Author: James Wilson
Kalshi has integrated the Solana blockchain to launch tokenized versions of its event contracts on-chain. Summary Kalshi has launched tokenized versions of its event contracts on the Solana blockchain. The move is expected to enhance liquidity across Kalshi’s markets. Kalshi will be directly competing against Polymarket as both platforms scale up U.S. market activity. As prediction markets have become a major area of interest in the U.S., Kalshi is looking to tap into the cryptocurrency community by offering on-chain versions of its contracts, company insiders told CNBC on Dec. 1. Kalshi’s traditional contracts operate through a regulated exchange and require…
Crypto prices today have slid further as pressure from Japan’s bond market flowed into digital assets. Summary Total crypto market value slipped 5% as BTC, ETH, XRP, and BNB extended their decline. Japan’s surging bond yields and the fading yen carry trade triggered heavy liquidations and renewed risk aversion. Traders are watching the BOJ’s mid-December decision, which could deepen risk-off mood if rates rise. The total crypto market cap slipped by 5.3% to just above $3 trillion, adding to the weak momentum that has carried into December. At press time, Bitcoin was down 1.2% to $85,945 while Ethereum fell 1.5% to $2,812.…
Alt5 Sigma is facing fresh scrutiny after conflicting timelines in its SEC filings raised questions about how and when the company disclosed the resignation of its independent accountant. Summary Conflicting timelines in Alt5 Sigma’s SEC filings raise concerns over its auditor resignation and quarterly report delays. Separate date mismatches involving management changes add to scrutiny over the company’s disclosure practices. The firm’s ties to Trump-linked World Liberty Financial continue to shape its governance, balance sheet, and market reaction. In a Black Friday submission, Alt5 Sigma told the SEC it learned on Nov. 21 that its independent accountant, William Hudgens, had…
The Federal Reserve’s top bank cop is heading to Capitol Hill with a message that boils down to: yes, banks and crypto firms can play nicely — but rules must be followed. Summary Fed Governor Michelle Bowman will urge Congress to support new rules for banks and stablecoins. Innovation must be encouraged but supervised to protect financial stability, she says, according to Bloomberg News. Bowman will also update lawmakers on bank capital reforms amid broader tensions between banks and crypto firms over charters and regulatory parity. In prepared remarks for Tuesday’s House Financial Services Committee hearing, Fed Governor Michelle Bowman…
Large-holder activity in Dogecoin has declined to its lowest level in 60 days, according to data shared by cryptocurrency analyst Ali Martinez on Sunday, Nov. 30. Summary Large Dogecoin transactions dropped to just four, down from a recent peak of 38, according to analyst Ali Martinez. The pullback comes even as Dogecoin shows a short-term price uptick and trades near a key 2024 support level, still below its 200-day EMA. Technical indicators, including the RSI, remain weak — signaling fading momentum as whale activity hits a 60-day low. The number of high-value Dogecoin (DOGE) transactions dropped to four, down from…
Coinbase’s board may have thought Thanksgiving was for turkey, but a group of shareholders decided to serve up a derivative lawsuit instead. Summary Shareholders have filed a derivative lawsuit accusing Coinbase insiders of selling $4.2 billion in stock at allegedly inflated prices while hiding internal risks and regulatory issues. The suit claims the direct listing structure enabled executives to prioritize personal gain, echoing a similar April 2023 lawsuit involving $2.9 billion in sales. Plaintiffs argue the internal review was compromised by conflicts of interest, pointing to Silicon Valley’s “insularity and patronage” as a barrier to impartial evaluation. Filed in Delaware,…
Trump Media & Technology Group and Crypto.com are announcing plans to launch a publicly traded Cronos via a business combination with Yorkville Acquisition Corp. The reported merger will create Trump Media Group CRO Strategy, Inc., with Steve Gutterman stepping in as CEO and Sim Salzman as CFO once the deal closes in early 2026. Summary Trump Media and Crypto.com plan to launch a publicly traded Cronos via a merger with Yorkville Acquisition, creating a treasury exceeding $6 billion. Despite CRO’s price decline, the firms aim for long-term growth, staking rewards, and integration into Truth Social and Truth+ programs. Allegations in…
As of Dec. 1, Ethereum is bouncing between $2,720 and $3,041, showing just how unpredictable the crypto market has been lately. With big outflows from Ethereum ETFs adding extra pressure, traders are keeping a close eye on ETH price to see which way it might swing in the coming days. Summary ETH is currently around $2,739, down sharply on the day and month, reflecting cautious investor sentiment. A rebound above $2,800 could trigger short-term rallies toward $3,000, while sustained selling may push ETH to $2,620–$2,640. Market sensitivity to macro trends and liquidity shifts keeps the ETH outlook uncertain and volatile.…
Bitcoin price suffered a harsh reversal on Monday, wiping out some of the gains made last week when it soared to $93,000. Summary Bitcoin price dived below the important support at $85,000. The Bank of Japan’s central bank governor pointed to a rate hike. A hike when the Fed is cutting may lead to unwinding of the carry trade. Bitcoin (BTC) token dived to $84,880, triggering a broader crypto market crash that affected most altcoins. The market capitalization of all coins dropped by ~8% to $2.9 trillion. One potential reason why Bitcoin price crashed is a sudden flip by the…
XRP price continues to break down as bearish market structure strengthens, placing the $1.80 support zone at risk amid persistent lower highs and rejection from key resistance levels. Summary XRP continues printing lower highs and lower lows, confirming bearish structure. Rejection from the bearish order block and 200-day moving average caps upside momentum. Limited support below current levels increases the probability of a drop toward $1.80. XRP (XRP) price is entering a deeper phase of bearish pressure as its market structure continues to deteriorate. After losing significant high-time-frame resistance and forming a clear bearish order block, the asset has struggled…