Nevada regulators push back after prediction market conference blames them for move
Predict 2026 conference relocated from Las Vegas to New York, citing Nevada Gaming Control Board regulatory pressure. The regulator denied applying pressure, stating it never directed venues to decline hosting events. Nevada remains engaged in legal battles with prediction markets, including an April ruling against Kalshi's platform. The dispute highlights ongoing regulatory tension around prediction markets' classification and governance in the US.
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XRP tops bitcoin, ether volumes on major South Korean exchanges
XRP leads trading volumes on South Korean exchanges Upbit and Bithumb, surpassing Bitcoin and Ether in KRW pairs—a pattern historically signaling imminent volatility. The token trades near $1.44-$1.45, repeatedly failing to break $1.49-$1.50 resistance since February. Korean traders concentrate activity in this high-beta asset amid cooling local risk appetite, suggesting positioning ahead of potential breakout moves.
Bitcoin back above $81,000 after hot CPI print, BNB, DOGE lead majors gains
Bitcoin rolled back to $81,200 after dipping to $79,800 on Tuesday's hotter-than-expected U.S. inflation reading, while BNB zoomed 2.5% over 24 hours and dogecoin added 1.3% as crypto funds saw their strongest weekly inflows in months....
JPMorgan to launch tokenized money market fund for stablecoin issuers
JPMorgan filed to launch JLTXX, a tokenized money market fund on Ethereum for stablecoin issuers to hold reserves in US Treasuries and repos while earning interest. The 0.16% fee is notably low for the asset class. This follows Morgan Stanley's similar offering and reflects Wall Street's push toward blockchain-based tokenization for operational efficiency and regulatory compliance.