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US-based users are the biggest political bettors on Polymarket, despite the crypto-based prediction market’s efforts to restrict US citizens from using the decentralized platform, according to new research.  Blockchain research firm Allium estimated in a report published on Thursday that US-based users are the single biggest political market of any country by contracts traded and

Bitcoin could face further downside pressure after ending June below its 200-week moving average but above its realized price, a combination that crypto analyst PlanB says suggests the market has yet to reach a bear market bottom. Bitcoin fell 20.5% in June to close the month at $58,526 — its worst monthly performance since June

Hollywood director Carl Rinsch has been sentenced to two and a half years in prison for defrauding Netflix out of $11 million, which he spent on crypto, stocks and luxury goods. A Manhattan federal court on Monday sentenced Rinsch, known for directing the 2013 film “47 Ronin,” starring Keanu Reeves, to 30 months in prison

The US Securities and Exchange Commission has won its fraud suit against crypto platform NanoBit Limited, nearly two years after the agency accused it of stealing hundreds of thousands of dollars from at least 18 investors between 2023 and 2024. The announcement by the SEC on Monday came nearly two weeks after the US District

Crypto treasury company Sharplink, which resumed buying Ether last week after an eight-month pause, has bought a total of $62.4 million worth of Ether since Thursday.  Onchain data from Arkham shows that after Sharplink bought 5,000 ETH on Thursday , it bought another 5,000 ETH (worth $7.9 million) on Friday, followed by 29,196 ETH (worth

Analysis of Bitcoin unspent transaction outputs (UTXOs) shows that investors are capitulating, a pattern that has historically coincided with bear market bottoms.  The ratio of the number of UTXOs spent in profit versus at a loss has fallen to its lowest level this bear market cycle, said CryptoQuant analyst known as Darkfost on Saturday.  This

Key takeaways: SOL’s rebound to $72 shows bullish futures and airdrop hopes, but falling TVL and low DEX volumes point to fragile onchain demand. Tokenized stocks spark hype on Solana, yet Pump.fun dependence and Hyperliquid competition threaten sustained SOL momentum. Solana native token SOL jumped to $72 on Friday, distancing itself from the $64 lows

Crypto infrastructure company BitGo Holdings laid off about 15% of its staff on Thursday as its CEO pledged to focus the company on areas including trading, stablecoins and artificial intelligence. “Today I'm sharing a hard decision: we are reducing our workforce by nearly 15%,” BitGo co-founder and CEO Mike Belshe posted to X on Thursday.

US-based prediction market platform Kalshi is reportedly in talks to raise funds at a $40 billion valuation, nearly doubling its $22 billion valuation in May. The company could close the new funding round as soon as the third quarter of this year, the Financial Times reported on Wednesday, citing people familiar with the matter.  Kalshi

The US Commodity Futures Trading Commission filed a lawsuit against Kentucky on Tuesday after the state sued prediction market operators last week, accusing them of operating unlicensed and illegal gambling platforms. The lawsuit, filed in federal court, seeks to block Kentucky’s legal action against five prediction markets filed on Wednesday last week, calling for declaratory