Kalshi halts political event betting after Federal Appeals Court orders suspension amid CFTC’s legal challenge to overturn lower court ruling. This pause could lead to major financial losses or the closure of Kalshi, impacting the future of regulated prediction markets.
Bitcoin forecast: $BTC could see price boosts from US Fed rate cuts and historical Q4 trends. A post-election rally and a potential 2025 peak at $100,000 are expected. Investors should remain cautious of US economic conditions.
Bitcoin ETFs in the US attracted $39.02M on Sep 12, 2024, led by ARKB with an $18.34M inflow. Ethereum ETFs saw a $20.14M outflow, with Grayscale GBTC losing $6.51M, reflecting shifting investor strategies.
Congressman John Rose introduces the BRIDGE Act to create a joint SEC-CFTC advisory committee with diverse crypto industry representatives. The initiative aims to shift toward a supportive regulatory framework, potentially positioning the US as a leader in global digital asset regulation.
SEC halts most crypto trading on eToro USA, allowing only $BTC, $BCH, and $ETH. eToro to pay $1.5M for unregistered operations. Users have 180 days to sell other crypto assets. @SECGov increases scrutiny on digital platforms.
U.S. diplomats press Nigeria for the release of Binance exec Tigran Gambaryan, detained since Feb 2024, citing health concerns. Attorney Robert S. Litt seeks Levinson Act application to deem detention unlawful, possibly prompting sanctions.
CFTC halts Kalshi’s election betting market within 24 hours of launch following court order. Crypto analysts predict significant $BTC fluctuations depending on US presidential election outcome, with $30,000 to $90,000 estimates. Kamala Harris and Donald Trump nearly equally likely to win.
Kalshi halts US election trading after CFTC wins court stay. Judge Cobb had ruled CFTC overstepped by blocking election bets. Crypto analysts predict Bitcoin price swings based on election results.
Ripple’s transfer of 150M $XRP and Grayscale’s new XRP trust spur a 6% price rise, 109% trading volume surge. Regulatory developments fuel investor optimism.
Ex-FTX exec Ryan Salame to begin 7.5-year prison sentence on Oct 11, earlier than planned, due to court request. Salame was convicted of conspiracy involving unlicensed money-transmitting activities. His surrender was delayed by a prior medical emergency.
SEC Chair Gary Gensler’s stringent cryptocurrency regulations face bipartisan criticism, with calls for his removal from both Republican lawmakers and key Democratic donors. Ripple CEO Brad Garlinghouse predicts Gensler’s exit, impacting the future of crypto market stability.
Nvidia CEO Jensen Huang predicts a new Industrial Revolution driven by AI, boosting $NVDA prices and AI cryptocurrencies. Recent innovations and partnerships reinforce Nvidia’s market lead in advanced chips. @Nvidia
Vitalik Buterin sets stricter criteria for recognizing L2 projects, requiring robust fraud-proof mechanisms and independent blockers starting next year, signaling a shift towards decentralization and enhanced security in the blockchain ecosystem.
Tennessee Congressman John Rose introduces the BRIDGE Digital Assets Act, aiming to harmonize SEC and CFTC crypto regulations. The bill proposes a 20-member private sector advisory committee, focusing on decentralization, security, and customer protections.
