Category: crypto

Crypto.com and OG Prediction Markets have partnered with the U.S. SailGP Team for a multi-year deal, introducing CFTC regulated prediction markets to elite foiling yacht racing. With this partnership, fans can trade regulated event contracts via OG’s prediction platform, furthering SailGP’s engagement with sports betting and data-driven fan interaction.

Alex Mashinsky is attempting to shift blame for Celsius’ collapse to FTX and its former CEO Sam Bankman Fried in court filings, despite confessing to manipulating CEL himself. He accuses FTX of orchestrating the market manipulation of CEL, contradicting his guilty plea. Mashinsky also accuses former CRO Roni Cohen Pavon of plotting a hostile takeover,…

The SEC has charged Texas resident Nathan Fuller for an alleged $12.3 million AI crypto arbitrage scheme that promised triple-digit returns in weeks. Fuller raised funds from 150 investors through Privvy Investments, promising high returns in a short time. The SEC claims Fuller used investor funds for personal expenses and ran a Ponzi-like operation.

Mary Daly of the San Francisco Fed emphasizes the importance of price stability but warns against harming the economy with aggressive rate hikes. She advocates for a cautious approach to monetary policy, balancing inflation targets with employment considerations. This stance may delay future rate cuts, impacting markets and risk assets.

Payouts.com co-founders believe that the future of agent payments lies in combining stablecoin rails with programmable control layers for enterprise trust. They emphasize the importance of programmability in defining which AI agents enterprises can trust by 2027, and list five essential controls for safe and auditable autonomous agent spending at scale.

The CFTC warned that 24/7 trading may not be suitable for all traditional derivatives markets. The agency allowed CFTC-regulated crypto platforms to offer perpetual futures and global options. The CFTC asked firms to carefully assess the risks before extending trading hours, with Coinbase already supporting 24/7 trading across various markets.

The CLARITY Act, a major crypto market bill, has advanced in Congress, giving the CFTC new power over digital commodities. Concerns have been raised about the agency’s staffing and funding. The bill aims to establish clear rules for digital assets and shift oversight from the SEC to the CFTC, which may lack resources to handle…

U.S. Treasury bond prices are rising while the dollar index has fallen to an intraday low of 98.8, indicating a shift in risk sentiment in global markets. This is driven by reassessment of Fed policy, inflation path, and demand for safe assets. The dollar’s decline could benefit cryptocurrencies like bitcoin and ethereum.

JPMorgan Chase CEO Jamie Dimon opposes the Clarity Act unless provisions are added to regulate stablecoin rewards. Dimon argues that crypto firms should not have bank-like powers without proper safeguards. The dispute has caused tension between banks and crypto companies. Dimon also criticized Coinbase CEO Brian Armstrong for lobbying efforts.

Wintermute has entered prediction markets as a liquidity provider, aiming to improve execution depth and bid-ask spreads. Prediction markets have seen significant growth, with Kalshi valued at $22 billion. Wintermute’s participation could lead to tighter spreads, making it easier to execute larger trades and reducing pricing gaps that professional firms see as tradable opportunities. Regulators…