The FTX Recovery Trust, which is pursuing property for the bankrupt change’s collectors, can maintain making an attempt to get better a minimum of $1.76 billion that FTX alleges it transferred to Binance events in a 2021 share repurchase. A July 24 ruling by U.S. Bankruptcy Judge Karen B. Owens preserved the core clawback claims…
Bitcoin continues to be underneath strain throughout the increased time-frame regardless of stabilizing above current swing lows. While the short-term construction has shifted into consolidation, the broader development continues to favor sellers except BTC can reclaim a number of key resistance ranges. Meanwhile, futures market knowledge exhibits aggressive market shopping for starting to return, doubtlessly…
The newest earnings week has handed traders a transparent shortlist of US shares to observe in August. Three of the market’s largest corporations simply reported, and Wall Street cut up its verdict between reward and punishment. The divide got here down to 1 check, which AI spender may show that clients are paying for the…
Michael Saylor’s Strategy (previously MicroStrategy) is concentrating on a September restoration for its STRC preferred stock as the corporate seeks to revive the financing channel behind its purpose of doubling Bitcoin per MSTR share inside seven years. The plan follows a second quarter that demonstrated Strategy’s rising publicity to Bitcoin’s worth swings. The firm reported…
New York has filed essentially the most financially aggressive state enforcement motion but in opposition to Kalshi, asking a courtroom to cease the prediction-market change from working an alleged unlicensed playing enterprise and itemizing its claimed damages at at least $36 billion. Attorney General Letitia James filed a verified petition in New York County Supreme…
Kansas is generally a background state in the 2026 midterm election cycle, and prediction markets are basically saying as a lot heading into Tuesday’s main. Republican Sen. Roger Marshall’s reelection seems nicely protected, and whereas Democratic challenger Rev. Adam Hamilton is perhaps getting some media consideration, prediction markets are usually not treating that race as…
This week on Gate, three developments stand out for his or her market significance. The semiconductor rally discovered a dramatic expression within the platform’s gStocks part, the place the 2X Long SNDK Daily ETF token (SNXXG) surged over 63% in a single 24-hour interval, reflecting sturdy momentum throughout reminiscence chip shares on the again of…
Fundstrat’s Tom Lee says the synthetic intelligence (AI) commerce isn’t completed. He argues the subsequent leg runs by means of crypto fee rails constructed for software program brokers slightly than individuals. Veteran macro investor Jordi Visser argued the reverse this week. Lee additionally chairs the largest company holder of ether, which provides his model of…
Robinhood’s crypto-related transaction revenue in the fourth quarter of 2024 generated $358 million of the corporate’s $672 million in transaction-based revenue, about 53% of the whole. That focus had flipped by the second quarter of 2026, when crypto revenue fell 38% 12 months over 12 months to $100 million and accounted for simply 12.9% of…
Rep. Josh Gottheimer (Democrat, New Jersey-5) and different members of the United States House of Representatives have filed a invoice that will require prediction markets to use scans of app and web site customers’ faces to be sure that they meet the platforms’ age minimums. The “Facial Recognition to Protect Children Act” completely matches the…