Polymarket Launches US Crypto Exchange
Polymarket seeks CFTC approval to lift a four-year ban on its main exchange, potentially reopening to U.S. users under Chair Michael Selig’s sole decision-making. #Update #Legal
Crypto Exchanges
Focuses on platforms where cryptocurrencies are bought, sold, or traded, including features, security measures, and exchange rates.
FTX CEO Sam Bankman-Fried Trial Denied
A Manhattan federal judge denied @FTX CEO Sam Bankman-Fried’s motion for a new trial, citing baseless claims of new evidence and witnesses; he remains imprisoned after a 25-year sentence. #Update #Legal
Chainlink Exchange Outflows Surge 970,430 LINK
Chainlink traders withdraw 970,430 $LINK from exchanges, largest since December, indicating potential accumulation. LINK price at $9.23 after recent fluctuations. Crypto $LINK
XRP Signals Supply Shock on Binance Rally
XRP shows signs of a supply shock on Binance as its scarcity index hits a 2-year high amid increased demand from whales and institutions, with price stabilizing around $1.39. #Update #Crypto $XRP
Bybit CEO Calls for More Licenses in Europe
@Bybit CEO Ben Zhou warns that a Markets in Crypto Assets (MiCA) license isn’t enough for profitability in Europe, citing the need for additional licenses like MiFID II and EMI. #Update #Crypto $BTC $ETH
Binance Whale Moves $26.1M Solana
A whale moved 300,439 $SOL ($26.1M) to Binance after 10 months of inactivity, indicating potential selling pressure. Solana’s market shows no chance of reaching $150 by April 30. #Update #Crypto $SOL
Bitcoin Launches Options Strategy with Bitwise Kraken
Nakamoto launched a Bitcoin derivatives program with @Bitwise and @Kraken to generate options premiums and hedge part of its BTC treasury exposure. #Update #Crypto $BTC
Wisconsin Sues Crypto Giants Kalshi and Coinbase
Wisconsin has filed lawsuits against @Kalshi, @Polymarket, @Robinhood, @Crypto.com, and @Coinbase to prohibit sports betting derivatives, claiming they violate local gambling laws. #Breaking #Legal $CRO
FTX Estate Loses $3B Cursor Stake Value
FTX estate sold its Cursor stake for $200K in 2023, now valued at $3B after a SpaceX-linked surge, raising concerns about bankruptcy asset management. #Update #Crypto
XRP Exchange Outflow Soars Before Las Vegas Event
@EvernorthXRP reports massive demand for $XRP from whales and institutions, with 7B tokens withdrawn from exchanges, creating a supply shock ahead of the XRP Las Vegas event. #Update #Crypto $XRP
OpenAI Poaches Coinbase Marketing Team Talent
OpenAI has hired several senior marketing executives from @Coinbase, including Kate Rouch and Sarah Russell, amidst a broader trend of talent shifting from crypto to AI. #Update #Crypto
FTX Sells Cursor Stake for $200K Today Worth $3B
@FTX’s bankruptcy estate sold a 5% stake in @Cursor for $200,000 in April 2023; it’s now worth $3 billion after @SpaceX’s acquisition agreement at a $60 billion valuation. #Update #Crypto $BTC
New York Sues Coinbase Gemini Over Predictions
New York State Attorney General Letitia James has sued @Coinbase and @Gemini, claiming their prediction markets violate state gambling laws, labeling them as illegal gambling operations. #Breaking #Legal $BTC $ETH
SEC Sues Coinbase Gemini Over Gambling
New York AG Letitia James sues @Coinbase and @Gemini for operating unlicensed prediction markets, seeking triple fines and marketing bans. #Breaking #Legal