Finance

Bitwise Asset Management is reportedly acquiring institutional staking provider Chorus One, extending its push into cryptocurrency yield services. The acquisition adds a major staking operation to the crypto asset manager’s platform as demand for onchain yield products increases among both retail and institutional investors. Chorus One provides staking services for decentralized networks and currently has … Read more

Two leading prediction market platforms, Polymarket and Kalshi, have both turned to giving away groceries amid a fight for dominance in the fast-growing prediction markets space. Kalshi offered a $50 grocery giveaway to over 1,000 people in Manhattan on Tuesday, while competitor Polymarket announced plans to open a free grocery store starting next week. Thousands … Read more

The enforcement action over wagers on sports event contracts followed Coinbase announcing the launch of prediction markets in all 50 US states. The Nevada Gaming Control Board announced that it had filed a civil enforcement action against Coinbase over wagers on sports event contracts. In Monday filings in the First Judicial District Court of the … Read more

Key takeaways: Ether dropped 28% in a week to $2,110 as investors cut risk and markets wiped out leveraged traders. Spot ETH ETF outflows reached $447 million as Ethereum network activity fell by 47%. Ether (ETH) plummeted to $2,110 on Tuesday, signaling fragility following a brutal 28% price correction over seven days. Investors retreated into … Read more

The US House of Representatives approved a bill on Tuesday that will fund most of the government through the end of September. Lawmakers in the US House of Representatives have approved a bill that will mostly reopen the government after a four-day partial shutdown. In a Tuesday House vote of 217 to 214 in favor … Read more

Pedro Sánchez announced that Spain would implement several changes to laws impacting social media platforms starting next week, with potential criminal liability for executives. Spain’s Prime Minister Pedro Sánchez said that the country plans to ban access to social media for children under the age of 16 and require platforms to implement age verification systems … Read more

The Spanish Red Cross (Creu Roja) has deployed a new blockchain-based aid distribution system, RedChain, that promises real-time donor transparency without exposing the identities of the people receiving assistance.  According to a release shared with Cointelegraph, the platform, developed with Barcelona-based infrastructure provider BLOOCK and zero-knowledge credential firm Billions Network, aims to digitize “the entire … Read more

Bitcoin (BTC) traded 5.5% above its nine-month low of $74,500 reached on Monday amid hopes of a rebound toward $85,000. Key takeaways: A “squeeze” toward $85,000 is in play as Bitcoin rebounds from multimonth lows. The return of spot Bitcoin ETF inflows could fuel BTC price recovery in the short term. Can BTC price rebound … Read more

Spot crypto trading volumes on major exchanges have fallen from around $2 trillion in October to $1 trillion at the end of January, indicating “clear disengagement from investors” and weaker demand, according to analysts.  Bitcoin (BTC) is currently down 37.5% from its October peak amid a liquidity drought and a major bout of risk aversion, … Read more

HYPE gained double digits on Monday after the team behind HyperCore, the core infrastructure powering Hyperliquid’s layer-1 network, said it will support the HIP-4 proposal to expand into prediction markets. The integration would allow fully collateralized contracts on Hyperliquid, the largest decentralized perpetual futures crypto platform, enabling traders to wager on political elections, sports and … Read more