Category: crypto

Kalshi has partnered with StarCompliance to allow financial institutions to monitor employee prediction market trades in real time. This move aims to address insider trading concerns and attract institutional participants. The partnership follows Kalshi’s recent compliance efforts, including blocking insider trading attempts and introducing new controls across its platform.

The U.S. Securities and Exchange Commission is considering an innovation exemption that would allow tokenized stock trading, potentially benefiting crypto firms like Coinbase. This comes as tokenized stocks have seen significant growth in recent years. The SEC is also reviewing market structure rules that could impact how tokenized equities operate in the U.S.

Bernstein has reiterated its buy rating on Coinbase and maintained a $330 price target following the company’s announcement of new products expanding beyond crypto trading. The new products include AI tools, prediction markets, tokenized stocks, and pre-IPO trading. Other Wall Street firms like Barclays, Benchmark, and Cantor Fitzgerald have differing views on Coinbase’s valuation.

Bitmine may join the Russell 1000 index, potentially attracting institutional buying demand. The company holds 4.72 million ETH worth $8.1 billion and expects staking rewards to support dividends. Bitmine’s newly listed preferred stock is tied to its Ethereum treasury operations. The company’s stock performance remains volatile but is closely watched.

Illinois approved a new 0.2% tax on crypto transactions, sparking criticism from Michael Saylor and industry groups. Saylor called it a “Big Mistake,” while industry groups warned it could harm the digital asset sector in Illinois. The law also imposes reporting requirements on brokers and applies to some out-of-state firms.

The Federal Reserve maintained interest rates at 3.50%–3.75% for the fourth consecutive meeting, citing concerns about inflation. Market observers anticipate no immediate policy changes despite ongoing inflation risks. The Fed’s updated projections show nine officials expect at least one rate hike this year, signaling a cautious approach to monetary policy.

QCP estimates that Strategy has about seven and a half months of liquidity runway for dividend payments. Strategy may need to sell more Bitcoin if dividend obligations exceed available funding sources. CEO Phong Le clarified a recent Bitcoin sale was not dividend-driven. Peter Schiff criticized Strategy’s Bitcoin buying model for potentially diluting shareholders.

Binance’s bid for a Markets in Crypto-Assets license in Greece has stalled, leaving France as the last option before the EU’s June 30 deadline. European Central Bank President Christine Lagarde played a role in blocking Binance’s Greek application. Approval delays could impact liquidity and competition in the EU crypto market.

Despite reports of progress in a U.S.-Iran agreement, the crypto market capitalization fell by nearly 2% to $2.21 trillion. Investors continued to focus on Federal Reserve policy and inflation risks. Bitcoin and major altcoins declined as market attention shifted to the Fed’s decision to keep interest rates unchanged at 3.50%-3.75% in 2026.

Kalshi’s trading activity on its platforms is increasing, fueling a dispute over sports betting regulation worth billions of dollars. Gaming and tribal groups are urging the Senate to block sports-related prediction contracts through the CLARITY Act, arguing that prediction markets have cost states $1.08 billion in tax revenue.