precursor to trading activity, particularly for institutional…

South Korean Authorities Launch First Reported Illegal Gambling Probe Into Polymarket Users

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South Korean police have reportedly launched the country’s first illegal gambling probe into local Polymarket users, widening regulatory scrutiny of the decentralized prediction market. The investigation is led by Gangwon Provincial Police and was requested by the National Police Agency, according to ChosunBiz.  Users may face fines of up to 10 million won ($6,500) under Article 246 of the Criminal Act covering gambling and habitual gambling. Under current law, Sports Toto is the state-authorized sports betting platform, while unauthorized online betting can be prosecuted under South Korean gambling laws. The…

Bitcoin Faces Pressure As Investors Rotate Capital Into AI: Saylor

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

Bitcoin struggles for attention as traders chase stock and pre IPO contracts: report

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Bitcoin and Ethereum trading activity has fallen to multi-quarter lows on Hyperliquid, while volume in equity-linked and pre-IPO perpetual contracts has climbed sharply. Summary Bitcoin and Ethereum perpetual futures volumes on Hyperliquid have fallen to multi-quarter lows as traders increasingly turn to equity and commodity-linked contracts, according to Block Scholes. Pre IPO perpetual trading volume has climbed above $50 million per day from less than $5 million, with SpaceX-linked contracts leading activity. Block Scholes analyst Thahbib Rahman said speculative interest remains strong in markets such as stock index perps, commodities,…