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Judge rules CFTC exceeded authority in blocking Kalshi’s election contracts
Judge rules CFTC exceeded authority in blocking Kalshi’s election contracts

Quick Take Kalshi’s contracts do not involve “unlawful activity or gaming,” said Judge Jia M. Cobb for the U.S. District Court for the District of Columbia in an order posted on Thursday. “This case is not about whether the Court likes Kalshi’s product or thinks trading it is a good idea,” the judge said.

The Block·2024/09/11 16:00
BlackRock promotes Bitcoin as a hedge against global financial disorders
BlackRock promotes Bitcoin as a hedge against global financial disorders

Share link:In this post: BlackRock believes Bitcoin can protect against global financial instability and is pushing it as a serious alternative to traditional currencies like the US dollar. The company’s Bitcoin ETF has been hugely popular, helping push Bitcoin’s price to an all-time high in March.

Cryptopolitan·2024/09/11 16:00
Flash
  • 13:20
    In the past 2 days, five whales purchased 794,104 HYPE, approximately $27.8 million
    According to Lookonchain monitoring, in the past 2 days, five whales purchased 794,104 HYPE ($27.8 million), including:0x24aB bought 448,071 HYPE at $34.94 each ($15.65 million);0x13706 bought 149,860 HYPE at $35.22 each ($5.28 million);0x033E bought 81,634 HYPE at $35.45 each ($2.89 million);0x9553 bought 57,158 HYPE at $35.04 each ($2 million);0xFa0F bought 57,381 HYPE at $34.84 each ($2 million).
  • 13:20
    Data: The 40x BTC Short Position of Whale James Wynn Exceeds $800 Million in Value
    According to Hypurrscan data, the 40x BTC short position of whale James Wynn is now valued at over $800 million ($826 million), with an opening price of $107,052.2 and a liquidation price of $111,470, currently incurring a loss of $1,215,801.
  • 13:20
    Altcoin Season Index Drops to 21
    According to Coinmarketcap data, the Altcoin Season Index is currently reported at 21, having previously risen to 27 on May 22. This index indicates that in the past 90 days, approximately 21 projects among the top 100 cryptocurrencies by market capitalization have outperformed Bitcoin.   Note: The CMC Altcoin Season Index is a real-time indicator used to determine whether the current cryptocurrency market is in an altcoin-dominated season. This index is based on the performance of the top 100 altcoins relative to Bitcoin over the past 90 days.
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