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Prediction market Kalshi sued over Khamenei trade carveout

Kalshi, a prediction market platform, is facing a lawsuit from the Commodity Futures Trading Commission (CFTC) for allegedly allowing trades related to Iranian Supreme Leader Ali Khamenei, which the CFTC claims violates U.S. regulations. The lawsuit highlights that Kalshi carved out specific trades concerning Khamenei, enabling users to speculate on events related to him. The CFTC argues that this practice undermines market integrity and poses risks to national security. Kalshi has stated that it intends to defend its operations and believes it is compliant with applicable laws. The outcome of the lawsuit could have significant implications for prediction markets and regulatory oversight in the crypto space.

Read the full article: Coin Telegraph

LMAX Group launches digital asset collateral solution for institutions

LMAX Group has introduced a digital asset collateral solution aimed at institutional clients, enabling them to use cryptocurrencies as collateral for trading and other financial activities. This new offering is designed to enhance liquidity and efficiency in the digital asset market, addressing the growing demand from institutions for secure and

Bitcoin digests highest US CPI since 2023 as Fed rate hike woes return

Bitcoin is reacting to the highest US Consumer Price Index (CPI) data since 2023, raising concerns about potential Federal Reserve interest rate hikes. The CPI report indicates persistent inflation, which could prompt the Fed to consider tightening monetary policy further. As a result, market sentiment around Bitcoin and other cryptocurrencies

Here’s what happened in crypto today

On October 23, 2023, Bitcoin's price experienced a notable drop, falling below $27,000 amid increased regulatory scrutiny in the crypto market. Major exchanges reported a surge in trading volume as investors reacted to the market volatility. Additionally, Ethereum's network saw a rise in transaction fees

Stablecoin yield infrastructure project raises $13.5M in round led by Sky Ecosystem

A stablecoin yield infrastructure project has successfully raised $13.5 million in a funding round led by Sky Ecosystem. The investment aims to enhance the project’s capabilities in providing yield opportunities for stablecoin holders. This funding round attracted participation from various investors, indicating strong interest in the stablecoin sector.

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LMAX Group launches digital asset collateral solution for institutions

Bitcoin digests highest US CPI since 2023 as Fed rate hike woes return

Here’s what happened in crypto today

Stablecoin yield infrastructure project raises $13.5M in round led by Sky Ecosystem