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View More NewsBitcoin (BTC) is heading for its worst monthly loss since mid-2022, with BTC down roughly 18.5% in June as price struggles to hold the psychological $60,000 support level. BTC/USD monthly chart. Source: TradingViewWill Bitcoin’s downside momentum extend in July, or is BTC preparing for a recovery?Key takeaways:Bitcoin’s liquidity map shows a major short-liquidation “magnet zone” near $67,600.BTC has historically gained 7.6% on average in July, while midterm-year seasonality points to an even stronger 10.3% average return.Bitcoin may hit $75,000 in JulyJuly may become a “bullish month for Bitcoin,” according to analyst Fleh, who predicted BTC price to rally toward $75,000…
CZ acknowledged that there is a gambling component to prediction markets, but he said that is also true in other financial markets.”With any financial instrument, there’s always some speculators,” he said. “The speculators actually provide the liquidity, so it’s good that you have that speculation.”Policy futuresThe U.S.’s potential signature crypto policy legislation — the Digital Asset Market Clarity Act (known as the Clarity Act) — may become a law by the end of the year if lawmakers can work out some remaining issues, including an ethics provision for government officials, chiefly the president.But he said the Clarity Act and other…
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It’s fitting that the embattled Keir Starmer resigned as prime minister of the United Kingdom almost exactly a decade after the Brexit referendum. More than anything else, it was that vote, on June 23rd 2016, which created Britain’s current political reality—a reality of which Starmer is just the latest victim.Perhaps the most ironic impact of Brexit is the fact that the United Kingdom has finally become a European country. By this I don’t mean that we’ve suddenly learned how to cook good food, or we’ve all become bilingual, or have embraced the siesta. We’re no more culturally European than we…
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In brief Kalshi has teamed up with FIFA-linked ADI Predictstreet to expand its reach and step into the World Cup’s spotlight. Driven by intense…
Grant Cardone, CEO of Cardone Capital, used this week’s crypto slide to restate the case for his bitcoin-and-property model, saying the structure is designed…
In brief Developer Fernando Irarrázaval’s experiment at hackmyclaw.com drew over 6,000 hack attempts from more than 2,000 attackers after going viral on Hacker News.…
This year, the United States celebrates its 250th anniversary. To commemorate the occasion, FIRE is proud to present the limited series “Figures of Speech,”…
Several national gaming and tribal organizations and labor groups have reportedly called on the US Senate to add language “that explicitly prohibits event contracts…
In brief A Michigan federal judge ruled sports prediction markets are not CFTC-regulated swaps, siding with state regulators over Polymarket. The court denied Polymarket’s…
The ability to access publicly available information using automated tools is a central value and benefit of a free and open internet. Automated access—often…
From In re Gregorwicz v. Villa-Kennedy, decided today by Arizona Court of Appeals Judge Veronika Fabian, joined by Presiding Judge Michael J. Brown and…
So far, the states that have filed such a challenge against the prediction markets have met with counter suits from the CFTC, where Chairman…
More than $12 million in crypto-aligned political action committee (PAC) media buys helped propel Barry Moore to victory in Tuesday’s Alabama Republican US Senate…
In brief Estonian Prime Minister Kristen Michal approved an Eesti.ai advisory council proposal on June 17 to create an “AI personal identification code.” The…
The NO FAKES Act is supposed to target harmful AI-generated impersonations. But in reality, it will make it easier to suppress commentary, satire, and…