Prediction Market Kalshi to Take Bets on Crypto (Settled in Dollars)
The CFTC-regulated platform will let traders bet on how high ETH will go this year and other price outcomes amid renewed interest in both crypto and prediction markets.
Market
Bitcoin’s Correlation to Nvidia Strongest in Over a Year
The 90-day and 52-week correlation between bitcoin and Nasdaq-listed chip maker Nvidia is well above 0.80.
Bitcoin Tumbles to $67K As Asia Begins Trading Day
Over $100 million in bitcoin long positions have been wiped out as the world’s largest digital asset fell from $70K.
Bitcoin Slumps 4%, Falling Below $70K; Solana Outperforms
Bitcoin could enter a period of consolidation before its next leg in the rally, observers noted earlier.
Solana-Based Crypto Exchange Drift Plans Pre-Launch Market for New Tokens
A pre-launch market may help create better price discovery, Drift co-founder Cindy Leow said.
Dogwifhat Becomes 4th-Largest Meme Coin as Community Completes Fundraising for Las Vegas Sphere Showing
The göğüs coin based on a dog wearing a pink beanie became an instant hit during the ongoing crypto bull cycle, now boasting a $2.6 billion market capitalization, but its skyrocketing price could signal increased market froth.
Why Prime Brokers Could Be a Source of Crypto Contagion
Prime brokers are a new source of liquidity in this cycle, which could be good and bad in the long-run, says Phillip Moran, CEO of the Digital Opportunities Group.
Instant Settlement Needed to Compete With Crypto, India’s Markets Regulator Says
If traditional regulated markets cannot also offer tokenization and instantaneous settlement, investors could move to crypto, SEBI Chief Madhabi Puri Buch said.
Ether Could See Price Correction After Dencun Upgrade, QCP Capital Says
QCP’s sentiment towards ether is cautiously optimistic, with concerns about potential corrections and the impact of leverage in the market.
Bitcoin CME Futures’ Open Interest Reaches Record High of $10B
Notional open interest refers to the dollar value of the active or open futures contracts at a given time.