Category: News

CFTC Proposes Prediction Market Rules Favoring Sports Contracts

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The US Commodity Futures Trading Commission (CFTC) has proposed new rules for prediction markets, signaling that sports event contracts are generally not contrary to the public interest even though federal law classifies them as “gaming.” Released on Wednesday, the proposal distinguishes sports event contracts from games of pure chance, saying markets based on final scores and win-loss records can aid price discovery. Contracts tied to player injuries, officiating decisions or other outcomes that could encourage manipulation, however, are unlikely to meet the public interest test. The proposal also clarifies that…

Bitcoin Obituaries Keep Coming—CZ Isn’t Buying It

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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…

Noah Doe-Linked Bitcoin Awakens Again as Another 2011 Casascius Coin Cashes Out – Bitcoin News

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Key Takeaways Mike Caldwell’s 25 BTC Casascius coin from Nov. 2011 was redeemed after 14 years. Noah Doe-linked wallets moved again in block 953,022, keeping blockchain sleuths focused. New York Supreme Court reviews the case as 3.8M BTC addresses remain under scrutiny. A Loaded Casascius Bitcoin With 25 BTC Was Peeled at Block 953022 Just days after Galaxy Research identified 1,878.57 BTC moving from a Noah Doe-dusted address on June 7, another cache of 2011-era coins linked to the same legal saga sprang to life. At block height 953022, a…

SpaceX IPO threatens Bitcoin as analysts warn of capital drain

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Bitcoin remained under pressure near $61,750 as analysts warned that the upcoming SpaceX IPO could divert capital away from the crypto market at a time when ETF outflows and weak sentiment are already weighing on the market. Summary Bitcoin fell 14% over the past week as ETF outflows, weak sentiment, and declining open interest weighed on the market. U.S. spot Bitcoin ETFs have recorded roughly $4.57 billion in net outflows over the past four weeks, signaling weaker institutional demand. Analysts warn SpaceX’s planned $75 billion IPO could compete with cryptocurrencies…

More Pain For Bitcoin? Analyst Says Bottom May Be Months Away

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As Bitcoin (BTC) hovers near its lowest levels since late 2024, a market observer suggests the flagship crypto may not have finished bottoming yet, with more downside potentially ahead. Related Reading BTC’s Historical Data Points To Longer Correction On Wednesday, analyst Rekt Capital compared Bitcoin’s current price action to its performance in previous cycles to determine how close the leading crypto’s market bottom may be. In a video analysis on X, the market watcher explained that BTC’s deviations from previous all-time highs (ATHs) could serve as key reference points for…

Spain and France Split the Favorite Tag as World Cup Prediction Markets Cross $2B – Bitcoin News

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Key Takeaways Polymarket and Kalshi together have drawn over $2 billion in 2026 World Cup winner market volume. Spain leads Polymarket and Kalshi at 16.5% and 17.4% respectively, with France close behind at 16%. Mexico opens as the tournament’s heaviest single-match favorite Thursday at 70%, drawing $1.86M in bets. Spain and France Lead the Board On Polymarket, as of 3:30 p.m. EDT on June 10, 2026, Spain’s “Yes” shares are trading at 16.5 cents, implying a 16.5% probability of winning the tournament. France sits just behind at 16.1 cents. England…

Bitcoin Miner Profits Fell As BTC Price Lost Strength: Will Miners Sell?

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Key takeaways: Record-low Bitcoin mining margins and rising demand for AI infrastructure incentivize miners to reduce their BTC positions. Institutional spot Bitcoin flows vastly surpass miner output, making macro trends more vital than miner profits alone. Bitcoin’s price slide to $62,000 was paired with weak on-chain activity and declining BTC miner revenues, which have fallen to an all-time low. This revenue drop is fueling investor anxiety over potential sell pressure, especially since miners and mining pools still control over $110 billion in Bitcoin. 1 TH/second of hashing power per day…

Blockchain.com Adds 24/7 Perpetuals, Launches SpaceX Pre-IPO Trading

Rebeca Moen Jun 10, 2026 20:19 Blockchain.com launches 24/7 OTC perpetuals for institutions and a SpaceX pre-IPO contract, eyeing institutional growth ahead of its own IPO. Blockchain.com has expanded its institutional offerings with the launch of 24/7 perpetual trading via its OTC desk, allowing clients to trade stocks, commodities, forex, and pre-IPO contracts around the clock. A key highlight of the rollout is a SpaceX-linked perpetual contract, giving eligible investors exposure to the aerospace giant ahead of its anticipated public listing. The…

Raydium DEX’s AMM Program Exploited For $1.34 Million — Here’s What Went Wrong

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Raydium (RAY), a decentralized exchange on the Solana (SOL) blockchain, said Wednesday that it had suffered a $1.34 million exploit tied to its retired automated market maker, or AMM, V3 program.  Raydium Pools Drained  The protocol said the attacker removed about 150,000 RAY, 5,600 SOL, and nearly 900,000 of Circle’s USDC stablecoin from Raydium pools involving RAY-SOL, USDC-RAY, and SRM-RAY. Raydium attributed the compromise to a weakness in how the older AMM V3 handled liquidity provider (LP) mints. The platform said the vulnerability “stemmed from insufficient validation of the LP…

XRP Forms Channel Support That Puts Market In Difficult Spot, But Bulls Still Have A Chance

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott’s dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott’s experience spans a number of industries outside of crypto including…