Brazilian authorities have moved to shut down 27 prediction market platforms, including Kalshi and Polymarket. The decision, announced Friday, follows a directive from the Ministry of Finance and enforcement by the National Telecommunications Agency (Anatel), according to state-owned news outlet Agência Brasil. Authorities claimed that such services fall outside Brazil’s current legal framework and therefore…
XRP (XRP) has rallied more than 30% in the last three months, and fresh technical and on-chain signals suggest the XRP/USD pair may have more upside ahead. XRP/USD daily chart. Source: TradingView Key takeaways: Exchange outflows, positive whale flows and strong ETF demand raise XRP’s bullish outlook. A wedge setup sees the price rising roughly…
US spot Bitcoin exchange-traded funds (ETFs) have extended their inflow momentum through late April, notching a nine-day streak amid growing investor conviction. During the period, which spanned April 14 and April 24, total net inflows reached roughly $2.12 billion, with the strongest single-day performance on April 17, when funds attracted $663.91 million. April 14 and…
Key takeaways: A whale linked to asset manager Fasanara Capital holds a $38 million crypto short position, but will it impact Bitcoin’s price? Negative futures funding rates at Binance and Bybit point to unusual demand for bearish positioning despite BTC’s recent price gains. Bitcoin (BTC) struggled to trade above $78,000 on Friday, but the overall…
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The hard fork will introduce a new, competing layer-1 blockchain and seven layer-2 scaling networks, according to Sztorc’s announcement. Source link
Aurelion, a Nasdaq-listed company building a Tether Gold-backed treasury, has allocated 10,000 units of the token, worth about $48 million, to a newly launched protocol designed to generate yield on tokenized gold. The DeFi protocol, XAUE, was introduced earlier this week by the Aurise Foundation as a treasury layer for Tether Gold, allowing tokenized gold…
In a repeat of 2025, top holders of US President Donald Trump’s memecoin, Official Trump (TRUMP), will gather for a private event that many critics have described as selling access to the presidency. On Saturday, Trump and up to 297 of his memecoin holders will meet at the president’s Mar-a-Lago property in Florida. According to…
In brief Brazil blocked access to prediction market platforms including Kalshi and Polymarket, citing investor protection concerns. Finance Minister Dario Durigan said the platforms violated betting regulations approved by Congress and lacked proper regulatory oversight. The central bank prohibited derivatives contracts based on sports, gaming, political events, and other non-economic benchmarks. Brazil’s Finance Ministry blocked…
In brief Tennessee has become the second U.S. state to impose a sweeping ban on Bitcoin ATMs, which is set to take effect in July. In March, Indiana imposed a ban on the machines, which federal authorities have identified as a vector committing fraud against the elderly. The FBI reported that Americans aged over 60…