Kalshi Faces Class Action Lawsuit As Legal Troubles Mount 

Kalshi Faces Class Action Lawsuit As Legal Troubles Mount 

Prediction market platform Kalshi is facing a lawsuit accusing it of running an illegal, unlicensed sports betting platform and indulging in market manipulation.  The lawsuit, filed in the New York federal court, claims thousands of users were misled about how the platform’s markets functioned and who they were actually betting against.  Kalshi Faces Class Action […]

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Balancer Begins Discussing Recovery Plan Following DeFi Breach

Balancer Begins Discussing Recovery Plan Following DeFi Breach

Balancer DAO has initiated discussions about a recovery plan after a $110 million exploit. The DAO plans to distribute $8 million in recovered assets to impacted liquidity providers, with a structured payout and white hat reimbursement mechanism for users. Balancer suffered a major exploit earlier this month, losing over $110 million from its Balancer v2 […]

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Bitcoin Price Analysis: BTC Retains $90,000 As Improving Outlook Helps Cautious Rebound 

Bitcoin Price Analysis: BTC Retains $90,000 As Improving Outlook Helps Cautious Rebound 

Bitcoin (BTC) maintained its position above $91,000 after the flagship cryptocurrency reclaimed $90,000 earlier in the week. However, analysts have warned that Bitcoin bulls must pump more volume into the spot and futures markets to push the current price higher. On-chain data has confirmed that Bitcoin remains on shaky grounds, as demand, liquidity, and futures […]

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Upbit Hit By $36M Solana Hack On Day Of Naver Merger 

Upbit Hit By $36M Solana Hack On Day Of Naver Merger 

Upbit, one of the leading cryptocurrency exchanges in South Korea, temporarily halted deposits and withdrawals after detecting $36 million in unauthorized outflows from a Solana-network hot wallet.  The hack occurred just as Upbit’s parent entity, Dunamu, completed a $10 billion acquisition deal with Naver and announced plans for an IPO in the US.  Upbit Detects […]

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Bitcoin Price Analysis: BTC Reclaims $91,000 As Renewed Buying Interest Helps Recovery 

Bitcoin Price Analysis: BTC Reclaims $91,000 As Renewed Buying Interest Helps Recovery 

Bitcoin (BTC) reclaimed $90,000 on Wednesday as the market opened in a positive mood. The flagship cryptocurrency climbed nearly 5% to reclaim $90,000 and cross $91,000 on Thursday. BTC is up 1% during the ongoing session, trading around $91,356.  The rebound has helped Bitcoin reach a seven-day high, rallying from multi-month lows to reclaim $90,000 […]

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Polymarket Secures US Regulatory Approval 

Polymarket Secures US Regulatory Approval 

Prediction market platform Polymarket has secured regulatory approval from the US Commodity Futures Trading Commission (CFTC) to begin operations as an intermediated trading platform.  The platform’s amended CFTC designation allows it to formally open in the US with a fully regulated exchange structure.  PolyMarket Secures US Return  Prediction market platform Polymarket has secured regulatory approval […]

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Bitcoin Price Analysis: BTC Stalls At $88,000, Is The Correction Really Over?

Bitcoin Price Analysis: BTC Stalls At $88,000, Is The Correction Really Over?

Bitcoin (BTC) is down nearly 1% during the ongoing session as its recovery stalled after briefly crossing $89,000. The flagship cryptocurrency has struggled to regain momentum after dropping to a low of $80,524 on Friday.  Analysts have warned of more liquidations, stating that a final leverage flush below $80,000 is possible.  Texas Buys $5M Worth […]

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Galaxy Digital Eyes Prediction Markets, Holds Polymarket, Kalshi Talks 

Galaxy Digital Eyes Prediction Markets, Holds Polymarket, Kalshi Talks 

Galaxy Digital is in talks with prediction market platforms Polymarket and Kalshi about becoming a liquidity provider as on-chain betting on real-world events draws attention from retail and institutional traders.  Several Wall Street firms, including Jump Trading and Susquehanna, are already active in the prediction market ecosystem.  Galaxy Digital Holds Talks With Polymarket, Kalshi  Galaxy […]

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Bitcoin Price Analysis: BTC Begins Steady Climb To $90,000 As Selling Pressure Eases

Bitcoin Price Analysis: BTC Begins Steady Climb To $90,000 As Selling Pressure Eases

Bitcoin (BTC) briefly reclaimed $89,000 on Monday, reaching an intraday high of $89,225 before settling at $88,266. The flagship cryptocurrency is showing signs of recovery thanks to easing selling pressure and growing expectations of a rate cut in December.  Bitcoin crashed nearly 21% in November, with the slump largely driven by forced liquidations and a […]

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Bitcoin Price Analysis: BTC Reclaims $85,000 But Market Sentiment Remains Wary

Bitcoin Price Analysis: BTC Reclaims $85,000 But Market Sentiment Remains Wary

Bitcoin (BTC) bounced back on Sunday to reclaim $85,000 and start the week in positive territory. However, the flagship cryptocurrency lost momentum despite reaching an intraday high of $88,100, and is marginally down during the ongoing session.  BTC is facing substantial selling pressure, with spot Bitcoin ETFs recording a surge in trading volume. Analysts believe […]

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Bitcoin Price Analysis: BTC Rebounds As December Rate Cut Odds Soar

Bitcoin Price Analysis: BTC Rebounds As December Rate Cut Odds Soar

Bitcoin (BTC) traders are an optimistic lot after the probability of a rate cut by the US Federal Reserve nearly doubled over 24 hours. As a result, the flagship cryptocurrency rebounded, reclaiming $85,000 and moving to its current level of $86,447, a 3% increase over the past 24 hours.  Bitcoin plunged to an intraday low […]

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Bitcoin Price Analysis: BTC On Track For Worst Month Since 2022

Bitcoin Price Analysis: BTC On Track For Worst Month Since 2022

Bitcoin (BTC) plunged to a low of $80,524 on Friday, with analysts stating that the flagship cryptocurrency had entered the most bearish phase of the current cycle.  However, analysts are optimistic of a rebound as the probability of a rate cut in December doubled in 24 hours, boosting market sentiment. Federal Reserve Rate Cut Odds […]

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