Author: John Smith
Kalshi has filed a lawsuit against New York regulators, as the state is looking to classify its sports event contracts as unlicensed gambling and enforce a cease-and-desist order threatening civil and criminal penalties. Summary Kalshi has sued New York regulators in federal court after receiving a cease-and-desist notice over its sports event contracts. The company is seeking an injunction to block enforcement, arguing that its markets fall under federal CFTC oversight, not state gambling law. Despite legal pressure from multiple states, Kalshi has attracted new investor interest at valuations as high as 12 billion dollars. Kalshi filed the federal complaint…
The dYdX community is reviewing a new proposal to compensate traders who suffered losses during the chain halt on Oct. 10, with payouts totaling $462,097.79. Summary dYdX proposes $462K compensation for users after Oct. 10 outage. 27 verified claims to be paid from the protocol’s $16.2M insurance fund. Incident traced to rare code issue during high market volatility. The dYdX community is reviewing a new proposal to compensate traders who suffered losses during the chain halt on Oct. 10, with payouts totaling $462,097.79. According to an Oct. 28 post on the dYdX community forum, the exchange’s team identified 27 valid…
In the first-ever rating for a Bitcoin treasury company, S&P just rated Michael Saylor’s Strategy Inc. a B- junk credit. Summary S&P has assigned Strategy a B- junk rating. Rating cites Bitcoin exposure, low liquidity, and concentrated risk. Marks first-ever rating for a Bitcoin treasury-focused company. S&P Global Ratings has assigned Strategy Inc., the Bitcoin-treasury company formerly known as MicroStrategy, a B- credit rating, placing it six notches below investment grade. The report, published by Bloomberg on Oct. 27, stated that the rating reflects Strategy’s deep concentration in Bitcoin (BTC) and limited diversification, as well as concerns about liquidity and risk-adjusted…
Michael Saylor’s Strategy continues to buy Bitcoin, despite the asset trading near historic highs. Summary Michael Saylor bought an additional 390 Bitcoins for $43 million, for $111,111 each This was the third Bitcoin purchase the company has made in October Strategy remains the largest corporate Bitcoin owner, with 640,808 BTC While markets debate whether bitcoin is overheated, Michael Saylor is still buying, showing his continued confidence in BTC’s long-term trajectory. On Monday, September 27, Strategy reported purchasing an additional 390 Bitcoin for $43 million, for $111,117 each. Strategy’s latest Bitcoin acquisitions and key metrics | Source: Strategy In the latest…
Robinhood stock price continued its strong bull run and is slowly nearing its all-time high. Summary Robinhood share price has jumped by 440% in the last 12 months. The company’s business is doing well, with its revenue and profits rising. Technical analysis points to a potential reversal. Robinhood has jumped by 440% in the last 12 months, bringing its market capitalization to over $130 billion. It has soared by almost 2,000% from its all-time low in 2022. Why HOOD stock has surged HOOD stock has had numerous catalysts this year. It recently entered the blue-chip S&P 500 Index, where it…
Summary Bitcoin price is consolidating near $115K as miner reserves stabilize, easing recent sell pressure and improving sentiment. Strength above $118K–$120K could trigger a breakout toward $125K–$130K on stronger miner profitability and on-chain activity. A drop below $110K risks renewed miner capitulation, weaker fees, and macro-driven downside pressure. Bitcoin price is consolidating around $114,000 as miner reserves stabilize, relieving one of the main causes of sell pressure observed in recent months. A significant change is now visible following the post-halving downturn that compelled miners to sell Bitcoin in order to pay for operating expenses; miner holdings have leveled out, and…
Solana ETF preparations are now entering final stages after the NYSE certified Bitwise’s staking product for listing. The formal listing notice signals that all exchange-level requirements are now met, pending a final operational launch. Summary NYSE approved Bitwise Solana Staking ETF, clearing a key listing step. The fund could launch as soon as October 28 alongside Litecoin and HBAR ETFs. The approval marks a milestone for Solana’s institutional adoption in U.S. markets. According to a notice filed with the U.S. Securities and Exchange Commission on October 27, the NYSE Arca has formally certified its approval to list and register shares…
Yellow Network, a blockchain network backed by Ripple co-founder Chris Larsen, has integrated with XRPL EVM Sidechain to advance its real-world assets trading system. Summary Ripple co-founder Chris Larsen-backed project Yellow Network has announced integration with XRP Ledger. The collaboration involves Yellow Network’s proprietary layer-3 clearing network dubbed Yellow Clearnet. Integration with the XRPL EVM Sidechain aims to help Clearnet power liquidity for real-world assets trading Yellow Network’s proprietary layer-3 clearing network will leverage the XRPL EVM Sidechain to ramp up its liquidity and traceability of RWAs, the platform said. In the crypto ecosystem, state channels are the private off-chain…
Pi Network price faces renewed selling pressure after a strong rejection at $0.29, with price action showing signs of weakness that may extend toward $0.19 support. Summary $0.29 resistance rejected sharply, confirming bearish control. $0.19 high-timeframe support aligns with Fibonacci and POC. Failure to hold $0.19 could trigger deeper downside continuation. Pi Network’s (PI) price action has turned sharply bearish following a clear rejection from the $0.29 resistance zone, a level that has not been reclaimed since the previous capitulation phase. The inability to sustain above this key level confirms that sellers remain in control, while volume continues to fade,…
XRP price rally found substantial resistance at the 50-day moving average despite its strong fundamentals, including the growing Ripple USD market cap and ETF inflows. Ripple (XRP) token jumped to a high of $2.6340, its highest point since October 11.… Source link