Tag: Markets

Tennessee Judge Blocks State Crackdown on Kalshi Markets

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A US federal judge in Tennessee temporarily blocked the state from enforcing its gambling laws against prediction markets operator Kalshi’s sports event contracts.  The ruling, issued by Judge Aleta Trauger of the US District Court for the Middle District of Tennessee on Thursday, allows Kalshi to continue offering sports-related event contracts to users in the state while its lawsuit against Tennessee regulators proceeds. Trauger found that Kalshi is likely to succeed on the merits of its claim that federal commodities law preempts Tennessee’s attempt to regulate its sports markets as…

Nobel Laureate Paul Krugman Calls Bitcoin ‘Total Bust’

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin’s dramatic selloff continues as the world’s biggest cryptocurrency wipes out all gains it has made since President Donald Trump’s re-election. Nobel laureate Paul Krugman, a City University of New York professor and Substack author, joins Bloomberg Businessweek Daily to discuss. Krugman’s most recent Substack post argues that Bitcoin and crypto could currently be seeing a legitimate “winter” due to political factors and asset hoarding. He also argues that if there’s going to be a Bitcoin collapse, it should happen now before…

BNB Chain’s AI Agent Ecosystem Surges As Crypto Markets Bleed

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While the crypto market struggles and broader sentiment sits at its lowest levels in years, BNB Chain has shown resilience, building on last year’s on-chain momentum, while taking key steps toward strong builder activity and growing user participation. Now, the ecosystem has turned to AI agents, one of the rapidly growing narratives, to start preparing for the next market phase. Related Reading BNB Chain’s AI Agent Ecosystem Grows In a recent development, the BNB Chain has rolled out support for AI agent standards ERC-8004 and BAP-578, seeking to make agent…

Prediction Markets Working Group Will Support Push For Regulatory Clarity

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Blockchain advocacy group The Digital Chamber has launched a new unit focused on supporting prediction markets and helping gain regulatory clarity for the sector in the US.  In an announcement via X on Tuesday, The Digital Chamber unveiled the Prediction Markets Working Group, outlining a multi-year plan to bring clarity to what it called a “misunderstood segment of finance.”  The Digital Chamber said the first course of action was sending a letter to Commodity Futures Trading Commission (CFTC) chairman Mike Selig praising his efforts to maintain federal jurisdiction over prediction…

Zora Launches Attention Markets on Solana, Not Base

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Decentralized SocialFi platform Zora has launched its new attention markets platform on Solana, allowing traders to speculate on which buzzwords, hashtags, trends and topics will go viral online. “Trade what’s trending. Take positions on any topic, idea, meme, or moment before it breaks,” Zora’s newly launched platform states.  One of Zora’s founders, Jacob Horne, said on Tuesday that it costs 1 Solana (SOL), currently $85, to deploy a “Trend,” aimed at disincentivizing spam. Trends have no creator rewards. Zora is also enabling “Pairs” to be created under a Trend, which…

Prediction Markets Should Become Hedges for Consumers

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Ethereum co-founder Vitalik Buterin said he is starting to “worry” about the direction of prediction markets and suggested that they shift to become marketplaces to hedge against price exposure risk for consumers. Prediction markets are “over-converging” to “unhealthy” products that are focused on short-term price betting and speculative behavior as opposed to long-term building, Buterin said in an X post. Source: Vitalik Buterin Instead, onchain prediction markets coupled with AI large-language models (LLMs) should become general hedging mechanisms to provide consumers with price stability for goods and services, Buterin said.…

Bitcoin price prediction as U.S. Government Shutdown risk shakes markets

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Bitcoin price held steady on Saturday, reaching a high of $70,000 for the first time in days, even as a partial government shutdown started in the United States.  Summary Bitcoin price rose to $70,000 as the recent recovery continued. The US government experienced a new partial shutdown. Technical analysis suggests that Bitcoin price may rebound. Bitcoin (BTC) rose to $70,000, up substantially from the year-to-date low of $60,000. The rebound coincided with Friday’s stock market rally and the broader crypto market recovery. Bitcoin’s price action happened as a partial government…

This Bitcoin Bear Market is Different—Here’s Why

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin has slipped into bear-market territory — but this drawdown doesn’t look like the ones we remember. As gold and silver experience historic volatility and macro assumptions begin to crack, this episode explores why the old Bitcoin cycle playbook may no longer apply. This isn’t about panic — it’s about understanding Bitcoin, leverage unwind, and what happens when the monetary system itself starts sending warning signals. Timestamps 00:00 Bitcoin Bear Market Begins? 02:20 The Kevin Walsh Effect 03:26 Medicine Analogy for QE…

Bitcoin and Crypto Markets Brace for Impact From Fresh US Inflation Data

Bitcoin BTC $67 765 24h volatility: 1.0% Market cap: $1.35 T Vol. 24h: $50.92 B and the broader crypto market are bracing for potential volatility as traders await the delayed January US inflation data, with the Consumer Price Index (CPI) report now scheduled for release this week. BTC hovers near $68K, struggling to establish a solid floor after a correction triggered by evolving macroeconomic expectations. FED RATE CUTS STILL LIKELY—BUT NO RUSH: UBS Easing U.S. inflation should keep the Federal Reserve on track for rate cuts despite strong jobs data,…