Crypto

Kalshi Penalises Three US Politicians for Betting on Their Own Races

Kalshi, a regulated exchange for event contracts, has taken action against three US politicians for betting on their own election races. This decision highlights the scrutiny around conflicts of interest in political betting. The politicians involved face penalties aimed at enforcing compliance with ethical standards. Betting on personal campaigns raises questions about fairness and transparency in the electoral process. Kalshi's move signals a commitment to uphold integrity in political betting amidst growing popularity. It remains to be seen how this will impact future regulations in the sector.

Crypto

Sam Bankman-Fried Abandons New Trial Bid, Citing Unlikelihood of Fair Hearing

Sam Bankman-Fried has rescinded his request for a new trial, stating that a fair hearing appears unlikely. His strategy previously included a three-pronged approach involving a presidential pardon, an appeal, and the new trial. The decision underscores the challenges he faces in overturning his fraud conviction. Bankman-Fried's legal

Fear and Greed Index Reaches Highest Level Since January Amid Bitcoin's Price Surge

The Fear and Greed Index has climbed to its highest level in three months, reflecting a surge in Bitcoin prices. This increase indicates growing investor optimism as Bitcoin's value continues to rise, suggesting a shift from fear to greed in the crypto market. Analysts believe this surge may

On-Chain Gambling Volume Sheds Light on Crypto Adoption Trends

On-chain gambling volume is proving to be a significant indicator of real consumer crypto adoption. Unlike speculative trading, the deposits and withdrawals in gambling reflect consistent user behavior, providing a clearer picture of engagement. This data suggests that the wallets associated with these transactions are primarily managed by individuals rather

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