Kalshi has backed a new advocacy group, Americans for Fair Markets, as the prediction market industry faces rising pressure from casinos, sportsbooks, state regulators, and Congress. Summary Kalshi-backed Americans for Fair Markets will lobby for federal prediction market rules and consumer protections. The launch comes as Congress now probes Kalshi and Polymarket over insider trading…
Blockchain researcher William Mougayar defended the Ethereum Foundation after months of criticism over ETH sales, unstaking activity, and limited public communication. Summary William Mougayar said critics misread the Ethereum Foundation by treating it like a marketing team. Recent Foundation sales to BitMine totaled 25,000 ETH across three OTC deals lately. Separate reports showed 38,305 ETH…
Senior Commodity Futures Trading Commission officials who raised concerns about prediction market firms were suspended, investigated and pushed out, according to a New York Times investigation. Summary NYT reported CFTC officials raised concerns about Polymarket, Crypto.com and a Gemini affiliate before suspensions. Crypto.news reported CFTC relief for event contracts as prediction market legal fights widened…
On February 20, 2025, after more than six years of mobile mining and three years of closed mainnet operation, Pi Network finally dropped its firewall and let PI trade. Summary Pi Network opened its mainnet firewall on February 20, 2025, allowing PI to trade externally. PI reached an all-time high of $2.99 after launch before…
The Securities and Exchange Commission has delayed a plan to provide exemptions for crypto exchanges to trade tokenized real-world assets. The securities regulator was preparing to release its “innovation exemption” for tokenized stocks as soon as this week, and a draft of the plan had been prepared and reviewed by staff. However, the timing…
Litecoin has returned to market discussion after crypto analyst Crypto Patel said LTC could still reach higher cycle targets, while warning that a $1,000 move remains difficult without stronger institutional demand. Summary Litecoin traded near $53, remaining about 87% below its May 2021 all-time high price level. Crypto Patel said $500 is possible next cycle,…
On May 12, 2026, Grayscale filed a Form S-3 with the SEC to convert its existing Zcash Trust into a spot exchange-traded fund trading on NYSE Arca under the ticker ZCSH. Summary Grayscale filed a Form S-3 to convert its Zcash Trust into a spot ETF on NYSE Arca. The Zcash Trust held 391,103.89 ZEC…
Crypto markets enter a holiday-shortened U.S. week with several macro events that could affect Bitcoin, Ethereum, and broader risk assets. Summary U.S. markets close Monday for Memorial Day, leaving crypto to react first to fresh headlines. April PCE and Q1 GDP data land Thursday, giving traders new clues on Fed policy. Crypto.news reported Iran peace…
Blockstream CEO Adam Back has renewed his long-running criticism of altcoins and memecoins, saying market efficiency may finally be catching up with assets he views as weak. Summary Adam Back said efficient markets may eventually price many altcoins and memecoins near zero. Bitcoin dominance near 59%, keeping pressure on broader altcoin market rotation this month….
The other massive gainers today include NEAR, WLD, MORPHO, and ONDO. After losing roughly $8,000 in just over a week, bitcoin’s price finally rebounded in the past day after more promising developments on the US-Iran peace front. Most altcoins have followed suit, helping the total crypto market cap regain over $80 billion since yesterday’s…
