Tag: Markets

KuCoin to reenter South Korea after securing key markets: CEO

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Crypto exchange KuCoin said that it may reenter South Korea after its platform was blocked in the country.  On March 21, South Korean regulators ordered Google Play to block access to exchanges that were not compliant with the requirements needed to operate in the country. On April 11, South Korea’s Financial Services Commission (FSC) ordered the Apple Store to block unregistered crypto exchanges.  KuCoin was among those affected by the country’s crackdown on unregistered platforms that were previously available. While the platform is now unavailable to South Koreans, it has…

Bitcoin Breaks $97K as Markets Defy Weak Employment Data

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Jobless claims surged at the end of April according to fresh data from the Department of Labor, but both traditional and crypto markets still rallied Thursday morning. Markets Rally: Bitcoin Hits $97K Even as Jobs Data Disappoints The number of unemployed Americans filing for jobless benefits swelled to a seasonally adjusted 241,000 for the week […] Original

Markets Bet on Fed Pause in May Even as Trump Rattles the Cage

On April 12—just over two weeks prior—expectations surrounding a potential cut to the federal funds rate were in flux, with markets assigning a 39.8% probability that the U.S. Federal Reserve would lower the rate by 25 basis points. Fast forward to seven days ahead of the next Federal Open Market Committee (FOMC) gathering, and that […] Source CryptoX Portal

Betting markets’ Q1 US GDP forecast flips negative amid tariff turmoil

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Bettors on prediction platforms Polymarket and Kalshi are flipping bearish on the US economy. As of April 29, both platforms are predicting that the US will log an economic contraction during the first quarter of 2025 in an upcoming economic data release. The US has logged positive growth figures every quarter since 2022, and a reversal in that trend could mark the start of a recession. The pessimistic outlook marks a stark sentiment shift for prediction markets, which had recently anticipated a positive US growth report. On April 29, consensus…

Citi Predicts $3.7 Trillion Bull Case Stablecoin Explosion in Global Markets

Citi forecasts U.S. dollar stablecoins could surge to $3.7 trillion in the bull case, driving an unprecedented blockchain-fueled transformation of global finance by 2030. US Dollar Stablecoins Set to Dominate Amid Global Blockchain Frenzy, Says Citi Citi’s Global Perspectives and Solutions division released a new report titled “Digital Dollars—Banks and Public Sector Drive Blockchain Adoption” […] Source CryptoX Portal

Solana Could Dominate Markets Next Month, Says Top Analyst

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Daily price action in the SOL/BTC pair is beginning to paint a sharply different picture from the one that dominated the first quarter, according to a chart shared on…

Markets Jump on US-China Optimism, New Tether-Softbank Funded BTC Treasury Firm, and More — Week in Review

Markets jump on US-China optimism, New Tether-Softbank funded BTC treasury firm, Bitcoin ETFs attract nearly $1 Billion in new capital, and more in this Week in Review. Week in Review Crypto-related stocks rallied alongside digital assets amid renewed U.S.-China optimism. Jack Mallers was announced as the head of a new Bitcoin treasury company backed by […] Source CryptoX Portal

Prosecutors seek over 6 years prison for Mango Markets exploiter

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US federal prosecutors have asked a district judge to sentence Avraham “Avi” Eisenberg, the crypto user convicted of the $110 million exploit of the decentralized exchange Mango Markets in 2022, to at least six and a half years behind bars. Ahead of Eisenberg’s May 1 sentencing hearing, US prosecutors are petitioning US District Judge Arun Subramanian for Eisenberg to face between 78 and 97 months in prison, according to an April 22 filing in a New York district court. Prosecutors argue it’s an appropriate sentence for Eisenberg’s April 2024 conviction…

Blockchain prediction markets offer new hope for scientific validation

Opinion by: Sasha Shilina, PhD, founder of Episteme and researcher at Paradigm Research Institute Decentralized prediction markets are gaining ground in the scientific world, offering an intriguing answer to the field’s ongoing reproducibility crisis. While a notable share of research findings fail to replicate in independent tests, supporters believe market-driven forecasting can speed up identifying robust studies. Detractors remain cautious, worried that introducing financial wagers could compromise the measured, peer-reviewed process that has guided academic inquiry for centuries. The debate hinges on whether blockchain-based forecasting will elevate or destabilize scientific…