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‘Bullish rate hike’ — Why crypto spiked today in the face of bad news

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The Fed’s attempts to reel inflation in by increasing interest rates are usually associated with a pullback of investment activity across markets.

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Coin Market

Kalshi issues first lifetime ban for Republican politician over insider bets

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The prediction platform permanently banned George Santos and issued a three-year suspension for Laurie Buckhout after investigations into using insider information on event contracts.

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SEC proposes broad update to decades-old transfer agent rules with blockchain nod

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The proposal would modernize rules largely unchanged since the 1980s, addressing blockchain-based recordkeeping, tokenized securities and increasingly automated market infrastructure.

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BofA, Citi, Goldman Sachs among 21 institutions planning stablecoin launch

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The planned venture will initially focus on a US dollar stablecoin before expanding to other G7 currencies, with a euro-denominated offering next.

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