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Crypto Biz: Stablecoins are paving the way for mass adoption of crypto, June 2–8

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Checkout.com, FTX, PayPal and Crypto.com headline the latest business news from the world of cryptocurrency and blockchain.

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Coin Market

New York, Illinois sign EO banning state employees from prediction markets

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New York Governor Kathy Hochul criticized the Trump administration for not implementing any “meaningful ethical standards” to curb insider trading in prediction markets.

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Coin Market

Kalshi bans 3 US politicians for betting on their own election races

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Matt Klein, a sitting member of the Minnesota State Senate, said he made a bet out of curiosity, while Mark Moran claimed he wanted to see how Kalshi responds to insider trading activity.

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Four reasons why the crypto market is rallying today: Will bulls maintain control?

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Bitcoin and Ether surged as US liquidity measures and record spot ETF inflows offset investors’ recession fears and their concerns over the war in Iran.

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