Author: James Wilson

Article written by James Wilson

The US CFTC to review prediction market rules

February 7, 2025 2 mins read

The US Commodity Futures Trading Commission (CFTC) is holding a public roundtable to discuss the regulation of prediction markets. This could affect platforms like Kalshi and Polymarket. The CFTC has recently sought public input on event contracts, indicating a change in its regulatory approach. Acting CFTC Chair Caroline D. Pham criticized the previous regulatory framework, calling it a “legal sinkhole” that hindered innovation in prediction markets. The roundtable will explore

Crypto inflows fell to $527 million as DeepSeek AI hype drained liquidity

February 5, 2025 2 mins read

Last week, crypto inflows dropped significantly to $527 million. This was a sharp decline from the nearly $2 billion seen in previous weeks. The drop was mainly due to the hype surrounding DeepSeek AI, which affected liquidity in both digital assets and stock markets. According to a recent CoinShares report, investor sentiment took a hit from DeepSeek’s rise. While there were still positive inflows in digital assets, they were much

Utah to become the first state in the US to establish a Bitcoin reserve

February 5, 2025 2 mins read

Utah is poised to become the first state in the U.S. to create a Bitcoin reserve. The state has a quick 45-day legislative calendar, which encourages lawmakers to act fast. This gives Utah an advantage over other states in adopting Bitcoin. Dennis Porter, CEO of the Satoshi Action Fund, believes Utah is leading in this effort. He highlights the state’s digital asset task force, which works year-round. This task force

Binance Pay partners with web3 payments provider xMoney

February 4, 2025 1 min read

Binance Pay, a payment solution from the well-known crypto exchange Binance, has partnered with xMoney, a web3 payments platform. This partnership aims to boost the use of cryptocurrency for payments across Europe. The announcement was made on February 3, 2025. Through this collaboration, Binance Pay will utilize xMoney’s regulatory approval as a licensed platform under the Markets in Crypto Assets (MiCA) framework. This will help bring crypto payment options to

Bitcoin Drops Below $91K With Over $200 Billion Liquidated

February 3, 2025 1 min read

Major cryptocurrencies like Bitcoin (BTC), Ether (ETH), Solana’s SOL, and XRP saw significant declines as trading began in Asia. By mid-morning in Hong Kong, Bitcoin dropped 11%, falling below $91,000. Ether fell nearly 20%, trading at $2,500, while Solana decreased by 13% to $184. XRP experienced the largest drop, down 28% and trading at $2. Recent data from CoinGlass revealed that around $200 billion in long positions were liquidated in

MicroStrategy launched its convertible preferred stock offering

February 2, 2025 1 min read

MicroStrategy, a business intelligence company, recently announced a significant stock offering. On January 30, the company sold 7.3 million shares of its 8% Series A perpetual strike preferred stock, known as STRK. The public offering price was set at $80 per share. This amount is nearly three times the initial plan of 2.5 million shares. The company expects to raise about $563.4 million from this offering. MicroStrategy plans to use

The Fed keeps interest rates at 4.25%-4.50%, boosting Bitcoin

January 31, 2025 1 min read

The Federal Reserve decided to keep interest rates steady at 4.25%-4.50%. This move shows caution regarding easing monetary policy. Typically, steady rates can slow investments in high-risk assets. However, major cryptocurrencies like Bitcoin, Solana, and XRP saw a slight increase of about 2% following the announcement. This decision comes after three rate cuts in late 2024. It indicates that policymakers are not ready for further reductions yet. The Fed’s current

Illinois and Indiana introduce bills to create a Strategic Bitcoin Reserve

January 31, 2025 1 min read

Illinois and Indiana are working on creating a Strategic Bitcoin Reserve. This initiative is part of a growing trend among states looking to explore Bitcoin as a financial asset. Illinois is focusing on establishing a Bitcoin reserve fund, while Indiana is looking into blockchain applications and Bitcoin investments through exchange-traded funds (ETFs). In Illinois, State Representative John M. Cabello has introduced House Bill 1844, known as the Strategic Bitcoin Reserve

Paradigm urges Ethereum to accelerate updates

January 29, 2025 2 mins read

Paradigm, a leading venture capital and blockchain research firm, urges Ethereum to speed up its update cycles to remain competitive. They highlight ossification and inertia as significant barriers to the network’s growth. Currently, Ethereum implements one major update annually, which Paradigm believes limits innovation and adaptability. Co-founder Matt Huang and his team emphasize the need for more frequent upgrades to respond to market changes and technological advancements while maintaining Ethereum’s

The Bitcoin plan of Trump at Davos is urging leaders to use crypto

January 27, 2025 1 min read

Coinbase CEO Brian Armstrong recently shared insights on the impact of former President Donald Trump on the crypto landscape. At the World Economic Forum in Davos, discussions focused on Trump’s proposal for a “Strategic Bitcoin Reserve.” Armstrong noted that Trump is influencing leaders to reconsider their stance on cryptocurrencies, viewing them as a means to achieve economic freedom. This shift is leading banks and asset managers to invest more in

Jupiter crypto exchange token surges by over 40%

January 27, 2025 1 min read

Jupiter, a decentralized exchange (DEX) aggregator on Solana, concluded its first event, ‘Catstanbul 2025,’ with a keynote from its founder, known as ‘Meow.’ He shared exciting updates about the platform’s governance token, JUP, which saw a price increase of 10.86%. Meow expressed his ambition to make JUP the “most GOATed” token, highlighting the commitment of the team and community. He announced a significant plan to burn 3 billion JUP tokens,

Crypto leaders celebrate regulatory shifts

January 23, 2025 2 mins read

The recent Crypto Inaugural Ball in Washington, D.C., marked a positive shift in the crypto industry’s sentiment. Industry leaders have faced challenges over the past four years due to unclear regulations and a lack of collaboration from the previous administration. With new pro-crypto appointments, such as David Sacks as the “crypto czar,” there is renewed optimism. The focus now is on establishing clear and lasting legislation to prevent crypto from