Category: ICO

Activist Group Says Kalshi’s Election Market Should Be Shut Due to ‘Manipulative’ Whales

“If the trading amounts to any one of these species of election or market manipulation, then it is also likely to artificially skew the pricing of contracts in a way that is divorced from election ‘fundamentals,’ thus creating volatility that will undoubtedly harm many smaller retail investors who have placed their own bets,” Better Markets said, urging the U.S. Court of Appeals to overturn a lower court’s decision that freed Kalshi to offer election markets. Source

Stablecoins Could Be a $5-$10 Trillion Market, Will Be Integral Part of the Global Financial System

Stablecoins are one of the most popular innovations in crypto, bridging government-issued fiat currencies on traditional financial rails with blockchain-based digital assets, facilitating trading and transactions. Taken together their current market cap is about $170 billion. Because of their non-volatile nature combined with blockchain’s speed and near-instant settlements, they are increasingly used for everyday economic activities such as payments and remittances, especially in developing countries with less robust banking systems and rapidly devaluing local currencies like Argentina and Nigeria. Source

Breaking Down Information Silos in Web3 With AI

Applied to information silos in Web3, we could conceive a tool that pulls together information from various blockchains, dApps, and exchanges into a single interface. And, taking that interface one step further, why not prompt such an AI aggregator to use this data to provide actionable insights to users? Source

From Skepticism to Strategic Reserves: Corporate Treasuries Embrace Bitcoin

Historically, only crypto-native companies held bitcoin on their balance sheets. However, a significant structural shift has occurred over the past four years. Public and private companies are now embracing bitcoin, motivated by economic, geopolitical, and regulatory factors. For instance, public and private companies currently hold over 4% of all bitcoin, valued at around $50 billion, with MicroStrategy leading the way, having accumulated a bitcoin portfolio worth $13 billion since August 2020. Source

Binance Executive Tigran Gambaryan Has Left Nigeria Following Detention

“The government has reviewed the case and, taken into consideration that the second defendant (Mr. Gambaryan) is an employee of the first defendant (Binance Holdings Limited), whose status in the matter has more impact than the second defendant’s, and also taking into consideration some critical international and diplomatic reasons, the state seeks to discontinue the case against the second defendant,” the EFCC prosecutor stated in court. Source