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Quick Take Kalshi has recently received cease and desist notices from gaming regulators in Nevada and New Jersey that seek to stop the prediction marketplace from offering contracts related to sports events and argue only state-licensed organizations can offer sports gambling. Kalshi sued the agencies in response, arguing that as a CFTC-regulated exchange, it is exclusively regulated by the federal government, and the Commodity Exchange Act preempts state law.
Web3 still hasn’t gone mainstream — but Ice Open Network is making decentralized tech feel as simple and seamless as Web2.
Quick Take Daily exchange volumes have dropped from a $126 billion post-election peak to $35 billion, returning to pre-election levels amid market uncertainty. The following is an excerpt from The Block’s Data and Insights newsletter.
Quick Take The FTX estate is set to begin repaying its creditor claims over $50,000 in value on May 30. Creditor repayments could take time given a large volume of likely fraudulent claims, one of FTX’s bankruptcy attorneys said, according to a Bloomberg report. The cryptocurrency claims are valued as of the bankruptcy petition date, November 11, 2022; the price of BTC is currently 5x higher than that value.
- 01:19Overview of Key Overnight Developments on June 1421:00-7:00 Keywords: Iran, SOL ETF, Gotbit 1. Several potential SOL ETF issuers have submitted updated S-1 filings. 2. The Invesco Galaxy Solana ETF has been registered in Delaware. 3. Indian officials: The tax department is investigating cryptocurrency tax evasion issues. 4. Trump Media Group has filed an application with the US SEC regarding investment in Bitcoin. 5. The US SEC has appointed two executives with cryptocurrency backgrounds, signaling a possible policy shift towards moderation. 6. The founder of Gotbit has been sentenced to 8 months for manipulating the crypto market, and the team is banned from operating for 5 years. 7. Iranian presidential aide: Hopes that negotiations with the US can continue in line with Khamenei's vision.
- 01:17Invesco Galaxy Solana ETF Registered in DelawareBlockBeats News, June 13—According to market sources, the Invesco Galaxy Solana ETF has been registered in Delaware.
- 01:16Analysis: Bitcoin Must Hold Above $100,000 to Sustain Its Upward TrendBlockBeats News, June 13 — Crypto analyst @ali_charts released a chart analysis stating that BTC needs to remain above $100,000 to sustain its breakout from the current channel. If it falls below $100,000, the price could drop toward the lower boundary of the channel near $78,500.