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Nevada has filed a lawsuit against Kalshi, a prediction market platform, after the company attempted to block state regulatory actions. The lawsuit follows Kalshi's unsuccessful bid to prevent the Nevada Gaming Control Board from enforcing regulations that could impact its operations. Kalshi argues that the state's
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Peter Thiel's Founders Fund has sold its stake in ETHZilla amid increasing pressure on Ethereum treasuries. The decision comes as the cryptocurrency market faces volatility, impacting the value of Ethereum-based assets. ETHZilla, a project focused on leveraging Ethereum's capabilities, is now navigating challenges in attracting investment.
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Bitcoin exchange-traded funds (ETFs) experienced $105 million in outflows recently, indicating a shift in investor sentiment. This decline comes amid the emergence of a mysterious buyer identified as IBIT, who has been acquiring significant amounts of Bitcoin. The market is closely watching how these developments will impact Bitcoin's
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Abu Dhabi's wealth funds held over $1 billion in Bitcoin ETF investments by the end of 2025. This significant investment highlights the growing interest in cryptocurrency among institutional investors in the region. The funds' strategy reflects a broader trend of diversification into digital assets as part of
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Arthur Hayes, co-founder of BitMEX, warns that Bitcoin's recent divergence from the Nasdaq index signals potential issues with dollar liquidity. He suggests that while Bitcoin has historically followed tech stocks, its current behavior may indicate a lack of confidence in the dollar. Hayes emphasizes that this divergence could
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Bitcoin exchange-traded funds (ETFs) have amassed billions in assets under management, even as the cryptocurrency market experiences significant price declines. Despite the resilience of these funds, the underlying reality is challenging, with many investors facing losses. The popularity of Bitcoin ETFs highlights a growing interest in cryptocurrency investment, yet the
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A significant oracle error has resulted in DeFi lender Moonwell accumulating $1.8 million in bad debt. The issue arose when the price feeds provided by the oracle failed to reflect accurate market conditions, leading to incorrect collateral valuations. As a consequence, several loans were undercollateralized, prompting the platform to
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Peter Thiel's Founders Fund has sold all of its shares in ETHZilla, a cryptocurrency project. The decision comes amid concerns about the project's viability and market performance. This move reflects a broader trend of venture capital firms reassessing their investments in the crypto space. The sale
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Wall Street is intensifying its interest in prediction markets with new filings for exchange-traded funds (ETFs) that focus on this sector. These ETFs aim to capitalize on the growing popularity of prediction markets, which allow users to bet on the outcomes of various events, including political elections and economic indicators.
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Pump.fun has introduced a cashback feature for traders as part of its memecoin model, aiming to enhance user engagement and incentivize trading activity. This new initiative allows users to earn a percentage of their trading fees back, promoting a more rewarding experience. The platform seeks to differentiate itself in
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Recent analysis indicates that XRP's price may have bottomed out at $1.12, supported by four key data points. Firstly, the asset has shown increased buying volume, suggesting renewed interest from investors. Secondly, technical indicators like the Relative Strength Index (RSI) are signaling oversold conditions, which could lead
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Nevada has filed a lawsuit against Kalshi, a prediction market platform, following the company's unsuccessful attempt to halt state regulatory actions. The lawsuit comes after Kalshi's prediction market was deemed to be operating without the necessary state licenses. Kalshi argues that its platform is legal and