Prediction markets get first U.S. rule proposal as CFTC pursues contract reviews

The U.S. Commodity Futures Trading Commission proposed its first prediction markets regulation on Wednesday, pitching an approach to how it can make widespread evaluations of whether contracts trip the federal standard for what’s off-limits. The agency that regulates U.S. derivatives has been a defender of prediction markets such as those run by Kalshi, Polymarket and…

Crypto Outflows Are Sentiment Shock, Not Structural Crisis: CoinShares

Cryptocurrency market outflows reflect a sentiment shock, as geopolitics, rate expectations and capital rotation into artificial intelligence weigh on digital assets, according to James Butterfill, head of research at CoinShares. In a statement sent to Cointelegraph, Butterfill said that sentiment in crypto markets has “soured drastically” after billions of dollars flowed out of digital asset…

Equipment Finance Platform Trad.Fi to Bring $650M in Private Credit Onchain

US-based equipment finance platform Trad.Fi announced plans to bring up to $650 million in private credit onchain over the next 48 months.  The initiative targets one of the largest and least digitized credit markets in the US, the trillion-dollar industry funding manufacturing equipment, industrial systems and residential solar installations, according to an announcement shared with…

EU Seeks Transaction Ban on 11 Crypto Platforms in Russia Sanctions Push

The European Union proposed banning transactions on 11 crypto platforms as part of its 21st sanctions package against Russia. Kaja Kallas, vice president of the European Commission and the EU’s high representative for foreign affairs and security policy, outlined measures targeting banks, weapons manufacturers, oil traders, refineries and other entities outside the bloc. “We will…

Bitcoin Four-Year Cycle ‘Normal’ Says Trader as BTC Hits Bottom Zone

Bitcoin (BTC) should see new all-time highs in 2028, a trader says as $53,000 becomes an important buy-in level. Key points: Bitcoin is in “as normal a four-year cycle as they come,” says Bob Loukas as the timing for a bear-market bottom approaches. The cycle midpoint at $53,000 would be an advantageous market entry if…

Prediction Market Need Measured Approach to Insider Trading

Prediction market regulators should consider a measured approach to insider trading enforcement as opposed to an outright ban, according to research from an academic at the Stevens Institute of Technology. In a paper released on June 2, assistant professor of finance Balbinder Singh Gill developed a formal economic model to answer the question of how…

Live bitcoin updates: What next for bitcoin as it faces headwinds from Fed rates to Claude’s Mythos

David Nicholas, CEO and Founder of XFUNDs by Nicholas Wealth and portfolio manager of several actively managed ETFs including BLOX, which maintains bitcoin as a core holding, views the current bitcoin market as technically damaged. He notes that BTC is trading roughly 20% below its 50-day moving average, a situation he describes as a “broken…

These Four Bitcoin Charts Hint at BTC Price Dropping Below $50K

Bitcoin (BTC) bulls successfully defended the $60,000 psychological support during last week’s 13% correction. BTC/USD daily chart. Source: TradingView However, the rebound has not fully erased downside risks, with some traders warning that a deeper breakdown remains possible as the US–Iran tensions and fading rate-cut expectations weigh on risk appetite. Several Bitcoin valuation and technical…

SBI Shinsei Bank Plans Crypto Vouchers for Depositors

SBI Shinsei Bank will reportedly launch a service that rewards deposit customers with cryptocurrency exchange vouchers based on their account balances. According to a Nikkei report, customers will receive vouchers equal to 20% of their interest payments, in addition to their yen-denominated interest. The vouchers can be exchanged for Bitcoin (BTC), Ether (ETH) or XRP…

Ether Eyes $1,500 Support After 25% Open-Interest Decline

The Ether (ETH) futures market saw its open interest (OI) on Gate.io fall by 45% to levels last seen in April 2025. At the same time, nearly 480,000 ETH left Binance, OKX, Gemini and Bitfinex over the past few days, reducing the exchange-held supply.  The combined shift highlights a market with less leverage and declining…