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U.S. Election Betting Delay Would Be 'Devastating' to Kalshi, Firm Says
9.9.2024
Kalshi "has staked its future on this litigation and these markets," the prediction market platform said, pushing back against CFTC's emergency motion
CFTC Loses Round One: Kalshi Cleared to Offer US Election Bets
8.9.2024
A federal judge this week sided with the prediction market Kalshi’s motion for summary judgment in its legal battle with the U.S. Commodity Futures Trading Commission (CFTC). This decision opens the door for U.S. citizens to place bets on the upcoming November election. However, the ruling isn’t...
Political Meme Coin Economy Shrinks by $420M as US Election Nears
8.9.2024
As the U.S. election draws closer, the top political meme tokens by market cap have seen a combined $420 million vanish over the past 96 days. Back on June 3, maga (TRUMP), a meme coin themed after the 45th U.S. President, Donald Trump, reigned supreme. Fast forward, and it has lost its crown...
Recession Concerns Ignite Amid US Economic Slowdown and Market Volatility
7.9.2024
In recent weeks, both economists and technical indicators have hinted that the U.S. may be on the brink of a recession, causing anxiety to ripple through the markets. Meanwhile, over on X, the topic of recession is gaining more traction by the day, with users discussing the likelihood of...
U.S. Added 142K Jobs in August, Likely Setting Stage for 25 Basis Point Rate Cut
6.9.2024
First Mover Americas: BTC Treads Water Ahead of U.S. Jobs Report
6.9.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 6, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Magic Eden faces backlash over US service segregation
6.9.2024
Magic Eden’s US-exclusive domain introduces service restrictions, sparking frustration over feature limitations like airdrops
Bitcoin Sinks 3% as Markets Brace for Friday’s Jobs Report, Gold Climbs
5.9.2024
On Thursday, the crypto market mirrored the stock market’s downturn ahead of Friday’s anticipated U.S. jobs report. All major U.S. stock indices slipped into the red, with bitcoin (BTC) tumbling 3.6% in the past 24 hours. Meanwhile, gold enjoyed a nearly 1% gain, climbing back above...
Polymarket Odds: Trump 53% vs Harris 46% with 2 Months to U.S. Elections
5.9.2024
The U.S. presidential elections are just two months away and according to Polymarket data, Donald Trump leads the…
Trump family’s DeFi project wants to ‘ensure US dollar dominance’
5.9.2024
The project has teased a partnership and collaboration with DeFi protocol AAVE, possibly indicating World Liberty Financial will be built on the Ethereum blockchain.
Spreading USD-Pegged Stablecoins—Trump-Backed Defi Project Reveals ‘Transformative’ Plans
4.9.2024
Over the past few weeks, there’s been a buzz of intrigue and speculation around World Liberty Financial, a decentralized finance (defi) project led by Eric Trump and Donald Trump Jr. After facing some rumors and critiques, the project’s X account finally released fresh details about its mission...
Crypto-Fan Deaton Gets Chance to Battle Elizabeth Warren for U.S. Senate
4.9.2024
The hope of crypto enthusiasts weary of industry pushback from Sen. Elizabeth Warren (D-Mass.) remains alive after the crypto sector's top candidate, lawyer John Deaton, won the Republican primary in Massachusetts and a chance to face Warren in the general election
2024 Presidential Race Predictions Powered by AI: Chatbots Now Favor Harris Over Trump
4.9.2024
Thirty-nine days ago, on July 27, 2024, Bitcoin.com News posed a question to a few AI-powered chatbots: Who will win the U.S. presidential election in 2024? At that moment, the match-up was between former President Donald Trump and the current Vice President Kamala Harris. Interestingly, the bots...
First Mover Americas: Bitcoin Drops to Lowest Since August as U.S. Stocks Slide
4.9.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 4, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
SEC Might Challenge FTX Bankruptcy Estate From Paying Back Customers With Stablecoins
2.9.2024
The U.S. Securities and Exchange Commission (SEC) may have thrown a spanner in the wheels of the confirmation of the FTX bankruptcy plan, according to a court filing Friday
Government Overspending Puts US in the ‘Fast Lane to Bankruptcy,’ According to Elon Musk
2.9.2024
In recent times, Elon Musk, the owner of X and the CEO and product architect at Tesla, Inc., has been voicing his concerns about inflation. This discussion became especially prominent after he interviewed former U.S. President Donald Trump. Just two days ago, Musk took to X, declaring that...
US Election-Year Bull Runs: How Bitcoin Historically Surged Post-Victory
1.9.2024
With just 65 days remaining until the U.S. presidential election, bitcoin wrapped up August with an 8.6% decline compared to where it started the month. Historically, in the last two election cycles, bitcoin’s value has only shown substantial appreciation after the election had ended and...
Telegram CEO Arrested, Coinbase CEO Bullish on Crypto Payments, and More — Week in Review
1.9.2024
The arrest of Telegram CEO Pavel Durov in France has sent shockwaves through the crypto community. Coinbase CEO Brian Armstrong expressed optimism about the future of crypto payments, predicting it as the next big boom driven by advancements in technology. The SEC has issued a Wells notice...
Payments in National Currencies Surge to 92% Among SCO Members
1.9.2024
Payments in national currencies among Shanghai Cooperation Organization (SCO) members have reportedly increased from 40% in 2022 to 92%, signaling a move away from reliance on the U.S. dollar. Similar to the BRICS economic bloc, the SCO, which includes Russia, China, India, and recently added Iran...
Dogecoin Manipulation Lawsuit Against Elon Musk and Tesla Dismissed
1.9.2024
Elon Musk and Tesla Inc. successfully had a lawsuit dismissed that accused them of manipulating the price of dogecoin (DOGE) for personal gain. A U.S. District Judge in Manhattan ruled that the plaintiffs failed to provide convincing evidence, despite multiple revisions of their claims. The lawsuit...