Kalshi and Polymarket Tighten Insider Trading Rules

Two major prediction market platforms, Kalshi and Polymarket, announced on Monday new trading guardrails to address insider trading amid mounting concerns about market manipulation on recent event contracts.  It comes the same day that US lawmakers introduced a bipartisan bill to ban event contracts that resemble a “sports bet” or “casino-style game.” Kalshi on Monday

Biotech Rebrands as Stablecoin Development, Stock Rises 19%

Shares in NovaBay Pharmaceuticals jumped nearly 19% after the company announced it would change its name to Stablecoin Development Corporation as part of its strategic crypto pivot. NovaBay Pharmaceuticals CEO Michael Kazley said in a statement on Monday that the company’s plan going forward is to access cash flows within the growing stablecoin economy. “The

Strategy Announces $44.1B Plan to Fund More Bitcoin Buys

Strategy is increasingly turning to perpetual preferred stocks to fund its Bitcoin strategy, with the company adding 90,000 BTC to its balance sheet so far this year. Michael Saylor’s Strategy has announced several capital-raising programs totaling $44.1 billion to fund Bitcoin purchases, including the sale of common shares and two of its dividend-paying equity vehicles.

Bitcoin Bulls Struggle Near $70K as Derivatives Signal Caution

Key takeaways: Bearish Bitcoin futures premiums and low call option odds suggest traders remain skeptical despite BTC’s brief 4% relief rally. High oil prices and cautious Fed policy continue to pressure risk assets, while Bitcoin derivatives metrics signal a lack of conviction. Bitcoin (BTC) surged 4% within minutes of US President Donald Trump announcing his

Sen. Warren Probes MrBeast’s Potential Crypto Marketing to Young People

Massachusetts Senator Elizabeth Warren has raised concerns about whether YouTuber Jimmy Donaldson, better known as “MrBeast,” intends to market cryptocurrency to teenagers and young adults following his purchase of a mobile banking app. In a Monday letter to Donaldson, Warren questioned whether the online influencer planned to use his company’s acquisition of the mobile banking

Stripe’s MPP Could Revive Micropayments

Stripe’s Machine Payments Protocol (MPP), introduced by the payments company earlier this month, could revive micropayments by enabling AI agents to execute transactions automatically, according to analysis from Forrester. That’s the key takeaway from a newly published analysis by Forrester senior analyst Meng Liu, who argues that MPP may succeed where decades of earlier efforts

Glider and Ondo Offer Tokenized Stock Portfolios Without Brokers

Glider and Ondo Finance have introduced a platform to let retail investors build and automate custom portfolios of tokenized US stocks, offering direct exposure to equities without a brokerage account. According to the announcement, the platform allows users to create personalized baskets of onchain stocks that track real-world assets, removing the need for wallets, gas

SEC Submits Crypto Asset Interpretation to White House

The SEC’s crypto classification proposal is under White House review, marking a key step in defining how digital assets are treated under US securities law. The US Securities and Exchange Commission has sent interpretative guidance outlining how certain crypto assets may not be treated as securities to the White House’s Office of Management and Budget

Polymarket Tightens Rules Amid Growing Scrutiny

Prediction platform Polymarket has updated its market integrity rules amid growing scrutiny over manipulation and insider trading risks. In a Monday announcement, the company outlined updated rules governing both its global decentralized finance platform and its US exchange, which operates under oversight by the Commodity Futures Trading Commission (CFTC). The changes come amid growing scrutiny

Low Spot Volumes Suggest Bitcoin Rally Lacks Spot Demand

Bitcoin (BTC) spot volumes on Binance have dropped to their lowest level since September 2023, indicating that the current intraday price rise may not be backed by strong demand. The rally above $71,700 on Monday appears to be driven mainly by news headlines and liquidations in the Bitcoin futures markets. Binance volumes and exchange flows
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