US Senators Ban Kalshi Polymarket Wagering
US Senators Adam Schiff and John Curtis propose the Prediction Markets Are Gambling Act to ban sports prediction contracts on CFTC-regulated platforms like Kalshi. #Update #Legal
Crypto News
General category for all types of news related to the cryptocurrency world.
Sports Betting Ban Targets Prediction Markets
US Senators Adam Schiff and John Curtis plan to introduce a bipartisan bill banning sports betting on prediction markets regulated by the CFTC, amid growing regulatory scrutiny. #Update #Legal
Senators Ban Sports Prediction Markets
U.S. Senators Adam Schiff and John Curtis propose a bipartisan bill to ban sports-related prediction markets, targeting platforms like Polymarket and Kalshi, citing unlicensed sports betting concerns. #Breaking #Legal
Bithumb Reappoints CEO Amid Controversies
@Bithumb faces a six-month partial suspension from South Korea’s Financial Intelligence Unit due to alleged anti-money laundering failures while seeking to reappoint its CEO. #Update #Legal $BTC
AI Layoffs Surpass 90000 Since 2025
Over 90,000 jobs have been replaced by AI since 2025, according to The Alliance for Secure AI. CEO Brendan Steinhauser urges political intervention. #Update #Tech
Decentralized Messengers Surge Amid Global Turmoil
Decentralized messaging apps like Bitchat gained popularity amid global unrest, with a 145% rise in search interest over five years; experts predict continued growth despite the dominance of centralized platforms. #Update #Crypto $BTC
OpenAI Acquires Astral Startup in AI Race
OpenAI disclosed plans to acquire Astral, aiming to enhance Codex for agent-driven software development. The deal is pending closure. #Update #Tech
Yuan Surges as China Sheds US Treasuries
Renmin University advises China to reduce U.S. Treasury holdings as yuan internationalization grows, suggesting “moderately ample” foreign reserves. #Update #Finance
AI Job Losses Demand Urgent Government Action
Jamie Dimon, CEO of @JPMorgan, highlights AI’s potential benefits and job loss concerns, urging retraining and government action. #Update #AI
Crypto Scammers Steal $840K from Retiree
A 66-year-old Hong Kong retiree lost $840,000 to scammers posing as crypto experts via WhatsApp, highlighting the rise in cryptocurrency fraud targeting investors. #Update #Crypto
Prediction Markets Face Trading Ban Risk
Prediction markets like @Polymarket face risks of manipulation as single traders can influence outcomes, undermining credibility and trust. Platforms must exclude contracts easily forced by individuals to maintain integrity. #Update #Crypto
Yuan Payments Surge Amid Hormuz Control
Iran tightens control over the Strait of Hormuz, allowing yuan-based oil payments amid geopolitical tensions. Markets react as President Trump issues warnings. #Update #Geopolitics
Tesla Launches Terafab AI Chip Megafactory
Elon Musk announces Terafab, a new mega-factory in Austin by @Tesla and @SpaceX for AI chips, aiming to meet rising computational demands in AI and robotics. #Update #Crypto $BTC
Kalshi Banned from Operating in Nevada
A Nevada state judge has temporarily blocked @Kalshi from operating its sports, election, and entertainment event contracts in the state for 14 days. #Update #Legal