News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
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.
- 15:53"Solana’s MicroStrategy: DDC Adds 141,383 SOL, Total Holdings Reach Approximately 1 Million"According to ChainCatcher, as per the official announcement, the "SOL version of MicroStrategy," US-listed company DeFi Development Corp, announced today that it has once again increased its holdings by 141,383 SOL, bringing its total holdings to 999,999 SOL, equivalent to approximately $192 million.
- 15:37US-listed company DeFi Development Corp increases its holdings by 141,383 SOL today, bringing its total holdings to approximately 1 million SOLAccording to Jinse Finance, US-listed company DeFi Development Corp announced today that it has acquired an additional 141,383 SOL, bringing its total holdings to 999,999 SOL, valued at approximately $192 million.
- 15:22Today, 10 US Bitcoin ETFs saw a net inflow of 3,822 BTC, while 9 Ethereum ETFs recorded a net inflow of 110,473 ETHAccording to a report by Jinse Finance, monitored by Lookonchain, as of press time, the net inflow for the 10 Bitcoin ETFs today reached 3,822 BTC (worth $454 million), while the net inflow for the 9 Ethereum ETFs was 110,473 ETH (worth $422 million).