Zuckerberg ordered Meta to create prediction app modeled after Polymarket, Kalshi, report claims

Prediction markets like Polymarket and Kalshi have become big business lately. Earlier this year, for example, Polymarket saw users spend $425 million in a single day.  Sites like Polymarket and Kalshi allow people to bet on nearly anything, including sports, entertainment, finance, and politics. According to a report from the New York Times, Meta founder…

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Blackrock Says Bitcoin’s Role Is Evolving, Calls a 1%-2% Portfolio Allocation Appropriate

Key Takeaways Blackrock told advisors on June 23 that a 1%-2% bitcoin allocation can act as a complementary diversifier. The firm believes a 1%-2% weighting carries risk roughly similar to holding the “Magnificent Seven” tech stocks. Blackrock warned that the AI investment boom has been pulling capital from bitcoin, gold and other alternatives over the…

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Kalshi launches Zcash and SHIB perps as lawsuit heats up

Kalshi has expanded its CFTC-regulated crypto perpetuals lineup to 13 digital assets after launching new contracts tied to Zcash, Near Protocol, and Shiba Inu, while legal battles over the platform’s products continue to intensify. Summary Kalshi expanded its CFTC-regulated crypto perpetuals lineup with Zcash and Near contracts, while Dogecoin and Shiba Inu perpetuals are also…

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Strategy’s $1.4B Cash Race: Can Saylor Rescue STRC Before It’s Too Late?

On June 23, CryptoQuant research analyst Julio Moreno issued a pointed recommendation: MicroStrategy (ticker: MSTR) should stop buying Bitcoin and rebuild its cash buffer before its preferred stock collapses further. The advice was sound. It was also two weeks late. What CryptoQuant Actually Said Moreno’s case is built on hard numbers. Strategy’s annualized dividend obligations…

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Binance Makes a New Push to Secure EU Approval

The exchange has only one week left to comply with the necessary MiCA standards. The world’s largest crypto exchange has recently faced significant regulatory challenges that could ultimately force it to stop serving clients in the European Union. Earlier this month, Reuters reported that the company’s application through Greece’s Hellenic Capital Market Commission (HCMC)…

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