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Quick Take Kalshi has recently received cease and desist notices from gaming regulators in Nevada and New Jersey that seek to stop the prediction marketplace from offering contracts related to sports events and argue only state-licensed organizations can offer sports gambling. Kalshi sued the agencies in response, arguing that as a CFTC-regulated exchange, it is exclusively regulated by the federal government, and the Commodity Exchange Act preempts state law.
Web3 still hasn’t gone mainstream — but Ice Open Network is making decentralized tech feel as simple and seamless as Web2.
Quick Take Daily exchange volumes have dropped from a $126 billion post-election peak to $35 billion, returning to pre-election levels amid market uncertainty. The following is an excerpt from The Block’s Data and Insights newsletter.
Quick Take The FTX estate is set to begin repaying its creditor claims over $50,000 in value on May 30. Creditor repayments could take time given a large volume of likely fraudulent claims, one of FTX’s bankruptcy attorneys said, according to a Bloomberg report. The cryptocurrency claims are valued as of the bankruptcy petition date, November 11, 2022; the price of BTC is currently 5x higher than that value.
- 04:39Magic Eden: Season 1 Airdrop Completed, Season 2 Event Now OpenAccording to a report from Odaily, Magic Eden announced on the X platform that the airdrop for Season 1 has been completed, and the Season 2 event is now open. Users can participate by staking ME tokens and trading on the platform. A series of updates will be released later, including leaderboard rankings, a 0.5% EVM fee, and a complete overhaul of the NFT platform.
- 04:39A Whale Spends 14,725 SOL to Purchase 2.22 Million Fartcoin, Losing $297,000 AgainPANews reported on April 18 that, according to Lookonchain monitoring, a whale who previously lost $701,000 on Fartcoin has once again spent 14,725 SOL ($1.98 million) to purchase 2.22 million Fartcoin at an average price of $0.89, now losing an additional $297,000.
- 04:38April 18 Midday Key Updates7:00-12:00 Keywords: Federal Reserve, Stablecoins 1. CZ: BNB is a Meme coin; 2. Opinion: Federal Reserve's independence may become the market focus in the coming days; 3. ECB cuts interest rate by 25 basis points, market focuses on the latest Federal Reserve statement; 4. Galaxy proposes a new consensus method to resolve Solana inflation debate; 5. Wyoming committee explores whether stablecoins are "governed" by U.S. SEC regulations; 6. JPMorgan: Gold remains the preferred safe-haven asset, Bitcoin has not replaced it; 7. "Bitcoin" and "Ethereum" Google search popularity slightly improved in March, reaching the highest level of the year.